Thank you Bob Steele from Wachovia Corporation [[WB]] . Great fucking job running that flotilla into the ground.
UPDATE: I should have known better. This one will go down as my worst trade ever. I just sold every stinking share of my Citigroup Inc. [[C]] and [[UYG]] . I have a very bad taste in my mouth. Fuck the banks and the assholes that work inside of them.
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Lib fucks!
http://www.youtube.com/watch?v=cMnSp4qEXNM&NR=1
Here is good ol’ Merideth Whitney.
Here is good ol’ Merideth Whitney.
She looks like she got gang banged at the Station Casino last night.
ewwwww
She was the headliner act on The Strip last night.
Condolences.
Wasn’t he on Cramer last week? Hey, I trusted him. He had the fancy suit, the slick hair and talked real fast (no offense New Yorkers).
Poleaxed.
Almost got filled on a WB straddle on Fri’s close.
chin up fly.
Whats C got to do with wachovia, Flymeister. I think you’re too bitter and twisted today. Ease up tiger.
WB shareholders are screwed.
At least it’s another symbol I can take off my watch list. Been doing that quite a bit lately.
I guess i should have taken the $4. Fuck fuckity fuck cock fucker motherfucker balls. There goes the new kitchen. jesus.
Anyone hear from Anton Cigur?
Who said the nice people at Goldman don’t care about us. Imagine, they are offering to buy $50 Billion in troubled assets from the banks just before the bail out program becomes law. What nice people.
http://tinyurl.com/4vvbyr
I will stay short for the next year. I will not worry about a squeeze, and oversold spike, a buyout, or any other bullshit thing to make me cover.
Fuck it.
Its all down hill from here. No ralley will be sustained.
I’m starting to get numb to big bank failures.
just lost a ppt sub, sorry too expensive to hang around here bro
Larest missive from Credit suisse:
The deal is too small. The 1990 RTC program was 700 billion in todays dollars at 2% of GDP. the current problem is estimated at 7% of GDP.
US banks need two million in capital. the 700 billion represents only about 6% of the needs.
Say watch the ted spread carefully. They think the range in the SP is 1150 to 1350 for the rest of the year mainly because Ted will come in.
Fly don’t worry I got fucked by MU with 16000 shares I brought WB late on Friday but bailed out after gain on 20 cents. Well at least you made truckload on C
sorry
US banks need 2 billion in cap
Boca: Amen. The news telecasts can run the same file footage.
I can’t get used to the page banner of the new “optimistic” Fly.
Fly,
Are you included in “the club” ?
J citi is taking over banking operations.
God I hope this bailout fails, I am sick of people having jobs.
FUCK
200 billion in capital
AAPL just caught two downgrades, MS cut price targe to $115.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aASKO0Y2vzAs&refer=home
Interesting, the Blue birds and hummers are hitting the feeders hard this morning.
Fuck it. I’m staying long. Maybe I’ll buy more in the next day or two.
J you Dumfuk!
If you don’t know decimal points, DON’T FUCKIN POST! Why should ANYTHING you write have credence?
You might get lucky with a fade the gap trade, but this market really never got oversold, so wait for that to happen before going lizong.
AAPL just keeps getting crushed….
Btw, FUCK the banks and the fucking bankers.
Don’t forget:
The Fly wins, especially when he appears to be losing, badly.
Opps..you still got a piece of me on your chin.
Tough luck there, Fly…
At least it wasn’t a substantial position.
Fuck bailouts:
I fucked up you drop kick…. not that you would have noticed, you dumbshit. And there were no decimals you friggen moron.
Bennet Sedacca
09:02:36 AM
No positions in stocks mentioned.
The devil made me do it?
Wachovia (WB) trades down from $10 to $0.85.
It must be those nasty short sellers.
NOT. It is Mr. Market at work.
More in an article later.
Fly – What about the “HIGHER STOCK PRICES IN 2008” tag?
Fly, were you still holding onto 10k shares of WB? Man that sucks.
