Thursday, August 09, 2007
Update on Eubel, Brady & Suttman
If you recall, on 8/1, I alluded to the amount of damage Eubel was doing to their clients accounts. It is my opinion, their losses will beget more losses, as other fund managers smell blood in the water-- via shorting their large holdings.
In short, they're getting lit the fuck up.
Shorting MCCC, HK, SEAB and RLI has worked like a charm.
My point: Do some research on hedge funds in trouble and identify the ones who will be forced to make liquidations. Within the troubled funds' positions, consider shorting the ones that are illiquid. It's an evil game, I know, but it works.
To help find "fucked funds," go to Nasdaq.com.
In short, they're getting lit the fuck up.
Shorting MCCC, HK, SEAB and RLI has worked like a charm.
My point: Do some research on hedge funds in trouble and identify the ones who will be forced to make liquidations. Within the troubled funds' positions, consider shorting the ones that are illiquid. It's an evil game, I know, but it works.
To help find "fucked funds," go to Nasdaq.com.
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I don't know horse dick about any of these stocks, but at some point they sure as hell will be a buy when these fucks puke their last share
Fly,
Can you explain the FXY buy? I know nothing about currencies other than I can't vacation in Europe anymore because of the dollar.
-DT
Can you explain the FXY buy? I know nothing about currencies other than I can't vacation in Europe anymore because of the dollar.
-DT
From what I've been reading lately: hedge funds are blowing up daily .. 2 or 3 a day .. quant funds are blowing up .. crazy moves you see in some stocks are shorts having to cover or longs having to liquidate .. its just wild & crazy shit & its gonna be like this till enough leverage is unwound, till enough funds get taken out back & shot.
Silver--
Go to nasdaq.com, punch in the blown up security, then proceed to look at the major institutional holders.
Then, click into the fund and review their listed holdings.
rocket science.
Go to nasdaq.com, punch in the blown up security, then proceed to look at the major institutional holders.
Then, click into the fund and review their listed holdings.
rocket science.
Here is some more great news out late tonight.
http://www.marketwatch.com/news/story/sp-76-ratings-19-us/story.aspx?guid=%7BDBF54671%2D35EC%2D4489%2D8BAA%2D10097A59FA0A%7D
http://www.marketwatch.com/news/story/sp-76-ratings-19-us/story.aspx?guid=%7BDBF54671%2D35EC%2D4489%2D8BAA%2D10097A59FA0A%7D
Fly,
Here, Fast Money answered my question for me about FXY. For all you other idiots here's what I learned tonight from Guy Adami.
Too lazy to create link. Copy and paste, bitches.
http://dinosaurtrader.blogspot.com/2007/08/fxy-and-yen-carry-trade.html
-DT
Here, Fast Money answered my question for me about FXY. For all you other idiots here's what I learned tonight from Guy Adami.
Too lazy to create link. Copy and paste, bitches.
http://dinosaurtrader.blogspot.com/2007/08/fxy-and-yen-carry-trade.html
-DT
DT: Not trying to be rude but the FXY play was detailed very well here by Woodshedder a few months ago at the first mention the the carry trade. Please see the archives, Wood did a hell of a job on it. By the way if you read it let us know how his calls held up, I haven't checked in awhile.
# posted by 
: 8:57 PM
: 8:57 PM
DT: Here is the trackback link. By the way Fly has made the most money in FXI I believe, Broker correct me if I am wrong.
http://flyonwallstreet.blogspot.com/2007/03/yen-carry-trade-technical-perspective.html#links
http://flyonwallstreet.blogspot.com/2007/03/yen-carry-trade-technical-perspective.html#links
# posted by : 8:59 PM
: 8:59 PM
One more thing while I am at it, my favorite pick right now is NDAQ and I think it is still ungodly cheap here with the volatility and trading volumes going on and no overhead of old crusty balled men to pay. Another observation that I have made lately (I am trying to move day jobs) is that the fucking derivative funds are fucking coining money and spending it like mad on IT servers, mainly Sun servers and some Intel servers. Just an FYI.
# posted by : 9:10 PM
: 9:10 PM
Gappy,
Thanks for the link I will check it. I have no doubt that Wood did it far more justice than my brief summary of the Fast Money guys.
I just wanted a post title with "FXY" and "Yen Carry Trade" in it because those things are cool to say right now.
-DT
Thanks for the link I will check it. I have no doubt that Wood did it far more justice than my brief summary of the Fast Money guys.
I just wanted a post title with "FXY" and "Yen Carry Trade" in it because those things are cool to say right now.
-DT
Great link Gap, and a belated "excellent post" acknowledgement to Woody.
I've updated my page with it.
-DT
I've updated my page with it.
-DT
It is my belief that precious metals will benefit from rate cuts and yen carry trade unwinding. I know Fly probably disagrees and Mike is a douchebag, but, hey, that's what makes a market.
Well holy shit, I actually agree with you hairy horsecock. Both of those scenarios are bullish for gold.
Fly man we are fucked, did you read CFC's press release. We are going down big tomorrow. Largest mortgage lender.
Holy crap.
