The solars have been leading the market higher, now they’re leading us to a viking burial.
I’m now down over 3% for the day, even my haptic play, IMMR, which was soaring earlier, has reversed and turned to red. I am enjoying outsized losses because my appetite for risk was outsized. In the event the market continues lower, I will endure more losses, up to 10% from the highs. Being that I was up 1% this morning, today’s reversal is -4% for me. I will see this market out, giving it the benefit of the doubt. However, I am not prepared to bet my life on it and will cut losses at the -10% mark.
Everyone is so dramatic when it comes to Fed statements. We’ve been here before. Why does everyone forget the answers?
Even if the Fed ended QE, do you really think they’d allow the market to tank for an extended period of time? Eventually, we all have to behave like adults, without the assistance of the Fed. However, the very fact that there is a bid under this market, via an activist Fed, should be enough to quell any Fed withdrawal symptoms that might emerge in the future.
All in all, today was a horrible day. I hate reversals. They always spill over into the net day. But this is the price of admission for the gamblers parlour. Losses should never come as a surprise.
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FRO?
FRO was never a trade. I am in it to win.
I’m in it to but that Devil trade was pretty good today.
Now that headline & pic is funny!
Bravo to the Editor.
Is this THE top, Mr. Kass?
Like a G
THE Top – for now!
We are at the pretend yet extend phase. Just gotta let a little air out.
http://velonews.competitor.com/files/2013/05/263.jpg
I’d hate to be a European trader.
They are all now shitting in their Pints and Shepherds Pie as they know tomorrow will be a big down day for them.
Wait for the Nike sign at the bell.
Solid names will stay strong. They can’t let the market tank, a pullback is inevitable.
wait .. off the lows .. everyone back in the pool! 🙂
Love the front page photo selection.
LOL ! 😛
Out of Juice! LOL OJ!
Another classic headline be Le Fly!
Drink one and reminisce today.
https://www.youtube.com/watch?v=NCW3RdUiYYQ
HAH great pic
Always V.King with style.
V.King III:IIb
FGP has been a monster – was hoping for a dip to add to it today but never came. Only propane that hasn’t gone ex q div yet – should be in about 2 weeks. although earnings pre-market 6/5 which may be just b4 it goes exdiv (whopping 10% q divy). but cold winter and lower oil prices should bode well for earnings. will hope for another chance to buy more the coming days on any macro selloff. as for thurs IPOs, i think i’m going to look for a pop in ECOM – can’t make up my mind on PGEM so will prolly avoid it.
This is a top
This is a bottom
Most ‘top’ posts I have seen in 2009-2010… also hundreds of twitters with ‘short every pop’ slogan… majority of them no longer posts or twits… oh well, it’s bull market you know 🙂
god bless the bull.
Pertaining to your “Day in the Life” post, how many stocks do you have on your watchlist on a given day?
About 10
But I destroy them each morning, so what’s the use.
Thanks Fly. One more, if I could. Pertaining to the portfolio you outlined a couple months ago, the one with two 20% positions, two 15%, so on: do you always start with a 5% chunk as a starter position?
Fly,
Check this out:
http://www.nj.com/hudson/index.ssf/2013/05/1500_pounds_of_pineapples_fall.html
Time for the prophecy to be fulfilled
Which one, Nostradamus?
Rise and shine sleepy heads. Godzilla just fucked some shit up while you were amidst peaceful slumber.
http://www.youtube.com/watch?v=ln8-Y-fIbqM
lol my fav BOC song… saw them live in germany, it was great!
“King Kong ain’t got shit on me” Samuel Godzilla Jackson
Wrong, that was Mr. Denzell Washington in Training Day. His best fucking work evah.
Ha! Denzel… I stand corrected.
Whattttttttttttttttttttttt?
10% correction in play
Krull!
http://youtu.be/qBgzURjZBKY
got up this morning to see the world sell off. ben has sugested he will take the punch bowl away. so i equate this sell off to my cat, i ran out of cat food . so in place i fed him left over steak, the next day i fed him left over chicken, and then left over fish. on the 4th day i was able to get to the store and buy him cat food, he turned his nose up at it and walked out with out eating… this lasted 2 days… then i guess he realized this was all i was gonna give him, he ate. conclusion: this market is full of pussy’s