I’m might buy a little SRS into the bell. I know many of you horse fuckers will stay long, hoping to hit the Obama inauguration lottery. However, just know this, stocks always trade down on inauguration day.
The remnants of my investments consist of small FAZ, EEV, REW and long VCLK, PFE, NITE positions. I’m thinking, I really need to apply myself here, in an effort to nail the next trade.
The catalyst for higher prices today was the BAC bailout. But, if you look at all of the bank stocks, they’re all down. Therefore, this rally is made from shit and sand.
Ideally, I will get printed on my SRS purchase, sub $60.
If you are long crude, via DXO or UCO, it makes sense to hedge that with a DUG position. I realize that trade is not working today; but eventually it will.
In closing, if a shot gun was put to my head, in order to extract one stock pick, I’d say: “shoot me sir if you must, but before you do, get short that bitch KIM.”
BAM-UPDATE: Got my fucking print: I bought 2,000 SRS @ $58.85
If you enjoy the content at iBankCoin, please follow us on Twitter
Don’t overtrade Senior Tropicana.
Even Blogfathers need a rest.
God is winged insect.
I grabbed SRS at 61.40 off of a Fibo retracement point… If I my respectfully say, however, watch yourself ; the financial iETFs are beginning to top out.
ZM
BEARS … you may want to think about covering right now, and/or selling your iETFs.
The banks have already reported earnings … they’ve already been bailed out … they’ve already been downgraded by the rating agencies. I guess what I’m saying, it ain’t gonna get much worse in the near future. All the news is out. I think we’re gonna rally.
Something to chew on.
grabbed me some SRS at 59.44. We shall see.
Bought 1300 SRS @ 58.85 due to you. My first “FLY copy” trade as you’ve been on fire of late. It’s funny how we got the same print.
What happened to not buying inverse ETFs again?
Feb oil contract rolling off today, Mar contract will become front month. Closed today at $42.54. Some oil stocks may see some upward pressure from this.
More good news for bulls on Drudge headline:
http://www.drudgereport.com/
That was a quick retirement…lol
Man, this depression is sparing no one. Even Plutonium Petey can’t stay retired.
What are some thoughts on C and GE going into the big speech ?
However, just know this, stocks always trade down on inauguration day.
How many brothas you seen inaugurated, Cleotis?
_______
SRS never went below 59.54 in today’s tape. May God bless you all.
Went short at the close. JPM, God’s bank, looks sickly. No way the market goes up if JPM is getting kicked in the gut.
Cali out of money, zero shipping rates, stocks at 20 PE relative to their currently projected earnings trough. Pension funds getting ready to break their promises.
Bulls are doomed.
Fly, you ready for the early bird special at Golden Corral?
And don’t forget the coupons this time. We need to keep up our energy for the shuffleboard tournament tomorrow.
after hours cool guy
Makala-
my bad.59.94 not 44. Thanks for catching that.
Trying to choose… was THIS the Drudge headline that has Fly worried?
________
What’s up with SRS’s swan dive that it seems inclined to perform into the close on a daily basis. Compared to say SKF, SRS is acting like shit. Maybe because I am long SRS? This gay ass ETF is the plaything of tight green leotard wearing men.
Why trade UCO and DXO when USO has way more volume than both of those.
That was Boy George?
What the hell happened to him?
MarketRaider
What’s up with SRS’s swan dive that it seems inclined to perform into the close on a daily basis. Compared to say SKF, SRS is acting like shit. Maybe because I am long SRS?
===============
solution – next time buy at the close
Donny,
I totally agree with you….maybe Fly is drinking DevilDog’s kool aid…
Its a market cycle. Plain and simple.
On the lighter side, U2 will world premiere their new single on radio across the USA on Monday. I hear it may be available for purchase on iTunes then too.
Moober,
wtf?
I like U2
Malaka:
That’s an idiotic lie. It traded in the 58’s in the last 5 mins.
