You expect me to gloat and brag about how much money I made in my shorts today; but you’re wrong. “The Fly” is humble in his victories and will work, with great vigor, to help his fellow neighbor find food and shelter, after his bullshit 401k plan goes to zero.
After being stepped on by asshole elephants yesterday, “The Fly” shot back with his street cannon and made truckloads of money in short XOM, short VNO, short NOV and SRS, DUG, FAZ, viz.
But I am not one to brag. Emphatically I implore my fellow neighbor to flee from oil related names, for their cap ex budgets will be sacked.
Just so you know, Horatio Clawhammer punched the teeth out of semiconductor players today, via SSG. I like my prospects shorting tech here, with Steve Jobs dead and all. It makes sense to be long SSG and REW.
In closing, no one deserves to lose money, per se. Howsoever, I will suggest, if I might do so, some of you tea bagging cow ball jugglers deserve a good grounding, and more. All of this giddy talk of run up, run up, run up, must and will be stopped, in due time.
I guaranfuckingtee the market ends the year lower than where it closed today. If I am wrong, well then, I will retire from the business of blogging—in exchange for traveling the world dressed as a Geek Squad employee.
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8769.70.
Looking forward to 12/31/09
And I’m not making any predictions… I just want to see the GeekSquad thing come off…
-DT
with a ski mask
Ballsy guarantee, but doesn’t that just mean you’d take off the black jacket?
_____
How many days in a row were you wrong? Just wondering.
“I guaranfuckingtee the market ends the year lower than where it closed today. If I am wrong, well then, I will retire from the business of blogging—in exchange for traveling the world dressed as a Geek Squad employee.”
Noted on January 7th, 2009 at 4:14 pm.
great post.
will be buying crude tomorrow. will start to build a nice size position.
will be adding to longs tomorrow.
I agree with your guarantee.
Thanks Fly.
I may need that food and shelter.
Can I have the bedroom with the private entrance?
I like my steaks medium rare.
Wrong for 3 weeks. Right for 49.
Keep betting against me. See where it gets you.
Think Best Buy will survive ’09?
Geek Squad charges too much, and Fry’s has better deals.
XOM is going to blow it’s money on acquisitions and then it will be BOOM! BOOM! out go the lights. That thing is still priced as if they will make $14B/ Q forever. I predict more pain, burdizzo type pain. Searing, jolting, puking type pain.
p/c ratios very high today.
Fry’s is the devil’s abode.
I have had more bad experiences there, stemming directly from employee incompetence, than I care to discuss.
XOM has $6 in net cash. Hardly a value.
Incompetence:
What level did we reverse from today, exactly? 944.
What level will we never see again? 960.
CAP offered to suck his own cock if his market prediction didn’t come true, and all you plan to do is dress like a Geek Squadder if your prediction fails?
lol, write it down E8.
E8 —
Wazzat??
_______
Buffett has probably been buying GS common for the last three weeks. BREEHEEHEE!!
long live da FLY!!! DOW 5000 in da house!
So you mopped the floor with your shorts but left your balls there just in case we bounce …. lol!
OEW:
“Today the market pulled back following a week long rally from SPX 857 to 944. After breaking through the 935 pivot yesterday, we expected the 912 pivot to now act as support on any pullbacks. Today’s low was 902. With a slight very short term positive divergence right at the close, the market should experience a bounce higher tomorrow.”
So you’re reading it now and hedging those bets I see …. even capitalizing on it in your post title … hahaha!
Jake, Danny said we would not see SPX 960 again … this year or ever again? Ask him!
ATVI looks nice .. all the millions fresh unemployed have time to gamble computergames now ..
oil is over. it won’t see $150 for at least a decade.
atvi was licking piper scrotum today.
Was gunna buy MO for the IRA lollipop but with all the talk of additional taxes placed there I can’t see why an unemployed car salesman wouldn’t give up butts and take up butts (porn) or drinking (cheaper) unless he is suicidal…
E8, please, if you’re so inclined, start a blog.
BREEHEEHEE!!
I don’t know why, but I find the above onomatopoeia particularly disturbing.
_________
eh, too staccato for my taste Jake.
E8, please, if you’re so inclined, start a blog.
Suggested Title:
Ahh, Nah he DINT!!?
_______
http://www.thestreet.com/_yahoo/funds/stoptrading/10456596.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
cramer called that oil has peaked .. that fucker got a point today …
LOL
Junglee:
Which…
piper?
__
look, I’m not going to waste my time starting arguments.
Basically, like it or lump it, elliot wave is gay.
Jake, that piper shit was funny.
Ya know which one Jake is partial to … the danglng participle
and according to Danny, Elliot too, though in a non-manly way, odd no?
off to hard rock, to play no limit hold’em with my son.
Net cash is a bullshit metric for XOM. How much black gold are they sitting on, even at $5 a barrel? Not saying the stock is a value play right here, but it’s hardly some inflated piece of shit either.
