Joined Nov 10, 2007
23,439 Blog Posts
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What’s for lunch?
My sell in DXO yesterday was god like. I will be re-entering on a scaled in approach as we continue to pull back. First re-entry is at 3.00 and will buy each quarter down in 20% lots of the position.
Finally that POS is reacting the right way….
Whatever, I have not changed my position every day like most of you. I’m holding all my SHORTS for new market lows if not by 1/19 then by mid February. I don’t care which it occurs on as I’ll still make HUGE coin on either date. The only thing throwing off my time lines is the government buying stocks at the inflection points to keep the market up artificially. Since I’m not a central banker I don’t know when this is being done. One of these days years from now we will finally learn that this market fraud was being done by the government. Don’t forget about my REVOLUTION and GREATER GREAT DEPRESSION call as it will happen. I’m still calling for S&P 150.
DEVILDOG: Missed you yesterday but wanted to say good call on the gold short.
They are talking about a “Deep Swallower” on CNBC…
Pleased to be calling….my name is Haji!
Thieves, scams, and sociopaths=Wall Street
Anyone see that high-volume, institutional jack up on MOS to the 40’s this morning?
She’s eroding nicely now.
Meatloaf……cooked on the grill with hickory chips….???almost done….8 more minutes….
Thanks gappin. Gold DOWN to $600 on this swing then sell DZZ and buy GLD.
Fuck averaging in on DXO. Wait for $1.50 then buy.
That Rome clip is getting frayed about the edges.
Why not get the one of Maximus, double sworded, hacking heads?
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USO has a little bit left of that 1/02 gap to fill, Gappy, and then you’re gold.
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“Oil Traders are looking for another 10 supertankers” to store the stuff in (they already have 25 sitting at anchor) according to Bloomberg!
This is better than watching HBO!
My GLD, CLF and FCX are getting slobberknocked today.
One day they’re falling all over themselves to get in the global growth/cyclical/reflation trades, the next day they hate them.
Now all you Storm haters are making me worry about RIMM.
Fuck this market.
Jake I entered a small position at 3 just in case. I am prepared to hold DXO for 14-18 months in the long term if it stays too low. I sold my last position only because it ran up 50% in only a few days. I doubt we fall under the $1.90 level if it continues to pull back. My hope is it falls to the $1.90ish level and then floors there. That will allow me to get a full position.
Mr Exxon’s numbers are legion. You cannot win – resistance is futile. Mr. Exxon is America. America is Mr. Exxon.
BAH!
Bah to everything and bah again I say
Fly- Feel free to provide the entertainment at our next block party.
The neighborhood kids will love the action.
Was this posted yet?
http://www.nytimes.com/2009/01/07/nyregion/07unemployment.html?em
XOM is a corporation for terrorists.
Respec’ MON’s authoritah!!
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CAP-
you really could help a brother out now with an offer to blow yourself.
Think of it as pussy-on-a-stick, if that will help.
Soon Fly’s tax attorney will be arrested, and his income tax form will read like this:
2008 Income __$________
Less: $1.99 (four deductions)
Difference: _$____________
(Please remit difference to NYS Internal Revenue c/o Albany, NY)
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I guess Cramer talked about XOM. Anyone catch it? I just saw that chick Burnett talking stupid with him. Does she annoy anyone else, or is it just me?
Notice those pirates don’t fuck with Exxon?
You shall feel my deflationary hammer all year long.
Enjoy.
In all seriousness, the unemployment numbers on Friday will be horrendous.
Let me make this clear to y’all:
THERE ARE NO JOBS IN AMERICA RIGHT NOW.
Fly- Have you sold ABX yet?
So it is written so it shall be done:
You shall feel the ummitigated ‘roid rage of Ed HOC-huli for the remainder of this football season.
May he throw a yellow flag of unnecessary horsing about at your largest and most fleet of foot defensive lineman.
No mistake, Ed HOC-huli will see his vengeance consummated.
