iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,460 Blog Posts

Absolute Destruction

There is no excuse for losing money. Trades go wrong. People get embedded in their ideas. Those ideas go wrong. You forget to use discipline, through cutting losses.

BAM— off with your head.

My short positions in KIM and VNO were stupid. My stubborn attitude towards the market rally did not help my prospects. Instead, it set me back a good 20%. My belief that oil stocks suck cow cock, although accurate, has done nothing but lose-me-money.

I cling to small things, like XOM being down or SRS off the days lows as justification for keeping the positions. In my head, there is no way that I can be wrong. After all, I’ve been doing this shit for years, quite successfully. Then again, in the back of my mind I realize EVERYONE fucks up. And, EVERYONE has a bad year.

Is it time for Senor Tropicana to finally fuck up and drown in a dirty puddle of commercial RE stocks? Or, will he correct his early errors and recapture his former greatness?

All of these questions, and much more, shall be answered in due time. This is like some sort of sick/twisted reality blog, starring “The Fly” and his alter ego “Horatio Clawhammer.”

For the day, I was crushed under a severe short squeeze in Commercial RE stocks, buoyed by direct government intervention in the MBS market. Rates collapsed and people ran for cover. Of course this means nothing, with reference to the long term fundamentals of the Commercial Re market.

Anyway, I bought more SRS @ $49, with a tight stop @ $48.

Also, I sold out of 75% of my FAS position, leaving my FAZ free to run. Incidentally, I made coin on all FAS buys.

I bought more VCLK. I shorted some NOV. And, finally, I initiated positions in AKAM and NITE.

Stay tuned.

NOTE: Small crap stocks gapped higher today. When shit like AMKR runs 20% in a day, watch out below. Just saying.

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101 comments

  1. Dinosaur Trader

    Hmmm… what’s you getting smoked going to do to ad rates around here?

    -DT

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  2. alphadawgg

    Quite vexing, no doubt.

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  3. The Fly

    I’ve been through it before. Time to wait it out.

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  4. CAP

    Amidst enjoying bountiful gains in FCX, SLV, POT, ROM, FTK, TNA and BTU amongst others, I foolishly decided to short KIM at $19.5. What an imbecilic move ! That along with my HIG short.

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  5. Olmantrader

    SRS has ripped me a new one also- thought it would fade along with S&P500. %$%$#@ SRS- will have to live off of my social security check the rest of the month

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  6. Dinosaur Trader

    Hey look, I’ve been there. The most important thing, is that you don’t lose your taste for kicking old men down elevator shafts… if you ever start wondering if that’s mean or something, you have a problem.

    Until then your biggest problem is your tabbed bloggers.

    -DT

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  7. chivasontherocks
    chivasontherocks

    you ask all the right questions and contemplate the different possibilities. you will be ok, as usual.

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  8. chivasontherocks
    chivasontherocks

    DT,

    fuck you.

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  9. 4fl3x

    Being that I’m from Wisconsin, I’ll offer you some cheese.

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  10. scum bucket

    cow cock?

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  11. Jakegint

    Also, I sold out of 75% of my FAS position, leaving my FAZ free to run. Incidentally, I made coin on all FAS buys.

    This I don’t get. You’ve seen what the guvvy is doing.

    Whom, exactly, do you think they are doing this FOR?

    Please promise me you’ll at least set a stop at FAS breaking $28?

    I’d hate to see your boys get the “midnight splash of alcohol” treatment from an angry Indian housewife.

    ____________

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  12. The Fly

    Bastard even went long FTK.

    Go suck your balls now.

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  13. The Fly

    I’m sorry Jake. I forgot the market is set to go higher EVERY FUCKING DAY, for as long as you live.

    I’m still long C and BAC.

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  14. T MOE

    SRS position is killing me, but I added more at 49.50.
    I believe that the XOM run up is done.
    The GS run up is done also IMO. Got stopped out on GS but not before it ripped my face off. I am going to wacth it tomorrow and may jump on it again, as I made my year shorting that bitch down to 50 last year

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  15. T MOE

    Fly-
    When is your buddy Pearlman going to start blogging

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  16. The Fly

    We are close. PPT is showing a lot of deterioration in a variety of banking sectors. And, it is rewarded small cap stocks like mad.

    I love it when the crap rises, always a sign of pending doom.

