On a bad day, like today, why not tell the pizza faces from CNBC to go fuck themselves? After all, they make people nervous all day long, with their fucked up stories and jackass analysis. Whether you are long or short the market, the sentiment is unanimous: fuck CNBC and the mechanical rodeo horse it rides on.
All day long, friends, enemies, website people and a multitude of random fucktards were shitting their pants over today’s decline. They cite the downside volume, coupled with seasonality. They tell tales of calamity, all the while stuffing their fat fucking faces with expensive fish.
Let me tell you something, I didn’t sell anything today, nor did I buy. I don’t dance to the music that you and your homo friends prefer. “The Fly” is football fields ahead of you, with an IQ north of 155 and a market hand as heavy as a lead frying pan.
I close out today’s session, confident in history repeating itself. Certain readings from The PPT tell me we are very close, if not at, the bottom of this recent sell-off. If I am wrong, I will adjust accordingly. If not, it will go down as just another win for Senor Tropicana. And, most of you could just ignore how I nailed the market, yet again, while continuing to trade yourselves into a stupid homo box.
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But the PPT is shouting “SELL! SELL! SELL!”
It’s been screaming SELL. But at these low readings, in the past, The PPT has called market bottoms.
With regards to CNBC,,Well Said!! They spew an endless stream of verbal diarrhea on a daily basis. They influence masses of people, and they are never accountable, whty are they NOT regulated?
mkt is 2 days off recent highs..hardly a meaningful bottom…
are you doubting PPT????
Raewkon? The fly is down with the wu?
Fly lives near a certain Wu member.
go on…Hopefully GZA.
Method
Heard black out 2? Fucking awesome album. Meth is still killing it after all these years.
http://www.youtube.com/watch?v=JnnOfBtxONE
His kids go to same school as mine.
proally some rich private school. enjoy the hamptons YUPPIE.
Catlick school, pagan.
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Last I heard, Method had a place on Staten Island not too far from where he grew up and met the RZA, ODB (RIP), etc.
The Hamptons it ain’t.
Fuggin A right.
…..
It’s BETTER than the Hamptons.
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No doubt. Dated a great girl from there.
She went to a voice coach to lose her accent, tho, when she decided to become a lawyer (litigator).
http://www.youtube.com/watch?v=1hrA9-6o4tI
Let’s not over do things, Jake. We need a sense of perspective at this here blog.
Great find, MX. My gf really had a pretty voice, like a young movie lawyer. But her Mom sounded like a Catholic Fran Drescher.
amen bro.
Who’s watching CNBC anyway, just homo mother fathers…. Nice homo style FLY.
your mother milks my goats
fuck cnbc so hard. i hope a rogue teleprompter bludgeons them all to death.
VIX BTFO
Falling wedge.
http://chart.ly/d4pacw
ALL SHALL PERISH
go eat a burger
Fly have you checked out SLAUGTHERHOUSE? New group…
http://www.youtube.com/watch?v=aZfnZlcFMoc
it’s like there’s bullmode kneale n druglow ( not on while the market is open mind you) and then there’s all Tyler’s automatons. tranny cabrero zags a bit -the rest just mindlessly read off the teleprompter. commercial RE is the nervous money now. I bought more bios like apt, crxx, nvax, dvax, and more sva.
I’m not one to recommend stocks. In this case, however, I’ve been privy to the saga of Gold Resource Corp (GORO), a junior gold miner, via my drinking buddy. His uncle is a geologist at the company. This is one of the few mines he has worked on in his long career that holds the promise of something big. Production will soon be underway.
I have no position in GORO, but I’m seriously considering it. Said drinking buddy has roughly 90,000 shares from $1 when the company issued shares.
http://quotes.barchart.com/quote.asp?sym=goro
Take you, your uncle and your uncle’s drinking buddy’s uncle, and go down the Shore with a sack o’ quarters.
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Take the info for what it’s worth. I’ve known this guy for four years.
I see you’re a tabbed blogger. It looks like you could use a friend and their uncle as readers.
If theyre not full of shit, sure. Next time tell us about your friend’s drunken uncle’s cousin’s brother’s ex wife’s friends “secret pick” BEFORE the stock skyrockets.
Sheesh.
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^^^^
LOL. Must be a tip for the guy with a time machine.
