Fly on WallStreet

Im waiting to see a fly buy on DO
 

2 min. left
 

Does your Mozilla browser come with the spyware for free or do I have to pay extra?
 

anybody know why MVIS is trading 3.33 in AH?
 

300 share trade on MVIS. Some idiot put in a market order, more than likely.
 

OK, here is the deal. I think you have to be long. As shorts, you do not have anything to hang your hats on right now. Overbought market conditions, weaknesses in semis, weaknesses in oil, or Jimmy Cramer turning bullish, nothing can seem to bring the market down in any meaningful way. Any attempts by shorts to bring the mkt down has been met by aggressive dip buyers, for the last 6 months! So, if you are a short, you have to cover and either go long or stay in cash for now. As they say: “To be wrong and in cash will only damage your ego. But to be wrong and short will kill you.” Only thing shorts have going for them now is occasional NTRI or BWLD gifts to make you stay short.

For the longs, you stay long. Don’t get too anxious and think this pull back is a start of a meaningful correction. Unless the mkt tells you otherwise, every dips are to be bought! And once you are fully invested, STAY INVESTED! Jesse Livermore said that it was not all the thinking that he did that made him money but sitting on his hands. By sitting and being long in a bull market, that’s how he made his fortune. So, unless the market tells you that the bull market has ended, STAY LONG! For now, I don’t care if you think this is the 3d leg, 6th leg, or 26th leg of the bull mkt, it is still a bull mkt so stay long. If you have pos like UNH or GE, by all means swap out and gets yourself some GILD or CTSH. However, bulk of your portfolio should stay put and long. Another quote from Reminiscences of a Stock Operator: “You know, it is a bull market”. If you know who said this and in what context, then you’ll know what I’m saying. Good luck.

Side note: According to CNN, NASA is revising its psychological screening of its astronauts after one of them – a wife, mother of three, and a captain in the US Navy – drove 700 miles non-stop wearing a diaper to whack somebody.
 

MVIS just traded a 300 share block there.. You should be ok.. No need to watch it all the time..
 

Great writing Koppenhagen! Great job. How long have you been trading and or investing stocks in the stock market? Would love to know what stocks you own.
 

it always makes me laugh when Jesse Livermore is held up as having the path to glory in the market. he died broke.

keep picking up nickels & dimes in front of the bull dozer. sooner or later, kids, sooner or later.
 

Sooner or later even a stopped clock is right.
 

yes, but a clock certainly doesn't have the wit and charm of an old short seller.
 

how about that ba kids?