Tuesday, February 27, 2007
Closing Comments
I threw so many things at my trader/servant today, I think he left the office with a broken arm.
Today, my "calculator brain" malfunctioned, causing my holdings to drop a staggering 6.5%. In other words, I've been poleaxed.
Also, whoever owns that internets robot who sold all that stock, which caused the DOW to get raped for another 200+ points, should be dropped into a flaming volcano.
I did a lot of selling today. Pardon me for not posting "Fly Sells," I was too busy having my head sawed off.
All in all, I now have an 8% cash position--selling a myriad of big cap stocks.
With the cash, I will open up short term trading positions--long or short. Right now, I have no bias. I will use the market, like the filthy whore it is, to my advantage and try to get my money back. Fuckers.
Finally, I suspect the Asian markets will be skinned alive tonight. Best case scenario, the market "mushroom clouds" itself tomorrow, then rallies hard off the bottom.
If the market rallies, I will buy AKAM, AAPL, CENX, EQIX and HANS. However, if it falls down a manhole, I will sell short LFC, AGE, ATHR, ANAD and AMKR.
Off to go drink some "rich man's whiskey."
Today, my "calculator brain" malfunctioned, causing my holdings to drop a staggering 6.5%. In other words, I've been poleaxed.
Also, whoever owns that internets robot who sold all that stock, which caused the DOW to get raped for another 200+ points, should be dropped into a flaming volcano.
I did a lot of selling today. Pardon me for not posting "Fly Sells," I was too busy having my head sawed off.
All in all, I now have an 8% cash position--selling a myriad of big cap stocks.
With the cash, I will open up short term trading positions--long or short. Right now, I have no bias. I will use the market, like the filthy whore it is, to my advantage and try to get my money back. Fuckers.
Finally, I suspect the Asian markets will be skinned alive tonight. Best case scenario, the market "mushroom clouds" itself tomorrow, then rallies hard off the bottom.
If the market rallies, I will buy AKAM, AAPL, CENX, EQIX and HANS. However, if it falls down a manhole, I will sell short LFC, AGE, ATHR, ANAD and AMKR.
Off to go drink some "rich man's whiskey."
Comments:
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Fly, the money honey is reporting that the DJ's computer system got behind at about 2:00 and ran behind for almost an hour. When they switched over to another system, the backlog of trades all hit at once, causing the 200 point drop. However, they claim that no individual stocks were affected. I think that is bullshit as I was getting crazy ass quotes all day and lagging bids and asks.
After today, I think I'll have to settle for poor man's generic bourbon rather than your "rich man's whiskey." OUCH! My only good news today was the stuff I sold on Monday. Everything I kept sucked ass.
Wow, 6.5%? I don't feel so bad today. I ended down just over 2%. I had about 15% in cash before today and put about half of that to work late in the day. I think we see a bounce tomorrow and more selling for a couple of weeks, at that point. I'll be putting the rest of my cash to work (throwing things at myself?).
" I figure today's smack in the face sell-off was the admission fee to ride this rally, we just paid at the end of the ride." -Gio
Haha, i just quoted myself. I too am going a little delirious as you can see.
Hey Fly, is it normal for a program to sell over billion dollars worth of shares? When it hit my screen, I couldn't believe it. Then my online broker shut down around 3pm, probably because of huge backlogs and 3 kazillion Chinese guys selling their stocks.
...I haven't seen this much blood, panic, and imbalance on the street in a long time. What do you think about the put/call ratio that spiked to 4 yesterday? more interestingly, what do you think about the record margin borrowing on brokerage accounts?
It sure is confusing and frustrating right now. Better just shut off the monitor and come back later.
Haha, i just quoted myself. I too am going a little delirious as you can see.
Hey Fly, is it normal for a program to sell over billion dollars worth of shares? When it hit my screen, I couldn't believe it. Then my online broker shut down around 3pm, probably because of huge backlogs and 3 kazillion Chinese guys selling their stocks.
...I haven't seen this much blood, panic, and imbalance on the street in a long time. What do you think about the put/call ratio that spiked to 4 yesterday? more interestingly, what do you think about the record margin borrowing on brokerage accounts?
It sure is confusing and frustrating right now. Better just shut off the monitor and come back later.
I have seen this before. The selling is not done. Over the next few weeks, there will be margin call pressure on the markets.
In short, it may be wise to keep tight stops and open up short position.
Watch the Nikkei tonight get eaten alive.
In short, it may be wise to keep tight stops and open up short position.
Watch the Nikkei tonight get eaten alive.
