I bought 20,000 SWHC @ $3.20 and 5,000 RGR @ $7.50.
Disclaimer: If you buy the above stocks because of this post, ironically, you will get shot. And, you may lose money.
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Joined Nov 10, 2007
23,433 Blog Posts
Fly – I like your style, you would make a great member of the Alphalobotrading pack…but (and with all due respect) I will be a shorter of the gun stocks.
From Bill Gross’ latest missive … I guess we know where he stands …
Question: What do you think about nationalizing the banks?
Gross: I think Roubini, Dodd and Greenspan haven’t thought this one through. The U.S. isn’t Sweden, and not just because our blondes aren’t au naturel. Their successful approach revolved around a handful of banks but we have 7,500, as well as many S&Ls and credit unions, which would have to be flushed into government hands. Regulators are overwhelmed as it is, and if you thought Lehman Brothers was a mistake, just standby and see what nationalizing Citi or BofA would do. Our banks remain at the heart of domestic/global financial transactions and daily clearing, while those Scandinavian banks were not. PIMCO would not dispute the need to further capitalize systemically important banks via convertible bonds held by the government, which unfortunately dilute shareholders’ interests. To go further, however, and “haircut” senior debt or even existing preferred stock similar to that issued via the TARP would create an instability policymakers should not want to risk. In turn, forcing creditors to take haircuts would undermine other financial sectors such as insurance companies and credit unions. The goal of future policy should be to recapitalize lending institutions while maintaining the basic infrastructure of credit markets. Outright nationalization and haircutting of creditors will do just the opposite.
Thanks for PPT. Very good tool. I use it to find stocks to sell options against.
You should put a big “caution” sign next to any commenter that is not a PPT client. That way we know who to take seriously….I mean who, with any serious ammunition in their portfolio, isn’t paying a few clams for top tools? Tools, that’s who.
SGR has resistance at the 8.05 level
Thanks Andy.
SWHC/RGR ripping.
So Bill Gross doesn’t want to get crammed down? Shocking.
God that FED MAN is talking again…..
That does not bode well for the markets.
.
Give those assholes a haircut.
Bernanke = blah blah blah blah blah blah blah blah blah blah (repeat)
Artist
Excellent transcript.
Fly:
Why the fuck are you buying gun makers? What do you know about guns?
This survivalist stuff is just bullshit anyway. You’re sounding like the dog.
What a dumbass question Dodd? Boy, we have the dumbest people in charge. We are doomed
Offshore banking run amuck…
http://www.youtube.com/watch?v=SzcJwt_aj9o&eurl=http://www.prisonplanet.com/banks-use-your-bailout-funds-as-mob-tax-havens.html
DB’
It’s a bullshit story. American banks and financial firm like C and MS gs etc are not allowed to take in black money from American citizens.
sniper6,
what brand scope do you use?
Leupold, Nightforce, Schmidt & Bender, US Optics?
j-
keep dreaming. I used to work for one of the mentioned I banks and I can tell you I set up large accounts through agreements with Swiss banks. It happens all the time.
http://zerohedge.blogspot.com/2009/02/goldman-slams-commercial-reits.html
Goldman gets around to slamming CRE
More double-speak from THE FED MAN
God….I dont like that man.
People are itchin’ for a lynchin’
.
Moe:
US authorities are allowed to look though US banks subs anywhere. I can’t see them doing it.
I am your worst nightmare.
We get to win this time.
SWHC is a fucking stud! Holy shit, I’m loving this.
I don’t buy the JPM statement that their earnings outlook is “roughly in-line” with analysts expectations.
And cutting the dividend as a “precautionary step” translates into– we need all the capital we can get because we have more right downs to come. Especially with the WAMU portfolio.
I am still doubting that they have been able to purge out the shit from WAMU so easily.
Artist-
Zeiss optics -w- integrated rangefinder
ha ha ha ha ha…..Jim Cramers darling FWLT just took a shit………. he owns it….. I love it…..
Jim Cramer is nothing more than an actor posing as a market player…….. hey Jim….. I promise to find a bull market for you, I’m just not going to do it now…..because I trade in a world of reality, not in a world of CNBC bull fuckery contractural agreements……you asshat…..hey Jim why don’t you go on tonight and tell everybody to buy JCPenny again? hey Jim why don’t you go on and tell everyone to buy GOOG at 700.00 because it’s going to $1,000.00 you asshat……
TMOE –
Jamie Dimon is certainly not one to paint a pretty picture. If the current quarter was bad, he would say so. I take the “roughly in line” comment to mean, we are going to kick that number’s ass.
I suspect the dividend cut was an attempt to get ahead of these stess tests. The gov’t zeros in on dividends, since it is low hanging fruit, and I suspect that he was concerned that the govt test would mandate a dividend cut. This way, JPM stays in control of its own destiny.
In their presentation, they said cutting the dividend allows them to prepare for 10%+ unemployment, a 40% drop in home prices (peak to trough), and a 2 year recession. Those seem like fair assumptions.
TheArtist – To be fair, he didn’t say GOOG was going to $1000. He said it was “inevitable.” Along with GS to $300.
I’d like to see Baron’s do an article comparing Cramer’s Charitable Trust performance vs the Bernard Madoff fund vs GE stock. I think it would be quite a battle.
I pity the charity that is actually counting on funds from Cramer. Did that clown every make money with that Trust?
When do SWHC and RGR 4Q08 earnings come out? When they do, does this trade become a sell the news type of play?
HOLY FUCKING SHIIIIIIIIIIIIIIIIIIIT!
IS ANYONE WATCHING SWHC?
STOCK JUST WENT VERTICAL INTRADAY! 3.55 now!
OKay… it’s close to time to sell. I’m throwing out of a limit sell for half my shares if we tap 3.72. It’s just getting too crazy. I’ll hold the rest for a move to $5.
punyandy, I would like to see that too……
I would also like to see the asshats on Fast Money put up all their stock plays on air daily so we can see how much of their clients money they loose.
The only one that admits when he looses money is Jeff Macke. The rest are full of shit. And I have no fucking clue how Karen is ever above water, every stock she has said she has bought EVER has gone down from her buy point and yet to recover, I mean she bought WaMu 4 days before it was disolved….. ????
SWHC volume is already double the average daily.
Must be getting ready for the Obama speech tonight.
He will probably propose no guns,guts, or glory and say we are a country of “losers.”
RGR is today after the close, Charlie.
J
Americans love guns, as do many people. Here a link to videos and if it does’t work just search: Baber AA-12. Anyway it’s an automatic 12-gauge shotgun with minimal recoil.
http://www.atavist.net/
H