I am quite pleased to see the GOP do something right, via blocking the “financial reform” bill. Fuck your financial reform, 100 ways till Monday. I like everything as is, including daily 40 point increases in the Dow.
I’ve been telling you motherfuckers to get short the euro, via [[DRR]] , long the dollar, via [[uup]] and long treasuries, via [[TLT]] , for months now. All of a sudden, the dipshits on the teevee like that trade? Fuck that, it’s time to unwind that and look for new ideas, such as Goldman Sachs Group, Inc. [[GS]] in the $150’s. Mark my words when I say: NOTHING WILL CHANGE. Goldman will not trade down to the $120’s, where that blond headed jackass likes it. Do yourself a favour [sic], take a looksy at GS at these levels. Thank me later.
At the moment, I have meetings to attend, all pertaining to the arts of proper asset management. As I walk out of the office, I am comfortable knowing that I am getting “my share” of the billions being produced by the stock exchange daily. And, secondly, I am way ahead of you clam-fuckers, especially when it comes to banking coin and shit.
Top picks: Goldman Sachs Group, Inc. [[GS]] , GMX Resources Inc. [[GMXR]] , Jarden Corporation [[JAH]]
If you enjoy the content at iBankCoin, please follow us on Twitter
Have fun at the meeting.
Still like fsys
I hear Clam Fucking is going to be an Olympic Sport in 2012.
Why the GS fiasco, is nonsense … and why the ‘designed to fail’ VXX inventors & peddlers should be prosecuted.
http://www.adventuresincapitalism.com/post/2010/04/28/Designed-To-Fail.aspx
still like FSYS here? Euro exposure….
thanks fly
you rock
Yes I did make some coin buying puts on GS a few days ago and made big big coin in 2008 shorting GS. Got my teeth kicked in shorting GS in 2009, but my losses did not eclipse my gains. The reason I shorted GS in 2008 and thought that they would fall even further in 2009 is that I had some insight about their crazy exposure to CDO’s and subprime. I knew they were doing huge deals with WAMU through Long Beach Mortgage ( the worse subprime lender of them all) and New Century probably the biggest of the shit houses.
There was a time that I thought they would collapse along with all of the big banks because I did not think the TARP would pass because of the public disgust with bailing out billionaires and the banks they run. But low and behold the government led by Bernanke, Tiny tax evader Tim, were able to scare people and politicians enough to push through the TARP. Would have the whole world economy collapsed had they not injected billions into banks allowing them the continue the shell game? I think not. Would Microsoft stop making software, would Apple stop making Mac’s and ipods, would have McDonald’s stop selling hamburgers?
I don’t think so. I have been as negative on Goldman as anyone and I did go short a few days ago by buying puts, that was for a quick trade to bank some coin on the reaction to the fraud charge, but its did not drop enough to break the upward trend it has bounced off of 150 exactly where it consolidated in late Jan and Feb. In the very short term the news does cause reactions, to me and my system for either good or bad the only that matters is price action. GS did not break the up trend that started in March 2009 in my view. I trade from a macro view and am a trend follower. Going long GS yesterday at $150 was the right call. I held my nose and went long GS today at 7:00 pacific time at 155.50 with a tight trailing stop since it followed through on yesterdays move. I will continue to be long until it breaks the trend. If it breaks out above the 21 day moving average I will buy more. Buy high, sell short low thats what I do even though it goes against what everyone else believes
Moe:
You’re bullish banks now? Is it time to take e cover?
I bought the TLP dip at $28.96. This position is easily my largest, even though the company is small. All in all, even at the low of the day, my positions were generally quite resilient to the selling.
Time to funnel armed European hordes into trenches full of bears, while observing and drinking cocktails.
I like TLP, but like the MLPX index as a whole more. Credit Suisse launched an ETN on the index about two weeks ago and I picked up some for my IRA. MLP’s have been a good part of my investments for my IRA for a while now. Also like BPL and PAA
not bullish banks, just will ride the trend on GS as I believe there was a good entry point after the sell off because of the headlines.
I don’t like BAC at all and I am short the name for about two weeks now, since Friday the 16th when it broke the 21 day.
You should take cover regardless IMO. I been doing it by buying out of the money March 2011 puts on SPY.
You haven’t lived, ’til you’ve fucked a clam.
Ok you Ding Dongs last chance at IMAX.
http://ibankcoin.com/henry_fool/2010/04/28/last-chance-at-imax/
Bought RGR $17.25
Buy some C here and sell it when it hits $5 again. I love C even though Chuck Prince was not a real Prince.
Whaaaaa?
Long FSYS and Nice call on GS —FLY thank you for all info very insightful
squid-fucker
What happened to GMCR? They just took it up the rumpus today.
Summer’s coming and everyone’s switching to Iced Coffee (???) ….
Fly warned earlier to avoid GMCR for now …. weren’t you paying attention!?!?