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  17. Thunderpup

    Forgive me for I have sinned. It has been 2 weeks since my last confession here. What does the latest DevilDog indicator say and did Anton ever get a haircut?

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  18. The Fly

    Top 10 stocks, by PPT

    1 AMSF 4.22 5.10 4.59 8.77% 1.77%
    2 NPK 4.22 5.10 4.59 5.28% 15.33%
    3 ORH 3.82 5.13 4.37 -1.35% 2.34%
    4 ACET 4.02 4.73 4.32 -1.59% 30.12%
    5 AVAV 4.42 4.05 4.26 -1.62% 10.08%
    6 ENSG 4.12 4.36 4.22 18.54% 13.14%
    7 OCN 4.07 4.40 4.21 -1.41% 2.93%
    8 BKR 3.92 4.55 4.18 -1.65% 6.36%
    9 APSG 4.42 3.84 4.17 -1.65% 34.08%
    10 EZPW 3.72 4.75 4.16 -1.42% 29.60%

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  19. Jakegint

    I’m sorry Jake. I forgot the market is set to go higher EVERY FUCKING DAY, for as long as you live.

    Maybe it’s just waiting for you?

    (Stealing a paraphrase from Alpha’s latest):

    When was the last time the market was down 40% in a year?

    Something to consider.

    _________

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  20. Anton Cigur

    Agreeing w/Chivas twice above.

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  21. The Fly

    Top ranked Sectors

    1 Farm & Construction Machinery 2.47 4.36 3.26 -0.23% 19.23%
    2 Home Health Care 2.52 4.27 3.26 3.14% -1.05%
    3 Shipping 2.45 4.30 3.26 -1.40% 22.99%
    4 Steel & Iron 2.30 4.55 3.25 -0.10% 10.34%
    5 Machine Tools & Accessories 2.36 4.46 3.24 3.37% 18.19%
    6 Defense/Aerospace 2.43 4.33 3.23 0.46% 9.53%
    7 Major Integrated Oil & Gas 2.11 4.79 3.21 -9.10% 8.95%
    8 Sporting Activities 2.35 4.40 3.20 2.13% 9.74%
    9 Entertainment – Diversified 2.40 4.30 3.19 1.62% 15.89%
    10 Industrial Equipment & Components 2.29 4.44 3.19 -1.41% 4.80%

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  22. The Fly

    Top ranked ETF’s

    No. Ticker Acc/Dist Price Perf. Rel. Strength Volatility Volume Final Score
    1 CSJ 5 4 5 1 3 4.22
    2 BTO 5 5 5 3 1 4.17
    3 AGG 5 4 5 1 1 3.82
    4 CYB 5 4 5 1 1 3.82
    5 MUB 5 4 5 1 1 3.82
    6 CLM 5 1 5 4 3 3.62
    7 DRR 5 4 2 3 3 3.57
    8 UUP 5 4 4 1 1 3.57
    9 LAG 3 4 3 1 4 3.42
    10 PLW 1 4 4 1 5 3.37

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  23. Original Braveflaps
    Original Braveflaps

    Time for AN Mike to come in with another classic onions and gravy moment…

    For the ‘flaps, gains in my long term holds are holding off losses from my massive but crumbling short postion. Might have to abandon the latter if this hoor market ignores employment data cum Friday.

    BRAAAAAAAVVVVVVVVVVEFLAPS!!

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  24. The Fly

    Today’s top Hybrid Score Gainers, Industry

    No. Industry Tech. Fund. Hybrid Hybrid Change – Daily Hybrid Change – Weekly
    1 Auto Dealerships 2.29 3.37 2.74 12.34% 25.53%
    2 REIT – Hotel/Motel 2.13 3.51 2.71 10.57% 29.49%
    3 Gold 2.09 3.23 2.57 10.03% 8.29%
    4 REIT – Office 1.84 3.17 2.40 9.31% 9.19%
    5 Major Airlines 2.75 2.40 2.61 9.27% 29.39%
    6 Auto Manufacturers – Major 2.02 3.07 2.49 9.25% 14.86%
    7 REIT – Industrial 1.87 3.52 2.56 8.86% 18.77%
    8 REIT – Retail 1.96 3.57 2.64 8.67% 20.19%
    9 Silver 2.04 2.83 2.38 8.62% 12.39%
    10 Photographic Equipment & Supplies 2.02 3.16 2.50 6.85% 2.68%

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  25. Jakegint

    NPK??

