Fly on WallStreet: Closing Comments

Monday, February 05, 2007

Closing Comments

I got fucking smoked today, losing more than 1%. Death spiraling action in MVIS, AAPL, BWLD, HANS and IVAC contributed to the bloodbath.

Typically, my blend of positions has served as a great forward looking indicator for the general market. Unless today was just a bullshit, crush Broker A and move on day, we are doomed-- near term.

Sorry, I don't make the rules.

On the brightside, my LMT,TKO, GD and VIP positions did fine. However, I can't help but notice the gunpowder taste, left in my mouth, from getting shot in the face by my losers--all fucking day.

Because of this experience, I am shifting my bullish position to neutral. That's right, I have abandoned you bullish fuckers, in the middle of a mountain climb.

Finally, I saw a big shift to Utilities today, with nice gains in ORA, FE, SBS and EXC.

# posted by Broker A @ 4:04 PM

Comments:

Don't shit your pants in fear just because the Fly5 index was down. Dude, 3 of those are speculative, aapl is a battleground, and hans is...well it's hans.

# posted by

mike : 4:24 PM

I own more than 50 stocks.

Trust me, the Fly indicator works.

Beware.

# posted by

Broker A : 4:31 PM

Lots of toppy looking chart formations out there. DJTA failure, etc. Fly could be right. Even the chart of our beloved little friend does not look so good.

# posted by

Kidstock : 4:44 PM

It's the darkside. Fly, don't forget your flashight and other essentials during the journey.

# posted by

TraderCaddy : 4:46 PM

You guys are nutty.

# posted by

mike : 4:51 PM

Saturday it was ADY, but tonight sounds like homework with bonds. And tradercaddy sounds like he's still playing Zork.

# posted by

Anonymous : 4:54 PM

One of my most dreaded BEAR MARKET indicators triggered today:

Erin Burnett annoyed me LESS than viewing my Stock Portfolio!!!

AAARGH!!

# posted by

digitaldoofus : 4:58 PM

What's with you clowns today? Down a couple nickels and your balls shrivel.

# posted by

mike : 5:04 PM

Not to worry. I'm sure tomorrow Erin Burnett will POOF her hair back up to its normal megalithic volume, and she will annoy me greatly with some more stupid remarks -- thus triggering my reliable BUY BUY BUY signal once again!!!

# posted by

digitaldoofus : 5:08 PM

I am on full margin at the moment. I really hope this market keeps going up.

# posted by

matte351 : 5:26 PM

Sorry. You are all doomed.

# posted by

Broker A : 5:31 PM

mde, what stock(s) do you own?

# posted by

FMT : 5:51 PM

hans, nmx, ma, rack, goog, tlab, ge, t, bby, akam, bwld, mo. Each position is average $40K.

# posted by

matte351 : 5:56 PM

so, are you going to be posting any shorts?

# posted by

MyFriendFate : 6:27 PM

I like SIGM.

Let me know what Gilder says about MVIS.

# posted by

Broker A : 2:15 AM

Fly,

I look to the performance of the U'tes for clues on the direction of the market. Yesterday's breakout of the DJUA was impressive, yet shares of individual names looked like death warmed over. Neutral is probably a good stance right here until we get additional clarity. The good news is that a couple of your holdings were upgraded this AM. Perhaps the crush Broker A phenomenon is a one or two day respite.

Good luck

# posted by

Kidstock : 7:50 AM

To the MVIS followers on this blog,

I have followed MVIS and Gilder for many years. For the first time since they started covering MVIS, Gilder is actually behind the curve. Burger does not realize the arrangements made by Tokman with the CDM's and the PicoP is being desingned for mass production with the help of Corning, Novalux, and the yet to be named Asian CDM. Anybody that lets go of a single share at this point has scrod juice for brains.

# posted by

Longhorn : 9:49 AM

Fly on WallStreet

Monday, February 05, 2007

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