I bought 25,000 SKS @ $2.74.
Disclaimer: If you buy SKS because of this post, your only son will take a job working in the perfume section at Macy’s. And, you may lose money.
If you enjoy the content at iBankCoin, please follow us on TwitterI bought 25,000 SKS @ $2.74.
Disclaimer: If you buy SKS because of this post, your only son will take a job working in the perfume section at Macy’s. And, you may lose money.
If you enjoy the content at iBankCoin, please follow us on Twitter
There is always Carlos Slim to buy millions more
WX!
Loser firt MVIS then MACY and now SKS. Who else are you going to bankrupt?
Saks? You are a maverick.
Has the ship righted itself in one day?
shut up.
Zombie and Dennis Kneale are gay partners
— Original Sender: SCOTT GORRAN, GOLDMAN, SACHS & CO. —
Rumors swirling about some imminent announcement from the
government where the GSEs are put on balance sheet and, as one
of my counterparts said on a somber note, “We never see any
agency issuance again.” That last point is really the crux of the matter as much as anything – if the GSEs are put on balance sheet, this charade involving the GSEs issuing and then the Fed
buying on the other side becomes a thing of the past. GSE
issuance becomes a thing of the past… And in this market,
when you align something closely with the government and then
turn off the supply spigot, the spread between that product and
USTs will tighten considerably. I’m reluctant to speculate
about what’s coming over the next several weeks, but I think
there’s a real chance that we’re nearing the end of the road.
Holy scheissa, I hope you are running down to 5th and 57th as we speak to get yourself a slew of Ferragamo ties or something.
What happened to Macy’s? Too downscale?
_________
Big Bill —
I think I understand what you just said, but that last sentence, invoking “the end of the road” leaves everything up to ambiguity.
Often times, there are those striped orange and white barriers at the end of the road. Or concrete.
Very rarely, they are used to obfuscate the entrance to Batman’s driveway as well, so there’s that.
__________
@bill walton:
“I’m reluctant to speculate
about what’s coming over the next several weeks, but I think
there’s a real chance that we’re nearing the end of the road.”
I am sure I am being dense … is this a good thing.. or end of the road meaning bad?
I broke my ankle this week slipping on ice so I will plead pain killers delusions…
TIA
I see dead DEVILDOGS everywhere…
up 3.3% I think I’ll start banking some of these gains. That is the name of the game isn’t it?
Buy some SGY.
GSE “rumor”: so that’s pretty patently stupid. The Fed doesn’t want it, congress doesn’t want, the company’s don’t want it, who would argue for it? Other than some GS trader getting roasted over his shorts, I mean..
Must be a whole lot of folks pissing down the “next leg down” today.
If the SP500 stays above 885 this could be a 15% rally. Not a relief rally. With due respect FLY.
I hope Devildog bought some calls, at least.
I see Deviled Eggs…everywhere
America is second. Power shift. Slave is now master.
Just wanted to share a pair trade that I have on and has been doing alright:
Long UCO and SRS
That paragraph was from GS. I’m still trying to digest. Maybe they are trying to get rates down to 4.5% like we’ve been told for past few months.
I threw it out there to see reaction and comments…
Where’s Donny? He’s back from the dead like a zombie on his FAS trade.
The Fly is God.
The ZOMBIE – DONNY in a state of panic sold out his FAS position at under $7.7 yesterday . He’s so pissed he shot himself in the balls today.
The Zombie sniffs Oprahs farts
Fuck off Mao.
Donny: You still out there?
CAP: I don’t think so, man. Donny’s a sharp trader.
Eased into some DUG @ avg 22.01.
sold out of AFAM
sold 1/3 SWHC
sold1/3 EGO
sold1/3 SFLY
sold 1/2 LOPE
CASH 35%
Hope Fly is back from lunch.
USO looking ominous for Earl Ursines.
___________
Chinese, Japanese, look at these dirty knees.
selling more into the rally, of course feeling soory for selling FAS at 9 and change yesterday
http://stockcharts.com/h-sc/ui?s=$CPCI&p=D&yr=2&mn=0&dy=0&id=p98793835066
Reloaded shorts on KIM and COF (the Braveflaps ATM for the last couple of weeks). Added HWAY short, holding free black swan DRYS puts…and my hoor hedges, which are knifing my scrote with a very, very hot blade.
Long a bunch of stuff I am holding for life and amazed at unemployment: in Canada they expected 42K lost – and BC alone was 35K!! Canucks got a total loss of 129K…
Golden take
CAP-
I still own 10K long FAS @ 8.21-8.23. I am not selling because I know something big is coming.
The only thing I’ve done is buy 3k BAC yesterday at 3.94.
