If you are similar to me (none of you are like me), you have big dicked gains and have an IQ over 150. Such a person, like myself, would start to unwind some of his positions going into the second half of December. Granted, it’s just the beginning of December and I have a 35% cash position. But, there’s a method to my madness.
I endeavor to buy ALL DIPS. However, I cannot buy dips without cash. Do you see the rub? I demand answers and I repeat: Do you see the rub?
I like HERO and PWAV here, bur cannot buy any. I am bounded by my methods, for they keep me disciplined. Believe me, there is no greater feeling than participating in a rabid, foam-mouthed melt-up. Furthermore, there is no greater pain than missing out on such a run. However, there comes a time when you must scale back a bit, especially when you’re having too much fun. Judging by the 8 fold increase in my personal accounts, I’d say my fun is excessive and belligerent.
Go eat pretzels and kick old people in the chest. While you’re at it, be sure to raise a little cash, so that you can nibble on dips, like a large rat stuck in a sugar cone.
As for me, I hedged my personal with SCO and “cashed up” for clients. With 50% year to date gains and a time machine at my disposal, I am well positioned to outstrip you for the foreseeable future.
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We crashed 1300 Dow points from mid-December 2007,into following mid January.This invalidates the premise that we have to rally in holidays.
But, “fast money” says oil has to go up because its cold in england. Seriously, that was there premise for oil prices a few days ago. Hard to argue with a premise so convoluted.
http://www.youtube.com/watch?v=Ocy8TseK88I
“I’d say my fun is excessive and belligerent”
I’m all about belligerent fun, count me in.
oh man, Mr Fly, thank you for the constant blogs, love the humor and venom u spew, i really can picture duck brained people getting upset at these posts LMAO!!! But yes, raising cash good idea :P, agree
nice job Sir!
“I am well positioned to outstrip you for the foreseeable future.”
Let the record show that no one outstrips “The Fly”.
Thank you and yes.
Things are getting silly again in the semi space. Bought 3k SOXS @ 16.
I cannot help but wonder, Mr. Fly. 8-fold increase in how long?
year to date.
raising cash, puttng it back to work..raising cash, puttng it back to work..raising cash, puttng it back to work..raising cash, puttng it back to work..
all this lifting makes me tired
Hey all, any opinions on moving forward with FTK and EXK?
I sold most of FTK. Keeping some (250k) for long term.
EXK is long term idea.
would you add to EXK here?
Not today.
I call bullshit
one day Fly is up 42% YTD, the market goes sideways and then he is up 50% YTD
don’t forget Fly was balls to the wall short during half the melt up in his personal accounts ( TZA )
Just WTF ?
Never went balls to walls short you imbecile. And, I’ve been making 2% a day for the past week. Where have you been , dick-sucker?
Perhaps you missed the part when my 2million share position in FTK doubled over the last month?
maybe he meant your VXX debacle?
You stoopid f$cker, the Fly wins when he appears to be losing!
ah yes raise up a little cash. wtf happened to the silver miners today? ka-boom.
See Sunday’s blog post, and never miss another one.
_____
I try my best to keep up with you’all.
yea, you said something about a sippy cup. sip sip sip. and then you dumped.
Well done sir, and thank you.
HRBN remember this one? Coming back to life….
These pretzels are making me thirsty.
You could be in a Woody Allen movie.
Made that loss up and more, dickface
Yeah dickface…Laughed my banned ass off…
I was thinking the same thing with dollar-commodity activity. I got some SCO too which adds an interesting flavor to my risk profile given my PWER holdings. Tastes like sunflower oil.
The Fly is his own accountant. 35% cash is not included in gains. He has “accounts” rather than one account. Only the Fly knows WTF his returns are. He was deep in the red in that FTK crap.
Jibberish. Just STFU and visit other blogs.
This market cannot be denied although I have taken profits off of the table. Ben will ensure that everyone is herded into the market corral, tenderly whipping anyone who strays into the bond market, buy’s CD’s or heaven forbid in a savings account.
As china starts to implode, there wont be anywhere safe to hide. Ben’s buddies, the JPM and GS trading desks, will get blown up like everyone else. He might as well draw up the QE 4 documents now. He’ll probably need them before february.
Yeah, just think about it. With 9.8% unemployment the world leaders are scared shitless because most of their handouts comes from the American middle-class tax bank. It’s in their best interest to keep us working as long as possible before we blow up…
The Fly counted to infinity, twice.
Lightened up a little
I’ve heard somewhere that Liberlism is a mental disorder.
After watching Barack Obummer just now I submit that the above referenced comment is in fact true.
Good day to you sirs.
Wow, liberal bashing. Such a unique unheard-of contribution to the board here. So rational & fact oriented too.
“Liberalism” ^^
THESE BASTARDS ARE TRYING TO KILL ME
“While you’re at it, be sure to raise a little cash, so that you can nibble on dips, like a large rat stuck in a sugar cone.” Bravo. I nominate this post for the 2010 National Book Award for Poetry and the Frost medal.