I’m down slightly on the day, mainly thanks to sharply higher oil stocks, effectively raping my DUG/ERY positions. Truth be told, I am buying DUG, down at these levels, based upon the belief that the major oil/gas companies will not deliver on numbers next week.
As a reminder: Along with my SRS, DUG, ERY, EEV and REW positions, I am long FAS, UYM, PFG, amongst others.
However, you fuckers need to pay attention to something: GE.
Chatter on the street says GE will need government assistance, in order to firm up their balance sheet. Although it’s fun to buy stocks, based upon some bullshit number out of GOOG, many of you foam mouthed bullish type will be brutally dispatched and clown raped, if the GE story gets worse.
Don’t look now, but GE is hitting the lows of the day, while the market melts up—stuck on stupid.
As always, the prophecies of “The Fly”, as it pertains to the future single digit share price of GE, will come to fruition. The question you need to ask yourself: can the market deal with a distressed GE?
NOTE: GE paying a 9.5% dividend, during such bad times, is ridiculous.
UPDATE: I bought 2,000 SRS @ $61.51.
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The Fly is a monkey!
scum bucket bitchez is a monkey!
I suspect the funnel is now empty. The market can now proceed to go down 400 points by the close.
Monkeys on a chain?
Is that like monkeys on the ledge?
I just know that this market is trying to shake out all my shorts before crashing to hell on Monday. I just know it.
Only 2 hours left in the battle of FAS vs. FAZ
Donny vs. CAP
my money is on the guy who doesn’t self-fellate
Danger, Bears, danger!
http://www.youtube.com/watch?v=R3QEyMeEfqM
seems the new Obama PPT team comes in at 2 p.m. to drive stocks higher
Welcome back to Chivas.
He brought the rally monkey with him.
I have owned my dad for months with his short oil play. LMFAO. Keep throwing my 529 money down that vortex known as DUG.
What’s next? We gonna short AIG?
GE has 48 billion in cash. They do not need any govt money.
Much fuckery and assclownedness in this market!
Just sayin..
Gold stocks are going to do what they always do.
Suck traders in at the top after a stealth rally and then stick it to the Man.
Fly JR:
You are an idiot.
Aside from their “cash position” go run along and tell me how much “debt” they have.
I’ll wait here for your answer.
I don’t remember reading in Dr. Spock’s book about raising children the chapter about telling one’s kid they are an idiot.
He may grow up to be an evil private equity guy or worse yet a politician.
Defense names taking a dump, XOM and CVX report next Friday.
Aside from their “cash position” go run along and tell me how much “debt” they have…
Ooh, ooh, I know, I know, pick me!
Weeks ago I had limit buys in for GE and DOW – big fat blue chips beaten down with a fat divvy – I dropped those orders that were at like $17-18.
FLY is right.
Im selling my uso (bought today) and getting short into the close
1 Rule To A Flat Stomach: (Obey)
uggghh.
he’s just his stepson
GE can’t break $12.24 and hold below that level. Watch it closely. All you coked up loser brokers better take the train down to AC and spin the wind turbines down there for the love of blowing energy (did someone say blow?).
Chivas! Good to read your voice. But are you sure it was a light at the end of a tunnel you saw? Or was it a light at the end of a funnel?
A vision of 13,000 this year seems like a bit of the “opiate optimism,” no?
My port had as close to a nde as I ever want to experience last year, and I had a similar vision, tho the white-robed presence held my brokerage statements in one hand, perused them, and with a softly condescending chuckle whispered, “Fucktard.”
Welcome back.
______________
Donny vs. CAP = Ray Lewis vs. Ray Lewis’ pregnant ex-gf
I just initiated a huge short trade on DRYS..
March $7.5 Puts…
Shit is going bankrupt, son…
Everybody with their bullshit stimulus will engage into protectionist measures…Anyhoo, its a hail mary
dug and srs are going down you stupid fucker and once agean go fuck your own bag of golf balls dude more of your calls are off rite off the bat then anythinbg you talk a big game but are a real dumb ass like i said were grinding are way back to 900
the fly sucks
What’s that smell … smmm … Oil Rising … smmm … Metals Rising. Hell yes … that’s inflationary, and that’s bullish.
