Of course it can. But, hating Jim Cramer, for his lying ways, can lose you money too.
For example: if you have the dishonorable privilege of reading realmoney.com, you might want to take a fucking howitzer and unload shells on the TSCM HQ, then go short stocks—just because Cramer likes them.
Forget about Cramer. Tune out the noise and listen very quietly. Listen to the rattling chains of zombie stocks, attempting to break loose; then grab hold of them.
Personally, I’ve been trapped inside an idiot box, for the better half of 3 weeks, waiting for some sort of decline. Much to my chagrin, downside trades don’t work, when the markets gap higher 26 fucking percent in a few short weeks.
At any rate, the current trend is up. But, at the same time, the underlying fundies are “gasoline gay.”
With that in mind, cut yourself a clean slate. Get long some cheap names, like AKAM, VCLK, NITE, or even some C. However, be sure to keep some shorts on the sheets and ample amounts of cash.
In this environment, I suggest having no less than 25% in cash.
Back to hate.
I hate all sorts of things, from tanning salons to the perfume section at M. However, that doesn’t stop me from banking coin in light bulb companies, now does it?
I didn’t think so.
At the moment, most unfortunately, my love for America is losing me money, via oil shorts. Look, if I harbored hatred for my country, I’d be buying barrels of oil right now, while burning American flags with Cuban cigars.
Here’s the point:
If you hate America, you can make some serious coin, right about now. Press your blade on the necks of American citizens, via buying commodity stocks, and you will see what I mean. However, remember, there are still a few patriots out there, myself included, who are dedicated to stopping you and saving this great nation, in the process.
God Bless America, you commy bastards.
NOTE: Some patriots I know are short XOM and NOV.
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fly’s alter ego:
http://www.youtube.com/watch?v=FwsntHcWiy4
eh. watching the apple keynote.
SMN lower lows.This bitch can’t get any traction.
anyone want to partake in a fun filled contest?
Combat rules:
Never short the hole.
Don’t fight the fed
Keep your powder dry
Don’t take any wooden nickels
That is all
What’s the contest?
he just said “never fight the fed.”
lol
Citadel’s main hedge fund dropped an estimated 53% in 2008 – DJ
But your money is locked in.
Ridiculous.
Fly I’m in.
I good contest sounds like fun.
If the gates were not in place at a lot of these Hedge Funds. We would see a lot more redemptions
can’t hold money in forever.
sure they can
I got a bad case of food poisoning at IHOP this morning
Look Fly … this is your house et al .. but shorting oil et al, after a decline from 147 to 33 is rookie. Sure, its had a decent bounce but ask Jake the fibber … it will likely retrace at least 25% of that decline which would put it 60-65.
Hey, this trade may work for a couple points, but you trying to pick up nickels in front of a bulldozer driven by terrorists who don’t respect their own lives much less yours.
Fly I think you put your money where your politics are regardless of what the market is doing. You buy on your beliefs…it seems. Nothing wrong with that, many people do. Lots of people buy solar stocks for the same reason or short oil becus they want all of America to drive electric cars. Shorting oil is a big ‘ lefty’ play and it seems a Fly play as well.
Why cant we support ‘ American oil and gas’ and buy those stocks? I own only American generated oil/gas stocks that support American jobs and corporations.
Just a thought.
GS up another $1.50 today. If that bitch goes to $95 I am going to go short big time and look to piss on the longs
Most of the money that has not sold into this crash are longterm forever money (ie pensions and endowments.) They are the market and they’ll be shooting themselves in the head if they sell.
I did not short oil at $33. I shorted XOM at $82.
There’s a diff.
Fuck off.
Fly –
What about the contest?
fly you should know that xom makes money from its other business when oil loses money as it becomes more profitable. good thing though that xom is not very volatile and rather weak rigght now and at resistance
What other businesses?
Capital One- COF- is starting to look over bought, and defaults are on the rise in the credit card arena
HIG chopping my balls off. Who was it that said that HIG was going to zero. Did they mean one zero zero ie $100 ?
