Where are all you bottom callers? Much to your chagrin, “The Fly” is near an all-time high, up about 40%, year to date.
See, you thought I’d lose, didn’t you? Admit it.
You were sitting there, in your bullshit pleather chair from Staples, thinking: “look at this market rip. That Fly guy is an asshole and will lose it all.”
Fast forward one month and I’m punching your head in, like Mike Tyson in a gay bar.
Today, I had egregious gains in [[FXP]], [[SRS]], [[REW]], short [[CHL]], short [[FED]], short [[LAZ]], short [[COWN]] and a variety of other “secret trades.”
Just know this: the market is my bitch. On occasion she runs away, until I back smack her, while exclaiming: “where the fuck is my money, ho”?
Top pick: FTK
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Fly will be eating 2.5″ Rib Eyes on a bloody down day. Odd No?
Fly why did FTK go from $55 last October down to where it is now? I like your thinking here and would like to buy some size in FTK but not too sure why in the hell it has been beaten up so much over the past year or so. Can’t find any information that far back.
“On occasion she runs away, until I back smack here, while exclaiming: “where the fuck is my money, hoâ€?”
until I back smack here ?
“See, you though I’d lose, didn’t you. Admit it.”
Fly, you were right. Multiple wins for you.
However, the above post has no less than 2 egregious errors. For that, all you get is your ear bitten. No punching of gays in a bar.
until i back smack here ===> until i back smack her ears
You think you can smack the market around? Watch out for someone who carries a bigger stick and hits harder.
I have not seen Dick in a while.
If the Jersey mob went long his recommendations, he may be sleeping with the fishes.
fly
I thought you covered LEH at $32???
Fly’s
Umbrella
I meant to write LAZ.
Corrected.
Fuck you guys. You’re all hating on a “player.”
Fly has snorted LEH multiples times from 45 to 35 and so on..and now he’s found much better stacks to snort.
I was shorting LEH, up at $64.
Punch in “LEH” in the quote box and see all posts pertaining to it.
FTK?
On occasion she runs away, until I back smack her, while exclaiming: “where the fuck is my money, ho�
LOL.
She’s just lucky there was no jelly punching involved.
__
Great job Fly I must admit I am fucking amazed at how well you are doing.
On another note I have a big request, a while back you posted a sheet showing the leverage of all of the firms, can you provide me a link to it. I really need it. Thanks!
They missed numbers, egregiously.
I suspect it is a combo of incompetence with competition.
However, the business is still highly profitable and the CEO is 73 years old.
This is not my research. I trust my source on this one. He loves it.
There’s not a much better short in the brokerage universe than LEH right now. It’s only got one stop left, and that’s the lows of $20.15 or so. After that, bon voyagee, Mr. Miyagi.
_______
Thanks.
Fly did you see my question on the leverage sheet you posted previously?
no time for that. search archives.
Mom, can you please let me back in the house? I promise, no more “sissy talk” from “the little Dick” about buying banks. I need to clean up because a group of punks from iBankCoin threw eggs at me, as I was walking into Burger King for my supper, calling me “eggregious”.
Gapping may be interested…
At the end of the first quarter, Goldman’s gross assets
stood at 28 times equity, Morgan Stanley’s assets were 31
times equity and Merrill Lynch’s were 25 times equity.
While we don’t think it is likely the other banks will reduce
assets to Lehman’s level of 22 times equity, we do now
think it is probable that they may rein leverage in to the 25
times equity level.
As a result, we are including a probability in our Morgan
Stanley valuation that it may raise dilutive capital to
expedite its deleveraging process. Our Merrill Lynch model
already included the probability the bank may raise new
equity to offset any future losses
read this pdf G&Y
Alias: BPOE
I love to watch the FLY trade. He is proof that trading is an art. The FLY uses his ability to think 10 times quicker than the average trader. If you can’t think at this speed don’t try to trade all his stock picks. If you are new to trading watch and learn. Don’t try to follow him you will burn!!!!
“Just know this: the market is my bitch. On occasion she runs away, until I back smack her, while exclaiming: “where the fuck is my money, hoâ€?”
Funniest line this month.
Both good resources Danny and Morning. What I am really looking for is the sheet that Fly posted that showed leverage to equity ratios and total leverage dollar amounts for the top 20 or so firms. I forget when he posted it, maybe 2 months ago or so. My search did not find it but I don’t remember what exactly he said in the text.
Something tells me you’re full of shit and have in fact lost a crapload of money this year. Of course in your business — the internet persona one, that is — image is everything, so you have no choice but to insist on being 40% up, regardless of whether you are in fact banking coin or being banked.
