I sold 10,000 FAS @ $24.56.
Taking off some hedges.
UPDATE: I sold 20,000 FAS, north of $23. I will hold 10,000, just in case
UPDATE: I am buying some FAZ, sub $51.
UPDATE: I sold 5,000 CAL for a quick intraday fuck you.
UPDATE: I bought multiple blocks of EEV, ERY and DUG.
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im all in… right along with FLY..he has seen the future..fly ALWAYS wins
Hey Fly I hope your feeling better from that morning sickness you had.
this is just 25% of my position, by the way.
fly,
you calling down from here? need a close on the lows for the bear case
Reversal DOWN day. Who knew? CAP how are those complacent 3X BULLS working for you? HAHAHA. S&P 150.
i don’t understand how you nail it like that? Nice call Fly
did somebody say….FAZ-WOW !!! can fly call it or what??
S&P 150 – DD, you are the shiznat!
Let’s go pal, I’m making a withdrawal here!
http://www.youtube.com/watch?v=VYucDoboruQ&fmt=18
Train Wreck = Crude @ 43.43
BTW, the financials are rolling over
“DEVILDOG Says:
Reversal DOWN day. Who knew?”
The chart knew 😛
Shit will Fly when we break below ~SPX 840, $27.50 on the Q’s
What just happened?
Anything below 400,000 on Non-Farm Payroll, we rally tomorrow…
I am closing some shorts here…as Art Cashin will say tomorrow “Hey, I heard a 1,000,000 job loss here, the market has already discounted anything below that”
Good lord, elevator down. I’ve been on the sidelines all day. Just holding a little BOOM short.
Oh with the quickness….nice trades sonny…just in time for a intraday debacle…..
No market for old men….
Fly,
Do you think you’ll hold FAZ overnight or sell into this whoosh down?
This could get real fucking ugly … there’s a lot of recent money in the financials … FLUSH!
Donny wins again with DUG! LoL
8)
Pre Employment report sell off. A weak close should be bought IMO.
Man, did anybody notice Margaret Brennan has some nice hooters!? Given my expertise in women, I’ll say shes a 34C…not bad for a tall-slim woman.
the market will reverse to 8,700 at the last one minute, lol
we see the market is not healthy, no one believes…
Fly, I assume you bought CAL for the impending economic recovery next week and the explosive growth in business travel and vacation tourism. BTW, as I stated earlier I got in some GREAT SHORTS on the bulltarded rally in retail, home builders and financials. Stupid complacent bulls will never learn. Just a hint: We’re still in the DENIAL phase of this BEAR market. Considering how low we have gone to date it should give you some idea of how much farther we have to fall. S&P 150 is my conservative target.
CAP-
With all due respect…you are fucking nuts. I admire your balls if you buy this sell off, but to me it is a gamble on tomorrow’s data. A complete gamble. We all know it is going to be bad…it’s just a question of how bad.
Fuck Maria and her jobs number jabber.
Fuck the jobs number.
Fuck DevilDog and his perpetual bearishness.
Fuck the automakers – they’re toast anyway.
This market is going higher into YE.
I just bought an Escalade with Pop’s AMEX to hedge my ERX and they gave me a 100,000 mile warranty.
BTW, VIX 118 coming soon to kill all bulls, cows and sheeples. Survival of the fittest and smartest…BEARS!
Me and Stevie Wynn are having lunch today.
We’re going to chat about billion dollar hot dogs and reinstating the uptick rule..
Mike I agree. I would have sold the rally into the bell should it have happened but instead I have bought ROM and DXO. I will be keeping FXP as it trends to zero.
Big Mike, you’re correct about Brennan’s 34Cs, however, you’re totally wrong about tomorrow. HUGE DOWN day tomorrow with new LOWS next week as I’ve said since 12/1/08.
DEVILDOG is right, but if he had a blog I wouldn’t read it because his recommendation everyday would be to buy 3x bears.
market call for tomorrow? I want to say down but the volume on the dow has been sooooooooooooo low…what do you guys call?