    LOL, that must be Merlin’s company:

    “National Presto Industries”

    Poof! I’m breaking the fug out!

    ______

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  26. The Fly

    Top Hybrid Gainers, indiv stocks

    No. Ticker Technicals Fundamentals Hybrid Score Hybrid Change – Daily Hybrid Change – Weekly
    1 SA 2.16 2.15 2.15 44.30% 36.94%
    2 MV 2.42 2.15 2.30 40.24% 5.50%
    3 NGD 2.46 2.60 2.52 35.48% 29.90%
    4 AGYS 2.17 3.13 2.57 31.79% 52.07%
    5 ADPT 2.57 3.05 2.77 31.28% 33.82%
    6 SKT 2.57 3.30 2.88 29.73% 29.73%
    7 CEA 2.47 2.60 2.52 29.23% 48.24%
    8 AMED 2.32 3.95 3.01 28.63% 3.08%
    9 AZK 2.91 3.05 2.97 28.57% 18.80%
    10 PANL 2.37 2.30 2.34 27.87% 30.00%

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  27. The Fly

    Jake

    When was the last time rates in the UK were at 1694 lows and the market went up?

    QED

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  28. hmmmmmm

    You seem to forget managing money and trading is like coaching your kid’s soccer game. You know which little fuckers can run through defenders like “Son of Pele” and which ones are daisy pickers and weak like “Son of Bill Miller” but when you are managing them by trying to get them to make the obvious star score, every child finds a way to pick their nose and fuck it up. The kid with untied shoes and earwax gloves isn’t going to steamroll everyone, but he may inadvertently kick it around every once in a while. The stars always win in the end; they just sometimes let the other fuckers have a chance to run.

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  29. Woodshedder

    The bulls here, complete with their copious schadenfreude, are going to get banded.

    If you don’t know what getting banded is, visit a farm sometime.

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  30. Freddy Krueger

    I said earlier i love gold and silver…shipping stocks…

    PPT agrees with me.

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  31. MarketRaider

    Wood, I think its time for that classic banded post to be revisited. That was great, still get a chuckle now and then when it pops into my mind whilst thinking about vengeance against the bulltards.

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  32. Freddy Krueger

    Thank you DevilDog and the bears for my 11% gain today…
    Thank you for your generosity…Very appreciated.

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  33. The Fly

    Lowest ranked Stocks, Hybrid, above $10.

    No. Ticker Hybrid Score Price
    1 ITMN 1.36 10.09
    2 CDZI 1.39 12.04
    3 NUVA 1.50 33.94
    4 SONC 1.52 11.96
    5 ABMD 1.65 15.17
    6 CELG 1.65 50.47
    7 VRUS 1.65 13.10
    8 CYBX 1.69 16.49
    9 MDAS 1.69 13.95
    10 HLS 1.76 11.43

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  34. The Fly

    Lowest Ranked Sectors, Hybrid

    No. Industry Tech. Fund. Hybrid Hybrid Change – Daily Hybrid Change – Weekly
    1 Long Distance Carriers 1.81 2.88 2.26 -0.98% 18.85%
    2 Diagnostic Substances 1.95 2.83 2.32 -2.53% 0.73%
    3 Healthcare Information Services 1.50 3.52 2.35 -12.82% -9.66%
    4 Silver 2.04 2.83 2.38 8.62% 12.39%
    5 Movie Production, Theaters 2.00 2.95 2.40 -1.13% 10.44%
    6 REIT – Office 1.84 3.17 2.40 9.31% 9.19%
    7 Regional – Southwest Banks 1.73 3.34 2.40 -2.08% -0.27%
    8 Office Supplies 2.00 3.01 2.42 -2.52% 26.85%
    9 Biotechnology 2.34 2.60 2.45 -1.49% 21.53%
    10 Regional – Pacific Banks 1.87 3.27 2.46 0.82% 5.95%

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  35. ZenProfit

    Mr. Fly:

    Stay away from train tracks:

    http://www.nytimes.com/2009/01/07/business/worldbusiness/07merckle.html?ref=business

