At the close of trade today, I expect to see 10,000 (give or take) apologies emailed to me, from my many detractors aka men of low standing. For months, “The Fly” aka Senor Tropicana has been telling you “we’re going to 10,000.” The same person who brought you “DEATH TO ALL BANKS AND BROKERAGES” and “MAY ALL BEARS DIE SLOWLY,” now brings you “WE’RE GOING TO 10,500, ELSE I WILL SHOOT MYSELF IN THE FACE WITH A HOWITZER.”
There are many similarities between blogging and managing money. For example: most people want to manage money, but, later on, find themselves too stupid to make a living at it. Similarly, lots of people have blogs, but lack the creative fire or passion to make them special. As you know, all too well, Le Fly is a master in the arts of money management and blogging. Many people take wild swings at me, trying to take my crown; but every single one of them miss.
At this stage in the rally, I can only tell you what I am doing: I remain long, with 10% in cash reserves. Thus far, for the day, I sold out of my POSCO (ADR) [[PKX]] position, save a 1,000 share token position, and legged into a 5,000 share lot of Equinix, Inc. [[EQIX]] , north of $97.50.
My top positions include: Flotek Industries, Inc. [[FTK]] , TEKELEC [[TKLC]] , Corning Incorporated [[GLW]] , [[ENTR]] , General Cable Corporation [[BGC]] , Guess?, Inc. [[GES]] , Ceragon Networks Ltd. [[CRNT]] , ADTRAN, Inc. [[ADTN]] , DryShips Inc. [[DRYS]] , Sociedad Quimica y Minera (ADR) [[SQM]] , [[MWW]] , IAC/InterActiveCorp [[IACI]] , Align Technology, Inc. [[ALGN]] , Aracruz Celulose SA (ADR) [[ARA]] , Homex Development Corp. (ADR) [[HXM]] , Teva Pharmaceutical Industries Ltd (ADR) [[TEVA]] , Vimpel-Communications (ADR) [[VIP]] , TriQuint Semiconductor [[TQNT]] , McMoRan Exploration Co. [[MMR]], [[CBD]] and Equinix, Inc. [[EQIX]] .
Now you look at those positions, boy, and tell me what type of day I am having.
[youtube:http://www.youtube.com/watch?v=UtgXus3eiII 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
fig
wtf does fig mean ?
Fly is God (FIG)!
So basically the story goes that brown nosed groupies fall over themselves to say something other than first lol
FIG!
+1000 UUP @ 22.42, starter position.
edit: also sold 2000 AUY @ 12.41, bought 9/8/09 @ 10.55
Not a FTK’d up day?
As I said this morning: I am certain that you are not human.
URRE
Long EQIX with you for the $100 pop
When does the swearing return again?
10,000 or 10,5?
fuck if I know…
10,500. I’ll be cursing in no time at all.
Wow, what a day. I got stuff busting loose everywhere. $NCS is my only real loser atm.
Art kicked down stairs while wearing Dow 10,000 2.0 Hat!
this is why i come here, for stupid profits that you generate and your hilarious banter. my only concern though is what will happen to this blog once THE FLY leaves…… I don’t even waste my time reading the other bloggers….
I will NEVER leave, unless I am called back to my home planet TUPAC.
now THAT is some good news.
I gave up reading other blogs too. Why waste my time.
Not Pat Boone, but not bad.
Now, this one seemed to have gotten eaten up by the aether (sic) in the last posting.
It contains many helpful hints for managing one’s massive, greasy, slippery, super-fecund Treasure Horde.
Like, if you don’t own PAAS, ya better get some, ‘n quick, hear?
__________
Did you repost? I saw it a while ago and read it about 15 min ago. Nice post.
I hear you
Nice ride to 10k v2.0! Wonder if 10,500 be a hold or upwards revision time? GS pushing for the $200 roll tomorrow with earnings.
The wise man sees in the misfortune of others what he should avoid…Join the PPT
Still time to bring INTC negative.
Ten minutes in Tradebot time is a lifetime for a human.
Wasserstein top?
