Tepper Sells His $110 Million Bank Of America Position.... What About His $300 Million Citi Stake?

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Mon, 08/08/2011 - 17:49 | 1539590 FoieGras
FoieGras's picture

Paulson is getting pole-axed. Wonder what ever happened to his "BAC is a $30 stock" call.

Mon, 08/08/2011 - 17:49 | 1539592 Spitzer
Spitzer's picture

The funny thing is,  QE 3  doesn't look like it will outrun gold. Bank stocks might bump but if they don't beat gold, they are net losers.

Mon, 08/08/2011 - 17:51 | 1539599 Id fight Gandhi
Id fight Gandhi's picture

He purposely leave his petty cash ATM slips laying around so everyone knows how great he is.

Mon, 08/08/2011 - 17:51 | 1539601 There is No Spoon
There is No Spoon's picture

who knows what he did in the last month, maybe he "bought the dip" in mid july

Mon, 08/08/2011 - 17:56 | 1539615 Reptil
Mon, 08/08/2011 - 18:00 | 1539624 gwar5
gwar5's picture

If you have $100 million in BAC then you gotta be asleep at the wheel.  

Mon, 08/08/2011 - 18:09 | 1539658 mynhair
mynhair's picture

Citty is a good investment, after all, the Goobermint (of morons) owns it.  Maybe it will merge with Fan/Fred?

Mon, 08/08/2011 - 18:12 | 1539667 SAME AS IT EVER WAS

For two whole years damn near every dip was bought like crackheads all fighting for the last bit of crack to ever be made. Oh, fuck yeah! Buy the fucking dip man! This market plunge is just one more item for the cocksuckers that be to check off thier list. On a side note, does anyone get a pop up asking to run a componet office 2010 after logging on to the site?

Mon, 08/08/2011 - 18:16 | 1539679 Caviar Emptor
Caviar Emptor's picture

Balls to the wall. And stuck there.

Mon, 08/08/2011 - 18:21 | 1539701 rocker
rocker's picture

I think he bent over and somebody snipped them off.

Mon, 08/08/2011 - 18:26 | 1539714 Caviar Emptor
Caviar Emptor's picture

Ouch! He shoulda bought an iron jock

Mon, 08/08/2011 - 19:43 | 1539974 Miss Expectations
Miss Expectations's picture

Balls Bitchez!

Mon, 08/08/2011 - 18:19 | 1539693 High Plains Drifter
High Plains Drifter's picture

what?  selling BOA?   what happened to his animal spirits..........



Mon, 08/08/2011 - 18:20 | 1539697 rocker
rocker's picture

Is it just me or does this guy still hold a unbelievable amount of BAC and WFC.

Mon, 08/08/2011 - 18:23 | 1539705 doggings
doggings's picture

I miss Methman, Johnny Bravo and all those numpties, theyre never around when it matters. 

and where's Leo? Leo you told me to BTFD on some fucking stocks the other day too? 

lunching with some old pal who once did really well on something or other I'd wager.

Mon, 08/08/2011 - 18:29 | 1539722 mynhair
mynhair's picture

FLSR held pretty good today, but so did NFLX. Who the fuk has NFLX, anyway? The Elf Lord?

Mon, 08/08/2011 - 18:42 | 1539764 EvlTheCat
EvlTheCat's picture

Probably "crafting" his latest piece of unenlightened bullshit in hopes some crack head will donate to him. Either that or waiting for his government assistance check so he can pretend the money came from a timely sell off.

Mon, 08/08/2011 - 18:56 | 1539817 Moe Howard
Moe Howard's picture

I swear I saw one of them picking up lumps of silver off the ground the other day.

Mon, 08/08/2011 - 18:25 | 1539708 Caviar Emptor
Caviar Emptor's picture

NYSE now in bear territory.

Russell 200 in bear territory

S&P only 25 points away

Mon, 08/08/2011 - 18:25 | 1539710 Highrev
Highrev's picture

Don't we have anything like this up for today?





Can you say Lopsided?

Mon, 08/08/2011 - 18:29 | 1539718 Pretorian
Pretorian's picture

Swiss, Japan  intervention in FX is old method of devaluing currency, FED has inovation called S&P and other problematic assets  just few days after other Central Banks intervention, since  0% interest rate didn't helped US last time in dollar debasment. Dont Fuk with FED they have some untested instruments to inflate out of shit situatuion.

