Big old jetairliner... don't get carried too far away: BOEING's 787 Debacle

Been a while... I'll cut to the chase first: BOEING September 45 Puts.... go get 'em boys...
Blogs are like diarys/journals that map your relative madness...
Heard a 'radio advertisement' today... and it said,"If you pass up a deal like this, you'll make a man who talks to lamposts look sane". So it goes. Relativity is the ultimate excuse. Probability corrects this.

Stimulus Citigroup June 12.5 Calls 2009 Godspeed...

No need to elaborate. When IV is this fucking low, you got yourself a deal.

PMLI Philip Morris Dec 45 calls, well priced via IV..

anyways... there was so much shit on message boards these days... somehow, on a paid prescription board(I don't pay but have the passwords), the conversation started with Barclays' Bank and for whatever reason Diageo stock.... The last time I checked the site, this was the sequence of messages:

Todd at 8:59pm November 15
Can you burn wood in a microwave?

Joshua at 9:07pm November 15
hahaha... Red Lobster has a team of scientists on top of it.

Ax at 9:13pm November 15
You want Lobster? I'm talking Burger Kaannng'

Pieter at 9:16pm November 15
the price of lobster is down to like $4/lb domestically. Lobster men in the northeast are hurting badly. Many of them may lose their lobster boats. My point being that soon you may see lobster at Burger king. My hope is that they will have a lobster happy meal...

Ax at 9:24pm November 15
Yeah, but kids don't eat seafood... unless they were born with 'gills'.

Todd at 9:25pm November 15
Isn't Red Lobster a bit redundant anyway. I bet Green Lobster has been cooking over wood for years

Ax at 9:27pm November 15
You're right... It's like 'Rich Jew'. just kidding josh...

Josh at 9:28pm November 15
Kids in West Hartford CT where i come from eat Caviar... and yes i love green anything, Lime green is my favorite color.

LongGamma at 9:29pm November 15
Sweet! So who did you like better: 'Frog' or 'Toad'?

Josh at 9:29pm November 15
Ax you always have a free pass with jew jokes in my book... Sigh

Todd at 9:30pm November 15
And what's the deal with Bonefish Grill? Fish haters usually site bones as the deal-breaker

Josh at 9:31pm November 15
Toad's have a little bit more character than Frogs, but they are a little bit less green...

Pieter at 9:32pm November 15
Ken, Ken... I was refering to 'Frog and Toad' the children's books of yesteryears...

Krypton at 9:33pm November 15
that's a good point Mr. Seinfeld... The advertising guy who came up with that should lose his job and country club membership.

Josh at 9:34pm November 15
oh yea the frog and toad story of yesteryear. I can't remember the details of the story but i see no reason why the frog and toad shouldn't get along.

Pieter at 9:37pm November 15
they were pals....


Josh at 9:42pm November 15
That's good to hear. My sister has an exotic tree frog that can actually smile. Now that i think about it i guess i prefer frogs to toads. Frogs can smile, they are more colorful and not as lazy as toads.

AX at 9:44pm November 15
that was kinda the point of the book...

Josh at 9:45pm November 15
the book slandered toads? that's ill.

Quantgirl at 9:45pm November 15
it was totally 'ill' in that respect. Toad was dark, Frog was light... etc etc...

ChaosTHeory at 9:53pm November 15
There's a tricky delta on remaining GS Novie calls that you could severely get fucked over with...

The purple pods to the left will take off in one week: DEC 45 PM Calls

So buy them, and sell the January's. All things will come in line, before you know it. The Market shows that it is most pleased with you, when it immediately thrusts you into terrible trials...

Long Volatility in AIG is the optimum, long Oct/Dec calls is the risk...

I wanna pull my brainstem out. Do it!

Fundamental + Technicals = LEHMAN Awful

We all know now that the fundamentals of Lehman are quite horrific, and basically FUBARed. This coupled with Thursday's (July 3rd, 2008) straightforward massive downside Volume Spike into the close wiped out the majority of the three day gains and pushed LEH back down below $23. Clearly, this adds up to a TakeUnder, perhaps by Barclays well into the low teens, if not single digits. Barclays in 2007 had already obtained financing for a Takeover in Europe of ABN AMRO, but lost the bid to Fortis/Santander/RBS consortium. Which basically means, LEH is their best target, and the timing is perfect, as Fortis/Sant/RBS are now realizing that they paid far too much for ABN AMRO. Indeed, Barclay's was lucky enough to LOSE the BID on ABN, and can now purchase LEH at a very low price, as the timing is now optimal. And that's that, and we'll see it on Monday. Hope you enjoyed Independence Day, my fellow Americans.

LEHMAN BROTHER's Message Board in Wake of Subprime...

For Every Triumph, there lays two Tragedies… GS for LEH/BSC

REUTERS: Aborigines to Renege on Berryfruit capital funding to LEH

“…seen clicking their tongues and making popping noises while waving spears at young men in business attire…”

REUTERS: Pygmies seen throwing Shrunken Heads at Lehman building in Times Square.

REUTERS: Prepubescent Aborigine Circumsized Skin leftovers to fund LEH
with a touch of Worcestire, and rusted Silverspoons... LEH below $20 in the am

LEHMAN'S Cafeteria Dinner Menu: 6/19/2007 37 minutes ago

Bonjour, our white trash American-French 5th generation 'chefs' offer you the following exquisite dining experience in the Lehman Cafeteria tonight: 1)Poopaldrip soup 2)Kimchi-flavored poop 3)STD tainted HIV-falafel 4)Fried Shrunken Aborigine Heads 5)Ranch 22's excess inventory up the street 6)Level III 'Ass-ets' wrapped in Greek toilet paper 7)'Boners' petite -the Staff

Lehman Employees Addicted to KimchiFlavored Shrunken Heads by gardner [19-Jun-08 02:18 pm]

LEHMAN Cafeteria Menu 6/19/08: 19-Jun-08 01:58 pm
Employees and Guests, for today's lunch we will have the following exquisite entrees: 1)Classic Sh!tsandwich with Worcestire Sauce 2)Sh!tballs and Spaghetti 3)Hamburger without Bun 4)Kimchi Flavored Shrunken Heads Bon a Petit 8) The Staff

REUTERS: Pygmies File Class Action Suit against Lehman 19-Jun-08 12:09 pm
'...claiming breech of shrunken head and berryfruit fiduciary responsibilities resulting in the loss of three bamboo huts and the extinction of a rare flying toad with potent medicinal glands to cure depression and generalized anxiety disorder...' -Walter Crackite, Senior Reporter

