If Asian markets do not rally by 5% or more tonight, I am loading up on [[FXP]] in the morning and taking profits on some of the longs I bought this afternoon.
Thus far, the reaction in Asia has been muted, up between 2-4%.
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Fly
You offended the dog. He’s obviously very upset at what you did to him, especially after the love he’s given you for being short over the past couple of days.
He’s hurt and terribly offended.
I think a trip down to West Texas is order. You need to do a very gay thing here and apologize to the raving lunatic… in person. But wear protective gear.
Woof!
The Pats are gonna spank dat ass tonight.
No one, and I mean no one, believes that we rally tomorrow. Everyone is expecting futures to be down and for friday to be another day of pain. Costanza?
Fuck yeah.Going higher.
Long fxi
Short Skf
Can I say something a little serious.. Watching and observing the comments at this blog and elsewhere is instructive.
The comments section shows that people’s views are mostly influenced by what last happened on the tape. Market goes down for the day and people are bearish… market goes up and they go the other way. That’s ok in a market with huge intraday vol.
However let’s look at things here.
The market is in the process of discounting the really bad shit that is expected. I think we’re now at the point where the market is trying to figure if this is a depression or a recession.
Devil dog will tell you this is worse than the 30’s.
However the latest OECD report is actually not that negative showing they expect US growth to contract by about .7% next year and then experience a low growth rate of about 2% there after.
This doesn’t sound too bad to me. Sure it is bad in the sense that the US will end up with about 8-9% unemployed etc. but it isn’t the end of times and it certainly isn’t the depression.
It looks to me that this event will be a sort of harsh recession but not the biggie.
I have been saying what Bill Gross is now saying. At some stage the Governments action of leveraging up will overtake the private markets doing to the opposite.
People that suggest that the world is de-leveraging are ignoring the massive leveraging up by governments and the huge monetary expansion that has been occurring.
Can the market trade down to 7500? Sure it can. But I won’t be on that trade.
The risk is on the upside as people begin to figure this will be a sharp recession and not a depression and money is being deflated away.
j, if you read my posts, I’m quite the contrarian in my predictions. Every so often, I predict turns and I’m not your typical mo-mo guy like you said.
Anyone watching the game online?
Its working pretty well for me, first time I’ve watched live on the laptop.
http://static.nfl.com/static/tnf/WOW.html
Here Kitty Kitty Kitty Kitty…….
Yes, also watching it on my laptop while watching Kitchen Nightmares on the tube.
j is telling us that we move higher on fundamentals? That’s even funnier than Jake calling for another +10% tomorrow. BREEHEEHEE!!
Now if the VIX can fall through 50 level which is oddly it’s 50 day moving average we can get some springboard action going.
J,
All that you said above is true but you are not the only with that knowledge, so…possibly baked and with the market being forward thinking.
Now new events to come is anyone’s guess. Only a futuristic time machine dude can answer those questions…
With the lows of October and today, how can you not lean in favor of the long trade with a solid stop in place?…risk reward looks good here…
“Release the dog”? Your trader/servant trying to run away?
—
TraderCaddy: I am watching Kitchen Nightmares too, that Mexican shithole is disgusting.
Yea, I know EB. Your posts are always quite interesting.
As far as I see it in terms of where the rubber now meets the road it’s like this.
The market is now trying to figure if this is the 30’s or something a little different such as a sharp recession.
If its a recession scenario this market is going higher. No ifs no buts, it’s simply going higher. If it’s a depression then we’re heading a bit lower.
I kinda think the market has discounted quite a bit of the depression scenario.
Hmmmm, a chihuaha taco sounds good right about now…
Speaking of dog eaters – considering the reversal of fortune stateside; Asia is not throwing their typical Asian market fireworks, yet. Timid, wall of worry action, so far. The night is young.
Jeez fly. Your developing your post and look how many damn replies are up before the post is even POSTED
Short squeeze = unlimited income loss potential
j is telling us that we move higher on fundamentals? That’s even funnier than Jake calling for another +10% tomorrow. BREEHEEHEE!!
Not at all, scum. I’m simply saying that the market may have discounted too far the other way and if it has it will go higher.
