In short, it appears the reality of run away inflation and a fucked consumer is finally hitting home, leading to knifing equities. If you’re lazy and want a broad basket, go with ]. I can’t stand the market, with its constant “pricing in” mechanisms. I must admit, “The Fly” would love to see this market trade down to, oh, let’s see, 9,000 Dow. However, if we are to retest the March lows, shouldn’t that already be “priced in,” effectively allowing the bulls to shit down the decapitated necks of the bears? Fast forward one day, we are now setting up to retest the March lows. Just yesterday, we were heading to 15,000. Oh boy are the bulls a nervous group of loosers. For now, “The Fly” will gamble a little in oil, while throwing eggs out of his office window-striking the piker brokers smoking cigarettes and drinking coffee down below. In closing, I do not feel like adding to my short positions. In addition, recent positions in PCZ and AUY provide further proof of “The Fly’s” greatness and asset to the financial community. The stock must trade 10x normal trading, in order to make it worthwhile-for a trade.īack to the real world, FTK is working for me, like an indentured slave fetching lemonade on a hot day. When shoveling through shit, you want to look for the stocks that are spiking with volume. TMY, END, BDCO, GGR, SYNM, USEG, URZ, AEZ, TRGL, BMD, JDO, BCON, MPET, QTWW, GSX, BQI, SSN, TGC, EGR, AOG, LEI, BPG, HKN, PDRT, EPM and PRC. I’m sure the market will eventually collapse but for now, I feel like trying my hand at some oil gambling.
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