Dick Fuld's new suit: Orange, jewerly: shackles by yainvestor2 [19-Jun-08 11:28 am]

19-Jun-08 09:59 am by i_take_this_shat_...
PULL IT BACK DOWN BOYS! MAKE FULD SQUEAL LIKE A LITTLE GIRL! by kornmegood [19-Jun-08 09:59 am]

19-Jun-08 08:40 am by vicxh
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_L/threadview?m=tm&bn=10602&tid=82057&mid=82057&tof=327&frt=2 by powerfultoad [19-Jun-08 08:35 am]

Yes, the only Bus that Lehman is getting now is the SHortbus by Shasds [1 minute
I've heard some are refusing to do bus. by nocountryforoldme... [5 minutes ago]

REUTERS: Lehman Down like Syndrome... 7 second(s) ago
"...Fuld seen taking a broomstick to Lehman Cafeteria's fire alarm while screaming 'Baby, Water Burn Baby..." –Walter Cronkite

Dude, Rainman had Autism, not Down Syndrome. But yeah, LEH is all about going down, down...
REUTERS: Ewoks to Renege BloodyPoopToad Funding to Lehman 1 minute ago

Dear Pastor, Please take my soul in peace... let me sleep now, sleep like a baby in the womb of God... Tomorrow, will be a down day(will open down), a brief struggle to get back above $25, will fail, and most of the long sheep will take their positions off before Lunchtime NYC time, as they always do, because they don't want to be carrying a bunch of Betty Crocker Stinkysh!tPies over the weekend. so it was said, so it was written, so it shall be done.

Here's a theory : The more you talk , the more it TANKS!!! what are you trying to prove you cheerleading piece of worthless scum ???? Stop posting BS and pure lies to suck in longs and coax existing longs to hold on. All Lehman might be able to accomplish is to delay the inevitable - either a take-under of 2-10 bux or ocmplete CH 11 BK. And all of this at the American taxpayer's expense Give it up you lying sack of dung. READ THESE ARTICLES YOU LYING SACK OF SHi.T! http://www.bloomberg.com/apps/news?pid=20601087&sid=aJUrsKxNdHbM&refer=homehttp://www.cnbc.com/id/25255893you and LEH deserve to toast in hell IF you're hindu i hope you get reborn as the neighbourhood female dog (@#$%) who gets regulalry violated up the rectum by local dogs. Without consent of course.

NEW YORK (Dow Jones)--A shareholder sued Lehman Brothers Holdings Inc. (LEH) and its top management Thursday over the investment bank's disclosures regarding its exposure to the

Lehman 'Late Night' Cafeteria Menu: 6/20/08 7 second(s) ago
Bonjour, due to the overwhelming response to our dinner item: Boner Petite, we our proud to announce that we will be adding R3 Capital grade Vaginal Bacterial Sauce within the Boner Petite. also, looking for a midnight snack? Lehman will be providing: 1)WHORES or DERVES Bon apetite 8) Chief Lehman Chef

Lehman Brothers Last Dance...

Another Dallas... another Dallas!

Load up on Puts.

Scapegoats of Societe Generale...

Consider that Societe Generale had just announced a 1.2billion loss from subprime(the day before they released the news of the 5billion loss from the trader) which based on the trader news instilled a 5.5billion 'emergency' injection' from shareholders. I smell a young scapegoat for a larger subprime problem that has been brewing at Societe Generale for several years now, using a nutjob young trader as a media diversion tactic to cover their losses in subprime caused by the non-rank and file executives. This kid didn't profit from any of his rogue trades, and the staggering loss was registered within less than a month? So that raises a red flag to me, saying there's much more to this then some wackjob kid. Yeah, that's my speculative take on the story.

Bottom line, start buying SocGen stock now, as more hostile takeover attempts begin.

Simcare Pharma SCR to present at UBS China Presentation Jan 21, 2008ce

Watch for a spike up in volume and potentially more analyst coverage on this unsung chinese pharma stock. Of course all eyes have been on LDK Solar, but if you want sustainable bowls of rice for you and your children, generation upon generation, take a look at SCR. Building solid support now around $13.00.

Shit, I haven't posted on this fucking blog in ages... come to think of it, I haven't punched somebody in the face in, wait a minute, in about a week.

in other news: silver continues to kick ass on the tails of gold... next move 'wheat and/or soybeans'...

DELL: Rise and Shine Asshole, You just got your ass reemed!

Anyways, be careful when trading off of 'top-line' figures when earnings come out. Example, DELL came in with higher revenue than estimates last night, and I leaped on it because I had an itchy trigger finger, saw alot of buying pressure, and my brain was tired from studying. Of course DELL ends up missing 'bottom-line' estimates by a penny. Shares drop 10% after hours, so I have no choice but to turn it into an 'investment' and not a short term 'trade'.

In trading, when you start to hope and pray, you're dead. So I'm setting aside my rosaries for the time being and putting my confidence on consumers in Russia, South America, and India to lead DELL into growth, and not so much the actual management. During the conference call, Michael Dell dares to make a stupid joke around 20:45, and the CFO around 52:00 basically lapses into 'senile dementia' and says 'we can't find a single project of ours that doesn't have a negative cash flow' (he meant to say positive, but he must've been drooling down his Alzheimer's lip waiting to retire).

Well, it's a rather long call but you might want to buy some DELL after the dump today: http://www.visualwebcaster.com/VWP/Player/advplayer.html?id=44187&uid=2107630&time=GEELFFHEEEJEGI&digest=G4jBPfrFQBdY6V5dlJLRNA

And I'm posting on this blog using a DELL computer... 339am in Belgium... It is a very good laptop though, Dell makes the best laptops ever...

Battlefield Etrade: Quagmires

In the circled areas on the picture, you can see one such exchanges 'market depth' for Etrade stock. Bids to buy on the left, Offers to sell on the right. With the top line as front line troops. Frequently, the large numbers are 'bluffs'. Sometimes they are real, and it puts a ceiling or floor on the current price action. It's very similar to a battlefield at a significant strategic area (the peak of Kashmir, the shores of Normandy... etc). If one side wins, if one side 'cuts the Gordian Knot'... they can become the Master of Asia...

