“The Fly” is like a lion in the high grass, stalking his prey. My cash position has ballooned; and I am hungry for my next kill. The bounce in the financials is ongoing and I believe it may continue. It’s important to note, only energy stocks are worth investing in. Everything else is just shit on a skewer.
I covered my [[AAPL]] short. The “Skinny Steve” trade can take one only so far. In addition, I’ve been selling off [[FXP]], whenever I look at it.
I have a very long list of regional banks worth killing. The trend has been fairly simple, which is: sell them until they are trading at or below book value. Back in the old days, I’d be buying these fuckers hand over fist. Any bank stock trading below or near book was pure gold; now it’s just a warning.
The reason why I am not selling them now is due to the excessively high short positions in them. Most regionals have 10-30% of their outstanding shares sold short. At the same time, their respective book values are no higher than 1.5 times. This is a recipe for major carnage, for the bears, should the sector catch fire. Numbers out of [[GS]] tomorrow may be the lighter fluid. We shall see.
Despite marginal strength in the banks and tech, the market is weak. [[GME]] caught an upgrade. That looks decent. And, ag related stocks are on fire. What else is new?
For now, I will raise cash and wait until an opportunity presents itself.
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Fly – Is RIG among your holdings?
No volume, no interest in stocks. The book says the bottom is in.
Yes. love RIG.
FYI — it’s the lionesses that stalk the prey.
Just sayin’.
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Speaking of, Happy B-day, Mrs. Jakegint!
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FITB does not have a large short %. FED and DSL are unreal, almost 95% sold short.
Would you short FITB?
I bet they cut there divi and raise capital tomorrow am after the market get s a boost from GS. I have a feeling a ew companys will come out with bad news in hopes that Goldman softens the blow and lifts the market.
Thoughts?
Jake:
You are misinformed.
Plenty of male lions hang out in the tall grass, waiting to eat a Zebra or two.
The Lion Sleeps Tonight . . .
The towel headed fuckers have finally done it, or have the speculators done it for them.
Every motherfucker I know with a fat ass SUV is now talking about trading for a hybrid. Here in So Cal, Toyota is marking up the Prius $4,000 to $6,000, and you have to wait 6 weeks for it to arrive. To top it off, local Toyota dealerships will give you about .10 cents on the dollar for trade on your 4 to 5 year old fat-ass oil sucker.
I think we’re at the beginning stages of a paradigm shift in energy.
Plenty of male lions hang out in the tall grass, waiting to eat a Zebra or two.
Yes, they wait for their wives to come back with that striped shit. Later, they might have an espresso and get laid.
It’s not a bad life, actually, as long as you can continue to kick the younger lions’ asses.
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I am going to start buying SUV’s in bulk.
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Donny:
That’s because, as a whole, people in So. California are mentally ill.
Plenty of male lions lay in the tall grass, waiting to slaughter the offspring of other male lions!
Alias: BPOE
I haven’t seen any program buying for at least 5 trading days. I don’t think the Fed can increase rates until after the elections. The market looks like it is getting ready to do a Fucka You. I could be wrong but being in cash puts me in control. My time machine for some reason is saying the Dow will be at 14978 at the yrs end. We need a Fucka You for that first.
Let’s fix this:
I could be wrong but being in
cashputsputscashes me in control.Better.
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scooters are mostly sold out around seattle. they and priuses have been ubiquitous here for some time, but you were at least able to buy one before without waiting for 6 weeks or whatever they claimed it was on the news. i’d blame the hippies, but they don’t have the money to blow on a $6k scooter.
Soccer moms trading the SUV for a Hybrid is not a “paradigm shift”. Selling the car and buying a bicycle and losing 40 lbs of blubber, that would be a fucking paradigm shift. I’ll believe it when I see it. The federal government will run daily shuttles to McDonalds first.
Seems pretty easy to manipulate the entire stock market with oil. If I only was big hedge fund….
Alias: BPOE
I use puts if I fuck up. I don’t like the house getting my money. I just got pissed and went to cash to keep my May profits. I felt I as overtrading and needed a break.
Thats all. I don’t profess to be that good of a trader.
Scooters are both gay and dangerous.
Shorts will start to cover in the banks. Institutions are long on LEH. The smart money may not being buying the financial, yet there is no one left to sell their position. Bounce coming up.
GSK, going to run.
Jake (on buying SUV’s)
People are starting to flip SUV’s. Buying them in the states for a deep discount and selling them in countries where oil is subsidized. About 3-5k a car.
Let’s fix this:
scooters are mostly sold out around seattle. they and priuses have been ubiquitous here for some time…
to
scooters are mostly sold out around seattle. they and
priusespussies have been ubiquitous here for some time…Better.
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Steve:
Sell them to the coyotes on the Meh-hee-han border?
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