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Trading with The Fly

Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,417 Blog Posts

ANOTHER 100 NASDAQS

Dr. Fly Thu Aug 27, 2015 11:47am EST 9 Comments

I didn’t miss the rally, since I’ve always had 45% exposure. But I’ve missed the inflection point rally and now stand before you ‘supreme jackass’ of the first order.

So many stocks were being tossed away, liquidated by the Third Estate in frantic manners. I managed to sleep through the whole affair. Oh well.

Life goes on.

Oil and gas stocks are rallying hard today and I’m making up more lost ground in a few key names. I’d rather dive into a waterless pool than chase a plus 1,000 rally, so it’s popcorn and the couch for me–3-D glasses and the like.

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9 comments

  1. the_wolf
    the_wolf
    August 27, 2015 at 11:54 am

    i’m thinking,…shorting this rip,
    overhead resistance at 1980 ish s&p
    everyone seems ultra boolish
    always do the opposite = short,
    what say you,……

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    • joyous__ending
      joyous__ending
      August 27, 2015 at 12:45 pm

      >i’m thinking,…shorting this rip,
      Ballsy
      Tomorrow is likely calm,
      next week should bring you some reward

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  2. Dr. Fly
    Dr. Fly
    August 27, 2015 at 11:57 am

    no shorts for me

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  3. vandamme
    vandamme
    August 27, 2015 at 12:07 pm

    Popped corn!

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  4. heckler
    heckler
    August 27, 2015 at 12:13 pm

    oil man up Fly – do you like SLCA?

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  5. gorby
    gorby
    August 27, 2015 at 12:22 pm

    Pazienza,Pazienza

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  6. mongoosereflexes
    mongoosereflexes
    August 27, 2015 at 12:44 pm

    I feel stuck in SLCA from 28…Dr. Fly, you think this one comes back eventually? You liked it before.

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