All basic materials will soon be free.
A brave daytrader could buy this dip ahead of the congressional vote at 1pm and hope for a end of day rally.
I’m perfectly content to watch this unfold from the sidelines.
I have a feeling we finish in the green today
“Brave Daytrader” I would say everyone should buy this dip. Seems like the typical washout before we head higher.
I actually just vomited. Fuck this.
FLY,
HANG tough, today you became a smarter trader. Lesson learned will bring years of profits. you got reckless,it happens to the best.
J said:
“I fucked up you drop kick…. not that you would have noticed, you dumbshit. And there were no decimals you friggen moron. ”
J you DoubleDumfuck:
When you post “$2 million” then “$2 billion”
then “$200 billion” all referring to the SAME
NUMBER there are decimal points implied.
Like THIS: >>>>> . <<<<<
The size of your less-than-pea-sized brain.
There is something more going on than meets the eye. The SEC may have prohibited naked, short sales for awhile but have done nothing about the unregulated Credit Default Swap (CDS) market which makes many major corporations worth more dead than alive. It is difficult to verify, but it appears that many hedge funds are in the process of picking the low hanging fruit, like WB.
‘Member that night back in 1847?
I slipped dirty coal and filthy panic into your flux capacitator. Also, turbo lax into your chalice.
The time is now, Fly:
“Bearshitters of the world unite, for you have nothing to lose but your chains.”
OH MY FUCKING GOD. FED DOING A $625 BILLION SWAP.
I can always tell myself I really didn’t want to retire anyway.
DEATH HAS COME!!! What are you doing with FCX?
JB – can you explain what you mean?
It appears the system is getting “unclogged” — equity and bond holders getting slammed or wiped out, but the system remains intact. I think that was the point of the “bailout”.
Stating the obvious de-leveraging sucks and is very painful.
Somebody bought 1,000 C Nov 20 calls. Interesting.
Lower before higher. Sorry.
Long gold/short emerging markets = proletarian musket fire.
I want to see a Fly Buy GOOG on the front page.
Let’s Do This!
Fly, look at it this way, you got caught on a risky trade, but you’ve gained some fresh morons:
“j” says:
US banks need two million (sic) in capital. the 700 billion represents only about 6% of the needs.
Then douchebag says:
sorry
US banks need 2 billion (sic!) in capital.
Lol, then he goes for the trifecta!
FUCK
200 billion (sic!!) in capital.
ROFL!
Three strikes and you’re out Crocodile Dumb-Dee.
_
Need to turn off the sound on CNBC as VIX gets to 40, otherwise, one would never scalp on the long side.
FED banking me egregious coin.
Oddly, Citi, not moving much… only down 18 cent, Fly.
You sold it all?
__________
For temporary solace, click on my appellation for a soothing glimpse of Brooklyn native and St. Anne’s School standout, JC.
I will be switching back to my regularly scheduled Weimar Republic standard soon.
__
Clown raped? It’s GOOFY TIME!
http://www.nuclearphynance.com/User%20Files/2/It's%20Goofy%20Time.jpg
Let the market fuckn close weak…
Haven’t had your ass ripped opened enough already?
Sell the news was never more true.
As soon as Erin B. started chanting Argintina I started buying KRE and XLF.
LOLOLOL…MR.MORTAGE ON CNBC!!!
Yogi & Boo Boo;
No doubt, the markets are deleveraging. As to whether or not the system remains in tact, I tend to agree with The Fly on that issue. The derivatives market makes even well capitalized companies worth more dead than alive (at least in the short term.) The big trading dollars are being made by hedge funds shorting the debt of the already weakened finanacials. The process is now feeding upon itself. This is the only explaination I can think of when a name like WB goes from $14 to < $1 in two trading days. Was WB mispriced? What was the catalyst for it’s fall?
I am not arguing that WB, BSC, LEH did not deserve to fail. What I am questioning is a process that so quickly turns on any given name in a matter of hours.