This is my last post of the day, due to a prior engagement.
I am holding onto my FAZ/SRS/SCO/TLT positions, mainly because I sense something is amiss, with this here market.
Take a look at the open interest in WFC April 10 puts— out of control. Right now, there are 107,000+ open interest for the contracts, compared to 63,000 for the April 15’s. And, to push the dice roll further, someone bought a boatload of April 7.50 puts. Open interest for the 7.50’s is 41k+.
Normally I put zero credence in such things. However, considering the balance sheet of WFC, coupled with the fact that past put buying extravaganzas in the banks have been excellent accurate predictive tells, such as the Bear bankruptcy, it’s worth a mention. That’s all.
If you enjoy the content at iBankCoin, please follow us on Twitter
Cramer is out of his fucking mind. This man has just done an all-in here. If he fucks up I too believe he is over with. Fly if WFC gets fucked somehow it will come from left field and could be devastating. Bet accordingly.
looks like 100k 11 puts were closed out and the 10s were added-to today. interesting, indeud.
Sold and went to cash. Made 15% on this rally. Would’ve done better if my stop hadn’t been missed by mere pennies on Friday. Oh well.
low volume pullback
Listen, Cramer has a job to do – he is trying to maximize the losses for his followers who call him and say, “BOOYAH”!
WFC shitting the bed…that would be too fucking funny after all this…
The 10’s and the 7.50’s were active. With there being that positive of a change something is about to happen unless its massive hedging, although hedging or shorting whats the difference really. I am taking a stab at short WFC, small trading position and I will use it against my short GS profits that I will be closing out today.
Fly, what do you think of jumping into faz tomorrow?
Cheers.
stopped watching him long time ago… have better mental health 🙂 and donot feel any anger either… and the morans who call him – they will learn their lesson too, just give them a time.
That bitch SRS swallowed every drop and she gave me the cab fare home.
The Fly gets his ass kicked, by his own trader.
http://www.youtube.com/watch?v=n9_nGwVV_gw&feature=PlayList&p=6D7C78E962EE4D44&playnext=1&playnext_from=PL&index=65
would love to see a mob of idiots who watch Cramer..beat the shit out of him live on Mad Money
Will Fast Money be worth watching now that Dylan is gone? Doubt it.
T-Moe,
What source are you using to track the option volume on the stage-coachy one?
More WFC puts being bought. Could be followers but who knows. The name is under pressure pretty good. Something is really leaning on it.
WFC..volume on stock is very light…makes me skeptical it will implode…more ripe for a reversal
I use TOS platform. I was tipped off on the volume by a smart broker friend of mine who knows his shit about the banks. He is the same person who told me in 2007 that Bear, Lehman, Merrill and WaMu would go BK. No shit! No Lie! He has a fucking crystal ball and is the reason I became and stay bear. Props to him
this Michigan governor skank is too funny…Michigan will reinvent itself..yeah into a fucking ghetto…with street wars…cant wait to visit..fuck you skank go buy a Honda
Will Fast Money be worth watching now that Dylan is gone? Doubt it.
———————
was not worth to watch even with him.
booked profits on IYR short, went long Qs
Late day chicanery pleaz
Fast Money is a pile of wet turds now.
looks like all the banks found their way to the moving averages. WFC looks like barbaro. not good.
wouldn’t surprise me to see the banks lift tomorrow, but i wouldn’t make a bet either way.
you mean Lose Fast Money…all retards…greaseball idiot Terranova…Adami-alias “just laugh at me”…Najarian…fucking jerkoff ponytail cocklicker..
It was a glorious day for myself as I finished dead flat. I traded in my GS short after a 10% gain for a WFC short. I also noticed that Commercials shit the bed again, my HME and ACC exploded higher. While its true DXO sucked wind I am pretty happy with it as I wanted to buy back my position I sold north of 3. Tomorrow will be the tell, if we shit the bed again look out.
Gapping-
Way to go on the GS shorts. I am going to hold mine for a while to see what happens going into the earnings reports next month. I won’t let it get too far away from me though.
Glad to see that people are actually reading some my posts.
If tomorrow comes out of the blocks like today the bulls will start to shit as reality starts to set back in.
Cash-N-Guns Says:
this Michigan governor skank is too funny…Michigan will reinvent itself..yeah into a fucking ghetto…with street wars…cant wait to visit..fuck you skank go buy a Honda
+)(%)
@)(#@($)$)))#$!*&@#&$%*^(
Being from Michigan myself and having had the pleasure of speaking to the governor herself. I can say that she is an intelligent woman. Socialist Canadian import, but intelligent. The problem with Michigan is that the entire state is tied with rawhide cords to the Big Labor and Big Auto industries. Until we get unraveled from those we are stuck permanently in the shitter with more people sitting down and doing their thing on us everyday.
