You fucking clowns should be spraying each other in the face with old fashioned seltzer bottles, instead of playing Gordon Gekko and the stock market. It truly is sad/pathetic, how stupid you really are. I mean, on one hand, it’s very entertaining to see someone slip on the same banana peel over and over and over again. But after awhile, the joke wears thin and I’m like “WTF is going on here, does this guy have a gorilla brain or what?”
The $34 billion story was misleading bullshit. Fucking shocker.
Without further delay, please enjoy your regularly scheduled bull run, sponsored by Fuck You Bears, You’re Dead Incorporated. On Jupiter’s stone, many of you shall not forget the swiftness of my hammer, nor the exactitude of my grand piano, which will be falling on your head—shortly.
NOTE: CROX—wow!
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The $34 billion story was misleading bullshit. Fucking shocker.
How can you say that. Bac is higher?!
j- Not really…
BACBank of America Corporation
May 5, 2009 Market Close: $ 10.84
After Hours Trade Reporting
Pre-Market Charts | After Hours Charts After Hours
Last: $ 10.85 After Hours
High: $ 10.8867
After Hours
Volume: 3,045,374 After Hours
Low: $ 10.56
Bears are toast, note the strength in liquids when the fake story was out this morning though. Still short banks long liquids.
Even though he doesn’t really deserve it, I kinda feel sorry for Devil Dawg.
Last night’s comment:
Ahhhh…EVERYTHING is going down tomorrow including small crap stocks. In fact, they will probably go down further than any other sector except banks and financials. My HUGE stake in FAZ will make my year. NEW LOWS ahead.
Anyone who’s got a line on the Dallas lithium supply is going to make a gold mine this week.
_______
They don’t need 34 bill.
Fly, what was your first buy in CROX? 1.64?
Nice timing.
Just like Brett Favre.
He is retired.
Oh wait.
Now he isn’t retired.
http://www.philly.com/philly/news/breaking/20090506_Morning_Report__The_never-ending_Favre_saga.html
Actually, Fly has it right.
Stock trading is like whack-a-mole.
Keep moving so you did get hit by the hammer.
Sweet call on that CROX, crap.
Next SuperCostanza?
ABK.
________
http://money.aol.com/
Check out the doom headlines at AOL Finance above.
Fly wins again. I am going to quit system trading and just piggyback the Fly.
SMH may be a short after a minute or two of the open.
A Spitzer in and out.
Hey deuds, does Obama even know what American IS when he said “…buy American” ? Chrysler is about to be owned by those I-talian sausauges. How is that American. I think he meant buy AmeriCAN’T. I agree with the FLY. Time to go long, this market, apparently, IS being more irrational longer than a lot of us can stay solvent.
Fly, any cheapie buys aside from ATHR and SD ?
shorted 25k shrs DIA 85.04
Careful here you can get shot. People are getting edgy all around. My PnL is currently green due to the liquids. The market will not rally without them.
Told you $34B was good news for BAC and the market. Behold BAC up over 7%. Losses are good because it means the economy is improving in some Costanzaesque sort of way.
Bottom line: Dow 200 + points today
do not be so fast with your bottom line you may get your bottom violated
gappingandyapping Says:
Careful here you can get shot. People are getting edgy all around. My PnL is currently green due to the liquids. The market will not rally without them.
*********************************************
Say what you fuckin’ MEAN. “Liquids”? Like Pepsico or BUD or Starbucks?
This “insider slang” crap is B O R I N G.
CAP, BAC is basically getting a free ride from market momentum. With sleuth of good economic data today, that piece fo shit got a free pass. Wait till this momentum wanes, and we’ll see how it truly fares.
Dow +200 today isn’t out of the question.
anyone looking at TSO, seems to be a small steady tick up each day.
commodities in metals working real well here.
overall, the market is looking very top heavy right now for the moment. DOW to 10k for sure thru sheer fuckery, but looking like it wants to take a breather here.
comments welcome,
and don’t forget to wash behind your ears and brush your teeth, and finish your homework.
Cap:
Fly reckons the 34 bill is bullshit. The price action seems to indicate he’s right, however fly won’t say any more on that for some reason.
If the story is bullshit then BAC sort deserves to be up in a costanza sorta way, so it’s really nothing to do with momentum or whatever. If it were true BAC would be down big time no matter if momentum had God behind.
hey DD, i am sorry you did not even get a little bounce in FAZ. I feel your pain, i had them too but sold out day ago. They are going to very low number if financials keep rallying or even if they just stay at this levels – by the simlpe math of 3x percentage losses.
Stick a fork in this fucker, he’s done.
NDAQ – long 20 June 22 1/2’s @ $1
Anyone here seen LEE? How the fuck did that piece of shit go from .29 cents to 1.18 in such short time!!
Generational BOTTOM Picker:
Liquid commodities (oil, oj, and I lump coffee in there) and NG.
for what its worth, Citigroup on BAC today..
Key Issue Is BAC Can Cover Via Preferreds, and Dilution More than Priced into Stock —
BAC has almost $33 bil of non-cumulative private preferred stock, which pays an annual dividend of $2.9 bil. Thus, it is conceivable that BAC could convert its existing preferred stock, and put the capital issue behind it assuming the economy does not take another significant leg down. Our analysis shows dilution could range from as low as 20% to as high as 35% our estimate is 30% which, based on a normalized EPS power of $4, implies the stock is trading at 3.7x normalized earnings which is the cheapest in the sector. Continue to See Low Risk of Increased Government Ownership. Raise target to $14 from $10.
308
Aren’t preferreds part of equity, but not tangible common equity? If they are they would still be short of the capital portion that counts preferreds. Somehow that story doesn’t gel.
