So they are going to water down mark to market accounting on Thursday. At the same time, they (insidious dark forces) are funneling tax payer dollars through AIG into the vacation home vaults of the executives at GS. It’s a tough time to be in the business of shorting stocks, while these forces are in the sandbox.
Yesterday’s sell off has been erased by today’s reasonless spike. This is the type of market that people bungee jump off bridges for, sans the bungee rope.
I sold out of my SCO position, which was initiated yesterday at $31.10, around $33. Although I think oil goes lower, I can’t stay short crude, while the market is spiking. I am not selling FAZ, SRS or TLT, mainly due to the positions being tiny. And, it’s worth noting, I am still in a 90%+ cash position.
It’s a meat grinder out there people. Put your fucking sausage costumes on and get on the conveyor belt. While you are busy doing that, “The Fly” will wait in the tall grass for his opportunity to strike a deadly blow.
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Wise words. 2000 X $105 = tiny positions = The Fly = Fucking Dope
Like a fucking Texas rattlesnake with a 10 gallon hat.
not liking my SRS even though its really tiny and started the day green. at least my ACC short worked, thx !
I think its best to get individual on CRE stocks, those with the really shitty books. some of the bigger and better names will spike from time to time when their debt gets a news story and this makes SRS less fun.
Wait for earnings. They will do the short work.
concisetrading.blogspot.com
Fly did you see this shit?
http://zerohedge.blogspot.com/2009/03/spg-defaults-on-mall-loan.html
I am thinking that shortly after the anouncement on mtm accounting will be the time to short. The old short the news trade is being delivered to us on Thursday. of course I took it up the ass on my SRS
gapping,,,
And the “Beat” (Fraud) goes on,,,,!!
Those who give a fuck about shorting CRE take a look at my post above.
i think the market will be down tomorrow, as the q2 starts…up on thursday, for the m2m shit, and then down on friday and the rest of q2 as earnings and all the bad news sinks in……..
Fly
Is it true that you’ve joined Jim Cramer’s team and decided to peddle misinformation. The Flymericans are in disbelief? Would you add to your position in SRS and FAZ at this levels?
Gotta be nimble in this market; as who knows what the government jokers will do or say next to manipulate it. The harder and longer they try to prop it up, the harder and faster it will fall when company results are exposed. Everyone (at least reasonably) knows the death plummet is coming. Yet, here we are up 2%, again. I refuse to be long right here. Even if it means I sit in cash for a bit.
gapping, that article is erroneous.
It uses a doubleplus ungood word. The corrected headline should read: Simon Property Group Pauses On Mall Loan.
Henceforth, all loans fall in one of the three categories below:
–Performing (an antiquated term – the precise meaning has been lost)
–Paused: taxpayers will soon make the lender whole
–Patsied: picked up by the taxpayers
fight on retards..this mkt wants to rally at least for now..
I am not adding to faz/srs.
I rather wait for tomorrows open.
Gappy – SPG is up like 10% on that news. Defaulting is good news. Besides the default is more or less to do with inability to refi in this environment rather than cash flow issues. This big CRE companies can’t refi shit. Thats the whole issue. If they could refi at todays low rates they would be in decent shape.
Short stops getting hit all over the place. Big time manulipulation going on. When they are done they might just short the piss out of the market. Some big boys want to make large coin before QBAMA trys to control the shorts. He will say anyone who shorts more than they go long will go to jail and get fired.
2:30 PM
DHR Credit Suisse – Do not believe Danaher is interested in Black & Decker, says Credit Suisse
Credit Suisse said market speculation that Danaher (DHR) may be interested in Black & Decker (BDK) is “nonsense.” The analyst said Tools is not a focus of Danaher and that Black & Decker makes no sense from acquisition standpoin
I agree its small but its just the beginning of these notes that are coming due. If you look at some of these companies who have notes due that are fucking 5 or 6 times top line revenues, that’s just fucking death (HME). Unless they can float the loans out a couple years they will have to raise a shitload of capital which will no doubt destroy share price.
need I say more?
Gee, that WFC put-rumour (sic) information was helpful wasn’t it?
To someone….
____________
here’s a hope and a prayer for some late market fuckery….to the downside….