We don’t have any fundamentals until we figure out or get a sense that the banking systems balance sheet have stabilized somewhat. If that happens it will turn into a bull market but not before as that’s when the fundamentals come into it.
As a daytrader I will be careful tomorrow as I believe it’s “redemption” day for the hedgies which runs the show.
Trader C
Wouldn’t they know of all their redemptions by now? wouldn’t they have sold as the letters of notification came in?
I’m not sure how it works but I believe the managers have known what they have to do and the deadline to actually sell and raise the cash to send it out would be tomorrow 11/14.
Perhaps somebody knows.
I can’t believe a fucking sideshow clown, living in a fantasy trading land, is getting this much attention. Ban him, ignore him, and he can go back to his video games.
Anjing Panggang yum yum
Man, what is up with all these posts? And I thought I was the only one with no life.
Post, on.
DevilDog – pay attention to The Fly and Tim Knight; be flexible, reverse course and go looong, not so young man.
Dow 10k by early December.
As i understand it, tom is the deadline to notify the hedgie that you wanna get out. I would presume most people wouldn’t wait until the last day as they would ahve sent their letters and confirmed well before then.
So the hedgie knows he has to sell 99% prior to the redemption day. He wouldn’t wait until that time is my guess. They would have sold as they became aware and went to cash. In fact they would kind of have to to avoid any legal issues.
puny
The dog is actually god spelled backwards. He’s talking to us on this blog cryptically telling us to go short. Fly basically banned god.
j
ynup is puny spelled backwards, and j is j spelled backwards. just fyi.
can’t you see all the signs, puny? they’re there if you look for them. God takes on the name of the Devil and then embellishes with dog as the add on.
It’s god. devildog is god and he’s been telling us to go short.
I’d be fucking quaking if I were in Fly’s shoes as he banned god.
Juice,
Nice Thursday rally call, motherfucker.
-DT
The best thing that could happen is that we quit with all the volatility and begin a slow melt up.
Gapping up 4% tomorrow will take away some of my bullishness.
…the “volatility” ain’t goin’ away !
.
how do i follow the asian markets while they are open ??
http://finance.yahoo.com/intlindices?e=asia
EB – I’ve been reading you’re comments. You’ve been making some good calls!!
Yeah, that mexican restaurant on Kitchen nightmare was disgusting. I was eating dinner when Chef Ramsey pulled out that garbage pale full of “refried beans”. I just about puked. I will not be eating mexican for a while…
Why are so many idiots hating on THE FLY lately??
thanks fly
Here’s what reckon is important for the market going forward in terms of systemic risk and general economic health for the next few weeks.
Citigroup and the carmkers.
We need to know soon if Citigroup is healthy or not.
We need to figure out if the carmakers get their bailouts and keep going with some meaning change.
If Citigroup is okish and the carmakers make some meaning changes with the bailout the market will go higher. If one of these two things don’t happen, the market is in trouble and going to make lower lows.
The Asian markets are pretty green now – the 25 stock index that FXI is supposed to be based on is green, but WTF – Asia was red last nite and it did not help FXP much. The G20 meeting and the Chicoms may cut rates could affect FXP. That market this morning had meltdown city written on it. In recent weeks there have been 2 times of 10% declines in 2 and 3 days and there was that Friday morning when the futures spelled crash city. I am over 60% cash – never seen anything like this wild market.
thx Dino .. I was sweating it there but hung on
I think we consolidate for a couple days but you must get long here, the right stuff. I put on some ultra short hedges at the close but they’ll be gone by Monday & I’ll have a full on, anti-DevilDog positioning – 200% long. Dow 10k first week of December. The Turkey Day Rally is ON !
Actually a more moderate 2%-3% gain in Asia is preferred and more likely to be built upon.
I guess it’a sign of the times when we are referring to an intraday market rally of 3%+ as “muted”.
johnny ,
i think you answered your own ?
They were down 5% last night. At a minimum, they should be up 5% tonight.
So I guess CHINA can matter huh FLY?
Hell yeah Juice nailed that call. Good job dude.
No. China is irrelevant as a market. No foreigner are allowed to invest in it.
Heng Seng is where it’s at.
Juice did nail it. And some other guy who i told to “fuck a dozen eggs” today.
