Fly Buy: RIG

I bought 1,000 [[RIG]] @ $146.87.

Disclaimer: If you buy RIG because of this post, a swarm of locusts will descend on your property, in biblical fashion. And, you may lose money.

Comments »

“So Spaniard, we shall go to Rome together and have bloody adventures. And the great whore will suckle us until we are fat and happy and can suckle no more. And then, when enough men have died, perhaps you will have your freedom.”

Proximo, Gladiator, 2000

Comments »

I sold short 5,000 [[CATY]] @ $13.38, 2,000 [[WTFC]] @ $25.93, 2,000 [[PACW]] @ $16.90 and 2,000 [[CSE]] @ $15.19.

Disclaimer: If you sell short the above names, because of this post, your local grocery store will jack corn prices up by 200%. And, you may lose money.

Comments »

I sold 5,000 [[ZION]] @ $33 and 10,000 [[CMA]] @ $31.80.

Comments »

I sold out of my stupid [[ZION]] and [[CMA]] positions, for a quick loss.

At the same time, I bought a little more [[UB]]. This is a stubborn trade. I am going against what I believe, which is to kill the banks then urinate on their graves.

I do not like banks. Actually, I hate them. Here I am, like some sort of fucktard, buying them—when I should be selling them short.

There are significant breakdowns all over the sector. From [[WM]] to [[WB]], it looks like the bulls are throwing in the towel, following GS‘s quick “shitting of the shower.”

To hedge my UB position, immediately, I will be selling short [[CATY]], [[PACW]], [[WTFC]] and [[CSE]].

Comments »

I bought 1,000 [[FTK]] @ $20.10, 1,000 [[RIG]] @ $147 and 5,000 [[UB]] @$44.57.

Disclaimer: If you buy the above stocks because of this post, your neighbor will sell his house to a member of the Russian mafia. And, you may lose money.

Comments »

I was correct to cover my shorts yesterday, so far. [[GS]] posted a blowout number, but no one seems to care. Foreign banks, like [[UBS]], [[CS]], [[BCS]], [[IBN]] and [[HDB]], are doing well, while stupid American banks suck wind.

The stupid asshats from Utah, [[ZION]], are giving back all of yesterday’s hard fought gains and more, with the rest of the regional bank space. My initial reaction is to “reapply” short positions and bet on the “hammer of slicing and dicing” to befall on the financials. However, for now, I will be patient and wait for the day to develop.

The two stocks I bought in moderate size, [[UB]] and [[CMA]], are not fairing too badly.

Ag related stocks are gapping higher again. I must say, this is getting more than ridiculous. I haven’t seen such insanity since the dot com era. I know the stocks are supported by strong fundamentals, but so was [[CSCO]] circa 2000.

At the end of the day, in my opinion, the only sector worth betting on are oil service companies, like [[NOV]], [[RIG]] and [[FTK]].

The shippers are gapping higher today, led by big dicked gains in [[GNK]], [[TBSI]], [[EXM]], [[DRYS]], [[DSX]] and [[OSG]]. A lot of people think the sector has bottomed. Look for some follow through, especially if shipping rates improve.

Finally, for a trade, [[CTRP]] looks interesting. The stock has been bloodied in recent weeks and looks “bounceable.” And, I like [[PCZ]], up to $65.

Comments »

Assholes. Like Nike, just do it. Buy the banks or oil will go to $1,000 and you will die.

Hank Paulson, U.S. Banking Bailout Team, Goldman Sachs

Comments »

[youtube:http://www.youtube.com/watch?v=Qb6VMkIHodQ&feature=rec-fresh 450 300]

Comments »

The world is waiting for the greedy fuckers from [[GS]] to show their books. Should they post blow out numbers, “The Fly’s” bank plays will prove to be Godly and quite profitable. If they disappoint, it’s back to the drawing board.

During today’s trade, I greatly reduced my short exposure, almost to nil. I am still short [[FED]], due to its gayness. And, I have minor positions in [[REW]], [[TWM]] and [[DUG]].

[[HANS]] shot up today, on BUD for HANS rumors. Most people who know HANS believe [[BUD]] will bid for them, in order to fuck with Imbev’s bid. BUD insiders do not want to sell to those Euro-trash loosers [sic].

I bought a basket of bank stocks today, namely [[UB]], [[CMA]] and [[ZION]]. The difference in the fundamentals are great. I consider UB low risk, CMA moderate and ZION high.

Keep in mind, I do not like the brokers here. I’m just fucking around with some regionals.

Amuse me with gains, mind you.

I nibbled at [[FTK]]. It’s sort of a recent hobby of mine. Actually, the stock is now my largest position.

Finally, anyone buying banana stocks, [[CQB]], deserves to lose money. And, “The Bank of Cocaine” aka [[BAP]] looks like its shareholders are doing a few lines, prior to buying the stock. Today’s gains may be a prelude of more to come, considering their shareholders are fucking stoned.

NOTE: Corn is a motherfucker.

Comments »