Instead of rear view mirror blogging, I will offer you leeches a list of stocks to bet against now.
Currently, my theme is to bet against ‘global growth,’ especially China, while keeping a perpetual short bias on the banks.
Here are a few names for your consideration:
MI , China Life Insurance Company Ltd. (ADR) [[LFC]] , PetroChina Company Limited (ADR) [[PTR]] , Continental Airlines, Inc. [[CAL]] , Pzena Investment Management, Inc. [[PZN]] , [[FED]] , Cathay General Bancorp [[CATY]] , East West Bancorp, Inc. [[EWBC]] , Capital One Financial Corp. [[COF]] , Legg Mason, Inc. [[LM]] , Martin Marietta Materials, Inc. [[MLM]] , Vulcan Materials Company [[VMC]] , Texas Industries, Inc. [[TXI]] , Eagle Materials, Inc. [[EXP]] , Comerica Incorporated [[CMA]] and PacWest Bancorp [[PACW]] .
On the long side, I like BKS, Clean Energy Fuels Corp. [[CLNE]] , VeraSun Energy Corporation [[VSE]] , National-Oilwell Varco, Inc. [[NOV]] , Yamana Gold Inc. (USA) [[AUY]] and The St. Joe Company [[JOE]]
Balanced pair trades include:
long USO/long UYG
long ROM/long SKF
long CHL/long FXP
long XOM/long DUG
short FXY/long DGP
long CHK/short UNG
long FCX/short GLD
UPDATE: Cramer just blamed the sell off in the banks on the SEC, for lifting the ban on shorting them. How absurd is that?
So, in other words, Cramer thinks bank stocks should go up indefinitely, regardless of the condition of the business?
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Pardon me for asking, but aren’t pair trades for pussies? All this “tip toeing” and “fancy pantsing” – aren’t you trying to *make* money, not just move it around?
short COF / long AAPL
Nothing wrong with some solid rear view mirror blogging, btw.
I have this friend who does it all the time.
-DT
SMN will be ready pretty soon for a nice trade..MON and FCX are the largest weights in it.
Do you do those cute little pics yourself?
IPI outta control.
Earnings tonight.
pair trades make sense, if you are ball-less.
I have some other ‘pair trades’ that are far more aggressive.
But, they’re not for you.
Giving them to you would be like throwing them away.
They’re for closers.
I happen to need a set of steak knives.
So you keep your “aggressive” plays to yourself, and nobody ever knows what the heck kinda loss/gain you take.
Meanwhile, pair trades litter your blog and the stench of small percentages wafts wayward, filling the archives.
How about, Mr. Fly, when the time is right, you give us just a couple “closers”?
Think of it not as a throw away, but a toss of a bone, thus regaining your balls in the eyes of your public.
A guy on Bloomberg TV last night was talking about the implications of Russia egregiously invading Georgia. He thinks everybody, not just the U.S., will be increasing defense spending, so PMs will increase allocations to the defense sector. Makes sense.
Guess the trick is to figure out which defense companies win from Putin flexing his biceps. UTX helicopters? LMT fighters? RTN Patriot missiles? HON and BA aerospace systems? Someone else?
Any thoughts?
Satanpooch —
GD. Make a dah “big boats.” Sail em inna Black Sea, Straits of Hormuz, etc. etc.
________
The Fly keeps me from taking a nap. His reading rate must be off the wall. He is one of the few people that can trade this type of market. I keep asking myself why I keep posting on a blog. It is the entertainment that the FLY provides. It is like the Large Golden Balls soap opera. He always comes out on top in the end. Keeping a step ahead of him to me is imposible. Much Respect!!!
Shorting bank stocks would of been timely right at the moment when FLY starting buying them…………..squeeze paranoia!
Monster rally here.
What happened, they found a cure for stupid?
Maggot:
I lay my balls on the blade everyday. For Pete’s sake, who’s more aggressive than me?
My pair trades are there. They just aren’t highlighted.
It’s bad enough you people blow yourselves up on ionverse etf’s. Now, you want me to throw a little dynamite into the mix.
How ’bout some out of the money puts, eh?
you must really hate M&I
BPOE I must agree. However clever one seems to be, it appears, there’s no beating Him.
Hey, I got beaten with the Ag stick about 10 times this year.
FYI:
Cramer says GOOG going to $750.
Why not give this google guy a blow job on live tv?
Ridiculous
VMC leaves me puzzled. Nothing, absolutely nothing’s working against this sucker.
*POOF*! Your bullshit sell off is about to end!
Just trying to learn a few things here… I’m kinda new to this blog and this whole “trading thing”.
Pair trading to stay even sounds about 4% less attractive than a CD.
