Believe me, I am not going to turn this classy joint into some sort of fucked up internet infomercial for my “premium products.” We worked really hard on developing and rolling out the product. So, I had to give it a little face time.
For those of you who signed up, thank you very much. For those of you who did not, you are now my enemies.
As for this tape:
The assholes in the government are fucking brain dead. The market says “BOOOO!” to the Citi deal, mainly because we all know C is dead. On top of that, we have a serious problem in the commercial Re space.
I am telling you now, the mess in Commerical Re is going to make the banks look like a fucking 3 year olds birthday party. What the fuck are they going to do with all of those damn buildings?
Once again, shorting ESS, FRT, MAC and SLG makes sense. Just so you know, I gave a few new picks in The PPT and I will have no intention of sharing them here.
Don’t mind me, I’m just being an asshole.
With my money, I want to lean on the euro here, via DRR. As for my longs: none of them are really significant or worthy to speak of.
I am not buying or selling anything, as tempting as it is. The only thing I am fixing to do is bring cash levels up to 60%, while gingerly adding, on occasion, to my robust ERY/DUG positions.
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Once again my positions are bring me smiles. As I have posted here for weeks they are
REW
SRS
TWM
SKF
Short KIM
SHort GS
Short SPY
Short NOV
Get in the funnel!
Happy camper here as well. I will not close shorts until we see the VIX at 75 (it’s at 50 right now). I’ve been holding to the same positions for over a week now. Not adding or taking off shares — just sitting patiently, watching gains add up. 😉
Shorts:
AAPL
AMZN
BBBY
BBY
HOTT
CPKI
XOM
DUG (long)
Longs:
SWHC
USO
By the way, is anyone else still riding rocketman SWHC? That stock is on fucking fire!
Guns, baby. GUNS!
RGR too no?
You think this euro will keep on top of the dollar for long?
Wow, I didnt even know RGR existed. Interesting. I see they report around the same time as SWHC — in early March.
Good call, Fly. I’ll have to do some HW on the name tonight. Technicals sure look decent.
Fly-
I like the DRR pick. Europe is in trouble. The European financial system is going bust. There are reports of some of the banks being leveraged 50 to 1. In other words they and the Euro are fucked. There will be a flight to the dollar looking for quality. This will drive the dollar higher, much like what happened during the depression
Volume is a little thin on RGR. Also, don’t forget sporting goods stores.
360 a year for the PPT and people are bitching and asking for free trials? For all the time and effort put into this site, consider it a yearly donation for the content alone. You should raise the prices to 1000/year to keep out the yahoo MB scum that complains about this.
Do I have time to get a sandwich?
MCO getting hammered the last few sessions. Govt. is going to pay them shit to rate the toxic shit they got wrong the first time
Fly- probably a dumb question, but does the PPT also rate ETF’s like SPY, QQQQ, etc.
Yeah, I think I’ll stay away from RGR. It looks like more of a sporting gun play.
SWHC has deals with law enforcement, making it a more well-packaged play on civil unrest.
tmoe: yes
It does it all.
Wolf
Well said. But i have bigger plans for PPT than just internal iBC subs.
I think it is priced fairly.
Some of the airlines are at October support levels. DAL for example, trades in a wide channel.
DRR looks awesome.
I’ve been meaning to get foreign currency exposure for weeks but wasnt sure of the trade. This looks like the way to go as Eastern Europe braces for sovereign defaults.
Getting long an initial 3000 shares right here at 54.78. As long as we hold over 50, I’m long. If we test 52.80-53.00, I’ll double the position.
The Euro will collapse. Everyone is expecting the dollar. It will be the Euro.
Technical pullbacks: PPT Buys on Fund and hybrid only damaged technicals signals. (temporarily)
NFLX @ 35.85
AVAV @ 36.81
It’s killing me I sold all my SWHC on Friday but I’m not chasing it here.
Not for nothin… but TNA just ever so slightly undercut it’s November 21st lows ($17.07).
Hmmmm… I am watching TNA.
And the stock too.
_____
Wow, DRR is pretty damn illiquid. Just noticed, very little volume. 🙁 Hmmf. Well, out go the limit orders. Wish me luck.
“Tattaglia’s a pimp. He never coulda outfought Santino. But I didn’t know until this day, that it was Barzini all along……”
Phil- What I hear and read is that people here are not necessarily afraid of civil unrest but rather an Obama play to severely restrict the 2d Amendment. The fear is especially towards the ammo which rumors say Oabama intends to tax heavily.
Ammo (and weapons) have been flying off the shelves since the election.
http://blogs.tampabay.com/bizarre/2009/02/bullet-shortage.html
Henry,
To your credit, I bought SWHC on your call a few weeks ago, at 2.41. The whole trade makes awesome sense. It’s a shame you’re not in anymore, but I dont blame you. This market is a tough one to hold through. I’m just waiting for earnings. In the even we rocket the fuck higher, I’ll set a trailing stop and wait til it gets me out. Or I may get out of everything at 3.50. Still havent made up my mind.
Well, if you’re the government, you damned well get all the guns before we do.
SWHC and RGR have room to the upside. This can become a popular trade again.
The Euro will collapse. Everyone is expecting the dollar. It will be the Euro.
Seriously, this piece of shit could trade as low as 1 this year with a full head of steam.
The most over valued piece of shit is the Norwegian Krona that currency is a child molester it’s so bad. the place is just a socialist dung hep living off oil.
TraderCaddy,
Awesome article.
I’m aware of the Obama effect and the bump to 4Q08 sales (that’s why I plan to hold into earnings). The numbers in your article, however, blow me away: “doubling of sales”. If these numbers are representative of SWHC’s business, this stock could see $5 in the next 2-3 months on a move-the-fuck-over-I’m-the-rocketman RALLY.
Yes, the other side needs to be armed also.
By the way, I have checked a little bit into the rumor of ammo shortages, and so far I am indeed having some trouble locating rounds that are usually in good supply.
I couldn’t get a decent reason for this, but I don’t know if I care enough now to dig any deeper. But maybe there is something here for us to bank on.
The three year chart on SWHC will make you puke.
TASR not doing so great right now.
TNA unofficial theme song (Starts at about 2:00 if you want to skip a bit).
__________
Starting to leg in to TNA here, at $17.12 — very tight stop ($16.94).
_________
SFLY which I’m long also presenting nice pullback to buy.
Fundamental Breakdown
Debt/Equity 5
PEG Ratio 5
Price/Book 5
Price/Sales 5
Profit Margin 2
Overall Fund. Score 4.40
PPT Recommendation: Strong Buy
It looks like foreign made ammo like Wolf(Russian) is what is in short supply. I haven’t seen any shortages of Federal,Remington,Winchester, etc…
OLIN ticker OLN is a chemical company which produces gunpowder. They are in a serious downtrend at 6 year lows.
Bubba buys SWHC
“Don’t mind me, I’m just being an asshole.”
The Fly = The Real Slim Shady
Please stand up.
Enuff said.
Jake – What you seeing in TNA? Reflexive bounce coming?
i love your marketing approach…! if you dont buy my product i hate you…hahahaha. i am going to try that at my job…
Jake – What you seeing in TNA? Reflexive bounce coming?
That’s about the extent of it, yes. Oversold, even more than SPY, so, instead of SSO, TNA.
________
TNA was a short lived bounce…that fucker is falling through the floor now. Holy crap what a day!