That’s it. It’s (the battle) fucking over. The stench from the banks have, finally, worried enough people to cause a stock slide. Even the energy sector is beginning to sell off, with exception to bullshit energy stocks like [[ROYL]], [[MXC]], [[FPP]], [[SYMX]], [[BDCO]] and a myriad of fucking coal stocks.
During today’s trade, I covered more of my [[FED]] short. It is a slight concern that Barry Rosenstein from Jana Partners keeps buying the stock. He has an excellent track record.
Nonetheless, betting against the banks, whether it’s FED, [[DSL]], [[FHN]], [[CORS]] or others, is still my best and favorite trade.
Just today, I started to short the cowardly cowards from [[COWN]]. It’s a deal house, in an environment where there aren’t any deals.
Bet against them all. My list includes: [[JEF]], [[TWPG]], [[PJC]], COWN, [[EVR]], [[OPY]], [[SMHG]], [[PLCC]] and [[SUSQ]].
In short, the above firms are the bottom of the barrel, when it comes to asset management. They need deals to make money. Without them, they will start to bleed capital, in the most egregious fashion.
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What is MON going to do, break new high, or suck it to 90?
Are you saying we are bottoming now?
No. “The Summer Siphon of Death and Glory” has begun.
Stay tuned.
Time Machine working wonders. Covered my DSL short today. I can now afford “rich man whiskey”.
FED is truly “best of breed”, showing strength in this tape. I will issue a “double buy rec with a fried egg on top”. If I’m wrong then I’ll… just issue a different rec, later.
Fuck You Fly
Don’t bet against Barry. He’s one smart fucker. I followed him on MMS. Bought in at like $30 and sold at $45.
wtf?
Not for nuttin’, but I axed youse tah “walk ovah heah,” fo some sausage n’ peppahs… I didna say nuthin’ aboud no “Wachovia.”
You musta mishoid.
__________
Maybe I missed it (the SELL) somewhere.
But are you holding your AAPL through today and the WWDC on the 9th June ?
Still long AAPL.
When “The Fly” dies, he will be buried with his AAPL certs, much to my family’s chagrin.
Good list: about time you threw some money makers on there instead of the casino double inverses.
To Art Hogan, fuck you botox brigadier.
FUCK STEEL
Time to get long Refiners. Remember my time machine call on Friday.
more anecdotal investment news from aris:
i just came back from the tea shop. there were about 7 or so people leeching the wifi there (adults, not HS or college kids).
all on macs.
“The Fly” is a true genuius. Does he see lower oil prices in the future?
FLY…JEF is being accumulated by the guys from Leucadia…they have a pretty good track record also.
JCG is a screaming buy at 35.
Fuck Leucadia.
However, it’s worth noting, I have no position in JEF.
But I do wish them the worst.
Who likes RS, ovah heah?
Two next generation storage plays, CML and PAR, started moving up last week and both contiued at an even faster pace today (up 10% each) on abnormal volume.
What’s interesting is the lockup expired for PAR last week and the stock has gone up on way above average volume every day since the expiration.
Rumors that IBM is looking at CML don’t make much sense, considering how small CML is, but who knows. If not IBM, someone will buy them. Neither company will be independent 12 months from now.
I heard Wayne Newton had a stock picking website. Am I there yet? Wayne Newton is cool, and so, so, tan.
It’s Real Estate, Stupid
Buy SRS as your hedge fools.
go long JNJ, sniper6 must purchase many bandages after this morning, and gauze pads to soak up the profuse puddles of my red, white, and blue blood. UUNNGGHHH FUCK!!!
New Bull Market Begins Tomorrow
It’s Prego – its priced in there.
Financial’s are priced in, the rest of the market is not.
Kass bottom
Not for nuttin’, but QTWW broke da fuck out, tah-day.
Salud.
_______
Re: QTWW
Trade it, don’t love it.
They need to raise money, so they and their hired PR minions will be promoting the stock until the money comes in.
It could actually run for a while, as the two pending train wrecks (one on the solar side, the other on the plug-in hybrid vehicle) won’t be evident to the public for some time. The hybrid vehicle will likely be the first place that the problems show up, unless the German government cuts subsidies for photovoltaic power first.
I wouldn’t buy it here, but I also wouldn’t short it until maybe $4 or so.
After shedding the disastrous Tecstar acquisition, QTWW can claim with a straight face that it is a green technology company, so all the funds that blindly buy green and alt-energy (to satisfy all the retail investors blindly buying green and alt-energy) will buy QTWW.
Without the company’s lousy historical record, they’d be at $12 right now and they’d have a name-brand IB promoting an stock offering. Instead, they are sub-$3 and are paying RedChip Independent and its semi-literate “analyst” $15k/month to pimp the stock.
POT continues to frustrate the short sellers, oddly enough.