Fuck It: Fly Buys: GE, C, UYM, NOV, BAC
Thursday, November 20, 2008 at 10:29 am
I bought 50,000 General Electric Company (GE: 18.19 +0.83%) @ $13.15, 50,000 Citigroup Inc. (C: 4.02 -0.74%) @ $5.10 and 10,000 (UYM: 35.61 -2.25%) @ $9.95.
UPDATE: I am buying blocks of GE, C and UYM on a continuous basis.
UPDATE II: Now long over 100,000 (GE: 18.19 +0.83%) and 200,000 (C: 4.02 -0.74%).
UPDATE III: One last average down in National-Oilwell Varco, Inc. (NOV: 43.72 -2.10%) , buying 10,000 @ $19.95.
UPDATE IV: I bought 30,000 Bank of America Corporation (BAC: 17.08 -1.10%) @ $12.55
UPDATE V: I sold out of my (DUG: 12.12 +2.80%) position, north of $43.5.
Disclaimer: If you buy the above stocks because of this post, the world will end. And, you may lose money.
Stupid move fly. You’re too complacent. You stupid bulls will never learn.
BTW, we’re going LOWER than whatever the LOW is today.
Brilliant move Fly.
Fly how do you manage to sit in a chair with balls that big?
Turkey Day voodoo magic nonsense rally before we go much lower Dog.
I already own plenty of GE along with lots of AAPL I’m getting crushed on (and have been for a while). Let us ride into this abyss together my friend..
Fucking fuck fuck motherfucker!!!!! Sorry, had to get that out…
Citi: Straight down. Falling knife this thing is.
Regardless, we must bounce. It is mandated by the Turkey Gods.
Devildog: glad to see your back. BTW, how’d that RTH trade go?
I bought into the darkness:
500 QLD
500 BGU
1000 BOOM
2000 C
1000 GE
Looking good!
This is insane. I bought JPM Jan 15 puts yesterday for .82 and they are already over 2. I sold 1/2 and took a profit but holding the other 1/2 for the next few weeks. If they get in the money this market is fucked.
Whew Whoo!
Covered my AAPL shorts at todays low. Counting my coin. Thank you to DevilDog for keeping me on AAPL.
Why are you risking your 70% YTD performance?!
Give the market the finger for Thanksgiving and Christmas and go sip Mai Tais in Tahiti (just a suggestion, not advice)
Covering some more GS shorts here
And 1000 CBL!
VIX hits 80 and damn what a move!!!!
hahahahah
Fly, did you steal that expression from me….”fuck it”?
I used it on the other thread.
C is a perfect stop loss down here. I figure if they get you they get you and you don’t have to worry about a thing beyond zero.
Done with the AM daytrade. Thank you SMH.
Bought a little more KRE (regional bank etf) for a longer hold.
If wachie is worth 7 bucks a share, C ought to be worth that in a wachie type takeover.
Roving bands of hobos are now moving through my neighborhood. They’re picking the pockets of all my dead neighbors and stealing shit from their houses. Soup lines are forming at my neighborhood entrance. Banks are closing permanently and burning ATM machines to cook the soup. The hobos are forming groups to perform public works projects like digging latrines. Tent cities are springing up everywhere. Man, this depression shit sure came on fast.
Maybe the Prince will invite Fly out to his tent in the desert for a C shareholder meeting.
If anyone has made money shorting and not takling profits by now they deserve to get their balls sliced off with a dull rusted butter knife.
BOOMER, I’m going to rename you Roomba - scurrying around, picking up the stuff that has dropped on the floor.
It is a death match. Bulls are fighting the last battle. I just bought C at 4.97 few mins back.
I had roving bands through my neighborhood also. They were selling Boy Scout raffle tickets.
Now Fly can go homo-camping w/ Buffett, Talal, Paulson, Bernanke, et al. Let the orgy begin!
Bounce to breakdownish point around 840 ?
Fly, should we sell DUG or is the next stop for oil is $40?