...sometimes it's a battle of attrition between small bits of infantry... sometimes it's like dropping the feared atom bomb... Warren Buffett I believe dropped a small bomb today against the 'sellers' of Etrade stock... the initial impact large... and the 'radiation' keeps cutting through in latter days...

"By the Tigris River... he fought King Darius again..."

Silver Rises like the Phoenix... SLV (the ETF)

Gold has been on a tear like tearing one a new asshole, and Silver was the unsung, quiet one...

Now the tables turn, and Silver is showing the ring generalship:

SLV is the ETF, as the futures and physical is too much a pain in the ass to trade:

Silver is my lover, and Gold is my bitch...

Led Zeppelin To Offer Digital Downloads(Finally!) and other important world news...

"Led Zeppelin, one of the last remaining holdouts against digital music downloads, has announced plans to release Mothership, a new greatest-hits package. More significantly, all 24 tracks on the release will also be available for digital download, marking the first time that any Zeppelin has been made available legally online. In addition to digital downloads, multiple physicall options...." Finally, you'll be able to listen to Zeppelin in a bar, instead of Hotel fucking California and Freebird...

World Of Warcraft Player Claims A Bounty On His Head In And Out Of Video Game
Mexico City, Mexico-(MH)-Mexican World of Warcraft player Bronco Carson reported to local police on Saturday that 3 men broke into his home and beat his arms with clubs and smashed his computer. It was supposedly in retaliation for Carson stalking and repeatedly killing one of the attackers wife’s character during computer video game play. Carson admitted to police that he had been “making it hard for her to get far in the game.”

LOL. ROFL. LMAO tse tung...

NYMEX HERE: Goodbye Cycles... and Hello...

Oh what petty justice after being stood up by a lass...

After two quick shots of Jaegermeister in my dismay over being stood up, a drunken man of considerable height over me, decided to play the dangerous game with Lockheed, on W72nd and Broadway... Now realize: I am a Moral at War, and I protect whatever assets I have left, and proactively avoid any sign of extra debt, as I bounce to and fro, gracefully and in stability, readied in my learned boxer's stance. I ask the man, 'Are you ready?' As I draw my fists upwards, elbows tucked in close. 'Are you ready to learn how to trade?' By this I mean, 'trading punches'. I don't bother with a probing jab, because this man knows nothing of physical pain. I lead with a tight left hook upon his jaw, the ballerina pulsation of my legs contributes to the distribution of force. He drops promptly. I quickly depart around the corner of Gray's Papaya...

LOL: Al Qaeda Gets a FREE BEE... on 42nd...

warmongers, and their vicarious population... love this bullshit...

...Euro pops and drops, when they realize it's just Con Edison being negligent as always...

On his Plastic Crucifix...

So I'm closing up shop in NYC for at least a year. I still get a laugh out of Bear Stearns' subprime hedge funds which went belly up in June. Only because I can't imagine who the hell in that department got hired, and why? And who the morons who invested in it are? Leverage alone can be deadly, but leverage upon leverage to invest in people who are ridiculously leveraged(subprime mortgage borrowers, who are known to pike off debt)... It's like giving my homeless friend Charles $10.00 that I borrowed from a loan shark, and hope by next week he'll turn it into say, $15.00, by buying a 2 string guitar and learning how to play Cat Stevens and Harry Chapin to passerbys on the corner of Gray's Papaya. (Now, 'Tyrone', who I 'invested in' in the years 2001-2003, on the other hand, actually did finally purchase a bass guitar and actually does reasonably well for himself playing renditions of Marvin Gaye and Earth Wind and Fire.)

Funny quote:
"They are a big investment house. They are supposed to be professional,” said one fund of funds executive. “There is nothing to do now except maybe go shoot the guy who did it.” I'd correct that in saying, 'shoot the 'kids' who did it, because I bet they were wet behind the ears, and have no clue how to cut losses, because they can't stand the pain, because they haven't been there yet. Pikers.

Get Me Involved in that He Said/She Said crowd...

Best that you don't try it. Because I've cut the threads of someone else's fate short before. I don't play that vomitous game. Fellow Lockheed readers...

This is in reference to a numbers game.... the Ages are, 21, 22, 31, 58...

...single women... I chuckle... and at the same time... I will make things proper...

...similar to 'smoothing' out Cost of Goods (COGS) and using LIFO/FIFO inventory accounting appropriately to smooth turnover ratios...

Chewy, I know you like the light, but not for tonight....

Lock: I know it's a thin line, a fine thread, but the thread I think I have a good probability of following it to the next 'T'.
Chewy: but you blew out in trading today?
Lock: Chewseph, you are wiser than me, your species has been around since the beginning of amoebas... trust me...
Chewy: fine, no sunlight for me today, but for you, I wish you the best... a nice yellow brick road, Lock.

Friday RagexTen

SKYPE CHAT:

(3:13.56PM)Lock: are the listed traders having problems with SDOT?
(3:14.23PM)DomCap: no, but the HON specialist contacted us at lunch, and said for you to get what you want done, because you're fucking with his order flow.
(3:16.54PM)Lock: Fuck that. I'm giving him good outs with my stops, and if he's too pussy to hit them, then that's not my fault, what is he a new?
(3:17.05PM)DomCap: I think he is for Friday.
(3:17.43PM)Lock: I can't seem to place bids/asks through SDOT, and can only place market orders with it. it has already clusterfucked' me today. with RTN and HON, not much gets done on Arca.
(3:18.23PM)DomCap: then cut your size in half, there's only 45 min left
(3:18.42PM)Lock: absolutely retarded, I'm going to take the 3 train down to the NYSE and slap the guy in the face. SLAP!
(3:19.13PM)Mariobros: Lock, I'll come along with you, ruffriders roll...

Endgame... For the most part, it's mostly my fault...

With that said... I visited NYU, Columbia, etc, the top business schools in the world... and I saw so many black, asian, white people with superior credentials attending... and I knew then, and actually chuckled to myself... I told myself, 'Now you know, son.' Because I've always been my own father and child to myself. The comeuppance is when even when you are using the 'manic' phase of bipolar to your advantage(studying my ass off and networking like crazy), you realize, you're totally expendable. There are so many asians that are just as good and better. Maybe I'm just like my father, two fold...

Well, I've suffered from the occasionaly bouts of 'hypoxia' while sleeping this past month or two, waking up completely dissociative and in panic, so my CNS is not in the best shape, but if I continue, I'm sure I passed my CFAI, and can take CFAII in July 2008... but first things first, GMATS on July 9th. I'm sure I'll get an 800. It's a cakewalk, and I'm a master at probabilities on the multiple choice sections...

