BAC is raising 13 fucking billion dollars. Do you know the balls it takes to do that kind of secondary, at these depressed levels? You need to stop looking at these capital raises, as you might have two years ago. The fact that they are able to raise PRIVATE CAPITAL speaks volumes.
The capital raises are saving the franchises.
The banks are taking their medicine and will be rewarded for it later. Personally, I have no interest in playing the banks, out of pure principal. But, I do not suggest being short.
In the event the economy turns the worm for the better this summer, your short only book will resemble the impact center of Nagasaki, circa 1945.
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Yeah, that BAC secondary really beat up the stock. Only rose 7 cents AH.
Evidently so is Government control of Business. Aside, of course from the initial 65% hit.
my opinion is that the MMs knew that if market tanked before these offerings were to happen we may have a very low recovery which would not be good
This secondary will mark the intermediate top. Write it down.
LOL Ervin “Big Stick” Walker is James Baldwin. I know no one here know who James Balwin is but it is still funny to me.
I read some of James Baldwin’s work in college, including his shorter stories (ie “Going to Meet The Man” etc). If The Fly’s using Baldwin to endorse the PPT, then he knows his sh*t pretty well.
Fly — Agreud.
______________
Goldie, fuck a glad bag full of gold fish, Jimmy Baldwin used to teach at the school up the road from me.
His diminutive alchoholic homo self was wasted on such pikers, I’ll have you know.
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Learn more Heart Healthy facts here.
____________
How long does it take for an account to be activated on the ppt?
Lofl, I think I recognize Lord Myron Breadcast too, but I can’t think of his name.
It’s not Sartre… but someone along those lines.
_________
Jake,
Why so harsh? Did you forget to take your lithium/oxycontin cocktail or something? Maybe Jimmy B. can make you a drink and then fuck you in the ass to calm you down??
I guess I underestimated the folks at IBC. I shall never commit such an atrocity again.
Why so harsh?
It’s a long story, but I was beaten often as a child, for starters.
Did you forget to take your lithium/oxycontin cocktail or something?
Well, and that too, I guess.
Maybe Jimmy B. can make you a drink and then fuck you in the ass to calm you down??
Jimmy’s long dead. Is this some sort of come on in pseudointellectual circles?
I shall never commit such an atrocity again.
Go commit similar atrocities on Tim Knight’s blog. They love that kinda shit over there.
And what’s more, if you bring us back a suitably atrocious report, you’ll be forgiven here. 😉
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Whatever man. I got better things to do than get in a pissing contest over the internet. I come here to get trading ideas. I could give a fuck about you or Tim Knight.
Well, Goldie, shit’s not for free. Even the free shit.
This is a friendly place. You want to remain friendly? Fine.
You want to be the new newbie douchebag, that’s fine too, we get about ten of you a week, here. Just don’t expect anyone to put up with it.
Piker.
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The bank has already issued all 1.25 billion shares it intends to issue for an average price of 10.77, completing its 13.47 billion dollar raise. Its all priced in, all the delusion is accounted for. http://tinyurl.com/p34vbe
Its all priced in, all the delusion (sic) is accounted for.
Freudian of the Day nomination!
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Everything is fine. Nothing to see here. Move along.
Pension Benefit Guaranty Corp.’s deficit tripled to $33.5 billion in the past six months.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aX_YpTysrpx4
What will it look like in a year?
I am always friendly. Maybe you should take your own advice.
The irrepressible Denninger re: BAC secondary dumpage on sheep investors by wolves at the top of the investment ponzi scheme/scam food chain @ GS etal.
http://market-ticker.denninger.net/archives/1051-WHERE-ARE-THE-DAMN-COPS-BAC.html
From this chart it is clear that “someone” (or a handful of someones) knew of this offering before the market closed.
The volume that started showing up at 2:00 PM – to the downside – was VERY significant and the selling picked up bigtime going into the bell.
This sort of information leak and trading on it before it is disclosed is illegal.
Jed, eagerly awaits his first visit to a Starbucks.
The Japanese GDP has decreased nearly 30% in the last 2 qtrs. and Howard Davidowitz says the increase of the USA federal debt to 14 trillion or approximately our GDP will result in a Japan style malaise. Obama is bailing out the UAW by giving them GM and Chrysler – reminds me of the UK and their former auto industry. That SOB Obama says the USA is using 25% of the world’s resources with just 5 % of the population. Obama should move to Cuba where he will be happy – one of the lower per capita energy use places.
dave –
PBGC may be underfunded right now, but it’s not in danger of a catastrophic event as the article suggests. the unions made darn sure that the chrysler pensions were funded without PBGC. we can expect the same for GM. the unions have a vice grip on this administration, and it’s clear that their demands go above those of senior secured debt holders, for example. a damn shame, of course, but it’s the way things are right now.
