Many of you are like small retarded children. I suspect you entertain yourselves with colorful blocks and crayons. I chuckle at your comments, for you are nothing more than clapping seals, easily trained, easily killed. Men, like “The Fly”, will be around to toss men like you into lit fireplaces, drenched in turpentine, indefinitely.
With that in mind, it’s easy to understand your perspective— a simple lowly reader of some Godly blog. Do not fret, for the blue collar gloom and doom is right around the corner. At that time, you will all like “The Fly” again, as he resurrects HORATIO CLAWHAMMER from the dead and dispatches him to eat the brains of overzealous bulls.
However, before that happens, it’s important to test the waters, in order to get situated, if I might suggest doing so. Making bold, decisive moves is what “The Fly” is all about. That is why I am opting to keep a long bias into this decline. My position could be a loser and I might have to correct it later. However, I accept the task ahead and understand the risks.
If you choose to take the direction of the market, based upon every tick, you will find yourself on the receiving end of an egregious foreclose notice, within the year. You’re too nervous; calm the fuck down.
Instead of watching each tick, I suggest smoking a cigar, while gingerly sipping on a lot aged scotch. Wear a robe: punch someone in the stomach. Unwind a little, you’re making me nervous just reading your “SOS style of writing.”
If you are long, today is a bad day. Big fucking deal. If you are short, you’re feeling like an adolescent with a summer crush.
As for me: Don’t you worry about my affairs, for they are none of your concern, nor the interest of any civilian.
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fig!
Bring back the real Fly, and stop with this impersonation.
TIA
ps: they {are} none of your concern
Funny shit fly. These dolts must be Gary “too scared to trade” Kaultbaum fans.
No I don’t entertain myself with “colorful blocks and crayons.”
I entertain myself by doing technical analysis of FAS and FAZ etfs. Much more amusing and not as taxing on my brain.
There is no such thing as technical analysis on 3x levered etf’s, you idiot.
It’s all a crapshoot.
If you are short, you’re feeling like an adolescent with a summer crush = Danny
Translation : I’m an asshat that is shitting diarrhea right now and will be sweating through this correction because I lack the ability to time short term tops
If you werent such as ass clown during days you make money I’d leave you alone
But because you ARE an asshat, I revel in the rather frequent number of times you take it up the butt
You can’t wait to tell people what a god you are, but most of the time you’re either entirely hedged and making a couple pennies or taking it up the ass being on the wrong side
You’re a fake desperado looking to make $2 a day from subscribers, need I say more
Be Humble and maybe one day you will have well wishers on your site instead of haters
And no, I don’t need your measly $2 subscription offer
There has to be technical analysis of 3X etfs because I was just hired by Goldman Sachs to do this for them.
On second thought, maybe they were just trying to curry (big word for me) favor with Treasury under the Americans For Disability Act so they aren’t hassled paying back TARP money.
Buy some TPP here – the inverse of PPT. What brand of Scotch does Teddi Kennedy guzzle down? DevilDawg is lucky?
What’s that? A new post ALREADY??
Don’t get excited, I did both of these over the weekend, so I just had to clear the decks.
Entering “Woody-mode” now…
Heh.
_________
Who knew? DEVILDOG must read OEW … bear rally to 870, pullback to 800 and rally to 1070 …. buy the dips!
And no, I don’t need your measly $2 subscription offer.
Can I offer you some Prozac, or perhaps a cheap lay?
I know, I know, adolescent-looking boys — I’ll see what I can do.
__________
Wise words fly. This is just getting rid of all the “junk bids” or the start of a reversal. Going all crazy is like being that dude from Simpsons who at the slightest thought of panic jumps overboard OR through a window.
Fuck being that ass clown. A little more time in the PPT and then off to the links; business as usual.
According to the tracking of your stated buys on Friday, on my “AAA FLY SHIT BUYS” watch list you are down 5.8% on a non-weighted average. Can you supply a new listing with the number of shares bought of each so I can give you your actual losses? I’m sure they are probably more that the straight average at -5.8%. BTW, your highly touted TBSI is leading the FLY SHIT pack at -13.7%. TIA.
fly,
When are you going to stop paying your mortgage?
At what point do redemptions start coming in to the fly?
what redemptions? he trades for his own sh*tty account
Every now and then you need to be called out if you come up with some bad taste nonsense..
The “Many of you are like small retarded children” is one of those times.
Many of us have children. Some may have such disabilities.
Fucker.
Hey
In all fairness, the comment was not meant to belittle children (I have 3), but idiot adults.
I am sorry if I offended, it was not my intention. I love kids, but hate adults.
DevilDog is right. this pullback will last until the first week in may, + or – a few days. spx 750 is not out of the question although not likely. after it’s done the market will rip right back. if during the next rally the following occur,
trannies and q’s leading way
a/d line takes out prior high ( broad move )
vix takes prior lows
then the rally should be considered as something more than a bear market rally. that’s where the Dog and i differ.
