Really, I want to know.
Oil is down 70% inside of 6 months and yet assholes are buying XOM, CVX and other oil names. Seriously, this is not a very hard trade to execute: short oil stocks with impunity.
Now, as sure as I am sitting here, on the next rally, oil/gas stocks will catapult higher, but they shouldn’t.
Listen to me you fucking idiots: they industry is ruined. The underlying securities are vastly overvalued and many of them will go all the way to zero, suffocated by egregious debt burdens.
You cannot buy NOV or RIG, thinking “oh shit, oil is gonna go.” That’s not how it works, asshole. These companies have capex budgets. Those such said budgets are being axed, amidst all the panic. Believe you me, oil producers and exploration companies are fucking scared shitless now.
With that being said, I will hold and add to my DUG/ERY positions, until they are much higher.
As for the market:
I bought some EEV; but sold no longs. I am as stubborn as an insolvent bank asking for a bailout.
In other news, my wife just informed me that some asshole backed into her car, at the mall. So, I need to get the fuck out of here, in order to take the car to a fucking collision shop.
Good times.
UPDATE: I bought 5,000 CHL @ $46.10 and 2,000 ACM @ $25.45.
UPDATE II: I bought LNN @ $27.41 and BUCY @ $14.85.
UPDATE III: I added to ERY @ $37.25.
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Jed has a smelly cunt
http://slopeofhope.com/2009/02/12/kneale_is_tops.htm
Tim Knight pays tribute to Mr Potatah Head.
the same bitches who just gave GE a billion dollar contract
That TIM chart is quite funny.
wow, the solar stocks are getting slobberknob’d this week…..
your longs are dropping in value faster than your wife’s car. at least you’re short oil. no bottom in sight…
I’m long 2,000 USO and short 1,000 XOM and ready to double down on both trades.
In other news, my wife just informed me that some asshole backed (into) her car, at the mall.
Use this opportunity as a shop-a-holic intervention.
Lemons into lemonade, etc.
_________
If that chart isn’t proof-positive that Kneale needs to be taken out for the good of the U.S. and world economies I don’t know what is. I would be a very nervous talking head if I were him.
Buffalo Chicken Wings breaking the fuck out.
Stick a fork in me
State of the market = GMAC……Pure Fraud.
Fuck GMAC…Wall Street is dead. No more market for all the bullshit paper. How bout some Target,SEARS,HDEPOT DEBT? Wheres GE Capital, COF? Shit its Thursday and I’m already starting the God,Guns,and Gardens posts.
Off to Costco to purchase egregious qtys of paper towels, Charmin, Plastic water bottles, Clorox Wipes!
The Obama PPT just kicked in.
Lets see if it’s as impotent as all the other Charlie Brown bullshit
FAS shooting up
Don’t get sucked into this fake rally. Down 250 + by the close.
Kneale=Weasel Boy.
Does that mean your still long MVIS?
My teacher just called Obama
Hooray the US Govt is going to subsidize mortgage payments… lmao… Fly, they are coming after your money now…
http://thestar.com.my/news/story.asp?file=/2008/11/14/apworld/20081114084028&sec=apworld Remember this deal by Mexico…I wonder who is holding the bag
Nationalize the banks…. 3.9% for all
Looks like we may be headed for the short covering rally that you and I have been fucking waiting for. Hopefully it’ll last until op ex. I averaged down CAT and KALU and bought PNC calls at the lows today.
It was the heroic thing to do.
Odd article
http://www.ft.com/cms/s/0/99dd5b78-f8a5-11dd-aae8-000077b07658.html?nclick_check=1
The Fly has changed. He used to make swings from 50% long 50% short, with god-like accuracy, and on a three time daily schedule like clockwork. It takes him 3-4 days, or longer to make the same swings. I remember The Fly, mentioning if you arent fast in this market your dead….JUST SAYING….Step back and think about it.
Shorts you may want to take some money off the table
Update: FAS is continuing an Incredible Hulk sized jump
Yo Fly,
Why dont you get an assistant or make your trader servant do those egregious chores?
You sir, are a very humble man…
FLY,
you kept me from going in with the FAZ/SRS temptations today … and looks like market wants to recover– just like your suspicious hunches…the FLY wins again as usual
mrkcbill wears hush puppies
Listen ALL. This is another FAKE rally attempt to get you to either get long or cover your shorts. I don’t buy this.
This isn’t recovery. This is crockery.
Update:
Although I’m in agreement with CAP, his knob remains his own business.
PALM BTFO, Odd no?
Fly busy trading … leaves wife in lurch for now
Same shit, different day, only slightly later.
Darius, Fly’s down Sally’s Auto Body, so let me answer for him:
Go fuck a Blowfish.
________
http://www.rallymonkey.com/video/kenindex.swf
I agree CAP….we finish -250ish.
How hard is CAP sucking his cock right now as the market rallies?
You know, on days like today… I love being an asshole-dip-buyer.
Uh oh…looks like CAP is gonna be suckin his own dick again….
Yes, just a temporary fake ‘recovery’… we all know this market is TOAST soon enough…but for now, everyone calling today “the plunge” were obviously wrong…maybe it’ll show up tomorrow or wait another week or two…but we are well off the lows for now
CAP is still up. Rest assured if government huckery prevails, he will bleed through the nose.
Jed plays with Toy Trains
DIE BEARS!
Cap, where’d I tell you WFC was a buy? $15.45 or so?
Don’t bedevil dawg yourself to death.
_____
KC Bill: Good call on the govt fuckery happening today. I didn’t think they would do it intraday. They did.
