Beware of the Rally Made from Shit
All sorts of alarms, flashing lights and warning signals are going off in “The Fly’s” office.
Just know, when the shit hits the fan (pardon my excessive use of the word “shit”), “The Fly” will not be able to help you. You must have a game plan ready for the pending reversal.
Oh, it’s going to be awful. It will look like the end of days, part II—with all of its trimmings.
This rally is being fueled by speculative fervor. All of the low-end stocks are melting up, but the big ones are down. This tells me, we are close to a correction.
Make sure to be hedged.
Currently, I am short [[POT]], [[MER]], [[LEH]], [[FED]], [[DSL]], [[FHN]], [[CORS]], with downside exposure via [[SKF]], [[SRS]] and [[FXP]].
My bias is slightly to the upside, but will switch rapidly—as needed.
May 19th, 2008 at 2:07 pm
Wow…what just happened to CSUN? Dropped 2 points in 2 minutes at 2pm?!?!?! WTF?
May 19th, 2008 at 2:12 pmBULLSHIT SON! We are going straight up to 15,000 bitches.
May 19th, 2008 at 2:14 pmwild-eyed sell-off across the B.S. spectrum - all commodity, solar, etc. POT, X, SOLF, you name.
The end is now. Lovely
May 19th, 2008 at 2:17 pm[...] in the iBC Daily Update last Friday, is the narrow leadership which I now know is best described as stems and seeds. To quote Snoop Dogg, I like my Market to be ” no stress, no seeds, no stems, no sticks. [...]
May 19th, 2008 at 2:51 pm[...] The Fly sums up how I feel , but I am still long many stocks. [...]
May 19th, 2008 at 7:27 pm