TheFlyisAssHat
Sour grapes. You’re just jealous because of your losing position in life. I did not say anywhere I was entirely hedged. It’s a bad day. So what?
there will be blood spilled on our streets before the year is out, over what is happening in our country.
I hope Fly keeps paying his mortgage.
He is a wonderful neighbor and a true gentleman in the community. All of the city Public Safety officials must like him too as there are always police cars at his house 24/7.
Watch XOM for to lead some last hour fun and games.
Fly, you’re correct…it is all a crapshoot…there’s no such thing as analysis on 3x etf’s…you’re sounding more like someone people might listen to after all…the entertainment value is still the primary reason to read you though, not for the trading advice…at least not 75% of the time.
Fly playa haters http://www.youtube.com/watch?v=m5L20vWjMUA
FAZ SRS lovers must read :
http://www.barclaysglobal.com/secure/repository/publications/usa/ResearchPapers/Leveraged_ETF.pdf
Specifically, leveraged ETFs must re-balance their exposures on a daily basis to produce
the promised leveraged returns. What may seem counterintuitive is that irrespective of
whether the ETFs are leveraged, inverse or leveraged inverse, their re-balancing activity
is always in the same direction as the underlying index’s daily performance. The hedging flows from equivalent long and short leveraged ETFs thus do not “offset” each other. The magnitude of the potential impact is proportional to the amount of assets gathered by these ETFs, the leveraged multiple promised, and the underlying index’s daily returns.
The impact is particularly significant for inverse ETFs. For example, a double-inverse ETF promising ?2× the index return requires a hedge equal to 6× the day’s change in the fund’s Net Asset Value (NAV), whereas a double-leveraged ETF requires only 2 × the day’s change.
This daily re-leveraging has profound microstructure effects, exacerbating the volatility of the underlying index and the securities comprising the index.
now that everybody is a gambler, the gamma needs to get the fuck shorted out of it which propels the idiot market higher.
SRS sucks its own dick
and in other news, high accumulation in inverse ETFs leads to hockey stick closes.
I thought I had gone to “The Well” too many times on SRS (been living the dream with that puppy), so I backed the last one up with call writes… in SRS at 36, sold the April 36 @ 2.10, doubled up on SRS on Friday at 26.35…
Turns out the well STILL ain’t dry…
And FLY rules… you just can’t comprehend him
So I made a quick 30% profit in FAZ. Question is do I ride this death trap overnight or punt it for a new look tomorrow?
I’m short, with a short pecker, but today you see……
my balls are the size of grapefruits as I bask in glorious wins!
Welcome back Horatio. Let’s go slaughter some pigs.
Brilliant!
cnbc retards are hilarious shitheads..Matt-pantload Nesto calling this a bull market..hey matt go have another double taco you fat bitch….
Finally closed out my FAZ and SRS for a loss. Though much smaller than it could’ve been, it has been quite the white knuckle ride down after averaging in a million times. Behold, the shittiest trader ever.
I’m just going to put my money in China ’til I retire. To hedge, I’m going to learn a third world language and how to farm.
note..theres NO fucking volume in today….hope it crashes into the close to start buying…
Chivas, great post. I agree with you intermediate term including a rally starting mid May to new BEAR market highs. However, even if you get the A/D and VIX indicators you are looking for they will be false. The end game is still S&P 150 MINIMUM. This BEAR is the real thing and will be a 5 wave down event…not a 3 wave correction. The markets will have this historic decline because America is in a massive socioeconomic and political decline. We will have our worst DEPRESSION in our history. We will have violent civil unrest and our own military fighting it’s country’s citizens. The first violent event will be our government’s effort to eliminate our Constitutional right to bear arms and they will try to confiscate by force our weapons. They will be defeated in this effort. Google April 19, 1775 and glimpse the future. Funny how John Hancock, Samuel Adams & Paul Revere were the criminal “right-wing extremeists” then. Wonder who our new LEADERS will be. History repeats. The tea parties last week were not a coincidence, They were predetermined fate. The arrogant and ignorant in power then were the English, now it is the fed, our government and wall street. Our government(rep & dem are corrupt puppets of the PRIVATE central banksters(fed) and the scum on wall street. The PEOPLE will win the battle and America will be reborn. Then and only then will a NEW BULL MARKET begin. I have human history supporting my view. I wouldn’t bet against it.
Right on, DevilDog. Citizens are hoarding AK-47s and investing in Ammo.
henry kissinger…”no private gun ownership after september 2009.”
DevilDog has had too much tea
When I have a big down day, I come here to get pummeled
and humbled. Maybe I have been lucky for years and it is a crap shoot.