JUST ONE MORE BITE

Please, for the love of God, one more bite…man.

I added to my XONE position.

Timing tops is for complete morons. I will attempt to limit my exposure to sheer idiocy by simply removing money from the market, when profit taking calls for it. I am not going to short stocks or get long volatility. If anything, I might add to an already large (25% of assets) TLT position.

Early this morning, DSW posted much better than expected results. The stock has been in the penalty box for some time now and this beat caught people by surprise.

There will always be pockets of strength. A good trader will be able to make money, even when breadth stands at 30%.

Nevertheless, it would behoove me to not heed my own advice, yet again, by not proceeding with caution now, ahead of the Fall season.

Typically, I am subject to wild and erratic  mood changes, which can/cannot lead to one hundred and eighty degree thesis changes. I am always open to the idea that I am wrong. Therefore, nothing is written in granite, sir (are you interested in game shows or not?). The world around us is evolving and the facts on the ground change, on a continuous basis (how else would they change, jackass?). So, take what I am saying to you with a grain of salt (toss it on a steak) and understand that I am especially cautious now because of my earlier woes (extra 4 horsemen).

Having said that, prepare for a final leg higher.

Immediately following the high valuation collapse of 2014, I told you the market would follow the path of 2000, luring people into a false sense of security. Well, here we are, attempting to hit epic highs. The ‘bubble basket’ that I created back then is back to break even, +20% since April.

I will keep this very, very simple.

You are feeling good now, almost euphoric. Everyone is bullish again and the pikers are having a field day.

NOW IS THE TIME TO SELL, before the disgusting filth in the streets figures it all out.

Unwind young man. For the love of God, unwind.

The ever living Fly calls upon the ancient spirits to transform CLDX into an evil biotech winner.

Winship.

I’d like you to inhale the fumes and the dust that I leave in my trail, as I blaze towards par. The very essence of your trollery is now called into question. Everything you’ve fought and not died for is going up in flames.

I invite you to sell short my biotech holdings: ICPT, CLDX, CBST, JAZZ, SGEN and most assuredly GILD.

Today is going to be a big day. If forced to place my testicles atop a kitchen counter whilst speed chopping carrots, I’d place my XONE position right alongside with them!

I am here in the north east corridor of the United States, where the air is brisk and the people are smart. I see futures are up sharply and the 8-balls are being placed, ever-so-neatly- on the crystal tables.

ITMN caught a huge buy out from Roche, which should lend support to any decent sized market cap biotech–like CBST, which is my largest trading position.

In summary, all that is good and honorable will be on display tomorrow, as I chauffeur Mrs. Fly around Newport, like some sort of indentured servant.

Alas the luxuries of marriage, where a man gets to purchase his own prison cell.

Let this serve as a monument that both elevates “The Fly” and disgraces all of you. Here I am, willing and able to donate money towards the great cause of ALS, and all you had to do to save lives is pour a single bucket of iced water over your heads.

The results are in.

Out of the thousands of people who visit iBankCoin on a daily basis, in gluttonous search for opportunity to ingratiate themselves, ZERO people accepted my challenge.

A great shame shall be placed upon your house now.

To be honest with you, I am not surprised, not in the least. I expected maybe 5 or 6 “stragglers” taking me up on the challenge, dedicated ‘do-gooders’ trying to save the planet from plague. But I was mistaken. Blackness infects your inner spirit and it has made you into a miser, an opportunist, a regular Eddie Barzoon.

NOTE: I am off for Newport, RI tomorrow and will be hit or miss on Monday and Tuesday.

Unfortunately, because I am in possession of sensitive state secrets, I cannot partake in the #IcedBucketChallenge. However, being the generous guy that I am, Le Fly is willing to donate $1 per #IcedBucketChallenge –that our readers accept. I invite 10,000 of you heathens to take the icy plunge.

To accomplish this task, all you have to do is record a video, obscure your hideous faces if you like, and say the words “I accept the iBankCoin Iced Bucket Challenge”, using your internet name. Feel free to call out other members of this establishment. Post the videos in the comments section. Thank you very much.

However, for those of you who think they can call me out: I have a message for you.

A final note: if you do not accept my challenge (extra Van Damme voice), you will be guilty of great crimes and a hideous disregard for the dreadful disease called ALS aka “Lou Gehrig’s disease”.

To kick things off in stylish fashion, I hereby challenge Phil Pearlman, Howard Lindzon and Josh Brown. They have, ALL OF YOU HAVE, just 24 hours to comply.

Good day.

I sold out of EXAS–because it was a trade. When +10% inside of 3 days, one needs to act upon his instincts and take the money. But I am far from over here. I want to clarify something that might’ve confused you in a prior post. Since placing a large portion of my liquid net worth into the market, about a month ago, I’ve been talking two books: one that is managed and another that is mine. Inside of my personal account, TLT is my largest holding, followed by GILD.

In my managed accounts, my largest holding is CBST, followed by a stock that I am about to reveal to you right now.

With the proceeds from EXAS, I swung around and did two things.

1. I added to my ECOM position.

2. I started a position in XONE.

But I didn’t stop there, young lads. I took all available cash and idly tossed it into XONE–because I want my gains to be in 3-D too. It’s not good enough that I make money in boring stuff, like TLT and SLCA. My predatory nature demands that I extricate large sums of dollars from the purses of the laconic sub-mentals, in hog-butcher fashion.

I sold EXAS for a 10% gain, over 3 days.