My email box is flooded with apology notes, written by halphazard bastards who doubted me. These creatures of the night were throwing coleslaw at me, no more than 1 week ago. Yet, today, they find themselves groveling for forgiveness at the feet of “Le Fly,” grasping onto my robe, pleading for help. I do not accept apologies, small men of the web. I warned you about betting against me, yet you chose to ignore the prophecy. Emphatically, I pointed to an instrument of mathematical precision, The PPT, which called another short term bottom in equities to the exact day, yet again. And, amusingly enough, you laughed at me.
You laughed, while stuffing your big fat faces with 80% hamburgers, on the way to your local cardiologist for emergency heart surgery. You laughed, while “The Fly” struggled, in the trenches, knocking off one mustache to the next. Finally, you laughed, while your head got smashed in with a claw-hammer doused with mustard.
There is a lesson to be had, good people of the interwebs; and I am here to teach it. I do it through wit and charm, with a little sarcasm and outright “round the bend” demeanor about me. In time, you will learn to respect me, else feel the wrath of my claw-hammer against your little pebble sized brain.
In short: “The Fly” wins again.
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Well yes, all those silly fcukers who laughed when you bought AMD at 3.97and it fell to 3.50 on earnings. It closed today at 5.21$
Fuck ’em all, but then you don’t need to me tell you that.
The Fly still holds AMD?
As I suspected, the Fly sold out of AMD on 8/11.
Something about holding AMD and selling FTK comes to mind but excluding hindsight, I would have tossed them both long ago.
The fucker said he was keeping AMD for 3 months! 🙂
prostrations.
Fly, today your picks had me checking cheddar like a food inspector.
Juice, +1 for quoting Jay-Z in a non contrived way.
I prefer the 80% meat, keeps me sedentary while riding IBC coattails to fortunes.
Cheers!
Edit: Gratz to the fellow pointing out the TLB squeez.
If people did really send you an apology then ….. I guess they are even more pathetic then I though they were
Fly,
STAR is on a tear, ~20% in a week. What is your price target?
50
Fly, may I humbly ask your WNR target?
7
Did he who shall not be named (hint-motorcycle douche), send an apology?
Check who is a fan of Le Fly
http://blogues.cyberpresse.ca/lapresseaffaires/dufour/
That must be that French blogger you are so keen to sign on
Yes, the ONLY one that even came close to signing on.
Who is that?
The French Richard Dryfuss?
Almost as good as Jerry Lewis.
Fly,
I’ve look through Dufour’s blog for a mention of your blog but i couldn’t find anything.
anyway… no disrespect… but I need to sabotage the spreading of your empire to the french canadian masses. I don’t want to lose my status as the token quebecois around here. There was some douchebag a couple weeks ago and thank god he left to never return. let’s keep it that way shall oui. oui?
value in rarity…
That makes 2 of us. Rarity is ok with me. I think you’ll find ‘TheFly’ on the ‘Liens favoris’ list of links.
I thought the two Canuckistanians who haunt my blog were both Quebecois?
If not, they are seriously in need of explaining themselves.
Also, there is a third who is not a haunt, but a good guy, and he links pics and vids of hot Montreal belles.
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look at his blogroll aka “favs”
Jake .. u see this…? kind of interesting
Barrick Gold announces plan to eliminate gold hedges (39.31 -0.74)
Co announces that it has entered into an agreement with a syndicate of underwriters for a bought deal public offering for gross proceeds of approximately $3.0 bln representing 81.2 mln common shares of Barrick at a price of $36.95 per share. Barrick intends to use $1.9 bln of the net proceeds to eliminate all of its fixed priced (non-participating) gold contracts within the next 12 months and approximately $1.0 bln to eliminate a portion of its floating spot price (fully participating) gold contracts (the “Floating Contracts”). A $5.6 bln charge to earnings will be recorded in the third quarter as a result of a change in accounting treatment for the contracts.
The Chinese Government has requested commodities, iron lung. All of their American-based restaurants named Golden Wok and Golden Dragon were the tell that they would be dumping dollars for commodities.
I cannot believe that Barrick was still hedging. I thought they’d done away w. their hedges years ago.
Still, now you know why I NEVER mention their idiot names on my blog.
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Haphazard.
As in, FAZ holders are now like terrified raccoons cornered in the garage by The Fly with a flashlight and garden hose, ready to douse the vermin and dispel the trash that has been haphazardly picked through. The shrieks will be silenced. All of them.
outta my FAS position,banken some coin
Wow, I can’t belived I missed that spelling error. What a fucking moron I am.
It’s bogus – I don’t belive it either.
So THOSE bastards stole my coleslaw!!
some more Gold news… looks like UBS downgrades IAMGOLD (IAG) tonight…
Trust the Swiss.
Yup.