-In Fly We Trust
Here is my 100% non-homo, man-crush tribute to The Fly
http://www.youtube.com/watch?v=El-C3w4CYqo
Boom,
FYI — I bot the CBL preferred this morning at $6.40 (preferred D)
Yielding… I don’t even know what the fluck.
Reasoning — par is $25, and I think the preferreed will see that before the common. Prolly a ways before. Still own common, though I’ve sold some via stops.
_______
Alpha:
Because I want more.
Both the Dow and the S&P bounce off of 7777 and 777? coincidence?
A lot of positive sings in retail, reits and some banks. We may turn today, or not.
Stay tuned.
T MOE, glad you made some coin on AAPL. I’m still holding my AAPL SHORTS for a lower price. I’m not covering anything here and I don’t plan to until next week when the bulls get killed.
Remember OPEX. We could be up to 9000 Dow 900 S&P in a flash
I almost hate to bring it up, but UUP (dollar) is nearing it’s most recent highs of $27.07.
That shit curling over and dying here (after reaching today highs of $27.03) would be extremely….
Good.
UUP at $27.00 as I type….
_______
wmt and tgt strong like bull
Holy shit, Bette Midler.
That’s it, you’re out of the will.
_________
(Just kidding, Mom threw you out years ago)
__
Dog
I bought 4 banks what should I do with them as they’re all showing profits. Run or close, doggers?
fuck you shorts
Fly…
tools.alphatrade.com is slow as nutsak…it is slowing your site down…WTF??
covered a ton of my shorts and took some profits. Whew Whooo!!
Looking for another entry point to short more
Dow to 8300
GE buyers get A 10% / year divi but lose 10% per day in equity. BWAHAHAHAHA!!
Actually based on the change in sentiment on this board and the sudden bullishness, I would be scared of a bull trap. A breakout followed by a collapse into the close.
The windup…
CAP…you don’t have to wait for the market to rock or roll…feel free to just go suck your own dick…clearly you are looking for a reason to do so.
CAP:
Get ready to suck your own dick again.
Jake
I’m going to try again with the Euro.
I bought some Euro against the buck right here with a close stop at 1.2488. If they get it they get the stop.
Fly, you owe me for teeing that one up for you with my “Roubini is too bullish” comment at 10:25.
Fly your country thanks you
The last time we hit 7800 on the Dow it jumped like a scalded cat, this time it bounced like smooshed toad.
Please cap.
I’m really long of the banksters, so would you mind sucking your own dick. Do it as a kind and love of fellow man (no pun intended)
FLY - Fuck U . I told you we would drop 1000 points after we rallied on Tuesday. We got a 700+ point drop. You on the other hand mentioned something about a Turkey rally ’sponsored’ by the Fly’ . What happened to that rally ?
CAP –
you obviously were not sucking hard enough.
___
Can C apply for banking status
^^^ Lol.
Mr. Fly:
What do you think of M?
Welcome Obama, good luck with your new job, dude:
Iran has now produced roughly enough nuclear material to make, with added purification, a single atom bomb, according to nuclear experts analyzing the latest report from global atomic inspectors.
When’s Israel gunna hit’em
too many people “buying the dip”
I just bought puts on CRM, XOM, CPRT
get ready for even more wild moves
Just raised my SSF to 70. Continue to be amazed by the stupidity of bulls. If you bought the dip this morning I hope you have sold by now. You guys just don’t get it. We have much lower to go and will undercut this morning’s lows today and head much lower. You’ve been warned.
TGT is strong as fuck today. I thought about buying some at the close yesterday but didn’t. Not going to chase it up here but will buy on a pullback. I’ve been covering shorts but will stay net short until I see some strength in the financials.
Jake, That CBLpD trades by exclusive appointment only? 4,000 vol today? I’ve traded some thin stuff before, but nothing THAT thin…
Ammended tribute to The Fly
http://www.youtube.com/watch?v=KVKDQgT_b-Y
Relax Dog.
