You grizzled bastards are rejoicing today. I know it. I can smell it. But before you go about, all gay and stupid, just know: I am still winning.
An exercise in simple mathematics, shall we?
We shall.
Investor A steps into the market and buys $100k worth of Idiot Corp., @ $2.35. Much to Investor A’s chagrin, Idiot Corp. misses estimates (shocker), sending shares spiraling lower, down to $1.22. Unfortunately, because of the decline, Investor A lost—on paper—$48,081 for the day. The good news, it only represented 6% of his overall holdings. Away from the world of Idiot Corp., Investor A has $1.7 million in the market and his other stocks were up about 1% for the day. In total, he lost a mere 2% for the day.
Always remember, I am not as stupid as you and I do not hang out with the morons that you think are “smart.” My losses make me harder and stronger, which ultimately leads to bigger and better wins.
Life is all about winning, even in terribly dire losing situations, good Sirs.
Top picks: U.S. Global Investors, Inc. [[GROW]] , W.W. Grainger, Inc. [[GWW]] , Bio-Rad Laboratories, Inc. [[BIO]] , Ciena Corporation [[CIEN]]
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Holding onto Idiot Corp, eh?
shut your face you mongrol
I’m not bashing, I was simply asking if you plan to hold FTK. It was your nick-name, not mine.
I kind of doubt he was using exact numbers on total holdings in an open blog.
Anyways, one could have over 100K dollars of Idiot corp and be down 48K today. Personally, I mitigated my losses in the imaginary Idiot corp. by doubling down with purchases at 1.24 and 1.19 (lowering my cost basis to around 1.50) and the POS ended the day at 1.28. And other crap was up (other and crap are also not exact amounts) so while the day was painful it was not let’s jump out a window type pain.
1.7? thought u were a player
it’s a “simple mathematical exercise” you jackass
pdf,
Fly can defend himself, but I think you’re confusing his personal holdings and his professionally managed funds. He may manage exponentially more than what his personal equity holdings might be. Beyond that, who cares?
I just put a flat number up, $100k.
The only similarity to me is the percentages, which are accurate.
SAT question.
So pdf, what do you have in the market?
That’s what I thought.
no response or a ridiculous lie
You seem to have forgotten about the 60% cash…and if you really think he is going to tell you exactly how much he has, then you are even dumber than you look Adobe.
Should’ve put up some ‘Ye for the song…say, “Stronger:”
http://www.youtube.com/watch?v=3jzSh_MLNcY
“Now that that don’t kill me
Can only make me stronger”
Where is the V King post???
Now, to complete a wonderful day DRYS is kicking me in the head in AH.
Repost:
Too many PO’s coming lately … how much can the market absorb?
DRYS, EMS and TEN announce after market close.
Hell…. I thought trading decisions were all about Rock-Paper-Scissors.
Does investor A impress the ladies with the numbers he tells them?
Once SQM gets over that 40-hump, I tell you, it could go on a banana run.
I believe that’s called a $39 rollski.
Prez ….I’d paypal you $5 if you could spell the Corporate Name for SQM without looking.
Playing the $29 rollski with IPI … peeled off 2 pts today and looking for more.
SQM’s 61.8% fib line is right around $40.40, to be exact.
_____
Getting closer…
Closer…
You are off a turkey feather on that calculation. $100K would buy 42,553 whole shares, no fractionals. Therefore, taking the difference of $1.13 multiplied by 42,553 shares, equates to a $48084.89 loss. But who really gives a cockgobble, it’s only on paper.
Happy Birthday Gordon Lightfoot.
http://www.youtube.com/watch?v=Q0DqPSF2fyo
Happy Birthday to my Big Boy.
_____
Carnal Decay – http://www.youtube.com/watch?v=PLyTrsk1Ey8
Why are you falling into the old stock guru trap?
How to be a stock guru #1: Hold many positions. When you win, remind everyone about position. When you lose, stress position sizing or hide.
I wish you would post an equity curve. It would save a lot of explaining on days like today.
Why don’t you post an equity curve, then your request will be considered. Well, maybe not
Big selling by retailer insiders going into the holiday season. I wonder why?? didn’t Cramer say reatilers were a buy? Or maybe I heard him wrong
Moe:
What positive economics news have you read since March or has every single stat pointing to a better economy been a lie and only bad stats etc are the truth?
