When American International Group, Inc. [[AIG]] , Fannie Mae [[FNM]] , Citigroup Inc. [[C]] and Freddie Mac [[FRE]] “desack” the bears, it’s not a game anymore. Full disclosure: I was looking for a pullback, coming into this week. The difference between you and “Le Fly”: I don’t have ADD and do not trade like a fucking paradiddle. I did not short anything, mainly because the trend, the mood, the aroma, is all bullish. Instead, I took half of what belonged to me and put it to cash.
As you know, over the past three days, I’ve been reallocating back into stocks, specifically Tesoro Corporation [[TSO]] , Sunstone Hotel Investors, Inc [[SHO]] , Hercules Offshore, Inc. [[HERO]] , Complete Production Services, Inc. [[CPX]] , General Cable Corporation [[BGC]] , ANADIGICS, Inc. [[ANAD]] , Starent Networks Corp. [[STAR]] and Holly Corporation [[HOC]] . Much to my chagrin, I got smoked on Sterling Financial Corporation [[STSA]] , so goes the life of an avid speculator.
In closing, short only hedge funds are getting poleaxed here. I will continue to use my PPT engine to find short squeezes, in a sincere effort to massacre my natural enemies.
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stronger treasuries, weaker dollar today == PRINTING PRESS FUCK YEAH?
(next week is the mid-dated treasury auction of a ton of cash-money, will be interesting to see what happens)
also, rumor is the cool kids are using daily short sales data on the BATS exchange (unlike NYSE, which is 2-week delayed) to watch for squeezes.
Nothing to add.
Complete and utter desacktation.
AIG at 32? May as well go to 100. This is Enron accounting now.
This is so fucked up — it needs a new adjective to describe how fucked up it is. Good day to all the non-bitches.
Not sure WTF your looking at but as we know it equity is for fucktards check out the big boys a gap down for sure
speak english then go take a shower
Laymen’s terms explanation:
Look at bonds, your basically saying short but dont have the balls too. You know what happens when shit floats on top……… hope you understand my English.
Going to take a shower now.
D
you look at bonds. equities and debt markets are moving together in the US. think about that.
you’re = you + are.
you’re basically fucking stupid.
lol
Hey bears,
Ooooooh that smell,
Ooooooh that smell,
That smell of death surrounds you…
The Fly rules!
did u say aroma?
Mudkips – How would these smart kids use the short volume info? Short interest on the exchanges is the total net short so there is some indication of how much needs to be bought back. With short volume only, it seems not enough info to develop an edge. (at least for any human trader).
short volume is correlated with short interest (remember to compare to short volume data 2-4 weeks ago)
OK. thanks. I’ll check it out.
i gotta admin, my shorts are messing me up. I’m starting to lose faith in them. probably will dump soon.
and HERO does look like a great trading stock. keeps popping up on my scans.
Is that Botrocks Obraman in your avatar??
Sean Connery …king of swagger
Fly– as you well when dogshit like AIG-FNM(is that shit still fucking alive)..are the focus…its time to realize retards are playing…time to either move to the sidelines, or take the other side before a bad accident occurs..like one of Jerrys kids driving a tractor in the snow down hill, while playing a video game and eating a donut….carry on –
Hi,
Anyone want to share which online brokers they use and why (tools available, fees, etc…)
Peace all
Supernova – http://www.youtube.com/watch?v=dZa4z479tX8
It’s not retards playing.
It’s the HFT bots. Don’t forget — they get 1/4 cent rebate for every share traded.
Citigroup did record volume — over 1 billion shares. Almost 20% of NYSE volume today — that’s not insane, that’s mega-profiteering.
Goldman and the other guys playing the volume game are making no-risk millions every day by floating up a turd — then moving it back and forth all day — short/long. Everyone on Twitter was playing AIG — all the daytraders are doing exactly what the bots want — help increase volume. At the end of the day — it doesn’t matter where it ends up — they get the order rebate money.
Obviously, the scam works best by floating pure crap because you get the shorts forced to cover and then you get all the daytraders in and they usually make it do 2 or 3 ‘runs’ whenever the volume starts to fade. It’s ingenious.
Soon it’ll just be 2 or 3 stocks accounting for 50% of total volume. They just need some lame excuse to put something ‘into play’. This is the new money machine — Fly has caught on that indeed – you can’t short it. It’s all designed to get people to play the high volume play of the days. And it works every time.
nice analysis. Don’t know about 50% for two or three, but the rest makes sense. Probably a way to take an edge as well.
_____
no they don’t. they get a rebate for bringing in liquidity to the ECN. that means they either
1. OFFER PRICES, which serve a benefit to traders by tightening the bid/ask spread and increases depth closer to the midpoint
2. FLASH ORDERS, Route trades through the ECN (e.g. DirectEdge or BATS) instead of other exchanges.
the proposed scam is with #2, which is the potential for abuse by frontrunning the tape. the idea is that if a trade was going to happen on the other exchange, to be able to route trades through the ECN, you would have to know about the trade before it takes place, which is exactly what’s going on. by knowing about a trade before it occurs, there is the potential for abuse.
the HFT bots don’t work the way you’re proposing. they do their thing across all asset classes, and try to beat each other when it comes to timing. i highly doubt it’s HFT throwing the shit financials around. more likely it’s something more inane, like AIG’s news of government payback throwing the stocks higher as a mass herd for retarded short-squeezing fuckery. do you think CA throwing into AIG today is some kind of HFT conspiracy?
if the HFT funds were doing something shady, they would be watching the tape for the super-short-term top/bottom because they have advance knowledge of trades. this would happen across any asset class, and doesn’t matter if it’s a crap financial stock.
Fly..you promised me a big day tomorrow..are you still on?
Like a hermaphrodite on a mechanical bull, the bears that are short financials and basic materials have fucked themselves.
Indeud.
Only people who don’t understand how the market works blame everything on manipulation.
It’s better than ‘I lost money because I suck’