Here is an email that was sent to me from Mr. Woodshedder:
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show details 12:23 PM (20 hours ago)
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fuck man. I am really scared about the market, man. I just packed up all my dry goods and took my guns to an old mountain village that I owns me a house at. I tooks alls my moneys out of the banks and dug a ditch under house and put it there. My best guess, looking at these here charts, the markets will crash tomorrow.
Back to packing up these here dry goods, lol.
Wood
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My response:
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show details 12:25 PM (20 hours ago)
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If you enjoy the content at iBankCoin, please follow us on TwitterSTFU
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mrkcbill wears womens lingerie
Fly what do you think about O for a short. Earnings after hours, Retail sales tomorrow and the stock is sitting right on its support
O = Realty Income Corp
Jed spelled backwards is DEJ.
Odd, no?
O is HORRIFIC. Love to short the Big O.
Cara’s Commentary & Community Chat, Wed, Feb. 11, 2009
February 11, 2009 by Bill Cara
By the end of the session, the S&P had plunged -4.91% and we suffered too, down about -1.3% with our net long percentage cut to 33%. Not bad considering. I figure if you are going to go into combat, you need to avoid the incoming and save your ammunition for when it can be put to good use.
The question today is, who sold this market down at 11:00am ET, when apparently Tim Geithner started his remarks, and why?
In order to understand why markets do what they do, I first look at the initiatives and then try to figure out possible motives. As for yesterday, I don’t think many of us were selling sufficient holdings to take the entire market down about -3% between 11:00am and 11:30am ET. That move was orchestrated. Given that the extreme action was centered in the Financials, and particularly the US Banks, which closed the session down -13.9%, obviously the people who have the most at stake in these banks were the sellers, unhappy that the Treasury Secretary was not giving them the details they have been wanting.
These bankers are in Washington today to testify in Congress. Just once I’d like to hear the question asked, “Did your proprietary traders dump on the Bank stocks between 11 and 11:30am yesterday morning, and, in doing so, were you trying to send a message to Mr. Geithner?” Then I’d like to hear the Senator’s response to the non-answer, “For the record, I take that as a ‘Yes’”.
The public will begin to understand equity markets when they accept the fact that it is, to many vested interests, simply a tool for negotiation, and our capital holdings are being moved around the board ahead of the king, queen, rooks, bishops and knights. Like it or not, we are the pawns.
Well, actually, as a manager of capital, I am a knight. The corporate CEO’s are bishops. The public’s legislative representatives in government are the rooks. The President and Administration are the queen. Bankers are king.
Why is the banker king, you ask? We live in a credit society where cash is king, printed by banks, spent by queens, on the advice of rooks, needed by bishops, who are supported by knights.
So, what is the definition of pawn?
1. Something given as security for a loan; a pledge or guaranty.
2. The condition of being held as a pledge against the payment of a loan: jewels in pawn.
3. A person serving as security; a hostage.
I have always said that the public is only a chattel, ie, a slave to the king.
Yesterday morning the king was unhappy with the queen. Today he gets to complain to the rooks. Financial Entertainment TV will be their to cover the match live.
The big O?
And so close to Valentines Day too.
Tsk, Tsk.
Damn look at the dump RIMM is taking premarket.
Fly the pic of Woodshedder I once saw showed him to be a little on the porky side. Do you know if he’s taking that extra ration of bacon for himself as he seems to have a pretty big appetite.
LOL…
That is really funny…
Ill say we go up today, VIX is having problems breaking 50EMA…
MT is ripping.
I sense a Fly victory dance coming.
Please send an E-mail back to Woodshedder not to forget the BBQ sauce. It helps the beans go down easier.
Isn’t today the day Fly sanctions to get all busy on STMP for a trade?
Those were the days…
LMAO…
Off to get my teeth cleaned. I’ve got hay stuck in between them.
anyone know what Tim Knight at slopes for dopes is up these days as can’t be bother be to flick over there?
Sold some pounds right here with a s/l at 1.4443. Pretty close stop as I think it needs to break or the market is far too one sided.
Shed
what are you doing about the weight problem?
Just out today, China exports fell 17.2% for the month of January. There were 20 million workers in costal towns that were relieved of their jobs.
The worlds financial conditions have become fragile. Too fragile in my opinion. One tiny blurp and the house of cards falls, we see a blurp has occured and the card house has fallen.
The problem now, is all it takes is someone to take charge and stack the fucking cards back up, what we see in our government right now is no one able to take control of stacking the cards back up. Simple to do, but either no one knows how to stack them back up or no one really wants to and they have “OTHER” intentions.
Remember the dress code and getting yelled at for not dressing appropriately for trading with the Fly?
The dress code for today is overalls.