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  36. The Fly

    Worst Peforming Sectors, Hybrid, intra-day

    No. Industry Tech. Fund. Hybrid Hybrid Change – Daily Hybrid Change – Weekly
    1 Healthcare Information Services 1.50 3.52 2.35 -12.82% -9.66%
    2 Major Integrated Oil & Gas 2.11 4.79 3.21 -9.10% 8.95%
    3 Independent Oil & Gas 2.19 4.20 3.04 -8.65% 20.14%
    4 Oil & Gas Equipment & Services 2.17 4.39 3.10 -8.59% 15.38%
    5 Oil & Gas Drilling & Exploration 2.22 3.88 2.92 -7.99% 24.99%
    6 Oil & Gas Refining & Marketing 2.36 3.97 3.04 -7.75% 26.08%
    7 Grocery Stores 1.85 3.72 2.63 -7.53% 2.18%
    8 Tobacco Products, Other 1.84 3.65 2.60 -7.17% -1.61%
    9 Oil & Gas Pipelines 2.43 3.88 3.04 -6.64% 35.90%
    10 Dairy Products 2.19 3.57 2.77 -6.22% 8.66%

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  37. Santacruzr

    The following written to a freind earlier this morning…more out of sadness than any mal-intention.
    Very glad to see your latest post Mr. Fly.
    If the following is seems harsh, it is less harsh than losing markets when you know you are capable of lopping servants heads while eating grapes of victory.

    “The Thing about Mr.Fly is…He seems a more amusing when he’s doing the right thing.
    When he sits there and bitches about this welp hoar of a market [implying IT is Wrong…Not HE] all the while shorting it and buying idiotic inverse short the market ETFs and meanwhile, the market is speaking loud and clear and throwing egregiously rotten eggs in his face…He merely comes off as a highly intelligent biased poor loser egregiously out of step with what the market has been saying.
    I still love him like the brother I never had though and assume he will eventually give up the act and get back to trading markets…instead of engaging in endless hours of mental masturbation to delight his minions.”

    Welcome back Mr. Fly.
    The first step of recovery is recognition.
    You are there.
    I’m always rooting for you…
    even when it appears I’m not.
    Shorted XLF at the close whilst my China microcaps transform from 1 PE demons into 2’s and the 4s into 8s.
    [GFRE,CSKI, HRBN, AOB and their kin]
    S.C.

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  38. The Fly

    Lowest Ranked ETFs

    12 EEV 1 1 1 2 1 1.12
    13 GDX 1 1 1 2 1 1.12
    14 ITF 1 1 1 2 1 1.12
    15 EPP 1 1 1 3 1 1.17
    16 EUM 1 1 1 3 1 1.17
    17 EWG 1 1 1 3 1 1.17
    18 FXP 1 1 1 3 1 1.17
    19 SKF 1 1 1 3 1 1.17
    20 RXL 1 1 1 3 1 1.17
    21 EEF 1 1 1 1 2 1.27
    22 DUG 1 1 1 2 2 1.32

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  39. hmmmmmm

    I rolled some nice profits from TYC calls to PNC and BCE puts.

    What say the PPT about PNC and BCE, Fly?

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  40. The Fly

    That was “sort of” kind of you SantaClaus.

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  41. chivasontherocks
    chivasontherocks

    Woody,

    most here make fun at the people on the wrong side of the trade. Fly is number one when it comes to that, but that does not mean that he rejoices when those people lose. i am sure that neither him or you do that. i don’t just like i am sure Jake does not.

    btw, what is banded?

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  42. The Fly

    PNC

    Almost a buy

    Technical Breakdown
    Accumulation/Distribution [?] 3
    Price Performance [?] 1
    Relative Strength [?] 1
    Volatility [?] 1
    Volume [?] 2
    Overall Technical Score [?] 1.78
    PPT Recommendation: Strong Sell
    Fundamental Breakdown
    Debt/Equity [?] 3
    PEG Ratio [?] 5
    Price/Book [?] 5
    Price/Sales [?] 5
    Profit Margin [?] 4
    Overall Fundamental Score [?] 4.60
    PPT Recommendation: Strong Buy
    Hybrid Score
    Hybrid Score [?] 2.96
    Historical Scores

    How has PNC scored in the past? Click here to find out.
    PPT Recommendation: Sell

    BCE
    a fucking sell

    Technical Breakdown
    Accumulation/Distribution [?] 2
    Price Performance [?] 1
    Relative Strength [?] 1
    Volatility [?] 3
    Volume [?] 1
    Overall Technical Score [?] 1.43
    PPT Recommendation: Strong Sell
    Fundamental Breakdown
    Debt/Equity [?] 4
    PEG Ratio [?] 1
    Price/Book [?] 5
    Price/Sales [?] 5
    Profit Margin [?] 5
    Overall Fundamental Score [?] 3.86
    PPT Recommendation: Buy
    Hybrid Score
    Hybrid Score [?] 2.45
    Historical Scores

    How has BCE scored in the past? Click here to find out.
    PPT Recommendation: Sell

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  43. scum bucket

    …anesthesia is a must…

    The pain caused by the burdizzo is immediately overwhelming, causing the human to collapse. Vomiting may well occur, and humans have entered a state of shock, and later coma, resulting in death from the intensity of this pain.

