Does This Mean the Secret Bidding War for BSC is Over?
Boy, do I feel like a fucking red nosed clown, for covering my [[BSC]] short on Friday. That fucker is headed for severe beat-down territory and I’m not short. Unfuckingbelievable.
As I cover my shorts, and they trade lower, I will be very upset. Naturally, I realize it’s impossible to catch a bottom or a top; I still want to do it—like everyone else.
Today, the ag stocks are being raped, as [[MON]] gets uprooted and beaten senseless. By the way, I’m short MON from $110.
As of now, I still have meaningful short positions, and a fuckload of cash. Instead of doing a bunch of clown trades, like some of you fucktards, “The Fly” will remain calm and patient, while waiting for the next trade to come to him.
Bottom line: aside from a few pockets of strength, the market will go lower, thanks to the rotten behavior of the banks and brokerages.
Remember, nothing scares a market more than insolvency.
Is that a helicopter I hear yonder, or just brain drain spin?
March 10th, 2008 at 9:02 amtell me about it fly. i left another 150% on the table on my BSC puts. can’t go poor booking profits though. death to LEH
March 10th, 2008 at 9:03 amIts obvious.
You’ve all handled BSC’s ass pennies.
March 10th, 2008 at 9:04 amFly, you holding strong SKF?
March 10th, 2008 at 9:04 amActually, the thing that really scares the market is ‘Carnies. Circus folk. Nomads, you know. Smell like cabbage. Small hands.’
March 10th, 2008 at 9:06 amItching to sell the rest of my SKF.
March 10th, 2008 at 9:07 amWood,
Short MOO …. you have a target for the downside?
Thanks, #8
March 10th, 2008 at 9:07 amanybody watching lehman as well?
wow…i covered half at 43.50, now this shit is at 43
March 10th, 2008 at 9:09 am8- the powers that be are watching.
I can’t pull up charts right now. I’ll look at it this evening.
Key word is short. Probably the best way to be, for another day or so.
March 10th, 2008 at 9:12 amI haven’t heard so much rumor mongering since the ‘87 crash. Out of control. Anyway, buying SMH on dips and selling it on upticks.
March 10th, 2008 at 9:13 amIMO the rumors are bullshit. Watch KRE (Regional Bank ETF). It’s positive. If their was a liquidity problem it would be crashing.
Thanks …. don’t get caught now …. later!
March 10th, 2008 at 9:13 amThat Lewis guy from Travistock Corp. who made the big investment in BSC around $90 ain’t going to allow it to bleed to death. He is no schmuck.
March 10th, 2008 at 9:26 amHey Fly,
Are you selling SMN before the Fed rate cuts on next Tuesday? Whats your exit point?
I have a 200 Moving average at 47.44, for a partial exit point.
March 10th, 2008 at 9:26 amI have some SMN and I think it could take a temporary hit with a rate cut, but the more and more rate cuts the less effect it will have I think. Continuing to cut rates will lose its “save the day” factor a little bit more each time, losing credibility…. however, I will defer to The Fly
March 10th, 2008 at 9:32 amLook you fucks, with oil at 107 we are fucking fucked. Anything that depends on oil is going to near zero with a capital 0. Zero. Now myself I think this is unsustainable, I am looking to buy DCR on the way down or DUG. Fuck oil, fuck Eric Bolling.
March 10th, 2008 at 9:34 amNice call on SMN. Getting ready to sell my USO.
March 10th, 2008 at 9:38 amSMN = Sell MON Now!
we’re back from the 52 low dipper.
nice!
March 10th, 2008 at 9:50 am