I read today’s move wrong. I should have been selling, not buying. Then again, the day isn’t over yet, is it? Nevertheless, all of my buys were at bad prices, for today. Perhaps in two weeks, those prints will look ingenious. However, for now, I’m feeling pretty fucktarded for allocating fresh capital to this stupid, motherfucker of a market.
The math all makes sense. Thanks to the market being controlled by computer trading programs, all you have to do is understand what the computer is, umm, computing. They do not like BP, APC and RIG getting raped, at the hands of the U.S. government no less. It makes no sense for Obama to talk down the share price of BP, BEFORE they have paid the U.S. government for damages. That market cap can be used for raising new capital, in order to pay off damages. Look, the Obama administration is AS DUMB AS IT GETS, folks. I thought Bush and co. were retarded. Boy, these fuckers make Bush look like someone who is qualified to rule the free world.
By the way, a BP bankruptcy will be catastrophic for the market. They are a monstrous company, with a very large r&d budget. Be careful for what you ask for, with regards to a BP bankruptcy, for it might end up raping you.
Also, the computers do not like the Yen trading up. Slap FXY on your 15 inch monitors. When that fuckers ticks up, hold your buy orders. And, as you know, we are all fixated on the Euro. If FXE goes lower, be careful.
Look, I made my call and I will give myself a few days to be proven wrong. Should things go against me, in an egregious way, I will simply pick up the pieces and make it all back. For now, my 30% cushion puts me leagues ahead of my so called competition.
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Looks like Fly castration time…
I will have you know, I am reneging on that promise.
Ha ha….
Love your site. Love the PPT. I purchased a bundle of SPY calls earlier this week, they are up and will be up even further by next week.
As for Obongo:
http://www.google.com/imgres?imgurl=http://www.dansdecals.com/images/ebay/BumperStickers/MissMeYet-Bush.jpg&imgrefurl=http://cgi.ebay.com/MISS-ME-YET-President-George-Bush-Bumper-Sticker-Decal-/350317528424&usg=__gX0UFTiX-yLUzMIMZDL1gaZ99po=&h=389&w=500&sz=52&hl=en&start=7&itbs=1&tbnid=jFEsBnZ3fj2pHM:&tbnh=101&tbnw=130&prev=/images%3Fq%3Dbush%2Bmiss%2Bmet%2Byet%26hl%3Den%26safe%3Dactive%26gbv%3D2%26tbs%3Disch:1
He lives down the road from me now, still wish he was in DC.
fly…whats a murderhole feel like?
It tastes like chicken.
soy chicken
Soylent Green Chicken.
_____
Damn robots.
Its ok le fly. at least you are owning up to your mistake. you were a bit too quick to call a shortterm bottom. allocating capital to this market is like taking your money to the craps table. patience my friend, patience.
So it’s a great idea?
lol
Short Euro at a price that represents the end of the world. Per Mayan predictions.
The euro is the most apocalypse proof currency on earth. It has tons of farmland, and huge regional diversity.
Don’t forget the unicorns and streets paved with gold.
The dollar index is going to 50. That’s not speculation, its written in stone.
Oil field equipment being built at rapid pace, landbased equipment.
Under names of Viking oilfield co., and Key services.
Keep your chin up, and et all.
I feel sorry for the laptop that is about to get tossed thru a window by some dude named PO PIMP.
I feel sorry for the window…
Rally fucking caps bitches!
Hey you fucking crying douchbags, who fucking told you this was gonna be easy? Fly? No!, Your Momma? No! Your daddy? Give me a fucking break – he bitch slapped you every time you whined. Get a grip people. Man up and make some moves to protect yourselves. Stay positive and use you goddamn brains!
Fly, What’s Mrs. Fly gonna say when you come home without your Balls?…LOL…And Hey, Didn’t you vote for Obama?
Yes he did and he still has a Hope and Change sticker on his yellow PT Cruiser.
Today is just another example – as if more were needed – that it’s pretty dangerous to try and guess the short-term fluctuations of this blatantly manipulated market.
This market may be up 100 plus by 4:00. This is that end of the day screw job that seems to take place everyday. Between 3:00 and 3:30 the market either scares longs out of their shares just before the real rally or it scares shorts into thinking theres a rally ensuing just before the bottom drops out
Sheesh, it’s not that complicated, folks…
Here’s your road-map.
______________
Brilliant!
BP owns Alaskan pipeline, and has British Government in their back pocket.Most importantly, tension in mideast/korea benefits their global oil holdings.
Only way BP is going bankrupt is if USA tanks roll into Buckingham palace. But, those guards with the fuzzy hats would slow them down. That won’t happen.
Selling BP here is as absurd as when the zero hedge crowd shorted Citigroup at 1.02
I have it on good authority that chef ramsey will be brought in to review BP personnel practices
http://www.youtube.com/watch?v=tXgvPwMpsEk&feature=related
I have it on good authority that your EUO shorts are deeply underwater
Euro never went beyond about 6% beneath my average on all euro entry at 1.27.
