Let me clarify my new position, especially for some of you misfits.
My new 10% [[TLT]] position is a probe of sorts, as well as a hedge. Instead of selling short, my [[TLT]] position offers protection against a down-trending equity market, since it (TLT) ebbs to its (the market) flow. My downside is 2 points max. Should I lose more than 2 points, I will book the loss. In short, this is a VERY LOW BETA play; however, it is a better alternative to cash. Before you go out “imaginating” that I am wearing burlap shoes, getting ready to jump in the FAZmobile, remember I am still NET LONG. Like those CAPS, fuckface?
I want the market to rip higher, knocking out the teeth of shorts. I’m just exercising a bit of caution here, after a well deserved reprieve.
Top longs include Flotek Industries, Inc. [[FTK]] , Nucor Corporation [[NUE]] , POSCO (ADR) [[PKX]] , SandRidge Energy Inc. [[SD]] , Jarden Corporation [[JAH]] and U.S. Global Investors, Inc. [[GROW]] . All in all, I am trying to avoid moving down in lock-step with the indices. If the market shoots higher, so be it. Instead of making a “boatload” of money, I will settle for a small pinto’s worth. To be honest, from time to time, money management gets boring. I like to change things up a bit, think outside the box.
Do unorthodox shit from time to time. Life smiles upon those who slaughter the sheep.
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When in doubt, do nothing.
Just jumped into the FAZmobile sporting my burlap cap. This market is up on no volume at all.
keep an eye on the steering wheel and that gas pedal…..
…baaaa…baaaa (sheep talk of course)…
I am personally hedging with IWM short right here…and of course GMCR!
Yay!! ALL IN!!
j/k thanks for the clarification. I will return to my BCE that pays me some silly divy and continue to knit my burlap undergarments for later use.
Did I detect a little fear in your decision making process? Not that there is anything wrong with that. A little fear keeps us grounded. I’m just not use to you showing it.
No doubt that you’re doing the prudent thing Mr. Fly.
Anybody know the status on NFLX?
Around 1:30pm, stock just plunged 4% in a straight line…
BIGMIKE – courtesy of briefing. spend some $ u poor a$$ piker…
Netflix: Wal-Mart is said to be buying Vudu, a movie service – NY Times (65.25 -1.40)
NY Times reports WMT is making a major move into the business of selling movies over the Internet. The retail giant has agreed to buy Vudu, a three-year-old Silicon Valley startup whose online movie service is built into an increasing number of high-definition televisions and Blu-ray players, according to a person briefed on the deal. The two companies began informing Hollywood studios and television manufacturers of the deal on Monday… Wal-Mart’s move is likely to give a lift to sales of Internet-ready televisions and disc players, which generally cost a few hundred dollars more than devices without such connections. These products allow people to watch movies and shows over the Internet, bypassing their traditional cable or satellite service. The deal could also allow Wal-Mart to one day sell a variety of other merchandise through people’s televisions via the Vudu service.
Thank you kindly, boss…
Ya, Ya, Ya, WMT was going to put iTunes out of business with $0.88 music downloads also. How’d that turn out?
How about a hedge with the VXX etn (VIX benchmark)?
Although VXX is based on the VIX futures and it, like many of these crazy etfs, doesn’t act in lockstep with the underlying benchmark it does have some hedging possibilities as the VIX is pretty damn low (although could go lower).
As the VIX goes up so does VXX and has plenty of volume these days.
I believe you might be in error here, Dr. Fly. The sguiggly lines, tea leaves and talking goat consensus is to remain long, specifically financials, specifically XLF, specifically BAC, and even more specifically BAC January 2011 calls.
I’m already winning, I just wanna chill ya’ll.