Boy did I get SRS wrong. Here I am, like a fucking jackass, betting against CRE, while the Fed is giving money away. The short squeeze taking place in commercial real estate is on an epic level. Now I know the longs are wrong and will be proven so in the long term. However, as of right now, it’s like watching a knife twist inside my eyeball.
To comfort myself, in erroneous fashion, I bought some WRI. I fucking hate WRI; so therefore it must be a terrific buy.
My other shorts in FAZ and FXP suck, but nothing like in CRE.
My longs are all headed in the right direction— thank the space invaders for that. But, I am fucking irate to the point of my head popping off, with this fucking bastard SRS eating dirt on a daily basis. On a very personal level, I should have sold it at $60 on Monday. Noooooo. I had to get greedy and hold on—for “one more day.”
To make matters worse, the losers at the SEC will vote next Wednesday to reinstate the uptick rule. By then, no doubt, my little SRS will be like $5 and I will blogging from the discomfort of my local mental health institution.
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Well now I don’t feel so bad.
FUUUUUUUUUUUUUUUCK!!
SRS to the $30s…who knew?
fif?
a different side of the fly…
just a heads up in case you did not see re:STAR
IBD said the 60% growth good except that it is 4th Q of deceleration. I like the company but that stat caused me to lighten up.
good luck with your trade
Jake, how’s MON doing? BTW, you need to learn the game. MON will go much, much higher this year. Anytime, JPM downgrades a stock with 20% growth in this market you should buy it. Jamie Diamond is currently the biggest liar on wall street. I’m sure his big money clients were buying it this morning along with me. Get a clue.
You also need to learn to read as my first sell price of $28 is for UPW not DZZ. I will not be selling my DZZ until gold hits $600. Go ahead and lose your ass on gold and gold stocks. Maybe you’ll learn something like Fly is learning with SRS and FAZ. Don’t bet against the DEVILDOG…you’ll lose big time.
HME is a plague on my profolio, at least I held onto NSM.
My SRS is hedged with URE.
Can anybody beat that for idiocy?
hahaha this is great. it’s like the old devildog but in reverse.
Fly,
At what point do you say “Pardon me, but fuck this shit” with SRS?
I see more empty prime office and retail space around SF than ever, and this market holds up better than most.
But have gov’t handouts made refinancing inevitable and all these bullshit REITs suddenly investable?
Head popping off more than usual here. Thanks in advance.
Dinner party- I would like to host a diverse open steel cage gentlemens dinner party..I would like the Fly, Geithner, Kudlow, Denninger, Hannity, Cramer, and W..yes W to round it out…thats a highlight film, oh and Jon Stewart. Please RSVP- location south of Tampa..Filipina servers and a pleasant setting…
SRS and FAZ just killed me.
pulling out 70% below my highs… going to spend more time and energy on starting companies… fuck this casino
IYR and SRS headed to $30, odd No?
karma’s a bitch you egomaniac. go punch your wife’s mustache off
fly hope your 25% YTD goes to 0 and then more and you write more post like this one, it is just more enjoyable to see you suffer
The uptick rule puts the guy on the floor at an advantage over us independent investors.
Everyone, please take a few minutes this weekend and email your reps and the SEC …ask that they not fall for this floor trader ginned-up witch hunt and that they not bring back the uptick rule.
Karma’s a bitch, Bazar. Watch what you wish for.
Fly – dont listen to the bastards who pile on..i hate people who revel in others losses…fuck’em and their dog.
SRS is my enemy. It mocks me. I shall never surrender to it. I made a sacrifice and bought WRI. That should be enough for the KARMA gods.
I suppose DEVILDOG wins again, despite crashing his Viper into a brick wall.
As for SRS/FAZ URE/FAS … NEVER look at the fundamentals.. Just read the tape.
It’s cool. I give people shit all the time. I deserve to be humbled every so often. This is my punishment for being so awesome.
Please, HME?
It’s up a little. Try being long 10k SRS down 10.
I feel your pain people.
I have been on the wrong side of SRS and FCX and DONT fucking like it!
