iBankCoin

Ready Yourselves For Pain

No one knows why the futures are lower. Don’t be silly. It’s quite ridiculous to go from +10 to -10, without a morsel of news. But then again, the very dumbest people on the face of the planet trade S&P futures. I’d be surprised to learn that any of these people understand the faintest thing about markets and know how to eat with utensils–savage animals devouring hero sandwiches for lunch.

My cable is down today, for reasons that defy logic. But do not fear, Le Fly (as he is popularly known in France) shall watch the carnage, courtesy of back up hot spot device. Always have a back up, contingency plan, in the event things do no go “swimmingly.”

As for me, I don’t expect my largest position, AREX, to move much today. Most of Americans are buried under the snow, desperate to get a little warmth near their radiators. I have a few others things, irons in the fire so to say, but mainly positioned for this pullback–25% cash.

Let the carnage begin and, as always, I look forward to buying your margin liquidations.

Observation: It seems the market topped when Maria Bartiroma (sp?) left CNBC. Odd no?

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35 comments

  1. bood

    odd,, but what does it mean is it means something ?

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  2. YOU WILL KNOW ME BY THE TRAIL OF BLOOD
    YOU WILL KNOW ME BY THE TRAIL OF BLOOD

    I could spot no differences between the Grammys and the SOTU.

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  3. the pirate

    Reminds me of sumthin Clubber once said to me lass…
    “Hey woman! Hey woman”

    http://search.yahoo.com/search?fr=chr-greentree_gc&ei=utf-8&ilc=12&type=937811&p=Hey+woman%2C+hey+woman

    Arrrrr!

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  4. ironbird

    Indeed! It is all the War On Women! Hear there roar or some burn out shit.

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  5. harambee

    still holding $GOGO and $AFOP into this? Nerves of steel….

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  6. Mr. Cain Thaler

    Naturally, the entire South has shut down when stricken with such horrors as a quarter inch of snowfall

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    • YOU WILL KNOW ME BY THE TRAIL OF BLOOD
      YOU WILL KNOW ME BY THE TRAIL OF BLOOD

      I lived in the great northern states for a while before moving to the old people capitol of the world, Florida, and these governments don’t own a lick of salt for the roads, or plow trucks, rendering them incapacitated by the lightest of winter weather.

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      • Mr. Cain Thaler

        (laughter) sure but you shouldn’t need anything to drive through a light powdering of the roads and not end up in a ditch

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  7. jesco_t_cole

    So when are you thinking of leveraging down in GOGO. Around 19? Or even lower say closer to 16.50?

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  8. bood

    buyint $amcn here

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  9. bood

    down 1,4% at moment , looking to buy some names. today use of the “force” by futures gang-movers left me very unimpressed .

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  10. freebie

    Actually, the market topped almost exactly when you posted in the PPT that you like HDGE as a hedge.

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  11. matt_bear

    Officially closed out my GOGO puts.

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  12. ironbird

    Cue Grindhouse. AAPL losing 500.

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  13. bood

    if you have to trow away 1000$ buy you some kget.. ( today *may be* could close the gap down followin the market – for longer term is going up )

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  14. snoozemr

    switched to 90% cash in Oct to concentrate on range trading IPOs. Sold out of my FPRX in Jan near 21 level – thank god. Also sold out of my XLRN in Jan – although that is holding up. Been basically intraday otherwise. Has worked out nicely – lady luck. Still long FGP – COLD winter and that divy. Also recently long CLMT near 29 – that 1/31 9% divy and the very good news posted only afterhours leaves me positive – may or may not hold it post ex – proly will. Sold my LVS – 2 day hold – after-hours yesterday for small gain. Earnings today – but why gamble. I’ll be concentrating on upcoming pipelines that have not gone ex div yet – to either capture and sell or hold for the 60 days to drive down the cap gains tax. hoping for a larger correction and then will work on my buying list. did nibble at GEO but no real conviction to strongly recommend. ex in a couple of weeks. Happy trading.

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    • snoozemr

      just as an aside, from NY but live in North FL and the streets were dusted, barely, with snow. Court houses, schools. businesses, all shut down for 2 days. Hilarious.

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  15. stones

    Pain is caused by a lack of cash. I love Maria. I only ask that she return my affection with her lust.

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  16. mr.partridge

    QCOR largest positions.. who knew it would come to that…. never used to trade this sector

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  17. mr.partridge

    PRAN hat tip to good Dr.!!!

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  18. bood

    up 0.8 at the moment

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  19. snoozemr

    moments away. 🙂

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  20. yxd0018

    somebody must know the FOMC outcome over night.

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  21. bood

    what’s bad about the fomc outcome anyway .. hey have the fuckers finished devaluatin my assets via stupid giration fuckery. i need them all to snap back into the close .

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  22. bood

    who sell into today or tomorrow weakness is a looser

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  23. ironbird

    So the clam is doing the closed eyes fingers in the ears while spewing la la la la?

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  24. snoozemr

    FL Panhandle courts, gov’t offices, schools officially shut down for day three – Thursday. Too funny.

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  25. snoozemr

    caught FB just before market close. just had that gut feeling they would beat again. and just sold below 58.75. and man I would have kept LVS if someone hadn’t have bought mine afterhours yesterday. good day. and with N Florida in a state of panic and emergency with a hint of ice on the roads, I get to sit home and trade all day again tomorrow. life is good, until it isn’t. 🙂

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