Devil-
I’m a big bear as well, but S&P 150? That is your conservative projection? God help us if that happens (don’t think it will get close to that). I am enjoying today after shitting my pants the past few days. I am 100% short here. No hedges.
Dog, you gotta keep this selloff going – short some more.
Big Mike:
Not bad.
_____
Yesterday I said fuck it and put my balls on the line and went all in short looking for new lows next week. S&P down to new lows
Hey buyers of FAS today:
Trading Sardines! I got some trading sardines here! Come get your trading sardines!
FAZ is a fucking whipsaw.
Tomorrow could be a complete fist fuck for the financials and energy stocks.
8)
I think I’ll hold my position in DUG. That motherfucker could enlighten my account tomorrow. 🙂
Fuck that moron George Bush and his cock sucking Treasury Secretary, stuttering moron Hank Paulson. Those two pricks have destroyed our economy.
Buying ERY/EEV
Buying ERY/EEV
Don’t short me Pop.
AWW MAN…those are not 34C’s… I swear those fucking push-ups brawls are made by the DEVIL…the fucking DEVIL!
JakeGint, those are not bad pics at all…
What about you FLY!? What cup size are you!? WHUAHAHAHAHA
“Donny Says:
FAZ is a fucking whipsaw.”
Wielded by a drunken, enraged lumberjack, if I may add.
So naturally I think I’ll hold thru tomorrow.
dont forget about SMN.
Donny, DIG looks like it bottomed on the 5 minute chart and DUG may have topped on same, that’s how it starts when they switch. If DIG can hold 23.63 might be a buy, at least for a couple of hours.
Master Fly, why you always dissin TWM 😛
This market is gonna make me re-use my catheter….
fly you better sell BDK now as it will make NEW LOWS next week also. Nobody needs any stinking tools to build nothing.
Bravo, FUNNY!!
Hey, just call the number on your TV screen. They’ll “hook” you up!
GAP DOWN open tomorrow with selling all day and closing at the LOWS. Write it DOWN.
Granpa-
I hold my position in DUG. A surprise to the downside tomorrow on the Jobs report, say -380,000, would likely flush all the markets. Crude has no support. There’s a lot of dumb money in the energy stocks. And I’m going to take it!
Shut the fuck up already DickDog
I’m not ascared….lol
Don’t we all agree (minus diablo pero) that when the builders turn…along with financials…bull relief is in sight?
Gap down, got it.
Sell all day…got it.
Close at lows…check.
# DEVILDOG Says:
GAP DOWN open tomorrow with selling all day and closing at the LOWS. Write it DOWN.
December 4th, 2008 at 4:01 pm
Will you bet your GF and her DDs on that ?
See the close wasn’t all that bad. People here wet their pants thinking we’d be down 500 and shit.
Financials will lead the market. If builders are going to lead the market, we aren’t coming back for quite some time, imo. God’s bank, JPM was up 3% today.
Fly is right needless to say.
This market is too fucking unhealthy. Actually, let me add that the financials and oils are unhealthy. Where will the leadership come from??
DEVILDOG, I knowI know, everything is going down according to you, but there has to be some group that has relative strength, no??
I am way too tense…I need to get laid….
Hey guys, I like SHLD again. If that thing pops $140, I am back to even. Booooooyahh!
anyone think we will revisit the low? Dow 7,500?
I would say if the market collapses again, and let the panic and anger realize, the market will be better off in 2009.
it is easier to rebuild than to fix the mess. Mr. Obama should let this happen before his inauguration, then all the sorrow will be the fault of Mr. Bush.
Since Fly is unhealthy, perhaps it’s just your basic “transference?”
________
Short 2.7K RJF @ 18.84 avg.
anyone think we will revisit the low? Dow 7,500?
This market is eventually revisiting and going far lower (500-600 S&P). It’s just not going in a straight line, imo, albeit, I must admit, the bond market thinks it is. I don’t see a bottom until well into 2009.
Fly, u r so good. how about SRS?
These pretzels are making me thirsty !
.
Over time FAS/FAZ tend to lose money. These ETFs are good only for daytrading and very short-term plays. If you put them on the same graph, they’re not a mirror reflection of each other.