Thursday, June 2, 2011

Question: if the recession is over and everything is A-okay....

Why are all the major bank stock, which you would presume they need to be the strongest performers to get us 'out' of this mess (lol)- they are all getting smoked.

Take it the way you want, I think this is the summer of 2007 and whats going to be 2008, again. Its a great start. Fire up the printing presses, or we are going to zero.




GOT PUTS?

44 comments:

  1. If you haven't watched Keiser Report Ep. 152, then please do:

    http://www.youtube.com/watch?v=EVbL8eWwER0

    Very relevant information.

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  2. bought SLV puts before the shit slide. This market is a joke.

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  4. @SGS: I got a whitening program for her. LULZ

    @PaidInGold: I do have some dry powder, but I'm saving for that something of the .223 variety instead of Phyzz this month. Gotta get all my bases covered!

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  5. omg quick lets raise silver margins and lower ES margins! aaahhhh!

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  7. @sgs
    Is it just me or do we really live in the twilight zone???
    Market rises on bad news.
    Market explodes up on terrible news.
    Obviously bullish news for precious metals equals huge liquidations and selloffs.
    War breaking out in the MENA region and crude slides. Up is down and left is right WTF!
    Just keep buying my phizz and hoping the market represents their true value one day. This whole shit is fcked!

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  8. @PaidinGold

    I wish I only had to purchase rounds. I need to get the rifle first. I'm leaning towards a Ruger Mini14. I have the shotgun covered for the time being (12g Mossberg with 125 shells of 7.5 birdshot, 50 shells of PDX1), handguns for the wife and I, and a .22 with a few thousand rounds. I have a few cases of bottled water, with the capability to treat 72,000 gallons. I don't know how many months of food I have, but I would say at least 3 for my family.

    I broke into triple digits of phyzz last month, and while I have added to that, I can't justify adding more until I get the rifle, some more medical supplies, and some kind of solar-electric solution. Some way to cook all this shit without electricity.

    I'm in PA, with no option to relocate aside from locally. I woke up too late to really change my income given this job market. (I deliver pizza, and I don't have any marketable skills.) I'm hoping the best I can do will be enough. I WILL NOT allow my 2 year old son to grow up repressed by tyranny.

    Until that day we rise up and collectively cast off our chains as one race,

    Keep stackin'!

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  9. Sold calls on lnkd and bought puts and some how this garbage of a company is up today. 7.5BILLION market cap. That's not a typo a $7,500,000,000 market value on a company that lets be honest is not even going to exist in 10 years and that's being generous. Oh did I mention they earned what $3,780,000 last 4 qtrs. Can't make this shit up.

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  11. JD - I am on the opposite side of the table as you (short puts @ 70 strike). You think you're smart in realizing that LNKD is overvalued? Join the other billion sheep that are on the same side of the trade as you. The stock is a perfect short squeeze candidate with such a low float and high short interest, and as I mentioned earlier, there are some powerful people at Facebook et al. that can easily support a higher price for the time being, so that they keep the bubble going before their own IPO's.

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  12. i have a doubt. i am not able to understand what will happen to PM's if greece defaults. or any european country defaults or US goes into recession. Will PM's go down or up. Can we all have our views.

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  13. @heward

    you are the most awesome pizza deliverer i know. if you're smart enough to know about PM, i'm sure you have more power within you but to each his own.

    you are strapped to the teeth! and yes, a rifle is on my mind too. but i have what i have, and if i relocate to a more lenient gun law state, i'll just strap up with ARs there. Cali is way too expensive, and our guns are pussified to a degrading level.

    @we the sheeple

    what happened to STHG broham?

    did my dd so i pulled outta my order. there's no reason for that stock to rise at this time, but yeah, i was considering giving this pump and dump a shot. no cigar tho.

    completely agree with your facebook et al, silicon valley money, propping up lnkd for their own pending IPOs.

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  14. LOL @ STHG. that piece of shit cost me a pretty penny today. nice work avoiding that trap, I wish I had more discipline like that. basically a couple of insiders were buying up huge amounts of shares and were supposed to be releasing news and buy recommendations today as part of a pump and dump. who knows what the hell happened, chalk that one up to a loss I guess...

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  16. @ Everyone.

    WTF is going on, these markets are beyond mangled. USD index drops like a rock, and silver drops like as a rock as gold recovers??? Miners still sitting at the same place they were when gold was less than 1000/ounce?!?

    Also, anyone notice how small a slice of bread is now? When I make a sandwich, the cheese and everything else hangs out from all four sides. I swear, a slice of bread is 30% smaller than it was a few years ago. Anyone else agree?

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  17. @JD Its the governments final solution to obesity in the US!

