If you don’t like this tape, you are more than welcomed to play the volatility game via VXX or TVIX. I know some of you bearshitters think the market is rich. I happen to agree with you. So why don’t you buy some VXX then?
I’m still waiting to buy a few names–but the market weakness is holding me back. If we firm up, I may start positions in JIVE and IDTI. One of my favorite October seasonality stocks, FFIV, has already broken out to the upside, leaving me stupid, staring at its share price go higher.
Regardless, one must remember that this market has a bid. Such a bid might present itself 5% lower, or maybe even 10%. But rest assured, as sure as I am sitting here, eventually this market will make new highs.
The trading is thin and the people in the market are ignorant. My approach to this market is simple: buy the dips and take profits quickly. The big bets should be made from November to January, not now.
You’d be glad to know Mrs. Fly has upped the ante and is now spending at a $2k per day clip, on gratuities, things of that nature. I’ve been put back in touch with my old partner. Any of you fucktards remember Broker B? I can’t remember the reason why we stopped talking to each other. It’s been such a long time–the details are foggy to me. However, I’m glad to see he is doing well.
One subject that isn’t broached on this site is failure. I like to keep the ball rolling and work towards progress. However, being the generous person that I am in the “year of generosity”, I am willing to hear about your trials and tribulations, if only for a brief period of time. Believe me when I tell you, I’ve crawled from the depths of hell, burned by the fires of failure, before I got to a comfortable space. The business of money management is an arduous one. Most try and fail.
I’ve been sitting here thinking about the market and how amazing it is to see it at new highs, despite a struggling economy. The economy has a distinct feeling of sloth, stuck in the amber of a post-apocalypic failure that wasn’t allowed to die, that now lives as a faux bull market buoyed only and explicitly by counterfeit money.
The Federal Reserve has your back, gentlemen. Don’t you ever fucking forget that.
Nevertheless, only miscreants and arch fiends go all in on anything. You’re not Andrew Carnegie you fucking moron. Take it easy, limit your position sizes to 20% and live to fight another day.
The very best of the market is in front of us. Before you know it, the Turkey Gods will present themselves to us, splendidly pecking away at the competition because they are bears. After that is “The Santa Claus Rally”, an experience designed to offer full joy and bliss to any smart investor. For fucks sake, 2012 is going to end with guns blazing–putting immense amounts of coin into our already deep pockets.
The market is too melancholy for me to dive in. I have about 15% in cash, waiting to be deployed. But the overall tone of the market is drab. If there isn’t any momentum, then there must be carnage. Since there is neither, the market is in no man’s land, a risk to both buyers and sellers. Therefore, I’ve decided to sit tight and wait for a better opportunity.
All day long I’ve been dealing with the slow drip, death march of sorts, of my stocks trading lower. These little cocksuckers were looking so “dreamy” on Friday and now they’re little nightmares. NFLX is getting hit on rumors that certain networks will not sign content deals with them, due this Friday. However, that’s a bunch of HORSESHIT and the stock is being abused like an altar boy for no good reason.
Other than that, I am receiving “standard” clubs to the skull in ATML, PPC, MCK, ESRX and DDD. However, it’s worth noting, I am taking an especially large clubbing to the brain in AKS, a proverbial “fucktard” of a company if I ever knew one.
As much as I like to tell myself “Fly, chill out. You’re up 34% and your cock is swinging low”– it doesn’t work! I’m obsessed with price and hate when my stocks trade lower. I need to see progress all the time, else I become morbidly miserable. Should these stocks piss me off anymore, I will sell them all and start anew. I will not say “that’s how I roll” because idiots say that. Instead, I cordially inform you that I am a master of artistic habit, which entails seeing things flow in a certain, mathematically perfect, way. Anything less than sublime is simply inferior to my standards.
All new buys have been halted (no Nazi) until this tape improves.