One thing I’ve learned from following The Fly is that he always wins, even when SRS appears to be ass-raping him
Lot of haters aroung here lately…
Haters eventually wind up in the engine of my time machine.
Well you got a lifetime of fuel from this thread alone.
It’s cool. I give people shit all the time. I deserve to be humbled every so often. This is my punishment for being so awesome.
——-
ok, now you come to your senses
I hate those haters, Goldie.
srs to 0!
I guess FDX doesn’t believe in DOW theory – cutting jobs
DEVILDOG is one letter away from being EVIL GOD.
odd, no?
Wow.
That SRS shows that the O-King really did save the commonwealth.
I guess that means all the vacant office space, and the new boarded up retail space in my town will be filled up soon.
Right?
SRS isn’t just CRE … do your homework…..
someone turn the lights out in Detroit..tell all the UAW scumbags to get the fuck out…dump all the prisoners there and let them burn it down and kill themselves…why not..? let Cramer do a live show in downtown Detroit on the street at 8pm tonight..
WRI is a Costanza move.
no the banks are the ulitmate Costanza move..only for nimble traders..as they will shit the bed by fall
6000 Bankruptcies being filed PER DAY!
http://www.nytimes.com/2009/04/04/your-money/04bankruptcy.html?hp
Oh, that number will be getting better!
NOT.
hey cahs, banks are going up
SRS pounded me good. Think market’s going down, switched to TZA and SDS for next round of rope-a-dope.
wow looks like things are turning around ! Go GREEEEEN
Grim Statistics
The official unemployment rate is 8.5% and rising sharply. However, if you start counting all the people that want a job but gave up, all the people with part-time jobs that want a full-time job, all the people who dropped off the unemployment rolls because their unemployment benefits ran out, etc., you get a closer picture of what the unemployment rate is. That number is in the last row labeled U-6.
It reflects how unemployment feels to the average Joe on the street. U-6 is 15.6%. Both U-6 and U-3 (the so called “official” unemployment number) are poised to rise further.
Looking ahead, I expect the service sector to continue to weaken. Mall vacancy rates are rising and a huge contraction in commercial real estate is finally started. There is no driver for jobs and states in forced cutback mode are making matters far worse.
Unemployment is a lagging indicator, it is likely to continue rising until sometime in 2010.
TLT shits the bed, no bigyy…
Today is forming a doji on the daily chart so maybe this is like 9th February and 6th January, which marked market tops
who stole the volume..? WTF…fuck should have gone golfing
Fuckn got killed shorting GS,
TMOE u still holding it?
When is GS earnings
yep, volume today is almost exactly the same as the volume on the doji day on 9th February
Hay Fly
going home to sew my balls back on after SRS,its not the time,but there will be a time
latter
redvetttes
JakeGint Says:
FAS blasting off.
Mr. 34% FAZ, a word of unsolicited advice:
“Reduce.”
Jake,
I’m gonna be strong and hold over the weekend. This market is gonna reverse, IMO
If I’m wrong, I will happily jump in the Jeep, if there is still room
I thought someone swore off the leveraged ETFs for the New Year. Maybe it was just the 3X(s)? Anyway, not piling on, jus sayin’…
screw this tape and Zack Karabell-well-kell whatever that fags name is…..done for the day.
I’m going back to my shop and finish lapping my new rifle barrel..
today is low volume consolidation day and not the top, next week going up
Jeep is filling up fast! WTF pattern clawhammers shorts to the face!
I just took a small short position in GS
And a bought a few calls on SRS.
F-ck these crazy freaks.
Holy Crap – SRS $38.10 . Didn’t I tell you we’d rally into the close. We were down 70 on the Dow when i warned you all about impending fuckery. Short SPG VNO BXP MAC KIM here and build up your positions. Then start adding SRS once the market turns south. Do the same with JPM WFC BAC GS STI ZION and add SKF once we turn south.
What’s that saying about bear market rallies messing with your head toward the end?
WTF; look at JPM last 20 minutes
Wtf fly,
you even said fas faz will meet. I think they meet $10 ish. Srs below $20. No way you can take a stand long or short, everything gets destroyed on purpose. Who would have ever thought in 2009 we would see a headline for one of the best rallies of all time with dow sitting on 8,000. This really is a joke of epic proportions.