Geewiz … I hear the insiders have been selling since March. Damn it I should have listened to them 6 months ago …
Insiders never make good traders. Its not to say they make bad investors either. I don’t think ANY insider saw the uptick coming as the way it has. Things are not ending as once predicted (Maybe not till 2012 anyways). Most people are still shit scared on whats going to happen next. Everyone thinks that unemployment is gonna kill us but what no one understands is that the wage differentiation over the last 9 years has gone through the roof. The rich are richer and are smart enough to know that they need to invest here while fed will achieve inflation at any cost. Don’t for a second think that employment picture aint going to get better. It will, even though we dont have a huge manufacturing base left, the american consumer cant save. They will spend and spend on crappy services that will employ people. What you will then be missing on is that even though the “unemployment” rate is low, those folks are just not earning as enough. But of course a few will be making more than ever. After a while its about the money in circulation and the amount being spent than the amount of people spending it.
Your friendly bearly brother
Panda Bear
J…exactly.
Read this, it will do you good.
http://online.wsj.com/article/SB10001424052748703811604574533680037778184.html?mod=WSJ_hpp_LEFTTopStories
A day of harvest, a day of celebration, a day bittersweet.
_________
Gentle reader
I post 3-4 times per day, discussing everything from snacks to asset allocation. These things you speak of, I already discussed. My position size rarely eclipses 10%. I have always made people aware of my diversifaction, especially on the ppt, where all of my positions are posted.
I guess my point is that is sounds defensive on down days, and there’s no need to be given the performance. BTW, are % allocations posted on PPT?
Now kindly go drown yourself in a vat of pig vomit
Your posts are entertaining, but your taste in music sucks.
Gentle
If I come off as defensive, it is not my intention. I am just venting my frustration regarding my stupidity. I never try to impress anyone. I aim for personal perfection and when it does not happen, I get teed off.
was today a down day ??? i hadnt noticed..
I lost my shirt on Idiot corp.
for you chart lovers, this chart has some implications; http://content.screencast.com/users/chartwiz/folders/Jing/media/c64f26b8-5cdd-4f06-a41a-499509737755/2009-11-17_1754.png
And what’s the implication?
Gobbledygook, gobbledygook, squiggly line?
Oh, I see.
If you told me that in March, I might listen more closely. I never pick tops, and I never pick bottoms…
with a PPT membership, how often do you post trades? and are they daytrades, swingtrades, or LT?
I do not day trade, but invest. I post them immediately, no delay. But, there is a whole community of active traders/investors leaving notes all day
With PPT the FLY could follow FTK into death, never post again and the site will make money. I never pay any attention to what others are doing on the site. I just use the tools and my win loss is better with bigger gains and smaller losses. But, remember the PPT is for closers only.
FTK at a new low. Fuck you fly and your bullshit global economic recovery.
your mother is a goat
Unfortunately, your portfolio is at a new low, rather than just one position.
The return of Devildog presages new highs for FTK and a cow-cum regional economic growth.
Dog:
How’s FAZ “working for ya?”
Within the next dollar down that FTK is going to be a great buy.
I keep thinking about buying it and thank god I talked myslef into buying POT calls yesterday instead (on a lark).
On a day where we had 3 of the 4 horsemen get downgraded (AAPL & AMZN at Needham, RIMM at B/oM) we see Goldman tonight raise their target on BIDU to $500 ! (and SINA to $51)
ADI Analog Devices also added to Conviction Buy List at Goldman Sachs
SII & PHM upgraded to Buy at Citi tonight as well.
well at least you didn’t buy at 2.40 there were a couple trades there in the last 3 months.
Big question is are you holding?
Yes, still holding
Fly,
It is your attention to every single percent that has kept you an extrodinary investor. Good day sir.
In other stupid news supporting the demise of America premise:
According to a new 20-year study released by the United Health Foundation, obesity is poised to become the No. 1 health problem over the next few years. If current trends are not curbed, the study says, more than 43 percent of U.S. citizens will be classified as “obese” by the year 2018.
when a being becomes hard, it is becoming old
Wow, check out the Cramer bounce in DE.