There will be losers during the QE-unlimited era. However, if you have a good mind for this sort of thing, you should do well. My plans are constantly changing, with regards to stocks that I am willing to buy. Inside of The PPT, I am fixed on just one screen: Fly’s laboratory. It is spitting out winner after winner, characteristic with the time machine apparatus that it is!
Without QE, I am seller of stocks, entirely uninterested in dealing with the September-October months, traditionally onerous to long only players. But with QE, the Federal Reserve is bidding under the market, explicitly, hell bent on seeing asset prices rise. Having said that, a double entendre presents itself. The very fact that stocks “cannot go lower” and “everything should be bought” is inherently bearish for stocks. The moment faith is shaken, stocks will be beaten, soundly, like fools caught stealing from the mafia.
You should be on guard for such occurrences.
With today’s set-back, I am up 34% for the year, a fine showing for a gentleman of my status and stature. Furthermore, just now, I’ve decided to forgo caution and start a new position in a name I’ve referenced before.
All of the hot “china plays” are cooling off today, starting with coal. I sold out of my ANR, after just one day, because the industry is still impaired. Having said that, employees of NFLX should all get handicap parking access–because that company is fucking retarded. Nevertheless, I am still holding.
I have a few fresh ideas, like TTI, IDTI and GNTX. But I think today is a “do-nothing” day, designed to make me wait for stocks to come down. We have months of upside in this market and lots of skeptics out there, even after QE1 and QE2 success. Let the bears have a day or two, shorting stocks like chocolate eating gluttons. We will slaughter them all and dance on their dead skeletons.
The market is correct and the assholes on the teevee are goat-fuckers.
I am down 1.5% as I type this, complacent (no VXX), at peace with myself knowing that “The Bearded Clam” has my back.
If my strong, powerful, political opinions bother you, turn your fucking computer off now. Hit that shit in the head with an ax and lock yourself in the closet.
Why is the media saying “the middle east is burning down American embassies and generally not loving us and shit” because of some stupid fucktards youtube video depicting “The Prophet” Muhammed as the clown that he was? Seriously, and I mean to directly insult the religion of Islam, as well as all other religions of childish fantasy, GET YOUR FUCKING HEADS OUT OF THE SAND (pun severely intended).
They are lighting shit on fire because they mean to kill you.
Why do they want to kill you?
Well, I am not interested in the reasons, for that delves into a subjective conversation. Let’s just summarize our relationship with the plebs in the middle east as “at war.” Don’t blame some psychopath on youtube, who is being sent to JAIL (by the way) for this, instead of the failure of the Obama administration to protect embassies and interests abroad. Why weren’t these embassies fortified? They’re in the middle of war zones, fucked faces!
I love Ben Bernanke and his magical powers of stock market madness. I’ve made millions in the markets–thanks to Ben. However, I don’t think it’s possible for me to sit idly by for another 4 years as this community organizer, organizes America into a jelly sandwich to be eaten by hungry savages.
I caught some really bad luck with AKS. Those fucked faces chose to issue an earnings warning today. Had they just shut the fuck up for a day, I’d be 9% to the good right now. Instead, I am off by 9%. I can’t complain too much, after an electric week– +34.5% for the year. I saw my assets rise and rise again, all thanks to turmoil in the middle east, Obama up in the polls and the Fed doing a little QE3–unlimited version.
During lunch today, I was sitting next to some broker. I can smell a broker out from 100 yards away. He was meeting with his old fucker of a client, discussing horseshit while praising himself. Note to young punk brokers starting out in the business: don’t try so hard. Your clients are just people, not Gods. Their net worth is only a small part of who they are and when you come across as “canned” or scripted, they know you are a piker-bitch-cocksucker. I fucking hate brokers and make it my business to scowl at them whenever possible.
As I prepare to leave the office, I see the market is reversing lower. I am not concerned and this is to be expected. Look at bonds, via TLT. Absolute carnage. People are taking profits. However, the point remains, we have at least six months of unmitigated upside in this market. Position wisely and take profits along the way. But rest assured, the Fed is going to make sure asset prices rise, in order to propel GDP higher.
