It’s all over folks. HORATIO CLAWHAMMER has been pummeled to a pulp and tossed into a toxic lake, just south of Asshatville. Let me just say, I’ve been through a lot of short squeezes. Most of the time I skirt them with hedges or quick fire covers. However, this fucking melt up in commercial real estate caught me off guard. I did not see it coming.
I can accept being off on my [[FAZ]] purchases, since banks will be banks. Those dastardly bastards! But this annihilation of SRS, in such short, graceful order, is very, very disconcerting.
My only other short, FXP, hardly moved.
As for my longs: TQNT, WRI, CIEN, GU, ISIL, STAR, TLAB, ERX (sold), DE and EZCH— they did great.
Bravo. Bravo for the man who bought chips and won, then got mugged on the way home, by a gang of big booted clowns.
Off to eat hotdogs, without the bun, and a hot mug of beer (I don’t deserve cold).
If you enjoy the content at iBankCoin, please follow us on Twitter
It’s only money.
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
“Off to eat hotdogs, without the bun, and a hot mug of beer (I don’t deserve cold).”
LMFAO…Have a shitty weekend!
FAZ had 10% real-estate REIT exposure as well.
I like the humbled Fly…all emotional, mushy and stuff…
SRS is my primary holding so I feel your pain to be sure!
Question is what should we do now? Average down? Sell? Just hold?
HELP!! Help!!
The Fly eats circumcised hot dogs
Come on over Fly and watch Oprah with me.
I have cold beer.
Unemployment is great.
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.
So what kind of dogs do New Yorkers like.
Nathan’s with the kraut?
I prefer the Chicago style on a steamed poppy seed bun with a Vienna beef dog. Topped with bright green relish, mustard, a couple of sliced tomatoes, two sport peppers, a pickle slice and some celery salt.
Gotta go and find one.
Even Pisani made a comment about KIM’s success at the secondary today…”But they’ve got a ton of debt coming due”
So, just like everything else in this rally–totally psychotic–fundies are completely ignored.
the CRE moves today were insane. even if the short interest in KIM was 15%, today’s volume was 3x that much.
much like the garbage floats to the top in rallies, CRE may be getting it’s opportunity now.
i’m just as shocked as fly, though.
Nathan’s with the Kraut?
Next time try Harry’s original tubesteak – smothered in underwear, of course, silly!
Holding out for 940-960 just to make Danny eat his words …
Joe’s Stone Crabs for me tonight … Miami Beach!
Just reiterating, here.
I bought some SRS calls, and shorted some GS right at the close.
I will live and die by the sword in the coming weeks.
Fly, don’t let your heart be troubled, my friend.
You shall prevail in the end.
Fly,
So match your hair shirt with a nice barbwire tie and attend services at one of those self-flagellating religious sects all weekend and GET THIS HUMILITY SHIT OUT OF YOUR SYSTEM.
Then get up early on Monday, trot on down to cnbc and kick the shit out of cramer and kneel (sic) before kicking that fat fuck on the morning show down an elevator shaft. I promise you’ll feel all better and back in the groove.
More swagger, less stagger next week.
The VIX closed below 40 today. Is it off to the races next week?
Mustard Seeds- You may be my master but I told you the other day to dump that Dog of a stock and load up on this one.
http://finance.yahoo.com/q?s=CVIV.PK
The CEO is a doper for sure and probably is very mellow the way he treats his pets.
PS Next time get me the Purina and I will then execute the stocks for you as directed.
Ya know, Kaiser would probably do well with that one..shit its got a cup and handle on the day …Fuck me runnin, Kaiser could have got that bitch at 86 cents….
Woof Woof!!
This happy euphoric exuberance stuff has gotta stop – FAZ will gap up and SRS too because it is overdue, that’s all.
Where is Mr. LIMM to talk up the glorious nation of China?
FLY,
Do you take requests, put on 3 Doors Down, Loser
NEW YORK (Dow Jones)–Despite inflicting short-term pain on shareholders, key measures announced by shopping center developer Kimco Realty Corp. (KIM) is receiving kudos from Wall Street as balance-sheet friendly.
The company’s share price rose 22% to $9.16 in recent trading after Kimco said late Thursday it had cut its dividend 86% to 6 cents in the third and fourth quarters. In addition, the company priced Friday 91.5 million shares of common stock at $7.10 per share. Such a deal is commonly dilutive to shareholders and could be expensive for companies, particularly in weak market conditions
They will get their comeuppance!!!!!
