iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,431 Blog Posts

To Hell in a Hand Basket

Good luck buying stocks, “bottle fucker.” I have the utmost disdain for real estate, by the way. Specifically, I despise NYC real estate, since it never goes down. With that being said, I feel it is “worthwhile” to weigh into the REIT fuckers, via [[SRS]]—in a big way.

My “chart chomping fool guy” says: “there are significant breakdowns in many of the SRS components. Feel free to go ahead and sell it, rapidly.”

In addition, I am shorting [[RIMM]], despite being long, for a trade—down to $90. And, with [[FXP]] in the low 90’s, I’m fucking tempted to throw my trader/servant down a sewer pipe and buy that fucker.

Remember, buying FXP gets you short [[LFC]], [[CHL]], [[PTR]], [[CEO]], amongst others.

In short, feel free to get drunk/smoke crackpipe and sell short stocks, again.

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24 comments

  1. Big Mike

    FLY…

    Like I tell my friends when they lust after I bang amazing looking Victoria Secret chicks…

    “Hate the game son, not the player”

    Fuck you right back…

    Nonetheless, FXP looks rather interesting for the weekend, after China’s inflation and reduction of export to the US no?

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  2. bulliSHIT

    set up short trades in SIZE for the 3-day wknd. after MLK wknd, who wants to be long stocks over a 3-day wknd with terrible economic info?

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  3. zephler

    MBI and ABK to stage monster rallies next week – MBI will see close to $20…too many people are betting on the what seems to be obvious – it seems to easy to think that they are toast, doesn’t it? The head of the criminal enterprise that is the market(the US gov’t) will bail them out – non of you actually think there is such thing as “free markets” do you?

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  4. The Fly

    Mike:

    I just hate small guys/pikers, like you.

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  5. The Fly

    Zeph:

    I would NEVER buy those stocks. However, at this point, I would take profits on MBI/ABK shorts.

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  6. RWT …. Timmmmmmmbbbbeerrrrrr!

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  7. TraderCaddy

    Does TradeBot have a thinking brain? If it does it probably remembers what happened to the market a few weeks ago the last time we had a three day weekend.

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  8. Big Mike

    sorry fly, i just cant help it… you just set yourself up to be made fun of…

    Like the nerdy kid in high school, you beat him up just for the hell of it…

    cheers!

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  9. mrkcbill

    Fly- I thought this kind of echoed your take on Clemens.

    Whitlock

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  10. Greekpunk

    I love how CNBC puts Kneale, their “Media and Technology Analyst” on for every segment no matter what the topic is…..what fuckers.

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  11. The Fly

    Good point.

    Why is Kneale on all the time?

    I.Just.Don’t.Get it.

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  12. BOOMER

    I have not watched CNBC in two days, save for maybe 5 mins. It’s been nice

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  13. JakeGint

    I haven’t watched CNBC in years, save for an occassional glance at Liz Klayman’s magnificent breastusses.

    I understand she’s not even on the show anymore. Pity.

    Then there is this “Poppy” person on CNN Money.

    Interesting.

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  14. Trader Servant Down a Sewer Pipe
    Trader Servant Down a Sewer Pipe

    Hello?

    ***

    Hello??

    ***

    Can someone at least crack a manhole cover for a brother?

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  15. ottnott

    Why is Kneale still on CNBC so much?

    Because the Fox Business channel’s rating are so low that they can’t afford to hire every market cheerleader with a suit.

    He’s also on so much because he believes that first-rate bloggers should go back to shining the shoes of cable-network stars, while third-rate bloggers never should have been granted parole:
    ENGLEWOOD CLIFFS, N.J., October 11, 2007 —CNBC, First in Business Worldwide, today announced that Dennis Kneale is joining the network as Media and Technology Editor…

    …In conceiving, directing and editing many of the cover stories in Forbes, Kneale has overseen such high-impact pieces as the recent “Hiding Behind the Net,” on how anonymity on the Internet is out of control; “The Sleaziest Show on Earth,” on the rampant tactics of some hedge funds; “Attack of the Blogs,” on how they can wreck brands and destroy lives
    http://www.cnbc.com/id/21250372/

    That last line sounds like an invitation to me.

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  16. zephler

    sure UGGS are gay, but @ a forward PE of 20, DECK doesn’t look like that great of a short anymore…

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  17. ottnott

    The “E” is subject to revision.

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  18. TraderCaddy

    Time for another daytrade in BX.

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  19. Fly or anyone:

    Ever use DXD for a short? Why or Whynot?

    The DOW is now heavy with financials, No?

    So isn’t this a good way to short the market w/o fear of a bounce in banks via SKF?

    Thanks

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  20. TraderCaddy

    I use DXD as a trading vehicle sometimes as well as DDM (although the spread is nutty). Sometimes I just short DIA since its more liquid with a better spread.

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  21. ottnott

    A fun slideshow courtesy of Barry Ritholtz:
    http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true

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  22. TraderCaddy

    It’s a good horse race between XLF and SKF (both still positive). Reminds me of the perfecta in the fifth at Hialeah Track.

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  23. Trader Servant Down a Sewer Pipe
    Trader Servant Down a Sewer Pipe

    Ott, not only is that slideshow incredibly funny, it captures the IB guys to such “pitch perfect” effect that I’m stunned by the simple genius of it.

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  24. Valencia

    What was the interesting thing? Oh! That. Yeah. I should have guessed. This post is good, but not good enough.

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