ATPG had an enormous short position for years and now finds themselves drinking bourbon out of used oak barrels– bankrupt. GMCR was heavily shorted, well before the likes of Einhorn came along and pronounced the company to be a sham. DMND was shorted before news broke of accounting irregularities.
For you new-jack suckers out there: beware of stocks that are heavily shorted. More often than not, stocks that are targeted by shorts (think SHLD) are targeted for a reason. I love to play off the weaknesses of follow-on short sellers, squeezing them for short term gains. But I rarely hold heavily shorted stocks for long term.
When markets are in explode to the upside mode, stocks with bountiful short positions are the best stocks to own, due to the inevitability of less than committed, opportunistic, shorts sellers being forced to buy back shares to protect dwindling capital bases. But am I interested in holding DMND into earnings?
Fuck that shit.
Over the next several days, I intend to inflict massive damage to shorts sellers, trapped in DMND. They will cry and scream for help; but there are no near term catalysts to derail the stock from going “African Mask” on you bastards.
We’re going African Mask on DMND, throwing spears and shit into your faces, and then I am out.
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boom shakka lakka…
You always manage to find the DMND in the rough!
Congratulations!
Just going ‘African Mask’, nothing more, nothing less.
Without a doubt, the “hideous African Mask” is one of my favorite front page thumbnails.
is it just me or is that “Wild Kingdom” drums I hear??
It is not your imagination. They are playing.
Actually that particular drum sounds more like Yelp shorts going african-mask on the longs.
Shut up. Your kind is not welcomed here.
I did warn you of YELP’s valuation last week. We will have no more talk about it.
I bot a little YELP today on the dip.
The Fly is God.
I’ve got my shorts on all day.
Good. Kill them all.
Except those of Rhino, the man.
haha, I am about to go long YELP, fuck you shorts, you’re dead! Except for mine of course.
Bonds went nowhere today.
What does that tell you?
Phyllis Diller will always be funny,
Todd Akin will be gone tomorrow,
and this market is going higher.
The dip will come one stock at a time, not en masse.
Fuck that shit..i think that’s Swahili?
Speaking of Africa, my daughter just came back from a job related trip to Ethiopia and mailed me some coffee beans.
I told her some Ethiopian jokes to tell the locals but she is too smart to use them.
I held FN into earnings today and it paid off big!
So, I’m alone seeing a 1000 point Dow drop in the next 30 days? Well, ive been building shorts for a week. I can ride that out.
The nomination of Ryan changed my spring Dow target from 14k to 10k. I see Obama’s re-election, and a 5 month budget battle as inevitable. Does anyone think we will still have our A rating, by next summer? I mean, if there is a total impasse? I think we will be fortunate to hold Dow 10k. The fiscal cliff cuts, as they stand now, will likely give us Negative GDP. At minimum
Yea ’cause the last S&P U.S. downgrade tanked the Dow by 40% and sent bonds crashing, NOT!
Nice zinger!
THIS BLOG IS FOR LOSERS. YOU ARE ALL LOSERS.
UNEDUCATED, LONELY MEN, WITH ADDICTIONS TO PORNOGRAPHY.
THE FLY IS YOUR PIMP.
Great post.