Hey WABISABI,
You took me out of the March Madness you mofo!
Best of luck to you with the remainder of the competition
Cheers!
JR
Fly,
I bought SRS at $38, I didn’t think the order would get touched. Misery loves company?
go punch your wife’s mustache off… funniest comment of the week. i too tried to scalp SRS today. thank god i cut my loss at .60. tape was weak. i’m hosed in FXP for the time being.
So, I go to work this morning and tell the dog, :watch this shit today this market might get weird after the jobs number” Kaiser, the dog, acknowldged and I left. I come home to find the dog drunk in some porn chat room. I asked What the Fuck, I told you to dump SRS if it crossed 46…Kaiser said by the time he looked back up it was crossing 38…the dog says fuck don’t make no diffenence now, its not a trade anymore its a fucking investment.
I swear the only fucking stock I’ll let that dog near now is SIRI…I don’t care go long, short naked or covered..Kaiser’s little romp is over in the big leagues.
6000+ foreclosures per day? Good news. 600k jobs lost? Good news. Earnings down 60%? As analysts expected so good news!
I’ve noticed recently that the media is hell-bent on throwing out the phrase “better than expected” and other such derivatives with every horrid jobs and earnings report. It’s completely feasible that the DOW is going to 9000 whether we like it or not. Government wants the markets up and they’ll keep printing money till it does dammit! Plain and simple.
Like the fly, got creamed on FAZ and SRS this week. Now at a weird cross-roads this weekend to decide whether to hold on one more week or ditch out and take the eventual death medicine spoon.
Jake, how’s MON doing? BTW, you need to learn the game. MON will go much, much higher this year. Anytime, JPM downgrades a stock with 20% growth in this market you should buy it. Jamie Diamond is currently the biggest liar on wall street. I’m sure his big money clients were buying it this morning along with me. Get a clue.
Dawg, I’ve been in MON since $17 bucks ($34 pre-split), so I need no clue.
I just need you to get out of my favorite stock.
Please?
Seriously, I’ll send you a fin.
__________
“BEST STREAK SINCE 1933!”
bahahahaha, since when did April fools DAY, turn into April fools WEEK..This is a joke.
I suppose DEVILDOG wins again, despite crashing his Viper into a brick wall.
A gold brick wall.
Soon.
_________
y’all are Welcome in the Jeep!
________
Nothing in the world is as soft and yielding as water,
Yet nothing can better overcome the hard and strong,
For they can neither control nor do away with it.
The soft overcomes the hard,
The yielding overcomes the strong;
Every person knows this,
But no one can practice it.
Who attends to the people would control the land and grain;
Who attends to the state would control the whole world;
Truth is easily hidden by rhetoric.
– Lao to the motherfucking Tze
Successful poker players fold most of their hands
Trading is not about being right its about reacting to randomness and even irrationality and making a graceful exit or an opportune buy / sell. Ninja shit. Ninjas are not hard asses. Ninjas do not care about being right, they reduce their egos so that their intelligences can perceive everything to its fullest.
This week I learn: Fundamentals can tip the randomness in your favor. but its still random and you still have to react like WATER. the markets are filled with signals from other dimensions (warrants, options, shorts having their effect on the primary. stupid people getting emotional and reacting to their own situations/account and clicking on shit thus sending messages into the market that mean nothing to anyone else).
The best thing I learn from Fly is to extrapolate the idea and look at the collateral damage. If you aren’t learning you aren’t alive.
seems to me the most important thing is what institutional players are going to do, to ride those whales. what do they need to acquire or sell ? what guides their books ?
fly – smoke a blunt and listen to every wu-tang album in order. and nod your head a lot. your a god.
– artha
Those with honour will win in the end.
Misery loves company. I am so with you on this whole screed. Oucherooni, dude. They’re all insane.
Fly, your position in SRS reminds me of your position is SMN last year. You were in at $40 and it was falling every day, but three months later it passed $130. You were right, of course, but you were just early. I suspect the same is true in this case.