Guy Adami thinks the market goes lower. He’s on the teeeveee suggesting to sell short JPM. Listen, I have serious reservations following The Great Tanned one into egregious murderholes, designed to snatch the wallets of idiot bearshitters, just prior to getting homo-hammered to death.
Fuck that.
Is it just me, or is EVERYONE with a series 7 license north of Havana bearish on stocks here? I suppose they are guided by the INCREDIBLE-HORRIFIC news of MS, GS, JPM and co. paying back their TARP funds. How fucking dare they!
Then we have S&P downgrade a slew of banks today, due to fears of regulation. Puhlease. Fuck you very much S&P.
For the record, I have been selling out of my winners, while holding losers—a cardinal sin, indeed. Some of my top long positions include FTK, GLW, OVTI, and GME. Additionally, I still own lotto tickets in ENTR, TRID, FNSR, CNXT, ATML and SIFY.
My shorts are limited to minor/legacy positions in FAZ, SRS. However, I was thinking about taking on some new shorts, until burnt toast went on the teeeveee espousing gloom and doom. That doesn’t sit very well with me.
Objectively, the trading action in FAZ, SRS, DUG, ERY and SMN is good. However, before I start slapping people in the face with hot mops, I want to see a little more conviction, from the bears, on this alleged downward move.
If you enjoy the content at iBankCoin, please follow us on Twitter
guy adami lives in my town
Fly remember when BSC went down? the guys from Fast Money kinda leak on it before it. So i am not sure what to take of this.
Will the obama speech rally the markets for a bounce?
I met Adami a few months ago at the Najarian conference in NY. Guy is 1st Class.
Carey:
The collective IQ of the Fast Money crew, minus Macke, is 70.
Well I’ve had two quasi death threats by shorts in the early part of the morning, so yea, I tend to agree, toast fucker and other assorted shorts are much to angrified to make money when they’re in this emotional stupor. The market just fucks around, it ain’t going up not is it going down.
Zen
Are you a CNBC groupie? You always tell tales of meeting those fuckers.
So only Macke is the least sane among all fast money? lol
Fly i am on the PPT , but i miss those post for you have market insights exclusively for us rather than just reports. Not saying the reports arent great, but it would be good if we can still get insights on the market in PPT.
FLY, how long are you willing to hold FTK?
i own a very large (for me) position and think it’s a great buy at these levels, just wanted to hear your opinion…
Mortgage rates back down in the low 5’s…
The housing market has bottomed dontcha know –
Jim Cramer told me so.
I saw Fast Money through the window one time in Times Square!
Crap, crap and more crap. The market cannot hold itself without the banks, and they’re (still) insolvant. Nothing has changed!
Carey:
I just posted my market position this weekend on PPT.
Eugenius
I have the patience of an elephant.
This is one of the funniest posts for a while.
Fly begins his thesis last night that he may think about sticking a toe in the water on the short side. He then sees burned toast is agreeing with him and backpeddles 100 miles an hour. I wonder if the CNBC know people are using them like that? they must read blogs surely.
I saw Fast Money on TV a couple of times.
Scratch that.
It was actually Fast Money, the movie.
Chinese drug dealers or something
Also saw Fast Times at Ridgemont High.
Classy movie.
and… sell off
Sweep the nuts
RANT ALERT: TD AMERITRADE SUCKS GOAT BALLS
So I start buying BOOM in size on the decline this morning. I’m slamming orders in. Catching knives, dip buying. You know, good times.
I pause to check where I’m at, and half my orders are missing. Not open, not filled. Hmmm. Maybe I used the wrong account. Nope. Nowhere. Maybe I should check the website as opposed to the crappy ass AMTD Command Center 2.0. Nope. Nowhere.
Oh hell it, I’ll reenter the orders. Better price now anyway. I continue my dip-buying orgy.
I shower, change, breakfast, play with my son.
Refresh screen.
HOLY SCHLONGOLY! Nearly pooped. All of the orders were suddenly filled thanks to the AMTD’s crap service. Wha?
In the end it worked out fine, because the stock rallied 3% from my cost basis and I discretely rolled out of the error.
TD Ameritrade, if you are reading this, you suck and have sucked one too many times for me. You are fired.
Rant over.
We end higher today. By the way look at that 9% snapper on WPRT.
Guy(Guido)Adami and all the rest of the cnbc shit-lips are a joke..Adami should be selling pasta makers on the shopping channel..Pete(ponytail jerk-fag) should be a girls elementary phys-ed teacher..although he is probably even too stupid for that….
Still looking for the Huxtable Dad.
http://www.harrisinteractive.com/harris_poll/pubs/Harris_Poll_2009_06_16.pdf
Call them up MOOBS and demand they make it right (more $$ for you or free trades).
My broker has changed my stuff over the years (after they investigate) when I complain.
MOOBS:
Post your rant on Twitter. They read that. Ask Joe Moglia specifically for help.
Guns and Roses:
Is there anyone you like on CNBC? The latina woman perhaps?
WPRT…yes, mentioned it on CA thread earlier this am…SYNM, and EDGR look good here too.
Zen – I did. I’d have busted their balls if I took a loss on it.
in 1994 this guy on tv was facing off in court against citi. getting them to loosen up their rates… buycks – roberson vs c. the winner went on to the w. house and the loser…
Greater regulation and higher capital requirements = higher market?
I guess this is a good thing especially for hedge funds that are not allowed to use leverage to the extent they used to. I mean just think about the basis trades, essentially counter party risk only free money, it’s a good thing right that they will not be allowed to collect this coin to the extent they used to?
Fucking idiotic. I agree Fly people talking this bullshit deserve a market that moves higher in the face of doubters like tan man.
I should have written that he trying to get c to loosen up their loan standards, not rates.
I say bring back liar loans.
Home ownership is a right under the Constitution.
liar loans are cool.
Liar loans are a myth. No loan seeker or mortgage guy has ever fibbed in his life!
America’s elderly think liar loans are cool, packed into things like SRTTX and sold as “US BOND” by a bunch of assholes. 48% of that motherfucker is/was residential mortgages going into this fuckery, long after the banks knew WTF was happening.
Banks going green — Bye Bye Bears!
Agreud — the right to a truth-free mortgage (and mortgage app) is right there in the Constitution alongside Obamacare.
Now give me my ba-ba!
________
Almost time to short. Mabe a blip up from here and than a fast run to the shithole it belongs.
Gay Adama is just that, gay!
http://www.stocktiming.com/Wednesday-DailyMarketUpdate.htm
Someone here asked about FTK and how they have a large position relative to their folio…Sell half right now. Don’t even look at the price, just enter the order! This advise is not based on the merits of FTK at all.
Nice call Fly.
Way too many grass eaters out there.
http://www.slate.com/id/2220535/?GT1=38001
Karen Finerman is pretty good too.
I don’t really think DJI is dropping lower than 8,200. I think we move sideways from 8,200 to 8,600 on the Dji for the rest of June and July.