But Juice called it Monday.
the hang seng and nikkei are ahead of our markets. they never retested like we did.
hang seng up almost 30% from lows.
nikkei up better than 20% from lows
so far they are leading.
Indeed, Juice nailed it.
Also, he called the short-term bottom of the market.
-DT
Is J also Juice but without the calories and sugar?
FXP will stair step higher tomorrow.
Juice is Bruce baby.
I rule because I bought GOOG at 283 off my oversold reading.
I suck because I sold GOOG at 284 because I was too busy fighting my bullshit C position. Was that ever the wrong vehicle to choose as a financial proxy (sidenote: the plan was to buy UYG but there was a bug in our trading system that prevented us from buying ETFs. So I had to pick a stock to try and participate with the financials. Worst pick ever.)
My highly emotional friend, who is a flawless contrary indicator, gave me the Oct 11 bottom signal with his ‘is the world ending?’ email. And that fucker is a trader at a $10+billion hedge fund, but I wouldn’t give him a penny to invest. And btw, when we hit SPX 1000 last week, he sent me some research note from Morgan Stanley saying “equities may take off”. That was a sell signal.
I was hoping he’d check in today, while we were diving to new lows, to confirm my thoughts, but nothing.
I bought FXP right at the close and then covered in AH a couple bucks higher…
I think this market has pusified me.
Just don’t trust anything more then a daytrade anymore.
Qualified institutional investors are allow to invest in China. FXI components trade in HongKong, but their shares are also available in China under C share, which used to trade @ substantial premium to their shares in HK when Chinese citizens were lining up to speculate in stocks. Not sure if they still do.
I like how THE FLY pretends I’m not here. Anyways, looks like my Friday morning dip call going to come true. God I’m on fire.
Something I’ve always wondered…who in their right mind ever thought that buying CROX was a good idea, AT ANY PRICE. I mean, you had to know that people would eventually come to their senses.
Those are the stupidest looking shoes in the history of shoes. I don’t care if they’re comfortable. If you’re wearing those shoes and you’re a woman, your judgment is suspect. If you’re wearing those shoes and you’re a dude, you’re a fucking moron. Sorry.
I think she’s the hottest net stock trader: https://twitter.com/Jana_For_Really
Click on her personal website on upper right for pictures.
Who is this michelle girl on Tim’s blog? Who is Tim? Where is his site?
Mr. EB: didn’t you proclaim a few day ago that you’re done with this site and you’re going to retreat to your own 3rd tier shithole? Yet you’re still here jumping up & down for attention. So I’ll give you a little. What gives?
alfie44, my poor retarded child, I have volatility on the S&P down 45% from October 17 levels.
Let me put it so that a child could understand it.
Volatility has decreased by half.
I think a trip down to West Texas is order.
He lives in Dallas. That’s East Texas.
_
Eb:
Post in the PG if you want recognition.
The Pats are gonna spank dat ass tonight.
Who’s? Bellichick’s?
Fuck yeah.Going higher.
One out of two ain’t bad.
______
j is telling us that we move higher on fundamentals? That’s even funnier than Jake calling for another +10% tomorrow.
Whatta douchebag.
What else did I “call for?” while we’re at it?
A visit from the Raelians?
If you’re going to lie about me, go nutz, you ditzy broad.
_________
DPeezy, I was joking like everyone else does around here so take a chill pill.
You wanna know why we continue here?
Bearish engulfing on the dollar.
Simple as that, Forest.
________
I think I’ll cover my small short that I made at the close today in the morning and just stay 100% cash. This move today was too much, too fast, the setup isn’t good anymore. It could go 50/50 up/down early next week. I want better odds and setups than that.
woodie…dig this you rudeass lil fucktard !!!
I don’t give 2 shits about what you “think” you have “volatility down from”…and you can stick your “45%” BS where the sun don’t shine !
The Market swung +900 points from the LOWS today !
The Market was down OVER 1600 points in the last 7 trading days…before today’s reversal !
THAT…is “volatility” you blithering lil simpleton !
AND…as I said…“it ain’t goin’ away” !
——————-
I get a kick outta young jerkoffs like you.