You’ve been fucking with DUG since oil went sub 40… Tim Knight can’t keep his hands off DUG either. So you & your gay internet lover/hater think alike
short XOM at 82 is another story … a good idea particularly paired against some trashed oil play like TXCO or some other piece of january effect trash play
Please continue, I enjoy watching a man laugh while Bernanke rips his face off.
Can I be in the contest?
Can I?
Can I? Huh?
Done daytrading for the day.
Thanks SMH.
Off to the golf course. 85 degrees and no clouds.
http://www.youtube.com/watch?v=s8MDNFaGfT4
CAP -= Reggie Middleton thinks HIG should be 1/2 its current price .. not necessarily zero
http://boombustblog.com/index.php/20081122695/Insurance-sector-Actionable-Intelligence-Note-made-public.html
Fuck yeah, PBnJ time!
FLY:
May I trouble you for the PPT numbers on AFAM?
I believe there are a few million shares short on an 8 million share float.
I believe these shorts could get their faces ripped off here!!
LOL.
Bill Feingold
12:05:00 PM
No positions in stocks mentioned.
More on the ultra inverse funds
I’m home nursing a bad cold that’s been coursing through the family, so I don’t have access to the better financial data I have on my office computer. Still, I could not help doing some quick eyeballing of the past 12 months’ relative performance for SKF and DUG, the ultra-inverse (double-short) ETF’s for financials and energy respectively.
SKF: With most relevant financial benchmarks down about 50% over the period, this ultra-inverse fund is actually down small. A misguided buy-and-holder would have expected it to double.
DUG: With energy stocks down about a third, this ultra-inverse fund has actually fallen by about 40%!!!
Prof. Macke correctly pointed out that this type of observation is not exactly news. Still, I think these numbers are stunning and should show Minyans and non-Minyans alike that these trades are absolutely, categorically, unequivocally to be done only in the shortest of short terms to capture trending markets.
Con-test …
Con-test! …
CON-TEST !!!
Just about sums up this current bull run we’re having…at least for me.
http://www.youtube.com/watch?v=7ot6ZIzaXtg
How’s that energy short working?
Fly Madoff will be up 9% at days end though. LMFAO
Fly, you think short NOV is wise here with that $40 gap overhead? I am short 1000 shares @ 30.4 but beginning to rethink this trade. The only thing on its side is the unfilled gap up.
T MOE caused the oil reversal today when he told everyone to get in the funnel…thanks T MOE. Maybe T MOE should open his own blog called ispankgroin.com
Sully
Fly I would be happy to make an internet wager that Kensington and Wellington are up 30+% this year when spreads narrow. Any takers?
Bear’s throats slashed again…and again
SRS down
DUG down
Thats what you get for fighting the tape
The problem now is the massive malinvestment in the econmy. So what to do?
every US state is now bankrupt.
the tax rev lossess are ama\zing
so what to do from this poit
cut gov jobs hard.
why am I fucking with this, you wanna know what really happens
the debt problem goes out of control.
It becomes unpayable, two outcomes, we destry the world, or it destroys us.
only way left to resovle debt,
now if you could just tell me where to find the computer map. I could make it pretty for you., other than that we are dead
makes sense to me, ask if your confused
As long as it ain’t the CNBC Million buck portfolio contest.
the usa is fucked on jan 26 , when the usa has make its next debr payment, we aint got the cash and we are fucked
Anyone know what Cramer’s returns for 2008 were? I heard it was around -30%. anyone got a link or came up with something like that?
you can talk your bullshit stock char till then, but it is all dead when the USA defaults
stopped out of AAPL @ 95
so like get short and get out is the plan
Still laughing at Fly’s ‘short ERX at $27″ call
He sounds like Henry Blogett circa March 2000
i’m not from new york but I was telling
this guy the other day. NY made like 40B from wall steet last year.
If we are lucky we might get 5B next year
Fly:
Were you not short XOM from 82, then it dropped to 73, and you still held onto that short back to 81 area?
