I sold 5,000 JPM @ $32.40.
NOTE: I still have 5,000 left.
UPDATE: I sold another 3,000 @ $32.45.
NOTE II: I will keep the additional 2,000 until Monday.
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Joined Nov 10, 2007
23,470 Blog Posts
Nice daytrade, Rook.
Fly you not wanting to hold for the coming rally? Its going to be a monster. I mean hell we turn positive after losing over a half million jobs? Sounds like it wants to go higher.
Gapp:
I got other longs, such as FAS, BGU and BDK.
I have to go with my gut and take the quick change.
G&Y – nothing is that bullish until we break and recapture 850
Sold UYG, back to DUG at 40.20.
Losing up here losers:
The market is made from marshmallows and shit bricks. Eventually, we swan dive. Anything in between is merely foreplay.
Key tell for oil today: CVX.
long stocks
long oil
short the dollar
SPX: Right shoulder continues to build on the “potential” inverted H & S,,,, Premature as of the moment but, remains in tact.
This tape is gayer than Dennie Kneale shaving his chest.
Sporting goods stores are the leader and silver a laggard – what a market! I am green though – mostly long – the market may die quietly today.
Sr. Oil is getting off the mat. Clubber Lane hasn’t won yet.
This is Greek trading at it’s finest.
Chivas…when the dollar drops, oil will rise. What is your timeframe on the dollars demise?
Uncle Jed
CVX planning to slash 2009 budget …thats great news…the cure for low oil prices is low oil prices…a perfect strom is brewing coming out the other side massive capital infusion into the global economy to try and ramp up consumption at the same time producers reign in their budgets…
the IB’s called for 200 oil when it was 147 now thats its down to 42 they are calling for 25 dollar oil…
….and when the bond bubble breaks wher do you expect that money to flow?
there is a storm brewin’ off in the distance…
Fly is right we close at the lows.
Shit, my phone is ringing and I think it’s Jefferson Krull.
long stocks
long oil
short the dollar
From your mouth….
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UUP still a chancre, ovah heah. But the volume is Lilluputian.
____
CHK holding a reassuring investor conference Monday to dispute the BK rumors.
ALL IN!
Look you fucking idiots. Some of you pretenders think your economists and shit like that and want to get all bearish here. Let me fucking tell you something, when people see gasoline at $1.00 for their car its like getting a 25% raise. You feel empowered, you go out and buy shit like mad. You start paying your bills. You start having fantasies that fuck face Obama is in office. Basicaly you start stimulating the economy. Couple that with cheap sales, the ability to refi your house to a fucking 5% mortgage from your 8% ARM, cheap nat gas to heat your house, discount blow jobs from Betty and the thought of a possible 1500 stimulus check and your ripe for a rip roaring good time. Ignore it all you want but when your fucking face is ripped off tell me how wrong I am. See its not the Steve Liesmans of the world that dictate how the market goes, its the fucking Joe Asshat that drives by his local BP and sees a flashing light saying he can afford 75% more now. He sees his wifes wants and desires half off or more. He sees his daughter buying the little slut clothes that Miley Cyrus wears and brings him home the change cause of the sale they were having at Claires. You see its these things that matter, not what all the fucks that got us into this mess say. If you watch CNBC all day you don’t see this, you see asshats that are down 60% on the year and suspending redemption’s telling you what to do. Do what you will but take note of these things, they are what matters.
its Clubber Lang Jr.
Paper Champion,
Bought more ERX at $26
Crude = $41.09
LoL
Straight to hell, in a hand basket.
Next week, 30 something.
I see TLT reversal.
TBT looking at 60 min chart for bottom.
maybe the Chart dude can check it
Whoops!
UUP just slipped out of that morning triangle.
Do the down-to-Goblin town-side.
_______
860 or so is the line in the sand – bulls have to show up in force or we’re gonna roll over per Fly.
Thank you. Fly Sr was still poking Mrs. Fly to procreate me when Clubber was swinging the left.
Fuck you, Devildog. You’re dead.
Jake;
the saying is true. there are no atheist in a fox hole.
Jed;
the dollar decline has really already started. it will be slow.
Back for the 2:45 action. Better than Vegas (as long as I am making $$).
My backroom research just spit this tidbit out: I am ALL IN
Each week count how many days the S&P closed up and how many days it
closed down. If there is a day that the index is exactly
unchanged, give that day the sign of the previous day. Forget about holidays or any day in which the market is closed. Each week go back over the past 14 weeks and count how many total days are up and how many are
down. If, in the past 14 weeks there are at least 17 more down days than
up days, you have a major bottom and a buy signal.
That ‘formula’ worked amazingly well in calling all the major market
bottoms since 1932.
great quote from John Kenneth Galbraith:
“The only function of economic forecasting is to make astrology look respectable”
SPY
Ryhmes with
“New (daily) High.”
_______
OLD PEOPLE FUCKING ROCK!!! http://finance.yahoo.com/q?s=srz
The simple fact that the market is shrugging off the employment numbers is a good enough sign for me. Let’s see if it sticks through the final hour.
Nice Flag on treasuries, and TLT broke it’s uptrend.
the saying is true. there are no atheist in a fox hole.
I am gladdened to here.
Serious.
_______
I told you fuckers when we were down 200 that we would be up atleast 100, even told you yesterday. Did anyone listen?
Yes, and TBT is finally moving up. $$ fleeing bonds into equity. Anothe bubble biting the dust?
If Fly Sr wasn’t my Popa, I’d be laughing at him right now. But I realize my inheritance is evaporating before my eyes so I must make my own fortunes.
DDOG will be forced to re-use his catheters today…Call Liberator DOG!
Fly,
Do you still have FAZ? What’s your stop on this? I’m not liking it so much anymore.
Devildog,
given the doom and gloom you’ve been betting and counting and preaching and hoping and sweating is not happening (at least not yet) I suggest you get brave and declare a bet: you’ll suck CAP’s dick if the DOW closes green.
On a second thought, I suggest you go ahead and suck CAP’s dick anyway, regardless of the close. That will keep your mouth shut.
Hell, if the DOW closes up more than 300 points you can suck my dick. In a non-gay way of course.
This is getting intersting now. IF Qs 28.78+ then we talking uppage.
This is getting intersting now. IF Qs 28.78+ and sticks, then we talking uppage.
Gapping, only Fly has the authority to refer to me as “fucker.” It’s quite possible if you continue in such behavior, you may have that Miley Cyrus slut skirt you speak of stuffed into your throat.
We are busting through the long, steep downtrend from September – no telling where this goes if it holds, though Jake’s call is good as any. We will see new lows eventually, but not yet.
pump n dump ?