So busy trying to be the resident TA “know-it-all” here…shootin’ your mouth off…you seem to forget that some of us were actually doing this shit when you were still wettin’ the bed !!! LOL
.
jake went to Pei Wei in kingwood. Pretty good.
im reading up on fund flows at trimtabs.com
Is J also Juice but without the calories and sugar?
Dunno, anon. But have you always had issues about having a tiny penis.
They closed all the Pei Weis in my area just a couple weeks ago. Something about bad real estate choices. They claim that they will bring some back next year (in new locations) but I’m not entirely hopeful. I did enjoy their food quite a bit. Quick, cheap, and tasty. The crab wontons were to die for.
Not all hedge funds have their notice period for redemptions today. Some require 45 days but many are 30, 60 or 90 days, etc. Investors wishing to redeem from a fund with 45 days notice would have to put in their redemption request by today although the manager then has until the beginning of January to pay out the redeeming investors. Another reason why today’s date is not so relevant is that most hedge funds have been raising cash over the past few months either because of prudence or necessity (margin calls). More hedge fund redemptions are expected in the coming months.
Dpeezy:
Two Pei Wei’s opened within 4 miles of each other in September around here. They are paired with PotBelly’s in the same building: http://www.potbelly.com/home/
There are too many other good eateries around here for my limited budget. Bahama Breeze is a fav: http://www.bahamabreeze.com/
Jim Cramer Blog
What a Phony Market
By Jim Cramer
RealMoney Columnist
11/14/2008 6:50 AM EST
URL: http://www.thestreet.com/p/rmoney/jimcramerblog/10447937.html
OK, so let’s see. Europe was up about half of what we were, which isn’t bad given that we were up a little more than the day before, which puts us so we should probably be down about 1% … but there are animal spirits that looked great yesterday, so we won’t be down that much, so bid a half percent down from the close and then walk it up as we get closer (unless there is news).
There, that’s the nonsense game I used to play in my head about what the buyers and sellers of futures were going to do.
It’s pretty right.
It’s pretty stupid.
It’s pretty right and stupid because it is what we trade off of, but what we should be trading off of is whether we are going to save the automakers or whether there will be another run against Goldman Sachs (GS) or whether Citigroup’s (C) insider buying is a joke or not. We should be betting on preannouncements and weakness and no ECB cuts, not on some ratio of Europe to us.
But it is all betting all the time, and the only thing that intrudes is the gaming of the crushed hedge funds.
If you don’t believe that, then you didn’t watch Intel (INTC) yesterday. Here is a company that is getting hit harder than it ever has since 1988 … and people bought it on the news.
Of course, they didn’t really buy it. They bought the ETF that it is a part of. That was enough.
So it went higher.
That’s the kind of market we are in, a gigantic phony market where nothing can be trusted to be interpreted right, because nothing matters other than the direction that the last big futures or ETF buyer wants it to go.
Hmm, is that the way bear markets end?
I guess so, because everyone I hear on TV says it bottomed yesterday.
j, why not start your own site. I would call it” Jibber jabber and other useless junk”. STFU.
Why don’t you go blow a polar bear, you Canadian douchebag.
all you do is post abuse towards people, you creep. The only time you ever offer anything about the market is laughable swill.
fuck off.
Long 500 AAPL at 93.95, just picked some up premarket
I will be watching the VIX…believe it will soon go below 50…
November 14, 2008
Cara’s Commentary & Community Chat, Fri., Nov. 14, 2008, 8:06am ET
Thursday may have marked an intermediate low for the US stock market; yearly lows were violated, stops were hit and the market violently reversed to finish higher on the day. Interesting a new moon was yesterday and this week was the anniversary of the very important lows in 1907 and 1929.
Anyone following ALJ?
Long 500 AAPL at 93.95, just picked some up premarket
Doing the same. Got the rest of my GOOG yesterday, but forgot about CRAAPL.
Shooting for a lower “pick” thatn you, however.
_______
Jake – did you get 280 on GOOG? I will buy GOOG on an am dip here, but only a 100 share lot.
Also, that NOK news bodes well for AAPL. At least to me, sort of contrarian. The iPhone is changing the space. NOK still thinks it lead the wireless space. Nope. AAPL is the new comer. NOK makes bricks and who wants that?
Opened up a position in DUG. Sick
LOL.
