It really is a waste of time, waiting for [[POT]], [[MON]] and other ag plays to top out. Especially when the financials are ATM machines for the shorts.
With oil above $111, it’s game over for [[DCR]]. What a scam. Should oil close above $111 for three days, DCR will be liquidated. Lawyers will have a field day with the this one.
As for me, I like [[SKF]] and [[SRS]] down here.
NOTE: Another Fly short, [[DSL]], appears to be heading to zero too.
With the financials scheduled to report earnings this week, I like my chances betting against them, particularly [[FED]]. Hopefully some of you leeches shorted some FED near $30, like “The Fly.”
Finally, the market is holding up fairly well, as the bulls hold onto their optimistic sunglasses. Heck, they even got a merger of losers today with [[BBI]] and [[CC]]. Without being too clever, I will tell you time favors the bears. There will be more writedowns and significant earnings short falls this quarter.
One big dice roll: short [[IBM]] into earnings.
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All is not lost – the bulls still have perma cheerleader Dennis Knealy (sp?) – I’m sure he spends all weekend at CC urging Americans to support our economy (well, someones economy)
selling POT at 158 was one of the dumbest things i’ve done this year.
i now hate POT and hope it burns for eternity.
Hopefully some of you leeches shorted some FED near $30, like “The Fly.â€
$32, thankyaverramuch.
— Archibald, the Internet Leech
DCR is history. Oil is on a fucking tear.
The Vix has a 50% gap before running into $36 resistance.
Don’t look now, but it may be time to shuck CLaMS again.
IBM is still around?
Don’t fucking short a bull commodity run, how many times have I told people that? Only for hedging. I mean, look at that fucking weekly chart for USO.
Very quietly, and with all due haste, please to short the odds & bodkins out of WaMu at $10.56, or lower.
Ha ha ha, children. That was me, there.
“Having a little fun,” as it were.
But really, do bite into WM here, before I start laying down the lighting bolts.
Unbelievable the people that bought DCR. Just short the fucking USO for a hedge.
Wait Mr. Fly I am slightly confused
You say you like SKF and SRS down here. Does that mean you like them, or you think they are going down?
Fly,
Warned you about the DCR premium, but you
blew me off.
Pete
You did. Luckily, I sold it all around $11.
Love the photo of Billy Mays.
“Under thinking…”
* I gave at the office.
* The check is in the mail.
* I won’t come in your mouth.
* The Dividend is Safe
Keep shorting DSL to zero? My feelings for IBM are mixed. It is a hard drinking club, and I respect them for it, as well as the money crumbs that they once gave me. However, the reiterated earnings were completely fucking uncalled for, so I wish you cows to stumble onto a meadow of tasty hemlock on your earnings call. If you short them into earnings, and don’t bullshit me Fly, daring us to jump off the bridge, that’s balls.
Check fed and dsl for overthinking strategies.
I am starting a small LONG position on FED…way too oversold…
Your funeral, my son. I shall bless it, no matter.
“Very quietly.”
Oh, Zeus, I can’t get over how much that phrase tickles me.
DSL pushing into 12-year low territory here, folks.
I remember when I first got in the biz my mentor told me the only time it was safe to buy deep cyclicals like commodity plays, drillers, etc. was when they were losing the most money because that would market the cyclical trough. Then hold them for 3 years max.
Ha! What an asshat he turned out to be. After a 5 year uptrend, they just keep buying ’em. Cyclicals are apparently now secular growth stocks.
Any stock that isn’t some how related to commodities, drillers or solar should just delist, cuz nobody gives a fuck about anything else.
It’s a New Paradigm, huh? I wonder if this New Paradigm ends the way the last New Paradigm ended when the only thing that mattered was tech?
Watching the SPY today, that is the most schitzo-coked-up asstarded tape I have ever seen. I wouldn’t be surprised to learn that the traders are all out at the bar today and have been replaced by dyslexic nympho pygmy goats with sledgehammers duct-taped to their hooves.
So here I am walking over to my local C to deposit some cash. When I walk in what I see in front of me amazes the fuck out of me.
I see a huge sign that says “Treat Yourself Today!” Below it says “Pay for an education, make improvements or just have a celebration all on your house! Get a Citi HELOC today!”
Now I say this, WHAT THE FUCK IS WRONG WITH THESE PEOPLE! They should be shut down immediately. What the fuck could they be doing giving out fucking HELOC’s for a “celebration”? Does this disturb anyone else? Who the fuck does this anyway?
Oddly enough after posting this comment it appears Country Wide is offering this shit too via Ad Sense links or some shit based off my HELOC word. Egregious I must say.
Gaps,
Did it really say “have a celebration all on your house?”
Cause that’s just egregious.
@yapping: Could they be desperate to show more “assets” and “fees” on their balance sheets, knowing that the Fed has got the downside covered, should it appear?
Anybody thinking of shorting solar stocks on a oil pullback?
I love a chick with some nice DSL’s.
JakeGint:
Actually, Shitti wants you to fly to Tahiti on your house:
“You can consolidate your high-interest debt. Make those long overdue repairs to the roof. Or winter in Tahiti. The bottom line is what you do with the money is completely up to you. While we don’t advise splurging on luxury items you may not be able to afford, home equity loans are a smart, low interest way for homeowners to access funds when they need it fast. More details on Citi’s Home Equity Products are below.”
http://www.myhomeequity.com/HomeEquity/products.do
These guys should be arrested.