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Fly,
Thanks for the heads up on the 180 deal. Lovin’ this HANS short.
Damon:
You are wrong my friend.
Ed HOC-huli is looking for a spotter.
$10 an hour plus overtime, and benefits.
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BTW, my whole family works for XOM, can you find another stock to pick on.
Looks like a healthy pullback so far and highs odds it is going to bounce due to the velocity of the indicators…we will see how the market do during the close.
Who wants to put money on a WTF pattern today in the last 10 min of trading?
another suicide, this time a real estate exec from Chicago
http://online.wsj.com/article/SB123127267562558295.html
Sad.
RC — hilarity!
Please tell Fly that XOM owns refineries and other value added bidnesses.
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PNC finally rolling over, good thing I averaged down (up?) the fuck out of it. Pittsburgh will not escape the funnel. Not even a bad camera angle on their “Immaculate Buyout” can save their beloved stock. Off to warm up the 10-speed to throw pipe bombs at bridges.
Devildog, seriously, you’re made up indicators and Nostradamus predictions make you as credible as a woman on The View.
I’ll put money on some late day bullshit.
Boca — that’s kind of weird. One would think the real estate auction business would be booming right now, but maybe I’m off.
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There is always hiring going on at The Bubba Gump Shrimp Company.
Don’t ever trust:
1. Russians
2. Anyone from East block
3. Israelis (aka Jews)
4. Indians
5. Chinese
Gap,
Great call on the DXO. I had averaged in from 2.47 down to 2.09 before and got to 100k shares. I parted out on the way up with last sale 3.24.
I’m back in 25k at 3.03 and will do the same on scale. Selling puts on USO also to potentially get long it.
Jake,
Wow? $10 dollars an hour?
That’s a top-dollar job in the U.S. these days!
I think a lot of those unionized workers out there don’t know how good they have (had) it.
I’m went long a crap load of ES into the close so I’m definitely putting some money on it. Let’s se if my trading career ends today.
Anon. is a nutcake.
I prefer not to trust anybody who is anonymous.
Jake:
Please, good Sir, before you start assuming the refinery business is bountiful, do the math.
Just because their stocks have risen does not mean their EPS will be good.
I think that “anonymous” is the same guy that keeps linking klan sites on this blog.
Jeremy should see to his IP address, post haste.
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What’s good for Exxon is good for America.
Holy moly, MON is up almost 19%.
I never thought I’d see days like this with MON again.
It’s like a gigantass penny stock.
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If SP500 doesn’t hold 900 for a few days [I will short].
For now I bought sone TNA and FAS. If I am wrong easy hedge. I have some FAZ that I will cash in on next up.
Is it possible to be successful in this business and not have a big ego?? I’m just wondering because if I ever lost everything I would hope I would be humble enough to just start over and not end myself. Good grief.
Congrats Fly, you’ve been shorting XOM everyday and getting killed then you get lucky one day and you’re a god. I’d be broke if I followed your advice.
ron,
its probably becuase you don’t know how to position and manage your position, fly can take the beatings, eventually he will be right and make a ton, most will get scared out of their position and lose money.
Of all the oil companies to short, why XOM? From where I am sitting it is a shelter stock that people and institutions will run to because they have so much frickin’ cash on hand that they will at least be around once the recession is over in the year 2050 or whenever. I say short some of XOM’s weak little sisters instead.
PS – Let’s all bring back the word “frickin'” It is 70s-cool.
c, bac, msft all went down big percentage with low volume, much below their average volume, same with qld/sso.
makes this a garden variety pullback?
Fly,
What’s the “word on the Street” with ADBE, ovah heah?
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Make nice with commercial real estate….
http://www.heraldtribune.com/article/20090106/ARTICLE/901060363/2107/BUSINESS
I am up on my XOM shorts. I cannot say the same about my DUG.
Nonetheless, I am short XOM, and not others, for its stability. I do not want to get flamed by a 100% run in a smaller stock. That will never happen with XOM.