Some retarded fund, with large natural gas positions ,is getting blown out. Hence, natty [[UNG]] , is getting mud stomped.
Other rumors of Lehman Brothers Holdings Inc. [[LEH]] getting bought out has to be chicanery. My guess, they will unload their asset management division and raise new capital. This is all window dressing. However, in the event I am wrong, I am long until Monday—hook or crook.
Something is brewing with Fannie Mae [[FNM]] /Freddie Mac [[FRE]] .
Will the government step in at the equity, preferred or bond level? Or, will they do the right thing and make the bond holders take a haircut?
My guess, we will hear something definitive Monday morning.
On light volume, Mother Market has decided to stick it to the bears today. We are in a very tight, low volatility, trading range—as evidenced by a sub 20 vix reading. Should we leg lower again, the market will touchdown on 10,500, with a vix reading of 30-32.
This is all setting up very nicely for cash rich bears. Let this rally go. Come back to the table next week, to stick your claws in some doomed banks and asset managers.
Trying to get in early, I bought a small position in Equinix, Inc. [[EQIX]] . There are rampant rumors spreading over Akamai Technologies, Inc. [[AKAM]] —possible buyout. For my money, I’d rather be in EQIX—so I am doing just that.
NOTE: Pzena Investment Management, Inc. [[PZN]] can’t catch green, even if it were living in the open fields of Ireland.
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I got this from a market ticker board. Check out the selling into strength.
http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html?mod=mdc_leader
Every time UNG gets wasted by a liquidation, it finds it’s legs and mints money.
ducati, you have to have something better with your time on a friday afternoon than to go to a blog you disagree with. really. you spend more time with enemies than with friends? find more happiness in making people mad than making people happy? a few more hugs as a kid would have really gone a long way.
Here’s the problem Jason:
He lives in New Zealand, in an authentic tiki hut, thatch roof and everything. It’s 6:11 am on a Saturday. Wtf else would he be doing?
Hey Fuck Face … This is a venue for big boys, with maturaty issues. NOT little fuckers who conveniently challenge our blogger with racked up bullshit.
Give your fuckin’ opinion, and stop questioning the pros.
Fucking Koalas up the ass or something. But I guess he calls that “Monday”
I shorted LEH again a little bit ago. We’ll see how many more mortgage payments that gets me. It hit the trendline this morning making it an easy stop to manage. I suppose it could blow up on me this weekend, but I’ll take my chances.
CRUDE down a whopping $6.62! Oh My
At this point gentlemen, why place bullish bets on energy. It’s fucked … period.
Just don’t bet big. I don’t know if you know HPT, but that foo’ lost 35k by getting long millions in futures on friday before Jan 22th open. Also, if he waited til tuesday, he’d have lost a lot less. Not a knock on him, just, no need to bet big over the weekend.
ducati998,
Is this you? Looks like someone is ripping off Mr. Flys pair trade ideas.
http://leduc998.wordpress.com/
Anton, no problem as long as the beer is cold and the sun is warm. Save me a lot of walking too.
Scalper Party good luck!!!!
FLY-
What do you have going on this weekend? Are you thinking of replacing those counter tops in your kitchen and maybe buying a new radio?
You da man!!
Ducati – seriously, why do you give shit?
Call 1-800-GET-A-LIFE and seek help.
BREAKING:
Stock loan just gave me 138 shares of PZN.
Developing…
that is quite an odd and gay lot.
whats the commish for 1.5k of stock? I actually am curious as to what your prime broker gets out of that. 9¢?
You need the tell them calmly and through clenched teeth that it simply “is not enough” and suggest that they “locate.”
Is it true that Bilderberg is going to replace Jake as King of the Peanuts for the rest of the month. Jake is a Hall of Fame commenter but just a journeyman blogger.
UNG to $29-31 Buy Buy Buy! The Mafia Dines Tonight!!
Bank Some Coin On This…TC just 1 please.
http://www.walgreens.com/hotbuys/default.jsp?ec=hn579_getcoupon
Warren Buffet talking his book is getting old…I like the Zach dude on Fast Money–they should start giving him some time.
Have a great weekend. ***** For The Fly
Jake, I like you like an internet stranger I never want to meet, so take this in stride, but you are the laziest king ever. You’re making Louis V of France look accomplished.
Your comments here are occasionally hilarious, and always appreciated, but what happened? 50 comments per day until the day you become king? Are you resting on your laurels as head commentator of iBC or what?
Instead of making posts, you should have posted your comments as posts, thus giving you the record for MOST posts as king, not fewest.
You’re letting GW, the guy who posts chain mail, kick your ass all up and down the street.
I hope this motivated you to put in a strong August finish.
Awww, mrkcbill, don’t laugh but I already used one of those $5 Walgreens coupons today. I got chocolate, Debbie Meyer green bags, lavender soap and envelopes. Really important stuff, ya know? lmao. At least I can laugh at myself. 🙂
BTW SpockGint’s atoms were inadvertently misplaced earlier this week by the transporter beam, all that GLD and SLV in his pockets caused a transporter malfunction. It is illogical that he would be able to blog in this ethereal state, Captain.
Quite odd, Danny, no?
Boca very funny..because I was going to say Boca and TC..I have no idea how old you are but I figured you would be all over that offer.
Fuck off little man, I’m in a bad internet area ovah heah.
I did not ask to be made King during a vacation month, and I’m still not even close to your abject levels of paid laziness.
Fuck you too, Bill.
I was gonna give youse a good one tonight… now youse gotta wait.
Ahh… uneasy lies the head…
___
Jake, August is gay, that is fair.
But, thats the blues, ya know, because you won’t be king again next month. When I’m the king of something, I’m especially motivated to rape and pillage any and all available countrysides.
And then lashing out at Bill like that…on his birthday no less…quite the smudge on your white satin neckerchief.
I have to admit, I like Danny’s idea of commenting with posts.
But, then again that takes to much work.
I’m all about being lazy, most of my posts consist of 3 words, ha.
Have a good weekend guys, mine will be filled with White Rhino shots.
ah, the benevolent White Rhino. god blessit.
Yeah, I need to start doing those 3 worders.
Jake you know I’m just joshing …..ovah heah
Thought you might like this one from your boy TB
http://takeareport.com/2008/08/22/total-medal-what-did-you-say/
I wonder if its a fake?
Anyway I think you should be the weekend janitor even if you are on a vacation. Man you travel more than Howard.
KC —
I have no control over my schedule. I am blessed with a big family on both sides of my house. Sometimes that is as much a curse as a blessing.
I knew you were only joking, ovah heah.
Oh, and everyone knows Tiki is about Tiki… that’s part of his charm!
_