I just wanted to inform you good people, regarding the present and future condition of the Exxon Mobile corporation. Our new, valiant, leader intends to tax the Exxom Mobile corporation, so that bountiful resources may be redirected towards soup lines and incarcerated men in need of sex changes.
With the stock under $70, it runs the risk of being “rolled on,” by frightful fund managers, who already face enormous redemptions this quarter. Essentially, a large majority of big funds froze client assets last quarter, in an effort to save themselves from being placed on the unemployment line.
Well, well, that stratagem did not work out as expected, particularly since the market, in an odd sort of way, APE RAPED those very same client accounts to the tune of another 20%, thus far in 2009.
So, look forward, within weeks, to yet another arduous round of deleveraging at some of our biggest and worst asset management firms. Moreover, look forward to those asshats liquidating very large blocks of XOM, effectively negating XOM‘s current and criminal share repurchase program.
My play is DUG/ERY
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Zombie pulls his own finger before passing gas.
FLY –
How about some OTM APR and July Puts instead?
No options for me.
Too much fuckery with options, or do you prefer the leveraged inverse after the market leader breaks down?
Yes.
XOM will be split into 3 companies.
Fly, is an ape rape more severe than a clown rape, or is an ape rape more like 2 old gay men having a lovers spat?
I understand as I am in similiar shoes as you…I just suggested it so that those pikers out there get a taste of a good thing…Once they have the taste they will sell their cheap ass shoes on ebay to make the subscription payments to PPT.
Fly- Check it out. XOM overlapping $SPX on a 20-yr chart. Must be some Cialis in that fucking oil.
http://img136.imageshack.us/img136/7564/xomspx.png
Here’s a 40 year chart XOM vs. $INDU
http://img21.imageshack.us/img21/1024/xomindu.png
XOM looks like it’s about to get Thelma and Louise’d.
Ape rape is reserved for large companies, so you know.
Had XOM been, oh let’s say MVIS at $2, then a move down to $1.20 would be called a “clown rape.”
Danny, please insert into iBC dictionary for reference.
DUG/ERY so close to BUGGERY…coincidence?
GE just cut its dividend, and the stock continues to get sodomized by unfunny clowns.
I’ll be honest with all of you. I thought the market might be at risk of a rally on GE dividend cut news. The stock’s continued weakness allows me to relax and watch the DOW dribble lower to 6000.
interesting Roubini commentary on Eastern Europe:
http://www.forbes.com/2009/02/25/eastern-europe-eu-banks-euro-opinions-columnists_nouriel_roubini.html
Next crisis brewing not on American’s radar?
Thanks Fly, that lets me know what we’re dealing with.
So really high stocks, say Berkshire Hathaway once at 147,000.00 now at 77,000.00 would be called getting “godzilla raped”
(or if you’re Japanese “godzirra”)
Brazil-Phil…while dow 6k may ultimately be achieved…it will be from the 9500 level first..rocket short covering rally by accounting and mark to market changes will scorch the perma bears..who at this point are as original in their thinking as a retard reciting a poem after severe medication..good luck though.
I’m on it.
Cash – Good luck with that thesis. OT, can one ever be original while reciting something, regaurdless[sic] of mental faculty or sobriety? Just sayin?
Holy shit, who is this British chick on CNBC. On fucking fire!
Fly,
Why buy DUG? Why not short XOM directly?
Cash-n-Guns. If that has been your thesis, your clearly not making money in this market. Am I wrong?
Anyone see that 6+ million share block of SPY go through?
33,390,960,000
That’s a 33 billion dollar block, at the ask.
damn……….
http://www.chicagobreakingnews.com/2009/02/wal-mart-worker-immolates-self-in-parking-lot.html
I know Fly hates MOS, but I think a couple of people here either are or have been involved (I’m in POT).
