This will be an unprecedented Fly Buy post, in order to give you fuckers a sneak peak inside of my oversized brain.
With The Mosaic Company [[MOS]] down $4+, I am buying 250 share lots, up to 2,000 shares, in an effort to bring my cost basis down.
With National-Oilwell Varco, Inc. [[NOV]] sub $25, I am buying 250 share lots, up to 3,000 shares, in an effort to profit from the pending bounce in crude names.
With Arch Coal, Inc. [[ACI]] around $19 , I am buying 250 share lots, up to 2,000 shares (of which I sold yesterday), in order to get more exposure to an oversold sector.
I am not buying [[SKF]] , over $160. However, as mentioned earlier, it is my biggest position. What’s important to note is my unwillingness to sell it, due to my desire to remain hedged. It can go down $20 tomorrow and it will not phase me, providing my commodity plays go up.
NOTE: Should the market continue to crater, the losses in my commodity names are now acceptable, considering my overweight position in SKF. Also, I blew out of some of my [[TBT]] for a loss, in order to raise my cash position, above 10%.
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Oh my, isn’t he always farting sunshine and rainbows:
Nouriel Roubini, the New York University Professor who spoke at the same conference, said hundreds of hedge funds will fail as the crisis forces investors to dump assets. “We’ve reached a situation of sheer panic,” said Roubini, who predicted the financial crisis in 2006. “Don’t be surprised if policy makers need to close down markets for a week or two in coming days.”
Bloomberg
Bennet Sedacca
02:36:27 PM
No positions in stocks mentioned.
A change in heart about stocks…
I have been, to say the least, vocally bearish about stocks for the past 700 handles in the SPX.
But I must say that I have always lived by the notion that I must have risk/reward 3:1 in my favor to have a trade on.
Having said that, while not bullish, I would NOT be short the SPX here.
775-800, my initial support spot, is close by and resistance is much further away.
So with that no more short SPX here.
For now.
Roubini is an arrogant prick. But he understands this market better than most unfortunately.
Roubini makes good meatballs.
Here comes the Rally dumb asses!!
Just launched my SKF SRS SDS QID
maybe premature evacuation
buying, much to my chagrin
Thats Rally with a capital ‘R’
A last hour melt up.
Watch and learn!
I will let you in on a little trick. Other than holding puts and DOUBLE INVERSE ETFs which are mainly to hedge my longs, I have also placed sell orders on out of the money calls on SKF SRS SMN QID SDS FXP at outrageous numbers. eg $60 for SKF Nov $200. Shit which I hope gets hit so I can bank coin when we rally strong which I expect once Obama wins the election. Also have sell orders on some puts on QLD SSO at $20-$25. Right now option premiums are thru the roof and it makes sense to sell them.
Juice:
Not a terrible idea, if you are up big. I’d rather be hedged, going into the close.
Am sick of hearing from that piece of shit Bartiromo.
Hasn’t all this wealth destruction taught you anything.
Greed kills and your all being greedy with the shorting!
It’s over! Right here right now.
Where is this rally people keep talking about ? If we close green today I will suck my own dick.
Grammar isn’t my strong point. Banking coin is.
Aint life ironic I cant spell but I can make lots of money!
I’m the most undervalued stock in the world.
Right here….right NOW…
The market has factored in a doomsday scenario and that means it has more than compensated for weak earnings news and deteriorating economic conditions. Consequently, a rally could materialize as earnings are released. We are currently entering the two most bullish weeks of the year and the rallies have been of a much greater magnitude when they follow big declines. Sentiment indicators are at extreme levels and from a contrarian standpoint, we are due for a rally. For instance, the VIX is at a historical high. It has tested this level three times and it is poised to roll over.
Me thinks Pete is right……
Not everyone CAP just me.
I was anonymous.
and you may suck your own dick in 50 minutes.
Get ready to suck your own dick.
haha hes gonna be eating his words all right
Fuck you DEVILDOG…your profits are gone.
No worries. We still have 45 mins to go.
NOV is retard cheap.
We still have margin clerks tomorrow…buy into it….
We are definitely getting there (to being sold out) … definitely !
I completed my buys.
Great prints.
Damn it.
I’d be willing to lose another 10 in SKF, in order to ask “Hey CAP, did you suck your own dick yet”?
The clerks clean up at 3:30.
its a question that demands answers.
FLY – we have to close green on the Dow- Naz and S&P. 2 outta 3 is not good enough. And no way will the Naz close green.