“Buy GE now”….(please)hehehe
think I will wait on SRS as it comes back into 57 to see what the volume characteristic is
I agree. Big bidders in commer. re stocks here. I will wait to buy more lower.
Spelling please: agean:again, rite:right, anthinbg:anything
track:truck
Sheesh what’s will all the guys who cannot spell?
.
I just got some more DUG too. Bull? I call Bullshit.
not sure how market can rally in the face of accelerating job losses… who is going to buy anything in the next year or so? everybody is affraid for their jobs…
BCS RBS govt owns 70% of RBS and BCS looks like it needs help as well from the BOE
i guess market was waiting for my comment about jobs to start rolling over 🙂
We got you “G” – BTW, it is you’re not your for you. Fly wants you to adopt Jr. – he has had enough of him.
FLY thats the thing about Comm RE it can be looked upon as a hard asset also…. I am aware of the increasing vacany rates but at a certain valuation these malls must be attractive especially should they trade below replacement costs. If you have a longer term view that inflation will be an issue going forwards then the replacement cost will move higher as prices for materials turn up…this is the counter argument… again I do price volume time…
Get back in the funnel.
Lady G – we have fat fingers.
May I suggest military school for Fly Jr.
The boy needs to learn respect for the folks.
He has been harassing my wife with kissing sounds.
i kin speel gooder then u lady gee
TraderCaddy Says:
I don’t remember reading in Dr. Spock’s book about raising children the chapter about telling one’s kid they are an idiot.
He may grow up to be an evil private equity guy or worse yet a politician.
January 23rd, 2009 at 2:14 pm
_____________
don’t worry about that, Fly Jr. will NEVER grow up…….
I hate this market. I’ve capitulated my SKK but I’m holding onto my FAZ. May buy some SRS if we accelerate down into the close.
Adding to bank shorts here.
GE’s current ratio: almost 2:1.
if you think a AAA company is in trouble like GE, you must think the entire world is coming to any end. You shouldn’t be owning ANY stocks. GE is MAKING money not losing money. 3 years from now, when GE is printing $30+, novices like my Dad will be kicking themselves.
Where is Fly Jr with the debt homework assignement 🙂
” BTW, it is you’re not your for you”
Friday afternoon drinking has started….
.
You fuckers are simply monkey on a key chain.
Nothing to see here. I move on.
Fly Jr, u are full of crap. the house flippers ain’t buying ss appliances with heloc money this year, Q4 ’08 numbers were a one-time tax dodge. builders ain’t building, what else ya got?
If GE fails, CNBC is done.
Who would do a negative report on a GE bailout after all of the complaining about bailouts?
Anjing:
The bet against CRE is their inability to refinance their debt, not necessarily vacancies.
THE HOGAN BOTTOM!!!!
THE COSTA SUPPORT!!!
So yeah, I dislocated my shoulder during brazilian jiu jitsu practice…I damn near passed out;
I dont think I should be trading on pain killers…
Added to XOM at 78 and 78.50. This one’s going down post-earnings. Take that to the BANK. I’m with you on this one, Señor Fly.
GE will be split into three seperate companies
by year end…remember I was the greatest CEO who ever lived also know as ‘beat by a penny Jack’.
Big Mike – I think you should take a nap.
Rumor: Bad news ahead for Midwest Mall Properties LLC. Not tradeable tho…
hmmmmmm Says:
If GE fails, CNBC is done.
Who would do a negative report on a GE bailout after all of the complaining about bailouts?
January 23rd, 2009 at 2:45 pm
_________________
we can only hope so…..if GE fails GE will sell CNBC, at that point there will be no one to buy it, CNBC will be forced to “thin the herd”
then, if we are lucky, the first to get the axe will be Dennis Kneale and Larry Krudlow…… follow by Jim “baggins” Goldman…..
then all will be better.
UPSIDE TO A GE BANKRUPTCY:
CNBC is done.
Love it.
Go ahead, short Ge. Pay me my 1.24 dividend on a $12 stock.
The short play is tired. Please tell me how oil is going 1.15/barrel now or how AIG is cooked.
You are so late to the party, they’re done cleaning up. Dad close out your DUG before I have to home school.
I’m with you Phil, XOM short @ 77.69.
“You fuckers are simply monkey on a key chain.
Nothing to see here. I move on.”
FLY really is GOD, thats the fucked up thing about it.