Did anyone see Jeff Macke with Dennnis Neale on CNBC Reports tonite? He was so coked out it wasn’t even funny. He went on some wierd rant about cars and nobody had a clue what he was saying. I’ve done enough blow to know when someone is gacked out and he was gacked out. If anyone has a clip of this please post here. It’s worth seeing.
Well welcome to Wall Street Denninger. Big fucking deal.
Yeah. Fuck it. Life ain’t fair and all that bullshit.
I’m going to go put on my rape shoes.
Someone get us that Macke clip.
citigroup tonight on your Corning Fly…nothing crazy, but positive nonetheless..
Stock Call — Continue to be Buyers of GLW.
LCD-TV demand solid, panel prices are firm, & panel maker utilizations are rising; all positives for LCD glass demand. End demand continues to remain healthy in our view & stimulus packages are incremental positives. GLW production should increase through balance off year, w/strong manufacturing leverage to drive positive EPS growth.
Buy, $19 target.
I am long 5100 shares of BAC at 10.70. For me this is a very big position since its my personal money. I am starting to get very very bullish at this point but will hold my QID and SRS positions since they are fairly new. I don’t think there is much to say really about the banks, they are screaming buys here. If diluting the fuck out of a name does not cause it to go down nothing will. I mean fuck even GM was up today after pretty much announcing they are going bankrupt. I guess bankrupt shares are worth something these days. Commercial Realestate Bonds are getting bid up like a hooker with all her teeth, I am talking they are going from 8% and 9% yields to fucking 1% and shit, that’s confidence and this paper is horribly rated. Its amazing the confidence all of these names are exuding. Now I don’t pretend to know what will happen but I know I am done fighting the tape and will buy hand over fist in the banks, they have some sort of government put which is keeping them elevated. Off to beg and get in line to open a bank account at the shittiest bank around, all the good ones are not accepting new business since they have too much already.
I’m betting the following are all up considerably by the end of the year: S, HOV, ETFC, GMXR, TCK…WATCH
Gapping:
I have BAC which I started buying at 3.85 to 6. I bought my “dilution” stock in the open market today.
I don’t think the stock price signal is bullish or anything like that. I just think all this shit has been baked into the price.
Banks like BAC will go up simply because we don’t have a banking calamity now.
The banks are taking their medicine and will be rewarded for it later.
Why do you say that?
I’ve been looking to get long on banks for the long run. Currently I am decided between WFC, BAC and MS – but I think I’m leaning towards MS. They took a ton of write offs Q1, got all their shit out there and off their books all at once instead of letting it bleed out each quarter. I’m looking to get long MS under $30
Because I just fucking said it, J, that’s why.
Juice, why are you so surprised? America was founded by taking from others.
GappingVoid,
Why don’t you have a fucking blog here already? You write a novel in every post Fly makes. All that for it to be forgotten or not read at all once a new post is made.
By any means.
Elaborate on the point, Fly.
Bluth…
I’ve been watching them, yea they took a hit, however it may look like they have imperiled their earning power. They’re a fucking I-bank for fucksake and didn’t take much risk last quater because they have tamed that side of the business down hoping to make money on customer spread. Won’t work as that line in low margin shit.
they need to get back into risk taking or they’re fucked. their short term, market related risk is too low. GS ate them for breakfast last quarter.
Fuck this,
It seems you fools are correct. I have been eating shit with SRS and FAZ. Bank coin on KLIC and CNO. Other then that I’m bored. I have been taking a postion in a company that is interesting for many reasons. I will give it out when I finished buying. Hardly trades but will be a nice winner soon.
I have a young girl from Hanghou china who works at the UN in my bed. Seems she is waiting for me.
regards
chuck
Fly, like “private equity” has a fucking choice. If these secondaries aren’t supported, most of wall street will not be getting bonuses, again, due to the collapse of the banks. In fact, if these secondaries aren’t supported, wall street risks having Obama come after them with threats of IRS investigations and SEC subpoenas, or worse, an angry mob of pitchforkers.
There is no choice but for GS, BAC, JMP, et. al. to support each other as if one goes down, they all will.