Feds arrest 2 Winnetka futures dealers on fraud charges
Tribune staff reporter
3:17 PM CST, January 7, 2009
Federal agents arrested two top executives of a Winnetka foreign-exchange futures dealer that collapsed over a year ago on federal fraud charges, the Justice Department disclosed Wednesday.
Both men were principals with One World Capital Group, which was effectively shut down in December of 2007 when the Commodity Futures Trade Commission ? responding to a growing chorus of complaints from customers who said they’d been unable to withdraw funds from their accounts — obtained a court order that froze One World’s assets and barred the troubled foreign-currency trader from further trading activity.
Wednesday’s actions, including agents’ execution of “search and seizure” warrants at both officials’ homes, represent the first criminal charges to emerge from the company’s failure.
FBI agents arrested One World founder John E. Walsh at his Lake Forest home this morning, U.S. Attorney Patrick Fitzgerald’s office said in a Wednesday statement.
Another One World principal, 43-year-old Charles G. Martin, of Glencoe, was arrested last night in the Los Angeles area. The government calls Martin a “de facto” official of the currency-trading concern, although he was prohibited from holding a position with the company.
A criminal complaint unsealed this morning charges both men with one count of wire fraud each, for improperly diverting to their own use customer funds that were supposed to be invested in foreign-currency trades.
The two men used customer funds they had misappropriated “to finance a lavish and extravagant lifestyle,” racking up huge sums on corporate credit cards largely paid for by the company, the government’s criminal complaint says.
Martin charged over $1 million “at a strip club and restaurants” over the course of 20 months, the government says, spent $50,000 at toy stores, and used his company credit card to finance $280,000 in jewelry-store purchases.
In addition, the complaint says that Martin and Walsh used hundreds of thousands of dollars they had diverted from One World to finance a never-released movie entitled “Order of Redemption.”
The company, founded in 2006, hit turbulence in the spring of 2007, the government notes, when the National Futures Association found improprieties in the course of an audit.
The fallout from that audit sparked a rise in the number of customers who sought the return of money they had invested, the complaint notes, but the firm couldn’t honor those requests because the two men had allegedly been dipping into margin funds as part of their misappropriation scheme.
Based on the company’s refusal to honor those customer redemption requests, the federal regulatory agency known as the Commodity Futures Trading Commission filed a civil complaint against One World and Walsh in Chicago federal court in mid-December, 2007. That litigation led to the asset freeze that has been in place for the past year.
Martin charged over $1 million “at a strip club and restaurants” over the course of 20 months, the government says, spent $50,000 at toy stores, and used his company credit card to finance $280,000 in jewelry-store purchases.
!!!!!!!!!!!!!!!!!!
I hear ya Larry Flint…….
off to hard rock, to play no limit hold’em with my son.
Are you in Vegas right now??
________
punyandy, at $5 / bbl they are sitting on zero oil.
Yes – http://www.youtube.com/watch?v=nXPT8sw_FjU
Larry Flint just officially requested 5 billion from TARP funds…..according to Fast Money……just now
Check this out!!!!!
A short one minute video of Paulson, Bush, and Big Ben.
Prepared by The Fly’s Southern Buddy….
http://www.youtube.com/watch?v=PGTzLRI6NVU&feature=channel
LMAO!!!!!!!!
LOL @ that video!!!!
Every time I push the “Genius” button on my ipod, all it does is go to the ibankcoin home page. Is that some kind of bug?
“I guaranfuckingtee the market ends the year lower than where it closed today. If I am wrong, well then, I will retire from the business of blogging”
Wow that took guts!
I like a man who will put up or shut up….
Another fact to remember:
“Keep betting against me. See where it gets you.”
That gives me goose bumps!
.
FYI Jake re refiners ….
Bloomberg interviewee (FBR Analist) on now says refiners have no liquidity and will sell their entire inventories (at a loss if need be) to raise cash to re-establish credit lines. Something about being penalized tax-wise for storing product also works into their decision.
a) fly is god
b) i’d go with the second piper, jake; classic.
c) what the hell: fxp
That video is hilarious.
scum,
i read the wiki on burdizzo yesterday. can’t help but squirm everytime i see that word now. makes me physically sick. hilariously painful expression.
We are about to sell off like you have never seen, DEVILDOG is going to have his day tomorrow and Friday as long as that faggot Limo homo Obama doesn’t start raining down dollars like a G up in da club.
#
#
M Today 07:12pm
Macy’s Inc WSJ reports that the company plans to close 10 locations- Company expected to make an announcement as early as tomorrow
#
Today 07:12pm
(US) According to data from Deutsche bank delinquencies on commercial mortgages sold as bonds nearly doubled during the past 3 months to about 1.2% – WSJ
everytime assholes like yapping makes declarations like his, the market does fine the next day.
j-daddy – Burdizzo’s are MUCH more intimidating in person. Maybe you should check out your local 4-H club and look one up? ouch! 🙂
Hey assholes, Donny sent this msg via his iPhone from the beach. Maui sure is nice at this time of the year.
