iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,443 Blog Posts

Bad Bank Moves

I sold out of my entire TS position, just south of $20.

I bought 3,000 FAZ, just south of $52. And, I bought 3,000 ERY, just south of 36.20.

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25 comments

  1. jg

    FIG

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  2. crude_oil

    Long TNA 23.27

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  3. dave

    Obama is sitting in the middle flanked by Pelosi and Reid.

    We are so screwed.

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  4. Weekend Fuckery

    I take it that you don’t buy into the bad bank bs.

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  5. gappingandyapping
    gappingandyapping

    We are headed higher from here.

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  6. Chuan

    fly is god

    but i do not think this is a right time to jump into short

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  7. The Fly

    Who cares what any of you think?

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  8. no shorty

    wrong time to get into FAZ… chasing?

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  9. I told you – stop vit da “Bad Bank” terminology – it is slightly naughty bank.

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  10. no shorty

    o yeah, forgot to add: fly is not god, god is not fly

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  11. Juice

    re FAZ, don’t you worry about weekend fuckery?

    why put on a bet like that with minutes to go to the weekend?

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  12. gappingandyapping
    gappingandyapping

    PFE should be bought here if you don’t have healthcare/drug.

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  13. to gapyap

    do you think their dividend is safe?

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  14. gappingandyapping
    gappingandyapping

    Covering XOM for a gain/loss of nil. Buying PFE and keeping dug as a leveraged hedge on my DXO position. People in other countries get desperate when their oil starts getting cheap and their other assets are going to zero.

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  15. TraderCaddy

    Just bought XLF @ 9.18 for one of my few ever swing trades.
    Nice last minute moves on WFC,JPM.
    Wanna bet they get a good writeup in Barron’s this weekend?
    It was the printer buying these two.

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  16. gappingandyapping
    gappingandyapping

    Yes I believe it is safe now that they made the acquisition.

    Filled Buy PFE Limit 14.55 — — 15:55:36 01/30/09

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  17. scum bucket

    I told you XOM would finish in the red.

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  18. maelstrom

    Dave

    Pelosi is probably finger poppin from being so close to the first African American President. Christ for that matter so is Reid, he’s more of a cunt than Pelosi

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  19. TraderCaddy

    Watching JPM climb in the AH.
    I don’t trust any of them.
    Insider tomfoolery.

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  20. Long

    bought FAS in the last minute. Mon should be rally.

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  21. AU CONTRAIR

    FAZ…..are you fucking kidding me! Nice entry price top ticker.

    Get your time machine fixed pleased. Bad news on the table for now, government fuckery already out there leaving upside with ANY type of good news and the meth based finis traders out there clicking their mouses like a XBOX.

    Hope you are hedged.

    On a side note…I like the FLY SHOW 2.

    Fu toi mon amie

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  22. JakeGint

    Au Contrair — don’t you have an employment strike to rabble rouse at?

    _______

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  23. FancyTickler

    FAZ is a risky fucking trade over the weekend. I just got long TNA @ $24. I guarantee some kind of bullshit bailout plan is announced Sunday and this market marches higher. I don’t like betting against the Fly, but this time I have to.

    Good luck to me and bad luck to Fly this time.

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  24. Woodshedder

    Fancy, what do you suppose they’ll do, that hasn’t already been done?

    So….there is a magic bullet out there somewhere, that no one has thought of?

    I mean seriously, the Dow is one bad day away from new lows for the decade. Obviously, nothing else has worked.

    Again, what do you suppose they can do, that hasn’t been done?

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  25. 1option

    I’m tired of everyone saying we are marching higher. Pipe dreams I guess. We are heading lower, why be so blindsided?

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