18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,010 Blog Posts

Bulls Take Their Bone Back

No need to dance on graves. This was a faux rally, led by big oil and a handful of momentum names.

Today, AAPL and CN were big winners for me.

However, the headline of a late intra-day reversal here may lead to a follow through day tomorrow.

I bought a little FMCN down here, down almost a 10 spot.


Without a doubt, the elimination of the uptick rule has increased volatility.

In short, today was a minor victory for the bulls. There is still much work to be done.

NOTE: “The Woodshedder Bottom, part II?”

Fuck off.

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Fly Buy: FMCN

I bought 1,000 FMCN @ $48.02.

Disclaimer: If you buy FMCN because of this post, you do not value life. And, you may lose money.

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Not Giving In

All of you assholes can go fuck around with your puts. I’m not selling down here.


My bet, retards step in hard at the bell, squeezing the shorts, lovely.

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Fed Must Cut Rates

Fed forecasts indicate further easing, with rather tame inflation projections. They cite slowing growth and a weakening job market.

Ignore the minutes. The Fed will ease, mainly because tanner men than Bernanke say so.

Plus, with FRE and FNM in a never ending death spiral, Bernanke must get in his helicopter and save the day—I hope.

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Don’t Short Here

While it’s true, I hate the market here; I get the sense the bears are walking into an oversold trap.

One of my key tells, SRS (inverse homebuilder), is approaching unsustainable levels—where it has failed numerous times.

In short, go eat a sandwich; don’t press your luck shorting down here.

If you insist on selling short, wait for a bounce, then sell CFC (modern day Enron) two times, until the fucker hits zero.

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Bears Steal Bulls Bone

Fuck this shit.

Intra-day key reversal, spear headed by asshat financials and homo homebuilders.

Just sell it all or see it burn. It’s up to you.

The market is fucked every which way but loose. Mcmansion owners are being tossed out into the street, while Bernanke and Co. play checkers— or whatever those assholes do with their spare time.

Cut the rates now, fuckers!

For all of you inflation hawks, fuck you too.

“The Fly” loves inflation, especially when it infects his stocks.

This deflation shit is sheer misery, served on a platter of cold shit burgers.


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Bulls Get a Bone

After enduring multiple claw hammers to the head, Mother Market has gifted the bulls an up day.

Personally, I have more interest in feeding corn to wild roosters, than putting money to work in this market.

I’ll have you know, “The Fly” is not bearish, but skeptical.

I keep looking at my screen, waiting for the bitch (Mother Market) to try to kill me, via intra-day reversal. If it doesn’t happen—wonderful.

However, if it does, “The Fly” will likely pack his bags and check into his local mental institution.

I can’t get behind this market, while ETFC is on the brink of fuckery and C can’t get a 1% green day.

If you’re looking for strength, it is abundant in the internet, energy and basic material sectors, with gains in OMTR, SOHU, BIDU, GOOG, AMZN, BIDZ, BCSI, SNP, CEO, OMNI, STO, BOOM, PKX, CENX and ACH.

Also, market leaders, like RIMM, AAPL, are ripping, while MVIS eats pavement.

What else is new?

In short, I’d love to declare early Santa Claus victory, via having the bears run over by his fucking sled, but I can’t.

I need two or three more days like today, with the financials participating, to feel confident enough to declare: “fuck you shorts, you’re dead.”

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If I Was a Bear…

I would be laughing at all of you assclowns, while smoking my crack pipe (bears smoke crack pipes).

My game plan would be precise and execution would be flawless, as opposed to the retarded shit I’m doing now.

Anyway, a bears life expectancy is very short, as bull markets tend to interrupt their devious plans with swift kicks to the neck and groin areas. So, I would have to make my money in a hurry.

If I were putting together a short portfolio, this is what I would do:

Long: FXY (Yen)- My cash reserves would be held in non-dollars, believing the dollar would continue to depreciate.

Long: GLD, SLV– More cash equivalent diversification.

Short: SHLD, ANF, JCG, NKE, UA, DECK, VLCM and JCP. If the U.S. is heading toward recession, all of the above retailers would get hit, badly. However, I would avoid selling luxury retailers, due to their ability to endure slow downs.

Short: C, BSC, LAZ, BBX, ABK, RDN,COWN and RBS– With the eye of the storm in credit related names, selling the above stocks would be mandatory.

Short: FDX, CSX, UPS and CHRW– Transports blow chunks when there is nothing to transport. Plus, high energy prices kill them.

Short: NOC– Even though it is widely believed that military stocks will thrive under a democratic or republican administration, it is not a given. Should the dems decide to trim spending, bet on Navy contracts to get the ax. NOC derives most of their revenue via Naval contracts.

Short PCU, X, HAYN– With worldwide economies slowing, demand for basic resources will drop significantly.

Short: GLBC, NT, CIEN, ADCT and AKAM– Again, recession will force big tech companies to trim. The above companies will get trimmed, continuously.

Long inverse ETF- DUG– I do not believe oil and other commodities will keep going up, with the exception of gold/silver, when armageddon hits. Sell black gold short.

Long inverse ETF: FXP– China has run up the most; therefore it will fall the hardest.

Long MCK, MHS, TEVA: Cost containment for the healthcare industry is a winner, especially with a democratic white house.

Long TLT– With the Fed cutting rates, treasuries should continue to be a safe haven.

Long utlities- Falling interest rates will force old fuckers to find yield and safety, pushing them into the utility sector. My favorites are VE, EN, SO, FE and GXP.

The philosophy of my fucktarded bear position would be to undermine the U.S. dollar, while focusing in on a weakening consumer, cut backs in Gov’t spending, deterioration of earnings in the financial sector and a bet that a cold in the U.S. still gives cancer to our trading partners.

I would avoid selling anything that caters to the wealthy. And, I would not sell short the homies, for fear of a sharp squeeze.

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