I can’t stand some of you rally haters out there, whether you lurk on the web or in real life. The funny shit is: the most bearish apocalyptic people I know were the most bullish, like 2 weeks ago. All of a sudden, these hatfuckers found “The Great Roubini,” ate a few of his meatballs, and now announce his edicts daily.
You fuckers make me sick. I know good investors when I read or talk to them. I can tell if someone has what it takes to make me money within 2 minutes of small talk. Mind you, the discussion does not have to be about stocks or the economy. I like to see how people think or react to intelligent or absurd statements.
Now, if you do not think we should rally today, following a 300 billion guarantee from the U.S. government, you’re smoking crack—plain and simple.
If you do not believe Citigroup Inc. [[C]] is going significantly higher, over the next month, you must have a heroin needle stuck in your neck.
And, if you are wasting money, through executing short sales today, might I suggest getting a brain biopsy done, STAT?
See girls, it’s not about winning everyday or about walking around with the coolest blackberry. Life is about, listen very closely, life is about kicking the other guy down the sewer pipe. And trust me, I mean that in a very sincere way.
Back in the old days, men would meet on muddy battlefields, in order to chop each others arms and legs off. Today, in the digital age, we just destroy each other financially, via egregious stock trades. You know, find out what Steve is short, then buy it as a result.
At the present, my top picks are Citigroup Inc. [[C]] , [[ROM]] , [[UYM]] , Bank of America Corporation [[BAC]] and General Electric Company [[GE]] .
Check my previous posts for more ideas. I’m fucking busy now.
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Fly,
There is a difference between traders and investors…no?
fwiw
What are you busy doing? Banking Coin?
The Fly is God.
UYG has a ton of ground to make up. I see SKF is barely down, this is due to continued fear in my mind and not trusting this rally. Should this stick that thing will be sold like the banks were last week. UYG has the potential to go to 10 near term, I mean hell it was just there 2 weeks ago. Personally if you want to play in the space long UYG would be good for a move. I also like long V short DSF.
I am getting my teeth kicked in right now with this bullshit rally, but like DevilDog says – It’s about winning the war! The war is still going on and I don’t think now is the time to change my war plans. There will be one day that I will change plans but right now I think the weary bulls are fighting their last battles before being stomped down once again by the claw of the bears and the shitty economy
very funny, fly. one of your better threads.
I know good investors when I read or talk to them. I can tell if someone has what it takes to make me money within 2 minutes of small talk. Mind you, the discussion does not have to be about stocks or the economy. I like to see how people think or react to intelligent or absurd statements.
How do you rate the dog. Be brutal but honest.
An investor is someone who held MER from 1997 and lost money.
loving TNA here, just like the acronym.
moe
you don’t fight wars in trading, you fight fucking battles. Big fucking difference.
Egregiously funny posting. Check out Drudge headline.
SRS & SKF falling off Mt. Kangchenjunga.
j-
You do fight battles in Trading. But you win the war by picking your battles. I choose to knock things down that I think are weak, and I think their are a lot of weaklings out there right now.
Why? Why up?
Citigroup bailout? That’s it? oversold? So exactly who are the dumbasses that are going to HOLD these stocks up here while you fleece them?
Everyone’s tired of new lows.
Get short this morning. Get paid in the afternoon. Just more hope.
I think Bushie must have a heroin needle stuck in his neck.
LOL
Fly, you are the fucking MAN. Your trades are superior. Your prose is superior. Your attitude is superior. I want to be on your team. Go, man, go.
Paulson’s got a slow drip rock cocaine needle stuck in his.
This is fun.
all cash. waiting for later today for decisions.
my wife emailed me (she reads this blog). she asked “how much money did you make today?”
I said “Kenny Rogers.”
That means ‘too much to count right now, you never count your money when your sittin’ at the table.”
My APOL is chopping arms and legs off, and has BTFO!
You know what Citi needs? That woman Meredith Whitney to slap a “BUY” rating on Citi. After all, she was bearish at $10, now at $6 AND a massive capital infusion…I could see a huge rally coming off that…
Then again, the likes of Jim Rodgers (ultimate bearshitter), must have her on payroll.
The Fly is riht-o, Once again!
Firm, uncompromising, positions will fucking kill you in this market. If you’re bearish, you better get your fucking head out of your ass … this market just made new lows, and this rally was expected. Don’t give your gains back now!!!! It could go a lot higher, in a short period of time.
This is no time to get caught in any mindset that makes you believe anything outside of reality. This market is now up 800 points from the low last week. In other words, stop thinking you know what the fuck is gonna happen … YOU PROBABLY DON’T!