CAP:
You gonna wash that thing first or do you prefer it all sweaty?
How do you like my new nyse casino, fuckers?
Keep trading, I need to make my $1.6 Billion back I lost the last few months.
Any idea’s?
Hey CAP, where is Barney Frank when you need him?
Your all faggots, yes you too. You fuckers just stroll around from desk to desk not saying shit just giving people the look letting them know to pull positions. Well fuck you, the next time you walk by I plan on going Office Space on your ass. Now get the fuck away from my turret, jackoff.
I dunno CAP its getting close…
If we turn green would it be a prudent gamble to buy EWJ (Japan etf) for overnight?
Anybody?
cocksucker.
TC
No
Rather, short EEV or long EEM.
Roubini knows nothing. He’s a fucking broken clock. After playing chicken little for 3 fucking years, he’s finally right. He’ll stick to his sky’s falling position as we enter recovery in early ’09. Within 6 to 9 months he’ll look like a washed up POS chicken little. You won’t know his name a year from now.
Roubini makes a mean lasagna.
Margin calls on over zealous Ultra short ETF’s smugglers.
I just bought 2000 MCD @ 54
CAP,
Looks like this thing could go either way.
After the bell, you can say you do, too.
I can’t get a borrow on EEV 🙁
Holding 14K (shrs) @ 8.81 of GCI. One day these fucking shorts are going to realize they have 500m in cash and $3B of the 4B in debt isn’t due until 2014. Moreoever, 1.2B if free cash flow and can give the fucking USA Today away for 5 more years. Moreover-over, the FED will buy the paper as necessary. Looks like they are realizing it now…
Naz is still down 3%.
Long EEM then.
If you hurry, you might be able to buy yourself dinner and a movie first.
I mean, have some self respect.
Damn….EEM yields 14% ?
From Tim Knights bullshit blog –
=================================
Clarus
There’s been so much going on, and so much chaos, let me at least be clear of my disposition toward the market:
* Energy: bullish
* Agricultural: cautiously bullish
* US Dollar: bearish
* US Equities: cautiously bullish (perhaps for a number of months, even)
Posted: 12:29 PM | 1 insightful comment | Permalink
October 23, 2008 – 12:13 PM
No Crash Here…….
I’m starting to think this triangle might not mean squat. The $NDX hit its Fib line perfectly and bounced higher. I am going long, particularly in the energy/ag area.
With all due respect, I think you guys are fucking nuts for going long without a hedge.
It appears CAP will escape the horror of having to suck his own dick, at least for now.
Developing….
This market is thin, like a banana republic.
He will probably suck it regardless……..
FLY:
I’m pulling for you as I worship at the FLY alter.
But SKF is a poor hedge for your commodity exposure – you should be using the SRS.
If the market crashes hard paulson will step up with more give aways for your SKF financial companies.
On the other hand nobody is going to bail out these REITS… nobody cares about them.
Basically you’re hedging a crash with an armagedon trade instead of hedging with a crash trade.
commodities and REITs don’t get bailout help but financials well… your risk profiles don’t match.
Swap to SRS!!!
Hedge: RYTMX
It looks to me like over leveraged bulls are drying up!
Start stretching CAP DOW and SP close green!!!!!
Uh, we seem to be rallying.
CAP’s fate remains in the balance.
Scully:
Never rec a mutual fund again.
Dex:
I did the numbers. SKF is acceptable. Being that I am up $20+, the hedge seems to be working.
If anything, I should be long SMN or BOM for a pure comm hedge. That is not my intention.
we go from rally to crash in 3 minutes, and then back again.
fuck this fucking market.
Here come the clerks.
This is it.
tra earnings very nice buy seeds
A day without losing a few grand is like a day without sunshine anyway. Fuck it, says I.
Silly Hedge Funds….
Doing animated monkeys isn’t so shocking compared to CAP.
you’re assuming his slong is actually long enough – highly doubtful…………..
Today’s market action bodes well for tomorrow…next week….
We’re green.
In retrospect, making that ‘suck my own dick’ comment was foolish. I tried to ‘unsubmit’ it but, it was too late. It was posted in anger after that Henry Fool started his postings about ‘melt ups’ “Here comes the Rally dumb asses!!””Greed kills and your all being greedy with the shorting!” and other deranged comments.
someone please give this market some drugs for its schizophrenia!
