Monday, April 13, 2009

Bluestar luvs.......

anacot steel.

http://www.youtube.com/watch?v=7upG01-XWbY

That's right my greed has finally returned. Been waiting for the time to strike on the short side again and thus now is the time. With recent surge in the banks largely due to 1 company wells fargo preannouncing (wonder who told them to do that) the market has now been rushing to cover their bank shorts which has pushed a lot of banks up in the last few days.

That means it's time for me to bring back greed, as greed is good greed is crystal clear. FAZ a triple short on banks is at 9.15 and with a stop at 8.15.

I am prepared to give this one a real shake rattle and roll over the next few days, like a an Egyptian belly dancer, lets shake this one until the music stops and then some. We have banked enough earlier in the year to take a good roll at this one. Can't wait to see the provisions on their commercial real estate portfolios and credit cards. Every day I walk around Manhattan I see shops closing down with "to lease" signs on the window. That is not bullish.

Giddy Up

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