The people who pull the levers on this market are sick bastards. Half the time, I feel like throwing soup at my monitor, due to all the fuckery and asshattery that takes place—day in and day out.
We all know the banks blow and should trade lower. However, consider the level of fuckery that these “lever pullers” are on, then trade on it.
Following a dreadful week, often times, the market bounces back. All of the brokerage stocks are at very cheap levels, barring new bad news. The trade is crowded, assholes. If I were you, thank the Lord I am not, I’d take profits on my brokerage shorts and focus on small thrift banks, like FED.
LEH can easily trade up to $41-43, on a squeeze. Don’t be that guy.
In general, the market may tick higher this week. However, I anticipate prices will be 10% lower, by Labor Day.
My focus will be to buy energy stocks on dips, and sell short banks/brokers/China into strength.
Also, my dice roll is on ethanol. My favorite picks in the sector are VSE and AVR.
Bottom line: Go eat a fucking sandwich.
UPDATE: Maria is a stupid bitch.
Ongoing…
If you enjoy the content at iBankCoin, please follow us on Twitter
Screw your banks, energy and Chinese stocks. I’m really rich now. Scientists have developed “pixie dust”. It tricks the human body into growing new tissue. Pixie dust is derived from pigs. My pigs just got more valuable. No wonder the Chinese Phuckers keep trying to steal my pigs. Those pigs are going to be worth a bazillion dollars if scientists can trick the male human into growing a longer sex organ.
http://www.foxnews.com/story/0,2933,353636,00.html
Buy pigs, corn, and drink lots of milk.
Bruce:
You’re a putz.
Ducati is a corn fucker….FED to zero.
Duc —
One wonders if you’ve noticed what they’ve had to PAY for those deposits, and what it’s done to their egregious net interest numbers?
FED is a regulated institution. Eventually the OCC will come in and “pull the plug.”
FED is becoming hard to borrow. My clearing warns they may have to call in shorts.
Just thought you might want to know that.
Your trading strategy sucks. Oil runs into Memorial Day and sells off into the summer. So energy stocks won’t do shit in the coming weeks.
Buy the rumor, sell the news. There’s a rumor that China is hosting the olympics this summer? China exchanges run into the summer then sell off post olympics.
Wow…that interview with Einhorn was sooo biased; stupid Maria…probably in bed with Callan.
Einhorn is just asking for trouble…its one thing Ackman talking shit to worthless companies like MBIA and AMBAC, but its a whole other league when it comes to Lehman. He’s going to get whacked “Michael Clayton” style.
Poor chap…I think he made some valid points in his speech and hes shorting LEHMAN for a CHARITY foundation.
Note: I am short FED as well…a good sized position.
Fuck you Bruce.
Fly,
“Make or break” on Lehmanstur Cheeze is $38.50 or so. That’s the 38.2/61.8% fib line (depending on which side you start from), and usually the hardest to break through.
I’ll be looking to short LEH there.
Thanks again for bullshit QTWW, which is about to break a bullshit triangle to the upside. If it breaks down on a bullshit move below $2.25, I will exit, hastily.
Fly —
My clearing warns they may have to call in shorts.
I expect that doesn’t mean what I think it means, but let me just ask: What the fuck does that mean?
_________________________
Dooc —
Inadequate reserves to NPA’s ratio. Someone posted something over the weekend as to what they are calling that … something humorous.
Eventually, the OCC comes in and says “Stop treading water, and attempting your bullshit weaseltries to obtain a ‘do over.’ Here, grab hold of this millstone life preserver. Do it. Immediately.”
Gasparino; there is a bidding war over Blackrock’s assets! LAWL
Fly —
Just went over to Yahoo to grab Fed’s 10-q again, and found this article. Note who resides between our our friends, DSL and FED?
Egregiously odd, no?
FXP is getting donkey punched. I guess CHL took off to the upside.
gotta expect this dead cat bounce after the weekend with the first break in oil….
Short crowds are very crowded — URBN — gay shirts, JBHT – trucking up 3% these stocks have 25% of the float shorted…. there’s not enough rational people to actually sell them off.
This is a very fucked market though, I agree with your sentiment.
Hey Duc –
Instead of telling people why their stock picks suck, why not try posting trade ideas of your own?
I may have to reprogram you.
Duc,
I recommended shorting it in the mid 30’s so I’m going to doubt that last.
I only re-iterated in my latest posting, and do so again.
I did mention that $16 was a better opportunity, and it got even higher than that.
I hope you took advantage.
Short APA here – extremely overbought on the weekly charts. This call is being made at a closing price of $135.85. The slide will begin this week with the first leg to take it down to the $120 level – an 11% slide from todays closing price. First leg down will be to the 120 level, 2nd leg down to the 100 level, and the third leg to the 90 level. Stop is at $146.50.
Lung Sac,
Thanks for the rec… even though I love me my A.P.A. like no other.
_
Jake,
Too funny – please indulge me a bit and explain how the hell you create the attachment to the word string. Many thanks in advance.
Lunc Sac —
Read the very first part of this page, the part with the title “Source and Destination Anchors.”
The first paragraph or so is all you need to know, as it shows you the “code” to insert a link. Should be easy after that.
_
Ahhh…Great – many thanks.