Sorry about not disclosing illegal insider information which I don’t have.
The recent share price increase is due to the fact they now have the permits to proceed with full mine preparation and production. That was holding things up.
Try saying GORO while you’re boyfriend’s dick is in your mouth tonight.
I’ll start posting some “secret picks” under your blog so you can get some readers.
Don’t listen to him dayyyyyyyve.
We’re just glad you’re here trying to pump stocks
instead of back home trying to pump chipmunks
for a change.
Though we really appreciate all the care you take
with our nuts.
I’m sure there are plenty of homo websites for you and your uncle’s drunken cousin’s friend to troll, Dave — why would you choose to plague a stock page?
Now run along back to your Yahoo! shout-board, m’kay?
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Here’s today’s “secret picks” in order of importance
JAKE
GINT
ISAN
ASS
HOLE
Dave, i see you’ve been visiting the outhouse again?
I like ASS.
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Five infamous moments in caddy history.
The video in number one of Woosman tossing his driver because the caddy forgot to take the extra one out (two stroke penalty for more than 14 clubs) is pretty good.
http://blogs.golf.com/flyers/2009/08/five-infamous-caddies.html
love that one.!
This is one of those days when Fly does the blogging equivalent of standing in front of a mirror and tells himself that he’s good enough, smart enough, and gosh darn it people like him!!
Hang in there buddy! If all else fails, you always have your blog.
If you were near me, I’d kick you and your dog into a high voltage fence.
Hey it’s okay, it’s what every good trader needs to do. You need outsized self-confidence to bank outsized gains. The trick is to know when you’re fooling yourself… not getting high on your own farts and such.
Not all was bad, that fucking whore of a stock FTK didn’t go down
Applause please
A teacher in a Detroit Kindergarten class asked her students if they
could tell the class what sound a pig makes..
Little Tyrone stood up and said:
“Up against the wall mother-fucker!”
Good one.
In Detroit the teacher probably gave Tyrone credit for the answer.
The same teacher asked an Italian boy what he was going to get for Christmas.
The kid said, “my dad is giving me a bike and he is keeping it in his pants”.
Confused, the teacher asked him to explain.
The kid said, “well, I asked for a bike last week and my dad grabbed his balls and said I got your fucking bike right here”.
gmail down anyone?
Yup, businesses ready it is. Clouds for everyone.
Yes, down all over… it’s on their idiots blog.
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Go ahead laugh at my aol.com account
Ha!
Back up now, btw.
HE THE FLY !!
If you want to maintain a certain degree of class on this site you should watch your manners once in a while. There again that might not be one of the strong points of your generation !! RIGHT !!!
Here we go. I will stick my balls out when VIX will reach 32. It has been gone up for the last five days from 25 to 29.15.
DAMA I hope you still kept your AIG puts !!. If you have sold them– I WILL KICK YOUR BUTT !!.
KOUCHUU : NO use paying attention to this guy !! He has been eating too many hamburgers lately and……………………..the chemicals are getting to his neurons !!!!
have another sandwich THE FLY !!
that’s much funnier if you read it in an Indian accent (the dot not the feather)
DXO being closed:
http://www.marketwatch.com/story/deutsche-bank-to-redeem-leveraged-oil-etns-2009-09-01?siteid=yhoof2
Which ETF/ETN is next?
UNG?
this is what happens to dipwads…
http://www.youtube.com/watch?v=DVJLK27sdkk
Is that a pop or a spike?
just a surge.
holy shit – the best comment was:
“this happens? every day in india “
Would of never happened if he carried a surge protector.
or a Serge protector!
(VG) cracking in the AH, think they got approved for Apple Apps
thetruthtrader.blogspot.com
Fly,
Your thesis work should include a chart or two don’t ya think?
Not every uptrend is going to hold and those days when they don’t, well, you get today.
It may also help if you turn off CNBC.
Hope you heeded my warning on VION or shorted the pos:
http://www.thestreet.com/_yahoo/story/10592929/1/fda-panel-rejects-vion-leukemia-drug.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
The Fly is God.