I sold outta my banketers a little while ago.
Dude outta curiosity, why are u affronted every time someone buys a stock? you seem to take it like its a personal insult.
XOM is the new TGT
CAP-
You haven’t told anybody, anything that is valid.
j, a wor is bound to happen. THe markets are dead, the government is forced to “go get someone” and they blame the problems on someone. Unfortunately, the entire world is possibly going to blame everything on us.
j
The Dog has been released….stop fighting city hall.
DEVILEGG says: “You’ve been warned.”
Mother Market takes delight in punishing arrogant assholes. You’ve been warned.
Unfortunately, the entire world is possibly going to blame everything on us.
As it should be. I had a big argument with my wife today about the big things in life like dumping my underwear and dirty clothes all around the bathroom. i blamed the americans for that. Especially dog.
Sold 2.5K of AMAT from 8.25 @ 8.75
Sold 1K INTC from 12.36 @ 12.86
November 20th, 2008 at 11:23 am
We needed to see a buying stampede off 777 with huge volume and breadth. Didn’t happen.
Being long is being wrong. Sell into any strength.
We are going to zero. VIX to 1,000,000,000,000 and we still go lower. People who own stock will owe as they will start going to negative. Fuck it all, I am heading to the CBOT to punch Ricky Boy (Dirty Sanchez) Santelli.
Sculler, you giving us a time stamp on your trades now?
# CAP Says:
We’ll probably drop 1000 tomorrow. Seriously this market has no bottom. I would rather we get this over and head to zero. I am tired of this up and down action. Its like watching a poor quality 80s porn flick.
November 18th, 2008 at 4:12 pm
# CAP Says:
Seriously what makes this rally any different from Thursdays ? Why would anyone with half a brain want to go long here ?
November 18th, 2008 at 4:24 pm
# CAP Says:
Wrong. The Dollar is ready to make another leg up. Markets another leg down. Thanksgiving and Christmas have been officially cancelled.
November 18th, 2008 at 9:35 pm
There’s going to be soooo many Put Option writers that get ass-fucked after Friday.
J, I get bitched at too for leaving my dirty underwear and clothes on the bathroom floor. But now I will blame America for it. Thanks
eye know stuff, fuck you. You’ve been warned that you are an idiot. Why don’t you go find GENERATIONAL Bottom and give each other a hand job like the homos you are.
Fly..you are headed for the gang rape all hole fiesta dungeon…Stop counting on bailouts shitnitz
I sold WCOM (World Com) @62.48 from a buy @25.50 and ETYS (EToys) @ 66.45 from a buy @18.25.
j,
no just a C&P from earlier post…but it was pretty close on the sale. Been a very busy morning and I hadn’t refreshed to latest FLY post.
Still holding 3K of JBL from 4.88…stop sell @ 5.5 didn’t execute for some reason. My pitbull Jersey broker ‘investigating’ with MMs.
Until the banks show some strength we are headed sideways at best.
Who’s up for the draft? (and I’m not talking NFL)
Bull flag on SKF
CAP sucks his own dick…nuf said.
CAP, nice to see at least one other SMART BEAR here where all the stupid, complacent bulltards hang out. I love this place as it is a very good indicator to me that we have much further to fall into next week. I’m making huge coin and will probably be double next week. When my target gets hit I’ll be up over 170% this year.
BAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!
Devildog,
how do you predict this stuff? what do you use?
Dogster,
due, you gotta learn how to relax as a trader. You gotta learn to live and let live. There’s no use bitching at someone just because they bought a couple of 1,000 stock.
Not everyone can be short.
The problem is CAP…you make enough posts throughout the day changing your mind that you can claim any position at any time. You’re kinda like Cramer….and you suck your own cock.
Devildog looks at his asshole for trade direction.
me2, shut up.
I sold WCOM (World Com) @62.48 from a buy @25.50 and ETYS (EToys) @ 66.45 from a buy @18.25.
