This may not be working. I might be looking for something that isn’t there and never will be.
Time to start looking for shorts.
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Joined Nov 10, 2007
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FIG
Energy and oil service make up over 50% of Rydex sector fund assets. Last summer was about 20%. Who’s left to buy? Short interest in oil service names is non existant (again, not shorts to cover). Crude futures open interest at all-time highs with specs 2x as long as they were in 2008. DTO shares outstanding has gone parabolic, and is back at summer 2008 highs.
But first they bounce em…
ZIRP or not, this market needs a haircut.
johnny2time says:
May 4, 2011 at 2:54 am
ZIRP or not, this market needs a haircut.
Reply
Indeud.
Wall Street needs an enema.
Corrections are healthy and necessary to bring in more buyers; which is why t/a is important. Analyzing internals and accepting it are as well. Nothing goes up forever. GDP is being lowered, China is slowing, QE cannot exist forever, see the signs and hedge accordingly or trim positions. Move along.
Captain obvious
Most, pretty much know what will happen, but when?
aaaaahhh, that is the tough question.
Silver is looking so good…
http://www.youtube.com/watch?v=H0QE5A056Ro
lol like this silver play..
Really hard to short, lol…well not for me, but for Normal People hard to short with ECB Europe Central Bank and BoE Bank of England having their meeting Thursday and NFP Non Farm Payroll on Friday. The US dollar Index is just bouncing around that 2008 level. I know its a stupid Ugly Bubble that will pop at some point, but guessing that point is really hard with record level of Hedge Funds long the Australian Dollar and Emerg Market Currency….
Dumb
What goes up sooner or later comes back down. I like to short oil based on demand destruction. The higher it goes the less people want to drive and fly. Will oil go to 125 maybe, but sooner of later it will go back down to 90-80 who knows. It can only stay up for a limited time period. I cashed in my SCO today for a quick $2 gain from last week. Done that a few times now. Its like playing the mole game at the arcade. Oil pops up you hammer it back down and score two points. Have a good day today.
“Time to start looking for shorts”
Ah, yes, one who has been revealed to have been hung like a hamster, best leave his SHORTS on. Here, let me say it for you, :fuck off”! Now it’s your turn.
You Sir, are an idiot.
Where is your blog?
What is your strategy?
What have your picks been?
What is your ytd, mtd…?
What value do you add with your posts?
^answer above^
“You Sir, are an idiot.”
Maybe not.
“Where is your blog?”
I have often been asked that. Having a blog is like having a job. I’ve never liked having to show up for a job.
“What is your strategy?”
To continue to play the stock market in order to add to what I made in real estate. In other words, I’d like to continue to make more than I spend, while not worrying about how mcuhI am spending, and to make money by buying the stocks that most others are selling, and vice versa.
“What have your picks been?”
I rode SLW and GDXJ up big time last year. This year, not so much. i made bank with OLVRF.
What is your ytd, mtd…?
My personal trading account stands at $1,349.997.02. I am down a little over $2,300 since Monday, but well up yoy.. The PMs and the energy stocks and ETFs ahave not been good to me this week.
What value do you add with your posts?
That is up to you to decide, and, from your post, “sir”, it is apparent that you have decided that my posts add little or no value. Readers of the News & Observer felt the same way when the paper interviewed me in early 2005, and I warned them that that the RE market was going to implode. So I sold a lot of my properties, while the realtors and developers publicly trashed me. I still have the money i made, as well as more debt-free beach houses than I should have (they are worth less than half of what they were when I should have sold them), and the realtors and developers, who once wanted to burn crosses on my lawn, are pretty much BK or have committed suicide.
I give shit to The Fly, because The Fly can give and take shit. He is one of the few honest market bloggers on the net. He shoots from the hip. Most times he hits the big bulls eye, but this week he shot himself in the foot. He is living proof that you can’t win if you don’t play. Sometimes, however, you play and you lose. I just couldn’t resist taking a few potshots at him. He’ll make up for his losses in the future, or he will go out in a blaze of glory, trying. The good thing is that, either way, he will take us along for the ride. I no longer have the balls to do the same thing with even a modicum of his veracity.
kudos, mate. Well put.
I enjoy your snobby posts. Keep ’em coming.
fuckin eh!!
My mistake. I should have stated that your 1st post was idiotic because it contained no information – only a general put down; not that you were idiotic.
On the other hand, your response, was quite good.
Congratulations on exiting real estate pre-blow-up. Are you doing anything in RE these days?
Do you think the US is headed for a major meltdown?
Best regards.
I believe that the US is already in a major meltdown, and, as funding disappears for public job positions, salaries and benefits, the meltdown will continue. Because lots are being fire sold, I’ve been buying them for almost nothing and have been building spec houses and rentals. I’ve made some money on the specs, but haven’t yet completed the rentals I intend to keep for cash flow. My fear is that more jobs will disappear and that wages will continue to drop. Rents have been rising, but that will change if people seeing lower wages have less money to spend because of higher energy, gas and food prices.. I am building low energy cost and low impact rentals. You’ve probably noticed that even though nat gas is selling for dick, the consumer is still paying out the ass for energy. Maybe I should look into buying utility stocks.
On the way up, I could pay too much for land, labor and materials, but I could always find someone to pay too much for the house. Now I have to steal the land, pound the suppliers and grind the subs, because home buyers will only buy below present market prices, and the prices are continuing to fall. I’m competing with short sales and foreclosures.
I’m now working on a deal in which I will hopefully be buying land, in a dead-in-the-water, million dollar McMansion development, at yard sale prices. I want to build Ross Chapin type, pocket neighborhood cottages, and bring them in for about 20% of what the other houses in the neighborhood sold for two years ago. If I succeed, those people with their $1 million homes stuck way up their asses, will want to kill me. If I were in their position, I’d feel the same way, but I’m not in their position.
cryptic 😮
take a few days off.. when you get your head handed to you you start chasing
Moron.
Never ever give me advice. Got that?
-The Fly
I am short ,very short WNR . If there is one stock trend EVERYONE
here should be familiar with it is this one .
Chart people ………………..easy slide to 11.50 ??
And as a kicker we are bound to get Fly and Friends spitting the bit
by late this afternoon if they have neurons left to synapse .
thanks for the VLCK trade
Losers have tons of gimmicks and variety ….winners take pride in hitting the same old boring winners
———-Arthur Ashe or was it Craig Solomon[sic]
REAL men test in a LIVE environment, AND they don’t CRY!
They just get out there and FUCK something UP!
Go Fly go!
VCLK slayed earnings. WNR coming tomorrow. All will be more clear on Thurs/Fri.
I just went short CVI, VLO, and WNR along with SLV. Just can’t miss the move. Took a hit in two of them, but I will recover.
Classic bottom signal.
Nope, but it does require steel balls.
Nothing worse than a fucking Romeo on the rebound. Never trade when angry.
Where’s my PPT?