Holy cow tits I made a lot of money.
Right now, at this very moment, I have more exposure, betting on the downside, than at any point in my illustrious career.
I’m making so much coin, you are not worthy of reading this blog. Log off now and go visit some 2nd rate goat fucker. I’m too busy with my money counter, than to interact with fucktards on the internets.
Finally, everyone is betting on a 2nd half recovery. Why?
Lots of low IQ money mangers have positioned accordingly and are set up to have their heads cut off, when it doesn’t happen.
For the day, I was up a staggering “none of your fucking business,” right near an all-time high.
Off to eat 2 3/4 inch rib eyes.
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It’s fun to be bearish.
Now you need to post an “Egregious 10-K video.”
Hey Fly…
I spent this week watching people squander around looking for longs the whole week because they felt like they were “missing out” on “the rally.” That usually is a good sign the market is going to drop. Oh yeah, and the VIX never dipped below 20. Ha! Well, it was fun averaging up on SKF with yah…
See you in the finals.
-gio
Its only fun making money when everyone is losing money. I guess thats why being a bear is fun. It would be nice if all those asshat asset managers they parade on CNBC eventually go belly up and are forced to panhandle outside Grand Central.
” Yo homeless guy , didn’t I see you on CNBC ? You were bullish and shit about the economy huh ?What happened to that 2nd half economic recovery ? “
Granny = Bears:
nice humility asshat!
Fly,
Scroll back a couple of days when you were this close (pinches thumb and forefinger together, simulating a flyspeck) to “going long” to hedge your egregious shorts.
Remember that feeling and have more confidence next time.
In fact, wack off some of this confidence you’re feeling right now, wrap it in the “Saran” and throw it in the freezer for “use” later.
Sort of like Jackie (Gary Oldham) in “State of Grace” used to keep a couple of extra “wacked off hands” in his freezer in case he needed to “fingerprint” a hot gun.
Highly recommended movie, if you haven’t seen it:
Bears to Bulls:
Congratulations, you pasta-eating fool.
Stay tuned to CNBC next week for more “egregious” news from yours truly, Chucky G, regarding all sorts of important market-related shit.
AS egregious as your gains may be – it is not inappropriate to remember that Tuco, in his inveterate hatred of LEH, made more money today than anyone else. Having opened a brokerage account two weeks ago. Bon apetit.
“Scroll back a couple of days when you were this close (pinches thumb and forefinger together, simulating a flyspeck) to “going long†to hedge your egregious shorts.”
I can relate to this… the last two days over here, there “should” have been a rather decent sell off, which is why I’m leveraged up to my eyeballs on index put warrants. The piss weak losses we’ve had over these days have left me slightly in the red with weigning confidence.
To wake up on Saturday morning to see the S&P down 2.71% has made my weekend. Monday will ensure that I can pay off my 3rd house back home where interest rates are nearly at 10%.
Thank you Fly and friends for the bearish bias, it is indeed an enjoyable state of mind.
its a nice feeling when the market us down 3 hundred and you smile…
come now calvino. it’s been a little longer than two weeks.
fuck LEH
Where is “warning” ? Is it possible he was just “lucky” last time?
From “Warning,” today:
Warning Says:
Echo on the careful by fly. We may not rally hard but will close above 12420. If so longs are still good. If not, then time to reconsider.
February 29th, 2008 at 12:03 pm
BOOOOOOOOM, down, where is man with 20k.
SDP
Banking coin on the short side, I feel like one of the
Raiders of the Lost Ark
Thank my brother for this nice slide into the shitter. I recruited him to do some fucking rain dance (he’s not an indian…I just wanted him to look silly) to make the market go down so I could bank my goal for the month (on the last day of the month no less). He obliged and I banked 20% for the month, albeit 20% of next to nothing is next to nothing…still I get to put one in the win column. I’m looking for another flush on Monday to clean the bowl then I’ll bank my 20% for next month…and so on. I hope to someday be able to afford a servant/trader (in that order) so I can stop abusing family members.
Hey Bro, another G&T, thanks….
I have 25k, thank you. Let’s see what monday brings. Earnings Thursday. FLR JEC others that BOOM works with had great earns and record backlog. Should be interesting.
The wages of sin are…
Bankruptcy.
Get behind me.
“Get behind me.”
Too late for dat shit, it is.
I think MAS died—
here’s his link
http://mastrader.blogspot.com/
zee
Be careful Fly…A little too much irrational exuberance and you will get your little Fly balls cut off by Mr Market. Have you not learned anything in the last 4 weeks? I learned there is a lot of very dry bear tinder in the market…one little spark of hope and the shorts go up in flames. Then, unless you have change your wanton (fucktard) ways, you will be back to bowls of oatmeal and long walks.
Developing…
NFZ
I kept selling CRM despite the fuckalicious two penny beat and 20% gap up. Here is why.. and credit goes to Jeff, commenting in Eric Savitz’s blog in Barron’s. Incidentally, Netsuite just came out with a new development platform, and came up 10% on Friday! java based and open standards. Salesforce uses the MSFT model of proprietary code development..i.e fuck you and give me your money too. MSFT had to change last week. Still waiting on CRM.
Here’s the comments.
“Benioff (ed. the CEO) has made a killing selling stock. He’s pocketed 455 million so far and is making 600k each day (he has been selling 10000 shares a day since March 2005). Its absolutely obscene when you consider how much income SFDC has actually generated since going public.
Normalied Income After Taxes:
2004 – 1 milion
2005 – 7 million
2006 – 28 million
2007 – 3 million
2008 – 23 million
**TOTAL: 62 million**
So he has pocketed 455 million and the company has only generated 62 million in the same time period. For every $1 SFDC has made Benioff has pocked $7.34. I don’t know about you but I find that just absolutely scandalous..”
btw.. if you are scared shitless of shorting this doodoo stock. then hedge out with a long on Netsuite, which is backed by Oracle and is trading 25% off it’s IPO and at 60% off its high.
RE: AAPL
Recall the recent analyst report wondering where all the iPhone sales were going? Some 25% are unaccounted for, unactivated on ATT.
Get this. I just bought two 16 gigers. My friend performed a software hack on them…available for free on a website. Both are currently running on T-mobile with Tmo Sim Cards. Each was cracked in 10 minutes.
Not sure how to trade this. But it was so easy, I was amazed. Signed up for Tmobile tzones and the data service works great too.
If anyone is interested, I can email you the directions.
Boomer: I went long AAPL 118 last week. But really, is TMobile that much better than ATT? A former co-worker had a hacked TMobile iPhone that is switching over to ATT due to lack of TMobile’s coverage.
Smallz – not really better, but cheaper and I am in a contract. I also have a Vzw blackberry. That is a good piece. I’m just wondering how many others are doing it too?