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  44. ottnott

    “burdizzo” is a must for the 2009 IBC dictionary update.

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  45. moneybot

    *A challenger appears*

    mwahahaha

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  46. Stuart06230

    catch yall tomorrow. good luck.

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  47. Jakegint

    When was the last time rates in the UK were at 1694 lows and the market went up?

    They were still on the gold standard then.

    Seriously, I don’t know what the flog you are talking about here, but my RBS preferreds that I bot at $5.50 and $6.00 are screaming.

    _____________

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  48. gappingandyapping
    gappingandyapping

    AA is getting smothered in chloroform. That report was devastating.

    UPDATE: Maybe Fly is winning even when he appears to be losing.

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  49. Jakegint

    The bulls here, complete with their copious schadenfreude, are going to get banded.

    I’m confused, as I’d thought you were a bull yourself, here.

    But perhaps you are neither bull, nor bear… but…

    Chicken? 😉

    _______

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  50. Bravo

    Fly, this is an epic quote:

    hmmmmmm Says:

    You seem to forget managing money and trading is like coaching your kid’s soccer game. You know which little fuckers can run through defenders like “Son of Pele” and which ones are daisy pickers and weak like “Son of Bill Miller” but when you are managing them by trying to get them to make the obvious star score, every child finds a way to pick their nose and fuck it up. The kid with untied shoes and earwax gloves isn’t going to steamroll everyone, but he may inadvertently kick it around every once in a while. The stars always win in the end; they just sometimes let the other fuckers have a chance to run.

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  51. boca

    IMHO when Fly starts posting like this, it usually comes just prior to a market turn.

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  52. Jakegint

    I still love him like the brother I never had though and assume he will eventually give up the act and get back to trading markets…instead of engaging in endless hours of mental masturbation to delight his minions.”

    What the heck do you think we come here for?

    There are plenty of dry “serious” stock picking sites, full of “serious” stock pickers who are into “trading markets.”

    In general, they suck cow balls.

    It amazes me how people can miss the value proposition in an enterprise, and yet, I see it all the time.
    ________

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  53. hmmmmmm

    Thanks Fly. I’ll see how the PPT “performs.” Also, I know you have said it is a real time system but from where does it collect the fundamental data? This is in specific reference to the PNC query you ran for me. They secured bailout money recently, but is it reflected in PPT analysis?

    Hopefully you don’t spend any more time at > 10% down from your GDP, else you’ll be Depression Trading full time.

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  54. The Fly

    Fundies are great for PNC. At the moment, the technicals are weak.

    Morningstar.

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  55. Danny

    Jake, you do come off as someone who thinks the market will never fall again (lately). Conflabbit man, you’re giddy! Who gives a lick about rbs preferreds?

    why not cite VLO for mkt strength?

    I attribute today’s strength to my wri, personally.

    Shit went up, it was a good trade. congrats. it’s the next trade that counts. I’m down 4% on AAPL, 3% on TWM, SPY short is down 2.2 odd %.

    Shed’s not a chicken.

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  56. Jakegint

    Bravo,

    “Hmmmmm” has had a number of excellent posts. Some, even better than that one.

    _______

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  57. Jakegint

    Kid,

    I’m not expecting anything but the trade that’s in front of me.

    Markets always right, right?

    Pullback makes sense, and I’m certainly expecting one.

    Given the amount of nervous dough on the sideline, however, I am not getting in front of any semi-trailers on I-64 anytime soon.

    __________

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  58. Jakegint

    Who gives a lick about rbs preferreds?

    Pay attention. This was in response to Fly’s odd comment about British interest rates in 1694 when we were discussing FAS/FAZ.

    Royal Bank of Scotland was likely the only bank existant then and today.

    I believe in 1694 it was called “MacReady’s Ale Pub and Lendery.”

