Lehman Goes Privateby Danny on July 14th, 2008 at 3:51:00 pm |
Sorry, I just felt like rumormongering, surely you understand.
The market is listless, as it bounces from one corner of the chart to the next. Like RC, I am more in a wait and see mode. I have bets on the table–that’s good enough until the next chapter unfolds.
The oils have bounced nicely off their trendlines, and I hope they hold on this current test. Coals, however, remain in a state of disrepair. Chart-wise, not future fundamental-wise, I don’t like them as much as I like the (NOV: 76.2122 +2.09%)s and (RIG: 133.00 +1.85%)s of the world. Also, Natty G appears amiable, specifically (HP: 57.46 +3.01%). They sure do climb as wall of worry, don’t they?
Meanwhile, I’m not playing a coming bounce long. Sure, I’ll go long some stocks like maybe (VRUS: 20.79 +2.72%), but mainly I want to re-short.
I still have lucrative vendettas against (BBY: 43.5444 -1.59%), (FMCN: 30.00 +0.67%), (ANF: 49.85 -1.27%) (bastards), reverse horses, (NCMI: 11.55 -1.62%), (DMRC: 0.00 N/A), (VLTR: 15.03 +2.95%), (STEC: 10.48 -2.87%), (DBTK: 12.07 +0.17%), gay electronics, hotels, casinos, and your house.
Final blasphemous thought: Tech looks rich, and I want to short (AAPL: 172.8152 -1.72%), especially if it can’t break 180ish and then the 190ish. Fuck the iPhone. Although the bloomberg app is pretty cool.
Before it goes private, it will go to zero.
July 14th, 2008 at 4:04:48 pmYeah. Leverage fucking up = bust. Ask market participants since the dawn of time and they’ll gladly show LEH where the ocean is.
July 14th, 2008 at 4:09:22 pmI almost hit ANF again today, but I thought it might have one more squirt left in the nozzle.
But by Shorticus, I am I going to get that one.
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July 14th, 2008 at 4:43:23 pmWhy be long into this? Just short the hell out of every regional bank and rake in your 20% a week.
July 14th, 2008 at 5:26:28 pmJake - I hit anf again today. I realized I will pay all the way back to 80 if need be. I know that won’t happen, but I’ll do it. ANF, I think goes back to 45, and after some horsing around, lower.
July 14th, 2008 at 5:46:06 pmNo way that shit goes back to $80. That’s in “a good retail environment.”
As the nasty nazi villain from the original Raiders of the Lost Ark said:
“That time has past.”
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July 14th, 2008 at 5:55:11 pmObviously Jake, I’m just saying. I wish it would just bounce to 68.
I believe I read on dope on a slope that wishing is a verified short selling strategy.
July 14th, 2008 at 6:02:51 pm