Black Friday’s retail sales were the best ever. Ignore what the jackasses tell you, regarding the US economy. Let me fill you in on something: broke fuckers like you do not drive this economy. Fuckers like you do not employ people. It’s people like me who drop $10k on a pleasant afternoon at the mall. It’s distinguished top hatted gentleman like me who employ people and make sure they have food on their tables.
Having said that, rest assured, we are setting up for the biggest and baddest holiday shopping spree ever. You don’t need to believe me. All you have to do is sell short LULU against me. That’ all.
Yes Europe is a fucking mess. Yes, the market has been very difficult. I’ve wiped out my +16% returns over the past 3 weeks by believing in the old world order. Now if you are some fucktard who may or may not run a virtual hedge fund on the interwebs, declaring you are in fact “the new Wall Street,” I have a piece of advice for you: fuck off.
This is what should be bought into the squeeze: commodities.
I like silver via AG, EXK and AGQ.
I like gold via RGLD, NGD and GLD.
I like retail via LULU and the refiners CAN BE BOUGHT here, via WNR, HFC or ALJ.
My stocks may not suit your taste. Believe me, there are hundreds of solid picks right now. The PPT has a wide array of targeted screens that will help you bottom pick, if you are so inclined to do so. I invite you to give it a try.
One final word on GSVC. I know many of you hate the stock, since it has done nothing but disappoint. However, let me remind you this is a very innovative model, which inherently harbors great risk and volatility. They just announced several new deals. The major take away: they’ve upped their stakes in both Facebook and Twitter to more than 30% of the fund. This is HUGE. Anyone who is interested in getting exposure to the best private companies on the web can do so via GSVC. Hate all you want, both Facebook and Twitter are real and will only increase in value over time.
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fig motherfuckers
My brother’s wife works at Walmart. She said the fire dept and cops came to keep people out. There were so many people in the store at 11pm Thurs. you couldn’t walk between customer service and the registers.
It was the TV’s and Video Games…once they were gone, people left..at 12:30ish the store I checked had short lines and people only buying what was on the ad. IMHO, Black Friday IN THE MORNING works because people continue to shop for stuff that is NOT on sale once they buy the Low Margin Stuff the stores are selling…sort of like Vegas giving you a Free Buffett to come into their Casino. But, I didn’t see this type of shopping, even on Friday Morning…People bought all the Cheap TV’s (which there were a lot of) then went home.
My girlfriend works in MI’s largest mall and said they’re murduring mother fuckers for LULU sweaters.
LOL.
Who wears a sweater to hot yoga? Insane.
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Adding some TYP (SHORT) here !
Holding my TNA (for the time being) … although it’s very tempting to take this ~ +13% (from Fri.)!
NET SHORT again ! fwiw
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Shut up
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alf is nimble …
alf is quick …
alf’s just trading his “candlesticks” !
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lol! don’t get your ass burnt.
roflmao
… OUT all TNA !
Took the + 13% profit from Friday !
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Had to do it !
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SHORTER … than Verne Troyer !
Again !
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Fly, apologies for the random question – what’s your favorite part in Don Quixote?
Don’t forget a little DGP for Gold
Senor Tropicana is definitely getting his mojo back. Seemed like his ‘Follow the Breadcrumbs’ post was written from the ledge of a very tall building (was that really less than 36 hours ago?).
Watching bears get flamed is always entertaining. Despite Alf’s best attempts to be a killjoy lol
nobody has jobs but the malls are full of buyers.. 1 and 1 makes 3 I guess. But while I do think retail is the place to be short term at least, all those murderous mall shoppers probably shot their wads. So retailers get big numbers at slim profit margins today and little tomorrow. I like RL and VFC, assuming summer doesn’t last until March.
you tell’em, boss
call me a cynic,i dont trust this move at all, even if we get a follow thru tomorrow. dont mean nothing,tuesdays are head fake days anyway.
I don’t really give a fuck about Facebook and Twitter, with all due respect. Those investments were made late stage/pre-IPO and promise “name brand” if modest returns.
What excites me about GSVC is that they are getting into Vinod’s deals.
Vinod is the bomb, yo.
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ran through vinod, the guy is just killing it!
Fuck Moodys, Fuck Fitch and Cramer can go suck a dick!
Hopefully Europe can go a month without fucking anything up!
Retail sales were great this weekend, I guess China will be happy!
Fly, Super Rich would NEVER shop in a store on Black Friday. These were the very poor that were grasping at a present that they could put under their tree..or actually, more for themselves (I talked to people that were in line at JC Penney and Macy’s). IMHO, all of this is that stupid short squeeze I was pondering Sunday Afternoon…We got Stupid fake gossip about IMF bailing out Italy, then Stupid Fake gossip out about Elite Bonds which was Fake…now everyone is waiting for the Euro Ministers meeting tonight and maybe some QE gossip out of the BoE….has Dead Cat written all over it.
