Chitty came out of the closet. Actually, it’s more like this: Chitty is a $127 billion company that mentioned they are going to have a garage sale, selling as much as $400 billion in assets. The assets are old though. Really, really old. So Chitty is going to have a meeting today and talk about something, but until that time Chitty has been a little negative pre-market trading. Will it continue? It should, and I’ll tell you why.

I’m still around. I really don’t have much in the way of the stock market to say, so I just haven’t posted. My account value went down yesterday and if it went up today, I didn’t pay close enough attention to it. I’m not pulling a Lindsey, I haven’t abondoned my failured trading or this blog, just nothing much to say. You know how I feel, because you’ve felt something like it too.

Nothing else to write right now.
Unreal. Stupid. F’ me.

I haven’t really voiced any opinions here, mostly because I thought of this site as a stock market type site where market and business news and trades would be published, but since I’m feeling pretty strongly about the insanity I’m seeing, and I have to vent, this is going to be where I will do it for now. Here we go.. stupdity irritates me

Here’s what I’m thinking, just correct me if I’m wrong here… The news about C (Citigroup) close to selling $12 billion in loans at a loss isn’t going to push the stock to all-time highs. According to a Bloomberg article, C has the thinnest safety cushion against losses in seven years. C isn’t planning on selling bad loans, they are going to be selling potentially profitable loans. Let’s see if the market reacts accordingly.

Have you heard the word? C (Chittygroup) might be having some problems in the near future. This isn’t about an April Fool’s joke, this is a joke on people that are betting that C is financially stable and not having to worry about the financial crisis that is impacting the entire United States in at least one way. Here are the links and pictures you should see.

Time for the big play. This isn’t the smartest play, but it could yield some sort of exciting results. I took a majority of the cash in my account and bought puts against C. I’m not just crazy here, I really believe that Citigroup is destined to drop below $20 within 7 days. You heard it here! This isn’t an April Fools thing, it’s a Retard pick.

Yesterday I had unrealized profits and gains that changed my account’s value over 40% to the positive side. That’s pretty massive in a one day move. If I did that with any continuity it would be amazing. Soon, I wouldn’t have to throw a second Bar Mitzvah or disappear for a month (hiding from the mob?), or worse, hide from shame (have you stopped blogging?). Instead, I’m dealing with the today.. and today is painful.

I might have been a little hasty in mydecision to buy C puts. Might. Actually, looking at it go up nearly 4% right now, I might have been way wrong. I’m not giving up though, I’m just too stupid for that. Cover a loss? Who me?? If I couldn’t do that, I would have a lot more money. One day I’ll post about all the money I left on the table, it will make me ill, but it should be shown.

I’m not really expecting anything in the market today, but if I were to make a prediction it would be that the market will start lower and though it might move higher, it will end lower. There could be a lot of manipulation today, as many traders will not have a general sense of where the market will be headed. It should be going lower because nothing has been fixed for the major financial issues, only things have been postponed.