Broker you are such an idiot. You write everything you hear on CNBC.
Margin call pressure... the market is complacent...don't get suckered in to believing the bottom...and on and on..
You are a joke.
Margin call pressure... the market is complacent...don't get suckered in to believing the bottom...and on and on..
You are a joke.
MMX:
Go fuck a goat, then eat a dick.
I am in no mood for you kind today.
Also, it's worth noting, you are a hatfucking, dickhanded, tea bag-- who prefers to cross dress as Jim Cramer's mother on the weekends.
Fuck off.
Go fuck a goat, then eat a dick.
I am in no mood for you kind today.
Also, it's worth noting, you are a hatfucking, dickhanded, tea bag-- who prefers to cross dress as Jim Cramer's mother on the weekends.
Fuck off.
C'mon, big man, you can do better than that. Here, I'll tee one up for you:
"I ended the day down 0.3%."
(Actually I did a little better, but that's how my holdings at the open fared, sans intraday trades.)
"I ended the day down 0.3%."
(Actually I did a little better, but that's how my holdings at the open fared, sans intraday trades.)
lot of confusion in the playroom today, missing lunch money, stolen blankees, name calling.
i don't know if it's a correction or not. call it whatever you want, but don't make the mistake of thinking it's over in the am. i'm not adding to my qid's, target 60, but i'm not selling them either, they were up 8% today, and put me solid in the green.
i differ with broker a on one major thing: aapl is going south, and i will press my short on it in the morning. (if you are up > 5%, congrats, indexes are all negative ytd)
would like to reenter hans, holding 20% in qid's, looking to pick up intc < 19, will pick up ads < 60. covered ba today.
i don't know if it's a correction or not. call it whatever you want, but don't make the mistake of thinking it's over in the am. i'm not adding to my qid's, target 60, but i'm not selling them either, they were up 8% today, and put me solid in the green.
i differ with broker a on one major thing: aapl is going south, and i will press my short on it in the morning. (if you are up > 5%, congrats, indexes are all negative ytd)
would like to reenter hans, holding 20% in qid's, looking to pick up intc < 19, will pick up ads < 60. covered ba today.
Thanks Howard.
Richard--
At the end of the day, after selling millions of dollars in equities, i took a stab at AAPL and HANS.
In short, I expect the market will trade lower. However, I intend on buying-- on the way down. Naturally, I will do it in small increments to get a decent average cost.
As for hedging:
My first post today highlighted many double inverse ETF's. I will likely take on some shorts tomorrow-- no matter what the market does.
Richard--
At the end of the day, after selling millions of dollars in equities, i took a stab at AAPL and HANS.
In short, I expect the market will trade lower. However, I intend on buying-- on the way down. Naturally, I will do it in small increments to get a decent average cost.
As for hedging:
My first post today highlighted many double inverse ETF's. I will likely take on some shorts tomorrow-- no matter what the market does.
Ha! I love it how you keep making things up. Your first HANS buy was at 28 and you kept buying higher so your average must have gone up. Dude you are a loser. Come on seriously, how much did you take it up the ass? Earlier this month you gave all your gains back in a minor 2 day pull back. After 400 point decline today and you are still up 5%? HAHAHAHAHAHA I know it and you know it. You are pathetic and a lier.
Howard: You are right it is called risk but this fucktard (broker) has no clue how to manage risk.
Howard: You are right it is called risk but this fucktard (broker) has no clue how to manage risk.
MMX:
What would you like me to say? Would you prefer I say what you want to hear, in order to satisfy your pathetic existence?
You do realize, you are the equivalent of a heckler-- only you do it from your bullshit chair, behind your bullshit computer.
If you would like me to continuously tell you "fuck off," then you are welcome to keep stopping by.
In short, you offer nothing but pure asshattery, equal to Jim Rogers' opinion on internet stocks or Erin Burnett's hair styles.
What would you like me to say? Would you prefer I say what you want to hear, in order to satisfy your pathetic existence?
You do realize, you are the equivalent of a heckler-- only you do it from your bullshit chair, behind your bullshit computer.
If you would like me to continuously tell you "fuck off," then you are welcome to keep stopping by.
In short, you offer nothing but pure asshattery, equal to Jim Rogers' opinion on internet stocks or Erin Burnett's hair styles.
"1e5 USD Etrade" is the best you can do? I guess it was a tough day for you. You have my sympathy, big fellow.
Me, I'm off to check currency futures in Asian trading. I have some short-carry trades to unwind.
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Me, I'm off to check currency futures in Asian trading. I have some short-carry trades to unwind.
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