I bought 10,000 PFG @$15.30.
Disclaimer: If you buy PFG because of this post, all bank stocks will go to zero, taking your deposits with them. And, you may lose money.
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Joined Nov 10, 2007
23,433 Blog Posts
Dad – I told you to never buy opening gap ups. Sure way to lose my 529 plan.
Is this longer term hold or just a trade?Thanks
Fly Jr, your dad wants to know what you are doing in the bathroom all day, why don’t you get out and give somebody else a chance.
It’s very longer term, Crude. 3 hours or so should see it through.
Click on my link, Fly.
why would you buy that mess PFG?
they’ll need to raise money … they have massive exposure to CRE
you’re playing with grenades there
they may get by this Q, but its nothing I would bet on
mind blowing….no one wanted C, or GS or MS yesterday….and everyone wants it today? why don’t these asswipes make up their minds…………
Euro Yen just broke through 115. Stocks could get ugly here. Doll yen is down to 89.. Yikes.
Guy Adami should be tar and feathered for his bullshit call on USB.
PFG will not have to raise money. Who tells you such lies?
What happened to sitting this rally out? Why is PFG so compelling?
PFG is just a quick trade. No big deal. I sold out of more longs this morning and needed a long hedge to my SRS, EEV and REW positions.
It will be a 3 day hold max.
God bless your balls, Señor Fly. I know we’re supposed to get a rally, but I’d rather just look for good shorts to add to such as NFLX and BBBY. XOM is another I shorted with you at 82. I added at 80 and haven’t covered any. If XOM taps $78 at some point today or tomorrow, I’m adding yet again. I will only begin covering in the mid-60’s.
Those are my top picks. In a market in which banks, retailers and oil companies deliver apocalyptic news without warning aftermarket hours with mindboggling consistency, I can’t, for the life of me, understand the logic of going long.
Fly don’t worry, worse case I will bail you out
You’re scaring me on BAC Fly – I have several business and money market accounts there.
I know stock jocks don’t watch the currencies, but this Euro yen/ Dollar yen move is pretty important as 115 looked kinda like a line in the sand.
My feeling is that there could be a window to buy Yen as the Japanese may not intervene until they sort things out with the new administration. That’s how they brains operate, so we could have a move down to 84 if they don’t show themselves tomorrow Asia time. And if they don’t stocks will crack in Asia.
Euro yen now 113.50
Seriously , if the BOJ doesn’t intervene and hold this, Asia will get a caning tomorrow as the yen could end up at 84.
All the fuckers on Fast Money are just a bunch of actors pretending to be traders……they rarely even put their money where their mouth is which is one reason I hate the show, they tout a stock with flowers and cream and then Dillian will ask if they own it or have bought it at “these levels” and they always turn to him and say “no, not at these levels, I will wait”…….
only Macke has ever announced, that I know of, a position he put on that lost money and he took it in the shorts, all the rest on that show are full of shit…….
I have NO FUCKING IDEA how Karen ever has stayed afloat, almost every stock she has said she has bought has gone down from that day 60-90% if not 100%…. she bought Citi at 21.00, she bought WaMu at 3.60 4 days before it was dissolved, she bought TSO at 64.00ish…….all on there way straight down from there…… never mentioning any hedge positions to offset losses except for occasional put buying on them, which only helps so much.
and Guy Adami, I have no fucking idea what the fuck he does during the day…..if he is paid by someone for stock buying advice I don’t see how any firm paying him is above water….he spits out suggestions as if using play money….he suggested buying USB just yesterday for today? what a fucking ass…….
new post. This buy of the bearish variety. iBC caters to all investors, bullshitters or bear. Come one, come all.
newbie asks Fly why buy bank as hedge, why not buy less etf shorts.
admit ignorance in advance.
thanks