As much as I would like to talk shit to the bears for getting mugged, day in and day out, I am noticing some underlying weakness in a variety of names/sectors. Today, I am “enjoying” my third blow up in three weeks, with this fuck of a stock American Capital Ltd. [[ACAS]] biting the homo hammer. I find myself rather complacent in the face of losses, mainly because—well—the market is my bitch. Every so often, she slaps me back. Today is one of those days.
Part of me wants to believe in the turn, as memories of past occurrences, particularly 1998, flood my mind with visions of grandeur. Another side of me thinks this market is a floating pile of shit, being buoyed by some sort of asshole submarine, directly underneath. I guess, the best course of action is to correct my errors as I go along and try to reduce my downside exposure, in order to lock in my gains.
With that in mind, I’ve decided to cut loose a few losers. There is no point, whatsoever, to hold onto a loser—no matter how extraordinary the situation is. Don’t worry, Flotek Industries, Inc. [[FTK]] lovers, I am not selling “The FTK-tard” yet.
My advice, in a nutshell, play small and bold; but prepare for that floating pile of shit to get eaten by some sort of deranged/homeless polar bear.
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The Made Man is back and telling you that this market IS a pile of shit. The Fly is correct. Watch for the spike and the REAL reversal. Right after GDP.
werd.
Fly,
Still holding HERO?
yes
It’s making me nervous today
http://www.youtube.com/watch?v=CxeB5Tm7cXI
LMCRAO
Fed is auctioning off some paper — they need a selloff to get the coverage.
Selloff coming — fuck consumer confidence. Fuck you bulls, you’re dead.
Homo hammer to C and AIG forthcoming.
I will post in a few days to tell you how right I was. But I do you all the favor of posting now so you can position yourselves.
The market is a whore.
I agree that things feel soft.
Thought I would throw this out.
My son just got back from his first professional golf mini tour event and came in grinning with his first pay check for his second place finish (got back from college after he graduated with his MBA a few weeks ago).
He is pumped now and looking for more pay days.
I told him to keep track of his expenses (travel, etc.) for the 1040 and told him that he will be getting a 1099 for income taxes.
So he asks (and this with an MBA): What is a 1099?
What tourney did he win?
Er, I mean, what tourney did he take second place in?
It was just a Central Florida mini tour event. His first professional event.
He is trying to get the bucks together for some Nationwide Monday qualifying events coming up.
A private course in the area is giving him free playing and practice privileges and Bridgestone and Ping are continuing with some equipment, balls, etc.
He is a little late in the season as he stayed in college this summer to complete his MBA (as he may need it some day).
Sick Sick Sick hope he makes it on to the Nationwide then the PGA.
Beautiful. Best of luck to him.
Yes- he should keep track of every expense related to the sport, now that he has gotten paid for doing it.
He’s young. You learn as you go, no? I bet you won’t have to tell him twice.
Newsflash — tax accounting is not a regular MBA course. Financial accounting maybe….
________
Have “The Fly” put an Ibankcoin logo on his cap……gotta be good for some karma strokes
IBC might get mistaken for root beer …
Congrats on the win TC ….
Best to get a biz credit card and chrg all expenses to that, especially one that lets you code your checks for type of expense then summarizes them for y/e tax prep.
eh, what’s new?
I got a degree in Spanish somewhere along the line and I don’t know anything beyond ‘a la madre’ and ‘mira cabron’ (both of which are (Mexican) slang). So there’s that.
Hey! Mr. Fly! I am down here in the asshole submarine I just finished a burger. This is August – it means nothing! Nothing, I tell you!
If I was ice-fishing on this lake I wouldn’t drive my truck out…
I agree with the Fly
“Play small and bold; but prepare for that floating pile of shit to get eaten by some sort of deranged/homeless polar bear”.
The Fly
Push her (the market) down. Beware, the tards on CNBC are taking Dow 10k now.
Can anyone tell me how to add an avatar? I’m trying to figure it out.
At first, I was hoping to see FTK get back to $3 by the end of the year, but I am now just wanting it to get back to around $2.30 a share by the end of the year. I will give it til the end of November then I will have to consider taking a loss on it. We will see!!! OCNF and FTK are only 2 companies that are hitting me hard
Hey Henry, just so you know, nobody gives a flying fuck what you think.
I do, but don’t give a flying fuck about your comments, you pathetic troll.
I pay attention to everything Henry has to say.
Henry fucking rules. If he ever makes a visit to Thailand I’m buying the guy a beer and the hooker of his choice.
McFly,
Fuck your weakness and the horse it came in on. We are going up fast until 10K
Fly,
You need to post one of your witty comments soon to make up for all of you recent sh**y picks.
GO VONAGE!!!
Don Fly,
What would you do if everyone started calling you McFly? Would that be an insult? Would you cry like a baby?
I would not mess with a space alien magician with a time machine personally.
What the hell, man. You come to the Fly’s house, free of charge might I add, and insult him?
Be a gracious guest, and add some value. If you can’t make a pick, at least be witty.
Greetings Le Fly …
I speak on behave of all polar bears when I say to you that we (The polar bears) dont eat shit. You might have us mistaken for Cramerica bears …
Good day to you Sir!
I am sleeping in the fazmobile tonight.
when it comes it will be fast,you will wake-up and the E-mini will be at 985,then what hold or sell ?