Aside from this, I NEED TO BE ALONE... Chained to my fate... Big fucking deal... You think I fucking care at this point? These things happen exponentially when it approaches the end of the chapter... a simple literary technique....

Funny email I got: Dear lockheedmarketmaker, We appreciate your financial support of GunBroker.com! This email is asummary of your prior calendar month's account activity. For full details you must view your statement available online as per the instructions below. They owe me: $1.00

Somedays, You Just Can't Be a Contrarian...

Short [HON] 7000 shrs and large green circle.... covered at the little green circle... as you can see there was more to it, but at least I locked in my rent for the month of July... It's difficult to balance post CFA studying for the GMATs while trading a supremely volatile equity/bond market during the day, when every penny counts these days for me... If I had a prescription for Ritalin or Adderol, it would be much clearer to me. 'Does it make you wanna scream? Have you ever liked a bad dream?'
SKYPE CHAT:
[3:16:21 PM] domcapital says: darnell and kman chopped up that aapl today. see you are on the call
[3:22:29 PM] Lock says: Day like today, it's cleaner to trade lower volatility stocks[3:22:41 PM] Lock says: better sharpe ratio. LOL.
[3:23:03 PM] mariobros says: Fuck that sharpe shit, i wouldn't touch AAPL with a ten foot pole on a day like today, the shit be AIDs ridden.
[3:23:10]Lock says: Ha. The whole market is HIV positive... (full blown HIVS)
[3:23:54 PM] domcapital says: mr darnell might not agree- he is up 10k, but aapl is a very hard stock, not one to trade unless it is in play
[3:24:13 PM] Lock says: 10k gross, but tickets must be a killer
[3:25:00 PM] domcapital says: gross, you dont mind the txs at that gross
[3:25:12 PM] Lock says: true[3:32:03 PM] Lock says: No cute picture of your face for me, darling?
[3:34:29 PM] domcapital says: you can always check the website
[3:35:57 PM] Lock says: yeah, I heard that website gets more hits from chicks than traders...[3:37:27 PM] domcapital says: we are gonna be on tv soon: wall street warriors on a hd channel should be fun
[3:38:12 PM] Lock says: if you're being serious, email me the details of what channel, date, etc...
[3:38:36 PM] domcapital says: next jan. we are shooting now till sept
[3:41:54 PM] Lock says: possible last wave of sellers
[3:41:59 PM] Lock says: pukers really
[3:47:29 PM] Lock says: Hold me to this statement: the levee's gonna break on close... 'and then we're going down...going down now...'

I've Always Been a Six Gun Lover... since I was 1....Fucking Precocious and Obnoxious as all Shit...

Lord, I never drew first...

But I drew first blood...

I'm no one's son...

Call me young gun....

You ask about my consience...

And I offer you my soul....

You ask if I'll grow to be a wise man...

Well I ask if I'll grow old...

I'm going down, down, in a Blaze of Glory...

Take me now, but know the truth...

Sacrosanct

....something different... all the girls seem to like you... cause your handsome, like to talk and a whole lot of fun.... I'll get her jacked up on some cheap cocaine...

What A Field Day for the Heat...

My sleep schedule is ultrafucked now. Thanatos won't come for me. I would be presumptuous if I said he was making an effort to stay away from me. But Thanatos doesn't bother with the mediocre. Somehow, I lost 40 bucks. I went to the atm and must've forgot to put the money in my wallet, because there's no way I got mugged or pickpocketed, unless there was somebody with mad skills... I mean, seriously, I even deducted with a pen and paper the 40 bucks from my checking account, and it just straight vanished. I'm completely boggled by it.

'And now you know'... is what I penultimately told myself today. I won't and I can't elaborate on the awfulness of my day/night/dusk/dawn, because it would render me a corpse.

Final Message from the Imperium...

Tonight I witnessed the epitome, no, the embodiment of collective and individual forlorness... as sad as it is, it is also eternal in its own right...

Outsiders would think I really had a daughter...

Verbatim conversation a few minutes ago...

Lock: I said, if it rains tomorrow, then yes, you can proctor my practice exam. But if it doesn't, then on Sunday morning you can proctor it. But not---

Hay: With one hour break between three hour sessions, and you can't be late, no more than a minute, or---

Lock: Hay! Enough! And I'm not sure if could study anymore tonight. I'm feeling way too fucking miserable.

Hay: (shocked silence) okai, okai... I'm gonna, umm, if it doesn't.... rain tomorrow... gonna go chalk drawing on the Hudson with Rebecca... stupid dad...

As a smile quickly runs away from his face...

I'm sure I could be a hedge fund star... if I could get out of this place... oooh laaaa ti di dahhh ti di dahhhh...

I've Had My Fill... My Share of Losing...And Now...as Tears Subside...

I find it all..... NOT amusing... To think, that I did all that.... and may I say... not in a shy way... I should've been asyphixiated by my own umbilical cord on May 15th, 1977 c.e.

Weeeee May Never Pass This Way Again...

Chances are this is my last summer in Nyc for a while, unless I catch an outlier so extreme it will re-write the bell curve. So I promised to let the kids stay up late on the weekends, and chaperone them around town at night when I had the time... 'silent buzzing' of neon signs on less crowded cross-streets, dimly lit awnings... in the hot summers, I like to stand in front of these isolated signs, in a pseudo-trance, usually the Soup On light at Hot & Crustys (which is being renovated). Anyways, took Curious and Hay to the still 'somewhat' new water fountain at Columbus Circle around 10:30pm, and Curious splashed Hayfield, and Hay lost her 'mature tween' front and they both engaged into an all out splashface battle, until I stopped them and explained that it will just start encouraging all the other kids to do it, and then they'll put up signs saying 'No Splashing'. And then Hay said, 'but what if they put up a neon sign?'

So I'm back....

Well, I've totally given up. I'm telling people nowadays, that I got a great job as the VP of Marketing for JPMorgan Chase. I'm actually that guy you see dressed up as the big blue dog that hands out pamphlets in front of Chase banks and atms. It's actually a good job, because although the dog suit is kinda hot, (and I could imagine what it's gonna be like in the summer), the kids like to laugh at me all the time, and they let me pat them on the head, and seem to like me, and because the costume covers my whole body, big blue paw mitts and all, you can't see a single tattoo!

