“The Fly” is in his office, decked out in formal evening wear (top hat, tuxedo, white pocket square), awaiting the great crash of 2010. Although the great crash is widely expected, very few are prepared like Senor Tropicana aka “The Fly”, with office decor and delectable HORS D’OEUVRES to match. The office, as you would imagine, is filled with black smoke, which is completely non-toxic and 100% organic (I bought it from whole foods). The music is playing and everyone is busy doing “The Hugh Hendry“, not so much different than a Peanuts party, where Snoopy and the gang get down and boogie, zombie style.
What you need to know, every so quickly: I am preparing to supplant you as a shareholder in numerous stocks. Once you’ve been dispatched, by way of margin liquidation, “The Fly” will step in, with the veracity of a mountain lion inside the headquarters of Stocktwits, and buy said shares at horrendous discounts.
You may be wondering: if the Euro is up, why is the market down?
Answer: it is the destiny of the markets to go lower. There is nothing that you or your stupid friends can do about it.
In closing, I am not thrilled to make money, while most of you waste away into oblivion. It’s just my job, gentlemen— so sorry you aren’t me.
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First to watch the soap opera with my vxx faz & tza
Indeud. Where is everyone? Have they leapt from their windows?
yes
PPT. Watching closely….
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They are impaling themselves on pool Q’s after triple leveraging long oil related names on “the dip”.
Would you all care to clean the blood off and begin a gentlemen’s game of 9 ball, as we watch the crash?
I’m a terrible investor! I’m not worthy! Faz to make up my horrendous losses sounds like suicide, but here i go, scrambling up the tilted ship, hoping to avoid corpulent morons as they free fall into that icy water.
Have you travelled to October 2010 yet? If so, did we test the 2008 lows when you were there? Or is this elevator going straight to “0”? What’s top on your buy list? I’d like to pick up some copper on the cheap, since apparently 2/3rds of the planet’s copper has already been mined, but since SCCO went to $7 the last time, and is currently in the mid-$20s, I have no idea what price to pick it up at. Gold, in my opinnion is overrated, so is oil. Now’s the time to think of sectors to grab when we crash, but what would those be? Any insights?
waiting for PPT 2.20’s. period.
“I am preparing to supplant you as a shareholder in numerous stocks”
Brilliant. My guffaw earned me strange looks from my co-workers.
The new Hugh Hendry includes kicking the chinese take out delivery boy.
http://www.businessweek.com/news/2010-05-18/hugh-hendry-shorts-china-betting-on-1920s-japan-like-crash.html
Does Le Fly ever have moments when he is losing even though he appears to be winning, Big?
no
I can’t think of anyone more deserving to own my liquidations. It likely won’t be long now.
Fly,
How far back did you test (if at all) the PPT 2.20 oversold vs. 3.0 overbought concept? Did you ever publish how often it was successful in predicting/alerting investors to general areas of reversal? All just curiosity, from reading the site I’ve seen it call reversal areas very well thus far.
Thanks
No backtesting, just actual occurrences, which as you know, have been incredibly accurate.
Fly
Can you tell me if the world is coming to an end?
Also, will there be a resumption of my daily 40 points in the very near future?
Thank you
Selling my VXX right here…thanks for the trade Fly!
GS, BRCM, JPM green? And Index P/C at 2.76! That’s enough for me, don’t need to get my head ripped off by short covering.
What does the truthfulness of a mountain lion have to do with anything? Ferocity—-that’s something else entirely.
At open, I went all cash keeping only my 10% TLT holding. So let the sky fall!
I closed out my BIDU and SPY puts for 200-300% gains since last week. back to all cash, waiting for PPT. And I’m looking for more oil cleanup plays besides CLH.
is now the time to pull the trigger and buy FTK ?
or coin and etfc …………………?????
i wait another week !
Margin calls already an issue in my office today, before this decline. If we close down again, it will only be worse. Many of these will be Fed calls. Been awhile since I saw this many.
How can you see the margin calls Ozark?
we kinda need a rally attempt around this level so was can get a bigger slap down….btw is there any way to blog in the Peanut Gallery besides paying for PPT? I know PPT is great but like a student learning Math, I don’t want to see the answers, I want to learn on my own the method first…
PeeGee not connected to PPT. Just sign up and post away. There’s a link over there.
http://www.ibankcoin.com/peanut_gallery/wp-login.php?action=register
Yogi…YOU totally made my day…I just posted…this is so much fun.
Peanut Gallery is free, Peanut. Just sign up over there.
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Jake, Thanks..Posted something already….XXOO Peanut
waiting for any fake rally but market is so poor in partecipants it seems” is not coming at all
“I have seen the future, and it has LOWER stock prices in it”.
I still can’t believe you used the word “delectable”.
JEZZ!!
ps VXX as traded on Toronto gets extra jam from the buckshot and plummeting Loonie
Sold TLT @ $96.40 ($90.97), still holding VXX from 21.
Still impressed, flyus maximus, with ur handling and calling of this.
Got long tck, gs, and good via leaps in small quantities. And some atpg. Still mostly sitting. Bought back nearly all short calls, had a red bull and some coffee and am prepared to remove my pants.
Gladstone? Interesting call.
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or painful, you decide
Anybody knows the PPT score by any chance?
Yup.
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down by 2 in the 5th.
me too!
“doing the Hugh Hendry”
isn’t that similar to doing The Twist only slower?
TNA and FAS in size, because I am fucked up like that.
There are very encouraging signs here in the positive direction.
OE makes it hard to predict, but crash would surprise me, especially after this week.
We’re going up.
haha…i love this site.
wtf
I’m close to buying DZZ (nuts), but I can’t seem to push the button. Head says yes, gut says no.
nice reversal today off the 200 sma
thoughts?
UCO bot 9.24 greedy nuts are great to furnish your office with
/CL runs market may finish grrrreeen
been rejected at 72.80 3 times this morning
Bot APPY for a dart throw @ $3.06
/DX wilting
FLY Thanks to you i’m up 25% with vxx- i was holding it when others were laughing too. It has provide me a good hedge for my longs. Would now be a good time to take some profit.?