Death to GM
July 2, 2008 – 2:40 pm
I really do think going for the ‘Hail Mary’ put on (GM: 2.88 +3.23%) is worthwhile. Apparently, they need to raise 10-15 billion dollars, in order to stay afloat.
No fucking way that happens, without pain.
On the GM death dance, I like short steel here. I like it so much, I am buying (SMN: 132.16 +21.55%) here. That’s right, “The Fly” can’t lose.
Also, I hope you took my ‘fuck the industrials’ advice and bet against (CAT: 32.84 -3.04%), (TEX: 9.33 -8.62%) or (FWLT: 14.03 -17.03%). I still like them to go lower.
Finally, (PZN: 2.48 -15.65%) will hit single digits. However, I cannot find stock to borrow. If you are lucky enough to get stock, then sell it short, go fuck yourself.
NOTE: I like short (MXB: 11.88 -1.90%) here too.
I am short the CAT trade with you.
July 2nd, 2008 at 2:42 pmWhat the fuck is going on with KOL? I haven’t checked the market since open. My models say it should be somewhere around 55, not … (what the fuck?…) 53. Did some news just come out?
July 2nd, 2008 at 2:55 pmIf its time for SMN, DUG can’t be far behind.
Also, short OEH. International hotels will die.
July 2nd, 2008 at 2:55 pmhaileris: I got crushed in KOL today, got stopped out just below 54. European coal prices fell the most in 3 years.
July 2nd, 2008 at 3:01 pmWith coal prices tanking, does this mean death to those that do the dry bulk shipping?
July 2nd, 2008 at 3:02 pmI imagine shipping rates will have to go down because of this, no?
Railroads ship all coal within the US.
Have a look at BNI UNP CSX
July 2nd, 2008 at 3:08 pmbuying SMN after a one day 10% move?
the wrong data tomorrow and you will be deballed by SMN, yet again.
godspeed, space alien magician.
July 2nd, 2008 at 3:09 pmNo balls, no babies.
July 2nd, 2008 at 3:12 pmThanks juice, but my thinking behind wanting dryshipping as opposed to railroads, is those are a tad overplayed right at the current moment… great on a bounce though. It doesn’t look like the dry bulk shippers (EGLE,DSX,DRYS,TBSI) Have taken quite the same amount of hit just yet. Plus shipping has had outstanding growth in the past. When growth stocks lose their growth/momentum slows/fundimentals show reason for concern, especially when market is not in bull market mode, they usually get hit the hardest. Hence why IBD and CANSLIM only works in an up market.
July 2nd, 2008 at 3:20 pmDry bulk index could have a long drop.
huh?
July 2nd, 2008 at 3:26 pmLEHMAN EMPLOYEES TO RECEIVE MIDYEAR BONUSES EQUAL TO 20% OF ANNUAL COMPENSATION: REPORT
Dryshipping has been hit harder than the rails. Dryshipping broke last year & had a failed rally 6 weeks ago. They both go lower.
July 2nd, 2008 at 3:31 pmwhat’s with all the hidden number text… some secret code to plug into some program to spit out stockpicks?
July 2nd, 2008 at 3:32 pm0.32559394836426
Null — that’s so they don’t bounce out, I guess. Although 20% bonuses is for shit if you’re in the big boy territory (IB & Sales&Trading).
Must be trying to keep the drones?
___
July 2nd, 2008 at 3:32 pmthanks for getting me in at $81
July 2nd, 2008 at 3:32 pmHow does LEH have the money to pay anyone? Egregious.
July 2nd, 2008 at 3:32 pmWhere’s Calvin?
What a sweet entry into PCBC (over $15) I missed today, via a lunch appointment… yipes.
Someday CRM will have a similar opportunity point. It’s coming… soon.
_
July 2nd, 2008 at 3:33 pmYou said stay away from SMN what, a week ago?
No Cramer’s….
July 2nd, 2008 at 3:36 pmAhem…
I
haveam buying (SMN: 32.99 +11.74%) here._
July 2nd, 2008 at 3:36 pmFuck you, I changed my mind.
The Stock God has spoken.
July 2nd, 2008 at 3:38 pmLook you…energy stocks are next;
Meanwhile, I will have fun shorting coal companies via JRCC.
Top Pick: DUG
July 2nd, 2008 at 3:38 pmDarn it Jakey, I thought you were gonna do a limit order at 14.40, as of yesterday. When I saw the 15 today, I thought you were like a rabbit’s foot on a key chain.
aside.. I had postulated that Martay would destroy this bank just like he did Downey. Seems he is not intrested though.
Big Mike, you seem like a considered gentleman and I defer to your judgement on DUG, as well as coal and steel. Going to open up a little short feeler on the trio and see what happens tomorrow.
last aside.. calvino is still furious about the pump job the BOJ ran on the chf and eur. filthy douchebags.
just one more aside.. LVS may or may not go into receivership.. ditto mgm. if wynn thinks it’s like a teflon duck, step on it and see if it quacks.
July 2nd, 2008 at 3:43 pmI’m getting tired of being a bottom calling bulltard
July 2nd, 2008 at 3:44 pmCalvin, it was day order yesterday that didn’t hit. And I forgot about it today… how sweet it wouldve been to have caught it that high huh?
July 2nd, 2008 at 4:03 pm