Still Going
I have no interest to trade this market, ahead of 4th of July festivities.
I’ll have you know, I intend on lighting egregious amounts of dynamite and mortars, in order to rattle my fucking neighbors. They’re the snooty type, always looking at “The Fly” in an odd way. You know, the “how the fuck does that young man have more money than me” type of look.
Thus far, the trading session is going according to plan. We’re going lower, even my oil stocks. People are just tossing in the fucking towel, exclaiming “fuck it, sell it all.” The oil plays should work, under normal market conditions. However, this shit is not normal. This is end o’ world trading, where investors are cutting each others necks, in order to make a wooden nickel.
With that in mind, I refuse to buy anymore [[RIG]], above $145. And, I will commence massive buying of [[REW]], whenever I get motivated to do so.
For the most part, the banks are played out, both long and short. They are becoming a waste of time. I do like the idea of being short [[HRB]]. However, in practice, it’s as boring as a one legged goat.
With my money, I might add to my [[FMBI]], [[WFSL]] and [[TCB]] short sale trio, or not. Maybe, I’ll just fuck around with [[EEV]].
One thing is for sure, [[FXP]] is on its way to a hundo. Both [[CHL]] and [[LFC]] are broken. Feel free to bet against them with impunity.
Top pick: REW
The ‘instrument of the devil’ SMN is outperforming today. I don’t suppose you have any.
July 2nd, 2008 at 12:10 pmI accidently highlighted “Developing…” only to find “1.5974044799805E-05″ in white text under it.
Trying to be subliminal or some shit?
July 2nd, 2008 at 12:11 pm2.1934509277344E-05
The number is changing. Some sort of time machine instrument?
July 2nd, 2008 at 12:13 pmThe gladiator is a great image for being in today’s market.
July 2nd, 2008 at 12:14 pmBoom I got the same number
July 2nd, 2008 at 12:18 pmSpeaking of Boom, I finally covered my BOOM short today.
Helluva trade, lol. Congrats.
July 2nd, 2008 at 12:27 pmThe death of “X” part II…
Put a fork on Coal companies too…JRCC, ACI, ANR down over 11% each…
Dougie Kass is shorting FCL after calling a yearly bottom on stocks yesterday…
Watch some consolidation on Priceline (PCLN) breaking 200EMA from all the way since Aug. 2006;
July 2nd, 2008 at 12:29 pmJust picking apart mutual funds top picks…aka Ken Herb (Fortune’s Investor of the Year).
Holly Fuck … SMN now up 10.36%. A lot of fuckfaces are being killed today.
Let those be warned … oil is on deck.
July 2nd, 2008 at 12:36 pmmaterials getting smoked SMN has FCX and MON as the two largest weightings
July 2nd, 2008 at 12:41 pmSM fucking N!
-DT
July 2nd, 2008 at 12:42 pmOil is on deck for what?
July 2nd, 2008 at 12:43 pmMy AAPL short is working out well. Death to SBUX.
July 2nd, 2008 at 12:44 pmSMN is a deathtrap…I could have retired for the year if it wasn’t for that god forsaken name.
Solar names getting spanked too…LDK, JASO.
Somebody big is definitely unloading all these names…I’m just wondering if someone will be buying them on the dip, like last time.
July 2nd, 2008 at 12:44 pmYou see all the momo names taking it prison style, no vaseline?
How much longer can CRM defy gravity?
July 2nd, 2008 at 12:46 pmNo one wants to buy before tomorrows data, so the market is going to make you.
Late day rally!
July 2nd, 2008 at 12:49 pmI’m very curious what Trichet will do tomorrow. He seems capable of anything just because he feels like being obstinate. Could be lots more gyrations tomorrow imo.
July 2nd, 2008 at 12:52 pmhttp://www.bloomberg.com:80/apps/news?pid=20601109&sid=aULwggbSCTe4&refer=home
any thoughts on shorting TRLG? The stock has held up well , but ……
July 2nd, 2008 at 12:57 pmMost of us all got a little burnt by SMN on its way down, and now the fucking thing decides to break open the champagne without us.
The funny thing is that DUG and SMN looked fairly correlated until this point.
July 2nd, 2008 at 1:01 pmJean le Cretin will raise rates tomorrow , to help the Imperial War College continue its economic war on the West. Onishi Takijiro has hosed the markets with liquidity in the overnight and yet again dropped his currency to better slit our throats.
July 2nd, 2008 at 1:02 pmNUE down to $65? Is anyone else game to buy Nucor down here ?
I do not really know the steel industry so well, so not really sure if this is now a bargain.
July 2nd, 2008 at 1:09 pmOSK is continuing in its losing ways.
July 2nd, 2008 at 1:17 pmFXP works for me, whether or not there are Orympics.
July 2nd, 2008 at 1:52 pm