Listen to me now.
Avoid buying dips like a fucking moron. Don’t you have eyes? Can’t you read the fucking news? You’re so accustomed to the news and facts not mattering, you’ve blocked it from your idiot brains.
Do yourselves a favor and explore the possibility of being long bonds now. Why bonds? Because when the shit hits the fan, mind you, US treasuries are safe harbor.
Why?
Because when FUCKERS like me sell stocks — they don’t go into checking accounts — because the FDIC doesn’t insure for large amounts. The proceeds head into treasuries. Plus, now we have a market rout and people view bonds, especially the long end, as a great alternative to getting fucked on a minute by minute basis.
I stepped in and bought TLT here — 10% position.
Also, I bought some SOXS — because the semis are woefully exposed to China.
Bear this in mind, this recent chop has created a FAGbox. Do you think we’ll hold this range, or break lower? Do you really believe we’re gonna break higher? REALLY?!
Mornin Fly, Im sure you have bigger fish but about capstone and exodus are they platforms/info that would be practical and a good idea to someone like myself that only trades a few times a month compared to a more frequent trader? thanks
Exodus has a wide array of tools that can help you build strategies and a very active trading room with sharp people.
Capstone is a 1 on 1 service, which will launch on Friday, with me doing screen share boot camps or mentoring, to help you make smarter investment decisions.
Both are great. Capstone will be all me. Exodus is tools + community.
Thanks, I recall that capstone list of topics looked sick and a bit daunting but I dont mind learning and have been a value line reader for years. I just dont have the time/position to make daily moves so Exodus does not seem like a good decision. Despite it containing many tools daily trades just are not my style. Look forward to reading more on Friday!
You missed the boat, Fly. Look at MU. 50% China sales, right? It’s been steady up since the gap down. I’m strong-long, buy when others are scared
First traders beleive Trump when he said he made a great deal (Monday), now they beleive him when they think he’s goign to fuck himslef over. The market is fucked, but that will be later.. It’s not Friday, so the market has bottomed for the week.
What boat? This fucking thing just started. Are you delusional?
If I am, I;m not the only one. Look at NFLX. The damn thing is unchanged for the day. Major dip buying, too much monetum to get i nthe way.
Note that APPL stopped it’s downward momentum before it hit last week’s low ($170.26), ie higher low,
Look at the VIX chart. Already falling again. Now look at the 1-yr VIX, How often do you think we get a big initial daily spike, settle down midway, then get a bigger spike? Not often We’ll probably get to 13 or so,and peopel will be calm, then sh!t will hit the fan again. Brexit, failed China deal, etc., I think we are done with plunges for a few days or so.
Of course, it’s still early, so we’ll see at 3.
To be clear, there is no way I’d be long this market for more than few days.
Also, I was VERY short heading into this morning (with some long hedges). After checking out the morning action, that’s when i swittched and went long.
If China trade is dead, so is Amazon”s revenue. AMZN now down <1%.
See you at 3.
long BCS
Oil is getting killed. More credit defaults and bank busts coming.
OPEC , at least some of them will say they are cutting production. Maybe only Russa.
Let’s see how that works.
Regards
Chuck Bennett
A little late if you are trying to flip it for a quick gain in the next few days. Fine if you’re holding it longer term (next 1 month+).