Then Fly has true magician skills in order to call BS on BAC news to move them up.
C’mon guys let’ssee a 400 point blowoff top after all wall street is justy a bunch of degenerate ex-otb clowns.
C’mon man where is Randy Jackson when you need him?
Done for the AM.
Thanks SMH short.
Not alot of $$ but hey it’s grocery money.
I dont know dog… for me for you for me, I feel an afternoon rally to Dow +150
looking toppy here, I’m 100% cash as of 25 seconds ago. chilling for awhile, will re-access throughout the morning.
Alpha, You are the dawg. Nice call on HTGC!!
Isn’t this market sweet (and confusing)?
It’s whack-a- mole time.
It’s Muhammad Ali (a/k/a Cassius Clay) time.
Bob and weave.
Float like a butterfly and sting like a bee.
If you wanna be bullish the US market you really should buy the HK stock market. Real estate is going higher, the mainland is turning around and the HK banking system is in fine shape.
This is like a US market on steriods. The steroids of course is the fact that the HK Dollar is pegged to the US and therefore HK’s monetary policy is (has to be) identical to the US’s.
Seriously HK could go vertical and trouble etc. will only come later. Eventually they’ll have to come off the peg as the US is seen to be running a very inappropriate monetary policy. However that’s a long time away.
Check out Carmike Cinemas CKEC. Coulda, woulda, shoulda.
Next Fly post title.
Armageddon Back On.
Go for it.
Memo
From : KidDisco
To : Bulls
Subject : Update
Message:
Fuck you. you’re dead.
market is in the middle of the see-saw….. will it go up or down, which side will it choose?
I’m done until after 12:00, I just bought a skid steer, I’m going to go outside and spin in circles.
NOTE: CROX – SHAM-WOW!
Yogi’s gonna need some Prozac today for the Bi-polar portfolio.
Headlines on CNBC are going to include a Erin Burnett laughing about how good Le Fly’s FAZ Bottom looks on a cool spring morning with his boxers on.
This market is at a pivot point, and they are pulling just a bit more juice out of the shorts before the game gets ugly.
This fucker is rollin over like a big dog.
CNO, Coin,FTK
I am on the fence here debating on whether I should buy the dip on CNO and Coin. Or should I just dump them incase the market gets a case of the shits and heads down. Im interested to hear others thoughts on this.
BAC fading back like Brett Favre at his retirement party.
Bought DVR last week at 7.80 ahead of earnings this week.
Even though they are an oil service company ( I am bearish on oil) I knew that they had a back log of work due to the salvage work from Hurricanes and that they received some contracts. Up nicely today since they beat the street.
I may blow out of it soon for a nice gain
Then again with $400 million backlog I may hold until $10
“BAC fading back like Brett Favre at his retirement party.”
rofl
Ok, gap filled , now we can go back up.
Am I fucking missing something here???
DVN loses 8.92 a share and analysts’ estimates were .28 a share profit.
They miss big big big
The stock is up big big big
WTF????
Is there any explanation here?? How can the stock sky rocket after such a big miss???
DVN
The company attributed its loss to a $4.2 billion non-cash after-tax reduction in the carrying value of oil and gas properties. Excluding the charge, adjusted earnings came in at 48 cents a share
Why do they exclude the charge????
TMOE, accept that prices are higher, and will only continue to go higher. There’s NO mkt rationality. #’s don’t matter, as long as outlook contains words like “conditions easing”, “getting better”, etc. They realized that market reacts positively to those misleading words.
Kass – all-in short for a trade
Long SMH here for a Rice A Roni Minute trade.
If there’s gonna be an ugly down day this week, most likely is tomorrow. If you subscribe to the thursday before op-ex week, shake out day.
Look you, unless someone missed a zero there the numbers in oil and gas are extremely bullish going into driving season. I know most of you do the opposite of the right thing so it would come as no surprise that you would not listen but just know the numbers don’t lie.
Is there any explanation here?? How can the stock sky rocket after such a big miss???
Moe… don’t you realize? The world has fallen into a black hole and we’re now in a parallel universe where profitable companies are the weak ones and the firms that lose oodles of cash and need new capital are the strong ones. Even the sky is a different color.
GM and Chrysler are now the strongest firms in the country.
Out of SMH.
Time for a swim and when I get out I hope to read a new Fly post about Armageddon (or not).
COIN to $3 before $1 no doubt.
FTO over 200 mda. looking to breakout of the sideways trading it has been for awhile.
if oil breaks out ..this is a runner, imo.
Gave you guys pdo, fpp, bont, cwtr..last 4 picks…now look at HUSA and BQI..small oil stocks on fire…(pdo, fpp, mxc, royl, lei,)
IF, and that’s a big IF, 15.60 is broken on UNG then look the fuck out. My homely sources are telling me that NG production has been chopped the fuck down to 1/5th its normal production levels with even further cuts possible. As he put it “At this point they are just turning them all off and letting them sit while they take a vacation”. Take it for what its worth but a recapture of the 50 day could signal a ginormous turn.
Buy the damn dips – see if I care! I give up!
$34B shortfall or $11B gain …. depends on how you look at it:
http://finance.yahoo.com/tech-ticker/article/242096/Stress-Test-Shocker-BofA-Needs-34B-But-That%27s-%22Good-News%22-for-Ken-Lewis-&-Co.?tickers=BAC,C,XLF,SKF,FAS,FAZ,^DJI
What’s up with NGAS, off to the races…
The shell game being played by the government and the banks will be figured out sooner or later.
SAY…starign to get soem nice volume fly
The shell game is that in the end, the taxpayer will hold the bag, no?