My “secret win” in Lehman Brothers Holdings Inc. [[LEH]] has suddenly morphed into a not-so-secret loss. I deserve it and more. After all, what was I thinking?
The Government cheese makers are busy. The smoke stacks are active and newly minted cheese is ready to be delivered. I can almost smell it.
With that in mind, I have opted to hold onto my hedges, until Wednesday. Don’t ask why.
Essentially, I am flat again, with losses in [[RKH]] , [[UYG]] and gains in [[SKF]] , [[SRS]] .
On the plus side, my bet against Bill Miller and his small brain is going swell, with Legg Mason, Inc. [[LM]] feeling the hot blade this morning. And, Vulcan Materials Company [[VMC]] is down a buck. I’m short that too.
Aside from my LEH loss, I am just giving money away in my oil plays, especially [[DIG]] .
All in all, I am just hanging around, waiting for a nuke to detonate or something. Sometime today, I might try to short more Pzena Investment Management, Inc. [[PZN]] or not.
I may just hang around, throwing water at CNBC, every time they piss me off.
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I’d look for some govy cheese before the holiday weekend. After all, they like us to ‘feel rich’ before holidays.
Maybe you could get a sec with the Arbonne girl while you’re waiting for things to settle out?
__
I hate to say it, but: http://www.ibankcoin.com/flyblog/index.php/2008/08/22/the-fly-has-a-secret-win/#comment-38109
how do you feel today?
Yeah, how’s the burn?
How I feel is none of your concern.
Just know, I have become a Vampire.
UFO spotted.
It takes a special talent to accomplish a sunburn in late August in the Northeast.
In a very strange kind of way, that’s another Fly win.
sorry i asked, and vampires are not whimps.
Your apology is most definitely not accepted.
I see where all of you are going with this. I will make all of you my enemies, soon enough, and have all of your mustaches punched off by tan men with yankee caps on, while you’re drinking your favorite Chardonnay—at your favorite eatery.
Fly, next will come the itching and the peeling… Get some chopsticks Chachi.
Earlier this morning when Becky Quick asked Rep. Loretta Sanchez ‘what would make her happy’ I was surprised when Sanchez didn’t say it was the anticipation of her up coming surgery to have an addadicktome.
Robert Marcin is reading IBC.
Robert Marcin
Something Fishy
8/25/2008 11:44 AM EDT
I don’t get these crazy volatile markets. It seems as if investing has evolved into day trading spikes responding to the CNBC overhyped data point of the morning. And, there is no way to game each day, ie the Kass no memory market thing.
It makes me very uneasy when “securities analysis” becomes so irrelevant. This is usually not a good sign. I am staying cautious until things start to make sense again.
Position: none
This is starting to get totally “unfunny,” as I am not participating in this market disaster.
Juice:
Everyone reads iBC.
They just never admit it.
Marcin is one of the few good ones at TSCM .. either he’s stealing your titles or its that thing about great minds thinking alike.
Granpa that was classic
Barney Frank should stick to his area of expertise – young boys. OK, that wasn’t nice … but he doesn’t know wtf he’s talking about .. hence, he should take the high road, and STFU!
Might I suggest a little bit of Ativan washed down with your Monster Soda, seriously, will help you deal with the ‘burn that sandpapered your nerves along with your skin.
No trading for me this week, I trust no one in the government, any type of strange government intervention is possible leading up to the election.
Mr Fly,
There is an international insurance company AXA which (per Yahoo) owns 12.47% of the FNM outstanding along with 6.35% of FRE and 2.1% of C. Seems like they could be looking at some real trouble this quarter.
Nike’s “The Fly” Model…new Robster Water Shoes
http://www.myairshoes.com/nike/nike-sb-%E2%80%9Clobster%E2%80%9D-dunk.html