I want to take every worthless or strong dollar I own, and every worthless or strong dollar I can borrow from my broker, and leverage it via futures or a long term option, or even better options on futures on one huge fucking foreseeable macroeconomic event. Out of the money LEAPs on the GLD? I hate the idea of paying $1000 for an ounce of gold, but I know wall street will pay twice that if the dollar crumbles. Puts on USD futures? I would lack the conviction to send that order. Sure we owe 11 trillion but we also have the sneakiest bankers, the most corrupt politicians and biggest daisy cutters…Everyone needs a roof over their heads, maybe I’ll bet on residential real estate. How can I leverage that trade, if that’s the trade? People of IBC what would you do if you didn’t care about loosing everything. I’m too young and stupid to see it clearly right now, but I know there is a trade out there that will make me fat Albert rich. I’m 22, I don’t care if I loose every penny.
Wait a minute. You had the gonads to order the knee capping of America’s ice skating sweetheart Janet Kerrigan but you wouldn’t have the conviction to execute puts on the USD? wtfo?
Uh .. Janet?
Her name was MaGill, She called herself Lil, but everyone knew her as Nancy!!!!!!
Silver, physical.
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Did anyone catch the Lenny Dykstra mention on Kudlow? He just lost some bankruptcy court ruling and was the subject of a CNBC ALERT….bro.
Another kick-ass Dykstra article: http://www.cnbc.com/id/32650256
Dykstra also told the judge he has a $12 million offer for the Gretzky home from someone “who runs a hedge fund.” Fly?
This is at least the second time the market seems ready to shit itself, and the PPT ranks brewers as the top industry. How true.
Quite a few of the stocks I watch day-by-day raced ahead of their 50-day MA in the last month. Nothing surprising about that given the surge in the overall market since July. Now a lot of them are very close to touching the MA. Shall be interesting to see if they bounce up and take off again or break down and get FTK’ed. Next couple of days are key.
anybody out there use Street Account for news?
The Fly has it right.. Those talking heads at CNBC need to watch the BNN network in Canada to experience real business television.
I just flew in from Jackson Hole, WY, where I was out of the loop in Grand Teton and Yellowstone National Parks, where the bison still have large balls.
When I got back to my hotel in Jackson last night, I caught Dennis Kneale on CNBC, and was immediately ready to punch a hole in the goddamn TV.
CNBC and that blog-hating fag-faced ballsucker, along with the rest of those fu-ks talking down stocks when the market takes a little hit, really frosts my fuck-n’ balls.
CNBC, a/k/a: Wall Street cocksu-kers.
That Kneale has it out for iBC, no question about it.
They are shitting in their pants about losing market share to a better way of getting your market news from a “little guy” on the “internets”.
They are OVER and don’t even know it yet!
Buh bye!
Most Discussed [ING]
Sinovac Biotech Ltd (SVA)
Dynavax Technologies Corp (DVAX)
Vonage Holdings Corp (VG)
Finisar Corporation (FNSR)
China Fire & Security Group Inc (CFSG)
Western Refining Inc (WNR)
Oculus Innovative Sciences Inc (OCLS)
Satyam Computer Services Ltd (SAY)
Royal Caribbean Cruises Ltd (RCL)
What a portfolio!
The PPT must be discussing good shorts …
I recently read the US market was trading at around 17 times vs its historical average of 15 which showed the averages were a little on the expensive side. That perhaps may be right however I’m not exactly certain how that plays out when rates are to all intents and purpose zero nominally and negative on longer term inflation based expectations.
look I may be wrong on this but I can’t help thinking that Fuckheads like Tudor- Jones is talking the market down to support his positions. The market can head lower of course, but I really don’t think it’s going to be a crash. I seems to me that the idea we’re going down in Sept has spooked a lot of people and fuckheads like Tudor Jones and his other buddy- Louis Bacon may be setting this up by hitting the averages at the beginning of the month in an attempt to get the trend rolling. I’ve seen both those fuckers work the currencies that way in tandem in earlier times.
The sack of shit Tudor always has a purpose. He hardly ever speaks to the press about his views or positions these days, so for him to suddenly come out becoming all sage like makes do two things: reach for the bucket and suspect his motives. I hope he gets his dick removed with a soldering iron and it’s not because i would lose money either. I can’t stand the fucker’s ethics. Alley cats show better ethics than either him or his other buddy.
j – funny you say that about Jones. I thought it interesting his 1980’s Trader video started popping up a few weeks ago. What better way to get some buzz before pulling this.
It’s funny how the traders who are up substantially for the year are the ones getting poked at by the junior bear cubs.