I bot FXP end of day yesterday while everyone was buying “technical indicators”
Reality indicators = -500 today.
Now all the traders are going to have to find buyers today at ridiculous inflated levels.
Massacre. And gee whiz — this is the 3rd monster rally — the last two 10% wonder days ended in utter failure. Who woulda thunk?
Should be an interesting opex week next week.
Everybody has been conditioned to fade rallies – I know I have.
The pain trade should be to the upside to make people chase – I think the “get shorty” and “Performance Anxiety” trade will be on… at least into December.
Did the same as you with AAPL premarket & bot GOOG yesterday, as well. You outpriced me though. Fucker 🙂
Boomer-
Your fucking nuts buying AAPL here. Best Buy states a “seismic shift in consumer electronics spending habits” and you buy, arguably, the company with the most expensive products? I know the guys on this site “print money” all day long, but Johnny Sixpack ain’t buying his kids a Mac for Christmas…or an iPhone. Great products- no doubt, but I wouldn’t touch the stock.
I am not saying it has a ton of downside, but I am not so sure it has much upside either. Just my opinion…
Douche-
I did the same thing. Bought FXP at $66.50 and again at $60.50. To be honest, I was shitting my pants watching that mother fall, but I thought the risk / reward was worth it. Good luck today. Any ideas on an exit price?
I am a buyer on any scary looking down opens today or monday – they will be head fakes.
Oil will rip higher in the short term.
Fox – I hear you. But I’m not marrying it. Just buttsecksing it.
sell fxp in the morning into the intial drop, prior to going green on the day.
+245 on the day.
You are fools who got long late yesterday chasing the rally.
I did cover some of my shorts during the presidents speech also.
T MOE rules bear markets. No hibernation here.
covered some shorts on GS, AAPL, RIMM, AXP, SPY
Went short more AAPL, RIMM, MCO, COF, GS, SPY at the close
No way this rally goes two days in a row
See Yea. This site is a Soap Opera of mostly small cump traders. Look you can’t educate yourself from a blog. If you can’t make your stock moves yourself [FLY what do I do now etc?] what the fuck are you doing trading stocks? I will go back to being Pro Trader [ I have the certs. to prove it and the money.] On the plus side this site is better than CNBC and the FLY is a great trader. The best way to train yourself to trade is to trade your own ideas and if your ideas are good you don’t tell others [ When they are bad you learn from them]. Like Allen Iversen said Economics what Economics I trade stocks.
AAPL is good to $120-130 in the short term
sorry, that was me with jakes name
Kevin Depew
09:15:00 AM
No positions in stocks mentioned.
Return of the Living Dollar Dead
With multiple DeMark sell signals in place on the daily chart of the Dollar Index Spot, it is once again time for dollar bears to gain some spotlight and attention.
On the weekly chart we actually need one more new high either next week or the week following to perfect a sell setup, but I am more concerned with the daily here because I believe this move lower in the dollar will be rather short-lived, a multi-week move that is actually supportive of the move higher in equities.
The context of this, similar to the context of a longer-term bear market remaining intact for stocks, is based on the longer-term quarterly and monthly charts.
Below is the quarterly chart of the Dollar Index Spot.
https://admin.minyanville.com/assets/FCK_Aug2007/File/dxyquarterlg.jpg
This large rally was preceded by a perfected TD-Sequential buy setup. The dashed green line that is at 90.4 is the TDST up line, which tends to act as resistance. Remember, our qualifiers, in order to qualify a breakout of that level, which would indicate a trend change, we need lower prices. Yes, counterintuitive as that is, we need the next quarter’s bar to close below this bar. Then, should we get a move through that TDST level that would signify an important longer-term context change.
Understandably, there are those who maintain we are approaching a hyperinflationary meltdown and that the dollar will collapse and gold will skyrocket. It is understandable because it is difficult to psychologically accept the reversal of a trend. As humans we tend to believe what has happened will continue to happen. And what has already happened is that the dollar has collapsed (by 40% since 2001) and that gold has skyrocketed (up 240% over the same period).
But that was the last war. This is a new one. As the saying goes, “Many shall be restored that are now fallen, and many shall fail that are now in honor.”
Also, I’m a big fag.