    ____

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  59. Danny

    ahh. followed the convo, missed the connection. point remains though.

    In any event, I expect the pullback to be bought as well.

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  60. chivasontherocks
    chivasontherocks

    LMFAO. also liked semi-trailer stuff.

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  61. Jakegint

    In any event, I expect the pullback to be bought as well.

    You might be right on this one.

    _________

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  62. Woodshedder

    Chivas and Jake, nah I would never rejoice in anyone’s losses. I want to be clear about that. I’m just having fun, and trying to blow off some steam. I do want to add though that the bullish cacophony is becoming a little coarse (play on “chorus”) and that means a reversal is near. Plus, as Boca said, when Fly gets all pensive and humble, a reversal is imminent.

    Jake, I’m very bullish. Been that way about as long as you. However, my trades are very short term, 5-7 days
    (when they work) and so my money is placed very short, waiting on a pullback (that may not come until much higher). On the long side I’m still holding DXO and USO.

    Chivas, here is your primer on “banding.” Note the date it was written. Also note, via the comments section, that The Fly was still bullish.

    http://www.ibankcoin.com/woodshedderblog/index.php/2007/12/18/bulls-get-banded/

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  63. Oil Rally

    FTK up 100% plus in 4 days!!!!

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  64. dave

    I would get long LLY because apparently a lot of people need prozac before it’s too late.

    A former Billionaire jumped in front of a train.

    http://biz.yahoo.com/ap/090106/financial_suicides.html

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  65. Oil Rally

    In other news, I am also ghey.

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  66. BOOMER

    http://www.marketwatch.com/news/story/Alcoa-slashes-jobs-output-cope/story.aspx?guid={08ED0C6C-B492-4E1F-958A-CE2C3D30C5A5}

    Got to hand it to the AA CEO. That is one bad ass decisive muther flugger right there. Crisp. Fast. No messing around.

    “Cut cut cut cut cut, you’re fired, reduce, cut, you’re fired too, cut cut, kill it, then fire the guy who killed it, cut cut cut. Whew. Take five. Then, take the rest of your life cause you are fired too. Then I’m fired.”

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  67. Jakegint

    Good stocks that were down today:

    MON

    JNJ

    DEO

    and

    CRAAPL*

    _____________

    * (debatable)

    __

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  68. Jakegint

    Boom – link does not work.

    But let me ask a question: When was the LAST time AA ever made their number?

    1943? When they were gearing up for the invasion of Guadacanal?

    _______

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  69. Aris

    well, folks, cramer is saying that china is going to save all of us. going to rebuild their whole country overnight.

    just 2 months ago, china was ‘gone’, their accounting was ‘fake’, etc., etc., from the same guy.

    i love this show.

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  70. dave

    When you’ve got major employers cuttings 15% of a workforce in an environment with no hiring going on, it is serious.

    There is no fundamental reason for this rally. The jobless will be getting really desperate in the coming year. Unemployment insurance and maybe a part time job will not cover the bills. The fed is out of ammo and it is about to start amputating it’s own limbs to throw at the enemy.

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  71. Jakegint

    Absolute Destruction (Almost)

    ______

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  72. Employee8

    Danny: In any event, I expect the pullback to be bought as well.

    Jake: You might be right on this one.

    E8: Response of the day!

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  73. Danny

    You’re all goat fuckers

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  74. Employee8

    Boomer …. the CEO is prepping the company for takeover by BHP, RTP or RIO, viz?

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  75. Employee8

    Danny, you want to see an OEW report that will give you something to think about?

    Let me know if you want it posted here or at your humble thread and I’ll post it …. I’ll probably post it anyway!

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  76. The Contractor

    Those wing suit fuckers are certifiably insane.

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  77. mdawsz

    Don’t sweat it Fly, you’ll be back in form soon enough.

    Also Fly, this brings up a good question…will you be sending out invoices this month?

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  78. Danny

    my humble thread please.

    Then I am entitled to berate it, hehe.

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  79. Employee8

    and I am entitled to “mock losers” ….

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  80. Q4

    One Day You’re Here, Then You’re Gone – http://www.youtube.com/watch?v=f3K7eitSkQM

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  81. Freddy Krueger

    Wheres is DevilDog? im missing today’s BS and the excuse why he was wrong and why the market didnt drop like he said…Maybe hes crying and whinning about SRS…(5k @59)…Please call Cramer so he can promote for you.

