I caved in, late in the day, and sold a lot of my [[FXP]] position. I have so many pristine ideas on the table, it makes little sense to keep so much money tied up in Chinese fuckery.
The next inverse etf on the chopping block is [[SRS]]. God willing, I will kick it out, north of $120.
As you know, Tim Russert died today, probably due to a heart attack. He seemed like a decent man. His death reminds me how fragile life is, with our temporary existence and pending death, via surprise or deliberate. With that in mind, I’ve decided to “speed up” the amount of banked coin, via stock selections on a very high level of competence and Godliness.
Lucky for you, prior to your demise, you get to read “The Fly’s” rantings and leech on his stock picks. Also, if you’re bored, you can always scurry along to the other iBC bloggers and make money off their picks too. I’ll have you know, my decision to bring on “tabbed” bloggers is deliberate. I’d never let someone blog on iBC, as a tabbed blogger, if he wasn’t a highly competent investor.
In closing, I made massive amounts of coin today in [[FTK]], after deciding to take matters into my own hands and start a short squeeze. You’re welcome.
For the day, I was up 1.55%, making up for all of yesterday’s losses and more, naturally.
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Holla!
R. Kelly, Free at last! (Acquitted)
(Sorry, not embeddably for some reason.)
Tim Russert was simply demonstrating the dangers of Early Assignment, followed by the final Margin Call. Let that be a lesson to all of us.
May his Trade be Routed with speed and Settled in the great Clearing House.
As soon as Tim died, the market ripped higher.
What was he some sort of egregious short seller?
God wanted to please him. he was 200% long.
Tim was a huge consumer of food and energy. The market expects his death to reduce inflation by 150 basis points.
I just heard on CNN that he had a “cherubic grin…”
What? Okay, I’m already past this Tim Russert thing. I hope the media moves on, and quickly. Let’s cover that Iraq war, shall we? Something about Americans being “misled.”
-DT
What war?
WTF are you talking about?
Last I checked, we won the war and now police a few ghettos in Bagdad.
Thanks for the squeeze in FTK, Fly. I saw that quick push right about the time your post was timestamped.
What’s your target on FTK?
My bad… you’re right. I hadn’t switched on Fox for awhile.
Glad to be back.
Let’s talk about Tim Russert and other celebrities who die or who may die all weekend.
-DT
I’ll be glued to the TV for a couple days. A photogenic, young white woman stubbed her toe in Omaha.
A tasteful 7-day tribute with commentary from anyone Tim ever spoke to ever would be appropriate to honor “one of our own”. And naturally we’ll have some interactive content, a little cross promo with our other properties, appropriate theme music, Russert DVDs, the works.
I don’t want to seem callous, but after we first saw how Tim put away those happy meals, we started preparing this tribute ASAP. It’s a winner. So kick back, relax, and enjoy the wall-to-wall coverage. It’s not like anyone else died today, right?
Of course, we will interrupt the coverage if something more ratings-friendly happens, like a school shooting. Optimal retention for our target demo.
All right people, quit your blubbering, let’s get that tribute teaser cued up!!
I followed Fly’s guidance and did the Godly thing this week – I held my small oils and blocked oil from crossing $140. I may go heavy and send crude plummeting – it is the Godly thing to do, no?
FTK ripped into the close. that was impressive rapid-fire covering.
I am pissed.
Market will have a very small up open on Monday and then turn and head south. Big plunge Monday and/or Tuesday and we are then destined to test the March lows. Bank on it!
Forget DevilDog, I’m gonna start calling you “early dog.”
1375 spx should cap the counter trend bounce. the investment banks report early next week and the REACTION to those reports is what I am waiting on.
IWM… if the large banks have to borrow at 10-12 % then I imagine the cost of capital for the small caps has to go up so I am fundamentally and technically oriented to the downside.
Jake, I’ll just call you “wrong dog”. Ater the plunge I indicated, we’ll get a reversal up on Wednesday into option expiration then down again to a lower low and go down until about the 25th and bounce up thru the 30th for quarterly window dressing. Then we head south in earnest for the March low test. When we get there the FED CUTS rates and back up we go to S&P 1380. Then we head south again and after the election we break thru the March lows to the next false bottom. The rest you can figure for yourself…maybe.
Russert had to feed his fire …. always on the move …. ran into him at the Nantucket Airport on one of my many biz trips out there … he had come to Boston to see his son at BC then out to ACK for some down time and was on his way back to DC to do his talk show … busy guy, shocked by the news but can’t say that I’m surprised ….
Fuck around faghots and your local post office will receive a change of address form for you. Off to piss in the river behind the Merc.
Hey, DevilD – how are you at forecasting the daily weather a few months out? I’m wondering if I should hold my son’s birthday party in the park or somewhere indoors.
Hey, ottnott I’ll give it a shot, however, it might help to know where you reside.
Mr. Devildog is wise in the ways of Option Expiration Magicks. An honorary “Scroll of Conversion Arbitrage” for you, sir. May it transmute your Losers into Winners.
Actually, DevilD, I was hoping you could tell me where I’ll be.
It it taking my full mental powers just to figure out where I am now.
DOW 14,000
http://youtube.com/watch?v=iVkmr8wk9N8
http://youtube.com/watch?v=xvLWwPjHi6I&feature=related
FITB cutting its dividend the week. Hope you bought some puts.
http://www.youtube.com/watch?v=I-VfjutIg8s
See my photo and article made the Seeking Alpha headline news. It’s now quoted in a lot of places. Enjoy the reading:
http://seekingalpha.com/
http://seekingalpha.com/article/81291-recent-world-events-are-bullish-for-metals?source=wildcard