The Fly is God.
Chivas – what took you so long?
Ouch…CAP getting de-CAP-itated..
How ’bout a late day rally?
Suck harder CAP. It’s not working.
I SEE DEVILED EGGS…
Covered WFC @ 15.9 , covered JPM 24.95, about to cover BAC and HBC . Covered SPG and VNO below 39 and 45. Don’t worry about me people. I’ll short at higher prices if necessary.
We are now entering the “Cock Suck Zone.”
Paradigm Shift:
when you’re my age 82, one is a little bit slower.
Wow, men with hazmat suits just stole my gains.
CAP,
I did not get sucked into that “fake” end of day rally. Thanks for the heads up on that one…you are a frikin genius.
Claude
What the fuck, the news has to come just as we retest the lows?
Taking some profits on the Full tard TNA and FAS trade
Should I worry yet ?
Fly, pardon my dumbshitnitude. Why should CVX and XOM be so tightly correlated to the price of the commodity? They get paid to transport, refine and distribute oil. Whats changed? The producers and SLB types are more certainly fucked.
PPT in full effect this afternoon! booyAH
What the fuck, the news has to come just as we retest the lows???
“Jed plays with Toy Trains”
What’s wrong with that …. I have a few Lionel Trains?
Yee Ha….what a ride this market is!
Glad I sold my SRS today at a good profit and I jumped into BGU at 26.80 to ride this wild tape up ….
but not too long…will sell at the first real sign of fizzle.
Sheesh…you can’t be gone for long from your computer.
.
TIME FOR CAP TO SUCK HIS OWN COCK AGAIN!!!!!!!!!!!!!!
Jake, let me know when your going on tour. I would get drunk @ the comedy club for you buddy.
FLY – Recall the last time you claimed I needed to suck my cock. We dropped a 1000 points the following week.
CAP the Cocksucker!!
BEAR TRAP! BAM!
when you’re my age 82, one is a little bit slower.
ROFL.
‘Nando, it’s not how you FEEL, dahling… it’s how you Look!
___________
Bullshit how they leak the news to reuters right at the lows of the day. Complete market fuckery!!!
Then the shorts come in and cover because they got nervous.
For those who believe that all of the sudden a big swoop of buyers and bulls came in, you are kidding yourselves
Not covering a thing. But this gvt fuckery pisses me off. Let the damn thing crash, for Christ’s sake. Sheesh.
Cheeze and crackers, Fly…look what you did to XOM.
When is The Fly going post about people cheering and doing coke in the stairwell the first time 7,000 was hit?
What fuckery.
FAZ bitchslapped.
Jake, let me know when your going on tour. I would get drunk @ the comedy club for you buddy.
Yeah, like that’s such a sacrifice.
_____________
CAP,
You chose to grab your ankles instead of your balls.
MM
Seriously, this news does not warrant the market reaction we just saw. I put on some shorts.
Obama PPT attempt #1 successful.
Off to east a few designer hot dogs.
Guys dont you know this is Timmay’s REVENGE. His ego is soooo huge, you dont think he was going to let the market humiliate him for long do you?
He timed this to the minute to say to the market ” screw you!” and it worked.
🙂
Jake:
LOL.
TIME FOR CAP TO SUCK HIS OWN COCK AGAIN!!!!!!!!!!!!!!
What a “gift meme” this whole Cap self fellating thing has been, eh?
Sometimes it’s better to be lucky than good, no?
___________
your bears are f*cked any day now!
When the dope on a slope guy is bragging how easy it is to bank coin it was time to send men in hazmat suits to his door.
T MOE shorts more SPY st close.
hey fly you old suckah! are you 50% short or 50% long?
same old same old
…To be continued
Bears are a queer bunch, aren’t they? Getting they necks handed to them in a raucous late day rally.
New lows next week you stupid cows. Write it down.
I WILL win the war…
Hey guess what – We’re still below 8000 on the Dow. Down we go tomorrow and next week.
Off to drink Rich Mans whiskey – J. Walker Blue Label.
blue label is 150k per year whiskey.
Get your whiskey game on, motherfucker.
55% long
New lows next week you stupid cows. Write it down.
Devil Pups, gracious in defeat as always.
I WILL win the war…
That’s what Westmoreland kept saying….
___________
hey DD, you retard, you should ALWAYS follow the rule i set for you: NEVER use “THIS WEEK” or “TODAY” but instead use “NEXT WEEK” or “NEXT MONTH” you MF idiot! when you gonna learn?
If CAP wasn’t around to soak cork, we’d have no wine.
CAP,
Why waste such expensive whiskey washing the taste of your own dick out of your mouth?
Sully
Ouch. Jake had to go ‘Nam on the dog.
Off to drink Rich Mans whiskey – J. Walker Blue Label.
Lol.
rookie.
_________
The ‘Flaps banked coin today by covering some CRE at Fly signal but stayed with the DRYS puts and the SRS hedge…
Like a penguin-eating douche on the latter!
And the Fuckery – obviously! – those fucks are now on a White House contract!
YOU FUCKING CORPORATE SELL-OUTS!!!
YOUR MUSIC SUCKS ASS!!!
Satan was here.
I was having a nice time watching the meltdown until about 3 pm.
Ouch. Jake had to go ‘Nam on the dog.
No dis to the honorable ‘Nam vets. Just a metaphor.
_______
What idiocy. Today everyone lost some yet everyone is claiming victory. WTF?
Define irony:
go to 4:50 minutes on this priceless clip
http://www.youtube.com/watch?v=5Mm6deyLfCc&feature=related
GLTA