Mon, 08/08/2011 - 18:29 | 1539725 sheeple2012
sheeple2012's picture

some really stellar picks there, Brunswick is my favorite... who needs a new $200K boat, $5K pool table, raise your hand...

isn't he the guy who said stocks can't ever go down because good news is good news and bad news is really good news? and promptly send the momos and algos into a buying frenzy?

what a d-bag....



Mon, 08/08/2011 - 18:33 | 1539735 sheeple2012
sheeple2012's picture




Mon, 08/08/2011 - 18:36 | 1539755 mynhair
mynhair's picture


Shared sacrifice.



TEA party.

Corporate jets.

Bush did it.

Mon, 08/08/2011 - 18:40 | 1539761 Outlaw Of The W...
Outlaw Of The Wasteland's picture

Who would have ventured to guess a 15 for 1 reverse split of an insolvent financial company run by a dothead in an insolvent communist country run by disgusting jews from the slums of odessa and krakow would have been a short?

This can only end two ways, comrades.


Mon, 08/08/2011 - 19:01 | 1539845 sheeple2012
sheeple2012's picture

+ 1000 shekels

Mon, 08/08/2011 - 18:50 | 1539795 buzzsaw99
buzzsaw99's picture

What? No Squid?

Mon, 08/08/2011 - 19:00 | 1539840 PulauHantu29
PulauHantu29's picture

What were these guys thinking? I guess they took a huge gamble...and lost.

Mon, 08/08/2011 - 19:19 | 1539898 Monkeyfister
Monkeyfister's picture

This, right here, is why Citi will be allowed to survive, until at least June of 2012.



The .gov will prop them up until the Contract Period is over.

It's that awesome Free Market Fairy at work!

Mon, 08/08/2011 - 19:24 | 1539919 Stax Edwards
Stax Edwards's picture

At the risk of sounding repetitious and like a sycophant:

TD is a real hero among men.  I believe whole heartedly this man has changed the paradigm. Keep on Keeping on TD!

No F'N QE you fucks (FED).  A real turnaround is in the cards if these fucks will just relent and GTFO of the way!

Get out of the Market Manipulation business! Let the markets work!  You are being rendered useless if you will not relent!

Return to GAAP standards! Stop protecting the powerful!  You will lose if you keep trying to prevent markets from true price discovery!

Mon, 08/08/2011 - 20:12 | 1540063 Outlaw Of The W...
Outlaw Of The Wasteland's picture


Mon, 08/08/2011 - 19:25 | 1539920 jmc8888
jmc8888's picture

Powerpoint.  Is there anything that isn't complete bullshit on these slides?

Keep it short

Shy away from full sentences

Limited number of slides

Little/No animations


Yet in the end, it's all bullshit (maybe it's the format?)


So here's something that would fit on one slide that isn't.


1. Printing

2. Cutting

3. Taxing

All useless


Don't be a terrorist fucktard!

Enact Glass-Steagall



Mon, 08/08/2011 - 21:13 | 1540287 IMA5U
IMA5U's picture

tyler...teper is one of the greatest traders of all time


pretty bold of u to dig on the legend

Mon, 08/08/2011 - 22:27 | 1540650 Taint Boil
Taint Boil's picture

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Mon, 08/08/2011 - 22:32 | 1540680 Madhouse
Madhouse's picture

.... just got off the floor and crying tears... QE3...pppphhhphpphhhaaaaahahahah

Cut the living shit. The notion of a QE3 being taken seriously or to be feared by shorts and hoped for by longs is insane.  I don't doubt they try it but, ahum, isn't that what this shit storm is about ... the King Swinging his elephant trunk until someone blurts out laughing ?



Mon, 08/08/2011 - 23:17 | 1540928 Grand Supercycle
Grand Supercycle's picture


Further downside expected.


Tue, 08/09/2011 - 02:02 | 1541497 global
global's picture

Citi, Goodyear, and Valero were worth about $730M to him at June 30.  They're worth about $500M now.  3 of his top 4 holidings have dropped 30% in a month...pure genius, I wish I had my money with him.

Wed, 09/14/2011 - 05:09 | 1667515 chinawholesaler
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