Today I shall forage my local eateries, in celebration of my latest win.
Don’t try to do what I do at home; you’re simply too stupid to figure it out. I’ve been at this trade for a long time and take it seriously. Mind you, there is no fucking around with me.
Into the bell, I was fully invested, 50% long, 50% cash. My top picks vary. Go check today’s posts for details. God willing, I will be selling some of the lesser quality names in my portfolios, inside of a week.
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Bravo! Today I was up 14% myself with my only laggard DXO late in the day. Let’s hope we can put together the first 2 day rally since Feb 6th tomorrow!
So we have Bennet Sedacca posted saying credit is improving, CNBC posted saying credit is crumbling again. Who is the liar?
Here’s to winning.
“Disclaimer: If you buy AXP because of this post, your only daughter will marry Zach Karabell. And, you may lose money.”
HA!
The Fly is God
trait?
oof.
fuck yes. let’s buy some fucking shit.
This may be totally irrelevant.
“Identification of risk at Citigroup is based on two sets of scenarios: most-likely and worst-case scenarios. The two sets of scenarios are developed by a senior committee called the Windows on Risk committee. The most-likely scenarios are constructed for countries and for regional markets. They include an outlook for the country and regional economies and, for the most prominent countries in Citigroup’s portfolio, a geopolitical outlook as well. The most-likely scenarios extend to eighteen months. The worst-case scenarios define adverse global economic or geopolitical developments for a set of variables known to correlate with Citigroup’s performance. They extend to about two years.
The preparation of these two sets of scenarios by the senior committee is backed up by the work of hundreds of people. A team of executives and analysts is dedicated to the task of coordinating the collection of raw data from internal and external sources and analyzing the data to turn them into a usable product for the committee to discuss. Citigroup takes this task very seriously. The collection is based on all key internal reports pertaining to the analysis at hand, culled from 500 senior credit and securities officers and other line managers in the various countries and regions where Citigroup operates. In addition to the secondary research, the early warning team conducts extensive interviews with internal staff analysts, senior lending officers, and outside experts on industries and regional economics and politics.”
Written in 2004.
lol to the shorts that held into yesterday’s close. no pity for fucktardedness.
no way shorts pile in here again for a while. TLT hitting 101, USO/GLD dropping anyway, money piling back into equities. I’d like to see minor profit taking, but who knows, we could move “fuck you higher” without stopping.
Who is that handsome gentleman in the photograph? He’s so bronze.
former countrywide CEO, Angelo Mozilo.
The Zombie is Zach Karabell’s bastard child.
Jed bids on second hand polo shirts on EBAY.
I threw the kitchen sink at equities last friday so I was teetering on the abyss yesterday. I did shift some weight into the biotech sector today.
The Zombie bids on used condoms on EBAY.
I will be buying 5 shares of FAZ in the mid 50’s. It wont go lower than 50 this time.
All Aboard!!!!!!!!!!!!
Picture is actually of George Hamilton.
Today I will have a feast so lavish and decadent that everyone will be mesmerized by the spread across my huge dining room table. Kentucky fried chicked with macaroni/cheese and mashed potatoes for all who are graced with my glory. I will even bend the rules and allow pepsi to be served to the undeserving waifs.
George Hamilton, a.k.a. The Fly.
3 minutes into Cramer and he just called bottom LOL!!! What is that #39558 bottom call from him?
Actually, The picture is Bob Barker 20 years ago
The best part of this is that the shorts are all still there, plotting their doubledown, just waiting for the next press release.
The worst part of this is… well, there Will Be a next press release. But, hey, I’ll enjoy it even though I’m technically not looking at the markets till 2011…
For Darius above:
Pal, you think too much. I worked at Citicorp for half my career in various posts from FX Trader to Regional Teasurer. The glory days are gone, and if you even think of owning the stock for more than a trade you are going to get killed.
You need to relax, retire on the stock you should have sold ten years ago when that fuckwad Sandy Weill came onboard and immediately began to destroy the finest financial institution on earth.
Meanwhile, I will continue to sit by my pool here in Scottsdale and drink whatever suits the moment.
When I need a little exercise I’ll hop on my Harley Screamin’ Eagle Deuce and cruise around hitting all the biker bars and gawking at all the dumbass tourists enjoying our 80 degree winter temps.
Fly, when you get tired of the NY beat, c’mon out West. there’s lots of room and the real estate market is cheap right now (except in the upper end which never drops here).
Does Cramer really think shorts killed this mkt?
TenDollarTommy, was just something I was reading, thought it was pretty funny, considering.
Rep. Barney Frank says the SEC is going to reinstate the uptick rule. Bernanke wants to ease mark to market.
Whoa to the shorties if they do that.
A well written– and affecting– piece of journalism. (Who knew?)
_________
Who’s watching the economy?
Coming to a theater near you!
___________
Maybe we rally for a week or two. There is no real reason for the overall trend to turn positive. We will still make new lows down the road.
Who is going to employ all those ex-fulltimers finding themselves pink-slipped at a comparable wage? Windmill factories? That’s the ticket.
Now, that’s what I call healthy confidence!
I see this as undisturbed calm, not offensive boastfulness.
Or as Kid Rock likes to put “It ain’t brag’en motha effa, if you can back it up!”.
Please parden the cussing.
50 % long 50 % cash… I was fully invested?
whatever i don’t care about your bad news, just enjoy the RALLY TIEM NAO, stocks will go to zero later.
ben bernanke doesn’t want to ease mark to market rules…..
By the way if you were with me on this trade last night I closed mine today at 712. Yes I missed a little but risk management is important right now and it was one fucking hell of a move. I was in at 680 and out at 712 for 32 handles on the SnP, you do the math 🙂
# gappingandyapping Says:
Buying 10 eminis here, will hold overnight. Lets see what happens.
March 9th, 2009 at 7:54 pm
Jake- Remember the airline (inexpensive) I told you about? I’m on an e-mail list and I noticed a $59.00 R/T from Owensboro and Lexington, Ky to Orlando area.
It may be worth the drive for you to fly to various destinations (they fly to second tier places near major cities). I have used them before and saved big bucks. I have watched their stock price over the years and it has always held up compared to the others.
Just info for you.
http://www.allegiantair.com/
Jake,
thanks for that article on Mr. Shneidman.
You are most welcome, my friend.
__________
TC —
Thanks for the heads up… Lex is not too far to save some dough.
_____________
FYI to FLY but I’m sure the PPT knows best!
7:36am
Goldman Sachs Downgrades American Express (AXP), Adds To Sell List
StreetInsider.com
http://www.streetinsider.com/Downgrades/Goldman+Sachs+Downgrades+American+Express+%28AXP%29%2C+Adds+To+Sell+List/4476591.html