This rumor pops up about every 2 months, this time from Soleil. I’m only posting it because the fertilizer industry is trying to consolidate given CF made a hostile bid for TRA — and AGU in turn made a hostile bid for CF:
12:12 MOS Mosaic follow-up: Talk on MOS is that Cargill will buy remainder of co for price in $58-60 range; Cargill owns approx. 64% of MOS (40.77 +1.11)
Maybe it was C, investing their bailout.
XOM is the poster child for “taxing the rich”.
Watch OMX on next rally. Please ignore this because if you don’t I won’t buy it.
brazil phil– yes you are wrong…but that may change..!
Puuleeasssee.
Quit pretending that these taxes will have a major material effect on companies like XOM. They’re in practically every country that FedEx goes. They are everywhere. They’re like your moms.
If they get unhappy at home because the tax burden gets too great, they can easily, EASILY! go to whatever country they want.
They’re so fuckin rich they could do a deal with Bigelow Aerospace to be headquartered in orbit and pay royalties to only the individual local countries that they operate in. No head office tax. Launch from International waters in a Sea Dragon rocket.
If O’bummer wants a bigger piece of the pie, he’ll quickly find that its a bigger piece of a much smaller pie.
End of transmission from Mars.
Short STC with Phil. Lol, those were my trades at the high of the day. ONly got a partial fill.
Executed Sold Short STC 160 $15.05
Day
Executed Sold Short STC 100 $15.05
Day
Executed Sold Short STC 100 $15.05
Day
Executed Sold Short STC 100 $15.05
Day
Executed Sold Short STC 100 $15.05
Day
Executed Sold Short STC 100 $15.05
Day
Executed Sold Short STC 1,300 $15.05
Day
Executed Sold Short STC 100 $15.05
Day
Executed Sold Short STC 100 $15.05
Day
Executed Sold Short STC 100 $15.05
Day
Executed Sold Short STC 100 $15.05
Day
Executed Sold Short STC 100 $15.05
Day
Open Sell Short STC 2,540 $15.05 Limit Day
Not to say that they can’t or won’t drop in value. It just won’t be related to these new HQ taxes.
Mars.
Someone smell lat day sell off?
short stc from 14.65 from this morning.
Looking at pricing action is the way to go:
There are lots of stubborn old men that want their money in hand.
The fundamentals are still screwed as well. We are still being jerked around with balance sheets propped up with cash flow disguised as profit.
These bank balance sheets were fucked for the last 8 years and no one knew. XOM could be lost in it own complexity.
.
Ha, that stupid bitch Bartiroma says there is 4 trillion in cash waiting to come back in.
Is she retarded? The fucking Dow is at 7k.
NO ONE is dying to invest.
Where’s that stupid fucking moron, Devil Dog? Where’s the rally, motherfucker?
Ryan, yep. Dow down 100+ by close?
Let me tell you lemmings a little something: XOM and GE are bleeding lower.
That’s all you need to know about the direction of this tape.
New Poster,
This market keeps going lower. I dont understand why anyone wants to be a bullshit dip-buyer. EVERY BIT OF NEWS EVERY SINGLE DAY IS WORSE. At this point, if one isnt short, the best way to go is CASH not buying stupid stocks.
GE jumping off a fucking cliff. Wow.
I’ll reiterate the technical target: $6, boys. $6.
That’s the measured move (not that I’ll be buying there either).
…gang-raped by a clown in an ape suit, and an ape in a clown suit.
Sniper 6,
ROFL
THEY GOT BOB PRECHTER ON CNBC!
watch the thunder..here it comes…boom your sell off is over for today..
Phil
Wrong
GE to $1.
Cash-n-guns,
You’re starting to sound like the CNBC anchors. 100 points down — ah, not so bad.
Are you kidding me?
crash postponed till Monday?
Remember one thing at the begining of next week. Highly advertised patterns tend to fail especially [ELLIOTT WAVE] or should I call that IDIOT WAVE. It is true that waves happen in the market but to time them even within 6 months is lucky.
The last book Jed purchased at Amazon.com was “How to become a plus-size model.”
