Disqus - Latest Comments for Blackmamba2

Re: Breadth Comparison Between the 2007 Peak and the Current Rally

Blackmamba2 — Tue, 23 Mar 2010 13:40:34 -0000

VIX was at the same exact level back then. Coincidence?

Re: Fractal? History often rhymes

Blackmamba2 — Fri, 08 May 2009 14:30:46 -0000

So what next from this guy who's been 'all in' short from 850? I think he bought so much vaseline from walgreens yesterday to give him confidence. Little did he realize that there was also a bull standing behind him in the counter to buy as much Viagra as possible.

http://twitter.com/dougkass

i am shorting recklessly now $$

the market has gotten too narrow, financials cant lead forever... expanding shorts $$

Re: Fractal? History often rhymes

Blackmamba2 — Fri, 08 May 2009 11:44:04 -0000

Seeing lot of bears talk about 'buying exhaustion' yesterday. hmmmmm..... dont they know exhaustion causes PAIN, DEAD MEAT for those positioned on the wrong side?

Re: Swinger's ES Update May 7 2009

Blackmamba2 — Thu, 07 May 2009 11:57:22 -0000

Bears, run to get some vaseline before Doug Kass empties the shelves in your local walgreens.... luvin' the action.

Re: Swinger's ES Update May 7 2009

Blackmamba2 — Thu, 07 May 2009 09:46:29 -0000

3 weeks ago
in Housing “Why There is More Pain to Come” on Lawrence's Market Blog

do you know what happens if there are two 10% up moves in RIFIN/XLF? FAZ trades at $3.5. XLF trades at 13.5.... lol. Even a dummy chartist can see a scenario XLF trading to 13.5$ will not violate its underlying bear trends.

Going to ring the register on my financial longs. As Livermore said 'the last leg isnt worth playing'.

Re: Futures just dumped

Blackmamba2 — Wed, 06 May 2009 22:16:40 -0000

I would put Kass in the 'worst' list. Cramer for one is perma-bull and sticks to his bull thesis rain or shine and publicly apologizes if he fked up. But Kass? NO accountability in his articles.

Peter Schiff, Roubini, Taleb are permabears and they will stick with their fundamental bearish thesis even if Dow goes above 10k+.

But Kass? Bearish from 10k (2005) to 12k (early 2008) and bullish from 12k. Horrible Horrible.

Re: Futures just dumped

Blackmamba2 — Wed, 06 May 2009 22:07:27 -0000

BTW, look at Doug's twitter postings here:
http://twitter.com/dougkass

See how many times he says "All in shorts" and "Pressing my shorts" over the last 1 week+

How the fk can one go "All in short" dozen times in 5 days and "Press the shorts"? Nonsense.

Re: Futures just dumped

Blackmamba2 — Wed, 06 May 2009 22:04:09 -0000

This is a bear market rally. He will be proved wrong, in short order.

Re: Futures just dumped

Blackmamba2 — Wed, 06 May 2009 11:55:42 -0000

The red shoots (thanks ass faced kudlow for those green shoots) are finally setting up in this market, which I wanted to see before I go in 'All short'.

XRT - down 2%
XLE - up 3%
Oil - up 4%.

Oil goes to 60-65. Sticking with long financials/oil hedged with XLK/XRT. Still everyone looking for a top in this rally. First it was 850, then 875, now magically 915. 925-940 is understandable, but anticipating 'Buy the rumor, double up on news' kind of reaction tomorrow.

Summary: I have been long, but now seeing some realistic catalyst in price action which can make the market $hit the bed a month from now.

Re: Futures just dumped

Blackmamba2 — Wed, 06 May 2009 11:13:19 -0000

He is a snake oil seller. I feel Cramer's track record is better than his (as he has been a permabull and suggests taking profits). Read this garbage of an article from early 2008 (from howard lindzon's blog):
http://www.thestreet.com/s/...

We all know he was uber-bearish all the way up from 2004.

Guess what, if you were short in 2004 and long in early 2008, you lost money WORSE than Cramer. Yes, he turned bullish right at the bottom, but what's the point - he was already bullish from early 2008, given the fact he is a 'fundamentals' guy. This a$$ saw fundamentals at bottom in early 2008 - any doubt he wouldnt have felt that way in March 2009? Now, he is trading - and he mentioned all in short at 850. At 910, all in short. Oh yeah, he will be 'All in Short' at 1000 as well. And when it goes down, he becomes a 'superhero' stockpicker. Guess, he micromanages his position?

See, the point is all these gurus (and that includes Peter Schiff) got their asses reamed in 2008. Look at their returns to calibrate them (and take ideas), not their useless never-ending, wrong 90% of time market calls.

Re: More Confused Than Ever

Blackmamba2 — Mon, 04 May 2009 17:10:52 -0000

True. I dont think those guys are paper trading, nor am I naive to think they are posting all their trades. I think ego is coming in their way of telling the truth - AMD made so many calls like gap down below this, topping here, shorting this etc on a daily basis, all the way from 700, that the moment he says 'i was wrong' the cheerleaders of XT will vanish and his ego will take a hit. Easier option would be to keep quiet, let the indices top out, show couple of charts with fancy trendlines and a statement like 'staying massively short from xxx" where xxx = current ES value minus 10.

Re: More Confused Than Ever

Blackmamba2 — Mon, 04 May 2009 16:37:40 -0000

If you see 40 pts upside from here, why not go long? Not calling you out, but curious abt the short bias.

