I bought 10,000 GU @ $2.10. And, I bought 2,000 DE @ $36.75
Disclaimer: If you buy GU because of this post, Obama will ask you to step down from your position. And, you may lose money.
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Note the new ad.
Looks like we’re going to be dealing with dip buyers for a while.
FAZ breaking down. Where are all the shorts? Are they all exhausted from all the covering they have been doing over the last 3 weeks?
best is the rejoice font.
Get in the JEEEEEPPP!
Tmoe,
Ask Fly…
Interesting buys. Kind of like mixing Pernod with Zima.
Healthcare lagging. Looks like people are willing to wade into less defensive sectors, like retail, tech and commercial RE.
LOL! Great ad.
I nominate Jake’s party Jeep (you know the one with the blow and girls) to be featured in the next ad.
Sold NAT for 2nd positive trade with it – better leave it alone while I’m ahead. FAZ becoming slightly worrisome – my longs are over 10 times my FAZ, but………..
Fly often goes with “esoteric” stuff – like GWR. Here is a couple more “esoterics” – CODI & ONAV.
Fly
What do you fundamentally like about DE?
Uncle Ben just mentioned that TALF will be expanded to commercial mortgages.
Could hurt SRS.
GLTA
In his last missive at Merrill, Rosenberg explains why getting all bullish and shit is really a form of mental retardation.
http://www.businessinsider.com/henry-blodget-merrills-rosenberg-a-new-bull-market-are-you-out-of-your-mind-2009-4
Satanic-
Thanks for the link. I was at an event in November of 2007 and Rosenberg presented. He had a shit load of charts showing the bubble in both residential and commercial RE and it’s coming burst. I quote from the end of his presentation ” The best thing that you can do for your clients is to start to move them out of equities and into treasuries and cash”
He saw it then and he has it right now. With jobs being loss at the present rate housing will not stabilize and the recovery will not take hold. I don’t care what the so called experts say about unemployment being a lagging indicator.
If you’re going to pick an industrial, DE is a great choice b/c of the ag. No point bottom fishing in TEX, in contrast, which has weaker finances and a worse sector right now.
Fly, any comment on the gambling stocks ripping ahead for the 2nd day? WYNN and BYD up 40%.
“Note the new ad.”
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Huge improvement over Madoff’s ugly mug ! imo
.
MAC up 25% right now……..
Longs will get murdered next week.
This absolutely makes no sense.
… and yet another win for the graphics dept. too funny!
hopefully, there’s more bad news so the market can continue higher! christ!
when does it stop
Just to let you know that the Hare Krishnas are going door to door selling vacuum cleaners.
They try to get in your house under the guise of selling Orecks and then convert you.
I wasn’t fooled as I could tell who they were by there robes, shaved heads and incessant chanting. One was gnawing on a macrobiotic rice cake.
Thought I should let you know.
Back to Oprah. Unemployment isn’t so bad.
thank you sir, may I have another
Bad is the new Good…black is the new white..stupid and unemployed is the new Yuppie..its all Costanza now…until it blows up again…put on the sunglasses cause the future is just soooo fucking bright…
Mr. Fly, what if anything do you think you’ll keep through the weekend?
Today’s Real Payroll Number: 750,000, Total Unemployment Rate at 19.8%
Read Zero Hedge blog…
If bad is the new good, why don’t they tell us ALL the good news?
Boring fucking day.
low volume
no direction
However the VIX is coming off a bit after holding in there during yesterday’s rally. Are people becoming complacent?
Since seemingly noone has pondered this yet, please recall over the last year+ that the CDS market was heavily driven by speculators: CDS demand up -> credit perceptions down -> stocks down. Reg’lar moneymaking machine for shorts.
Guess what? All that works both ways. Since the %of CDS positions that were spec positions, rather than hedges, was like, what? 60%? 75%? who knows? should there not now be a bunch of CDS positions that are in play? Now that credit mess is ebbing, all the wildly profitable CDS positions need to be sold at the top like barrels of financial oil… snake oil, if you prefer. So now we reverse to artificially inflating positive perceptions of credit quality… coming soon to a credit market near you.
Another unfair, bogus, BS nail in the bear case, but, then, mother market was never big on integrity.
Can someone recommend a good coke dealer?
agree cash, fucking joke
Bought 2700 MON @ $77.07 earlier this morning. First sell target at $98. Holding 20K shares of DZZ @ average cost of $19.08. Holding 18K shares of UPW @ $19.28. First sell target @ $28.
Fly you still buying SRS and FAZ?
SRS to $30s…who knew?
Jake and j, how much are you guys down on GLD? You figure it out yet? Gold to $600.
The DEVILDOG S&P rally continues and gold heads down. Odd no?
Off to drink some rich man’s whiskey and eat some bear steaks furnished by Fly.
well since Dis was downgraded and only a quater of families are now visiting, better buy a position!
The recent move isn’t supposed to make any sense. The overall trend is down, although the downward slope is shallowing.
Green for the day – green for the week – let’s wrap now!
@ opposite of thought…yeah lets all go to Disney World… Minnie gives great head but she squeaks and Mickey is sooo possesive
RE: CODI
I took that shit public back in the day. Great bunch of guys. Serious.
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Jake and j, how much are you guys down on GLD? You figure it out yet? Gold to $600.
Douchenozzle, I’ve been buying real gold since $270 and GLD since the $400’s.
Please hold DZZ “to $28,” Douchnozzle. But first, sell my MON you position cancer.
BTW — purchasing more RGLD here @$43. First purchases… $4.20’s.
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FAS blasting off.
Mr. 34% FAZ, a word of unsolicited advice:
“Reduce.”
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