Usually on down days a few Mid Day Lost Money regulars go missing. I don't know if it's because they are ashamed or busy liquidating their positions. Either way it is usually low key with long faces and all of the positions that were pumped the prior day are off limits for discussion until we go up again.
Let's assume they are all there again. The TONY DOW is down around 250 points and the NASDAQ is getting spanked 50 points. I don't mention the S and Pee due to the fact most of the stocks pumped are tech stocks but let's say that index is down 25 handles.
Here we go. (Cue the Lost Money Music...The Godfather Theme)
Marrissa: Welcome to Lost Money with our panel of experts who will tell you what you need to do to protect your portfolio. Petey, what do you have going today?
Pete N. (Pony Tail One): As I have been saying for the last month, you need to buy "protection". If you look at the VIX explode higher, that means you have to look at buying some calls since they are so cheap now.
Marrissa: Dr. J, what about you?
John N. (Pony 2, Ming): You need to sell calls and put a Wounded Dog Put Buster Spread on protecting yourself on the downside. I bailed on my longs a while ago so I'm fine. It was clear to me we were headed down.
Marrissa: What about the Liquidator, Joe.
Joe T. (Eddie): Now is the time to protect your portfolio and stay with the "best in breed". Do your homework and buy Chiner as well as "good stocks of good companies" that pay a dividend like J&J and Clorox. You gotta be in these "names". Take them home with you. It's a great buying opportunity to pick up "names" in this "space" cheap.

Me: "Best in Breed"? Is this a dog show? I hate that crap. Quit humanizing the market. Pieces of paper don't breed. MSFT, CSCO and INTC are all "best in breed" and due to the fact they have 8 billion share floats, their tires have been spinning in the mud since their last split ten years ago.
Marrissa: Thanks Joe. Karen, what are you doing in this market?
Karen F .( I Don't Know) Well.....I kind of am looking at some "names"...but.... I really may wait a while to see what happens so "I don't know".
Marrisa: Patty, how about you?
Patty E. (Token Chick): Been sitting on my hands for weeks. I'm waiting for the trillions of dollars of cash on the sidelines to come in before I buy anything. Not interested.
Marrissa: Today our special guest is David Tice. What do you think David?
David Tice: We are going to crash.
Marrissa: Thanks David. Petey, call the close.
Pete N. (Pony 1): As I have said all along, buy "protection". You can't have enough of it. Do your homework. Will you look at the VIX? Look at it I tell ya.
Marrissa: Dr. J?
Jon N. ( Pony2/Ming): Buy "protection". Add a few Groin Tear Straddles flipping the ones you have in the weekly options to the front month if they still have a bid. That should buy you a few more days.
Marrissa: The Liquidator? What are you doing?
Joe T.(Eddie):..............................


Marrissa: Is he gone? I guess we lost our connection. Karen, any trades for us?
Karen F. ( I Don't Know): Well..........I may take on a few positions if the selling get's a little overdone....but.......I don't know. I'm not doing anything. I may "nibble around the edges" but I just don't know.
Marrissa: Patty?
Patty E. (Token Chick): Do you see my hands Marrissa? No. I am sitting on them. I wouldn't buy this market with your money and have been out for weeks.
Marrissa: David? What about you?
David Tice: We are going to crash.
Cue the music (Theme from the movie Fargo kicks in)

Marrissa: Join us tonight on Late Lost with our special look at the 3 Trillion dollar tax payer funded pension bailout plan.
Let's assume they are all there again. The TONY DOW is down around 250 points and the NASDAQ is getting spanked 50 points. I don't mention the S and Pee due to the fact most of the stocks pumped are tech stocks but let's say that index is down 25 handles.
Here we go. (Cue the Lost Money Music...The Godfather Theme)
Marrissa: Welcome to Lost Money with our panel of experts who will tell you what you need to do to protect your portfolio. Petey, what do you have going today?
Pete N. (Pony Tail One): As I have been saying for the last month, you need to buy "protection". If you look at the VIX explode higher, that means you have to look at buying some calls since they are so cheap now.
Marrissa: Dr. J, what about you?
John N. (Pony 2, Ming): You need to sell calls and put a Wounded Dog Put Buster Spread on protecting yourself on the downside. I bailed on my longs a while ago so I'm fine. It was clear to me we were headed down.
Marrissa: What about the Liquidator, Joe.
Joe T. (Eddie): Now is the time to protect your portfolio and stay with the "best in breed". Do your homework and buy Chiner as well as "good stocks of good companies" that pay a dividend like J&J and Clorox. You gotta be in these "names". Take them home with you. It's a great buying opportunity to pick up "names" in this "space" cheap.
Me: "Best in Breed"? Is this a dog show? I hate that crap. Quit humanizing the market. Pieces of paper don't breed. MSFT, CSCO and INTC are all "best in breed" and due to the fact they have 8 billion share floats, their tires have been spinning in the mud since their last split ten years ago.
Marrissa: Thanks Joe. Karen, what are you doing in this market?
Karen F .( I Don't Know) Well.....I kind of am looking at some "names"...but.... I really may wait a while to see what happens so "I don't know".
Marrisa: Patty, how about you?
Patty E. (Token Chick): Been sitting on my hands for weeks. I'm waiting for the trillions of dollars of cash on the sidelines to come in before I buy anything. Not interested.
Marrissa: Today our special guest is David Tice. What do you think David?
David Tice: We are going to crash.
Marrissa: Thanks David. Petey, call the close.
Pete N. (Pony 1): As I have said all along, buy "protection". You can't have enough of it. Do your homework. Will you look at the VIX? Look at it I tell ya.
Marrissa: Dr. J?
Jon N. ( Pony2/Ming): Buy "protection". Add a few Groin Tear Straddles flipping the ones you have in the weekly options to the front month if they still have a bid. That should buy you a few more days.
Marrissa: The Liquidator? What are you doing?
Joe T.(Eddie):..............................
Marrissa: Is he gone? I guess we lost our connection. Karen, any trades for us?
Karen F. ( I Don't Know): Well..........I may take on a few positions if the selling get's a little overdone....but.......I don't know. I'm not doing anything. I may "nibble around the edges" but I just don't know.
Marrissa: Patty?
Patty E. (Token Chick): Do you see my hands Marrissa? No. I am sitting on them. I wouldn't buy this market with your money and have been out for weeks.
Marrissa: David? What about you?
David Tice: We are going to crash.
Cue the music (Theme from the movie Fargo kicks in)
Marrissa: Join us tonight on Late Lost with our special look at the 3 Trillion dollar tax payer funded pension bailout plan.
6 Comments On This Entry
Page 1 of 1
mrhanky
08 September 2010 - 01:06 PM
Epic!
I think I wet myself....
Hanky
I think I wet myself....
Hanky
End_the_bubbles
08 September 2010 - 01:18 PM
ROFLMAO! I was picturing the "Tice twitch" as I read that.......
He & Doug Noland have been MIA for 2 weeks now........
He & Doug Noland have been MIA for 2 weeks now........
Guest_cwd_*
08 September 2010 - 02:25 PM
That is going to be tough to top.
Guest
08 September 2010 - 05:27 PM
Nailed it.
Guest
08 September 2010 - 07:40 PM
how cum u dont mention me ?
i should get mention on a blog for the eggselent wirk i do on tv
its a tuf job an i try hard
urs truley,
joke ernan
i should get mention on a blog for the eggselent wirk i do on tv
its a tuf job an i try hard
urs truley,
joke ernan
Page 1 of 1
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