I looked into the depths of hell and decided to spit in its face. The end result is what I deem as a ‘best case scenario’ with today’s ‘key reversal’ washout. Some weaker men will take this respite as cause to sideline themselves, like crabs. However, I think we have at least 15% upside in most growth stocks during the month of May.
I have written off April. I am not counting on this rally to continue forever. I expect to exit April with egregious losses, but not too much lower from here.
Bottom line: Ditch the dividend old man stocks, man up, and go long growth.
NOTE: My losses for the year stand at -24%
https://www.youtube.com/watch?v=ysWRb9bqB-Y
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Mr. Fly, Happy to hear you didn’t sell.
I bought for the first time in a month YELP at 59
One can’t help but notice the steel cohones with which you are navigating this storm. Bravo Senior.
Fly’s actions are nothing to praise. Hope it all works out in the end.
I am not looking for praise. It is what it is.
You say that now, but watch, on the miracle of miracles that any one of your four horsemen of death pops on earnings, you’ll be typing the FUCK YOU, I TOLD YOU post so fast you might start a fire.
There is no way, ever, that you can claim to have an ounce of foresight or risk management, no matter what you sell for, given you rode these stocks down 40%+
Like, even faster than you can get butthurt about it?
You and your five dollar name should go apply for a Seeking Alpha internship.
Hey pal have a tall glass of #gofuckyourself on me.
Go shit all over Tim Knights forum. He’s been short for 900 S&P points.
Word.
All bulls and bears alike (incl. Jennifer) never doubted you, Fly.
https://www.youtube.com/watch?v=QRBak_2X3Do
IFON is being ass plundered on a daily basis. You still on board with that one Fly ?
Still in it. I haven’t sold a share.
It’s up to you, but I know I’d enjoy some kind of post regarding $IFON, preferably with images and content that would offend the weak-minded and idealistic.
Let the market recover a little then we can have fun with micro caps
Ackman news: http://www.foxbusiness.com/economy-policy/2014/04/15/ackman-schneiderman/?cmpid=cmty_twitter_fb
Holy Hell !! Look at Charlie Gasparino’s picture on this article. He had his hair photo shopped like mad for it.
With any luck both Ackman and Icahn will lose tons of money on that.
work on getting half of it back… dont press too hard or youll blow up
Thanks for the expert advice.
LOL
Haters are Going to feel sick in the stomach tomorrow. The 4 horseman (no notre dame) will have the short squeeze officially on. No one will ever try and bluff Fly in a poker game ever again
I still think the top is in
1897 Bulls good luck
I agree. But I have always thought they would take it to DOW 20,000 then drop it like a led Balloon.
It wasn’t show time today either.
Today sure felt like the real deal for a reversal. lets hope. Congrats to you Mr. Fly!
Reports of The Fly’s death have been greatly exaggerated.
+1
this is so cute, ppl that have lost 40% in the last month are getting excited about a 3 pt mid day reversal…….lmao enjoy it while it lasts
Very true bear.
But it’s more a sense of relief for not being killed.
Alibaba tho
now that king geoffrey is deceased, prepare for the already elongated bull market to persist and rise above, stampeding the bearish peasants and crush what they lust into dust luring them into an never ending intertwining whirlwind of despair and depression.
Fuck, I haven’t seen Sunday’s GOT yet. Kept hearing that it was interesting and shocking, but nobody yet had spoiled it for me.
this post alone, if it does include said spoiler, should result in perma ban. what an asshat
please that shit was 2 days ago in internet time that’s last century, your bad bro.
BY THE WAY TYRION GETS BLAMED BECAUSE HES THE MIDGET
let’s get real – you’re probably a midget
The book’s been out for 14 years, you’ve had time.
Please tell us you positions Bear. I learn anytime I can.
Trolls don’t have portfolios.
He’s long $HDGE. With its 2+% expense ratio and apparent inability to outperform during corrections, it’s a sound choice.
3.29% expense ratio.
So cheap
Lots of good earnings! Now we need Putin to catch terminal diarrhea
Had we finished on the low of this morning, there would be hell to pay. Now. Who the hell knows.
-23% YTD, but a shameful -42% off from my high in Feb.