Bruce, RIP.
61, shit.
__________
Here today, gone tomorrow. RIP.
if we stay above 10K tomorrow, I’ll be convinced and throw in 100% long. currently, there’s way too much bullishness around, I’d be happier with a relatively minor pullback.
Yeah I will email you with an apology . When DRYS hits 10 {hopefully in my lifetime} it should be right around the time bats fly out of my ass.
LOL – I’d ask you who shit in your cereal today but obviously it’s all your short positions
Someone has bats in his ass.
There’s bats in his cavernous ass because of all the bears that have been piling in there.
DRYS got some waivers on its debt masterpain.
GS will blow away estimates, up we go.
anyone buying C in AH for the morning?
I’ve already got C out the ass ovah heah, avg cost $4.22.
Don’t you read the Jake’s blog?
_____
We’ve seen this movie before…and it ends badly for all participants. Just remember…stair case up, elevator down. And not that many people can fit in the elevator.
Next levels on the staircase…
S&P500 1,120
DOW 10,300
woo hoo!!
Your tax dollars at work…too bad you need more of them since they lost 25% in value in the last few years.
F.T.S.
Not if you exchanged them for Jacksons, you crying in your beer bearish asshat.
(This type is prevalent on the Lemming Sites. They admonish those who’ve got great gains in inflated dollars that they must be ruefull, as their dollar is “not worth as much,” whilst their OWN “not worth as much dollars” are exchanged for margin calls and stale bread.)
_______
E: Andrea Doria? Isn’t that the one they did the song about?
J: Edmund Fitzgerald…
E: I love Edmund Fitzgerald’s voice.
J: No…Gordon Lightfoot was the singer. Edmund Fitzgerald was the ship.
E: I think Gordon Lightfoot was the boat.
J: [Sarcastic] Yeah, and it was rammed by the Cat Stevens.
YUSUF!!!
Les Grossman is the Fly’s hero
I sould out of my position today of FTK at $2.08. I have loaded my main account with quality longs like CROX and PETS. Great patterns huh? Well, I am about 60% bullish and have shorted gold as my largest position.
This was “not funny” about four days ago.
Why not do Attilla next?
At least he’s surly.
______
On Fast Money during a discussion of when the dow first hit 10k it was mentioned that the song of the day was by the Backstreet Boys ….
Timmy relayed that he was in puberty at the time (that explains it all – so he’s only about 22 yrs old) and not too worry cause he was “holding his own” …..
What a douche bag … kick his dumb ass down an elevator shaft, will ya Fly?
That’s a fuggin lie. He’s older than me, and the Dow didn’t cross 10k til the late 90’s.
He was late thirties at that point, minimum.
eggsactly Jake …. that’s why he’s a dumbass and a douche bag
He’s so slow he thinks he was going through puberty in 2009 … then again maybe he was just behind schedule and he’s still catching up.
I think I’ll continue buying into the bull or buying into the bear. All the while knowing I’m skating on thin ice.
http://www.youtube.com/watch?v=mheRPjt2Qdk
We hit 10,500 I’m buying this out of repo…
http://tinyurl.com/yg4vtov
Gold tank from No Limit Records. Fuck any foolz get in my way.
Wuuurd to your mutha.
Harris Stratex Networks, Inc. (HSTX)
Story to this one?
A Cramer pick ….
While never one of your detractors, congrats on getting the market right. There still seems to be plenty of worry for the market to climb.
Separately, your blog would be greatly improved if you would get your groupies to stop girling all over themselves to be the first to post “FIG”. No one comes here to read lame ass kissers.
Well said Purdy A lot of ass Kissing in here …..I’ve been following this site for a long time . And I can tell you this for a fact ..When the shit hits the fan All the ass kissers Will change . Its reall kind of sad…..
Maybe you just need more beans to count, but I come here FOR the ass kissing.
Now !! Now !! You two guys let the ass kissers do their thing !!
They re a bunch of douchebags anyway but The Fly enjoys
giving them milkshakes treats once in a while !!
Have a beer guys !!
We rally through October…..true story.