Now, have you changed this:
Long FAZ $63.89 Avg cost basis
Short C – $3.51
Short BAC – $5.77
Short JPM – $23.66
Short WFC – $15.59
EGO leaving no question in traders minds about it’s breakout over 8
Theres GOLD in them there hills!
CAP-
I still own 10K long FAS @ 8.21-8.23. I am not selling because I know something big is coming.
The only thing I’ve done is buy 3k BAC yesterday at 3.94.
Now, have you changed this:
Long FAZ $63.89 Avg cost basis
Short C – $3.51
Short BAC – $5.77
Short JPM – $23.66
Short WFC – $15.59
Everybody is buying ahead of the bailout. Let’s see how the market handles the news of it actually being passed. So far, it has liked to sell off.
Michael Parness is replacing Dylan on Fast $. Dylan was arrested & charged with manufacturing meth. Jeff Macke is now @ Betty Ford clinic (4th x)
wait, wait, wait.
Didn’t CAP literally blow himself? I side with Donny.
BofA CEO Lewis: Bank Will Not Need More TARP Funds
Ack ack ack ack ack er man
😮
Jeff Macke also has an anger management problem & likes to secretly wear an Incredible Hulk costume on weekends
sucker rolling over or getting ready to reload?
DEVILDOG is getting his asshole ripped apart. Holly shit how could you be so wrong.
DUnG?
Observer,
I don’t think a lot of selling is going to happen at the end of today. If a bailout is going to be announced, it’s pretty sure that it’ll make a nice pop for everyone to get out on.
Volume is drying up. The DEVILDOG might be saved. Next week will tell. Like I said if the SP500 stays above 885 [we up like a rocket]. If it doesn’t we go back down and the Dog is saved. For Now!
Raped bears (and I will be one if we close at 3% or higher) take note of Juice’s link for hedgie-speak:
“we still believe our fundamental investment case for XYZ stock will ultimately be realized, although not within the original time frame we had initially estimated.”
Write it down!
And remember the sell off when The One was elected.
TODD,
but it is not like the bail out is a huge news. Is not this more like a short covering? People that wanted to get on the bail out rally had pleanty of time to do so.
And Cashin just said he thinks it is more like “short-reduction”. We are only 300 points away from 8000, just one bad day is going to bring back all the talk about new lows.
Tacos anyone?
What ‘Buying American’ means for Latin American stocks
By Carla Mozee
Feb 6, 2009 14:10:00 (ET)
LOS ANGELES (MarketWatch) — A clause in the $900 billion U.S. economic stimulus package, which could be voted on by the Senate Friday afternoon, might mean trouble for some Latin American stocks.
The so-called “Buy American” clause, already in the stimulus package passed by the House of Representatives last week, says the government’s big infrastructure projects should rely on U.S. steel and iron, and use U.S.-made equipment. It also calls for government employees uniforms to be made of U.S.-made textiles.
The Senate’s version also seeks to favor a broader range of manufactured goods made in the U.S. over those that are made overseas.
Should the clause go through as it stands, one can at least expect “a temporary” pullback in shares of Latin American exporters, according to Robb Lutts, chief investment officer at Cabot Money Management.
The U.S. is key for Latin American countries, such as Mexico which sells 84% of its goods to the U.S.
Rally TIME!!!!
I think we’re up another 100 into the close. Looking at SRS around these levels but it might lose even more steam, as unbelievable as it is. Sold a little FAS prematurely but I’m holding on to some, cost basis about 7.75
Not putting on my mustard bib til we see 875 slashed tho, for fear of deadly fuckery, or excessive selling on “short covers”. But maybe this magical “private equity” is back. Which I must suppose is old southerners with money back from reconstruction times
Might buy FXI into the close
Observer,
That’s true. I’m sure there are shorts out there that are covering. And the bailout is “old” news, but now we have a timeframe for it that a bunch of people seen to be aiming for. I think this part is just a quick trade for a bunch of them. It’ll be the reaction after Monday when it passes/doesnt’ pass that’ll give us a better indication if it’ll run or collapse. Either way, I just think there’s not much motivation for people to sell off today. If you go short, and it passes, you’re most likely squeezed. But I guess in the smaller chance that it doesn’t pass, you’d make some decent coin.
But man, I really want to short some of these Ag and Financials…
Just spoke to GS contact. The rumor was the FHMLC and FNMA will stop funding through their own debt obligations and instead be funded by Trsy debt. This lowers borrowing costs significantly and the hope is 4.5% mortgages for everyone.
TODD,
i am not really shorting but rather just reducing some of my longs. I agree it is too early to short, this can go to SPX 900-950…
Even though i am having hard time to keep my hands off the inverse etfs