Fly’s mind is on throwing ham at howard. Inauguration day the market will trade up. Don’t forget Obama is “the One”
Here, I will never do this again. Part of my SRS execution:
Proc. Date Trade Date Account Short Name Category Security Description Symbol/Cusip Buy/Sell Quantity Price/Type Comm/Sales Cr. Fees Issue Curr Trans Net Amt Principal Interest Base Net Amt ISIN IP#
01/16/2009 01/16/2009 PROSHARES ULTRASHORT REAL ESTATE SRS B 200.0000 58.845 11,769.00
Fly and IBC have a great weeekend.
Fly I’m disappointed that you have decided to retire after your obvious big screen success. Hey I can’t really expect you to stay here– entertaining a bunch of retards when you can banking coin in Hollywood. Tell Howard and Adam Sandler hello.
Shroomz – what? you don’t like the small talk?
I’m with you on that SRS trade. Got some last minute at 58.9449 basis. Thanks for confirming what I was thinking.
why does it show 200? (vs 2000)
Malaka, you’re an idiot. Here’s my SRS confirm:
Trade Date: 01/16/2009
Settle Date: 01/22/2009
Action: Buy
Quantity: 1300.0000
Price: $58.853000
Principal: -$76,508.90
Accrued Interest: 0.00
Commission: $8.95
He said “part” of his excecution.
Professor you’re an idiot too. I thought Professors knew how to read. He said it was part of his SRS execution.
All eyes on BIDU……
ok, do not get so angry at people who ask questions. Just because it says “Part” does not prove that the entire trade was for 2000 shares. It could have been as well for 250 for all we know.
The energy names are fucking crazy. XOM is a beast. I had to cover a little today and take some gains off the table. But will continue to hold a small short positions just out of hatred for everything XOM
After today’s market behavior with the shit that happened to the banks, I’m calling an Inauguration day rally!
Moober —
WTF is up with these Gaylords??
__________
Holy crap, Tony Brown really is a freaking penguin keeper*!
__________
*(Actual insult used in my all-boys Catholic high school, as in “fuck off, Penguin Keeper!”)
__________
“Listen up you stinkin’ maggots! It seems you just don’t get it! Well, I’ve been appointed to inform you: your days are numbered! You would crawl, you would scream, if you’d seen half the things I’ve seen…” Clutch
Time is up little men.
Are we seriously going to sink to proving our trades to doubting trolls? The Fly should not need to come down to their pea-brained level.
I bought back QLD and BGU today.
Gaylord has notoriously poor mgmt, round town. Second, only to Gibson Guitars. Third place, Genesco.
My dream is to LBO Gibson.
Someday…
__
Thank god Battle Star Galactica is finally back on.
Theres a complete run starting now of all the shows leading up to the last one last year and the new series starts tonight 9 central 10 eastern.
I love that show! Its the only show on television I had really liked in a long time. Although I was a Stargate SG1 fan….
BSG FRACKIN’ ROCKS!
Will be spending all my Friday nights with a glass of Pinot Noir and BSG! till of course they end….which is in a month or so.
Ghessh why on earth would they end the best SCI FI show of all time? Rumor was it was extremely expensive to produce. If the Scifi channel couldnt handle the budget why not turn it over to HBO or something?
Okay off I am off to see what the FRAK they are going to do now that they have landed on earth and there is nothing there but super-size atomozied destruction. The final Cylon is revealed tonight.
.
Get It On – http://www.youtube.com/watch?v=exvrLSt8b1o
This is not a good sign for BKS, I expected in-store sales to be down but not to see the website sales down over 10 percent (I’m assuming that they mean down 11 percent in dollars not in unit sales). Plus they’ve always been strong in publishing their own product and now they’re laying off in publishing.
http://www.mediabistro.com/galleycat/bookselling/barnes_noble_cuts_nearly_100_employees_105930.asp
A grim first quarter awaits us.
Sorry I can’t get that url to wrap to the next line.
Yeah Battlestar Galactica will be must see TV for me.
Vince ShamWOW! on cnbc.com homepage!
Jake,
I can only hope GET gets gotten. As for Gibson, the old gray mare ain’t what she used to be.
OOOOOPS….