Sooners = Victory
this will be your last year blogging
Donny,
my son is a graduate of UF. so go gators. have fun and enjoy.
Captain: Don’t be so sure this time, shit is fucked now. What happens when banks need more money, what happens when munis just don’t get any bids period. What happens when a shithole like Detroit runs out of toilet paper? Well let me tell you more shit piles up.
http://www.clickondetroit.com/news/18430596/detail.html
Buy at all cost if you think we are going higher but when the jobs number prints 800,000 on Friday you will need toilet paper yourself.
gappin, good shit. Let the REVOLUTION begin.
3-4 bedroom homes selling for $9000-$10,000 in Detroit.
There is no way housing has bottomed.
http://www.realtor.com/search/searchresults.aspx?loc=detroit%2cmi&mnp=9000&mxp=10000
Sir Flyalot –
This chatter about burdizzos must stop. While you are a metaphoric de-baller of the first order, and while your many followers (myself included) hope only to put our tiny naked feet into your giant bloody footprints, I’d travel the world in an orange Wal-Mart vest if even one of the foul-mouthed motherfuckers reading or writing on this site has literally de-balled anything in his life.
I have. And trust me, the pain inflicted by a burdizzo is nothing compared to the agonies of the infant boar hogs whose testicles we removed with razor blades.
Yours,
The Real Stumpy
I have been saying the same thing about AMZN and APPL.
The bagholders from 88 refuse to listen. Flying saucers, hormone problems and cooked books. Fuck em.
BOOMER- Saw a travel channel show a few hours ago and they featured breakfast places. They highlighted the Loveless Cafe and the Pancake Pantry in Nashville. Looked real good.
Sooners are Gator bait.
detroit is like the real gotham city. very few rich and a shit ton of poor people, not to mention its dangerous as all hell. they need batman.
How is your traffic FLY. Word on the street is that blogs are slow right now and not getting as many hits-Top tier blogs that is.
I wonder why.
Worse than that. Parts of Detroit reminds me of downtown Baghdad. I flew into the Detroit airport to drive to Windsor for a golf tournament and they took traffic off the Interstate for about six miles onto Michigan Ave. before connecting up in downtown Detroit. I swear I some jihadists ruuning around. If I was Jewish,Hindu,Buddhist, or even Christian I would get the hell out of Detroitstein.
The trend in Alexa is up Ass Mike. Those could be cooked numbers though.
TC, let me know when you are in Franklin, I’ll come say hi.
Ass Napkin –
http://www.sitemeter.com/?a=stats&s=s13jogon&r=36
http://www.alexa.com/data/details/traffic_details/ibankcoin.com/flyblog/index.php/2009/01/07/scientifically-youre-fucked#comment-79485
Yours,
The Real Stumpy
good article in barrons, this guy usually has good realistic observations
http://online.barrons.com/article/SB123128241974558843.html?mod=9_0002_b_online_exclusives_weekday_r1
OK good deal, but I’m not sure when as my son graduates in May (was playing in Vanderbilt’s tournament in Franklin the last few years) and will be turning pro over the summer. Hopefully the next time I am in Tenn. it will be at the Fed Ex Open (Memphis).
In my opinion, today’s action was healthy if you consider the extreme overbought levels and the run up from the low of Nov 21, 2008. For example, Shipping Index went up 38.53% since the low and dropped -4.98% today, Semis- Memory Chips ran up 106% and dropped -3.27% today, Long Term Care Facilities ran up 82% and dropped -2.75%, Silver ran up 71% and dropped -8.51%. And some of my indicators are already halfway from the top of the range and the middle in just 1 day, giving a impression of a churning, not a drop. Tomorrow’s action, volume and if the indices hold the 20ma and 50ma and bounce up or drop below the ma’s will give a clue what Mr Market is doing…
The Sooners are dangerous, we’ll see.
Stumpy, it’s hard to fill a slop bucket with baby boar ballz. Practice this slogan: Always Low Prices, Always.
Real Stumpy, I’ve eaten Rocky Mountain Oysters, does that count? Very tasty and tender meat in tacos btw.
SEC always wins. Go Gators!
iBC traffic hit an all-time high last month. We are simply eating the competition.
In December, mind you, which is typically a slow month for blogs.
boca –
Did you harvest them?
The Real Stumpy
I’ve never had trouble with Fry’s employees because I don’t ask them questions. They don’t know what the hell they’re talking about. But then again, neither do most of the employees at Best Buy. I’d rather pay less and do my own research, rather than pay large fees for others’ incompetence.
This really happened:
“I call on the phone before going…can you tell me if you have XYZ part?
Yes we have it.
Ok, I’m driving there.
I get there.
Excuse me, where is XYZ part…what aisle?
Aisle 11.
walking around aisle 11 for 15 mins.
Asks asshole #2, where is XYZ part.
Asshole #2: Lemme look in the computer…..nope we dont carry that.
Several people here said you did…Why?
I don’t know. We don’t.
Fuck Fry’s.