Fly Sell: DUG

I sold 10,000 @ $30.35.

[[FNM]] and [[FRE]] need to raise Dr. Evil type money. There’s no fucking way they can do it. Therefore, the American taxpayer will foot the bill. No fucking problem. Who cares about moral hazard? We are the United States of Bailouts.

On top of that, [[LEH]] is ready to fold up tent. [[PZN]], [[FED]], [[SOV]], [[SFI]] and [[RF]] too.

I swear to you, we live in interesting times. Everything I see is horrid. I try to think of a way where we can get out of this mess intact; but then I get distracted by the ice cream truck outside.

However, “The Fly” is not on fire, at the moment. As a matter of fact, those fucking engineers from [[JEC]] are giving me the business, thanks to a dastardly Goldman upgrade this morning. I can’t believe it. That other stock, [[MXB]], never goes down—despite its ridiculous valuation.

In short, I have a problem. I need to take control of these losses and execute a few good trades.

In general, the market is trying to bottom, like it did with the BSC collapse. However, it cannot.

Oil is pile driving guys like “Donny,” and major financial institutions are on the precipice of failure. Do not try to catch a bottom. Trying to catch a bottom in this market is equal to stepping up to Mike Tyson and punching him in the face. Not a good idea.

Top pick: [[FXP]]

UPDATE: My short exposure includes: long FXP, long [[REW]], long [[TWM]], long [[SMN]], long [[DUG]], short [[PACW]], short [[CAT]], short [[TEX]], short [[VMC]], short [[JEC]], short [[MXB]], short [[HRB]] and short [[CATY]].

Some of my longs include: [[AIZ]], [[RIG]], [[ARD]], [[PCZ]], [[CLNE]], [[DGP]], [[FTK]], and [[BAP]]

Hank Paulson, U.S. Government Fannie/Freddie Buyout Team, Goldman Sachs

Hey assholes. I’m over here getting the stuffing knocked out of me with these banks. Help a Government brother out and buy some already. Will ya? By the way, Fannie Mae is well capitalized; but we’ll buy them out anyway and stick the shareholders with donuts, or just kill them.

Good talk.

Developing…

[youtube:http://www.youtube.com/watch?v=K-XdsNPDef4&feature=related 450 300]

Check 3:06 for iBC logo.

What a day. People from all market biases were poleaxed today, as everyone scrambled around looking for the next play. However, at the end of the day, they were reduced to scrambled eggs, then eaten by hungry misfits, who possess large pools of money.

It appears [[LEH]] is going to repeat BSC. I mean, it’s sort of uncanny how recent history is repeating itself.

With that being said, I sold short some [[PACW]] here. As you know, it is part of “The Fly’s Reverse Five Horsemen.” Without a doubt, that fucker is heading for single digits, like [[PZN]].

On the day, I gave back some gains, thanks to the dastardly action in [[SMN]] and [[FXP]]. I really can’t win with those God forsaken etf’s. Also, I lost a small bundle in [[JEC]].

Finally, with oil exploding to the upside today, you have to get long some rig makers, like [[NOV]], [[RIG]] or [[DO]]. Additionally, I like [[HP]], [[ARD]] and [[PCZ]].

Stay tuned for some more bullshit market action tomorrow.

UPDATE: AMKR shit the shower, via big warning. Amkor is the second largest in the packaging and testing of semiconductors space. A key tell, if I may be so bold.

I sold short 10,000 [[PACW]] @ $14.80.

Disclaimer: If you sell short PACW because of this post, Iran will bomb your house, with their new missiles. And, you may lose money.

I bought 5,000 [[RIG]] @ $144.75. And, I bought 1,000 [[FXP]] @ $82.37

Disclaimer: If you buy RIG or FXP because of this post, the SEC will investigate you for bad mouthing Lehman.

You people need to stop offering investment advice. Quit posting monkey’s and shit, claiming we are on our way up. Fuck you, you’re dead: we’re going lower.

Look at [[LEH]] fuckface. Are you one of those manchilds who keep their eyes covered, scared to see the horror?

Not me.

“The Fly,” like Jefferson Krull, embraces the horror and banks egregious coin from it. I’m like the Freddy Krueger of this business. I’ll get you when you are sleeping.

Oil is going up, as evidenced by the idiots invested in [[DOY]]. On this spike, I want to buy more [[RIG]], [[PCZ]], [[FTK]] and [[ARD]].

In addition, I want to buy [[FXP]], [[REW]] and [[TWM]].

I would like to sell short hotel stocks, like [[WYNN]], [[LVS]] and [[MGM]]. However, they are down too far. I do not want to be on the receiving end of some sort of homo short squeeze.

Instead, I will add to my [[JEC]], [[MXB]] and [[CAT]] shorts. Also, I may start shorting [[VMC]] and [[TEX]].

As for the banks, [[CATY]], [[EWBC]], [[CSE]] and [[TCB]] look good to short here.

More on this later.

NOTE: Calvino “The Strip Killa” nailed the Vegas shorts.

I just got back from some stupid fucking meeting. Upon doing so, I see the market is fucking blasting off, with cock in hand. This is a welcomed event for someone, such as myself.

Currently, I am in possession of large quantities of cash. It’s just sitting there, bored as hell, waiting for me to pimp it out. As you know, I have small bets against [[JEC]], [[MXB]] and [[CAT]]—but nothing major.

Also, it’s worth noting, I shorted a little [[HRB]] today. Don’t ask me why.

Long story short:

The market has been weak on rumors and shit. Who knows what will happen to [[FNM]] and [[LEH]]. Maybe, just maybe, they are extraordinary buys down here.

Nonetheless, with my money, I choose not to get involved with speculation and asshattery. I’d rather wait for a bounce, then shoot some fish in a barrel—such as [[FED]], [[FHN]], [[DSL]], [[CORS]] and [[PACW]].

For now, my focus is to debank some of you assholes betting against my [[RIG]].

I’ll have you know, it is my largest position.

NOTE: Hotel stocks are absurd.

UPDATED NOTE: Hotel stocks are the gayest things, since the piano was invented.