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  18. @JD: I rarely buy bread anymore, but I agree with you, the loaves are getting smaller. May I suggest baking your own bread? If I were to go out to the grocery store right now and pick up a loaf, it would be between $2.19-$3.49. However, I have been picking up the frozen bread dough and baking it at home. I can get a pack of 5 dough loaves for $4.49. Granted, these loaves are roughly 75% the size of normal, but I'm spending less then a dollar per loaf.

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  19. If its an exact copy of 2007-2008, Silver is going to $15, Gold to about $1200

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  20. @ G.L

    Too many people can see what's coming. PM's are going higher.

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  21. LOL - Bread is same size here but the price has doubled about 18 months. Sorry off topic, but I love garlic and my grocery store only carries Chinese garlic WTF. I don't want garlic sprayed with DDT and fertilized with human waste.

    Agreed these markets I think are stupid because the US economy is in the sh*tter and QE3 uncertain, and Greece has place the Euro zone on the verge of collapse. Check out today's Kiezer report - on point!

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  22. @we the sheep

    First of all you can't even short lnkd in yet. So there is no short squeeze even possible. You claim a billion people think it is overvalued could that possibly be because it is and I am not sure you are correct since the thing is somehow still trading above $79

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  23. @we the sheep

    I hope your short the June 70 puts. Cause if your further out your asking for pain. Your basically just hoping the *sheeple keep the bubble going. You don't really think lnkd business model is going to be profitable going forward do you? Come to think of it its barely profitable now.

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  24. LOL JD I'm just stating the facts and trying to save you some money.

    1) just because you can't short them doesn't mean they're not being shorted. there are currently 1.2 MM shares on loan that are shorted (out of 7.8 MM shares float).

    2) at $80/share, that's a mere $624 million of float. Anyone with some coin could easily keep it propped up for now with some stink bids. Think of the Facebook billionaires who make hundreds of millions more for every dollar higher the IPO goes. Insiders at LinkedIn can't sell their shares for 6 more months.

    3) Their P/E is like 1,000, EVERYONE and their mother knows it's overvalued. the way you make money is by knowing what the other fools don't.

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  25. Where are you getting information saying 1.2 mm shares short?

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  26. Trust me the fbook billionaires could give a fck about lnkd. They just want to see that there is demand for ipo's which obviously there is. That said the stock is already down 36% from its high of $122. Not exactly doing a good job of keeping it propped up. Also they clearly fcked up when the priced the ipo at $40. They left so much money on the table.

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  27. http://www.businessinsider.com/linked-in-ipo-2011-5-b

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  28. Has anyone looked at GS lately? ALMOST a new 52 week low! Couldn't happen to a better company!

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  29. QUESTION: has anyone bought silver in less than 1 oz. coins? The premiums are higher, but here is my thought. If it gets as bad as some of us think, you might want to bribe a nosey neighbor or someone else to get some info. and an oz. might be worth too much. I see APMEX is actually selling 1/10 oz. silver! Any feedback would be appreciated.

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  30. @JD - I will gladly accept your outrageous premium for July 70 puts and laugh when they expire worthless.

    @Ledbedder - I wouldn't bother personally, especially if the premium is much higher. just use the gun instead.

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  31. WE THE SHEEPLE: thanks for the response. Yeah, probably won't either, just wanted to get some feedback.

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  32. > QUESTION: has anyone bought silver in less than
    > 1 oz. coins?

    Yes - it's called Junk ... pre 1964 US .90 silver coins. Premiums are very low. Mercury dimes are the best for ease of recognition.

    I wouldn't pay APMEX premiums for new fractional silver.

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  33. Who loves discounted silver? THIS GUY!

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  34. Friday's employment report could kick Silver's ass tomorrow. I have betted that it wont, but I am the worst market timer in the world!

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  35. @we the sheep
    Yeah I wouldn't buy that shit either. 470/510 for the july 70 is insane.
    That's why I sold june calls and the puts I bought are sep way out the money.

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  36. days like today make one wonder if the Illumined ones will every allow the salamanders to breathe .... usd, gold and silver crushed, that almost never happens in same day ... oh well, we can pray the PMs wont have carpet pulled in long run

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  37. APMEX doin a 24 hour sale on Sunshine Mint 1 oz Silver coins.... $0.99 over spot per oz... any quantity. Stack em up... sale ends Fri. @ 5pm Central time.

    www.apmex.com

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  38. I would like to check on something with anyone that has the info. And wants to respond.
    I was just looking through some charts and closing #'s, and ran across something apparently no one has noticed that I think is significant.
    It looks like an after hours trade went through on TKRFF.......
    Almost 235,000 shares @ .65
    Tape painting or does someone know something we don't?
    Would appreciate anyone that can verify.
    Thanks.

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  39. Ooooops,
    That would be over 473,000 shares @.65!
    Hope this is true.

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  40. warrants expiring my friend...its getting into very strong hands now on such low float.

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  41. @JD --- Dude... The Weather Unit straight up jacked your quote today about bread... go to his blogspot, you'll see it.

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