Wouldn’t surprise me if most of the crap that was snapped up on Black Friday … is NOW showing up on eBay !
American Entrepreneurship at it’s finest !
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They return it after Christmas for full price. (a few of them do)
Funny you should mention that. My brother and sister-in-law were at WalMart Thanksgiving evening trying to buy a few of those HD TeeVee’s that were advertised so that they could resell them at a profit.
Copper is happy todya.
Yep, but notice eur/usd couldn’t take out 1.3400..that should top it imho. BTW, Stores are still giving full price without receipt? Normally they will give lowest price without receipt.
Walmart will give store credit without receipt. Then they can buy groceries or clothes or whatever they need. 3 times/yr per customer. They keep track by customer ID. But then customer will use another family member for other IDs. Sis-in-law works customer service for walmart, we were just talking about this last evening. She also said their store was jammed and people were buying everything there.
lets fill the gap Nymph
Yabollox..It will scan the current price, not the lowest???? Amazing…Jimmy, we will probably have to wait until the euro group of finance ministers gives Greece next payment tonight for a our gap to be filled..looks like a sell the news.
FTK, young men, FTK. And, if you need to borrow, that nice young Mr. Bernank will help you.
Black Friday simply took away forward sales.
Not a positive sign at all.
Ha ha!
Alf you definitely know the ropes and you float like a butterfly… but do you sting like a bee?
Care to share what your annualized gain in the last seven years of abundance is?
Be creative, if you like – it would be inspiring and might even shut up some of your haters 🙂
“RealLife” … haters are always gonna hate !
I could make up some glorified success story of superior trading prowess and unimaginable profits and it wouldn’t change a thing !
There will ALWAYS be doubters and there will ALWAYS be haters !
Who cares ?
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Fact is … this shit ain’t easy ! My journey has NOT been without obstacles and would prolly discourage more readers than it might “inspire” ! But, I never quit ! Quitting has never been an option !
I’ve “blownup” more than one trading account over the years. It was through these difficult events that I learned a lesson about myself !
HEY … DUMBASS ! YOU HAVE NO FUCKIN’ BUSINESS TRADING ON MARGIN !!!
And so … I no longer do !!!
I also NEVER trade individual stocks !
It’s now possible to trade LONG & SHORT (w/Inverse ETFs) … AND … get plenty of leverage (w/2x & 3x ETFs)… and do it all in a Cash account ! That hasn’t always been the case !
I also try to make effective use of “hedging” my trades … something I didn’t do at all in my early trading life !
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But, make no mistake ! I am still keenly mindful of the fact that lurking somewhere out there is a potential trade out to do me great harm !
I am ALWAYS mindful of that !
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Bought some TJX here and some SSO
Thanks Master Fly. Wish I could join you but this large gap up bothers me. Silver Chart even looks ok right here, but this damn gap.
Fly, have you tried Google +? It will destroy Facebook and Twitter. The big social media players have already switched over to G+. They are the early adopters. Eventually others will as well.
Jump on G+ and follow some big names, you’ll see how sharing there is so much richer than Facebook. Their approach to individual interactions with companies on G+ is also light years ahead of Twitter and Facebook.
GOOG is the Internet. People still don’t understand that. GOOG does not make bad decisions and their platform for all their products is fundamentally different (they are the only true cloud company). NO ONE can compete with that. I add to GOOG on all dips with my long term funds.
Google + is shit. No one uses it. You are delusional
Same was said about other new platforms.
G+ is still growing. Early on in the adoption curve. As such, the population is lower. The exodus from other “juggernauts” was fast. I predict the exodus from FB and Twitter will be even faster.
GOOG learned from Buzz and Wave.
I think the trend is moving away from the corporate, no privacy, social media. Facebook is losing a ton of momentum amid all the privacy concerns. While it may still be number one amongst 16 year olds, they don’t spend money on the advertisers products… I think G+ is too obvious of a marketing/advertising platform that it will dissuade many people, not to mention the growing mistrust of Google and it’s practices.
Their last foray into social media, Google Buzz, worked out well, right?
This soon to be extinguished rally is clearly due to Barney Frank’s retirement announcement. WTF would not be happy about that?
Google + is a joke, no one cares if it has all the cutting edge features.
Yeah that’s why 99 % the nation makes up 1 % of the wealth and wal mart is the worlds biggest company, but 10k spenders stimulated the economy- egotism at its finest