It wasn’t a rumor, when in fact is was, ummm, factual.
banks acting well- GE looks like pond scum..odd no.?
Long FAS short GE.
Dumfuks shorting in a BULL run. Pathetic.
Oh, yes, please… let me RUN to work for a company where Barney Frank controls the comp strings!
Dumb DUMB DUMB! And infuriating in it’s shortsighted stupidity!
Yeah, that’s right nooooooooooooo difference AT ALL between Dems and Republicans, right nimrods?
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It wasn’t a rumor, when in fact is was, ummm, factual.
The puts being SOLD was factual.
The puts being BOUGHT was a rumor.
Ya follah?
_____________
Fly,
What are your top picks on the new leaders(early recovery candidates) in the market as we emerge from recession/depression?
Obviously, some of the once high flyers like DRYS, MTW, etc… may not be around in the event of a long drawn-out recession.
booked profits on Qs, entered into short IYR
those “xyz had 2177 puts traded” things are generally useless bc you cant tell if they were being bought or sold, or if the institution bought at the ask or sold at the ask, is the critical stuff youd wanna know.
Jake
You have no way of knowing that. Moreover, assuming that is the case is biased. Fucking banks have been on a beeline to hell for two years. Give it a break.
Dave
I only like TLT at the moment.
I think someone rolled the puts to adjust for risk but whatdafuckevah.
More importantly look at the fucking pussified volume today. We have done 3.3Billion shares today compared with 4.9B yesterday. Unless we have some massive influx in the next 50 minutes this will be a low volume rally that should be sold in my opinion. Its pure manipulation to prop up the quarter. Remember funds must look good for Q1, if not they are done for. Additionally it could very easily be a fake above 800 that will wash out some bears/suck in some more bulls. I don’t think we are done in the 700’s yet but who fucking really knows right.
for every buyer on an executed order there is a seller…what does it matter if they were paid on the offer or hit on the bid??? the market is the market, the peeople who executed the order were ok with the price they were getting…..
when will the tomfoolery stop?
Notice how the oil service cos have been acting poorly the last couple of days (DO,RIG,BHI,etc) since Barrons came out with a positive spin on Sat.
Must be debt issues?
Anybody know where I can get 45 billion bushels of beans?
arnold’s long water, canned goods and the barrett m468 assault rifle. http://www.youtube.com/watch?v=3zMpN_-pcas
MOnstr GDX move ahead?
https://admin.minyanville.com/assets/FCK_Aug2007/File/christy/zam-big.jpg
HUGE battleground in CRE … either up or down 10% every day.
can i know when is he G20 meeting?
and when is the FASB meeting and what announcements are there before i initiate any new positions.
case in point:
PPT-enabled detention cages for the kids
You have no way of knowing that. Moreover, assuming that is the case is biased. Fucking banks have been on a beeline to hell for two years. Give it a break.
You’re right, I don’t have any way of knowing it. But when I see that “information” show up on Twitter and twenty trading blogs in one day, I tend to get suspicious.
Especially given that banks “have been on a beeline to hell for two years.”
IOW, I am assuming “fuckery first.” No bandwagons for me.
____________
indeud.
indeud: definition of a crazed 1960’s hippie living in Height Ashbury section of SF.
outdeud: the opposite of an indued. Known to wear a pocket protector at all times.
All of this shit is on low volume including WFC. I know price is all that pays but when you in it for more than a day you might want to consider the rise on diminishing volume to be a tell. But again who the fuck knows or cares, its time to get drunk and buy bank stocks says Cramer.
This is just fucking great, classic indeed:
http://www.foxnews.com/images/root_images/033109_mrgoodwrench.jpg
Whitney the queen of bank doom saying that you do not want to be short the banks into this quarters earnings.
Most likely fuckery but why get in front of that? Let them rally them up and short at higher places.
fuck her….she is due to be assfucked by Dick Bove…tired of her skank ass- and if Cramer loves banks..watch the fuck out..one will just lock the doors and burn all the money he is an idiot.
Tired of her skank ass…why? Because she was right? At least she had “the balls” to say what no one else would say. I guess you prefer the lemmings on CNBC.