This is your stop, if you are a woman or small boy, playing this market.
“Geez Fly, what’s with the chauvinistic jargon? It’s not befitting of a 21st century gentleman,” you query.
Well, Sir, “The Fly” is old school and still believes women and children should be protected from the vicious and cruel world of money management. Although, in my experience, I have found women to be far brighter and more in tune with reality than men; I still like to protect them.
Call me heterosexual.
We’ve had a fantastic run on the short side, over the past few days. [[FXP]] is at $100 and [[SKF]] is through the roof. Granted, SKF is still well off its highs. You had ample opportunity to shadow “The Fly” with buys, down to the $108 level.
In addition, most of my banks shorts are up anywhere between 15-20%, in recent days.
Bottom line: Pressing bets, after such big moves, is a mans job. You know, act all ignorant, think with your balls, not your head, type of task. It’s like fixing your car, even though you have no idea what you’re doing. You’re just taking off bolts, wiping the grease off your face and wallah: fixed.
If you are not able to take on big risk, cover your shorts here; take a seat and watch real men play tackle football, with no equipment, inside a concrete parking lot.
Top pick: short Pzena Investment Management, Inc. [[PZN]] , if possible.
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Overcompensation – Men who are insecure about their masculinity display more homophobic &/or sexist attitudes.
That’s not true.
That was written by a homo. Sorry for the let down.
Not possible
Two shorts I don’t highlight enough:
LVS and CAL.
I am just breaking even on LVS now.
CAL is doomed. Kill it.
GS will rally back, watch and learn.
Fundamental analysts are homos.
Bull:
Who cares?
Go play with dynamite somewhere else, before I have your mustache punched off for you.
BTW:
With oil rallying, VMC, TXI, MLM and EXP should come under considerable pressure.
I believe you will Senor, in due time, in due time…
Bennet Sedacca
12:22:45 PM
Position in ZION options, ZION preferred B & C.
Offered Without a Bid
There was a list of small regional bank bonds out for the bid earlier. Here are the results:
* Comerica Inc. (CMA) 4.80% 2015. Did not trade.
* First Horizon National (FHN) 5 4/5% 2013. Did not trade.
* Keycorp (KEY) 5.45% 2016. Did not trade.
* National City (NCC) 4 5/8 % 2013. Traded $65.
* Regions Financial (RF) 6 3/8% 2012. Did not trade.
* SunTrust Banks (STI) 6% 2026. Did not trade.
* Zions Bancorp (ZION) 5 1/2% 2015. Did not trade.
The window is now closed on these guys. The preferreds as well. Next stop? Much much lower.
A compassionate and timely post, Sir, written to your own egregiously high and hilarious standards.
Huzzah!
It’s Fight Club time in this churning whirlpool we call a market. I don’t mind at all that Fly said it’s time to step aside unless you’re willing to take large amounts of risk.
I’ve been slowly moving to the side for the last week, and personally as a non-professional one of the reasons I come here is for Fly to remind me when too much risk is stupid.
lvs at 45 is a very good basis. I would not exclude wynn, since stevie ran the piggie to do his secondary in Hong kong. either the secondary is coming, or warrants, or construction stops in macau.
boca.. trade small and stay in.
Boca,
I hope you and your fellow Floridians are safe.
How about the BSC of the industry: BYD?
They stopped building that dumb casino, but so what?
It will now rot and become victim to homeless squatters.
BYD is in a world of hurt.
Greetings Anton, there is a small lake in our front yard but otherwise all is fine, that is really not too bad.
We only lost power a few hours and I slept through that, my kind of storm. Hope you’ve been well and getting lots of people to call that coin toss for you.
Quality post, Señor Tropicana.
All airlines are shorts. I just put on some CPA.
LVS is fucked they are riddled with tons of debt.
Fly aka “Mr. Make It Rain” what do you think about the tremendous value in JCG here? This is getting rediculous now.
By the way 27% short? Are they serious?
I recently bought a little JCG. However, I have little confidence in retailers.
Looking back into possible shorts of construction companies like JEC, FLR, and PCR?
Poof
your market apocalypse is over
Mr. Fly,
I feel after that latest uptrend, we’re only two days in to a new downtrend. Im short LEH, MER and MS since yesterday morning. You think those are in for many more days of ass pounding at this point? I cant tell if the brokers or the banks are setting up better for a huge drop in the next few weeks. Whatcha think.
HAHAHA!
right on! the old fly back.
If anyone went short NUVA with me, the gap down has been filled and I’ve covered ….
Looking to short CALM here …. shorts have been squeezed, Barrons did a positive story and the stock has popped but insiders are selling …
Fly, what’s your machine saying about CALM … anyone else see a good short here?
ZZZZZZZZZZZZZZZZZZZZ
Jason:
I think we go substantially lower. However, nothing is a given.
The PPT is down for maintenance.
We are adding oil, natty, treasuries, coal and dollar versus yen to the formula.
Ok, thanks for the response …
Fly:
I am still in that WB trade, time to get out or average down?
out of all my picks, you take my ‘what if i’m wrong trade’?
Don’t touch WB.
hlf= not my cup of whiskey
I am sorry to inform you that JJ has blown up his accounts.
His leveraged plays on PAL and SWC have backfired.
They carried him out feet first.
Thanks Fly,
I suck at this, not going to quit my day job just yet.. But it sure is fun learning the hard way.