What’s the end game, you ponder? Well for me, it’s all about food and guns. Get your food game up and your gun game ready.
Here in NY, next thing you know, homeless men are eating your best friends brains, like Night of the Living Dead. I am well prepared for such events, with a portable safe, stacked with 30k in cash and 50k in precious gems. And, I have a large bin, ready for mobile usage, filled with food.
“The Fly” all all about winning, even when the country is losing. So, it’s my duty, as a patriot, to keep the “The Fly’s” state of perpetual “winship” intact, if you know what I mean.
Frankly, I’m making a bundle in my oil shorts. XOM is worth $50 tops, with oil down here. Fuck what Cramer says, that son of a bitch trades lower.
I don’t have the balls to get short down here, in any real size. Instead, I intend to build upon my 9% YTD gains, through smaller trades.
At the present, I like short oil/long guns.
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SFLY too!!
For some reason people are spending money putting their ugly photos on tee shirts and mugs.
SFLY is a costanza trade.
Costanza trading FAS today, any one else?
Can I ask a question?
When did people (and especially alleged “professional” people”) start saying “correct” instead of “yes” or “that’s right” or something more normal sounding?
It’s quite grating on my nerves, I’ll have you know.
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Legging into 1/3 more TNA here @ 17.29 (always buy above but never below).
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Fly – what do you think of short STT/long BAC in a 1 to 1 $ ratio ?
i like it
Fly, listening to the $60B loss at AIG, first write off of commercial RE.
Fly- Why will GE not cut itd divvy??…Do they value perception that much?
For the guy who made a comment in the previous post above GE, this is how I see it: the market is pricing in a downgrade by the rating agencies. However, the longer it takes for the downgrade to come, the longer the stock bleeds out of its ass.
My take (and I dont plan on playing it cuz I hate GE too much): dont touch the stock for a swing trade reversal play until you get a massive volume day AND/OR a loss of AAA.
The downgrade and the high volume are probably the best combination for the stock to catch a relief rally. Until then, GE will continue to be a sick stock, living off chicken noodle soup, a box of diapers and Preparation H.
Jake buying TNA here? I like the idea, I just sold my TZA north of 78. My top pick here is ADBE however and TBT for the long run.
Anon —
I am looking at FAS for some “George.”
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By the way FAS is either horribly weighted or being manipulated today.
Gappy — I like the ADBE idea. TNA just for a crash trade back to the mean. Nothing long term.
FAS too, btw.
Love TBT “ong time.”
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Jake…you are correct…as usual.
anyone looking at AA and UYM for a soon to be buy? aluminum prices are still up there, I buy aluminum in billet for my machining projects and I am still paying very high prices for aluminum, 3 times cost compared to 3 years ago…… The price of the raw product has not fallen with the stock prices, there is a little discomebobulation going on…
Fly, i am not bitching about the payment fee – i am fine with all that and i will take the 1 year subscription, i just hate the system. It sucks.
Fly: homeless men are eating your best friends brains, like Night of the Living Dead
Eminem: Well, some of us cannibals who cut other people open like cantaloupes [SLURP]
Please stand up.
Interesting video from Morningstar about why leveraged ETF’s get fucked by volatility. Excellent video.
http://www.morningstar.com/cover/videocenter.html?bctid=9952874001
Fly doing a Giddy Up Cowboy trade other people bottom picking. Me I’m taking a power-nap. With a little wench of course.
I have a thousand rounds, canned food with 30 year shelf life, water purifacation tablets and enough Swank mags to last me 2 years. I’m all set thank you.
short 500 SKF at 196.11
This is all you need to know about where gun stocks are going. Check out Cabela’s (CAB) earnings the other day. Their sporting goods sales were shit, but firearm sales were through the roof.
The stock ignited 35% after releasing numbers. Fuck $3.50. I’m holding out for a move to $5.00 on SWHC.
Rocketmaaaaaaaaaaaaaan, burning out a fuse up here alone!!!!! ROCKETMAN, BABY! SWHC is fueled up and ready to thrust higher.
http://www.thestreet.com/_yahoo/story/10465259/1/winners-and-losers-cabelas.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
In the fwiw category .. I know of a couple 10 bill + hedge funds that won’t put money to work until SPX 600-650
I know a couple HF that havent bought a single share of stock in months.
My SKF short at 196.11 is on FIRE!!!!
SPX blowing through the Nov 20 low or holding? Its crunch time. SPX 650 next destination?
GE needs to start making bullets…..5.56 and 7.62 NATO and get a gov contract…..that’ll pull them out of their dulldrums…… noone’s buying washing machines, bullets are the new commodity of 2009 (brass and lead and copper), especially for the new Afgan operations….bullets man, bullets…….
Jed — thanks for the confidence, but so far, the market is telling me to “Go Concord myself.”