Oops. Sorry. Wrong bubble year.
j,
You think you can have a conversation with someone like DEVILDOG? Are you a fucking moron? He is like Ahmadinejad and the stock market is like Israel. There is no talking to people like this. j, please pull your head out of your ass, or invest in a glass belly button so you can at least see whats in front of you.
Jimmy
why does everyone think we’re going to ‘0′ lol
Another bear flag here
Bo knows football. Chuck Norris knows karate…
but the eye knows all.
shorting any green tape way to go today. Major bull trap day.
speaking of the “eye” anyone notice that when you turn on the news, and can see that cbs fake ass eye, you actually get a chance to “see B.S.” just as their name indicates?
Where am I going and why am I in this fucking murder hole?
You’re right, jimmy. I thought he would have changed his spots (hahahaha) after his temporary internment last week but he’s as rabid as ever.
In fact he gets angrier every time the market goes down which is quite an unusual emotion to say the least.
S&P 650 would make some people take off their skid marked shorts and go long. Pain ahead.
AMAT is not coming back to me after taking profits on trade.
($5.5 billion in backlog, gross margins up, well-managed, billions in cash , no debt…often been a leader in funny-mentals reversals in the past decade. Every useless analyst has targets in the 20s. Guidance priced in by any reasonable measure………………………….eh, nobody fucking cares)
Buy in @ 8.25 but getting antsy waiting for Mr. Sentiment to put gun back in mouth.
Jake, That CBLpD trades by exclusive appointment only? 4,000 vol today? I’ve traded some thin stuff before, but nothing THAT thin…
NOT a trading stock, Yogi.
_____
Wants to know, basically my knowledge of how corrupt corporate America really is and also our government. I’ve been in the room with them. I know how false our economy is and I know where it is headed along with our country. Betting against the fly and the wizards behind the PPT is really pretty simple. All you need to do is be on the side of Mother Nature. She always wins in the end. We will see blood in the streets(literally) as a start to a bottom and the bottom will be much lower than that start. That should tell you how far we have to fall. I’m looking at S&P 150 as a possible bottom.
BTW, as long as you have people like jimmy chin to sell to we will continue to go lower.
bear flag complete
NOV is a real winner. Fly is an ass.
DEVILDOG (Ahmadinejad),
The blood in the streets will belong to you. Your fall will be nothing short of spectacular. I personally do not enjoy seeing someone fall. For people like you though…I make an exception.
Jimmy
I am of the opinion that DEVILDOG has never owned a home, drives a piece of shit car, and has a brokerage account that has never reached more than 4 figures.
Anyone agree?
Fool -
It is well established that he is a phony.
I’m trying to set up for the next major event, when does the govt change the rules again?
2nd bear flag forming
Devildog,
I’ve been called ugly names for staying short after oct 10, feels good to be vindicated.
Do you post anywhere else?
Jake, I was using “trade” in the broadest sense of the word.
Wants to know, I do some posting on MarketWatch for fun.
What’s with the beating up on DD? When we saw him here last, Mr. Woodshedder, said the dog was perpetually and only shows up at bottoms. Well the dog called this last leg very nicely. Just give him some props and be nice or STFU.
WeeklyTA - Any downside targets?
That should have read: “Woodshedder, said the dog was perpetually wrong and only shows up at bottoms.”
DD batting .999 for his major calls, like yesterday.
Respect.
He tangled with Charlie.
Bought 1.5K WFMI 8.25. Stop sell 8.75
Ms. Scully called and said the ladies of our town and their servants are tripping over themselves to buy cornucopias of wild duck, exotic rice in bulk and cheese @ 16.99/lb.
Waiting for the higher low.
DevilDog,
on MarketWatch under the same moniker?
Nevermind, found you there.
the pitch…
nice volume. buy ‘em.
geezus….they sold right into the spike. you just can’t get long this fucking market regardless of how oversold it gets.
Wants to know, YES.
GM going to heaven