When we reach the very top of the market, no one will know. We’ll all be high off the o2, moving around sideways, like a crab, doing the money dance. Today has all the hallmarks of a topping formation, all the way down to weak miners, even though the raw commodities are higher.
I am up another 1% today, putting me at 22% for 2013. Those who know me understand that I do this on an annual basis, get real, real hot, so hot that I blow up–spectacularly–later on down the road. HOWEVER, to borrow a whimsically joyous phrase from thousands of great men in the past “this time will be different.”
That’s right, my friends from interland. “The Fly” will not pick up that hand grenade (CALL) that is without a pin and put it in his pocket. I’ve been a little proactive this year, taking on short positions when I usually throw it all into the oven, turn the dial up to 510 degrees, and hope that it doesn’t burn.
I am making money in all sorts of bizarre (BV) ways and feel that I am at a cross roads (CRDS). I was once down almost 15% in WNC, now I am up 1.2%. At the moment, USG is an underperformer, but I have faith in the wall board, especially since I am going to be needed a great deal of it soon.
My largest position is RAS and that has been a rock.
Leverage to the upside stands at 110%, AFTER my shorts, so I am fairly exposed here. Nonetheless, I will be in sell mode soon enough, the closer we get to tax day (4/15). Because of my gains, I can afford to take on some risk now and be patient with losers, even average down.
I’m just going with the trend here, the never-ending loop of history that keeps the economy going.
NOTE: As predicted, CWEI took off.
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The Fly is God.
I did not know that the Fly is God?
I knew that he was an excellent investor.
In the future I will be more careful in his
omnipresence.
So, sell VHC than or keep it for a rebound?
Hard to say now. Ill do some work on it this weekend
VHC trades on its own news cycle not the markets
VHC loses 40% of its value over one lawsuit that didn’t go their way?
VHC lost 40% of its value because that lawsuit put into question the ability of VHC to ever monitize their only product.
FLY, your friendo Bill Miller had the guts to show his ugly fat head on tv today. guess GRPN is another one of his “lifetime” buys.
Keeping my small position in VHC. Unless they’ve largely done so already, covering by shorts to protect handsome profits into the Apple news might boost the issue. I’ll take whatever recovery I can get.
Of course, I’m still anxious to see what the Fly will say after he uses that time machine of his.
I think if you want to avg down, you should look into call options.
Got a matching set already. Too early, as is usual for this idiot.
Thanks for the idea, though, and any other knowledge you are inclined to impart after your deliberations.
What an awesome day it was: my shorts and my longs went up…
I’m only 10 percent cash, no shorts. What’s everybody else got in their wallet?
pair trade: long cotton, short coffee, not a true pair trade 🙂 but awesome
oh and my pick for a mature 🙂 investor: TFM
I’m on it, partner! Heading out to Brockport to watch Austin play lacrosse and will write you this weekend!
On another note, a good drywall finisher and plumber are so integral to flipping a house. I’m back on track and will make a go of this new venture. Why? Because cash is king, and once I get myself an honest and talented crew, I think my business will be just fine.
Double Down at 1605.
Don’t blink, don’t think. More margin at the scheduled 1607 hiccup.
We are 100 points away from the Top; the Bernanke is testing our cajones.
This market just feels stupid insane fucking crazy. Maybe I’m late, which I am…….but it just feels like we’re pricing in full value of QE. What I’ve started to wonder is if all this shit about QE turns sour and HOW, finally? We all know it just makes it worse, so how is it so fucking good?!
Well, the only way you can make the upcoming crash is worse than the last 2 is start from a much higher high………….
Am I rationalizing my longs here? I honestly don’t know.
Took Fly’s advise and took on WETF (9.05)- I have 1/2 what I want. I’d like more NBL here (108), and RDN (9.54) but, only a taste cause it ran so much. And, I have a tiny slice in AAPL bought the day after the earnings.
With all that said, I’m betting on the status quo for a tad longer…….maybe 6 months….but, I feel like everyone else…..I still have 1/3 in cash and can’t get longer without paying up. Hence the more speculative plays but in smaller size…..just cause I’m up, doesn’t mean it’ll work.
