Rarely do I buy or sell anything before 10am. While it’s true, there are plenty of opportunities in the morning trade; there are just as many misdirections. Thus far, the market is behaving exactly the way it’s supposed to, following a monster run.
Many of the high fliers are taking a breather and CRE names are getting boxed around.
Going with my “scaling out” plan, I sold out of my CDNS and CAVM positions this morning and will sell more, whenever the shadows next to my favorite urinal dance.
It seems everyone is apprehensive about getting kicked down a sewer drain by Mother Market. Despite the recent run, most people think it’s built on bullshit and lies, which is simply not the case. The financials are built on a temple of lies and fabrications. However, for the most part, technology companies are genuine and may indicate a real economic turn for the better, with regards to some of their earnings reports.
The fervor in the small crap names has to stop sometime, frankly. If you were too slow or stupid to get involved, over the last month, you’re better off milking cows for a living than fucking around with the stock market. Go buy a mutual fund and call it a day.
With my money, methodically, I will be lightening up on my longs into strength. The market isn’t ugly enough, yet, to warrant a full fledged panic, which would encourage me to expedite my cash raising process.
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STEM breaking out on strong volume…
ARM – same…long both.
Sir Fly,
With all that cash raising, I…smell…fear…
Didnt you hear those fast money folks? There won’t be a pullback, we are going straight up!
You have been warned…
Just locking in what is rightfully mine.
alpha’s FOE taking off
In all seriouness,
Did you see all that insider selling?
http://pragcap.com/wp-content/uploads/2009/05/sales.png
That piece of shit Bezos (same high school I went btw) cashed out over $80mm…
Mike
Good for him for a job well done.
WTF, are you stock market people of the communist variety? What’s going on here?
For those of you who think we are terribly overbought, I found the following chart by poking around one of Mr. “Chart Addict’s” favorite site. He normally posts the chart showing ugly lines of famous bear markets. There are also charts of bear market bottoms provided at said site.
http://dshort.com/charts/bear-recoveries.html?80-82-recovery
Now I’m not saying that we will have a recovery like the one shown in the chart above, but the “Lesson of DevilDog” in the Great Fall of 2008/2009 was that the market can and will move far beyond your puny expectations. We are not overbought, and even if we were so what?
Remember, in 2008 we had moves that were living in the area between 2 and 3 Standard Deviations. We just poked our heads above 2 yesterday, and are below it today.
That is all.
(NCS) breaking the fuk out….your were warned yesterday.
Your welcome leeches
Where’s the dog’s blog? Is that true is he only up on Mondays? I thought that was a joke.
Hey Fly,
Wazzup wid SD? You be buyin’ mo’ at dis level? Hit me back aight?
Anyone buying FAX as proxy for cash?
I vote for a j Blog Tuesday?
j you have to go away and only come back on Tuesday’s
What are you saying you want to short or go long 10 year– TLT TBT?
What do we do to incentivize innovation?
Tax the living shit out of it!
INDUED.
LVLT..come on rally u gay british type(Hatton who got floored by Manny P.)..fucking get up bitch…pig fucking stock.
Fly’s old buddy making hay:
http://www.bloomberg.com/apps/news?pid=20601087&sid=af8EDsAUP2Aw&refer=home
and to think of how much shit you used to give Timmy over his penny stock picks…
MGM up 580% in 8 weeks
“j Says:
Where’s the dog’s blog? Is that true is he only up on Mondays? I thought that was a joke.”
It is NOT a joke and it’s NOT a game anymore.
CSCO taking out highs of the day en route to a 20 print this afternoon. Giddyup!
omg omg market down today. It must be the beginning of a new downturn! Bears are back in business baby!
Fair enough, Fly. I miss some of the conversations that go on as I go to bed around 3 am my time.
I was very nice to the dog , i actually congratulated him on being a blogger….. being the gentleman that i am.
————
MrkCbill: What are you saying you want to short or go long 10 year– TLT TBT?
No I was just asking so i can watch it with stocks that’s all as it could give me more of a feel than just straight cash which I have on 15 minute delay. At some stage that market is going to burst the dam wall, but you could go broke trying to pick that.
That’s the next bubble to burst.
The only way I think of playing the reflation trade is to buy HK ETF or firms, china, go very long Aussie and Canada as I’ve done, buy agricultural stocks. I’m also long some banks as the reflation trade is a godsend to leverage over the shorter(ish) term.
Where’s the dog’s blog? Is that true is he only up on Mondays? I thought that was a joke.
No no, I didn’t explain myself… I didn’t think his blogging was a joke at all, I thought the Monday only thing was. Sorry If I didn’t explain it well enough.
frankly. If you were too slow or stupid to get involved, over the last month, you’re better off milking cows for a living than fucking around with the stock market. Go buy a mutual fund and call it a day.
I so qualify in this area. I am trying to be better, but when I look at how I did last month….I clearly failed. I did make gains….just not the ones like all you were posting. I am learning. Thnx fly for all you do.
Fuck this site is turning into junior fuck retards at the playground..finding out how to shoot a jumpshot for the first time…WTF..go watch CNBC children..you annoying little fuckers.