I also applied to this exotic options position a while ago. And then I was checking my email, I got really excited when I saw what I thought was an employer response with 'exotic options position' in the title, and then I realized, I was checking my 'SENT' mail!

HA! FUCKING KILL ME NOW.

The Theory of Relativity has been so Fucking Obvious...

Fucking Austropelithicus was aware of it. Thus, I conclude, that I will no longer contribute to the human experience... (but is the theory of relativity just the Penultimate Excuse for failure in life?).... I'm fucked. For those in the know, I am 'Value at Risk'. Some drop English, but I'm dropping Science.

My Buddy... You are the straight and narrow path, and I am the wayfarer...

Didn't do so well on the second half of practice exam this time around. A little disturbed by this. Anyways, it's a pleasant day out, a big sports day, with the Kentucky Derby and the biggest boxing bout in quite some time. I can only imagine how nervous the key participants are in all of these sporting events. Well, I can relate in my own relative way. Meh. Update: something about the total lackluster action/emotion in the De la Hoya/Mayweather fight pretty much sums up my linear time...

But I'm Gonna Drop it at a Higher Level... militant mind... hardline, hardline, after hardline...

ADP says 68K new nonfarm payrolls.... I'm ready to short any high flyers these past two weeks. Sparingly with HON, but heavy on NOC and RTN...

you feel life has become a catastrophe...oh it has to be, for you to grow...boy

...as previously mentioned... two things: Honeywell did finally dump. I said it was overextended. And it finally dented in when UBS came out with the downgrade at 211pm est today. now, the second thing; Krasilec. When it begins for you, it doesn't end, until you survive and excel, or you die... Learn about the 'Lament Configuration', if you are interested in the topic of Kralizec(Krasilec).

Liverpool V. Chelsea Soccer? Fuck you...

i'd rather fucking watch American Idol for fucksake.

I Still Sing a Razor Line...

...krasilec(kralizec)... well, it doesn't let you go... there is no reprieve. So now what? You have a binary choice. You survive it and excel magnificently, or it kills you, and ashes to peaceful ashes... I'm fine with both outcomes. A win, win situation...

Your Everlasting Sun and you see it fading fast, so you grab a piece of something you think is gonna last....

Are you reeling in the years...? ...stone away the time... you've been telling me I was a genius since I was seventeen, and after all the time I've known you, I still don't know what you mean... the weekends at the college didn't turn out how I planned, the things you pass for knowledge, I still don't understand...

I was born in Locust land... but that was many lives ago... why is it happening again now?

Genetic blends, with uncertain ends... No my mind is not for rent...

There's definitely alot of quantitative programs that I am tabulating with my human mind, to figure out the first order algorithm on the following 'defense' pair trading equities: HON, NOC, RTN, LMT, LLL, GD... Hopefully, the program will continue through next week into early May, by then I will be able to crack it, and ride with it, or destroy it, depending which choice will yield the best return for me. I picture a 'flowmetal' skinned robot plugged into all the feeds and making split millisecond bids and offers, similar to Erasmus after the Butlerian Jihad against 'thinking' machines. I heard they are back. No my mind is not for rent...

I've Felt the Coldness of my Winter... I'd never though it would GO..... (it hasn't)

Made enough going long [HON] on the open today, and then more so on the retracement on Honeywell, to pay for 'three' whole months of my 'minimum payment' on my credit card debt! (sarcasm) Yah. I'm not excited. I don't feel like the little baby cousin who you picked on savagely, and then in a brief respite, because of dinner, she thinks the torment is over... No. I'm fucked. Just like t-crit for r= r(sqrt of n-2/1-rsqrd).

And I traded 500-1000 shares at a time on the long side only. Look at the intraday chart on HON, and do the math. Therefore, I conclude that I KNOW I have 'insider' info on the impending collapse of 'Capital One'. If you know what I mean. They're idiots in the credit lending game, just as the subprime idiot were with mortgages. Ain't gonna be no bailout. No bailouts. I eat what I kill, and what kills me, starves me to death... Fine.Fair is fair. I hold NO Quarter.

Upgraded the Blue Monster Rain Repellant Air Conditioner Patent 115813

Just some spring cleaning. For about 5 years, I lost alot of towels, and shirts, on top of the air conditioner, in an attempt to stop the .45 caliber bullet sounding 'raindrops' that pelt the tin case of the A/C, driving me crazy. Just some spring cleaning, spring cleaning, clean out my fucking brain...

Short Run, Long Run... Aggregate Demand/Suppy...

When it comes down to it, Calvin, the bottom line, is it worth it? And in regards to the long run, was it worth it?

I'm Pretty Sure this is what my Lungs look like these days...

Had this ash tray for about 6 years or so... One more week of earnings season, and I have to step it up. Bigtime. Got another interview Monday with a hedge fund. I am not counting on it, nor the prior interview last week. So I gotta go big into next week's earnings. All NYSE equities. Had a debauchery week, that I have to cut out soon, because it resembled a Personal Krasilec too much... drinking too much scotch and socializing with perhaps the wrong people. I walk away to the jukebox, after talking to this 6 foot 5 Irish-American 'made-man' , and he asks another local that I know, 'So tell me about this kid? Is he a good kid?' Local says, 'Aww, he's a great kid, great guy...' Tells the other local about an altercation the local had, and says, 'I'll look into it'. On the conservative side, I'd say he's 'muscle', and not 'hit', says he can get me an interview with all the senior executives at all the big banks, gives me his number. I doubt it's no strings attached, so I will just chalk it up as another funny story. I'm think I'm so-phisticated because I'm living my life like a good homo sapien. But I'm no better than the animals sitting in the cages in the zoo, mon...
...she pulls her dinner, from her pooockket...

Almost Done Final CFA Book...

Krasilec will be upon me... will finish the final book at the library later today(Saturday afternoon). Will then begin the practice test sessions and solidfy knowledge by May 15th, 2007. It will be a triumphant feeling, and sustainable, at a mature pace of 5% for the next three years, then a perpetual 8%... Show me the power child, I'd like to say, that I'm down on my knees today... ...till I'm up on my feet again... Hare krishna, hare krishna... hare rama, hare rama... rama rama... hare hare..

It's Easier Not to be Wise...

I sank into Eden within...
I'll read to you here, save your eyes...
...you'll need them, your boat is at sea...
...my anchor is up, I've been swept away...