Holy crap.
futes taking another bath .. this oughtta get the feds attention
more hedge funds going under tomorrow ... more deleveraging .. more liquidating both long & short
more hedge funds going under tomorrow ... more deleveraging .. more liquidating both long & short
If you like gold and buy GLD (gold etf) and if the market crashes don't hold onto GLD-sell at first sign of distress. On Black Monday (10/19/87) gold popped up $50 and by the end of day it was down about $50 due to margin calls, raising cash,etc. I am not predicting a crash; in fact believe some of the large cap techs will do well in the morning. What happens after the morning who knows? Even now with the Dow futures down 100 the NASDAQ futures are down "only" 11. If NASDAQ rallies gold stocks would be a good trade through GDX (gold stock ETF).
All I have to say is FUCK YOU GREENSPAN. I bet greenspan partners will be banking major coin this year. Didn't he partner with Bill Gross. Talk about a big FUCK YOU way to leave a job. Some people steal a stapler or office supplies, but this fucker took the credit market with him.
You are still bent over with those 12k shares of ARWR Gap, I don't think you should be recommending any more stocks to us corn fuckers.
It is my belief that precious metals will benefit from rate cuts and yen carry trade unwinding.
Hey, I know a guy who has the inside track on palladium. What me to have him stop by for a visit?
Hey, I know a guy who has the inside track on palladium. What me to have him stop by for a visit?
# posted by : 11:30 PM
: 11:30 PM
I'll do just about anything to get him to stop spamming my blog, including sending him over to Harry's house.
# posted by : 11:59 PM
: 11:59 PM
NewEq: I typically don't respond to douche bags but I will let you know that I sold my ARWR position since your so obcessed with it and only took a $1076 loss on it. If check the chart fuck face you will see it bounced back quite well and since I am not a pussy like you I averaged in well in the high 3's so go suck a cock like you mom faggot.
# posted by : 12:17 AM
: 12:17 AM
Trader,
If Hedgies are forced to liquidate there Gold positions it will be a gift from God. I will not sell one ounce, only add on weakness as I was today. If you take the time to study the Gold Bull of the late 70s, you will understand how it important it is not to get shaken out just before a parabolic rise. I have built a heavy long postion in unhedged Gold shares and bullion over the last 2 1/2 years for this exact scenario that will last over the next two years. To think I'm going to leave before the party starts is plain crazy.. To each his own and best of luck to everyone here as your going to need it. I will not post here again until Gold hits 1000. I'm sure I will be missed.
Jog On Bitches.
P.S. Long live Peter Schiff!
If Hedgies are forced to liquidate there Gold positions it will be a gift from God. I will not sell one ounce, only add on weakness as I was today. If you take the time to study the Gold Bull of the late 70s, you will understand how it important it is not to get shaken out just before a parabolic rise. I have built a heavy long postion in unhedged Gold shares and bullion over the last 2 1/2 years for this exact scenario that will last over the next two years. To think I'm going to leave before the party starts is plain crazy.. To each his own and best of luck to everyone here as your going to need it. I will not post here again until Gold hits 1000. I'm sure I will be missed.
Jog On Bitches.
P.S. Long live Peter Schiff!
hm.. I'm thinking I should dump my GS out of the gate tomorrow morning and take a $300 loss.
# posted by : 12:41 AM
: 12:41 AM
Gap,
I also bought ARWR in the high 3's and have held onto it since then.
They have to many great ideas down there to be ignored.
Don't let NewEq get under your skin, for him it's a job and for you it's a hobby.
No offence NE.
I also bought ARWR in the high 3's and have held onto it since then.
They have to many great ideas down there to be ignored.
Don't let NewEq get under your skin, for him it's a job and for you it's a hobby.
No offence NE.
fucktard
Noun. A combination of the word "fuck" (to fornicate) and the word "tard" (to delay). Therefore, a fucktard is a girl who won't let you fornicate with her until like the third or fourth date.
Most catholic girls are fucktards.
Noun. A combination of the word "fuck" (to fornicate) and the word "tard" (to delay). Therefore, a fucktard is a girl who won't let you fornicate with her until like the third or fourth date.
Most catholic girls are fucktards.
CFC CEO Angelo Mozilo should be tossed behind bars. Fucker sold $9,000,000 worth of stock 2 days ago & 24 hours later he dumps this info on the public. That commie fucker has sold over $130 million in stock since the Jan 1 of this year. He should be made to give it all up to those people who are losing their houses. WTF! He is SCUM & a snake.
I read some of the material in CFCs 10-Q filing and quite frankly the risk language is the same CMA disclosed in past filings. Its just that the market has noticed them this time. Perception is reality on Wall Street and I guess reality doesn't matter except to the value hunters. The only problem I see in CFC (and its not minor) is that they are have trouble selling some of their loans and have to keep them on the books longer than usual. This too shall pass IMO.
Faber says all currencies will depreciate against gold over time, which is obvious. He is relatively positive about the US$ unless the fed floods the market with liquidity & starts cutting rates. Which would likely keep a lid on gold.
Next few weeks should be a good opportunity to pick up some solid names on cheap. I think aug 15 to aug 30 is the time frame where hedge fund investors can withdraw their money from some funds. Fund managers will have to sell some names to be prepared for this. So, in certain companies we may see some artificial selling.
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