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i am in the process of building the largest directional position of the year. short precious metals. 1/4 position in place today. i believe there will be some serious ‘support’ coming to the dollar shortly by the market’s only players; GS and the FED.
have shitload of september calls to cushion if it goes against me.
tried this play with options couple of months ago and what started with a 30% got stopped at ~30% loss. time to give it a shot again with a little more conviction. glta
might not be the right time of the year to try to do that
Perhaps you haven’t noticed the quantitative easing that has been in high gear since last August; or the stimulus package; or that it’s nearly the holidays; but it may be quicker to convert your life’s savings to single dollar bills, eat them, and then choke to death.
lol.
i might or probably would short gold if the FED raised interest rates…options scare me since i know little about them so i would use DZZ to short it
Lend me you ears motherfucker, and I ain’t talkin about making a Viet Cong necklace. The Fed has things under control with their interest payment program on banks’ excess reserves. See, the Fed borrows excess reserves cash from banks, pays interest payments (Fed Funds rates 25bps) to the banks and buys assets (MBS etc.) that yield higher returns. If they raise short term rates, then they kill the spread they obtain from lending and borrowing.
Fight the trend. Sounds like a good idea.
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…i heard you shot your old lady down
What?
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Maybe Jimi should have titled it, “Hey Jake.”
Ah…. gotcha.
I go to Africa and dick around for a few weeks and I come back and I am STILL dropped to the footer of your website when I want to read the comments.
Usability?
50th Law – http://www.cnbc.com/id/15840232?play=1&video=1245955883
I just hope he doesn’t go the way of the Dykstra after the Cramer plug.
nah.. he might have a bit of the dykstra slur.. but dont get fooled. 50cent knows his shit.
yo this is a longshot, but do you remember the movie clip fly used to post of the baseball player bench pressing, spreading wisdom?
spreading wisdom on the reg
KENNY POWERS
tsys to much insider selling going own, if it were all that, wouldn’t they be buying not selling, and there hasn’t been a large run up in the stock so we know they are not profit taking, Just curious what you see in this one. hero- breaks through 5 smackers before the end on the week I agree.
CREE took a giant steaming dump on my head tonight. Probably good in the long run, but not good for my Sep options.
Tomato sauce will help take care of the smell.
Tomato juice??
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Only if you’re also making a Bloody Mary.
And if you do, don’t get pulled over on the PCH – this steaming dump/vodka/tomato juice thing is a combo that is sure to confuse and frighten the local constabulary.
BELIVE IT!
I belive you ride awfully close to the skirt edge of your very own little PCH of Sanity, my friend.
Awfully close.
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ROME!!!
probably the best television series made in the last 20 years…
I heard it was stopped because it cost too much. … for a brit show… this need to be Americanized and taken to another level. Do not be afraid of getting into debt for art sake. there’s still tonnes of historical material to explore…
coulda.. woulda…
mr cain thaler said
“but it may be quicker to convert your life’s savings to single dollar bills, eat them, and then choke to death.”
why the fuck would you say this to someone you dont know? why such hostility? have I fucked your wife not knowing she was the wife of some white trailer trash?
Brilliant reply.
Good luck with your remaining positions.
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BEEP BEEP BEEP BEEP BEEP
It was a seriously excellent reply.
Have fun taking the other side of a profitable trade.
What are you, the dimbot’s uncle?
He said he’s already down 30% shooting himself in the foot the first time. I hope you’ve got his college tuition handy.
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It’s a dumb trade, yes that’s what I said.
Not sure where the confusion is.
Brooklyn money manager was arrested on Tuesday and charged with swindling hundreds of investors, including many retirees, out of $40 million in what prosecutors called a “classic Ponzi scheme” dating to the 1970s.
Officials said the money manager, Philip Barry, put some of the money into real estate investments that did not pan out and some into a pornography business.
But of course. Eventually we’d end with a Ponzi schemer putting money into porn. That goes without saying as after all it is America.
Porn at least is a solid return bidness. Real estate, not so much.
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Unless you’re Belladonna starring in, “My Ass is Haunted.” She allocated a Louisville Slugger into her hard assets and hasn’t seen a solid return yet.
Ow.
Callou Callay — actual eyewitness report of my battle with the Fed and it’s nasty string of rolled up, choking dollars.
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Some late night Citi credit card things:
MasterCard Inc. (MA)
Upgrading to a Hold; target to $209 (from $172) Consumer Spending To Remain Weak, Yet The Negative Adjustment Has Taken Place
Upgrade — We are upgrading MA to a Hold (2H) from Sell (3H) as signs of stabilization in US/Global economies simply make us less bearish. While we still remain concerned about weak US spending and believe there is a secular trend towards less consumption, we believe the big negative adj in purchase vol’s has happened. Following our card industry report published today, we are continuing to get more positive on the outlook for the sector, which further builds on our Aug 6th upgrade to Buy on AXP and today’s COF upgrade to Buy…
Capital One Financial Corp. (COF) Upgrade to Buy; Target to $44 from $28
Card’s Stabilizing & Bank Credit Is Manageable
Upgrade — We are upgrading COF to a Buy (1H) from a Hold (2H) on our view that the credit cycle has begun to recover for US credit cards (60% of net revs) and an improving US economy will support Local Bank credit stabilization in ‘10. This rating change is consistent with our more positive view on financials…