…this time is different, I am buying back [[FXP]] —down $10.
UPDATE: Understand, FXP is something I am obsessed with and has nothing to do with my feelings on the market, which is: we go higher.
Pointless Video Update:
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Hmmmm. i’m shorting FXP. but will probably exit at today’s close.
Hey Fly I got a question for you.
When did you turn into of the TV nutcases? Constantly calling a bottom. We are going down. Buying these dips hurts when your wrong. So stop trying to buy the dips. Just wait it out. Cash doesnt move. Its safe.
Dont be a bottom caller.
Buying and selling the swings in SDS and SSO has been fun.
Pete:
I am trying to get a gig on CNBC. So, in order to conform, I’ve been calling bottoms every day. This way, they will think I am one of them.
However, upon hiring, I will dress up as Merlin and say: “POOF, you’re bullshit bottom is gone,” live in Fast Money.
Fuck me, I’m dead
You’ll never POOF me.
Bennet Sedacca
12:32:19 PM
No positions in stocks mentioned.
Adding more to longs…
…Via IVW.
I may be early, but this is a great list of non-financials at 10x.
Again, buy when you can, not when you have to.
This Neil Sedaka guy is a busy little bee.
Regarding Neil Sedaka’s IVW:
“The investment seeks investment results that correspond closely to the performance, before fees and expenses, of the S&P 500/Citigroup Growth index. The fund invests at least 90% of assets in S&P 500 securities that have the highest price-to-book ratios. It typically represents approximately 50% of the S&P 500’s market capitalization. It may hold up to10% of non-S&P assets, including futures contracts, options, cash and cash equivalents. The fund is nondiversified.”
The stocks average true range is less than $2.50. I would be wise to take a look at trading it due to the stocks I’ve been trading ATR’s are near 5-7 times that and I’m growing weary quickly.
Edit-
Not 5-7 times, more like 12-20 times 🙁
This must be the Schiff Gold Rally …. premature isn’t it as the $ (UUP)hasn’t broken yet?
Those homos in the perfume section at Macy’s are having puppet shows with their cocks and are giving away money from the registers in exchange for dandelions.
hahahah fly on CNBC doing the merlin spiel would be phenomenal.
Obviously, someone has been tipped off that the US$ is toast, hence the mongo move in gold & gold stocks. Probably its Bilderberg leaking info.
Perhaps Sahib will confer.
I’ll say it again – Short RAH
NOV FCX and many other stocks still need to come on back to where they were the last recession.
FCX needs to be cut in half!
Someone dressed as Merlin saying “POOF your bullshit bottom is gone” live on Fast Money: I would give my left nut to see that.
Fly – find us the next SRS & SKF
C diving off a cliff now …. spec buy with a 2 handle?
C going the way of two buck chuck
Citigroup abot 2 minutes from breaking 3
Cramer is making fun of me! Bastard!
C: put the pennies over their eyes already.
C & DRYS in race to zilch
.
http://slopeofhope.com/2008/11/21/99_44100_pure.htm
99 44/100% Pure
My spats at bullishness over the past week have cost me dearly. Thank God for all these shorts and puts I have. May the great god Ursa forgive me for every buying stocks. I won’t let it happen again.
Now let me make this important point: from the standpoint of support and resistance, nothing exists on the S&P until around 450. The price levels we are at now were all established during the virtually uninterrupted run-up from November 1994 through January 1996. There is very little price concentration anywhere near us now.
The point is that there it’s a long way until we get a “floor”. It’s easy to get caught up in the day to day machinations of the market. But remember this: it’s all about support and resistance. And we’ll have to fall another 40% from these levels before we get something to stand upon.
FLY, Why do you like FXP so much?
Ok everyone buy 1,000 shares of C
We’ll do it on 3 ready 1,2,3
Where the fuck is Anton..hope he didn’t blow up.
Zombie. What?!?!
Nice going Mr Bill … got it up to 3.38 …
Anon: Cramer made a Zombie reference … that is all
Anonymous: Didn’t you hear him making fun of zombies? He was walking around with his arms straight out in front. We don’t walk like that. He’s thinking of mummies.
Did you “sign in Zombie”?
Anybody going to watch Twilight tonight?
Everyone’s in denial over how much borrowing and credit we neede since the late 70s and 80s to get this high.
What happens when not only we can’t borrow from any other country anymore, but now we can’t even pay back our old loans.
Walk up to someone that’s investing and tell them dow is going to 1000 or 2000 and watch there reaction.
Or better yet go on a panel at CNBC and tell them.
You’ll probably get laughed at, even now after it’s dropped this far this fast.
That’s a sign of arrogance.
Haha….I see. A bit slow here
Last hour of trading! Should be intense, no?
Annyone else feelin horny ovah heah?
just like when FRE and FNM were in their death throes, C will catch a violent bounce for a day. trick is being there that day.
i just took a joke of a position in UYG as a spec play. i should probably go read the sec filings, however, to make sure it doesn’t disappear out of existence at a certain price level during the 12th hour of the 4th week of whatever.
How is it possible that I am down on my longs and shorts?
^ should say “GA” not “Aris.”
market wants to rally on anything
Okay I’m back from QOS (DC pretty much a badass) and Ms. Scully less than $130 @ FUCK MOODYS. I should have bought some in the 6s
Did say I was taking my $2K DELL trading profits and quitting for the day — but, apparently I now own 1K shares of WFMI @ 7.05….looking for an exit before the arugula goes rancid.
Also, still still own 5K of square burgers (WEN) @ 2.83
Sold 1K WFMI 7.6 from 7.05…whew!
I missed my daily dose of the DDog today. Did someone give him the day off?
Shorts getting clownfucked 🙂
Oh yeah, babies.
http://www.youtube.com/watch?v=md7oUJFY_6Y&feature=related
My withering body, torn to shreds, as I crawl from my cob infested burrow to peek out momentarily into the distance and absorb a glimpse of light, ever so foreign, being cast upon my frail fleshy arms with shades of…green……….
Anyone think SKF can fall a hundo if the rally sticks?
The Geithner Rally ….
Bullshit rally. Short covering
I caution all the bulls we are ready to rip your face off if you chase this
This must be the Schiff Gold Rally …. premature isn’t it as the $ (UUP)hasn’t broken yet?
I noticed that… could be a flight to safety issue w. the dollar.
Sold 5K WEN @ 3.08 from 2.83.
Jake …. C generated?
Think Schiff is right about U S biz repatriating dollars due to deleveraging. When that ends we break.