Poof your tax base is gone
The volume missing from this market will pile in on Friday with the sick jobs data.
Fly and DD will be wearing silken robes all weekend, lighting stogies off the faces of oil longs.
http://www.nytimes.com/2009/01/05/opinion/05krugman.html?_r=3
Ahhh, this sucks. I’ve been pedaling hard all morning to make like fuckin forty bucks. Could make better money panhandling, fer Chrissakes.
TBT just got dry boned in the brown eye.
now I dont want tell you what that means for govt loving bottem suckers, but I think death is the correct word
time to get a job and be usefull citizen
Chivas —
PB&J is my three year old’s favorite food, and that has now become his favorite vid.
_________
BTW — Ed HOC-kule is breaking the futs out.
Adding to my fourth refiner here.
(BTW — for T-MOE and Fly — XOM also does refining)
____________
THE VOICE OF RESON=FLY.
“then go short stocks—just because Cramer likes them.
Forget about Cramer. Tune out the noise and listen very quietly. Listen to the rattling chains of zombie stocks, attempting to break loose; then grab hold of them.”
Supplies of Russian gas via Ukraine were halted today. That gas goes to Bulgaria, Turkey Greece and Macedonia. The day before Russia reduced gas flows to Europe during one of their worst cold seasons.
Russia is using its resources as a bully to control and intimidate it’s neighbors.
Oil and Gas are used as weapons all across the globe.
It’s a commodity that is more valuable than gold, in my opinion regardless of where it trades.
There is going to be a lot more trouble in the years to come concerning oil and gas.
The best solution is to ‘produce your own energy here at home’ in as many ways as possible.
bought AAPL back 93.38
SLV taking off. GLD taking off. FCX taking off. Ah its just another day in my harem with my 72 virgins.
Stupid beartards are just getting thrashed.
NOTE: Fuck you AAPL
Resume conference.
all this time with them, ARE THEY STILL VIRGIN?
Holy Shit US Gyp. What is going on there? (USG that is)
Jake,
how many kids do you have?
How can being negative on AAPL be a favorable bet here?
I could see fading the opening strength but i’d stay long in the 90’s
Buy low – sell high. What is good for America is good for Exxon-Mobil. The check is in the mail.
Yeah! Fuck You AAPL!
C —
One more than you, but the same amount of boys.
_______
Ed HOC-kule is taking off his shirt!
Come feel his muscles, or receive a fifteen yard unsportsmanlike penalty!
Your call!
_______
Fly that slut Kim is punching your mustache off!
srs is getting fucked
http://www.rallymonkey.com/video/kenindex.swf
Sold NOV @ 31.02 …
Sold CLF at 31.48…
SPG, VNO on a rip. SRS is getting killed, and will continue to get bashed as money chases yield…Fuck SRS….
All Americans support Exxon-Mobil by filling up at today’s low prices. Now, let all Americans climb this wall of worry by buying them stocks.
Not only is KIM, btfo, but we just got word that they heard Fly was shorting them and now Mrs. Fly can’t even shop at her local (KIM landlorded) Pathmark.
Now, she must do all her shopping at over-priced Satriales in East Orange.
__________
I like what I see in TBT. It turned negative before the fed minutes came out. They did mention potentialy buying long dated Treasuries to bring the yeild down but now TBT is back in the green. Moving up on what should be bad news, very bullish……
Also anyone have thoughts on MBB? If the fed is going to buy $500B of MBS this should do well.
Long AAPL at 93.749
My AIPC is ripping!
Hey Fly –
KIM. Aargh. Do you ever hedge shorts with calls? If no, why not?
The Real Stumpy
then again so is my SWHC, AFAM, & AKAM,(i guess thats FLY’s AKAM)
SWHC looks like it could easily rip over $3
Fly, still got WNR?
About to BTFO with his friend, Ed HOC-kule.
________
Fly,
Oil gonna bend you over a chair.