Thanks T MOE I got short it (GS) when you posted you shorted it last week. Thanks for the tip off on WFC, lets hope it plays out.
Hey, I resent that.
I am better looking than WFC. At least I used to be when I was alive.
i closed my MS puts for 50% gain but could get even more towards end of the fay, good trade with GS/MS shorts
I want to know if I buy a GM car from a dealer that gives a free oil change for life and if the dealer and or GM go belly up can I take my car over to my Congressman’s house and have him change my oil for free?
Completely unrelated commentary dept:
Sorry, but this comment by Anton about his last trip to Vegas, which he left (also unrelated) on my Peeg post on the AIG guy made me choke on my cawfee, so I figured I’d reproduce it here:
Don’t know if it was the time of year or what, but it seemed all of Vegas was filled with more toothless white trash and thug wannabe whiggas than I ever remember.
You know it’s funniest when it’s “true funny.”
___________
________
Jake,
Didn’t mean to spam your Peeg post. Sorry. I was reading thru the site and saw something about DPeezy looking for a good room rate in Vegas for an upcoming trip, then saw he had just commented on your post, so tried to throw some money-saving info his way.
If you read about a guy with a funny haircut getting into serial fisticuffs with a bunch of Marshall Mathers knockoffs on The Strip shouting “Put that effing baseball cap on straight, Vanilla Ice,” you’ll know how I spent my spring break.
In regards to your post, do you think Liddy regrets his decision to come out of retirement and help unwind AIG about now? I wouldn’t have taken that beating by those a-hole congress clowns during his hearing.
But I would have stood up for my employees better, too.
That VP’s letter was understandable, but I would have liked it better if he had sent it to everybody at AIG first, rather than straight to the NYT.
Anton — do we know that’s how it happened?
I’m not a big one for airing anyone’s dirty laundry either, but there was more a civic reason to publish that one publicly than say, that editorial photographer’s vengeance is sweet tell-all about Dummy Dykstra.
(Which I filed under my “No Shit Sherlock” tab in the research draw, btw…)
_______
Also, don’t ever feel about filing unrelated shit on my posts. God knows, I do it all the time.
And if it’s hilarious like that one*, it’s doubly welcome.
______________
*(I’m going to lobby Danny to put “thug wannabe whiggas” into the iBC Dictionary, I do believe.)
_
Dylan Ratigan apparently no longer on Fast Money. Melissa is prettier but not nearly as eloquent.
Jake – The way they posted the letter in the editorial page, I understood that it was sent to them, not forwarded by an employee. Small thing, maybe, just not how I would have done it. That letter was WSJ-, NYT-, FT-bound in any event.
Also, totally agree that the real story is AIG paying the counter parties 100 cents on the dollar, not the bonuses. But on that score, this was kind of interesting: http://blogs.harvardbusiness.org/mcgrath/2009/03/facts-dont-matter-in-the-case.html
Yes, the Dykstra thing was truly a “No Shit” revelation, but as much airtime as this guy got as a “guru,” and the fact that he’s STILL writing for TSCM made the true depth of his sleaziness and fraud kind of amazing. I’m glad the guy wrote it, even tho these kinds of stories always taste a little of sour grapes.
I will read Vincenzo’s Fly tell-all just the same.
Sounds like a bear raid.
Market is so jumpy over the banks anyways – wouldn’t it be possible that someone just bought a truck load of contracts to “assist” their shorts?
http://www.andykessler.com/andy_kessler/2009/03/wsj-have-we-seen-the-last-of-the-bear-raids.html
HT to Howard over on Twitter
Ratigan walked out. He quit. Old news, happened over weekend bro.
Tiny Tim said this weekend that someone will need SUBSTANTIAL Funds soon…. WFC
OH MY GOD! Am I really seeing Cramer say buy the banks tomorrow? Does this guy just like putting his cock in the guillotine and hope it doesn’t fall? Fucking reckless is not even enough to describe it. Good god maybe John Stewart really was right. If we implode tomorrow this man must be put off air.
Someone give Cramer a Cock Shot.
http://www.youtube.com/watch?v=YfYijyWMAjo
@Anton/Jake:
Yeah, as per Anton’s advice (which, while unrelated to the “discussion”, was posted in the likeliest place for me to see), I will be taking a few extra members of the posse along for the trip. Can’t be too careful with the “thug wannabe whiggas” around.
