Some of you go on short term streaks of gaudy, yet ridiculous, coin banking endeavors. Some so called “legendary” money managers blog on the interwebs claiming to know all, yet offer nothing but capital losses when shit hits the meat grinder. Other talking faces go on the gogglebox and yap up a good spiel, but come up snake eyes when managing their assets in real life.
On the other hand, “The Fly” is in a constant state of victory. It humors him when some of you pigeon feeders say “oh shit, Fly is a dick. That’s a contrary indicator, bitch.”
It does not anger me to read such tomfoolery, since had you traded against me for the two plus years I’ve been schooling you fuckers, you’d be down like 100% on your money.
Hence the term: “it’s not who laughs first, but who gets to bankrupt the other,” applies so candidly.
By the way, commercial RE is in full fledged disaster mode here, enabling “Plutonium Petey” to bank even more coin in his greatly reduced [[SRS]] position. A special shout out to “Reggie” for nailing that General Growth Properties, Inc [[GGP]] short sale call.
In closing, I am in celebration mode here. I have frozen my activities to short covering and inverse etf sales only. Unlike previous cataclysmic drops, “The Fly” intend to nail this one, then go to cash, while the world burns around him.
NOTE: Doug Kass is just an idiot.
UPDATE: I bought 3,000 [[FXP]] @ $121.
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Do you have a yen for Japanese?
Every time DevilDog calls a bottom the market proceeds to make a new low. How convenient.
Mid day mind-ease:
http://www.surfline.com/video/video_player/video_player.cfm?id=18381
You really have been the shit, Fly. True space alien magician with a diamond encrusted chalice shit. Brilliant. Congrats.
Great, so where are you gonna put your cash?
-DT
I will buy out all third tier blog and park my cyber trash there.
the toaster
I would suggest cash go to the Nigerian Lottery Sweepstakes.
Nice picture of Ali. One has to float like a butterfly and sting like a bee to survive as a daytrader these days.
MS down 30%
Morgan Stanley-MS Put volume & volatility Spike on MTU funding concern
MS is recently down $5.22 to $18.39 on the unconfirmed chatter Mitsubishi UFJ Financial (MTU) is considering not taking a 20% position in MS. MS call option volume of 19,832 contracts compares to put volume of 73,173 contracts. MS October 17.5 straddle is priced at 6.80, November 17.5 straddle is priced at 9.80. MS November option implied volatility of 200 is above its 26-week average of 61 according to Track Data, suggesting large price movement. :
http://www.youtube.com/watch?v=RAuOEdttjZQ
This might be old, but has anybody watched this video on Barney Frank? “You COWARD!!!” Fuckin…Classic
Whats going on with MS? JPMorgan pulling their credit again?
Fly- what sectors should we be overweight going into the last weeks of ’08. And which sectors do you see opportunity in 2009? Finally, you still holding MVIS into ’09?
So Mr. Fly is going to fight The Fed. This will be good.
I touted the GGP short in april, siting their inability to refinance their upcoming maturing debt… http://www.ibankcoin.com/gunnersblog/index.php/2008/04/07/srs-is-a-buy/
http://consumerist.com/5060063/lehman-brothers-ceo-got-punched-in-the-face
This is what I want to see. Selling into the afternoon and hopefully closing on the low.
Fuck the Fed. The Fed is trying to fight the market. The market has shrugged off everything the Fed has done, and the smart play has been to fade the immediate response.
Gunners:
Yeah but you quit, took your ball and went home crying.
Buying FXP here. LFC is due to drop hard.
haha, true
like cash will help you. it just is kindling in the hell we are all going to…. 🙂
“The midget Bush and that Rumsfield deserve only to be beaten with shoes by freedom loving people everywhere.”
Howard’s right – better just spend and enjoy all the money you have now – in case there is no later.
The FED is trying to grab the rope attached to a car going off a bridge. (The car is also on fire)
Turn it all into fresh, minty gold squares.
Of gold.
______
And here comes the turn.
Shoulda listened to Neil Sedaka…
Do you know the way to Bank Some Coin?
I’m going back ovah theah– some day — for — some Loin,
Of beef or lamb, maybe a shank…
We have a turn, I’m counting bank…
Dum Dum dum dum dum dum (cue muted trumpets)
___
____
Alas, Earth human, no resonance at all of reverence and gratitude can be found in your all too great mass of the current time, because the malignantly selfish Earth humanity still only finds value in material matters, while spiritual values are condemned as unworthy.
With the religious believers, humility has taken the place of reverence, and pride and haughtiness are deemed wisdom.
So the Earth human leads himself into error, believes in all sorts of evil things and empowers himself in self-exaltation.
The only short I held is SRS. All of my long positions from yesterday are still green.
I’m adding here.
Odd, no?
__________
Get long fuckers, the world does not end with Iceland.
_______
A 2: 00 low?
Odd no?
No!
__________
Howard will be spending his cash buying drinks for everyone. Thanks for the party last week! Where was the fly?
I like this Prophet guy.
OK Fly. You win. I am standing at the chalk board writing …
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God
Fly is God ….
Phuck you Fly. You win.
Did Erin drink too much Monster at lunch? I can’t even understand her. She is talking faster than a New Yorker.
Carl Icahn has misappropriated The Fly’s copyrighted investing term:
One of the biggest problems we face today is the egregious mismanagement and reckless incompetence of many American corporate boards . . . .
http://www.icahnreport.com/report/2008/10/join-the-united.html
There is still time for us to revisit the lows, no?
I know you don’t like cramer Fly but this is pretty funny…
By Jim Cramer
RealMoney.com Columnist
10/7/2008 2:20 PM EDT
If the SEC had a trick up its sleeve, it should extend the bank short-selling ban tomorrow and say, “Guys, we are going back to the uptick rule and until you have the software to set it up, you can’t short these.”
Now, I am not a fan of the short ban at all. I think it is ludicrous. But this SEC has been so foolish as to be so excited about not having an uptick rule — they were positively joyous about it when they removed it — that I don’t think they are even ready for such a proposition.
I do think, though, that the miserable action in the financials is only partly because of Bank of America (BAC – commentary – Cramer’s Take). When you consider what Tony Crescenzi says about the TAF and the importance of the CP facility, BAC should be balanced out.
But I think people are just getting in shape for the return of the bank stock runs.
I expect them to be hot and heavy even though we are ridiculously oversold.
It will be a thing to behold.The bear unleashed: Jellystone National Bank Run!
Be ready.
Be very ready
Peez,
Yes, there is, and it would not be outrageous if we saw them one more time, ovah heah.
_____
The Fly and Cramer!
Great minds think alike!
_______
Well, let’s see if the 3pm bottom holds…
There’s always time. If you wish to undo something, you just need to get everyhing to catch up to all the light waves that passed you by. Or create a vaccum to suck up the space time continum, and bend it around you.