Jed has man tits.
The Fly is God.
Everyone needs to relax, take the night off, crack a nice bottle of scotch, sit back and watch Monty Pythons, The Holy Grail. and lifes worries will disappear with laughter.
brazila phil…its one day mate…not the end of the game…have a good weekend..
TheArtist,
I like your frame of mind. Let me suggest, however, radiator fluid, in lieu of scotch.
Fly,
About GE. I was referring to the upcoming weeks and months.
12-24 months out? $1? Yeah, sounds about right.
Cash-n-Guns,
No harm done. Have a good one,too.
Judging from the tone on this site and the usefulness said tone has had in predicting counter trend moves it looks like this is a great time to cover shorts for the monday rally.
just covered… don’t like the action into the close, and Buffett’s letter tomorrow will get everyone feeling all warm and fuzzy about stocks again.
The Contractor,
The indicator continues to be GE. The stock looks like shit right now. But if somehow, someway, it manages to clear $10, I cover all my shorts. It’s that simple.
As long as we stay below $10 on GE, I stay short the stocks I’ve been holding for weeks.
In other words, the bulls need to prove to me that they are willing to ignite this market higher. I don’t see that yet.
So I’m sticking with the trend.
Dylan obviously has become a bear. heheheheh
He’s talking down GE and you can see the consternation on Bartiromo’s face.
She looks nervous and upset.
Funny stuff.
Jon Najarian just said on CNBC the option activity in MOS makes him think there may be something to the rumor I mentioned above.
Looks like MOS is going to close at or very naer the day’s high on 2x average volume.
It think there may be something to it this time.
Phil … thought you were headed back to Brazil … Change your mind?
E8,
I leave on March 5th. Right now, I’m packing up stuff, wrapping loose ends and doing trades.
phyllis_from_brazillus…don’t let the door hit you on the way out.
Anon,
Blow me.
Do you have any tweezers, phyllis?
I’m not gonna bother with you anymore. You’re too worthless. You don’t make any money or contribute to this site with stock picks or forecasts.
Btw: How’s that Bank of America treating you? Tea-bagger.
phyllis,
Cashed out of BAC at $5.40…purchased at $2.93.
Thanks for the tip, fuckface.
Phil … will you continue to post here upon return to home or will you be estopped by your new employer?
Anon, Sure you did. 5.40 isnt even a technical level. Nice try. hahahahahah
I’ll believe you when you start posting trades on this site.
E8,
Not sure what their policy is on that yet. I’ll be doing open market operations all day for the bank, so it might be tough to reconcile.
Fly:
What exactly is wrong with JPM? Seems like had a strong.
phyllis, here is a couple of trading tips for you:
1) Not all trades take place at “technical levels”
2) 100% short and holding cash is not 100% short
Since you did not know either of these points…you are clearly an imbecile.
Anon,
An imbecile who’s up 18% YTD.
Sure phyllis…and you also have a 10″ cock, right?
If you answer yes, then try sticking it up your ass, fool.
Whatever, I’m done with you.
I have nothing to prove to you. I’ve been posting all my trades on this website over the last few months. Just go back and check.
Now, you’re wasting my time.
Don’t bother typing more bullshit.
I won’t respond.
I hold MOS long since I covered at long term support at 36.50 on Monday. The Cargill chestnut gets rolled out every now and then but what have they got to gain by buying up? Nothing! They got 67% and nobody else can come in and change their position. There isnt going to be any aggressive takeover either cuz Cargill is private.
If MOS moves higher it will be becuase they manage to manipulate the price of MOP in the same way they used to and farmers can find the coin to pay for it.
Cargill isnt goin to burn through big piles of cash right now buying shares IMHO. That would be plain silly as the bootom for MOS isnt in yet, theres every chance it will see 20$ if this market fcukery continues me thinks.
Too bad Phil …. so another one bites the dust …. gunna make for a slow/dull board around here pretty soon … I’ll be forced to buy the PPT soon or face extinction!