iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,446 Blog Posts

Fade the Swine

The odds of a worldwide pandemic breaking out, while the world is in recession, thanks to a banking collapse, is so far fetched, you have to fade it. Really, you fuckers are just waiting, circle jerking even, for the end of times. If you want to die so badly, go sign up for a war or some shit.

As for me, I am buying this dip with two hands and three legs, long CROX, SONS, DELL, OVTI, LVLT and ERX. However, it’s worth noting, I cut a loss in TBSI and took egregious profits in STAR (half position).

Look, I can’t short CRE, while the sector is down to the tune of 10% intra-day. I can’t short banks, because I am afraid of government fuckery. How can I short tech, while AAPL, RIMM and DELL go higher everyday? At this moment in time, the bears best hope is for a fucking pandemic to start killing people WW2 style. I can’t get behind such idiocy.

Nonetheless, people will take the path of least resistance and may continue to sell into the bell. I would not be surprised to see a lower open tomorrow too. But, at the end of the day, I am comfortable giving the rally the benefit of the doubt, mainly because “The Swine Trade” is absurd and fucking ridiculous.

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36 comments

  1. the prof

    Maw still working the levers in the back room with Amazon while the Prof’s hairline and neckline are about to meet.

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  2. TheArtist

    Dennis Kneale is an idiot!

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  3. That’s odd, you can buy Dell when it’s up 30%.

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  4. watcher

    the swine trade in itself is idiotic you’re right but combine it with overbought market that has rallied record levels… and you get a good reason to sell.

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  5. Cash-N-Guns

    Dennis Kneale should be forced to eat rare pork chops till he gets swine flu, or has a heart attack on air…flaming penis faced jackass.

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  6. The Fly

    +30%, but down 50%.

    All depends on how you view it.

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  7. CavemanForecaster

    Good call fly. Completely agree with this swine thing being overblown. I am not sure however how long it will take for the hysteria to peak out so it may be too early play the fade on it even tomorrow, heck it could take weeks. Should be interesting to watch it play out however.

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  8. TheArtist

    I view the glass half empty…..and this servant of mine needs to top it off…

    Fly, anyone up there getting a sniffle?

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  9. bhbusa

    what are your thoughts on usu, pretty good volume and big short interest?

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  10. potatomuncher

    The swine trade does seem far fetched. Modern day public health, quarantine measures, and health care in general are orders of magnitudes better than what existed in 1918. And never discount the effects of trench warfare during WW1. Sanitation and band aids played a distant second.

    On a random thought if we did have some crazy influenza – unemployment numbers would go down and per capita productivity would skyrocket.

    Not to sound like a total dick, the world has an excess of manpower and little need for it. With every passing year compute power, automation, and technological advances render extra people meaningless in terms of production. The only thing it would do is curb consumption, but that’s already playing out.

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  11. Asshole Dip Buyer
    Asshole Dip Buyer

    Fuck the flu.

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  12. The Frog

    If SRS is up 15% at the end of the day URE will be up at least 10 percent tomorrow.

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  13. AI

    I think your going to get the “kiss of death” today based on my time machine bulls are going to get their head chopped off……Sell in may and go away is OFFICIALLY ON.

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  14. goffer

    Short BWLD, it’s trading on fumes only, nobody going to ‘restaurants’ anymore because they’ll not only get bad food, they’ll get the flu. DRI is another.

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  15. Darth Vader

    Luke “The Fly” Skywalker,

    Sell your longs and join the dark side.

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  16. JakeGint

    Just got a starter position in TC, will follow w. blogpost later.

    _______

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  17. Dinosaur Trader

    “The odds of a worldwide pandemic breaking out, while the world is in recession, thanks to a banking collapse, is so far fetched, you have to fade it. Really, you fuckers are just waiting, circle jerking even, for the end of times. If you want to die so badly, go sign up for a war or some shit.”

    Thanks Fly, that was classic.

    -DT

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  18. isay

    Hey Frog,
    I don’t know why I haven’t been hedging my hedge for weeks now with that one. 5 ribbits for your call.

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  19. doucher

    sounds like your just talking your book.

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  20. JakeGint

    TC ripping here.

    Giddyap.
    ________

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  21. Cash-N-Guns

    this CNBC fat fuck Matt Nesto..WTF…he looks like a used car salesman…fucking worst collection of dickheads and ugly skanks anywhere on tv…add in Cramer…and it should be nuked.

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  22. gappingandyapping
    gappingandyapping

    This is a tough trade here, on one hand we have a strong rally that is barely down today and on the other we have a rally that has overextended in the face of major obstacles. This is where you earn your pay.

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  23. ottnott

    The message of the flu news is this:

    Your rally is built of straw, and the world is full of unlit matches. Project this situation into the future.

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  24. TraderCaddy

    Go TC. Go TC.

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  25. mrkcbill

    Swine Flu is misdirection the old Statue Of Liberty play….I love how the media Fly included want to label this “The Swine Selloff” what happened to
    Banks
    GM, Chrysler
    FED unbalanced book
    Credit Card fiasco
    Fucked Consumer
    Legacy Assets …still no plan
    Housing
    Ponzi Fruad
    Govt. Fraud
    Swine Flu…GMAFB

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  26. Henry Fool

    NVAX at lows of day says the SWINE is attracting new money as the day goes on.

    Fly is so right, fade this Swine news and buy stocks with 3 legs!!

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  27. ingeuniuspoliceman
    ingeuniuspoliceman

    Peace and love, my brothers, peace and love – do not judge the bubblevisionistas by their sometimes-hideous visages, judge them by their egregiosity

    And you’re all overcomplicating, tintinabulatingly, the swine flu jerked-off-pork trade. Wait to see what outlandishly mentally challenged response the market has, and fade it at its 35-IQ crescendo.

    A-ba-dee, a-ba-dee, that’s all folks.

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  28. lieutenantfox

    “The Swine Trade” is absurd and fucking ridiculous.

    No more ridiculous then this rally. The swine flu is a reason to sell not THE reason to sell. Seven weeks straight up is asking a little much, especially considering the fundamentals suck out loud. Good news is earnings 50% lower then last year? Please. The swine flu is as good excuse as any to short the market.

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  29. Aristotle

    While the Swine Flu is undoubtably a bunch of BS, this rally is way overdone and this could be the excuse for the rally to end. Mustard seeds my ass! More like mustard gas!

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  30. isay

    My first thought was Bullshit on this swine flu story. People die of different strains of flu every year. WHAT IS THE REAL REASON FOR THIS STORY!
    Ignore the man behind the curtain and carry on traders. Situation normal.

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  31. Rodney Dangerfield
    Rodney Dangerfield

    I just took a swine poo and my hemoroids fell off

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  32. elditto

    “fucking ridiculous” is right. And just silly too. The reason their dying in Mexico is because they don’t know what the flu is. They don’t get immunized for the most part. They are very susceptible to flu like viruses.

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  33. dave

    What is up with GM? Last I heard, bankruptcy usually takes a stock to zero.

    If you’re muslim and you die from swine flu, do you still go to paradise? Oh! The sweet irony.

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  34. JimH

    Bullshit, Fly. This rally has all the energy of my greatgrandpappy’s dick, and you know it!

    May you roast in hell for your impertinence! The March-May rally ended today; buy gold and silver!

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  35. blah

    fly, you are “absurd and fucking ridiculous.”

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  36. Mushroomz

    dave, GM is closing factories, haircutting pensioners, axing Pontiac and perhaps other brands, and negotiating with bondholders.

    They are fighting hard to not go bankrupt. And Chevy could be the most valuable car brand in the world.

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