I bought 25,000 SWHC around $3 and 5,000 RGR @ $6.77 ish.
Disclaimer: If you buy RGR and SWHC because of this post, when the revolution begins, you will find yourself gunless. And, you may lose money.
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All I wanna do is BANG BANG BANG BANG!
And KKKAAAA CHING!
And take your money
http://www.youtube.com/watch?v=7sei-eEjy4g
Both those trades should work there way higher.
I bought SWHC too. I have been waiting for it to break above $2.90, now that it has, I am in.
Ryan
Fly,
In one of your weekend articles, you mentioned how you trade with themes in mind.
It seems like the year’s broad trends are:
short commercial re
short oil companies
long guns
short eastern europe’s collapse via the EURO
Anyone else see additional trends?
Gio’s EGO looking great, haha
As stated here last week, long 100 AR-15’s….prices are spiking..doing much better than my ill fated goat fuck of buying FAS.
It would be interesting to see if more folks are actually out buying guns. The charts sure have been good and seem to suggest so.
Lately I’ve been partial to the hand guns w/ laser pointers
IMO, short SKYW, JPM, & TBSI
Anyone watching GE? (I’m not playing it, but it’s become an indictor for me as to future market direction). The stock is getting skullfucked. It trades like a financial, only without the occasional short-squeeze days. Holy shit.
Even on a day when zombie bank duo BAC and C decide to rally…. what does GE do? Crap in its diapers… yet again.
Now there’s a stock sprinting towards penny-stock status.
What a pile of shit.
Bennet Sedacca
11:25:00 AM
No positions in stocks mentioned.
The DAX gets…
…The ax.
As in fresh new lows.
And the DAX tends to lead our markets, particularly tech.
So those expecting a successful retest, after new closing weekly lows may wish to reconsider.
My target (and I hope I am wrong here) is 600 SPX by quarter end.
Swan diving here.
Long guns, short oil, off to lunch.
Prepare for eminent death, we are going to SnP 500 soon!
I think we need to tough the 490 level on SnP and soon. Value may be able to be found there.
Going back to 1973 I can say for sure in the event of a “crash” gold stocks will go with the rest of them. Physical gold will hold up for awhile and then sold due to various margin calls.
Just saying.
I wonder if Obama knows what the PPT (not Fly’s but the US Finan.) even is or even cares.
Fil Zucchi
10:50:00 AM
No positions in stocks mentioned.
Backstop this
Bloomberg just flashed that Janus Capital (JNS) corporate rating was cut to junk.
Keep this on your radar Minyans, because for all the buffers between the holding company and the mutual fund holdings, if investors get nervous they are going to shoot first and ask questions. And that’s a dynamic that within the mutual fund space can take on a life of its own very quickly.
too funny.
Today 12:35pm
American Express Co Confirms it has offered some cardholders $300 to close out their accounts
– customers who accept the offer must pay off their credit card balance by April 30; AXP says this offer is meant to incent customers to pay down their balance.
Forgot to say that various housing stocks will be the best buy in the event of a PM rebound (for daytrading only).
DHI,LEN,PHM,ITB etf
I would buy GLL here.
Phil – You aren’t the only one watching GE. What a POS. But I’d like to catch it when it rebounds, for a trade.
Dave – Thanks for the input in the previous thread
Market is going to force the Gov’s hand.
Look for Tim to drive his Big Wheel out today!
Is the DOW going to drop 500 points today? The chart looks like a ski slope.
Closing TZA here for a 35% gain.
Again pussified selling. I call Bullshit with a capital B.
All in.
Shorting 5,000 YHOO right here at 11.92. The restructuring announcement tells me 2 things:
1) Theyre fucked
2) No one’s gonna buy them.
Target: $5.00
Stop: $14.05
TraderCaddy,
I’m with you on the gold stocks/gold. I wanna be long, I really do, but at these levels, the risk-reward just isnt there to be long. I’m not short either though.
Being a Canadian patriot and all, I’m wondering if the PPT covers the TSX, since that is the market I do all of my trading in at the moment.
Sigh.. the payment system is an ass for non-US residents
the Wall Street Journal reported in its “Heard on the Street” column that GE Capital’s portfolio of commercial real estate losses and its international residential mortgages could be a source of more losses and loss reserves.
Still at lunch. Quit bitching about payment. All true loyal ibc’ers will find it in their cold black hearts to subscribe to PPT, so Woodshedder can get a new toilet bowl.
Bennet Sedacca
12:35:26 PM
No positions in stocks mentioned.
More CDO downgrades
Last week, there were 9000 option ARM downgrades.
If that weren’t bad enough, today S&P downgraded hundreds of prime jumbo deals. Some from AAA to C.
This will hurt the supposedly ‘well capitalized’ banks.
The tsunami continues.
Legging back into SWHC.
I would be very careful of late day fuckery or a massive turnaround tuesday. We are at very very distressed and oversold levels. A test of 7200 could be what people were looking for or even 750. Just watch out.
PPT subscription already paid for with today’s trade.
Woody should flush this fucking payment system down his shiny new out house.
Still getting endless circuitous emails from paypal, a payment system set up to sell Hummel figures, scented candles and Tommy Chong’s bongs.
Too busy for this now.
I am looking for cash flush names that are severely depressed right now as Fly alluded to last week. I know there was a blurb on MV awhile ago on ADBE and I want to mention that I am buying the name here as well just south of 17.25. They have a fuck load of cash on board and could give a loan to GM if needed. I think because of the cash someone will swoop in and take them out, and why not. Personally I would like to see this someone be GOOG, hell they already use a ton of their technology and they align well. 2B in cash, count me in, ADBE is staying with me here.
man tomorrow is going to be an active day.. so much going on. And i am not just talking about Taser’s earnings release.
Earnings from a ton of big names, various Fed speak, and a ton of economic reports. Good times.
I agree with everyong here, GE is one of the top 10 stocks to watch (maybe top in 5) that once it turns green and stays there (if that even happens) that will be a solid indicator of the rest of the markets direction.
But at the current moment, with the market in a fragile state, this is a time for Bin Laden and Gang to attack again and might be on their radar. If they were to attack somewhere inside the USA at this time, the markets will plunge into a death spiral. Just something on my mind.