If the Dow goes for another all time 'record' day in about 8.5 hours from now... I'm long MER(merrill), long TIF(Tiffany), and hell, I'll even be long the Housing Sector, a nice little basket of treats, like Easter, and the Long Hollow Bunny Ear chocolates...

Krazilec

F. SCOTT, you might very well beat me in the longevity game...

Stashoo,Congrats on the publication. I've yet to crack the code of Fitzgerald 'tragic success'. But I might finish his, 'Last Tycoon'....In fact, I took out a loan for 30K, in order to confine myself to my room for 1 month, the month of May, in order to finish his novel, and then send it to Harper Collins...

There is No Pain...I am Receding...

Hayheehoo decided to join the Summer Glee Club at Claremont Academy. They sang one of those inappropriate songs that oddball hippie middleaged 'public school' music teachers would have kids sing, some typical Carly Simon shit:

...Baby sneezes, Mommy pleases, Daddy breezes in.... so good on paper... so bewildering...
...it's coming around again...
...the itsby bitsy spider... climbed up the water spout... Down comes the rain... and wash the spider out... Out comes the sun, and dried up all the rain...and the itsy bitsy spider climbed up the spout again..........
....coming around again....

You're Time is Gonna Come.. Another Routine Krasilec...

The Golden Age, the Bronze Age, etc.... the Industrial Age, the Informational(internet) Age, ecetera, ecetera fuck.... TEXT messaging is perhaps, the closest yet the human civilization has gotten to all knowing... far from it still... but much more due to TEXT messaging, are we closer. I say we, because, currently I am a human.... Example being, I sent a three part string of text messages to aquaintances, after speaking to some guy who runs the Vanderbilit's family office in Rockefeller Center... some bullshit about college savings, LTC(long term care) whatever.... anyways, it ends with an old friend texting me with this message: I'll call you tomorrow, enjoy your enlarged ass fillings. I presume now, that he expected homo sexual urgings from my text, when I simply wrote: Not Quite.

Now, Krasilec, is basic sci-fiction-sci-faction term coined in the 80's in regards to pop culture about the apocalypse... but for those readers of this blog, you should now know that EVERYBODY has their own PERSONAL Krasilec, Holocaust, (because it's all relative to a tee)etc.... and it need not be 'flamboyant'.... just like you should all know now that the ONE TAIL z-scores of 90,95,99 are 1.28, 1.645, 2.33 respectively. enough said... heard it's going to be warm this weekend, something called 'one week of spring' before 100+ temp farenheit, where I hide all my ink with longsleeve linen...

Genetic Blends...with Uncertain Ends...

So it's been over ten weeks now with no fucking unemployment insurance... Taxes were all screwed up. I'm burning my candle at both ends until June 2nd, running up a sizeable nasty debt that will make this Subprime shit look like Peter fucking Pan dancing around in the night sky like a faggot.

Grinding up some gains trading shit like MER and MO and TIF but so far that'll only cover the interest. I'll have to keep it up for about 253 years to just break into the principal. Gonna have to put the kids up for adoption in two months...

So many people have come and gone... their faces fade as the years go by...

Yet I still recall as I wander on... as clear as the sun in the summer skyyyyy.....

I see my Marianne walking away...

But Stand Close By Bettie Davis... Because Her's Was Such a Lonely Ride...

...And those who are successful, be always on your guard: Success walks hand in hand with failure... along wall street...

I wish my life was a nonstop Hollywood movie-show.... because Celluloid heroes, never feel any pain...and Celluloid heroes never really die...

Something Went Wrong, I'm Not Sure What...

Now I'm just sitting at home alone... starting over from scratch... both these positions are against me. I'm contrarian and mean reversionist, so I'm short both KO and TIF going into a RECORD day for the DJIA. I see money coming off into the buying.... but what I see now, are idiotic retail mutual fund managers buying heavy into the close...

...my radars are in need of tweeking.

Days of the Expiration...

It's pouring giant cold April rain... I need to get a filter sponge for Chewy and gloves to clean out his amphibious home. Funny story.... took the 81st crosstown from the east side to the upperwest after playing boardgames with an old friend last night. Walking past 'Gari' on Columbus Ave, I saw Dustin Hoffman and some lady walk out, and he looked at me, and I paused, blew out some smoke from my cigarette, and said, 'Willy Loman'. He smiled with a grin, and I said, 'Good stuff.' He said, 'Thanks.' And then I walked back home and bought 4 Ramen noodle units. Well, anyways, I'm living on borrowed time... like willy loman, but I don't got a hose, or a cellar to hang myself in...

That's forever... We got Eighty Feet of of the Waterline... nicely making way...

and laughter the key to your heart... don't know what they are putting up here on the corner of Broadway and 72nd... Sunday in the afternoon, what do you've go to lose... I'm going to fly away... what have I got to lose... Will you come see me... Thursdays and Saturdays... Chestnut brown canary, ruby throated sparrow... ring around the moonlight... usd/jpy range 117-118, seems endless after the ruckus of early march...

And if I Make It to the waterside...I'll be sure to write you a note...

It's hard to get by, just upon a smile... Dollar tumbled overnight. Course I withdrew 90% of my account value last week. So I got a mini-lot on. Today I finished Financial Statement Analysis book finally... COGSlifo= COGSfifo + BINVfifo(Change lifoR/BINVlifo+BLifoR)... and I hope there is only one if not any questions on capitalizing leases or treating them as operating leases if you are a lessor/lessee and the impact on CFO, CFF and leverage ratios...you're only dancing on this earth for a short time... It's funny, I wrote a story once, prior to the millenium... and it is all coming true... if I could only find the manuscript... silver tears were shed or some shit like that... I am both writer, character, and audience... bizarro... had to be subconscious, but impossible coincidence...

I Close My Eyes....and I Slipped Away...

So I went to a Career Fair. Yeah. I didn't feel like loading up on pens and squeeze ball gadgets. But I did get a bag of Sun Chips from the Frito Lay booth. Stopped at Chuck Schwab, AIG, Lilly, Blackrock. No dice. Financial Advisor shit. I can't SELL. I have no BOOK. I'm a fucking trader. And then some wack company... I said I had a trading background, and they said, 'oh great, fill out this form, we do textile trading and....' Fuck. I talked to Eli Lilly, and they said, are you familiar with us? I said, 'I'm familiar with your drugs.' 'Like Zyprexa'. 'Tough Sell, because it doesn't FUCKING work!'