Also, no straying off the strip this time. Perhaps I’ll just restrict myself to the Venetian-Bellagio-Caesar’s holy trinity. As much as I like the Palms & Mandalay Bay, I’m not sure I want to risk crossing the dangerous open waters/boulevards.
DPeezy,
Yep, can’t go wrong with V-B-C, especially for a short trip. Mandalay Bay used to offer free shuttle service down around Caesar’s and other places, but with the economy as it is, that shuttle might be one-way to their property now, Hotel California-style.
Also, we saw Ka at the MGM last time (I was with a LADY, okay, so I’ll hear no Cirque du so Gay bullshit, thank you) and it was actually pretty cool.
Have fun and report back as to the deals/crowds you encounter.
Taking the brushbuckette to Vegas tomorrow for a couple days for our anniversary. Got 2 free nights with other freebies at TI. LV is only 115 miles (our driveway to McCarran). Stayed at most of the joints over the years (always freebies). My favorite–RIO (free shuttle bus to Harrah’s). Her favorite–probably, Paris.
Regarding that Cardinal Freight Train a few posts back, they got done run over and derailed leaving nothing but but a burning mess and noxious odor.
Getting real tired of Pscho T, Carolina blue bloods, and good ol’ Roy. Go ‘Nova!!!
T MOE, keep us up on anything your friend sees in his crystal ball…..sounds like he gets the scoop right on time and relays it to you……
lets give your friend a handle so we know what the source was.
my suggestion is “MerlinsThirdCousin”
so when you write,”MerlinsThirdCousin say this….”
we know what the deal is.
good stuff, keep us informed….
by the way….
fuckery is afoot.
Rick Wagner of GM always said bankruptcy is NOT and option, but with him “stepping down” all that goes by the wayside.
So the “new” CEO does not have to play by that statement.
my 2 cents worth is GM is going to file for bankruptcy and get it over with. And, by the “new” CEO doing it, everyone will think it is alright….
if so, basically Wagner was lying though his fucking teeth….if GM is not in need of bankruptcy, then just because there is a new front man shouldn’t change things….. but, fuckery is at play, and if so, if the new CEO files for bankruptcy, can someone file federal criminal fraud/fuckery charges against Wagner for lying?
or at least can we send Cash-n-Guns down to punch his sorry-ass in the nose?
Artist – they would never hire you at GM mispelling Wagoner’s name and all.
Wonder what Rick is going to do with his 20 mil?
How come we haven’t seen Hank Paulson talking to Maria lately, is he still in the Country?
Wild times indued! Fly why bother shorting Texas of all places…how bout NYC?
http://thedanzatap.com/?p=4523
Tweety bird hosting fast money, shit! Have to go back to watching reruns of Gilligan’s Island.
Not so much a Tweety bird…
More like a Kissing Gourami: http://qfichennai.files.wordpress.com/2008/08/76.jpg
@ Artist:
I like it!
“MerlinsThirdCousin” is a good idea and has been logged into Carnivore software. Of course we’ll alert the SEC if there are any hits.
Easier money? Work ofr a multinational or run for office. The Gov salaries are so-so but lots of free stuff.
mrkcbill, yep…..wasn’t thinking, “wag-o-ner”
looks like LEN results are in…
LEN Lennar Reports First Quarter Results
March 30 /FirstCall/ — — Revenues of $593.1 million – down 44% — Loss per share of $0.98 (includes a $0.35 per share charge related to valuation adjustments and other write-offs; and a $0.36 per share charge related to a non-cash deferred tax asset valuation allowance) — Gross margin on home sales: — 14.3% (excluding SFAS 144 valuation adjustments of $40.8 million)
and this ain’t good:
Tiffany’s largest shareholder cut 21% of its stake last week, Barron’s reports
Activist hedge fund owner Nelson Peltz’s Trian Fund Management sold 2.3M shares in Tiffany (TIF) on March 25 and 26 for $51M, or about $22.64 per share on average. … Barron’s reports. Trian funds continue to hold about 8.4M shares, or 6.9% of Tiffany’s stock and remains the largest shareholder. The Trian funds appear to have sold at a significant loss.
MS: “WE cannot see the upside, sell usa equities now…”
http://www.bloomberg.com/apps/news?pid=20601087&sid=aEaj0AIFX2w0&refer=home
how do those lennar numbers compare with the estimates
LEN numbers were -.98 vs -.64 ests