‘Officials at the Treasury, Federal Reserve and Federal Deposit Insurance Corp., in consultation with the incoming Obama administration, are discussing a range of options, according to government and transition officials. One plan would create a government bank that would buy up bad assets.’ WSJ
Monday look a little bullish…jaja
I see the Obama Rally coming….Let me help you smoke the Obama Rally with Cuban Cigars and Mojitos…Mr Tropicana…
another view on BKS which caught an upgrade from JPM to neutral
http://biz.yahoo.com/ap/090116/barnes_noble_analyst_note.html?.v=1
still their low sales are a bad sign for online retail in general…
The Drudge Report has to be the ugliest site I’ve ever seen.
I suppose that’s the intent but ugh.
@boca
Hey, it’s all the online competitors they have to deal with that kills their bottom line.
I remember reading years ago that they spent upwards of $1Bln to get an online store to compete with Amazon back in the early years of the century.
Epic fail on most bookstore chains.
OMG Lady G likes BSG. What a babe. Now if she was only a cheerleader like she initially said before.
The Fly at the end of a normal day of trading.
http://www.youtube.com/watch?v=sMZwZiU0kKs
‘Officials at the Federal Reserve and other agencies are focusing on the option of setting up a so-called bad bank that would acquire hundreds of billions of dollars of troubled securities now held by lenders. That may allow banks to reduce write-offs, free up capital and begin to increase lending.’
Source of Funds
The Senate yesterday voted to allow the release of the remaining $350 billion from the Treasury’s financial-rescue fund, giving Obama a source of funds to implement a new bank program.
Im ready for Monday…sniper rifle locked and loaded…Artillery ready…
Jake – I’ll run it for you. At least marketing. Ever see Gibson PURE campaign or Epiphone rebranding? Yours truly + a team.
cuervo, yes, epic fail especially for Borders. I heard they’ve been looking for a buyer for a while. I think Barnes and Noble will survive though.
pay attention, omg Fat Boy Slim and Christopher Walken together, never saw that before. Walken is HOT in that video.
Jake
lol
boy george, ain’t no boy
Fly,
We believe you. F the naysayers
But Lady G, Blazing Saddles is on AMC now …
Edit function isn’t working…
More the Epi stuff than PURE. You can see the Epi stuff in this reel, it flashes by. Company abandoned it pretty quick in favor of T&A. Too bad, so sad.
http://core11.com/2008/index.html
Que fardo estqu se Fly mui escapadee lol
http://www.foxbusiness.com/story/markets/fed-rejects-fbn-request-federal-loans-information/
Fed refuses FBN request for details of bank borrowings. FBN lawyers insist they are going to pursue this in the court system. FRB fears releasing info will hurt the troubled banks and stymie their attempts at recovery …
Good Luck FBN, hope you have deep pockets and are prepared to wait until the depression is over.
Note: Stymie is an old golf term … TC knows for sure
Those December economic numbers look like someone fell off a cliff – like someone hit a brick wall – like someone turned the lights out. Bad! Really bad.
The Fly at the end of a normal day of trading.
that is classic. LOL
Vincenzo
Ban that little attention seeking punk, Sykes.
Finishing up dinner at some high end eatery.
Thanks
Fly’s retirarse e fatigado/
ser delicado…confundido a bolsa
Freddy K, you’ll be waiting awhile, market’s closed Monday.
Lady G:
Get ready to have your mind blown. BSG final season is going to be off the hook! Been watching the marathon all-day, so I’m ready to get some answers finally.
I love the fact that they left out the ‘big reveal’ even from the preview DVD that the critics were given.
http://io9.com/5132716/sanitized-battlestar-galactica-screener-riles-up-critics
‘the Bull Says:
Freddy K, you’ll be waiting awhile, market’s closed Monday.’
My mistake, i saw the headline, posted here and forgot the holiday…damn mojitos…
The Fed likes to do stuff like that during 3 day weekend…no wonder…
“The Senate yesterday voted to allow the release of the remaining $350 billion from the Treasury’s financial-rescue fund, giving Obama a source of funds to implement a new bank program.”…
and they wait until the market is closed to release the news…
pay attention: I can’t believe that was C.Walken. Great video.
