Rejuggle
Wednesday, December 3, 2008 at 1:00 pm
I am selling out of my KBR position, in order to raise a lot of cash.
Also, I am selling half of my queer M and GU positions, at a loss.
I am still holding TNA, GME, UNH, PFE, amongst many other little positions. However, for the most part, I will trim down my longs, then methodically average down in FAZ and FXP. And, I will start buying some EEV and DUG.
The rally has a life of its own. It can run higher another 500-750 points—no problem. In order to NOT get stuffed into a trunk, then shot 9 times, I will balance out my shorts with some longs, specifically TNA, until I have the conviction to be nakedly short.
Right now, I’m all bashful and shit, covered in jungle leaves and Indian style war paint.
Ford still doing well. It’s like it’s on cruise-control, but accelerating too. I don’t even bother with paying attention to it during most of the day and generally continue to make buckets of money.
Mr Fly:
What was the criteria for selling M?
Message to all dividend loving, bargain hunting, value fucking investors. You motherfuckers buying large energy co’s are gonna get skull fucked soon. You are fucking with the wrong individual … DO YOU FUCKERS’ UNDERSTAND ME?
Veni - Vidi - Vici
And to all my bear brethren … our day in the light is soon.
Nihil nobis metuendum est, praeter metum ipsum
Fortune Cookie: DUG = $60+
SRS
Sounds like DEVILDOG stole Donny’s moniker…Developing
I just joined the FXP team under 48.
I’m waiting for SPWRa to hit 36 then I’m going to short it.
Short RAH … a stolen Reggie idea
besides being a short on fundies, its a short on technicals as well
Sniff…Sniff…I smell fear;
Only men with “mengina”, have a neutral bias on the market…unlike brave men like DEVILDOG, who’s betting that the sun will explode.
TOP PICK: Short POT, COF, short Oil services/coal; LARGE short position on TLT as hedge
The name is not important, nor is cost basis. It’s the overall picture and my desire to raise cash, in order to plot my next move that motivates me.
SHAM-WOW !!!
Okay, somebody had to say it.
Total death to sheeples, cows and mustard seed bulls this month. Get ready for the BIG PLUNGE. You’ve been warned again. That is all.
Someone VERY WISE once told me…”whoever have lots amount of cash is a PUSSY”
DO IT! DO IT!
http://www.youtube.com/watch?v=Ra70O9nps6E
DEVILDOG…”the BIG PLUNGE” will be used to describe what Hank Paulsen does with his pecker as he clown-rapes your ass. You too have been warned.
Net short again.
Fly, Not shorting VMC yet? Wasn’t it one of your favor short before? Can’t believe how much it holds up in this bear market. Last time it blamed on energy cost for earning miss, maybe lower energy is good for it.
Where does the govt get the billion to build infra? I think it is false hope for VMC
Ten year yields pointing back to depression.
If I ever break even on FXP, Fly — I will mail you some Cuban cigars.
FXP is a fucking retarded piece of SHIT. Did I mention it’s a ugly-girl fucktarded pissant ETF with no regard for honest dealing.
Fuck you FXP. I wish whoever created it catches a fish hook to the eye.
Wholly fucking gyros…. I just bought some more skf and fxp to lower my cost.
What happens to the market between 9:30-10:30 and 2:45-4:00 is the only time it counts. The rest of the day is for napping and watching Leave It To Beaver. I may even get myself a real job between those hours.
short spwra. Why the fuck is it trading up. Stock was downgraded this afternoon too.
I’m looking for a big drop.
Donny, you’re out of your element.
There’s a rally? I musta missed it.
jimmy chin, you’re one of the stupidest sheeples on the planet. I hope you put your money where your big mouth is in addition to having it sucking on paulson’s dick. You and he are on my list. Go broke and commit suicide asshole.
Dog
It’s not the indexes anymore. Do you understand? This is stock picking and playing indexes in broad themes with caution.
Look at some examples like C. C is up 100% on a few weeks. BHP was up 50% in a few days. It doesn’t fucking matter what the broad markets do in stock situations like that.
BAC shitting on itself again.
I can’t believe Fly Sr. is buying Pfizer. What’s next? CD’s?
The PPT must need its batteries changed.
Buy ERX at $35
NEW YORK, Dec 3 (Reuters) - U.S. mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years, data from an industry group showed on Wednesday.
The U.S. housing market is suffering the worst downturn since the Great Depression as a huge supply of unsold homes, tighter lending standards and record foreclosures push down home prices.
But, the latest weekly data from the Mortgage Bankers Association showed potential borrowers were lured by enticing mortgage rates, which dropped dramatically after the Federal Reserve unveiled a plan last week to buy up to $500 billion of mortgage securities backed by government-sponsored enterprises, Fannie Mae (FNM.P: Quote, Profile, Research, Stock Buzz), Freddie Mac (FRE.P: Quote, Profile, Research, Stock Buzz), and Ginnie Mae.
“This clearly was an early holiday gift from the Federal Reserve to mortgage holders and home shoppers,” said Mike Larson, a real estate and interest rate analyst at investment firm Weiss Research in Jupiter, Florida.
there is too much god damn time left in the day. lets see what happens 10 minutes til close. hopefully market prints the lower lows for the day.
bought dug,faz,fxp,eev,rew etc.
j, I don’t care what you pick. All stocks are going DOWN.
I’d like to see us break the morning low soon. We may be in for a whole week of the “hope” melt up. Maybe I should adjust my stops and lock in profits here. Gas prices, shipping, job losses. Nothing good. Mortgage applications is a shell game. It means nothing compared to inventory or sales.
Anecdotal but informative: even signing a contract in the real estate business is meaningless as the buyer has something like 20 days to reneg at earnest money cost which happened in droves during November.
Nice head and shoulders on the S&P since last Monday!
Walter-
I’m obviously pissed off. I don’t like being wrong, especially when all the gawd damn facts (which I predicted 6 months ago) are in my favor.
I have little doubt that I will eventually be right (as usual), but my patience for these fucking, energy stock lovers, is drawing very thin!
Maybe I shouldn’t complain, considering my gains this year should be illegal.
Dog
I don’t care what you pick either and I’m willing to bet you that NOT all stocks are going down.
I will bet you 100,000 to 20,000 that isn’t the case anytime between now and year end.
If you don’t take the bet you’re a piker.
Why you always forget bout me?
http://img509.imageshack.us/my.php?image=rutlm3.png
That was a great trade.
After being down $2500 on FXP — I sold for a $5 gain.
I’m sending you a coffee cup with the slogan “Fuck You, Morning”
J-
A different view on the news you just quoted from Mr. Mortgage.
http://mrmortgage.ml-implode.com/2008/12/02/mortgage-applications-likely-soared-last-week-but-not-really/
i hope we don’t rally after the b.s. beige book report.
DEVILDOGDEVILDOG…Let me guess…MENSA has yet to return any of your phone calls? You dumbass.
ANM, SPWRA loks like an IHS, no?
DEVILDOG why dont you finish that dick you are eating. Hard to hear you mumbling through it. Oh and pick up the phone, your wife wants to stay over tonight.