My cash position is down to a measly 10%, with today’s foray into BAC. I believe this is a good bounce to trade, which is why I am balls deep long. However, I still hold my VXX position, which will erode some of my gains. On a personal level, as discussed last week, I am all in long, via fucktarded 3x ETF funds and CRS/FTK/AXL positions.
My near term target for the S&P 500 is higher than where it is trading now. I will release some of my longs, as we get into OVERBOUGHT territory. For now, I will kick-back and enjoy the ride.
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Prediction: next post title will be: PPT Wins Again.
And let it be so!
TNA is the way to play this ride.
I’ve been a fan of UPRO. Maybe I should check out TNA, at least it’s fun to say.
ATM is better, look into it
Try some BAC.WS.A
“I am balls deep long”
I reckon thats as good as a contrary signal as you can get! I’m short from S&P 1099.
Sure, bet against the guy who is up 200% over the past two years. Dip shit.
For the record… that was not me… I’m just barely smart enough not to do a contrarian fly move with my money.
The ppt already won
Target, 1030 area. Stop tight at 1109.
I thought the guy in that picture was holding a child…
@ The_Real_Hmmm,
I found a credit analysis for STU and put it on the board of our discussion.
Thanks Cain. I found more info in the prospectus/quarterly for that specific bond and tranche. I’m wondering if there’s another collateralized bond that has a large outstanding balance for lower credit tranches containing high interest rate and high principal amount loans originated in states with excess unemployment. I don’t foresee any variable rate loans being a problem yet, but if there was a crisis in the commercial paper market blowing out LIBOR that would put an increased burden on payment rates (I think).
Yesterday when I said I did an analysis that came up with a 17.30 value, that was done with the absurdly low 2.56 10-year Treasury rate. Jack that fucker up to just 3% and the value of STU dropped to 14.90.
Most of their debt is very low rate, but there’s just so damn much of it. And 4.5 bln or so is due in just a few months.
Any thoughts on IP?
Hasn’t really participated in this whole “rally” thing…
Seems like it needs a quick 10% pop to get in line with the other 29 other Doweries…
Bought a truckload yesterday…
Fly,
Which 3x ETFS’s are you in? I forgot. The 105 degree weather with humidity has fried my brain. Thanks
TNA, FAS
Nice reversal call earlier this am, Señor T.
WTFrg!!!
and its burns burns burns, the ring of fire…
Bold move for a few higher considering your view on the pending big crash in september…
Then again, ballsy moves like this, that are made with Godly accuracy are what make you the Fly.
I am not predicting a crash, but a fucking pullback. DAMN YOU PEOPLE AND YOUR LACK OF READING COMPREHENSION. Damn You!
They need to take out an O’bama loan and enroll in Corinthian College’s remedial reading courses.
my butt is so tight. Spank my tight butt. Thx. Fly.
w… t… f… ???
😀
Please watch this 0:46 clip of a genius of a man………….
http://www.youtube.com/watch?v=AeoOR_NWHyo
HAHAHAHAHA
Most excellent.
Another up-day…..another .5%.
If i keep this up, i may recoup my losses from the great disaster of May ’10.
And the last two days, i’ve done it short. How bout dat.
If the market actually goes south, i could really make some moola.