Perhaps a ‘pussy pair’ will break double in the right direction, meaning both go up…?
Meanwhile I’m trying to enter the swollen (if once filthy) cranium of the Fly.
Maggot:
Shut up.
p.s. Whatever happen to the special software that you guys are developing?
You said it mimics your brain, right. I remember you said you used it to pick AUXL, which has been going up nicely… any more automatic mimic picks?
Maggot:
Your “shut up” order has been lifted.
It is coming soon.
Keep an eye out for egregious ads on the top right corner of the site.
Re: IPI Out of Control – Earnings tonight
We had corn limit up on futures today. If IPI surprises to the upside in their first quarterly report as a public company and we get a gap up open in corn futures….watch out.
I bought IPI HI for Friday, the $45 Calls. Damn risky, but huge potential upside.
Jesus Christ. Fly can you ban Bull Maggot, it’s annoying as fuck.
Bull: Just because someone has algorithmic trading software doesn’t mean they’ll share it with a fucktard like yourself. If you don’t like what the Fly is sharing, go fuck off. Seriously. Some of us have actually played around with neural nets running on a massive Hadoop cluster with 100 CPU cores (Google scale bitches). No one needs to prove anything to you.
I’ll be buying LFC puts on a bounce. Its heading under 50, no doubt.
LFC has massive exposure to the Shanghai.
Expect large market losses.
haileris:
First of all you can you take a couple of deep breaths?
Now insert 100 CPU cores in your anus.
Seriously. Seriously?
It seems like you’re the only Cluster with something to prove.
Fly will sell me his software like a wise money, website, and blog manager ready to take it up a notch. And I happen to be in the market…
F*** (no swearing in deference to the Fly) all of the tax raisers. Let’s have a special pump (which has extra taxes)at every station for the assholes who want to pay more taxes.
F*** T. Boone Pickens for not disclosing his interest in an alternative energy company that wants more Government $$$ for wind energy. Give up those commercials until you disclose.
You said it mimics your brain, right. I remember you said you used it to pick AUXL, which has been going up nicely… any more automatic mimic picks?
That pick was Jake augmented and filtered.
_
Correct.
I will be happy to sell you my software.
Anyone think AAPL is a short 180ish? Didn’t think so.
Boca – just got back from a swim in a jellyfish infested, very warm Atlantic, out near Montauk. LI. Many ‘smart’ folk, think the precious metals bounce is one to sell … depends on your exposure, time frame, bla bla … prob they’re right … some retest after that will be key … but as they say, one step at a time & cross those other bridges when we get there
also – Rydex Precious Metals fund dropped below $150 million for the first time in three years. The fund now makes up only 11% of all Rydex sector assets, one of the lowest concentrations since 2003. and the latest Public Opinion reading on the PM’s finally poked into oversold territory with a reading of 58% bulls. one of the lower readings of the past few years, but still isn’t quite to a point where we could clearly say that investors have given up on the metal’s prospects.
I believe that I just saw Leonard the Monkey doing a CNBC ad for stockmarket videos. I wonder if he gets his royalties in bananas.
http://www.detnews.com/apps/pbcs.dll/article?AID=/20080813/METRO/808130360/1010/rss23
Get your cheap real estate here !
BPOE: Large Golden Balls is the most popular soap opera in Beijing. They’re pissed that it’s being preempted for the Olympics.
Fly puts hit balls on the blade so often, his sack is always freshly shorn.
fly.
everytime you start talking about shorting stocks the market rips 20 spx points..
keep it up
it’s amateur hour in the oil trade today. all the garbage names like FPP, ROYL, PDO, etc., are ripping. that’s never been a good sign for any sector.
ever.
http://boombustblog.com/
Reggie is hot on his GGP short.
“Blow job” is a clear violation of Fly’s self invoked “no cursing” rule.
I think the test should be: Would you say the word in front of your grandmother?
And because Fly is white glove fancy and proper, there’s no way he uses that word around grandma.
Juancho:
I heard you can actually sharpen a blade on Fly’s sack, as if one of those leathery strips they use?
My Grandmothers are long gone. Hence, your scurrilous claims are discarded to the trash heap.
Leech? Leech? Ooohhhh yeah- leech. Hmmmpphh.
I, from time to time ask Grandma for a BJ.
How much of oil’s fall can be attributed to the fact that us, in the U.S., are driving less and biking more?
Pair trade: Long GVA / Short VMC
this is all google is good for:
I lay my balls on the blade everyday. For Pete’s sake, who’s more aggressive than me?
“For Pete’s Sake” Fly– that could be the best line of 2008
For Pete’s Sake….I love it. 11,000 hurry up