I don’t care about Ferguson police plays, like MAGS, DGLY and ISNS. They will be faded and late comers will be crushed. I don’t give a damn about chinese burrito stocks or the biotech du jour of the moment. Right now, all that matters to me is allocation and how XYZ might fair in the coming correction. I expect to lose money, being that I have plenty of money still invested. However, I expect to lose less than everyone else, and perhaps take a profit or two in several of my defensive positions.
But the ultimate goal here isn’t to bury my head in the sand and/or migrate to Romania–live out my days as a naked goat herder. I intend to, as is always my custom, to buy your margin liquidation.
If you recall back in March-May, I was in fact liquidated and you bought my margin call. It was an odd twist of fate, a karmic reversal of sorts, since I was the one who was bearish a few weeks earlier and had predicted that very correction months in advance. What happened then could only be described as destiny. I was supposed to endure the pangs of horror, loss, and absence of respect from my peers and underlings–because it made me better for it.
As I speak to you now, I am a man filled with confidence, a chest filled with pride, a person who understands the plight of the disenfranchised. I thank Mother Market for this gift every single night before bed.
However, all of these lessons, the vagabond tales of iniquity, have led us here–to a cross roads where you and I shall parlay again–to sort out our differences.
I will not lose this time around–rest assured. On Jupiter’s Stone and all that is valuable in the ancient scribes of Alexandria, “The Fly” will have his revenge and the first course is going to be gazpacho.
Aside from that, I wish you good luck and happy hunting!
If you enjoy the content at iBankCoin, please follow us on Twitter
what do you think of MBLY?
love it, long term
In Romania, you would be King of the Gypsies.
I am such a King, in absence.
‘in absentia’ sounds more distinguished
I have to wonder if The Fly, M.D. has also a PhD in English and Literature.
A “crossed roads.”
Having gazpacho tonight, for it is that time of year.
The Fly will buy back everything at higher prices, just like the rest of the faux prognosticators
Ferguson bubble for sure.
Legacy penny stock 1000:1 reverse?
Holycrap. Yes ACTC at $9/share
Was 7cents a week ago
Probably get hit with a secondary now
i’m trying to picture the naked goat herder
with his dog chasing his willy
A life long dream, naked in Romania. One day if the stock gods are kind.
Buffoonish stuff, what happened to you FLY?
Happy hunting to you too, Fwy.
How would you play longer term holds? For me, my two major holdings are FB and GILD. Better to take some profit and wait for pullback, or just endure the short term pain? Appreciate the insight as always.
Never take profits–just hold
Thank you for the response and reassurance Fly
If ECB goes all QE (in euro terms) tomorrow we go bannanas to the upside stocks and TLT if it’s hawkish and they don’t do any kind of purchases then we correct and rates rise
Fly, this cannot be le’ top. Alas, average “Joe Zecco” still has significant cash allocations in the 401k, he shall be fleeced again, but he must get the good olé “Dow 36K” OTB juices flowing first…
Blogger survey cited 27 year low in bearish sentiment. This is the top
InvIntell ratio does have it higher than ever
I would say if it’s a top it is for other reasons
Sentiment just a concurrent indicator
Ordered the gazpacho once, had to send back. Damn girl, this is cold, take it back and give me a bowl of chili.
My crystal ballz say we go higher.
Fly, u still holding WFM??
Fly,
You havn’t mentioned or posted YTD record, just curious how your recent success has effected your grind back to even.
Thanks!!
The chicken bones are up this AM but 32 minutes ’til Draghi time.
Jeez what a snoozer of a response. Looks like it may be a different catalyst today.
On second thought, I think the response was not good… Europe should have started QE like 2 months ago. When it finally does, it may be too late, but probably not.
Bruce, step aside the men are talking here.
good ol Draghi turning on the spigot right as Yellen is turning hers off.
Oh didn’t see that in the first report.
Something stinks about this, a lot of stuff kind of saw toothy.
US equity indexes make new highs…
Sir Fly, your top call has been met with the backside of Dragi’s hand.