😉
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Man you have to have some balls to go short here. Good god I just get the feeling this slut can turn around gobble your balls off then spit out the seeds all the while banking a 1000 point rally. Be careful.
death to WYNN !
JASO fell the fuck apart today.
IPI getting it’s teeth kicked in.
MELI going to start looking interesting down here real soon, maybe today.
TheArtist,
Good call. And may I add to that: Fuck the dollar and the euro. Ammo is the new currency.
Evening at the drug store…
Phil: I’ll have 3 cans of Campbell soup, 2 bottles of skim milk and Wrigley’s gum.
Clerk: Sure, sir. That’ll be 3 S&W rounds.
AIG is full of homos. I fully believe they all love sucking cock. Goddamit.
This man makes alot of sense. He should have been elected president:
http://www.youtube.com/watch?v=aGNSyFpqpvE
Hey shitfaces instead of saying “Hey we are going to do something but we don’t have a plan on what we are going to do.” Why don’t you put down the fucking mouse cheese and put something on paper. Truly our government is full of fucking homos and dumb fucking mouse humpers as well. What a disgrace!
long guns
long slingshots
Thanks for the video Phil.
Israel makes the best guns.
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long numchucks
Dow under 7000 by today’s close.
Mars.
Jake, those are very nice guns…..I’ll have to get a pair for my collection.
Always eat kosher!!
All this government is/ was pointless to begin with. Horrible Horrible.. Im long an M5 and pipe bombs
Why has the gov. no realized, that the market shits its pants whenever they talk about “nationalization”?
Can we just get this bleed out over with? Just crash the shit.
could someone smash Michele(transvestite face)Cabrera in the fucking throat..dumb beaner skank wash woman.
Just a quick note of thanks to the Fly for the list of comm re stocks to short. KIM SPG MAC MRT VNO SLG. All killed and making me some money. Cheers.
Jake, you got me but I ain’t mad at ya buddy.
Read my prior posts of my holdings and you will know why the game belongs to me!
http://www.youtube.com/watch?v=1ID0lqRTBWc
JakeGint:
I turn left here right?
Right.
Right or Left?
Triple-meaning of the word right makes it very imprecise.
Yes from a fatty who’s talking past a sandwich in a thick accent over loud traffic can just as easily sound like a gutteral Naa. Hard to misinterpret ‘correct’ as no.
So suck it up and get used to the idea that languages evolve to become more precise.
Mars.
SWHC MUTHAFUCKAAAAA!!!! Stock is absolutely ON FUCKING FIRE! USO is close to stopping out. All my other shorts remain (havent covered a thing — not until VIX taps 75) intact. My USO is close to stopping out.
Here’s the list of shorts:
AMZN
AAPL
HOTT
XOM
BBBY
BBY
NTRS
DUG (long)
CPKI
YHOO (initiated today the YHOO short — market cap bloated at $16B and MSFT’s entire cash position is $20B, meaning, there are no buyers for this stock and the takeover premium is unwarranted. YHOO announced a restructuring today, in essence, admitting theyre fucked and have no clue about whats going on — hardly the type of company thats involved in takeover negotiations)
longs:
SWHC
USO (close to stopping out)
There is only one formula you can count on when picking the bottom…Invest when you have reached the lowest 10 – 15% of all recorded p/e valuations…Why are we here now?…We are currently pricing in that we have an insolvable problem, pessimism priced in, ie long guns…China, India …billions of newly developed middle class consumers coming on line…ACT ACCORDINGLY
Long 1000 TNA
Long 1000 BGU
Long 5000 FAS
Long 1000 QLD
That was my closing 5 mins.
Bullish Case, we are nowhere near the lowest 10-15% of all recorded p/e valuations.
RGR TOO
Jake, you got me but I ain’t mad at ya buddy.
Sorry ’bout that Gran. Those triples are a bitch. But, if it’s any solace, it makes even more sense tomorrow than today.
I just read that the SPY RSI is more oversold now than at any time in its 15 year history… in fact, here’s the quote from Tradefast on Twitter:
monthly rsi(9) on $SPY is 12.4 — 2002 low was 19.08 — SPY has existed since 1994 — we are most oversold in history, by a wide margin.
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So suck it up and get used to the idea that languages evolve to become more precise.
“Correct” in neither new nor more precise (you can misunderstand “correct” while on a steering wheel and fuck up your neighbor’s fender, for instance), it’s just more anal sounding.
And gay.
— Earth.
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Jake, careful with that. RSI(14), which is probably most widely used, is not even beneath 30.
We were lower on this measure last October.
What’s the bamboo saying Wood?
You can construct a a portfolio of world class stocks with a p/e of 11-12 and having a price to sales under .50…MMM, DIS, WFC are world class compainies…WORLD CLASS