Anyways, it was down across from the NYMEX in the Embassy Suite Hotel. I saw some coffee trader I knew, and said, 'what up'. And then I treated myself to Taco Bell on Chambers. The overhead light collapsed on my head and shattered glass all over my clothing. The manager comes over and says, 'Sorry, sorry, are you okay? Can I get you a BandAid or something?' I just said in a daze, 'meh...' with beef caught under my partial dentures and sour cream caked within the seams of my lips.... 'Yeah, you can get me a fucking MRI!'

WHEEEEeeen the Dogs Do Find Me...

I just came back from the library to find out that Hay was hiding a fractured arm for almost a week! She knew that I was out of work and haven't had health insurance for almost a year now(hence I refrain from most sport activities these days, and my continual tooth decay is a time measure of such lack like a year long hourglass), so she just stopped going outside to play with her friends in Central Park, until her arm hurt less. Luckily kids heal quicker. I noticed too that Curious and her weren't rough-housing at all since Tuesday. Apparently she collided with the net pole while playing a pick up volleyball game(or so she says). So I guess it's back to the Chess hut for her for a few weeks, and not the volleyball courts near Sheep's Meadow this spring. And these are the eyes of disarray...

Spring is Here, And I'm Gonna Have my Own little SubPrime Meltdown...

...well, that's that... I have about 2 months left... almost end of March 2007, exam on June 2nd, lease up in about two months, Warcraft subscription done... I'm gonna take out a 30K loan, and trade independently... I've given up on ever getting a serious job ever again in my life. I've thrown in the towel. I just want to pass my CFA exam, and that will be my small victory. It probably won't open up many doors anyways, because I am damaged goods... I went wrong in youth and early 20's, and now I pay the moderate price of death. So I figure Capital One will have to write off 30K in bad debt, big woop, and then I walk off into the sunset. Will probably spend $1000 of the credit on a 1 week all inclusive vacation to somewhere like Tel Aviv again, and walk through the Arab quarters in Jerusalem with my Kippah on, and then kiss the Wailing Wall with my Turbine on, and then if I'm not blown up, shot to death, or some other sort of beyond description violent death, I will walk from Jaffa along the Tel Avivian coast, play some Kadima ball with an old man, then lay down in the sun, and the walk into the Mediterranean, and swim out until I just tire out, and drown... I'll pick a sunny day, or the closest thing to it I guess...

There's been days as of late, where I've ripped through a whole pack of smokes, which is disgusting on so many levels. I've noticed a slightly larger growth on the inside part of my thigh, which could be some sort of cancer. If only cigarettes would do what they advertised a lot quicker. Circumstance has been killing me these past 4 years, and I've given up on trying to change them for the time being, simply because my soul is in ruins. Hope to sleep.

FOF Analysts Roles
Contact: Hope Williams, The Westminster Grouphope@wgpeople.com
Salary: Range from $150K to $600K
The Westminster Group, a 12 year old recruiting firm, is seeking candidates for several HFOF analytical roles. These roles are based in NYC and the compensation ranges from $150K to $600K plus bonus.

Stat Arb Traders
Alpha Search Advisory Partners
NY, CT, IL, MN
Contact: alphasearch, Alpha Search Advisory Partnersteam@alphasearchadvisory.com
A number of firms, from expanding start-ups, well-established multi-strategies and IB prop desks seek established stat. arb. traders with intellectual property (system) in equities, fixed income, currencies and commodities.

US Markets Trader
Greenwich, CT Global Hedge Fund
Contact: Kyle J. Ramkissoon, IJC Partnerstel.: 212-626-6920kyle@ijcpartners.com
Global hedge fund client looking to add a US Markets Trader to their team. Job Description: The individual in the Trading role will take on multiple responsibilities, including trading, trading strategy development, and process improvement. The US Markets Trader will: •Execute trades in the North and South American markets •Trade a wide variety of instruments including, but not limited to: equities, convertible bonds, currencies, options, commodities, and interest rate swaps •Conduct trade analysis •Develop trading strategies •Improve the implementation process, including enhancing the electronic trading systems by working with the development team to define and test new features/capabilities Job Requirements: •1-5 years trading experience, preferably some electronic trading experience •Strong analytical skills •Prefer candidates with some C++ , JAVA or Perl experience •Basic SQL knowledge •A bachelors and/or masters degree in Mathematics, Engineering, Computer Science, Physics, Finance or a related field with a high GPA

Junior Futures Execution/Trader
MKP Capital Management, LLC
NYC Fixed Income
Contact: Office Manager , MKP Capital Management, LLCtel.: 2123037100resume@mkpcap.com
Established fixed income hedge fund with over $5B in assets seeks a candidate with 1-3 years of prior experience as an execution/trader for its CTA/global futures trading group.
The candidate will have active participation in all levels of execution for global futures and cash FX markets therefore experience dealing with Futures/FX markets is a plus. We value confidence and creativity in developing and improving our execution process.

Trader
NYC Hedge Fund
Contact: Jeff Lazarhftrader@hotmail.com
Salary: comensurate with experience
Hedge Fund in the Event-Driven space is seeking a trader. Investment style includes merger arbitrage and special situations equities.

Location
New York
Sector
Finance
Agency
Huxley Associates
Contact
Troy Nealtel.: 212-707-8220trading.usa@huxley.com
Salary
$800K+ (Total Package)
If you are looking to jump-start your career within a new environment and also be first in line for a senior role, then send me your resume immediately.

Junior Hedge Fund Analyst
New York, NY Fund of Funds
Contact: Daniel Glynndanielglynn@larchlane.com
Salary: Competitive
2100 Larch Lane is a fast growing, mid-sized alternative investment firm that manages fund of fund products and seeds early stage hedge fund managers. We are looking for a Hedge Fund Analyst to assist our investment team. Responsibilities of the position include: data gathering; assisting the investment team in performing extensive due diligence on hedge fund managers; meeting with and performing quantitative and qualitative analysis of managers to be summarized in formal write-ups; and supporting the senior investment professionals. An appropriate candidate should have 0-2 years total experience, ideally at a financial institution. Also, we require excellent qualitative and quantitative analytical skills; must be a hard working person willing to work under pressure within a team; strong written, oral, and interpersonal skills and attention to detail. An undergraduate degree from a top tier university is required.