Forgot to mention.
Paradigm Shift Says:
AAPL is good to $120-130 in the short term
Wrong
iphone sales will drop big time. News from nokia today does not help either. AAPL stays in a range of 80 to 100
T Moe
I guess that is what makes markets
I bought the dip in AAPL, lowering my average cost to 92.8, and just flipped the excess shares at breakeven. I’m now at 500 AAPL @ 92.8
Does everyone on here smoke crack in the morning?
AAPL to 130?
Last time I checked the worst recession in our lifetimes had just BEGUN, the Mortgage Equity Withdrawal (MEW) of the years 2003-2005 was the only reason those years were not recessionary and going forward there will be no MEW possibly ever again.
Good times GOOG to 1000!
I completely agree with Moe…AAPL is at risk here. The holiday season will kick them right in the balls.
Just did it again. 92.14 avg price.
Done trading for the AM thanks to homies (XHB,ITB).
Off for a nap.
I don’t understand why anyone would buy AAPL right now.
I’m looking for a new computer, and considered apple…but they are priced in a different world, especially when every other PC maker is cutting each other’s throats.
The consumer is in penny-pinching mode right now…and penny-pinching consumer ain’t Apple’s business plan…..
Minyanville Staff
09:25:00 AM
No positions in stocks mentioned.
Vibes from Minyan Tony “Snoop” Dwyer of FTN Midwest
I highlighted my view yesterday morning, and wanted to follow that up with some further thought. I’d been playing a little cute due to the possibility of breaking to a new low and the additional pressure that could bring. In my note, I said the trigger point for an oversold enough condition could “come later today or tomorrow.” I was out of the office when the market saw a drop through support that brought in enough dramatic selling pressure to warrant such a near-term oversold condition. The dramatic reversal on solid volume suggests stocks are down enough to bring in buyers. In addition, there are signs of improvement in some areas of Corporate Credit, which can be seen in the General Electric (GE) bonds that mature in June 2012 (see below).
The last time we were near the lows in the end of October, these bonds were trading at a meaningful discount to par and have since rallied despite the retest and subsequent break of lows in the stock market. A deeply oversold condition coupled with a small positive in corporate credit will get seized on by traders worried about missing a year-end rally. To make my position clear again, I’m a buyer near the lows and would not chase near the highs unless the market breaks out above the upper end of the recent range (greater than SPX 1000).
The vast majority of credit remains historically stressed and dislocated so I’m only reinforcing my tactical call of buying when near the lower end of the range and not chasing near the upper end. Sustained improvement from the October levels in bonds like the one shown below, coupled with yesterday’s equity market reversal on solid volume warrants a more tactically positive view with anticipation of again moving toward the upper end of the recent range we have been highlighting.
If you missed this ramp, the odds are solid you will get another chance before it is all over. Why do I say that? The greatest gains were in those areas that showed the highest degree of pain, which smacks of a short covering/oversold rally that should ultimately see profit taking as the economic numbers remind traders the fundamental backdrop remains very stressed.
https://admin.minyanville.com/assets/FCK_Aug2007/File/A1.%20T.woo/ge%20bonds.jpg
Retail sales largest drop since 1992 (2.8%), Yet again more bullish news!!!
Bought a good amount of TZA yesterday and still cruising higher nice pick i must say. Almost forced to do it
Jim Cramer Blog
I’d Take Profits
By Jim Cramer
RealMoney Columnist
11/14/2008 9:44 AM EST
URL: http://www.thestreet.com/p/rmoney/jimcramerblog/10447991.html
Do we hold?
It’s a tough call because the news background is so awful. I mean just awful.
But there are so many interests that need it higher in the hedge fund community that it is hard to believe they can “let it go.”
So what do we do? Take profits. Pure and simple. Risk that it goes higher. Risk it.
Especially in the financials and the techs.
All numbers are too high. Estimate cuts are killer, still.
We rallied 300 points in the last 15 minutes. I don’t want to stick around for the next 300. I am willing to pass on it. It is all yours.
Random musings: Chevron’s (CVX) the tell again. Up 8? Ridiculous and most vulnerable…
At the time of publication, Cramer was long Chevron.
