Correct me if I am wrong, wasn’t I just talking shit about being wrong, yet right. In an odd twist of fuckery, today I am right, yet wrong, if you know what I mean.
Let this be a lesson (of sorts) to me and people like me: Mother Market doesn’t give a shit about your time machine or ABRACADABRA ways. Just when you think you have it all figured out, BAM, the rug is pulled from your feet and you are beaten to a pulp with a titanium pipe.
The retail numbers were bad; therefore, the market—finally—has an excuse to rip the lips off of the bulls, especially the morons who like penny stocks (no offense to myself of course).
I haven’t figured out a definitive course of action yet. I do have a 35% cash position and a small tolerance for loser stocks. I may just cut losses—go to cash—then proceed to plan a new course of action. Or, I may decide to do nothing—go eat a sandwich—and wait for tomorrow.
Look, the market is permitted to decline by 10%, after a run up. You, as an idiot online guy, need to come to grips with losing money, with full intentions of making it back later. Or, if you are the insecure type, sell now, then do a bunch of stupid trades later.
Either way, the market is going to tax some of your gains. That’s just how this here game works.
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Crack Pipe?
“Pipedream” that penny stocks would go up forever despite the PPT’s sell recommendations on (virtually) all of them and on the market as a whole?
Oh no, not the FAZcrackpipe again. Don’t do it!
So far CNBC has spent a bunch of time this AM about INTC and EU.
Not sure what they said because my sound is turned down.
But, the market doesn’t care and I am sure INTC isn’t worried about debt laden AMD.
Check the market reaction with INTC.
Big yawn.
Tail “pipe” of which RFMD was blowin’ out earlier? Roaring comeback. Several insider sells posted late yesterday. What say you?
It’s a corncob pipe since Fly is now growing corn next to his crop circles.
Since he can’t grow grass might as well harvest a cash (legal) crop.
ponytail pete is a shameless shill
Fly,
I agree with going eat a sandwich and wait til tomorrow afternoon. Keep up the great work
I agree with what the Fly said!
Specially the part about eating a sandwich and waiting till tomorrow.
Yawn….. Yes taxing my gains… I like that.
definitely confirmed head&shoulders move downward over the past two weeks in QQQQ, sustained break below 33.80s, and XLF close to their 11.50 support. now we just need us to decline another 150 pts on the dow for the bulls to go fuckit and lock in profits.
if this is indeed nothing more than a huge bulltrap, it’s going to be mad interesting to see what will happen to commodities & treasuries in the month ahead.
I am happy at the moment with my PnL up .4+%. I have outsized gains in my HME short, FAZ and QID. DXO is not murder slapping me either. I do not plan on making too many moves today other than buying a little of Fly’s CUZ to hedge my HME short. Why CUZ, cuz I’m a mutha fuckin crip homie, G’s up Ho’s down.
POOF! Your bullshit run up in penny stocks is gone…
-Merlin 4.0
I think 875 is HUGE SUPPORT for the SP500…I could see lots of dip buyers come in.
Maybe he’s referring to “The Pipe” (colonoscopy tube) that he’s taking up the ol’ poopchute today.
More like a pipe wrench, does more damage:
http://sirmikeofmitchell.com/images/rudeface01.jpg
I sense a lot of animosity towards penny stocks. Instead of maligning me for having the balls to take what’s mine, why don’t you go for that sex change you’ve been saving up for?
where is cocksucking Cramer…loving WFC at 28 on friday..mkt wont go down..suck dick you bald fucking lying POS…hope your whole staff gets swine flu and pukes to death…fuck
People always talk shit about stuff they dont get
ATTENTION BEARSHITTERS: Be quiet and enjoy the day. Do not jinx yourselves with poking fun at those who are smarter than you.
875 will bounce us back to 900 overhead which could provide an exit point or entry if you have balls. Personally I am kicking that murder hole FTK to the curb since I have enough energy exposure.
Massive sell programs kicking in.
And take it you are, Fly, right up the shitter today. Does it hurt much?
Where is Devildog today? Figured he’d be here to have a polite conversation with The Fly about the day’s events.
Cash-N-Guns
You followed Cramer?
Here comes the PPT.
ponytail pete is a shameless shill
—————-
much worse, he is a brainless idiot
Hey PermIdiots … Today’s retail sales should be taken at fuck’n heart. This rally is, scratch that, was bullshit …. Now prepare for more fuckery, with new unprecedented lows in early summer.
8)
The Fly will rule yet again:
http://www.sirmikeofmitchell.com/images/cock500.jpg
M U R D E R H O L E !
DEVILDOG get your homo ass out here and celebrate!
Things have really got bad out west . Big depression in Phoenix . Fly sits in his New York crop circle estate unaware of true reality . This will bite him in his fly ass . Whats next Fly go on CNBC and pump and dump semi”s ?
Time to wake up..green shoots my sweet ass
out of the last of amzn, building a large short position in USO. The falling inventories are what is known out here on the farm as horse shit.
Fly:
I have been following your blog for well over an year; and I have finally realized that you are nothing more than a common idiot!
Regards,
Seafarer
13 week rate of change of MZM and M2 are falling of a cliff.
trannies and q’s continue to lead down.
I’m back from a relaxing few hours spent smashing concrete with a pickaxe, then a nice hot shower, followed by lunch and some medicinal digestive.
Down 5%
…Yawn.
Hey Henry,
Did you have a nice bowel movement as well? Howsabout using Twitter instead of cluttering up these here financial boards
with the most excruciating minor and mundane details of your “life” that no one here cares about except you?
Wow that was chilling I almost sold nothing. I hope It doesn’t cascade down in the final 2 hours of trading. I’d like to keep my positions for another day and another sandwich.
Here’s a nice trend indicator for yaz, so you know when the market flips over (officially)…
Use a relative slope (of price) crossover on the following market indicator: % of stocks 1 channel below the 40-day MA. This indicator gives the reverse of the trend, so you have to read it backward, but it gives a cleaner signal than % of stocks 1 channel **above**.
That’s how you know for sure when the trend flips over, within a couple of days of the exact turning point.
Free gold nuggets for everyone… BTW, this indicator clearly shows we’re in a downtrend for the next few weeks.
Speaking of cluttering up and bowel movements, it sounds like WTF might not be getting enough fiber in his diet. Or are you just jealous of my gains? What’s up your ass may I ask?
I can be annoying & certainly when you’re losing money… Are you losing big today WTF?
You just cant seem to ignore me cause your leaning the wrong way. I’m quite flattered by your attention.
FUCK YOU!
LOL
@ what WTF said.
Anyone older than 16yrs old who uses Twitter is a fucking tool bag. It is just a TOOL for the sheep to follow the stupid celebrities.
Twitter is yet another reason why China will soon bitch slap the U.S.
My YUM is shitting the bed today but I shall hold it and eat a baked potato for I see $36 in the near future.
Please, twitter is only for following celebrities if you’re a fucking pleb. The real purpose of twitter is for dick jokes.
To Henry the Metamucil Fool,
Jealous of your gains? WTF?! What gains? You admitted that you’re down 5%! You really are a fool. Now go eat some Exlax or whatever is needed for you to become regular. When you have something of substance to offer I’ll be all ears, otherwise please leave us all out of your daily gastrointestinal trials and tribulations. Thank you.
Coach Gibbs — using email yet?
Oh, and the Redskins blow.
_____
the question is. is todd, beavis or butthead?
Twitter is a another Soros-funded psyop designed for lulling the masses to sheep.