Hey Fly, I remember you posting a while back in the comment section about how you scale in/out of trades. I can’t seem to find it. Can you talk about it again?
For example, if you had $100,000. What kind of position sizes would you use? I think last time you used an example of MOS and said you would split it up into thirds. Scale in every point. Like buy at $30, 29, 28. Is that right? And what kind of position size would you use? 5%, 10%, 15%?
Thanks!
Cylon base ship surround us time to kick ass….laura roslin holds the fate of humanity in her hands. will she save humanity….
Laura Roslin aka Lady Guenevere will sacrifice her life for humanity.
I’m coming for all of you!!!!!
NUKES COCKED AND LOCKED ….WILL YOU GIVE YOURSELF UP?
DEAR ROSLIN (aka Lady Guenevere)Boltar says: I wanted to thank you for saving my life.
I will do what it takes to save humanity. Alright anyone know what the FRAK we are doing here? A lot of good people are going to die…find out what the Frack is going on…..a lot of good people are going to die …looking for options.. I should have told you before but I didnt have the guts, I am a CYLON….
Listen to me…it is not a chip in my head I am a Cylon… do you want to flush me out of an airlock? Go back from where you came from.
Lots of laughs of course…Scifi is great!
Adama is going to take care of it!!!! You so much as damage one hair of my people and I will kiss your people goodbye. Are you out of your frakin minds, they are Cylons…how can I love Cylons…its true something has changed…
WAIT starbuck (aka Lady Guenevere) has the answer…do you really think God brought you back from the darkness for this…… shove him out the airlock….give me the key…shove him out of the airlock!!!!!
what are you doing waiting for Apollo…..just DO IT!
.
ok I have had my fun …. night all.
life is short unplug the cable TV…. there is so much too read that will edify and enrich you…amusement is fleeting and when you look back and count the time wasted watching American TV and realize your loss you will revile yourself
Something has changed….we go to earth together!
The 13th tribe was Cylon. All those people who gave their lives for a dream, I dont want their dream to be meaningless
I remember what you told me…we had to keep the human race going….
the good news is.. real estate prices are low….
if any body can give them a reason to go on…its you Apollo…..
Help Me God Dammit says Starbuck
Athena and the Gods …. I have died…if you have an explanation for this…now is the time
is it true =is it true …what am I? What am I—-
am I born –live —and die for nothing?
Am I in the end…merely nothing?
OK, the play by play is a bit much.
I’m mentally ignoring anything by Lady G until the whole BSG thing is over.
La Esposa y Yo todos los capitulos miramos en juntos.
Nunca antes el final de los capitulos.
Library (and internet access) shuts down in 5 minutes, so just a quick note.
Baby boy. Large. 9 lb, 1.5 oz.
Baby and mom doing great. Dad…owns SRS, EEV, AAPL.
Doesn’t matter. I’m a big winner today. Hope everyone else made out well.
Cuervos….go ahead do it…do it…
Am I merely nothing?
BSG- is crying out…go on…oh my god that is why you came here…you havent got the frakin guts to do this..Im sorry bill this is one time I cant help you…pull the trigger and kill your best friend..
(more drinking occurs) let me tell you about my uncle when I was a kid, he would wake me up at night looking for the fox late at night he would become crazy forcing the fox to the river, the fox would swim half way out till it caught the current and ride the current half way out to the sea. ‘ Beacuse they want to drown?, no becus they were just tired, how in god dams name is the fleet going to survive without the god dam leader to lead them?
Lee says ” starbuck’ you look like hell, Dee my wife she shot herself…
Oh my god why? I dontknow why I will never know its just to frankin’ big to understand,
WE will find a new home this I promise. I am not going , u know this is just going to happen again and again I will just die out there with the cattle… dont u just want to die, dont you just want to stop all of this?
CSX reports on the 20th after the bell. You might want to short a few railroad companies on Tuesday.
A ha ha short railroads people!
