After all of my selling, Nucor Corporation [[NUE]] is my biggest position left standing, followed by Flotek Industries, Inc. [[FTK]] . It is killing me, just sitting here watching shit fly off the shelves. I am tempted to go “full retard” long this market, while drinking Monster Energy soda out of diamond encrusted chalices—kicking old men in wheelchairs down idle elevator shafts. However, I have a plan and must stick to it, else I am nothing more than a “Think or Sink” investor.
Swiss Francs are oversold, via [[FXF]] . I don’t give a shit how much those Swiss fuckers sell. That currency is due for a bounce.
Oil is looking dreamy. My largest position in the space is Petroleo Brasileiro SA (ADR) [[PBR]] .
For the year, I am up a little more than 8%. My goal is to return 20%, year in, year out. It’s important to remember, we’re in February, assholes. Relax, chill the fuck out and go eat a bag of pork rinds.
UPDATE: Bull vs. Bears
[youtube:http://www.youtube.com/watch?v=L_BCfTUTEyg 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
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This vid pretty much sums it up…bull raping on the bears
http://www.youtube.com/watch?v=0S6xdSJzmIY
Maybe I should have followed my lead trend following tool, which would have had me in here today. However, I’m still waiting for a pull back. Still sticking to plan also.
no reason to be 100% cash. You should have some skin in the game.
Thanks Fly,
I appreciate any advice you can give this novice.
My other two trend following, albeit delayed, signals tools just clicked in a buy signal a second ago.
I’ll go up to 50% port with some oil (enpix) and s&p.
May 2013
Sorry. The world ends December of 2012 from what I hear.
“fxf is oversold and due for a bounce”
funny how your previous post was all about chart bullshit
Having an oversold condition has nothing to do with charts.
Hey Idiot – he didn’t mention anything about a chart. I am still amazed with how much valuable time “The Fly” wastes on jealous ungrateful mouth-breathers.
LOL – I start my comment to Mr. PM… get distracted by my trading screen for 5 minutes and Fly beats me to the punch. Guess I shouldn’t be surprised.
of course oversold has something to do with charts- all chart reading it movement away from or towards a point of reference, expansion or contraction. im no neophyte w/ 40 indicators and a 100 trendlines drawn all over the place.
im no fundy expert- why i read bloggers like u fly- u serve ur purpose besides ur frat boy humor. i use smart people like you to identify a few themes in play and im usually trading those in my long term and short term accounts.
all your pe’s, revenue, debt ratio’s etc plus all econ numbers are ‘chartable’ btw.
reminds me of cramer – has railed on ‘chart readers’ the same- but then of course he religiously has been reading goldman slacks helen meisner technician for decades and in his confessions of an addict- he reveals his rockstar wife trader was a big chart reader – not to mention his beloved ‘oscillator’ where he overlevered quadrupled down over his bp w/ his prime broker gs during the 94 whoosh to save his fund thinking they wouldnt have time to shut him off.
Hey Adobe –
Everything can be charted in some way… just a way of telling a story visually. We all use charts, the difference is to what extent. Reliance vs. supplement. It’s midnight now – who really cares anyway.
Love him or hate him, Cramer’s “Confessions of a Street Addict” is an enjoyable read.
Imagine GMCR on a bad day?
Short that mofo GMCR…yes, talking my book!
Long FLY (the person).. ticker FLY is actually an airline stock…odd no?
I dunno, I am rather pleased not to have reduced my positions. I reserve judgemnt until tomorrow. IMHO we are either at the edge of a cliff, or the start of another run up on low volume climbing this wall of worry…but WTF do I know
RTN, GD NOC all hitting new 52 week highs today.
It’s a bull market, you know!
Monday is your cliff baby!
STEC 45,000
Raphael Saadiq “Love that girl” and you are “full-re-tard”…
Full Retard indeed. No room for logic in trading. Kill you every time. Check brain at door.
Let’s see the PPT get a 4 handle before a pullback.
Just went fairly short….I don’t like the stink of this. There has got to be a boatload of people looking to take profits at this level. At least enough to set us back temporarily.
The up moves today had really good volume behind them.
Take some off the table but don’t fucking short it.
You are probably right. However, I have been waiting for 1110 on the S&P as resistance for a good long time. I don’t think we get over that hump so easily, but we will see.
But yeah, you will probably be proved right.
Every once in a while, my timing is impeccable.
This just in…GS robots destroy the overbought indicator…
PPT breaking down?
Is today it’s highest reading…ever?
Also, I see a “head and shoulders” with dandruff on GMCR…my only short 😉
There is no such thing as “overbought” any more. There is now only “Severely Oversold”, “Oversold”, and “Still Pretty Much Oversold”
If you have any sort of indicator that has anything to do with overbought, i would ditch is stat.
LUFK will be a short play soon.
Time Machine special … LONGs are going to roast tomorrow