Re: More Confused Than Ever

Blackmamba2 — Mon, 04 May 2009 16:33:17 -0000

AMD mentioned Sol's account from 6 figures to 8 figures during the crash. As AMD says, this drawdown is like a pimple in elephant's a$$?

Re: Results of the vote

Blackmamba2 — Mon, 04 May 2009 15:54:17 -0000

Bump from last week:

Still seeing this market wanting to go in to exhaustion mode on every single indicator I track. Take a strong break above 870 next week seriously, as it will bring lots of moolah from sidelines.

The trade I see is long Oil, financials hedged with short XLK (technology).

XLK has little upside from here. The 4 horsemen are limping. will add more short XLK, couple of percent point up.

Re: Deep Market Thoughts…There are NO Guru’s!

Blackmamba2 — Sat, 02 May 2009 14:12:16 -0000

Why go so far: in the first page he shows XLF having 3.4% wachovia. WB $hit its pants and croaked in october 2008.

Re: Deep Market Thoughts…There are NO Guru’s!

Blackmamba2 — Sat, 02 May 2009 14:08:17 -0000

Kass Katch: Buy the Financials. Yes, Buy

01/14/08 - 10:26 AM EST

From last page of the article:
http://images.thestreet.com...

He shows the relative performance of XLF vs SPX. see the date.

Re: Deep Market Thoughts…There are NO Guru’s!

Blackmamba2 — Sat, 02 May 2009 13:57:50 -0000

Doug's article was dated 01/2008. One would have lost their underpants if they bought and held. He needs a generation to get back those prices in XLF. IMHO, he was calling bear from 2004, then went bullish in early 2008. In short, he missed the bulk of the up move and the bulk of down move. He is yet another 'Snake oil seller' whose calls would have made people lose money like crazy, both on the way up and down.

Re: Swinger's ES Update April 28

Blackmamba2 — Wed, 29 Apr 2009 22:34:09 -0000

Guess you ought to send a memo to your bud (pun intended) ;)?

2 weeks ago
in Stress Test... on xTrends
it is impossible for SPX to test 900

Re: Swinger's ES Update April 28

Blackmamba2 — Wed, 29 Apr 2009 12:41:55 -0000

Dont worry folks, if ES goes to 890, you will suddenly see a post in Xtrends with a chart and a statement like "Staying massively short from 885". If ES goes to 820, 800, 300 after that, its an AWESOME trade. If ES goes to 950, rinse and repeat "Staying massively short from ES 940".

Re: Swinger's ES Update April 28

Blackmamba2 — Wed, 29 Apr 2009 10:40:36 -0000

Bears are now HOPING fed tanks the market. Fricking down 6.1% has sent the market up 2%. Has fed said ANYTHING supporting dollar ever? Watch EURUSD cross - that thing can get to 1.40 in short order. This will help oil to march to 60.

Re: Swinger's ES Update April 28

Blackmamba2 — Wed, 29 Apr 2009 10:35:19 -0000

Bump from last week:

4 days ago
in Odds and Ends on Lawrence's Market Blog
Bookmark this news item, for future reference:
http://www.reuters.com/arti......

On days like today, people get drunk just buy and ignore news such as this.

Still seeing this market wanting to go in to exhaustion mode on every single indicator I track. Take a strong break above 870 next week seriously, as it will bring lots of moolah from sidelines.

The trade I see is long Oil, financials hedged with short XLK (technology).

XLK has little upside from here. The 4 horsemen are limping. will add more short XLK, couple of percent point up.

Re: Graphical Take 2: Solutide Model

Blackmamba2 — Mon, 27 Apr 2009 12:32:59 -0000

I will be more than happy to unload on May 7th to Mr. Chris Carolan.

Re: Odds and Ends

Blackmamba2 — Fri, 24 Apr 2009 17:30:49 -0000

Bookmark this news item, for future reference:
http://www.reuters.com/arti...

On days like today, people get drunk just buy and ignore news such as this.

Still seeing this market wanting to go in to exhaustion mode on every single indicator I track. Take a strong break above 870 next week seriously, as it will bring lots of moolah from sidelines.

The trade I see is long Oil, financials hedged with short XLK (technology).

Re: Graphical: Solutide Model

Blackmamba2 — Fri, 24 Apr 2009 14:47:25 -0000

Reposting what I wrote a week ago:
"rape the bears with a furious run up", nice way of putting it. The bears are HOPING citi and GE crap overnight. GOOG already higher. Everybody talks about retail is super-bullish, but show me 1 blog who is saying we run straight above 900 without 40-50 pt break. EVERYBODY is looking for a top to this rally and this rally has already met/exceeded Run of the mill bear market rallies.

Too may people fighting the tape, may be we will soon have titles of 'Tape fighter' given out. Lots of people call themselves 'Day Trader' but are holding till their thesis play out. We have people saying 'this is a long term bear market', but doing day trades with bearish bias every single day. I know lot of people like Mr. Obama's 'Hope' strategy. But many have extended that to be their sole trading strategy. HOPE.

Enjoy the music. Mr. Obama completes 100 days next week and WE will make sure its confetti and fine wine everywhere.

Re: Dirty Business (SRS/VNO)

Blackmamba2 — Wed, 22 Apr 2009 17:55:03 -0000

The problem with folks like you is that you base your strategy on 'fed wont let this happen'. Where the fk was fed when SPX was at 1300? 1200? 1000? Oh yeah, when we indeed tank below 700, you wont be around.

To defend KS, he was pbly the only one I came across who was diving head first and buying below 700.