No fucking way we escape the “homo-hammer” today. Frankly, if we’re not down 3%+ today, I will be appalled.
However, since the market is down, it is possible “helicopter Ben” will swing by for another 25 bps cut or two.
Seriously, if you’re bottom fishing in this tape, you need to have your head examined. Perhaps you’d be safer eating breakfast at your local mental institution, than at work—buying stocks.
Just a thought.
Real quick, I will sell short more [[DECK]], while bulking up on [[SKF]].
Also, considering the consumer made a comeback yesterday, I want to sell her short, via [[SCC]].
Essentially, the game plan is to prepare for sudden death in the market today.
Developing…
UPDATE: I’m also buying [[REW]], on that [[AAPL]] mess.
If you enjoy the content at iBankCoin, please follow us on Twitter
My baby KBH is finally coming home. Thank you Bernie.
Thanks for the SCC. I was just scanning ETFs looking for a way to short retail/consumer after yesterday’s ‘rebound.’
Those goddamn bond traders are undoing my rate cut! I’m gonna have to fire up my whirly-bird for another drop.
The “homo-hammer†swings both ways. Be careful with your inverse ETFs or you may be its next victim.
Holy Helium, Batman. The Illuminati does not want this market down.
SKF is looking ripe for the picking here. There is no reason for the financials to rally for a couple of months.
I just entered some cmo.
Hmm. When will the folks buying FXP at 107 panic out?
When they stop snortin’ the CRANK, man!
Wow. The buying won’t stop! Just wow. What is going on? It’s unnatural if you asked me.
Hmmmm… “homo hammer?”
“Batman?”
Is there a Heath Ledger theme running through the forum today?
We were a bit stretched oversold Pros. Due for some kind of liquidity rally here.
I went from 133% short to 3% short and 28% long in a day and a half. How the fuck did that happen?
If the Yen weakens today the market will continue rallying. A major factor in the weak open was the rise in the Yen overnight.
what is a good exit on dig DUG?
I’m thinking of going from all short to cash for a nice weekly return.
I learned with MVIS – take the $
I would be surprised if we don’t get up 2% or more on SMH in afternoon before a possible selloff.
I think after the wiseguys are done buying financials, retails, reits & homeys, and the short covering ends there, we head down again, in earnest.
Maybe thats asking too much.
Or maybe all that shit is telegraphing another fed move shortly.
everything looks horrible except… mvis, which is starting to show some resistance to getting shoved down any further. what about a strategy that says “buy now, and mvis will pay you a 50% dividend to wait around till 3Q-4Q to see how things are going”. The stock could easily rise from the ludicrously overshorted to merely badly oversold (around $3.35-3.50) in the next 6 months. Risk, of course, is competitive newsflow till then.
meanwhile, short more solars, it’s good for you.
down with Rockefeller
DUG
How about some MVIS, would be great to buy it this cheap, but a secondary is very possible.
forget homo hammer were talking castration, tar and fethers!
look for tuesdays lows over the next couple of days.
I think that’s it for now boys. We just bounced off the 200 EMA (weekly chart) for the first time in over three years. I am lightening up on all shorts and going into cash until this thing bases. I will then go long only if we break the down trend line. But who am I, I’m the fucktard that loaded up on AAPL shares last night. Whohoo! Seriously, Dow 11,723 will hold and serve as floor until another round of shit hits the fan.
BTW – SBUX good for a bounce.
The high P/E stocks are just done, you just can’t play for a bounce in these things… lovely seeing my solar names (short) showing some real breakdowns…
What about SRS here Fly?
Pisani says that hedge funds are rotating into/buying financials and retail here … and Fly is shorting the consumer and financials again … I’m with The Fly!
So does DECK hit $100 by 2PM or 3PM?
THEREÊ»S ALWAYS NEXT WEEK. the market has been so volatile that it wouldnÊ»t surprise me if weÊ»re down again…
let the bulls have a few days… weÊ»ll have the months & years