A splendid end to a wonderful week. I just swapped out AKS for MGM in my personal accounts and now find myself leveraged 200%, going into “merger Monday.” For clients, I am decidedly bullish, with 90% long, 10% cash. My positions range from silver to tech to oil/gas to video games. Essentially, I am long high beta into what I deem to be a “window of opportunity,” from now until New Year’s.
Santa’s sleigh is ready and he will murder you, if you get in his way. There is nothing smart about betting against holiday joy or New Year’s bonanzas. Failure to adhere to my words of wisdom will lead to a swift “zero-hedging” of your accounts (I mean that in the most heinous of ways).
Just to reiterate, U.S. corporations have the most cash on hand, as a percentage, since 1959. The money needs to be invested and I believe 2011 will represent nirvana for the investment banking community, as companies shuffle the chairs on top of their cruise-liners. As you know, I don’t fucking lose, so do yourself a favor and get with the program.
UPDATE: I bought 30,000 EK
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fig
On the last two Mondays following options expiration, the Dow was down 60 points in October
and down 24 points in November. What makes you think December is different?
Good luck
Word … Santa
So we should be up 12 if we follow the math??? lol
im goin to vegas for christmas babbbyyy
Today, swapped out of SWKS totally ghay FTR and into a bottle of Laphroaig, 5 pounds of stone crabs, a small wheel of brie, two loaves of artisan French bread, four bottles of Verre Chateauneuf-du-Pape. Screw dinner. Enjoying this year’s run so far.
What kind of taxes do you owe on a deal like that?
Burdensome!
The Islay single malts are always a good investment.
What about that 1300 point crash during the holidays, back in 2007?
Below is a computer graphic simulationo f what your local AAPL store will look like , by this spring.
http://www.youtube.com/watch?v=jBqtQjJqSQw
The financial crisis was happening at the end of 2007. Tha’s over now. Well, really, it’s just pausing for a few years while, as Fly says, the investment banks shuffle the deck chairs on the Titanic. But I would bet all my clubs and all my squirrels that we will not have any 1300 point crash this year.
Utopia!!!
Nice, so I sold LULU and added to my MGM, just because LULU was up this week and fly bot MGM.
I bought MGM before buying MGM was cool.
Still long mgm from feb/march 09. Sold lvs and wynn tho
Theyve been talking about the record cash companies are holding all year. all…year. they never mention record debt. Its about 1:1.
Half of this record cash is overseas and loses 35% if it’s brought back here to use. thats why they’re not using it. thats why they wont
I can’t believe people are buying the AKAM M&A rumor started by GS. Seems ridiculous to me. I do think the JOYG M&A stuff might happen though.
Please release the garrotte!
______
no garrotte involved I told you I only work with wire and my hands.
Most garrottes are made of piano wire, iBC Strangler.
___
Jake, step away from the strangler… He looks dangerous!
Step away from the cocaine…
U serious about the leverage?
After the close: Rumour is that Drexel Burnham’s in big trouble
LOL. There’s a name I haven’t heard recently.
Those dudes were the shit back in the day. It’s humorous to hear people talk about the crooked investment banks today in comparison.
Drexel was the bomb. Those guys are still all over the street. Mostly in hedge and PE firms.
They are all savvy fuckers.
_______________
Don’t forget about me.
Thank Gawd for Google. Ancient history here. Declared bankruptcy 20 years ago, I see.
Does the name Michael Milken ring a bell. You never heard of a junk bond? Good grief. Ancient history yes, but pretty damn significant.
Did you sell out of your TTWO today or are you holding on until it reaches near $15.00?
This stuff is looking like child’s play for you. VXX long forgotten, no?
EK? Shutterfly patent infringement lawsuit? Just curious as to the logic…..
The new iPad i bank coin update crashes every time I try to use it.
Erase the app then reinstall. Apparently this is how to remedy the problem
morals always prevail.
thats what i have been programed to believe. i got nutin.
Fly, at the end of November you said this…”Believe you me, I will NOT be positioned heavily long into January, as I intend to take profits and position for an early 2011 drop.”
Is that still your game plan?
you’re about to get your dick knocked in the dirt.
How about knife catch V?
so fly, you old fart! hows going? i decided to check back with your stupid web site abd see what the fuck your are blubbering about now.
So you “do not fucking loose”, eh? I remember you mofo buying those VXX calls or futures or whatthe fuck you were buying, around 24. Hows that worked out for you?
Of course you did not loose, you just forgot about it.
I will check with you in another few months, untill then go fuck yourself
Love your attitude. But you’ve got just that…attitude. It won’t get you too far unless you get some substance. Let’s see some meat.
Lots of folks here try to take Fly as a role model by developing his kind of attitude. That is far easier than to try to imitate Fly’s substance, that is, his abilities & knowledge in trading. Humans mimic role models all day long, just like chimps. But in some areas it is too hard to do, so they can’t.
Who else has been out to the local mall? I can tell you that I just went through the unpleasant experience.
It was Busy! I even saw poor people spending money. God Bless America and our feverish spending habits.
All this buying should keep the Chinese sweatshops busy for awhile.
Most Christmas stuff was ordered/made months ago.
Thanks, here I thought it was all made to order. (sarcasm)
I meant the frugality is over and now we go back to drunken sailor spending. Good times!
It must be the 2% payroll tax redux effect. Soon homeless people will be eating at PF Changs and your pizza delivery boy will be driving an M3.
M3? Pfffffft.
This what we rollin’ now, dawg.
http://www.ftlauderdalelimo.com/Newsite2/escalade_exterior.jpg
I change my mind all the time
Wanted:
programmers for an iBC Android app.
email me at flybroker at gmail.com
Based on recent comments sounds like you need programmers for an iBC iPhone app as well.
LET’S GO! NOW YOU’RE TALKING, LE FLY.
http://yfrog.com/h3s16uj
A picture of Le Fly’s hand at link above !!!! Identity just that much clearer.
Mr. Fly
FYI the new app is causing some of your posts not to show and others to show as duplicate
The new app sucks. Delete it and view from safari
iPhone app developers may contact me as well.
call a plumber.sorry man,i just had to
Did you boot Bleier or what, his shit is gone from the homepage…
Bleier is still here, just inactive for more than 2 days.
Companies that are awash with cash are not about to waste it building factories to employ people or anything like that. They are going to borrow a bunch more money and go out shopping. It’s what they do. After Bank of Montreal bought the Marshall & Isley bank other regional bank stocks jumped as people try to anticipate the next target.
Companies awash in cash are waiting for a real (not just unemployment handouts) recovery before investing big $.
So which came first …. the chicken or the egg?
Speaking of MGM, have you seen MGM Energy (MGX)? I’ve been in it for while, but now that the Mackenzie Gas Pipeline has been tentatively approved, it looks a lot better (high risk, longer term) but potential upside is vewy vewy warge!
That investment might blow up in your face.
http://www.ww4report.com/node/8730
Yeah!
Totally NAILED the audish and am now pleased to announce that I will be leading Santa’s sleigh in place of the now indefinitely hiatused Rudolph (hint: nose now far more white than red).
Keep your eye on the skies!!
OMG my Giants.
Hahahaha NY Giants suck!! Gotta respect the Vick!
Hahahaha NY Giants suck!! Gotta respect the Vick!