Here we go again. I can’t find stock to borrow. Either every asshole with a series 7 is short banks, or my clearing agent is being an ass.
With such a tight environment for shares, the potential for a massive short squeeze still exists. If you have zero skin in the bank short game, maybe it’s best if you wait for things to settle down. This weekend, I’m sure all of the donkey punchers, with asshats, will try their best to strike deals, in order to support the house of cards— best known as the U.S. banking system.
At the present, I am short [[TCB]], [[MI]], [[LEH]], [[HRB]] and [[BBT]].
Aside from that, I am not buying the bounce in crude stocks, yet. For the moment, I will keep my cash position intact, while diligently trying to borrow shares for some of my favourite [sic] stocks.
NOTE: CNBC is a homo-network.
NOTE II: I told you from day 1, the rise in natural gas was unnatural. It is a scam. There is more than enough natty to supply our dumbass houses, without even drilling for more. Natty should trade under $7, in a normal world.
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During the latest CNBC WaMu pump, they ended with:
“We’ve contacted WaMu, but no one was available to come on air and defend the bank.”
Are there better things for them to be worrying about?
Its seems that Takeshi (USD/JPY) is rejecting the break of 108. Naniyatenda kosho, dollar.
It seems like the optimal entry point for umm how to say short financials legally.
I wonder if the short selling restrictions will be lifted on the 29th?
Mr. Fly:
“the rise in natural gas was unnatural. It is a scam.”
Didn’t you hear, 2008 is “The Year of Natural Gas”.
It has to be true, because Cramer said it.
The year of nat gas – right – last yr they were shutting in wells because gas went below 8, I would think even more will shut in if all this shale gas becomes available although I don’t know what price the various shale gas(es) are profitable – I took profits in my favorite pos nat gas GSX a while back – I’ll wait until it (GSX) goes well (no pun intended) below $2 and then buy back – I’ve been lucky enough to do this trip a couple of times
Over the weekend plays:
SKF
RIG
short wb if you havn’t since the downgrade.
This combination is a no brainer, more weight towards SKF. Can probably get into RIG Monday, as USO is bound to bounce soon.
Reasons why RIG had a pullback of 20pt:debt concerns, however, i believe its an excuse to bring it down for a better buy and after some decade sell when US dollar index goes from 70s to 120s(If its possible).
Here’s “Mr. Year of Natural Gas” to entertain you:
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Market Circus
Bob Steel spent $16 million to buy 1 million shares of Wachovia 3 days ago.
They’re now worth $14 million.
He’s probably had better short term trades.
Don’t worry, any loss is covered by tax payers. And the broker firms that bought out option calls (huge volumes two days before his investment) before his investment will probably give a stipend to him in the form of few cruise ships off the coast of ct.
I understand not being able to short a certain stock (especially a low-float one with no shares to borrow) but has anyone else had an issue with not being able to buy a stock online. I am looking at DAIO and Scottrade won’t let me do anything online – it says I have to call and talk to a broker. It seems ridiculous. Has anyone ever seen this?
OK Phuckers, listen up. You need to be buying MVO right here. It’s a dumb assed oil trust. Kansas oil. They have no employees, little to no expenses other than pumping oil, selling the shit and distributing proceeds to shareholders. They pump a puny 1 million barrels a year. And they’ve sold forward 70% of this production out the next couple years for a pitiful $56 – $66.
Here’s the issue though. The PHUCKERS sold June and 1/2 of July’s production to those big Oklahoma assholes who just declared bankruptcy. As a result, MVO won’t be collecting about $9 Million for oil they just pumped. There are 11.5 M shares outstanding. So … MVO shareholders just lost about .85 cents a share or some shit like that.
For the loss of .85 cents a share … this stupid assed oil trust is having its mustache punched off to the tune of $7 to $8 in the last 3 trading days.
Now how in the PHUCK does that make sense? You lose .85 in value and get punished by $7 to $8. This is a dumb assed oil trust. It’s value is determined entirely on the value of oil in the ground. It was worth $26 – $27 days ago, just announced that it won’t be paying .85 cents that it pumped and delivered … so the stock gets it’s assed kicked by $7 to $8 for this?
Some REALLY STUPID PHUCKERS are dumping this stock.
BUY MVO now. Thank me next week.
My patience is wearing thin with these CNBC assholes/cheerleaders. Their whole pump of the banking system just reeks of duplicity.
I’d like to haul up Cramer’s scrotum and staple it to his fucking forehead.
Groupie.. Onishi Takijiro is holding the line at 108. Instead of using his ass for bayonet practice with the Fannie bonds, lying Hank got on his knees and blew him a kiss. Fuck you my fellow Americans, you don’t pay my fucking salary.
Sniper.. you are a true humanitarian who obviously respects the dignity of each individual. Most people would like to turn that talking monkey’s asshole inside out and stuff his head in it.
My son is not gay…my son is not gay…my son is not gay!
I think I’ve gone soft. Completely off my game with my stupid HK long/VLY short play from a coupla days ago. Still holding both of those non-starters, but it’s tying me up and I have no momentum whatsoever. Ahhhh, shit.
Maybe a little range time will chase those blues away.
Fabulous idea. Thanks & good luck trading. To all, have a great weekend.
CME is basing here at 370 and is about to break the fuck out. Either EOD or Monday. NMX earnings are next week which will tie to CME. Look for great results.
It continues… I just realized that I’ve started talking like the Fly.
http://seekingalpha.com/article/86784-news-flash-major-market-turns-aren-t-announced-in-advance (12:25 PM comment)
Sell the ghastly MOS Eisley!
Sell it to perdition!
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