I’ll be buying SRS anywhere under 180 all the ways down to 120, for the eventual move back up to 300. If you’re chicken, you can also sell Jan 135 puts for over $25.00, effectively getting you long at 110.
long 225,000 C
100,000 GE
side orders of TNA, UYM, ROM etc.
Small fry
Fly, you are the fucking MAN. Your trades are superior. Your prose is superior. Your attitude is superior. I want to be on your team. Go, man, go.
If you ask nicely I’m sure fly would let you have his children.
you gotta short any fucking firm that chooses TNA as it’s symbol.
One more point to all PermaBears:
Stop listening to your fucking brain, and start listening to your fucking eyes!
You’re a very flexible trader Donny. good for you.
i’m just sitting on my little bit of UYG for the time being. i should have manned-up friday and bought C instead, but i’m a coward. perhaps we can get a ‘0-16 detroit’ rally going.
Damn, I have a $80 gain in my SKF Short I grabbed on Friday. SEC needs to look into proshares imo.
Bennet Sedacca
09:35:23 AM
Positions in IVW, UYG, XLF, XLK, KIE, USO, XLB
Credit/Equity market update
Finally.
On a ‘bailout day’, spreads are ripping tighter. Across the board. While I mentioned my firm went long IVW, XLF, XLK and UYG, this time we are staying long. And adding.
Adding via KIE, XLB and USO.
Keep in mind, I am ‘renting/leasing’ these positions, but I think the rally will surprise some folks.
But I think this is A LOW, not THE LOW.
Bumped:
___________
bot 1000 goog 251.9
Forget about “Boomer.”
New moniker:
“Iceberg Ballz.”
Coach Cawfee would be proud.
___________
November 24th, 2008 at 10:55 am
Jakegint Says:
Boomer will not rest until Coach Cawfee is his personal driver.
With the jodphurs and hat and everything.
_______________
Special alert to all fuckers: Silver up 85 cents! — that’s 8.8%!
_____
Fly, those are some impressive numbers in C!
TD ameritrade is FUCKING DOWN!!!!!
Fly,
Your blog rules.
-DT
i mean the software. cant trade system wide
If Meredith Whitney slaps a BUY on Citi it will shoot to $20 in a day.
Aw fuck, that bitch Whitney just re-iterated an “underperform” for Citi:
http://www.bloomberg.com/apps/news?pid=20601087&sid=akQjBIBEXYT8&refer=home
Hook that up Meredith!
Boomer – I’m having no probs with AMTD
Fly, why only a side dish of TNA. It’s delicious I promise. Help yourself to another generous serving.
Jake, SLV,Slick Willie….chopping balls. Your brother owes you a beer. Giants are scary. Real Football Team, no?
AMTD working for me as well.
Hmmm…I will be scaling buys on inverse ETF’s and selling longs as this rally fades caused by this “voodoo” turkey rally in the next few days.
Did anybody noticed that Dougie Kass was SUPER-BULLISH on the market this morning, and as of NOW, he is shorting the SP500…No joke. Shoudnt a PERMAMENT SHORT-SELLING FUND, be up like 100% this year?
Meredith says
“We are still cautious on the potential future dilution from further prospective capital raises for the group as well as continued higher losses related to credit and asset deflation,” New York-based Whitney wrote in a note today.
Citigroup’s “risky assets” total about $120 billion, Whitney said, reiterating her “underperform” for the stock.
Does this fucking woman think or is just steroid addled as hubby.
the government has placed a wrap on a huge portion of the asset side of the balance sheet of C.
It’s better protected than any other bank out there. And to top it off it has earning power of around 5 bill a quarter even in bad times.
Almost noon, sold my longs.
So wait, why are we rallying again?
Mr KC:
I bought most of my SLW during June/July of ’08…
I’ll gladly buy the beer if SLW gets back up there.
Market is gay..give me a break. Last guy out turn off the lights and lock the door.
Cold Calls Hard Cold Calls.
Donny, the DOW has moved 10% in less than 3 hours of trading – this will not continue – there have been 2 of these type BEAR rallies in the last month – it will fade – use it to get the F outta this crazy market – run for your lives! What do you think this is the beginning of a new BULL market???? Hahahahahaha.
Your an idiot
Dog is that you telling Donny what to do? Cut it out and get back in the kennel.
DevilDogg is cowering in his fucking hole, hearing artillery shells blast all around him and seeing his bear comrades ripped apart by the ammunition of capitalism.
Market will jump another 300+ points when Obama discloses his financial team.
Donny…my brain and my eyes are both in agreement that you are a fucktard…so sorry.