Don’t worry FLY, you will be eating steak with tall glasses of beer in the near future
http://www.bloomberg.com/apps/news?pid=20601087&sid=aoRb2zWVSFa8&refer=home
fly, u are a real man to admit losses in SRS and FAZ today. i am sooo in the house of pain right now, I feel like a deer blinded by headlights. i still can’t believe what i witnessed today with SRS. i guess all of the vacant commercial real estate i see all over phoenix is really just a mirage – this space is all leased to invisible tenants. oh, the REITs are gonna get federal loans, that will help….not, just like our govt, how they ever gonna pay them back, they aren’t.
would someone please drop in on north korea and push the damn “launch” button? Oh, mainstream media would somehow make that out to be bullish for the market anyway. nevermind…
Fly,
This drwdown will be short lived for you as everyone knows you run this bitch.
Don’t worry all: every Dog has his day. Even if he is the of Devilish type. And The Fly has 96 eyes.
That ‘Gold will be 600/oz’ figure he keeps spouting, is that in USD or Yuan? And in what sort of timeframe, I wonder? 2030, twenty years after the world drops its FIAT currencies and goes back to the gold standard?
You angered and enraged the stock market gods when you swore off inverse ETFs for the new year and then went back to the 2x crack pipe. Better have alot of chinese goats to sacrifice next week for forgiveness.
Don’t die! We’re just in the eye. The back side of the storm is coming and everything as we know it will be wiped out. You think Katrina was bad, Ha, just you wait!!
“by a gang of big booted clowns”
I fucking hate clowns. Got me an SRS call spread.
“You angered and enraged the stock market gods when you swore off inverse ETFs for the new year and then went back to the 2x crack pipe. Better have alot of chinese goats to sacrifice next week for forgiveness.”
That is indeed a very BOOMER/MOOBERish move…
“Beep beep, honk honk” goes the clown car.
http://www.youtube.com/watch?v=1enywhs7vfk
Did Horatio ever work two jobs for the money hole?
http://www.youtube.com/watch?v=JnX-D4kkPOQ
America needs the money hole!!!!!
Steve the (former [sic]) neighbor can’t sleep anymore without the sound of Fly’s dog howling constantly from being kicked all night long. Fly is down on skid row with all the old men he kicked down the escalator. LMAO!!
Protestors in Manhattan:
http://www.breitbart.com/article.php?id=D97B5NF81&show_article=1
Next March is tomorrow
You fucked up! You trusted yourself!
I’ll swear: You were doin’ a great job taking care of your dough…
But you parked out back last night… and when you woke up this morning, it was goooonnnne!?!?!
We report the money stolen, and your insurance company gives you some more moneeyyyyy…!!!!
Gotta work better than the truth!
The govt did it for all the banks, right?
There’s great news though for you sad saps….SRS is up .06 cents in AH… things are looking up……
Fuck Off Artist we don’t need your bullshit sarcasm!!
I’m going to use my SRS shares to capitalize a bank.
No more marking to market for me. My models indicate that those suckers are worth $666/share, but I’m willing to let them go for $166 apiece under the Treasury’s public-private investment program.
Fly,
Put your testicles back on! Listen to you…Just like Johnny Fontane crying to the Godfather: “Oh godfather,they wont let me have the part in the war film…” boo hoo The Fly always wins…
The Fly appears to be losing…..
just when things appear darkest, the Fly will win yet again!!!!
Youse all need a break! Get the fuck out of town if you can. Go somewhere quiet where you can’t hear the highway, go for a hike; two hours out, two hours back. Whilst in the woods (ideally) eventually your brain will click into the truth. You will come back refreshed and knowing what to do.
Thanks hank, I did that and I suddenly realized that you buy low and sell high. However, the Market Gods must fuk you over sometimes because if it was easy, all sorts of riff raff would crowd in.
“Bravo. Bravo for the man who bought chips and won, then got mugged on the way home, by a gang of big booted clowns.”
That is some good shit there!
Dpeezy to soon to be talking about what your doing with SRS… Its like your dating a cheating ex girlfriend before the statutes of limitations are over with. Its times like today that I’m glad I’m a simple piker. Shit what I’m talking about I still have some $18 UYG… that fucker was up 8% today I swear that thing is BTFO!!!!!!!
Anton… we can now add SRS to the Jerry Lewis stock list. In the best Jerry Lewis voice I now hear over and over UYG SRS.