I’m not underwater, I’m merely “fashionably early”, as in keeping with “boughetto” style trading.
http://www.youtube.com/watch?v=2CbS5fxO5MI
Will you post the video of the castration? Or do I go to Youtube? 😉
More tradebot FUCKERY!
BP looks and feels like a stock headed much, much lower. It reminds me of Citigroup, in the 30s, when analysts came out saying how “cheap” it was, given the $30 drop. Now it’s settled in the single-digit range. Not sure if BP goes Ch11, but it’s certainly going significantly lower from here. Especially with the moronic CEO going on BBC today, telling everyone there’s no way they’ll cut the dividend. The longer they remain in denial over the dividend cut (a la GE’s Jeff Immelt), the longer the stock will keep bleeding lower, feeding off all the uncertainty.
This is not a market to be toying with right now in any direction. For shorts, it’s too oversold. And for longs, there’s plenty of bad news on the horizon: fiscal austerity packages in Europe, persistent high unemployment in America, never-ending oil spill nightmares, US housing set for another leg lower on a second wave of mortgage resets, China slowing down and on and on. Only a suicidal coke-addict could conclude this is a market for buy-and-hold investing (a la Buffett).
Congress debating restrictions on the Bigs spooked the robots and caused them to go home at 11:30est
gotdam…dis muderhole got punji stakes in de bottom.
Whats up with all the Fly bashing bearshitters?
I may be a fucktarded five figure trading mousebot but fuck man some of these clowns need to move to romania and blow three legged transexual goats
Fly, Bad day to lose your balls, Your going to need them to buy this market when it gaps down big Tomarrow on the initial claims number!
If only BP was American, Ben could make it a bank holding company. Problem Solved. Dow 12K!
BP getting “bank of america’d”
That is what happens when one attempts to get a mortgage thru said fraudulent institution.
You can be T Boone Pickens and you’ll still be asked to rub a cheese grater across your face for 60 days until they fund your loan. The last condition is usually giving up your first born and grandmother.
ALLL ABOOAARRD!!
Tough titties!
BP could end up being the catalyst that propels the market higher in the months ahead. Assume they get it adequately capped and start pumping 90% of the oil to the tankers above and then get the second well completed and succeed in capping the blowout in July-August. They then submit some of their assets into a trust to be used for GOM cleanup and claims settlement … Summer Rally!
“I should have been selling, not buying.”
Why do you say that? You said that the math was there and that you’d still give yourself a few days to be proven wrong right? Other than the markets going down on what seemed to be below average volume, why do you think you should’ve been selling?
I am glad I stayed out of this freakin’ market. I always end up losing when I try to catch technically significant tops and bottoms, at their turnaround points. I am waiting to see which way this trend decides to go. I fully expect GS and their kin to manipulate this market, to make it look like the economy is roaring back to life. It’s a toss up.
If I wanted degenerate daytrading gambler advice, I’d go to the Yahoo vomit boards and other wretched hovels. Le Fly is a positioning MASTER. The PPT is as close as possible to the unholy lovechild between Albert Einstein and Marie Curie. I expect the Fly to continue winning in an egregious fashion, within a reasonably short amount of time.
Good day.
Fly will ultimately be right and in big fashion very soon …. maybe as soon as Monday but no later than Tuesday if the waves cooperate.
It’s a fait accompli as usual … Le Fly wins even when it appears that he is losing …. C’est La Vie!
thanks fly. this market will remain retarded until GS recovers ….. they control the market… bp is a red herring..
Wow, looks like I owe that alf character an apology.
APC position getting torn a new asshole. I doubled my FAZ position, managing to cover a $16.54 cost basis, disclosed in the PPT and on Twitter.
Cain, what’s your cb on APC, $42?
You still sticking with the position that they have no liability as a result of their “limited partner” status? In other words, is this a buy or are they going down with their captain?
I’m holding the name and adding a little more. I disclosed thoughts in the PG. I’m not sure what the liability is, by my experience with litigation is that it always takes a very, very long time and that people right now seem to be pricing in these companies paying the full amount, which they value at “infinity,” up front.
That being said, I am not at all pleased right now.
…not neccesary !
.
…when Bob Pisani asked on CNBS …“do you think the S&P will stay above 1040” …
the guest … a Mr. Stan Weiner replied most assuredly … “OH ! Absolutely !!!
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Well … there you have it !
I’m thinking it’s a safe bet to prolly “FADE MR. WEINER” !!!
Just sayin’ !
.
FADE THE WEINER !!!
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As it were !
.
over “tea and biscuits” he said … Limp Biscuits!
$spx 1020 is coming 1st before we go higher.. off for a nap to recover from this hangover..