I covered some of my [[LEH]] short, buying 10,000 shares @ $36.03.Comments »
It’s official, the ungodly forces within iBC have “de-oranged” the site. And, as you might notice, the site looks somewhat normal/professional—compared to the cartoonish bullshit I had going on prior.
Much praise and thanks to iBankcoin’s webmaster: Jeremy.
UPDATE: One cool new feature, a la Jeremy, all non- Fly articles will be sequenced chronologically.
UPDATE: New iBC commerical[youtube:http://www.youtube.com/watch?v=D1fiop4wsjc&eurl=http://www.ibankcoin.com/peanut_gallery/ 450 300]
[youtube:http://www.youtube.com/watch?v=V6RifA40K8U 450 300]Comments »
I bought 1,000 [[FXP]] @ $93.
Disclaimer: If you buy FXP because of this post, China will take their market private. And, you may lose money.Comments »
“I’m super bullish right now.”
Enough said.Comments »
“Wamu” is the worst bank in America. Plus, their new slogan “Whoo-Hooo!” is fucking childish ridiculousness. Who the fuck wants to put their hard earned savings in a bank that thinks “Whoo-Hoo!” is a smart marketing slogan to attract big money?
On their website, they proudly exclaim: “Most banks are grey, that’s just not our style.”
No fuckers. Your style is to go bankrupt, because you are being run by a bunch of adolescent retards, who gambled the institution on homeless guys in need of a McMansion.
Disclaimer: Heavily short [[WM]]Comments »
[youtube:http://www.youtube.com/watch?v=gca-bD4gOec 450 300]
The guy spinning the roulette wheel is Ben Bernanke.Comments »
In order for the bulls to validate a legitimate run in the indices, crude oil must come down. Right here @$105, I like my chances betting on it going lower. In doing so, effectively, I am quasi hedging against my short positions.
If crude dumps out, bet your bottom dollar there will be a spike in retail and other consumer discretionary names. Now, I do not believe retail should run, if crude dumps out. However, knowing the low grade gene pool of many money managers, I can tell you, they will buy equities and send stocks higher.
Much of the bull case is reliant upon a massive drop in commodity prices. So, in my opinion, it makes sense to be short banks, commercial Re, retail and tech, while simultaneously betting against crude and commodities, knowing the bulls want them lower.
In layman’s terms, I want to have my cake and eat it. Then, I want to walk over to the gentleman with the mustache, punch it off, and take his cake and eat it too.
Right now, my favorite positions are [[SMN]], [[SRS]], [[DGP]], [[SKF]], [[DUG]], [[DCR]], [[REW]], [[RIG]], [[FXY]], short [[MON]], short [[WM]], short [[LEH]], short [[MS]], short [[POT]] and short [[FED]].
|LEH Lehman Brothers may lose 24 bln yen due to fake Marubeni documents, according to Nikkei – DJ (39.21 +0.50) -Update-|
|DJ reports the co now stands to lose some Y24 bln as a result of a investment deal in Japan that involved forged documents said to be from Marubeni, The Nikkei reported in its Saturday morning edition. Senior officials at Asclepius, a wholly owned unit of LTT Bio-Pharma, solicited funds from investors, according to sources familiar with the matter.|