You might want to reconsider that line of thinking.
Top pick: Jarden Corporation [[JAH]]
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Joined Nov 10, 2007
23,443 Blog Posts
Markets closed monday – pres day
Futures market is open and European markets too. Just means we get that much more of a GIGANTIC gap up Tuesday.
A morning gap up is usually a bad thing….better to be either flat and move up or gap down and be bought
We’re going on a bear hunt!
MUAHAHAHAHAHAHAAA!… BEARS R TOAST!… GET READY FOR MUTAUL FUND MONDAY MELT-UP!
I would hate to be 75% short right now. Very milkshake-like if you ask me.
Still betting agianst you, but blew out of Feb put positions today, so only longer-term exposure on right now.
I will say this, I do believe we will have a strong move next week and I now believe we are 50/50 in terms of direction. Earlier in the week I would’ve put it closer to 80/20 we were going down, so I am a little unsettled.
With that said, I remain short until we cross and hold over 1100(ish)…if that happens I will consider flipping to the positive ahead of schedule.
choo chew gums his food buffett hoping that he can unload copious shares on the pension funds by sliming his way into the SnP. The man is a walking cadaver and he still can’t stop stealing.
JDSU up 6+% today.. Party like it’s 1999!!
What the fuck is all this “Buy Dis Buy Dat Buy Buy Buy” shit, Fly? Don’t you EVER sell anything?
I just sold 75% of my CMI position in recent days, which was a big position of mine. I also sold out of WBD today. I sell all the time. You just don’t pay attention.
No reason to sell until at least 3 Fed rate hikes (3 jumps and a tumble rule), and with Helicopter Ben at the control it may be several years before we see even 1 rate hike. BUY BUY BUY! Selling is for burlap wearing morons. When the Fed is handing out Bernanke puts that protect you against a loss that is free money. If I see free money on the ground I pick it up. 🙂
NUE for stock pick of the year
why NUE as your top pick? I wonder if SD is still fly’s top pick?
Recent buys here doing well:
USG @ $12.02 (Housing play … Good enough for Buffet, good enough for me)
ATPG @ $14.21 (Thnx Fly … missed this the 1st time, not this time thanks to your post)
CHU @ $10.98 (Cheap Apple/China play)
Some PM exposure added too via IAG, FRG & MVG …. looking to add ANV, PAAS & SLW on any dip
Trying out a gravatar ….
resized …
Not happening ….. sheeet!
one more try ^
Success!
Fly,
Your recommended reading page has a flaw on it. I can’t load the page.. IE says it needs to restore it, then loads a default IE page saying it can’t restore it blah blah…
whats the deal?
Fly, a little tip about oshkosh manufacturing-they got the army contract. 3.5billion conrtact. Bae in sealy texas is doomed. Will ahut plant down in future months.
Learn what the Shift Key does, Dipshitz.
not betting against you just playn poker.. i will stack off (shove all in ) at my leisure
Looks like MVIS has their shipment to Uniden/Mint:
http://img70.yfrog.com/i/qsm.jpg/
Movie Trivia:
In the movie 2012 at approx. 1:27:27, it is obvious that the guy’s hot Asian wife has puffy nipples IMO.
I am up 4% for the year and have no hedges. Get back to me in another month or so and see how i am doing.
recommended reading, fly, recommended reading….!!!!!
Yes I’m betting against you. Next week you going to wish you had liquidated all your positions. And that you never had written all these “buy” crap
there have been points in my trading where a losing position comes back to break even and i knew i should sell. The Fly is exactly at that point. He is too confident long wen the market already shook the shit out of him, and is saying “ok heres one more shot to give me back my stock” and he is an idiot cuz he is not.. I’ve been telling you to sell for 2 weeks now.. get ready to get fried in fuckery!
ever hear of hedging ??? wouldnt surprise me if the fly practices that art …as an aside; im pretty sure if fly wanted your opinion (and i know for a fact he would rather pick up the trash from his neighbors lawn first ) he would ask…his not asking you leads to my conclusion that you are and always will be irrelevant …
what are you basing your opinion on
the newsbot is haulin ass
RIMM asscheeks gap fill coming
PPT members go check out the new sneak peek into PPT 2.0: Seasonality Engine.
Seasonality engine is aces up. Huge decision driver worth the price of the PPT in itself.
Look for Jacksonian analysis preview on my blog soon. March is looking VERY good.
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the collaspe of the euro or theattempt to cover it up wont be good
and just the thought of all those countrys trying to get back to their own currency could take some time
or the world goes to the use of 1 currency….and you know the rumbling that will occur then
The world has one currency. It’s called Gold. The problems we have today are because we dropped the Gold standard. We will eventually go back to a Gold backed currency. In the meantime, we need to have some nice market swings and everyone needs to go to war. Grab yer guns.
cant argue with that …and with gold becoming illegal to own and dropping to $35.00 oz govts will buy it all …then raise the price back to $1,000.00 where somebody will buy it back
Arch, calm down and take your meds. This has nothing to do with some government plan to takeover your “rights” by manipulating the markets in order to steal your stash. Gold will not become illegal to own.
i dont own gold..i own to much free time right now…and i watched the guns of navarone last night..but i have a point ….