New York, NY Investment Management-Alternatives
Contact: Claire Hua, Morgan Stanleyclaire.hua@morganstanley.com
Morgan Stanley Investment Management is a global provider of superior investment products and services to institutional clients across multiple asset classes.Morgan Stanley Investment Management offers clients a wide range of U.S. Equity and Fixed Income products, as well as a number of Global and Emerging Markets investments and Alternative Asset Classes.Working with the Portfolio Managers, this individual will support the investment efforts of the quantitative investment team evaluating stocks on a quantitative basis and monitoring investment portfolio characteristics and performance.

Junior Trader / Analyst
Quantitative Financial Strategies, Inc. (QFS)
Greenwich, CT
Contact: qfsfunds, Quantitative Financial Strategies, Inc. (QFS)tel.: 203-983-5600jobs@qfsfunds.comPlease send a resume and cover letter to jobs@qfsfunds.com. Reference Job ID 103
Salary: Competitive
This entry-level position (0-3 years experience) will share time between our Trading and Research Departments. The position is an excellent opportunity for an individual to gain exposure to a wide variety of financial products and global markets in an active trading room environment as well as exposure to sophisticated statistical analysis. The position offers the opportunity to explore both departments and potentially lead to an advanced position.

Quantitative Researcher/Strategist
Quantitative Financial Strategies, Inc. (QFS)
Greenwich, CT
Contact: qfsfunds, Quantitative Financial Strategies, Inc. (QFS)tel.: 203-983-5600jobs@qfsfunds.comPlease send resume and cover letter to jobs@qfsfunds.com. Reference Job ID 107
Salary: Competitive
This position in our Research Department represents an excellent opportunity for an individual to work in a small, productive and energetic R&D environment. A successful candidate will be able to contribute directly and significantly to the company’s bottom line.

Falling Threes, or Crowes, a Nonlinear Signal...

...I'll read to you hear, save your eyes... Double Dorking Out on Alzeroth, my Warcraft Guild here(read the chat by clicking on the picture)... The thing is, we were right about the DJIA out of the money puts after the little shakeout in early March. We get the volatility premium, and now the theta decay... and now an inflection point in the Yen... with cheap 'Into the Void' Black Sabbath playing in the background... I'm still stuck between a rock and a shit place. I need to be alone to survive. It must occur. And I was reading about robot vacuums which I wrote something about on another blog, and it was about last Christmas when I was going to buy a cheap inflatable robot on remote control treads, which stood about 3.5 feet tall when inflated and was going to tell Hay and Curious to turn their collective backs, while I put two oreo cookies and a glass of milk on the inflatable tray that the robot had, and then drive it up to them and mimic in a robot voice: 'Greetings, cookies and Milk Earthlinks?' But I never got the robot, and for the most part, currently, robots would probably be from Earth and not outerspace, so they wouldn't say 'earthling', in fact the robot was from Robot Village, a small store up on Broadway past Fairways, and I went in, and the guy asked if I was a robot builder. And it would've been one of those things that I get, and use once or twice and then it collects dust and takes up too much space, and as I write this, dollar/yen is continually getting snubbed at 117.75-76, and hopefully, this time people will give up and let it drop again, as it's the 7th time today it has failed to break, and it's NOT a good carry trade level, when you should technically have a clean path down to 114 handle, and now it's starting to slightly break... now it's deflected back down, if it breaks, I am financially dead again.

You Gotta Know When to Hold 'em, Know When to Fold 'em...

Unwinding of the Unwinding? Fuck you. Every hands a winner, every hands a loser. You know that. Click on this picture and read the Guild talk from Warcraft.... yeah, a loser with the cocaine nosejob...

Thank You Very Much, Mr. Roboto, For Doing the Jobs, Nobody Wants To...

...nebulous... zero visibility... on a random note, I didn't know that the Talking Heads were from Rhode Island; they were RISD grads... figures...

Tokyo Opens in 1 minute, and the yen is deadly...

If you find yourself not playing Warcraft or ping pong on a Sunday night in the United States, in order to trade the Yen on a '1-minute' chart, volatility must be blasting out of 3 standard deviations. In less than 2 hours, the yen has strengthened almost 100 pips as people finally understand how a carry trade goes ugly. 'One day' of Yen appreciation has wiped out '6 months' of carry trade gains. On another note, I think Tiffany stock (TIF) warrants another look after the 5.5% disclosure by Trian Fund, which I would assume will be buying more this week after last week's -500 DJIA dip, perhaps the one diamond in the ruff in the contrarian's strategy. Did I mention that I'm a total dork?

If I Smile, Tell Me Some Bad News, Before I Laugh and Act Like a Fool...

Going to see the real 'Who' at Madison Square Garden last year was one thing... but going to see the Who 'Tribute' Band for the 'second' time at BB Kings borders on 'pathological'. Nevertheless, I came, I saw, and they kicked ass. Haha. Writing about the Who tribute band on a dorky blog at 231am is indeed psychopathology. Anyways, I brought the kids to the Central Park Zoo today, but we didn't actually go in, although from the walkway you could still get a good look at the seals in the seal pool... we also visited the gift shop and the lady there walked up to a customer and asked him, "Are there any more questions we can't answer for you?"

Tenth Avenue Freezeout....

Nexus is crucial, there are only to possiblilities. Success or Failure based upon classic Bernoulli Principle. This photo shows a NEXUS. FORECLOSURE OF A DREAM... as SUBPRIME MORTGAGES.... COLLAPSE......

Read the Red Box Dialogue... and you'll know what it's all about...

...trying hard to recreate what had yet to be created... what a Fool Believes, to be Real... No Wise Man has the Power, to reason away...

Bank of Japan ups 25bps... Strong US CPI negates and then some...

too bad I wired out practically all my funds. Caught 120 pips overnight after my analysis worked too well, because it was on such small size... yeah... and that's about it... not feeling too good as I type this... a little brain burned...

Tired Eyes on the Sunrise, Waiting for the Eastern Glow...

...I ended up hiding behind a bush, and snipering this Dranean chick with a lethal shot from my BK7000 blunderbuss(rifle), after her show(10 silver per show)... and now my weekend journeys in Alzeroth will soon be shortlived, as I lay claim on a possible career again... luckily I've built good enough credit during the employment years that I can still get loans at decent rates even though I'm dead broke, with a negative net worth. Just read an article on some collapsing mortage lenders in the subprime market, and trying to figure out how bad and which companies fucked up by selling mortgages to some seriously spotty credit histories, and then I'm going to get a loan from 'them', and then short their stock(if they happen to be public, which I know few are).