While it’s true, I hate the market here; I get the sense the bears are walking into an oversold trap.
One of my key tells, SRS (inverse homebuilder), is approaching unsustainable levels—where it has failed numerous times.
In short, go eat a sandwich; don’t press your luck shorting down here.
If you insist on selling short, wait for a bounce, then sell CFC (modern day Enron) two times, until the fucker hits zero.
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yeah, i agree … some shit is just priced to go … i gots to pick me up some shitz
I’m watching “Enron: The Smartest Guys in the Room” tonight. Just got it in the mail from Netflix. Maybe I’ll learn something.
2pm and the FOMC minutes will answer all of our short-term questions.
-DT
btw FMCN bounced off your 47 level
added below 48
XFML is trading down in sympathy … as if it needs a fucking reason to trade down
I smell a rally
unless thats a shower I need
That’s sound advice Fly.
However, as fucktarded as it seems, will there be a bounce?
Of course there will…however, things have an odd feel to them, like something wants to break, one way or the other.
The FLY:
A week or so ago you called for long on SPF. And I thought it was pre-mature and just watched. It was way too pre-mature because SPF falled another 50% from your call.
So today are you going to call for long on SPF. Or you think it is a toss here at $2.40, BK coming?
Did you buy on your own recommendation?
Time to buy SWC/PAL.
JJ:
Now I suggest shorting SWC/PAL here.
By the way, the odd series of numbers that follow “JJ,” is that your serial identification from the mental hospital you reside in?
JJ,
Go join the Marines.
Also time to short FSLR. How do you think about the bomb shell on Seeking Alpha?
JJ is the beta version of the stock trading robot. Circa 1953.
The FLY:
No you don’t have money to short SWC. You bought SPF on your long call a few weeks ago and you lost your SH*T on that call.
Here is my 1 cents, the FED see muddling growth nest, and the kicker is the PCE should be comming down, thats good enough , even with slow growth , with P/E ‘s where they are now, its enough cause as long as the idea remains that the fed can if need be , help, since stks are cheep, and the economy will pick up instead of break down, stock can rally back…BUY BUY BUY
JJ,
I am a Pagan.
msft..hpq..csco…intc..emc…all make a # 2 on the qtr. and nobody wants to own them.
The dollar dropped 0.61% to 75.33.
I only bought a few thousand shares, fuckface.
I spend more money on groceries, monthly, than my SPF loss.
JJ,
You are the “greater fool” theory at work.
-DT
The Fed doesn’t give the bulls much hope.
“FOMC members predicted growth could slow next year to as low as 1.8 percent, according to the middle range of forecasts. The numbers are “notably below” the 2.5 percent to 2.75 percent anticipated in June, the Fed said.
Inflation, as measured by the personal consumption expenditures price index excluding food and energy, will be 1.7 percent to 1.9 percent, down from 1.75 percent to 2 percent. ”
“Most participants judged that the uncertainty attending their October projections for real gross domestic product growth was above typical levels seen in the past,” the Fed said. “In contrast, the uncertainty attached to participants’ inflation projections was generally viewed as being broadly in line with past experience.”
Ruh-roh. There’s room for a nasty inflation surprise.
JJ: Where were you jesterday when some sleuth printed up his dossier on you, little buddy? A very compelling piece of work .. as are you.
He destroyed the minute shreds of credibility you were hanging by.
Don’t worry, I still like you … I like crazy fuckers.
btw, how much computer time are you alloted at your ‘home’?
DT,
Good call on the Enron movie. I’m going to order that along with Favela Rising.
JJ’s dysfunction helps me feel better about myself. You are a blessing in disguise, JJ.
Whoops………I read it wrong, was reading very small print, seems pickup in 09! MY BAD!
Juice:
I don’t know who is sleuth and I am int interested in what he said. When FLY bought SPF I said he did it pre-mature. Was that not credible?
Now the FLY just said he now has less money to spend on grocery because of his SPF loss. See above.
JJ,
Is English not your first language? That would explain a lot and you’d probably get a little more sympathy around here.
-DT
JJ, you are recommending that people buy (te) what companies give away for free.
I’ve got some dog shit in my back yard you can buy, since it seems you like to buy shit that other people give away for free.
The Fly said he had more money to spend on grocery, but then lost in SPF. So he must be spending less now due to the loss. Very logical.
JJ: How many folds you are up on SWC, PAL & your FSLR short ?
I thought so.
Now go eat a donut hole, chicken scratch.
Woodshedder:
What company gives Te away for free? I would like to know and would like to have some. Tell me.
and JJ, btw, I bought 16 ingots of tellerium.
Juice:
Really, where did you buy it? I ordered a month ago and is still waiting for my order. Just a few hundred freaking pounds and it takes soooo long to get!
Fly,
SRS is not inverse homebuilder.
SRS is not inverse homebuilder.
SRS is not inverse homebuilder.
SRS is more like inverse commercial real estate (CRE). Realization of the problems in CRE lagged realization of the problems in residential. CRE doesn’t have the big fraud problems that contributed to the residential bubble and the resulting damage, but it has many of the other elements that created the residential bubble.
What really seems to nail CRE and send SRS soaring is a credit drought. That’s why SRS soared in August, but hasn’t been drifting up as the homebuilders and lenders drifted down.
I think there now is a chance for SRS to drift up as retail gets hit and all the rosy scenarios that were supporting CRE get a frosty blast of reality.
what idot brought SPF , whay not buy some fre,fnm and CFC as a side to go along with it?
Waiter: I’ll take SPF with a side of CFC & a dollop of MBI, thankyou.
Sorry I left the Peto out of that one, have some some for a kicker!
Hey folks guess what , I gotta sunmit to admit, Right? Who asked F em…….anyway I been long FRE DEC Calls 30 Strike, since the AM selloff, Now I up nicly, hmmmmmm delvolping!
Ott:
I know.
Lazily, I fail to explain the details of SRS. It’s inverse IYR. BXP, VNO and all of that good stuff.
Your sloth is getting out of hand. I may have to kick myself down the stairs.