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Elevator Down

by The Fly on February 29th, 2008 at 10:17 am

Being heavily short, I’d like to celebrate today’s decline by kicking some old dude down and idle manhole. But I won’t.

For the most part, my short positions are at or near cost basis, disabling “The Fly” from participating in egregious unwarranted celebratory actions.

On the day, thus far, I’m up a yatch full of coin, as (SKF: 132.50 +2.58%), (SMN: 34.60 -2.67%) and (SRS: 94.21 +2.42%) print higher. Also, it looks as if Mother Lehman is finally about to die.

Long story short, we are in a tight trading range. with a downward bias. Anticipate, over the next two weeks, many 10-k’s to be filed, with all sorts of market jarring disclosures.

Top pick: SRS

7 Responses to “Elevator Down”

  1. jeff Says:

    You still like SMN, I am trapped in that bitch at approximately 45.34. Fuck, lots of cash to be made if I would follow the buy many times rule.

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  2. The Birdman Says:

    Maxi pad polar snowshoes cannot stay away from $120. No matter how hard people try.

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  3. Juice Says:

    PPT will be out in force Monday am … just got the bulletin

    they have informed me that they will attempt to keep the market above support but they will fail, & to short into any egregious Monday poppage

    thankyou, you may return to your regularly scheduled bear market program

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  4. JakeGint Says:

    It’s Friday, I’m short, and relatively happy today (for me), so I’m going to attempt to be Q4 with a bizarre musical offering:

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  5. larry Says:

    Alias: BPOE

    I love this market! It’s the old WILD WILD WEST. Traders market 101. I heard Jesse Livermore even made a few trades. Shorts of course.

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  6. Warning Says:

    Echo on the careful by fly. We may not rally hard but will close above 12420. If so longs are still good. If not, then time to reconsider.

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  7. darksama Says:

    My boyfriend spends too much time on websites like this. I hate all those sources! They must be abandoned!

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