CAP,
Be proud. How many people can say they’ve been “me-bagged?”
You see once we failed to get really ugly (like CAP’s dick) when the ball was clearly in the bears court. You have to be long.
Sorry CAP but you must take you medicine
Balls and all!!!
What the Fuck?
it’s all good CAP, I wish you’d make that promise more often, given the results so far!
Who’s shaking in their SHORTS now…..
Someone needs to make CAP an avatar.
Not a rec. A 9/18 hedge with huge profits. Been using RYDEX direct since 2001. No middle man. No dirty money market exposure.
Meanwhile, GCI shorts are covering into earnings
Fly,
Would you add to your SKF at $155?
Hey CAP you gonna swallow or spit?
Anton:
No.
Instead, I’d buy ROM or DIG.
Well the indexes basically retested their lows and now fund managers feel all warm inside…buy…buy..buy
thx
Cap – be sure to use a condom
Got in a small swing trade EEM @ 21.48. Thanks for the info Fly.
It was a tribute to GANNETT the greatest stock in the world
Look into my eyes and it’s easy to see
One and one make two, two and one make three,
It was destiny.
Once every hundred-thousand years or so,
When the sun doth shine and the moon doth glow
And the grass doth grow…GANNETT the greatest stock in the world
Yeah Cap…you don’t know where that things been…..
I bought some ROM.
Anton:
If you are hedgeless, now is the time to get one, by the way.
Best trading day of my life as far as accuracy goes. Feels good to win. Been losing too long.
Sold 4K GCI @ 9.72 on 1st squeeze. Holding remaining 10K @ 8.81
JANE!!!! STOP THIS CRAZY THING!!!!
CAP isn’t in right now he’s busy stretching whatever the hell you have to stretch to suck your own dick.
Last I checked, the Naz is still red. I win !
thx, again.
The would be your peepee muscle…lol
MSFT will take care of that after hours CAP!
Let’s see if MSFT can screw up this good feeling…
But seriously, its like the Market Gods were out to get me or something. Down 200 when I made that comment to up 100 +
You guys who are long should pay me to make comments like that everyday !
ECB rate cut overnight?
CAP,
Be a good date, okay? No spitting.
You don’t want to humiliate yourself.
NDX futures green.
Pop-up. Sold 300 MSFT limit 22.50 for a buck. Wha happen?
Things arent looking in your favor…
Hey guys word made it down to the floor some schmuck was gonna polish his own knob if we closed this baby green today. Is that true?
Donny sells DIG @ 30.10
I just went green on the day after being down ridiculously huge an hour a ago. God I hate this market.
You gonna wash that thing first or do you prefer it all sweaty?
Comment of the Week.
___
cap, you got clown raped due to emotion, not because anything you said was wrong.
I’m green and ready for the monster crash tomorrow. Have faith BEARS. The bulls are about to eat a sword BIG time. Write it down.
Devildog…liftoff was good…you got burned in the exhaust. Hows that working out for ya?
VIX printed a ‘hairy’ triple top (candles with top tails which are bearish) on the daily. I started scaling into longs (INTC, UYG, etc.) in the last half and hour. If triple bottoms are confirmed tomorrow, I will add more longs. Most of my buying power is on the side at this time. Looking for a several weeks long rally.
Yep – I have till end of close Monday to be proven correct.
The only reason we rallied today was because of my stupid comment. Tomorrow I will make a similar comment regarding a market crash on Monday. Hence I will win.
TSO up!
CHK up!
NOV up, egregiously (what else?)!
Jake, happy again, after discovering a full grown Central Park Sewer Rat gnawing out of upper colon this afternoon.
________
TSO up!
CHK up!
NOV up, egregiously (what else?)!
Jake, happy again, after discovering a full grown Central Park Sewer Rat gnawing out of his upper colon this afternoon.
________
Hiccup!
__
Day 1 rally attempt
Hank buying Mr. Softie AH…and I sold a 5 hour old limit order @ 22.5.
DEVILDOG…thats my sword now sticking up your ass. Rots-o-ruck.
Cap, you are a douche.
Tip: Drink some pineapple juice, i hear it makes your scmheg taste sweeter
Donny, if you’re out of DIG are you back in DUG or is it the DUG train is coming?
DUG looks over sold and DIG looks over bought. But who knows what the morning will bring.
Cap:
Are you well rested after your act of self love?
cap lying in bed, covers just covering 1/2 his torso as he lights a cigarette.
666