D.Dog… Fly was right about you— you are a Jinx my friend. Who knew?
I ain’t dating, mrkcbill. Just a 1-night stand. Or 2. Or a weekend. You know how these things go.
Step 1: Treasury sets up program to lend money to investors to buy distressed assets.
Step 2: Banks bid against each other to artificially drive up prices of those assets, with the taxpayer footing the bill.
Step 3: PROFIT:
http://www.businessinsider.com/banks-plan-to-bid-on-each-others-toxic-assets-with-taxpayer-money-2009-4
MrKCBill,
In Jerry Lewis 3a.m. telethon schmaltzy singing voice:
“Can you arrange,
To let me keep the change*,
For my kids**..?”
Normally I’d be sent straight to hell for that, but I already own FAZ and SRS.
Can a brother get a shot and a beer and some cocaine cut w/Drano on a Friday afternoon? And I swear I cut the first person who calls this happy hour. Right across his smirking face.
*”change” = the new value of my trading account
** “Jerry’s Kids” = holders of FAZ and SRS
I’m sorry to hear that Fly. I could get burned as well but bought FAZ after the close @15.47
oh my:
Inside Obama’s bank CEOs meeting
The Kind is dead…long live the King!
I predict it will not be long before Horatio Clawhammer is out painting concrete with brains once again; either him or Plutonium Petey, or Snr Tropicana…the Fly will be down for long.
Enjoy the dogs and beer; see you fresh next week.
You swore off srs and all the 2x inverse etf’s for new years. You should have stuck with that.I’m still loving STAR though. I say it first here, they get bought for $25 a share.
smoked some more FAZcrack today. got smoked. will run out of money soon averaging. Shit, but if it goes up, i’ll have a fine fine day – may even enter rehab! never do FAZcrack again!
Fly’s hot dog dinners and humble posts usually precede a dramatic market reversal.
I wirl be raunching rarge rocket toomarrow. Watch out foh farring object. I drink good ricker juice and watch pohno fwast, den we shoot rocket. Robama wirl not stop me now. Good day.
I am giddier than an AIG 10MM bonus recipient. Why, you are wondering. Because although I bought SRS last Thursday @ 52.60, I sold the Apr 75 Calls @ 5.50. I sold SRS yesterday @ 46.50 and felt awful…until today.
My short ICE @ .74 was working magnificently.
But then….GS put it on their conviction buy list. I sold some Apr 75 P today & held the position as I do not trust this rally.
CE has been ripping, even on down days.
Jenna Jameson should have NEVER had a face lift.
However, this market needs corrective surgery.
“You angered and enraged the stock market gods when you swore off inverse ETFs for the new year and then went back to the 2x crack pipe. Better have alot of chinese goats to sacrifice next week for forgiveness.”
That is indeed a very BOOMER/MOOBERish move…
________
Interesting theory. It was also during Lent, if you remember. I had a curse on my trading all year last year.
Fly, you may want to just stay in cash until 2010.
Moober, the curse is gone. Time to switch your name back to Boomer.
BOOM is rockin’
Fly,
You might need to borrow Chart’s handcuffs for a few more days.
RC – it really is, and I am thankful. I am holding tens of thousands of shares purchased at ~5.2 It’s one of the best runs of my trading career. I am feeling very thankful and humbled by the success. Still holding. It closed above the 50 day MA. I think it is headed to the 200 day.
TLT, the horror, the horror.
http://www.youtube.com/watch?v=xGTe1vF679U
SEC looks at options for short sale rules.
Uptick rule.
Some of us on the bearish side are bewildered, to say the least. Then I look at a chart like this and it’s all a matter of perspective.
http://charts3.barchart.com/chart.asp?vol=Y&jav=adv&grid=Y&divd=Y&org=stk&sym=%24INX&data=E&code=BSTK&evnt=adv
Whatever happened to Mr. Mortgage. The link is still over there on the right, but it still leads to his old blog, and no new blog seems ever to have appeared. Hmm … was he Madoff?
Required reading…
http://www.pbs.org/moyers/journal/04032009/transcript1.html
Gotta love the stab at the end of the interview:
“And by the way, the folks who are the better regulators, they paid their taxes. So, you can get them through the vetting process a lot quicker.”
fuggin hilarious.
————-
Bravo. Bravo for the man who bought chips and won, then got mugged on the way home, by a gang of big booted clowns.
Off to eat hotdogs, without the bun, and a hot mug of beer (I don’t deserve cold).