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  82. Alvari40

    boca –

    I have been lurking long enough to see a couple of market turns and Fly’s reaction. I distinctly remember the big shift at the end of ’07. Fly dug his heals in on the long side kicking bears in the nuts as he was walking down the street. And then one day as if a message from god swooped down and bitch slapped his time machine into the next century, he reversed and puked up all of his longs in one colossal heave. It was disturbing and beautiful at the same time. My plan – just wait for the mighty 180 and be ready to move as quickly because he does lag a bit but when he moves, you do not want to be in his way.

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  83. Employee8

    Q4, Everything Must Go ….

    http://www.youtube.com/watch?v=8PhSnvIIRjE

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  84. gappingandyapping
    gappingandyapping

    Anyone notice that ringing tone of “Clinton, Clinton, Clinton” each time a Labamba pick is disclosed. Listen, as clear as I sit here in my raw leather couch I can tell you this man will not offer the Messiah change that people are looking for. Soon after they realize this, and trust me many I talk to that are die hard liberals are starting to, this market will go to shit in a basket… Oh by the way the libs I talk to are fucking furious about the Messiah raining down $1,000,000,000,000.00 on these EVIL corporations instead of putting that money into granola farms and solar panels. Just wait this shit will be comical, even the comedian Al Franken won’t be able to top this joke.

    But I digress, I have a meeting in the morning to slap the shit out of that bitch KIM. She is about to feel the wrath of Rick James Bitch!

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  85. gappingandyapping
    gappingandyapping

    In other news, I am ghey.

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  86. boca

    Alvari40, yes, exactly, this the first prophetic hint for the masses.

    My personal view is that crap won’t really start to hit the fan until February. I’m biased though due to excessive focusing on the retail sector.

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  87. boca

    oh gapping, you are not!

    KIM, however, yes indeedy.

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  88. Steve Jobs cough seems to worsen on days like today. It seems that I read that new bull markets are led by the crappy stuff first – not that I believe this is the beginning of a bull market. Also, the January effect is small caps outperforming. The commodities dropped like a rock and this may be the classic dead cat bounce which anyone can see from historic charts.

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  89. GW

    Stay the course….a ball can not bounce to infinity or forever….

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  90. Cuervos Laugh

    Senor Tropicana,

    What pray tell does the PPT say about ACL?
    I picked it for Cajun’s contest and have a feeling I’ll do about as well as I did in the last contest I entered.
    Thanks.

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  91. T MOE

    A little more volume today than yesterday. Being a bear I would like to see at least 400 million SPY shares trade. Still waiting for the big money to get back in the game. However with the gates in place at the hedge funds there may not be as many redemptions.

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  92. chivasontherocks
    chivasontherocks

    two day pullback should start after obama speech on thursday. failing that, pullback will start 02/30/09

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  93. Bob Brill

    chivasontherocks: subtlety 02/29/09

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  94. Danny

    “However with the gates in place at the hedge funds there may not be as many redemptions.”

    firsthand knowledge that that notion is wrong.

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  95. chivasontherocks
    chivasontherocks

    Bob Brill,

    exactly. LOL.

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  96. The Fly

    There will be no pullbacks. Only up.

    ACL

    Technical Breakdown
    Accumulation/Distribution [?] 1
    Price Performance [?] 1
    Relative Strength [?] 1
    Volatility [?] 3
    Volume [?] 3
    Overall Technical Score [?] 1.58
    PPT Recommendation: Strong Sell
    Fundamental Breakdown
    Debt/Equity [?] 5
    PEG Ratio [?] 5
    Price/Book [?] 2
    Price/Sales [?] 2
    Profit Margin [?] 5
    Overall Fundamental Score [?] 4.34
    PPT Recommendation: Strong Buy
    Hybrid Score
    Hybrid Score [?] 2.74
    Historical Scores

    How has ACL scored in the past? Click here to find out.
    PPT Recommendation: Sell

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  97. T MOE

    No pullbacks on ACL or no pullbacks of the market?

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  98. T MOE

    Sorry dumb question I did not read the prior post well

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  99. T MOE

    MON to announce tomorrow, it will interesting to see their guidance for 09

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  100. Cuervos Laugh

    Thanks sir.
    I think I’ll stay with shiny metals, and the Qsinator.
    The Japanese Yen might be swapped out for the US Peso.
    Developing…

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  101. JF

    MON looks ready for a fall

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