Friday, August 10, 2007

 

Fly Sell: LAZ

I sold short 2,000 LAZ @ $39.17.

UPDATE: I sold short 2,000 LAZ @ $39.95.

UPDATE II: I sold short 3,000 LAZ @ $40.72.

Disclaimer: If you sell short LAZ because of this post, Bernanke will do an emergency hike in interest rates. And, you may lose money.

Comments:
Fly,

Are you going to cover LAZ before mkt close? [What if Fed lowers interest rates over the weekend?]

Seems like we might see short covering rally going into last 1/2 hour.
 
No.

In order to check my LAZ short, I am heavily long other names.

Do not stay naked short.

Own something to offset it.
 
If the fed lowers the interest rate this weekend - they were intimidated by talkingheads - stock head - there will be a recovery - yes and next stop dji 12000/10000 take too many steroids and pills and before you know it - your head is up your ass
and you think you're in the clouds
flying high. It's hard to be 34,000feet up your ass.

Those who caused the problem have to take their losses - we should hold no prisoners. While you are looking for something to read - Ayn Rand's (I think it's called) The Art of being Selfish. Just a small book - with a healthy concept - a big fucking concept!

Fuck Real Estate, Fuck the Big Banks - Fuck Goldman bloody
As for Cramer - fuck him too!
 
Harry the 5 corona Horse? $12 million? Seriously. I never have understood why people would lie on the internet. Even if you lied, and people envied you, they are still being impressed by an imaginary person anyway. Maybe you are telling the truth but I would think if you were managing a $12 account you wouldn't be getting drunk off of 5 beers while trading. Where you buying with the $12 million 900 points ago?
 
I don't think the Fed will lower-- it was a hypothetical question.

The financial contagion has been self-inflicted by the same banks, brokers and and lenders who are getting hammered. They deserve it.

Looks like we're getting the short covering rally here to the close, gotta go.
 
Fly,

Is it possible that the CEO of LAZ is a "fat mountain bitch?"

-DT
 
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