Jealous fucker.
“The Fly” wins even more in real life. Go check the archives.
Now fuck off.
I’m luvin this action. My HURC short made 4.5% today that I posted here 2 days ago. Anyone else get in?
raptor, I know you just deleted your comment, but since the glorious post that you linked to NSC is down 1.3%.
Gapping:
http://bp2.blogger.com/_H2DePAZe2gA/R9sT8yG-HKI/AAAAAAAAA7k/A-SlM2Kotng/s1600-h/OCCpg1.png
Are you happy though?
I mean, really happy?
-DT
Tyson?! What, are you 40 or something? Next time, please, reference Kimbo Slice.
My wife shrieked when he busted this guy’s ear open:
kimbo got schooled the other night. schooled in the sense that his fight sucked, not that he lost. dude’s cauliflower ear broke it was the size of a baseball, that’s never a reason to stop a fight.
I was disappointed.
most importantly, from wikipedia:
“Slice currently lives with his family in Miami, and is the father of six children: three girls and three boys. His first two sons are named Kevin, and the third is named Kevlar. His three daughters are named Kassandra, Kiara, & Kevina.[2][15] Slice is engaged.”
Dude likes his kevins.
Fly I cannot thank you enough!!!! If I had your address I would mail you a live chicken, with fucking feed. Thanks!
The rich get richer!
I have very few longs, but this is one of ’em:
This Bud’s for Jake, mothahfrickas!!
_______
What’s it with fighters always naming their kids in odd ways? Doesn’t George Foreman have 5 sons names George?
-DT
Danny–
Being Irish Catholic, I of course have a brother named Kevin.
Just one, though, out of four.
Interestingly, none of my brothers are named “Danny,” just an uncle, cousin, brother-in-law, and son.
_____________
DT — I wanna say it’s three sons named George, but he may have had more since I last looked.
It’s easy on the rememberin’, I guess.
_______
That black guy has a huge beard to hide this chin, excellent idea in street fighting. Ive seen that black guy on some vids last summer, fighting in the streets with his pals who rides the white hummvie.
My name is Kimbo. Or, for you, Sir.
Jake,
Consider BUD a done deal. Augie Busch is a real party animal and would hop at the chance to cash out of the family bidness, so I’ve heard.
STELLA! STELLA!
http://www.americanmustacheinstitute.org
I heard The Fly applied
Alpha, I’ve heard the same thing from St. Louisvillians who went to school with him. A real “lucky sperm club” asshole. How the shareholders of BUD ever let that schmuck become CEO when the family only owns 4% of the stock, I’ll never know.
Fucker “Ted Kennedy’d” a girl in college, and walked! Now he’s CEO of BUD. Whatta country!
_______
One of the girls in my office used to be one of his executive “assistants”. She has stories. All you heard is probably true.
Fly, what do you think of LNN right now? They make energy-saving products and their earnings release is next week.
what a day it would be:
“3:57 PM today: Lehman Brothers Holdings Inc Losses accelerate heading into the close of on vague chatter that its capital raising plan (announced Monday) is running into trouble
– The vague chatter being circulated centers on speculation that funds could renege on the deal before settlement tomorrow.
– Reminder: The common stock portion of the capital raise plan was priced at $28/shr, and was reportedly oversubscribed.
Counter trend rally begins tomorrow. Maybe a gap down BSC type open & up from there, would be ideal.
Look for MSFT to finally get the YHOO deal done by next week.
Krudlow and his regularly scheduled Obama bashing hour, going on now. He finds fault with Obama economic advisers Paul Volcker and Warren Buffett. If those two were responsible for economic policy, we wouldn’t be in the mess we’re currently in.
gappingandyapping:
That and more is available here:
http://www.occ.treas.gov/deriv/deriv.htm
I was once told I my guitar playing is like Brian May’s. At the time I didn’t realize just how high a compliment that was.
In case anyone has forgotten just how kick ass Queen is…
.
.
Didn’t he just get his doctorate in astrophysics?
Kudlow should be a hood ornament in a Mad Max movie. Goldielocks on nitro.
The bearded rat at the FEd is now calling Gay Geithner to do some lip exercises to buy Lehman tomorrow and put in an intermediate term bottom to a market that has priced in the cdo losses and has definately changed to ne as of tomorrow after they see that the bearded rat is willing to socialize banking. It is a forward looking mechanism, discounting a huge rebound in the second half of the year and the discovery of a Gawahr sized oilfield in Norther Indiana.