Monday, December 8, 2008

Have you seen my ASS? ~ FINANCIAL BEAR 3X(Public, NYSE:FAZ)

The FAZ logo!!!

... we will wear our mistake like a "Cramer post-it note"


DOWN 33.87%


... adding FAZ calls when WFC hits $35!!


The Santa Savior!

AAPL calls up 100%+

*take profits*
The GS calls ... sold half.

a 2 day double!

100%+ profit.


p.s. SOLD the devil (FXP) ... satan, not santa. lost 40%.

35 comments:

Anonymous said...

YOU STILL 70% short. plus your calls

BUY ON THE DIP said...

basically.

holding spec puts, the amigos (minus the devil) ... and FAZ.

long: leftover GS & AAPL calls.

35% cash. from sale of 1/2 calls, and FXP.

this rally may last a week or 2 months, who knows. we're pretty much done for 2008, and positioning for 2009.

good luck all.
sorry about FAZ, etc.

waiting for 9200+ on the DOW and WFC $35+ ...

>.< said...

Yup got owned, and sold faz at a lost...thinking about DIG though for short term (2 weeks). Sounds good? or am I just a knight catcher? :(

Anonymous said...

U still holding SDP, SRS and FAZ?

kevin said...

botd,

4 witching day selloff?

KP said...

I hope there is a selloff. I have shorted a lot.

Anonymous said...

MARKET IS COMING DOWN..

KP said...

Looks to me that we will go higher end of day rather than selloff

Anonymous said...

WFC HIT 32.11

BUY ON THE DIP said...

$35+

Anonymous said...

Are you buying more FAZ?

seizure said...

why get rid of FXP unless your on margin? Market's going to come down at some point. I'm still holding it at huge loss right now. i got it way to high.

Anonymous said...

BOTD SAID ADD MORE FAZ

WHEN WFC HITS 35.00

Anonymous said...

BOTD. GO TEAM !!

BUY ON THE DIP said...

"why get rid of FXP unless your on margin?"

FXP and EEV felt like an overlap of losses. cut one, held the other.


the world is fucked, not just china. 666.

Anonymous said...

BOTD DID HIT 35 WFC

Mattyrye said...

had to get a tatoo of eev on my ass, cramereque post its didnt quite cut it..but still buying and long eev and srs..SRS sub 80?? tell me this is not a double sitting there ..

Big Mike said...

im still with you on FAZ

dont worry about being down, you always come out on top

remember BOTD has the Alminac from back to the furture

Anonymous said...

BOTD


DID YOU SELL THOSE CALLS AT THE CLOSE

Anonymous said...

well i hope the market will be down hard tomorrow.

BUY ON THE DIP said...

Matty,

SRS "seems" like the deal of the year down here.

78.34
-17.58 (-18.33%)

but our most recent buy was at 95ish ... so what do we know.

p.s. still holding leftover AAPL & GS calls.

Anonymous said...

Did you buy at 55 or something?

Anonymous said...

BOTD. FAZ. SHOULD BE IN PLAY TOMORROW..

BUY ON THE DIP said...

yes. $55.

hence the FAZ logo "post-it note" on my forehead.

Anonymous said...

BOTD

HOW DO YOU FEEL ABOUT THE MARKET TODAY

BUY ON THE DIP said...

i feel like we called the "O" bottom!!!

we said the bears won and its over .... we knew this rally would rape the shorts .... we went long like a stud with FAS, BGU, ROM, DIG, etc.... the market jumped 1000 pts, we celebrated and took profits.

we fucked up!!!

added the AMIGOS way way way too soon. added FAZ early and wrong. Now we just sit and wait.

WFC $35+ , DOW 9200+ ...

Marc said...

I'll wait with you and FAZ

Big Mike said...

BOTD

what i like about you is that you call what you call and you stick to it.. thats says alot about your character

i went in with you 70% short im down a big number but im still with you

i can't do options. should with the rest of the cash that i have should we get into FAS? and wait for it to go up and once the market hits those levels. to get short again?

BUY ON THE DIP said...

BIG MIKE, ... being 70% short, without calls or some long hedge is dangerous. looks like the market can sell off tomorrow .... maybe lighten up on the shorts or as you mentioned buy FAS or UYG to offset short term losses.

p.s. we keep saying 9200+
.... but our "oh shit" target is 9600 on the DOW. and we are holding cash accordingly.

DOW TARGET 5000-6000 in 2009.

Big Mike said...

BOTD

Thanks for the advise i appricate it

i'll get some of those to cover my losses and wait for a dip tomarrow on them and get in. im just all short and cash

but im with you on the FAZ :)

BUY ON THE DIP said...

on 2nd thought, ... fuck banks.

do nothing.

Big Mike said...

what do you mean? dont get banks?

Big Mike said...

i mean stock banks to go up?

jbreedlove said...

Futures dropping for tomorrow, there's got to be a sell-off. Unfortunately, it won't be the 1000 point sell-off that we'd all like.

Anonymous said...

MAYBE THE SELL OFF WILL SCARE PEOPLE TO GET SHORT AGAIN .