Jimminy
ripped apart by the ammunition of capitalism?????????
What? Capitalism is not the bailing out of failing companies
“Market will jump another 300+ points when Obama discloses his financial team.”
That’s already baked in.
Sure Charlie – we’ll call it the Karl Marx & Vlad Lenin NEP rally.
And Bush says there’s more of that where it came from which means the big 9(?) are now protected species.
NEW YORK (CNNMoney.com) — President Bush said Monday that the first step toward economic recovery is to stabilize the financial system – and that the government may step in to help financial institutions again the way it did with Citigroup.
“This is a tough situation for America. But we will recover. The first step is to secure our financial system,” Bush said after meeting with Treasury Secretary Henry Paulson. “If need be, we’re going to make these kind of decisions to safeguard our financial system in the futur
I’m pouring my fourth Jager Bomb, did I miss anything?
fucking hey
Dax, CAC, FTSE all up around 9%.
T – Moe,
It’s government gauranteed capitalistic ammunition (kind of like hollow points).
Flux, Obama’s verbal financial think tank smoked McCain’s. Let’s see what he puts down on paper. Note: I dislike Obama, but my point is, prepare for another jump ala last Friday.
Nothing personal Master Fly, but I can’t wait to see what happens when FXP drops below $60.
FLY – what are your thoughts on OIL rallying here??
I think the DOLLAR is going to drop / OIL going to pop.
thinking of going long USO.
my friend that does alot of blow has the same cough as gasbag
C is now officially a “Zombie” bank like the ones in Japan 20 years ago. The model of the bank sucks anyway – it has regulation in every country – that costs money to meet the regulations – it needed to be folded into another bank but there isn’t any – so sorry.
like oil here.
C is NOT a zombie bank.
AIG is a zombie.
C is 100% undervalued, at these levels.
Holy Shit . Anyone watching Europe. Up 10% across the board.
SLV needs to close above $10.5 to confirm an uptrend.
I love commodities here.
Check out DBA as well. The run in the dollar is over!
Is this a Fosback thing or the end of the US$ as we have known her?
FAS is retarded to the upside.
RSX is on fire – 18% plus. It could easily head to $25-30 in the next 3 – 6 mos. Russia is the most undervalued market. Stuff trades at 3 times earnings there plus mostly commodity related . RSX is an ultra bull play on commodities if one thinks about it.
Congrats on your Citi call Fly — good work.
I knew it was the right play, but my instincts are so ass-fucked from the bozo-ness of the last few months I just wasn’t able to pull the trigger Friday.
Fuck it. I may just have to stick with being a writer.
Dog is probably looking at a Prius now instead of that 430. Fucking Loser
I redeposited 60% of the monies swept out of my trading account whenever I made a successful trade on the short side from the past two months (I would withdraw 40% of the profit amount) this morning. All of it went into long positions. Now 85% long via ETFs, 15% short via EEV. So much for reduced exposure today… However I will most likely blow out of everything in a day or two and prepare myself to load up on F in the beginning of December.
In other news, because us bulls will be living likes kings over Thanksgiving with overflowing coffers, why settle for the traditional turkey.
Show your friends and family that you’re brimming with fresh coin, and go all out this holiday:
http://en.wikipedia.org/wiki/Turducken
Britney, he’s probably looking at the repo man hauling his fugly Viper away.
dont fucking be late again Obama, with your old white guys in tow
Here we go – – a real test @ SPX 840-850
Charlie: you really think that “news” had anything to do with the Friday rally? IMHO, that was a confluence of short-covering ahead of the weekend Bailout Lottery, normal opex fuckery, and ppt asshattery to make the weekly charts look better.
I guess we’ll find out soon enough.
Dog is calling Countrywide (waiting on hold) asking for bailout money to save his house while the Repo man is banging on his garage trying to reposess the PT Cruiser (his gay mobile with license plates that say SHRTMAN).
Ohhhh! Dollar down and oil up???? That will really help this rally here, no? Hedge fund liquidation not over – more to come – gotta sell them stocks – gotta get that cash!
Giants are scary.
KC — reminding me of the 85-86 Bears, they are.
Weak armed QB, solid receiver corps, excellent running game, and a defense that will literally hit you until you bleed and your ballsac retracts up into your lower stomach.
________
Fly you are right. C had a climax selling, government throws money at them, some rich prince Ali from the homomovie Aladin bought it, and now the government loads on up on it.
Even if the US is caught in a death spiral…. they still find away to (much like yourself) win, even when they appear to be losing.
(unfortunately, despite this, I can’t get that damn song out of my head….)
A WHOLE NEWWW WORLD!!!!
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