It’s a misnomer to believe that [[GS]] will escape the ‘credit crisis’ unscathed. Shockingly, most people believe Goldman is this super human firm, with crystal balls on their trading desks and time machines in their bathrooms.
If you look back in time, you will see that GS is very mortal, indeed. During the 1997-1998 “Asian Contagion”/ LTCM collapse, Goldman was saddled with devastating losses. So great were the losses, it delayed their scheduled ipo.
Thus far, Goldman has managed to dodge a few bullets; but the war is far from over. I would sell short GS, if there wasn’t so many other shitboxes to bet against, however.
Let me remind you, “The Reverse Four Horsemen” are banking coin, in a reverse sort of way. [[FED]], [[FHN]], [[DSL]] and [[CORS]] are heading for a “non-glorious” death.
I’ll have you know, “The Fly” is very close to unveiling a new “Reverse Horseman.” Indeed, if I may be so bold, I will add a 5th horseman.
At any rate, the banks are dying and the fuckers at [[LEH]] are lying. What else is new?
My pair trade of long energy/short everything else is still intact.
With my money, I will sell short more [[LAZ]] and the cowardly cowards at [[COWN]]. And, I will buy more [[FTK]]. If you haven’t figured it out by now, “The Fly” will not rest until he gets his short squeeze in FTK. It seems attainable. I can smell it.
UPDATE: Bears discuss their Goldman short position.[youtube:http://www.youtube.com/watch?v=jdUL4xdCe-U 450 300] Comments »
And, I’m sure, the farmers who grow this shit are batshit “clown crazy” too. Who did I think I was, declaring a “top” in corn a few weeks ago? Should I ever try that again, feel free to internet smack me. That was plain ol’ “southern dumb” of me. So sorry.
The other side of this corn coin is very ominous. With prices gapping like this, people can’t buy food and shit. Also, it means the ethanol producers, like [[VSE]], [[AVR]] and [[PEIX]], are screwed. And, restaurant stocks are gayer than a 3 legged sculpture of Michael Jackson.
Within the eateries, short [[CMG]] and [[BWLD]] come to mind. Remember, the price of fresh chicken wings directly correlates to the price of corn, since those little critters eat corn feed.
Feel free to add your doomed restaurant stocks in the comments section, or not. Either decision you might make is perfectly acceptable with me.Comments »
[youtube:http://www.youtube.com/watch?v=OPTvt_CLuDg 450 300]Comments »
Fuck around, start betting against “The Fly’s” picks, your house will end up in foreclosure proceedings.
You might be wondering: “Gee, how does that Godly man, over there, keep banking coin, while I’m here twiddling my thumbs”?
Answer: Because “The Fly” is a space alien magician and you’re just a pedestrian.
I’ve got buckets of wins, in a number of positions, from short [[FED]], short [[CHL]] to long [[FXP]], [[RIG]], [[NOV]] and [[SRS]].
Just today, I initiated a short position in [[LAZ]]. It’s gay enough to print $30, while incognito enough to sit out a short covering rally, if one should spark in the financials.
My thesis remains static: long energy, short everything else.
Never, I and I mean never, bet against the guy in the time machine.Comments »
I sold short 10,000 [[LAZ]] @ $37.25.
Disclaimer: If you sell short LAZ because of this post, the next time you go to the salon, your barber will cut your eyebrows off. And, you may lose money.Comments »
It [[FED]] is being “Ducatied.”
Carry on.Comments »
The name (China Mobile) is being viewed upon as a black-footed albatross in the investment community. It is widely believed that the new telecom shakeup in China will hurt [[CHL]]. With a market cap close to 300 billion, there is significant downside to share price of CHL.
My chart guy is busy drawing squiggly lines on graph paper. He told me: “it’s going down the shit box, from here.”
This fits my short position thesis; so I though it made sense to pass it along to you.Comments »
[youtube:http://www.youtube.com/watch?v=zhkt6fpCY6c 450 300]Comments »
As you know, “The Fly” was expecting to see a short squeeze rally, especially in the financials.
This is the part of the downturn, where everyone says: “hey asshole, it’s not that bad. Plus, there’s lots of cash on the sidelines,Â dying to get in.”
I love how fucktarded pundits think idle cash is always “dying to enter the market.”
I know people with 10 million in their bank accounts, zero in the market, who could give two fucks and a gay goat about investing in this rigged game. Most normal people are sick of the market and its stupid ways; they rather invest in their own business.
Unfortunately or fortunately, depending on how you look at it, this is my business.
Hell, if I owned a chain of asshatteries, grossing more than 10 million per year, I would never visit this retarded website or have an urge to participate in asinine “short squeezes.”
With oil selling off a little, people with small brains are selling out their oil positions, due to fears of a “top.” Also, financials are sprinting higher, with exception to the “fortune cookie morons” at [[LEH]].
My short in [[CHL]] is still working. However, should this mini rally extend, it will cave into the bulls. It always does.
This rally was made for suckers. I will sell into it, while quietly sipping on a cup of crude oil.
Top pick: [[RIG]]Comments »