Same here. Disgusted with myself. Good thing it’s only April.
Mostly due to a sizeable GOGO long. Should have cut it when it cracked 20. It bounced off the 23 fib today. Hmm.
-24%? was Ackman even down that much for 2013?
have you tried chewing espresso beans?
I used to do that. Now I chew creatine and lift plates.
Hi Fly,
Are you worried about any long term side effects of creatine. My reading says it is safe. I know you do your due dilligence too, so wanted to hear your thoughts. I also read it can contribute to or accelerate baldness. Any info is appreciated (i know totally off subject.)
and I’m not the evil JB. i should change my name.
As soon as Jon najarian (sp) said the only way to play the growth stocks is to short them, we got that rally.
Fuck that ponytailed asshole.
FLY have you ever given a career in WWE a thought?
OA is singing the blues and ChessNwine is at the high.
is the iBC rotation done now?
no the fly will always be on top.
Even a further 20% high beta oversold rally after today’s gains won’t come close to making you whole.
You need a real bottom and return to the QE hot money melt up days.
Who said I had to be made whole?
First recover some assets, then work out a kill strategy.
yup, now he only needs a 32% gain to break even.
Oh, and looking at some of your positions today, you could infer you were probably down close to 28% as of yesterday’s close, Bravo
mid day, sounds about right
+4% day sure is nice lately I imagine
That’s doable with these high beta names.
Ya. Fuck you IncomeTrader
I got your back, Fly
Fly – I’ve watched you dominate the markets, out here in the open, for 7 years and have no doubt that you shall continue to do so in 2014.
I have every confidence that you’ll come up with a winning plan. You are a fighter, Sir. You’ll punch and kick your way to new highs, I have no doubt.
Looking forward to your next big move.
^^ Hey, Fly hates the auditor, lay off with his blogging record in public, sheesh
No it’s ok. I like praise. It helps support my inflated ego.
up, up and away fuck the shorts.
I am not ditching my old man dividend stocks yet. I’ll wait to see a turn around and then follow Dr Fly ‘once more unto the breach’. I have followed Fly for a couple of years and joined PPT in appreciation of the money he made for me, but I’m not ready to jump back in yet.
They say there is no growth than Alibaba posts 1.3 billy in net income. Watch out shorts.
Fly, thanks for sharing your thoughts with us over the past few weeks. It has been invaluable in understanding my own trading/mindset during drawdowns and is more courageous than all the “pros” on here that are minting coin with every turn of the market.
-Chris
-1% YTD. Only +9% last year. I think my two year average may be nearing The Fly’s. WHo’d a thunk it.
I’m still up 38% from last year. Not even close, pal.
the year is only 4 months old asshole.. How’s the polluted filth water there in Brazil today! yummy..
Hey….I WILL FUCK YOU UP “boy”. I will seriously make you my little bitch….
And as a Doctor of Podiatry, i will ensure your feet maintain good health.
Correction: 28%. Still not close
In that same time — the SPY is up 29.3%, the QQQ is up 30.6%, and the IWM is up 31.8%.
Well done, #shomp
Well excuse me, fucked face, I just had a 36% draw down .
How much did you make?
well, fair enough….for some reason i thought you were up 30ish percent last year and had wiped most of it out.
Well played, sir. I still stink.
But my day is coming.
Hi, I am Barry Ritholz, I shit in my Depends diapers daily. Thank you!
Ritholz is the financial bloviator like Baldwin is the celeb bloviator..both worth less than a hot pile of shit
I dont understand why you flame Barry here?! HE DOESN’T FUCKING BLOG HER SHITHEAD
Were I to win the powerball for lets say… 400 mil… I would keep like 10 mil and then I would appropriate 391 million fucking dollars to crush CNBC. somehow with young hackers or something.
What’s better than earnings season plebs? Sell everything like 2 mos before… yea, your stocks missed, hit, FAILED TO MEET EXPECTATIONS, buy them back, slowly, in small pieces.. ride them up.. it’s not rocket science! ITS FUCKING RIGGED. PLAY THE RIGGERS!
I still don’t understand why bears and bulls get in arguments about market direction. I like to play both side and make money in both directions. I guess that’s the difference between a trader and a speculator.