Ok there is a party going on in the lounge guess I will show up.
beware, the immortal voyage of Captain Drek
Sam …they have taken over the universe, I know…Daniel…are you there? Listen this is Col Carter I only have a couple hours of life support left here…is anyone going to rescue me?
This BSG episode was sooooooooo freaking lame. It’s so obvious they decided to “cheap out” in these last few episodes as they canceled the series. The obvious TELL was when they had the commercial announcing the auction of all the BSG memorabilia.
I mean, bring back the space action sequences, West Wing political intrigue.. This emotional meta-physical crap just sucks. It’s obvious now they are going to whimper and crawl to the finish line using no money and no special effects to just screw the last few pennies out of the diehard fans.
I mean even if you were running out of money, at least make the first episode of this final block of episodes good with a couple action space sequences. They couldn’t even afford that. Geez.
Ottnott – you had a son?! Congrats! Great news!
T.V. dramas are for the slightly retarded.
Mr EB,
Alas you think by naming the thing you will in the end humanize it. Dont you know humans are but a puny species no matter the effort they make to try and be cosmo-logical.
They cannot in the end …understand the universe, they are limited in their minds, fears and perception of reality.
Fly if you ban LG I promise SRS will triple by April Fools Day.
LG, what the hell are you talking about? What are you smoking down there in Florida? You are not making any sense. Naming what thing? Geez.
Frak I am not in Florida I am in hicksville Texas
HELP
I went to party, and I am home now
I was watching Battle Star Galatica on Scifi channel.
Holy Molie do we have any nukes?
We need to drop out of hyperspace and nuke those sons a bitches…
.
I thought the new BSG episode was very well done. Enjoyable, surprising, well-acted, what more do you need?
Sorry, Mr.EB, I’m sure the space explosions will come in future episodes (when Cavil & co. catch up to them).
Lady G, you need to pass some of what you’re smoking this way. Puff-puff-give.
Ottnott, congratulations!
DO it now…. what the hell … something has changed
the question is
where do we go from here?
LG, you’re not the cheerleader in the expensive condo in Florida that was trash talking on her laptop by her swimming pool on how rich she was? Man maybe I’m totally confused.
FRAAAAK I fought the good fight and brought us to this desolet place. Madam President Can you tell us what has happened?
You are screwed, there is nothing here but the shattered lives of puny people who put their hopes in a Messiah who in the end had no knowledge of the events before him and led you to oblivion.
You are sheep to the slaughter…..
Screw Han Jobba and the cyborgs.
Commercial estate is in big trouble. Circuit City’s closure will have huge negative effects on neighboring businesses.
They are one of the main anchor stores in a 3 year old shopping center here as well as one of the only big electronics retailers. Walmart and Sams will capture a lot of that business.
ottnott Congrats That’s a big boy
my dad was over 10lb, poor grandmom
Two thousand years is a long time to forget.
Madam President you need your treatments…what are you going to do …lie down and quit?
All those people who followed me…they are dead, what do you want from me, I am dying, I lead you to the answers and you do not see….
The world is a horrible place of despair, filled with cowardly minds of no vision.
ladies and gentleman we now have a choice we can now see this as an opportunity or a full scale cotastrophy
No No NO its going to be okay, no no no what happened MEDIC!!!
Too late no medic will revive this reality
only choice you have is to leave it behind
.
These dudes should open for The Fuckery. They blew it out on Letterman tonight:
http://www.youtube.com/watch?v=E2YnDlEMXiU&feature=related
Congrats Ottnot! I’ll smoke a Cohiba Corona over the weekend in honor of your son.
The Fly at the end of a normal day of trading.
Close, but no cigar. Walken is from Astoria, Queens (Jake Sr. used to stop in at his Dad’s bakery almost every day before coming home from work), and while the accents are similar, Crooklyn wins out in the end.
_______
Jake – I’ll run it for you. At least marketing. Ever see Gibson PURE campaign or Epiphone rebranding? Yours truly + a team.
I have not seen it, no, but I have seen their margins.
Yowsah.
________