Bears Mauled in Gay May Day Rally
I should have sold all of my [[SRS]] and [[FXP]] weeks ago—but I didn’t. The short story is dead, at least temporarily, until we get some really bad news.
In the meantime, it is imperative you go long, in order to stay in the game—providing you are short. Go nibble at some stocks that are down and have big short positions.
Just today, I bought [[NVDA]], [[NILE]], [[ZUMZ]], [[FFIV]], [[FMCN]] and even a little [[GSOL]].
Thinking about SRS, I remember making my worst trade of 2007, prior to my infamous “mountain vacation.” I sold out in the 70’s, only to see it catapult to $140, almost immediately following my sale.
The point: sometimes, when things look bad, they are good—and vice versa.
That’s why in markets like this, as irrational as it is, you must pair your shorts with longs, in order to live.
On a brighter note, “The Fly” kicked three old men into oncoming traffic, in mid-town Manhattan today. All three of them wore top hats and had mahogany canes. I suspected they were short the market. Why else would they dress in such an egregious manner?
NOTE: Stay tuned for Leonard the Monkey’s campaign commercial.
UPDATE: [[CSTR]] blew away numbers. What a no brainer. People are converting their spare change into dollars, then buying furry boots at [[DECK]].
Next time listen to Au Contrair and go long and strong when you are told.
The most espensive thing is a close mind…the French win again, first it was George St. Pierre kicking that NY midget in Montreal donw a flight of stairs and now Au Contrain kicking bears,(FLY), down the elevator shaft of the Empire State Bulding ….Au wins again.
May 1st, 2008 at 4:19 pmYou rude fuckers didn’t even stay long enough for tea. I swear, “bears turned bulls” are batshit crazy, with furtive, darting eyes, wrinkled clothing, and generally nervous demeanor.
But I’m not one to hold a grudge. Just be careful up there in the forbidden zone. Lots of open space. I’ll do my best to keep you up there but I’m sure you’ll come crashing down soon enough.
At least stay long enough to have a fucking mint julep next time. I infuse it with fresh mint sprigs and fancy shit like that.
PS: French people are not allowed in my house. Sorry.
May 1st, 2008 at 4:25 pmAU…sooo true, I’ll bet even Fly will admit it.
Fly, you have “huevos grandes” to go long MBI, ABK and kick Ackman in the nuts?
May 1st, 2008 at 4:27 pmFuck you.
I will never go long ABK and MBI.
May 1st, 2008 at 4:29 pm“Bears Mauled in Gay May Day Rally”
Headlines like this are just another reason I like the internet. Can’t you just hear Dylan Ratigin[sic] or Bob Pisani say this at the top of the hour.
Fly gets it.
May 1st, 2008 at 4:35 pmFly- Those three men in mid-town Manhattan that you kicked were the local commies leading the annual May Day parade.
May 1st, 2008 at 4:39 pmdangnabbit fly, you got us again!
May 1st, 2008 at 4:57 pmFly, two old men bounced off the windshield of my Bentley today. Shall I forward the garage bill to iBC?
May 1st, 2008 at 5:00 pmI picked up 2 of the 3 canes and I’m banking coin selling them to my older friends. Thanks Fly. Every little bit helps.
May 1st, 2008 at 6:25 pmSo the brillant Doug Kass went in all short a couple of days ago - great move, eh?
May 1st, 2008 at 6:47 pmi wish all these cnbc clowns would be buried alive in a giant pit of potash.
May 1st, 2008 at 7:56 pm@Big Mike:
Um, are you implying that Fly is a woman?
“huevos grandes” = big eggs.
Women have eggs.
I think you must have meant “pelotas grandes” because you were trying to avoid the cliched palabra “cojones”.
May 1st, 2008 at 9:42 pm