I can make the same argument. A few bad weeks does not make a trend. The market has been up for 11 months, yet you base your decisions on a 8% pullback. Think about it.
Moreover, quit waiting for a crash, dipshit. Black swan events, by definition, are rare. You missed 2008. Get over it.
Btw: i nailed 2008. Ask around.
I nailed 2008 as well. And I am sure you will come around to the dark side soon enough. I agree, Black Swan events are rare by their very nature. The problem is that when a black swan event is not dealt with by corrective policy adjustments, the likelihood of another black swan rises dramatically.
The government did nothing other than to pump liquidity into the system. This additional liquidity has not made an impact on the economy of main street, instead it was used to pump over bloated, highly indebted companies up. The banks, real estate companies, miners, retailers, all of them have been hoarding the excess cash. This liquidity has not helped average people buy crap. While Main Street continues its slow burn, Wall Street enjoys the lavish luxuries of pre-Lehman.
The government now needs to re-assure Main Street that it “cares” about them. A new stimulus focusing on “the people” will be the agenda. Wall Street will detest this new plan. And they will whine and throw a tantrum by threatening to have a double dip.
So, we shall see over the next month, who was right.
BTW: my name is FIG for a reason. I respect your opinion, and find you very insightful on the markets. Your bankroll is considerably larger than mine, and therefore I would expect you to take longer than I do to change your bias.
Another important thing to note. The EU is a fucking joke. European countries are not interested in working together. Europe still hates Germany, and Germany still wants to fuck everyone over for beating them in WW2. Germany will not bail out anyone without taking full authority over the country. Greeks are dark haired, dark skinned, Orthodox Christians. Germans look down on them and don’t give a shit what happens. Unless Greece decides to make German its official language, and sends its tax income to Berlin, they will be left to rot.
FIG: “BTW: my name is FIG for a reason”
Because you work at the Florida Institute for Girls?
I agree with your assessment (that Greece is be mostly left to fend for itself) but not with your reasoning re: skin colour and Germans hating Orthodox Christians.
However, just as a loose comparison, would the US gov let California go to the wall even given its problems? Probably not. So, assuming that Germany and France believe in the Euro, they would want to try and minimise Greece’s impact. Germany, France and (perhaps surprisingly) Portugal have pretty large Gold deposits.
Spain and (in the last decade) the UK do not. Our deficits are huge too. I think its more likely that the GBP hits the deck before the Euro, unless Spain kills the Euro.
mmmm, think I might change my mind and say France and Germany will save Greece. Spain will feck it up and Britian will have to decide whether to step in a risk everything on red and pile into the Euro.
But I know very little about a very little (as proven above).
Lol
We will never go back to gold standard. You are fucking nuts. There is no mechanism that will ever allow that to happen. Plus anyway, what is gold, really?
The euro is not on the verge of collapse, not even close
doesnt have to collapse…but they can change the nature of their relationship and dissolve..so my ? if they dissolve then what happens
We will never go back to a gold standard until it is our only choice. We will go back to a gold standard or some other metal standard when all trust in the currency is destroyed after the collapse of all dollar based fiat currencies.
This discussion has nothing to do with the price of stocks today however, and I don’t see much reason to discuss it on this forum.
That is of course up to you though.
has everything to do with stocks, seems the unrest overseas has inspired a sell off..causing money problems..and their is some talk about a single currency ..but in the very near term, when these countries start sayn fuck you —no fuck you and the euro becomes extinct..what are the possible outcomes??the euro isnt that old more like a trial period…is their a worldwide agreement that the euro remains no matter what??
Gold is money, of course.
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Arch
Lets ve real. The market has not sold off that much. Chill out And find the trade in front of you, not the one you want
Yes, Arch.
Let’s eat veal.
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I continue to bet against you. The market has topped. You may have a few good days, but I highly doubt we get over the 100 Day Moving Average. I am not interested in taking a short term bet into the face of a second dip. The bias of the market has changed in my opinion. A few up days doesn’t make a trend. I am nearly fully locked and loaded for “Market Sell-off Shock and Awe – The Sequel.” I am actually hoping for a chance to get in right around 1100 on the S&P.
When is the last time you all missed a meal.
When I hear did the stimulas help.
You would have to be a blind lizard
To say no.
with the total collaspe of the EURO and those countrys reverting back to their stone currency i would assume those stock markets would cease to exist..would that be a correct assumption ????? and if that would happen i would assume ours would be devestated ….would i be correct in that assumption ????? and if the world markets collaspe would i be correct in assuming that nobody trusts anybody ????? would i be correct to assume that all monies in these markets would mysteriously disappear in a 60 second type fashion with no explanation?????
Its confusing when you have so many aliases. Dr. Fly, the fly, Le Fly…
TYH would be it ..but
this is what happens when theres no sunday football