There is only one thing that matters: P/L. I’d like to know how much the cubs are up for the year.
Yogi
Wasn’t that video appalling? Seriously if I saw that sort of shit and I was his client I’d pull my money out even now.
The frigging goose was tracking daily swings from the 30’s, overlaying that swill to the 80’s and devising a trading strategy from there for each day. And wasn’t his rant about having found the holy grail of trading hysterical?
No wonder he wants the video under raps as everyone is embarrassed for him
Now the fucker is trying to spook the market into going down by offering his “views”. The market could very well go down however his tactics are really questionable, as if they weren’t before.
As far as I’m concerned he owes me a lot of money in lost bonus by the way he used to trade and fuck the spot desks by telling people he was trading the full amount when he wasn’t
The creep.
And no, the Robin hood Foundation won’t make into a better dude as that’s all show pony shtick as he’s trying to impress the nobility about what a wonderful caring fuck he is. Yea right.
If he was fucking you, why did anyone pick up the phone for his house? Why not make him a pariah?
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Also, not to be argumentative, but I always take a “don’t look a gift horse in the mouth” attitude towards charity, especially personal charity. If giving away a lot of time and money to put Bed-Stuy kids through college makes him feel like a good guy, I say “God bless.”
That respite to personal pride is a hell of a lot better, imho, than getting your jollies out of taking OTHER people’s money to make yourself feel better about yourself.
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Sure i know the charity side is important and shouldn’t be put down that way.
He just irks the shit of me.
You couldn’t pick up the phone as the I-banks were all enthralled with doing volume for volume sakes and if the sales guys put pressure on the management at the time you have to do the business. The douchebag knew that of course and took advantage just fucking the trader prison style and then would lie that it was his full amount. If you complained or even asked if was the full amount his desk would stop trading with you and you’d end up getting shit from the piss weak sales desk. A couple of weeks later he do a reasonable trade (little profit) and then fuck you on the next one. And the whole thing would be repeated like bad fast food . He’d even hit futures and then say it was a different market and shouldn’t affect the cash market.
He set up his execution desk as a separate profit center and took pips on trades if it was interbank or charge expensive futures commish and receive volume discounts etc from the big house making it a license to print money.
I despise the prick . Don’t get me started.
the implosion of the fun ride of small biotechs is upon us…watch closely as penny bull tards become toll takers on the road to Fuckville.
I fear you shall be sorely disappointed again today.
(Come to the Dark Side, Luke)*
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*(in this case, “the Dark Side” being bulltardland.)
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Cash way from your unnatural views about Goldman being the devil incarnate what are you thinking about this market?
J..good morning…GS is probably already quite short themselves..(odd huh)..I was early to get short last week and half..so I was wrong short term-although the crash of AIG, and swift decline last 2 days have erased all losses.
I think all rallies can be shorted here.
and now for something completely different ……….
knudge knudge, know what I mean?
Your wife? Does she go? Know what I mean, nudge nudge?
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Artist;
Tim is on seventh heaven at the moment. His head is so big over this move down that he won’t be able to get through the front door.
it’s funny how some people are. The market can only go in one of two directions, and the people who keep warning others of a certain reverse direction make me laugh…….
If today is red I predict he will start talking about how he’s made it back to flat for the year. Beware of the blogger that claims he is more comfortable trading futures in the middle of the night.
Stuffed pockets with DVAX under 1.70
Yep, you’re right. Even a 10 point red will tip him back and a flat week will mean he’s up for the year.
He’d be silly to try that though simply because he told us that he only lost 15% since March. It would add up
oops
Wouldn’t add up.
BIDZ bought @ 3.43
PPT find. Seems to be working.
could return 25% from here IMO.
looks like a decent little find there Henry, however it’s really micro cap and hard to get out of it.
Fly’s Fiah-works (sic) Emporium
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KV.A
Giddyup. Going to 8 again.
In at 3.50
OCLS trying to get going…
WNR SUX!!!!!!!!!!!
UNG below 10. Ouch!! That thing is a train-wreck!
hehehe, i shorted WNR at around flys buy price at 6.48, he bought 10,000 shares and i shored 10,000 shares at the same price…thanks for the chump changeeeeeeeeeeeeee, i mean for the TEN THOUSAND dollars….
still short, thanks fly!