Meh. Changed my mind. Out at 92.2
I will submit that the market could rally 5000 points because of what I posted above.
The market will bend over as many participants as possible as much as possible.
I guess you could say the market is gay 🙂
Gayer than a 3 balled romanian billygoat
Covered my $GGP at 50c. That was a bad trade, it’s not acting right. Lost 10c. Oof. Luckily it was only 3% position size, but still. That sucked.
http://slopeofhope.com/2008/11/14/some_reasons_to_like_gold_and_silver.htm
Tim the enemy likes the precious metal trade here
I will maintain my call for SRS to be around 250 by late next spring, early summer.
Now, it may hit 80 before 250 so you’ll need basketball sized juevos to take the ride 🙂
Juice
Hard to buy gold when it’s rallied 40 odd bucks in 24 hours. Where do you put your stop? Below 705? Then what’s his upside 2:1 , 3:1? It’s a shit trade.
Juice after your post yesterday about Minyanville free with Ameritrade, I realized I have access to it also 🙂 Had no clue as I rarely use that account. However, it is one of the only places I have been able to short things like SMN and RKH.
Now if I only found out I had access to Fleck… 😀
Fleck is $150/yr I think.
Buzz’n Banter is good stuff from Minyanville.
Don’t know where to buy gold .. I’m sure you can figure it out if you’re interested . I
Bought NOV31 calls @ .41
Bought 1K LIZ 4.16…stop 4.1
” 2K MS 11.6…stop 11.5
This is tragic yet hilarious:
Poverty, Pension Fears Drive Japan’s Elderly Citizens to Crime
By Stuart Biggs and Sachiko Sakamaki
Nov. 14 (Bloomberg) — More senior citizens are picking pockets and shoplifting in Japan to cope with cuts in government welfare spending and rising health-care costs in a fast-ageing society.
http://www.bloomberg.com/apps/news?pid=20601109&sid=as80aWlHdA1M&refer=home
Sold 4K GNW 1.8 @ the open from 1.03 still holding 10K free from original 50
TZA in the housssssssse…. We are looking good fellas cruising nicely past 82 bones. Any thoughts ?
Scully:
Only 10 cents S/l on MS?
————
Juice:
Gold’s really homo. It’s bending people over at the moment.
FLY,
You still have CLNE in your long term portfolio as you said earlier this year? Boot stomping?
I like TBT right here right now… bot at 60.75.
CSUCKS:
Yeah, I might move it down slightly. But, I’m out in a PM squeeze too.
There is no volume in MS and a trillion shares sitting on the bid @ 11.5. I don’t know wtf I don’t know.
Good call Phil…Lets face it, TARPs is genuis, loan to banks @ 5% for 5 years,borrow from China via 5 yr tnote @ 2.30%…how long till they figure that one out?
Lost 100 bones on LIZ stop …like my wife went shopping.
Buying sub 4 again.
Jake Says:
Did the same as you with AAPL premarket & bot GOOG yesterday, as well. You outpriced me though. Fucker .
This deranged sturgeon-fucker is not me.
If you are going to do the imitation thing, douchebag, make it interesting, no?
Now wipe that roe off your hammer.
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Jake – did you get 280 on GOOG? I will buy GOOG on an am dip here, but only a 100 share lot.
A little bit above (281 ish), as I did not believe it would get all the way to the 280 target (but it did, to the digit!), yesterday, and just had that set as a targeted buy.
That was the second half of the buy, just 200 total.
Massacre. And gee whiz — this is the 3rd monster rally — the last two 10% wonder days ended in utter failure. Who woulda thunk?
At the risk of sounding like Asshat of the Decade (1990’s version) Henry Blodgett, I will intone:
This time, it’s different.
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No way this rally goes two days in a row.
Do I hear two months, then?
We rallied 300 points in the last 15 minutes. I don’t want to stick around for the next 300. I am willing to pass on it. It is all yours.
Grazie, Jimbolina.
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Meh. Changed my mind. Out at 92.2
Bot, 91.24
Grazie, Boomerlina.
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Bought NOV31 calls @ .41
Bought 1K LIZ 4.16…stop 4.1
” 2K MS 11.6…stop 11.5
I am really starting to like Scully.
If we give him his own tab, can it have an “X-files” header?
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