I’m 33% cash. I know I’m missing some upside but its hard to buy up here.
be on guard for gawdy decorations around the house, like crown moldings on the ceiling in 4 ft x 4 ft squares, painted door knobs, crushed blue velvet curtains, and gold coloured curtain rods. #gawdy
I still have your goat
the Devils picks are interesting – like OTB fast money gambling. Yes, the over night wonders are spectacular. Is there any wonder why the retail market doesn’t give a shit about the stock market anymore? Like his/your moves in $PAMT and $CLIR are not blatant examples of front running? Like hard won fundamental data or techs supported such a run. Now let’s flip it -how about $VHC, $CALL? Yes you played $VHC with such conviction going from you are nervous of the value of it going to $100 to selling your entire position. #seedy. The Devil also mentioned the primo stock promotion scam $IOC. Interesting. However, what can a poster hold you to? You are imply making money – however shady your leads that you post are, it doesn’t really matter does it? Because after all, you are banking coin, and you have gawdy ceilings.
Wow. Feel better now?
yes.
oh, and not that front running is a bad thing, but the average person does not have access to that info. Sure they could come here and roll the dice for a chanc, heaven forbid they end up with a $100 dollar stock like $VHC or other winners like $CALL, $SWHC, $WNC….let’s not mention $HLF (sold so safe!), $DIVX, $ARWR, $NTRI, $MVIS…yes, it reads like a list of skanks that you once banged….
Oh and by the way, I am up 2% on wnc. Remind how I was front running there?
You’re a complete idiot and don’t even know it.
Look, you’re entitled to your opinion. I just don’t appreciate you being a dickhead about it and questioning the ethics of our host on his site. I, for one, very much value the insight that he graciously provides. If you don’t, don’t come here. It’s that simple.
Wow zeph – slicing and dicing the site chief as if it was required reading
CALL is a top ten wild trader, I see HLF trading 35 – 45 range , VHC held 19 last time and Nat Gas reversed on the previous 3.91 high area. It means little going forward but always nice to review the past. Without venom.
uggg – here comes the ban
Lets all remember who zephler is shall we?
He wins the march madness contest, then complains when we pay him $1,000 gift minus PayPal fee. He wanted to extra 20 bucks. Because of him, I stopped handing out monetary gifts. We have away $3,000 to readers last year.
We had banned him because I was upset with such petty complaints. I deemed him to be an ingrate. He then emailed us, promising to behave. He even went as far to apologize. I felt the apology was sincere. Apparently, I was wrong.
So here we are again. I won’t ban him just yet. I’d like to hear what his excuse for being so uncouth is this time. Perhaps it’s alcoholism? Or maybe he’s just a bad person?
Here was zephler’s public apology. Sounds sincere, no?
I’ve been a fan of the site since Broker A and Broker B were exchanging banter. I am still a fan. I was extremely grateful for winning the March Madness of 2012. It was the penny wiser pound poorer side of me that brought up the Paypal fee. It was in jest that I brought it up, and I do regret offending Senior Tropicana in doing so. The harm that I have brought in the IBC community through my “being a whiny bitch”, and my looking a gift horse in the mouth, is shameful. I will say this, I am currently playing $IOC, if things work out in my favour (the proper spelling, not the American ebonics spelling btw), I will put up $500 towards the winner for my indiscretions. I am a socialist at heart, and believe in working towards the betterment of my fellow man through my hard work. Since the consequences of my clap trap have penalized the current state of what was a great competition, I feel that I should try to remedy the greatness that I have soured. What other site offers such a lavish prize for it’s members? None. I was in the wrong, and I am a gentleman enough to admit it.
I’m sick of this fucker and I’ve only had to read his stuff for 2 min.
Pamt more than doubled since the rec. how is that front running?
Clir went up 40% after rec. front running?
Do you even know what front running is, fool?
I held VHc for over 6 months and disclosed my sales every time. In the beginning of the year I said I was going to sell VHc to finance other trades and did exactly that.
You mention call and hlf!?
Did I sell call yet? Maybe it ends up a loser. That’s the stock market, jackass. You win some and lose some.
Don’t come here frustrated because your life hasn’t turned out the way you hoped, taking it out on me.
Look inward zephler and see to your own sins.
As for my ceilings, well, class cannot be explained to someone like yourself.
Go back to your trailer home and crush a can of bud, pal.
Agreud.
Sheesh.
A baby shower around Lawrenceville 75 miles from BK with the last girl I banged stalking my new girl, and she barely knows 3 people there …….. I’m sick that week, sorry.
http://youtu.be/Cx2KPME-Le0
* We’re sick that week, sorry.