Yes. After STMP Fly should put in a buy for ETYS (Etoys) and WebVan (forgot the symbol). At least STMP is still around.
ppr rec on rimm proven correct today
No. Date Rank – Daily Close Technicals Fundamentals Hybrid Score Hybrid Change – Daily
1 2009-02-10 1826 57.04 0.87 3.60 2.05 (Sell) -11.64%
2 2009-02-10 1826 57.18 0.87 3.60 2.05 (Sell) -11.64%
3 2009-02-09 2327 59.00 1.58 3.30 2.31 (Sell) -16.91%
4 2009-02-06 1627 59.17 2.40 3.30 2.78 (Sell) -3.81%
5 2009-02-05 926 56.80 2.38 3.60 2.89 (Sell) 26.75%
6 2009-02-04 2002 55.96 1.33 3.60 2.28 (Sell) 1.79%
7 2009-02-03 2308 55.52 1.26 3.60 2.24 (Sell) 0.00%
8 2009-02-02 1785 55.90 1.25 3.60 2.24 (Sell) -7.82%
9 2009-01-30 1244 55.40 1.59 3.60 2.43 (Sell) -0.41%
10 2009-01-29 1504 54.77 1.60 3.60 2.44 (Sell) -17.29%
11 2009-01-28 1238 56.63 2.48 3.60 2.95 (Sell) 10.90%
12 2009-01-27 1021 53.91 1.99 3.60 2.66 (Sell) 19.82%
13 2009-01-26 2370 50.71 1.22 3.60 2.22 (Sell) -13.95%
14 2009-01-23 1219 52.64 1.85 3.60 2.58 (Sell) -10.42%
15 2009-01-22 372 52.33 2.36 3.60 2.88 (Sell) -6.80%
16 2009-01-21 713 52.91 2.73 3.60 3.09 (Buy) 14.44%
Does PPT work on 3x donkey punches like FAS?
Artist:
The burp i think is going to come from Europe via Russia. Europe has 400 billion lent to the fucks. The gossip is that the Kremlin will let the banks fail and so the Euros wear the loss. Then the Kremlin comes in and buys the banking system for nicks. I think there’s more than a little truth to the story. The UK has the biggest exposure followed by the frogs and that rock of security- Switzerland. If they default it’s all over.
Pro
It does. However, it’s not as accurate due to the 3x volatility crap. I could design a formula that custom fits the 3x crap; but I am not interested.
PPT was tittering on world collapse yesterday. I’m guessing it just spit out some rip your face off reversal self felacio numbers, for all that are positioned the wrong way.
It’s a fucking computer model. It only goes by what the numbers say. It’s fucktards like us who can call the bottom/top on a dime, using what’s in front of us.
Is there a reply e-mail from Wood? lol
CA:
I try to respect the privacy of others, despite posting their private emails on the internets for billions to see.
Why would it spit out a buy signal or is that an extreme level you choose (3) as a reverse indicator?
Stop on FAS goes at 8.17 for my 1500 shares from yesterday.
J
Come again?
I don’t think the internets exists at the mountain village.
Expect correspondence via pony express.
I’m buying some BHP on those Mittal results. Fucking thing trades at 5X cash has next to no borrowings ($6 billion) spews cash out like Scores at the highs of the boom and the contract negotiations appear to be settling close to the stop price. On top of that you have all these support packages around the world that should help infrastructure.
I love the Pony Express……
(6 2009-01-21 713 52.91 2.73 3.60 3.09 (Buy) 14.44%)
You’re using 3.09 as a signal to buy, right? Just asking what makes the system spit that buy signal after yesterdays fall. I presume it’s some sorta moving average?
CAP the Self Cocksucker says:
Where’s DONNY ? Hows that FAS working for him. Down 26.9 % ROFLMAO !@@!
I’m in a fucking continuing education class for my securities license all fucking week long, you cocksucker!
For the record, both of Donny’s positions in FAS (8.21-8.23) & BAC (3.94) are positive. Here’s the CockSucker’s positions:
Long FAZ $63.89 Avg cost basis
Short C – $3.51
Short BAC – $5.77
Short JPM – $23.66
Short WFC – $15.59
BTW, I don’t “ROFLMAO” when anybody has a bad day, including the CockSucker mentioned above.
including the CockSucker mentioned above.
You referring to me or Cap, Osmond. For the record I don’t partake.
check out CBG
J-
I’m done fighting with you.
Donny O’
hey, what is ROFLMAO anyway?
look at fucking gold.
Seriously, Dog, you fat fuck, if you were within range I’d you’d receive the biggest fucking sucker punch that would make Forman look like a kid. You fucked my head up over a gold you moron, which is why I was trying to get the killfile that didn’t work.
You deserve a severe beating over your gold call. In fact Fly ought to ban the shit out of you for that alone, you cocksucker.
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Fly:
If we raise a kitty, can we pay you to ban that prick. he’s fucking with everyone’s head.
I’m in for 500 hundi.
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Fair enough Donny
I was only pissing with ya. You’re a good guy.
Anyways, I hate the fucking dog. that mangy shit cost me 30 g and counting, as I was going to pull the trigger and he fucked up the buy side of my brain when that thing was down below 900 in asia the other day. I’ll choke the fucker if I ever see him.
J
Those scores are in chronological order. Check the date: 1/21/09
It spit out a buy signal (anything above a 3 is ranked buy) but quickly reversed and was bearish on the move up, mainly because the technicals never triggered a buy.
It’s all in the formula.
sold off UYG @ $3.19, for like a 3.5% profit, and for some reason I feel nauseous about it. Ugh, I think I need a shower.
No way am I buying this market right here. I’ll be adding to shorts slowly here on strength. Still holding my AMZN too.
Thanks fly.
J – are you confessing that Ddog influenced your decision on a trade?
Get a grip on yourself.
For all you know he/she is a bored phone sex operator based in Pakistan.
this tired old hoor of a market just seems to be waiting for the raised pimphand to administer a smackdown…
Nibbling on a little DIG down here to see if we get a little retrace or a turn. Short term, yesterdays low as a stop.
Still holding UYG (wish I had the balls to get out w/a loss), DUG and AMR