.
… well, pardon the profanity but …
that U-turn today was about the most suspiciously crooked, fucked up, manipulated shit that I have seen in quite some time !
Theatre Of The Absurd !!!
.
Nothing is more absurd than betting against stocks
.
… that said … I decided to take a spin in the “FAZ mobile” today !
Sunroof open … breeze blowing my hair … it just felt right !
.
.
NOW…
… if I can just find my damn Grateful Dead road mix CD !!!
.
.
… Ahhh ! There it is !!!
ROAD TRIP !!!
.
Believe me when I say that your losses for the year are worse than -24%.
How do you figure my losses are greater than 24%.
Please, show me
it looks like the Naz just bounced off the 200d that’s all.
now time to squeeeeeez the shorts a little.
fly if u r up 28% last year and down 24% this year, then why are you in so much stress.
net/net u r down just 4%? which means NOTHING. you can sell all or sell half and ride the up/down momentum in many stocks including blue chips like V MA AXP HD etc.
so i am leaning with “I call BS.”. u losses r way way way higher and that is stressing u out.
I was up almost 70% last year.
Why am I stressed?
36% drops will do that to you
I own MA , by the way.
You people are really sad souls. You think I’m lying about everything. I’m stressed the fuck out because of a mammoth fuck up(yes, down. 36% in 6 weeks is mammoth) and for some reason you guys think my losses are greater, which is the only reason why I am stressed. As if -36% from the top isn’t reason enough!
Nice call on CWEI, Fly. You were talking about this stock in the high 30’s.
Cwei is beast
You people are true fuckheads
China beats on GDP. All you “shorts” are fucked tomorrow. Goodnight.
Big up day tomorrow
I saw your tweets and wanted to know, besides myself, how many &@#€heads have you positively identified?
Hell ya to China!!!
http://www.youngmoneybull.wordpress.com
1. I didn’t listen to myself
2. I didn’t follow the trade plan
3. I used the PPT for all my screens
4. Quick math equal weighting no dividends portfolio is up 9% from december 23rd open…PPT wins again
5. To all the asshats that are about to rip my post to shreds you are the vilest creatures of the interwebs and should be taken to a public forum for a proper lapidation
Listen to CNBC and short growth into tech earnings and Chinese data and this is what happens. LOL.
.
… serious damage has been done to the charts !
RALLYS WILL (almost certainly) BE SOLD !!!
—–
I am SHORT a bit here … and lookin’ to get SHORTER !!!
.
.
… tight STOPS in place !
.
.
Now, if you will excuse me …
… it’s time for my “Lithium” !!!
😉
.
Respect to you for putting it out there. We can agree to disagree
.
Thank you … I think !
—–
Gotta say … still stingin’ some from that “creature” characterization last night !
At least I now know your true impression of the internet persona known as “alf44” !!!
GLTY
.
Do doubt. I will lighten up and sell some calls tomorrow.
The comment section here is not only informative but entertaining too. You come across as a mini-Keith McCullough but somehow way cooler. Just jesting.
I am short Chinese solars and long Mongolian yak futures. Am I in trouble tomorrow? An inquiring mind would like to know….Thx
Gotta say.. I really don’t understand how anyone can be short (read: net bearish) right here. We just had our first nice weekend, weather wise, in Boston. Everywhere you go, money was being spent. Restaurants had long waiting lists. Retailers were busy. Tourists are arriving earlier than ever for the marathon. There’s new construction going up EVERYWHERE (apartments especially).
Things are great. On top of all that, interest rates are still incredibly low. How in the hell can anyone be bearish?!
Figures, There was so much gossip today that Japan was going to talk about weakness tonight that the Cocaine Addicts threw a party. Well, they didn’t, and they aren’t even going to get worried until June. I always know, if my Nice Sell Offs get messed up, there is a Smiling Central Bank behind it…grrrrrrrr.
sorry if i am badgering again mr.flyofly.
now u telling 70% up last year and 36% down and net/net r u up 34%?
confusing. if you are down 36% net/net then i agree it is big. but if you put 100 bucks and it went to 170 and then you are down to 134 now that is NOT a big deal at all.
if above is true, why is fly behaving as though fly-in-ointment?