Today’s tape is not too much different than the epic movie, “Revenge of the Nerds.” I’ll have you know, “The Fly” has never been a dedicated bearshitter, until this year. With that being said, I have met the acquaintance of many short sellers, overt the past year, and boy are they pissed.
They bellow, holler and scream over the “false data” coming out of the government shitboxes. They cried foul when the Fed tried to move equity prices higher, via emergency cuts and broker bail outs. They, my silly internet friends, are having their way today.
I can tell you, they will offer you no quarter. You shall and will, deservedly so, receive the black flag, if you choose to ignore the reverse momentum and resumption of the primary downtrend.
Sell the banks, especially really bad ones at $20, on their way to $5.
Some new names on my list include: [[TCB]] and [[WTFC]].
When in doubt, go with the “Reverse Four Horsemen” of death and destruction, via [[FHN]], [[CORS]], [[FED]] and [[DSL]].
On the investment management side, short ideas include [[COWN]], [[JEF]], [[SUSQ]], [[LEH]], [[MER]], [[CLMS]], [[TWPG]], [[WDR]] and [[JNS]].
Fuck Janus.
However, it’s worth noting, my baby aka “crown jewel short” is [[CHL]]. It shall suffer a fate far worse than what the great Samurai warriors faced, when the gatling gun took the battlefield, many moons ago.
On the long side, all I’m interested in is oil/gas. Pick from the litter, fuckball.
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