Jr. – Oil won’t go up much until the world economies get back on track. It’s that simple. I have no idea how much “much” is. I’m with Fly and Phil on the short oil stocks (using ERY). Just sold my puny position in DXO at 2.78
UPSIDE TO A BIBLICAL SIZED MELT UP IN THE LAST HOUR:
I will bank egregious amounts of coin.
FWIW: AFAM down on it’s 200 dma
BUY or SELL? I’m long but starting to wonder.
FLY JR.
Take your little dick and pull it back between your legs towards your ass.
Then look in the mirror.
Henry
Be careful. GE weakness is pervasive.
My opinion: we should be down 300-400 on this GE news.
How come there are monkeys eating bananas inside this funnel?
who the hell wants to hold bank stocks over the weekend?
nationalizations happen after friday close
Hey,
So how much does the anchors make? Like Dylan, Maria, Kudlow, Burnett?
You think they make more than the Fly?
THIS IS THE TOP VACATION FOR BALLERS…WATCH VIDEO
http://www.cat69.com/desires.html
Mr. Fly, I no longer wish to look at that woman’s gunt on the right hand side of your page. You should to tell the advertiser he/she would get more clicks with a nice Brazilian bubble butt. ie. Reef girls
true on the refinancing aspect FLY thats another variable in the equation have to see if some pension behemoths like the Ontario Teachers Pension Plan wades into the fray.
Next up to the bankrupt government soup kitchen buffet, Warren Buffett. How fitting.
What about since we’re not down 300-400 then we might as well go up?
Henry FWIW sell.
I also got out of DXO at 2.73 for a loss.
but bought some BGZ at 69 to hold.
.
Fly, do you still think FAS will print 100 before Barack the Builder’s plan part 1 gets passed?
Also, adding EEV here.
FRT, ESS, MAC, SLG
Mark them well, and scale into them short. The Fly has chosen them with care. It’s easy enough to remember, I call them Fart, Ess, Mac, and Slug.
the fact the market isn’t down much is a huge tell. The markets have rallied almost every time once the financials are done reporting. They are done reporting.
GE reaffirmed their dividend for the entire year and met earnings expectations. I’ll happily compare their AAA balance sheet to MVIS and all the other bullshit stocks Dad has been touting the past year.
GE yield is now 10.4% I would rather buy after it’s cut and the stock trades at $7 -8.
Ok DONNY. Its about that time. Just you and me FAS v FAZ Deathmatch.
The problem with CRE right now, as I see it, is the fact that tenants vacating (like stores closing) or renegotiating their leases downward will or has caused landlords to be unable to service their debt on the properties with the lower income levels (=lower values).
The replacement approach to valuing CRE is just as valid, but perhaps not as strong a consideration when their is a glut of properties in the market, IMHO.
Mr. and Mrs. Fly- We received your completed application for Fly Jr. but we have one question. Does he take the meds daily or hourly?
Don’t kid yourself, people. Dividends get cut across the board during severe recessions. Why should it be any different with GE or any other company now?
Yes, of course Fly you’re right about the more immediate problem of not being able to refinance. That would make the values a non-factor. lol
bottom line is americans are getting bored with the end of the world scenario!
We’re on the verge of popping the negativity bubble!
Goodnight bears!
Fly!! Thank you for reminding me how to trade with my balls as well as my brains!
CAP – cirque du soleil has a position open for an
experienced sword swallower… always good to have a backup
plan.
Bennet Sedacca
02:35:00 PM
No positions in stocks mentioned.
Dead Industrial Walking??
Of all the companies I have been worried about the past couple of years, the ones that bothered me most were Gneral Motors (GM) and General Electric (GE).
We all know what happened to GM.
Recall in my piece ‘Dead Banks Walking’, I had a cycle which companies that fail followed. This includes denial about how bad your business is, denying how lousy your balance sheet is, maintaining a high dividend when you should be conserving cash.
GE defined.
This one has me a bit scared. Just the action alone speaks volumes.
What GM and GE have in common are ties to the global economy and a huge finance subsidiary that are hedge funds in drag.
I expect a dividend cut soon, lowered guidance and possibly the ousting of Immelt.
Finally, I would avoid their debt and in particular, their preferreds like the plague.
Ah….the golden inflection point.
.
new PPT in full action .. S&P green, dow above 8000