It is all a big shell game, financed by the American taxpayer, and it shows that we are still very close to the cliff’s edge.
eat steaks with FAZ and SRS now
“It is all a big shell game”
further discussion needed?
Agreed upon all, Senor Fly.
But I have to speculate if maybe both DOW 10k and Devildog’s “new lows July” could not play out, in this market…
This a whole new beast, to some extent.. it’s more like the European markets than any former American one… much more shady gov’t activity and more volatile…
And considering this rally will likely melt down much faster… I just wonder if both 1100 and 600 are potential targets before year’s end. We all must agree that the year has been a wild ride thus far.
Just idle speculation
That would be nice, however its been tasting like shit.
Must see what they feed this cow.
Regards
chuck
This market and the current bullish investment rationale is so far gone, it’s floating into outer space. All this misguided bullishness is a precursor to the next leg down….and it will be ugly.
Protect your ass(ets).
Shed
Fly, like “private equity” has a fucking choice.
Who compelled the bidders, pudgy? Who told the bidders they had to show up at the auction?
If these secondaries aren’t supported, most of wall street will not be getting bonuses, again, due to the collapse of the banks.
Pudge, you’re thinking too hard and end up in Truther Ave.
In fact, if these secondaries aren’t supported, wall street risks having Obama come after them with threats of IRS investigations and SEC subpoenas, or worse, an angry mob of pitchforkers.
Seriously, is this the pudgy Shed I once knew, or is this Dogs pretending he pudgy Shed?
There is no choice but for GS, BAC, JMP, et. al. to support each other as if one goes down, they all will.
Oh bullshit.
It is all a big shell game, financed by the American taxpayer, and it shows that we are still very close to the cliff’s edge.
Shed, is the diet making you hallucinate? This is the worst Truther swill I’ve read for a while now.
I disagree wood.
Does Anybody Know Anyone who has knowledge of Anyone who is activly providing Any “Private Capital” in Any of Many Secondary Offerings?
Jeff Macke Video link (as requested) – very strange!
http://www.cnbc.com/id/15840232?video=1128608144&play=1
Most of you got lucky and bought stock last month, thinking the market had to bounce. Now you are scared of the market, mainly because you never knew why it went up in the first place. I am trying my best to tell you why it will continue. However you seem to stubborn to listen.
I know you do Fly, but thanks for letting me rant.
Seriously though, what would happen if these secondaries were not supported? Would not the banks drag us back into the abyss?
It went up due to a short squeeze. Nothing more, nothing less.
Wood
Moot point. All of a sudden, money is available. Cheap money makes stocks go up. Without evidence of deflation, I am forced to be bullish.
Whoa, Macke is totally coked…
Link
lol he’s hinting even, “tweaked”, “rails”
cheap is no longer cheap and the market now has released most offerings.. down we go says the EW and trendline. Will see at the end of May and early June. Best of luck
IT top has already been written in booked. although i booked it a bit early, but this one seems more like due to other indicators
ROFL at Macke “Car People”
I will use that tomorrow.
Wood
I disagree again. There has been broad asset allocation.
Macke Vid
“Now ask Fritz” This shit is genius.
Wow, Macke is all fucked up. What the hell is he talking about, car people? Is that some kind of secret street jargon?
Wood:
He is being deliberate. It is genius.
I want to get my hands on some Secondary Offering tomorrow. Existing and available shares just don’t do it for me. However, any Secondary Offering will do. Whats available?
That has to be one of the funniest market analysis I’ve ever seen.
Car People == GM, Chrysler
The rest of his performance art analysis seems to indicate he is commenting on the lunacy of the rest of the market.
That’s what I get for commenting before the last spiel from Macke.
I feel like I saw the 21st century version of “I’m mad as hell and I’m not going to take it anymore” aka “I’m going to talk like a lunatic because it’s all lunacy”.
Fly, I understand, re: cheap money, and you are probably right.
However, there is lots of data that shows that the sectors with the highest short interest, the sectors with the highest beta, the sectors with the poorest quality stocks, were the ones that rallied the most.
High short interest, high beta, and poor quality stocks rallying is a short squeeze.
I have not seen data showing a broad asset allocation, but if it was, I would bet it was spread among the crappiest of stocks.
PAY ATTENTION BOZOS:
alphadawgg Says:
This market and the current bullish investment rationale is so far gone, it’s floating into outer space. All this misguided bullishness is a precursor to the next leg down….and it will be ugly.
Protect your ass(ets).
Think of the tsunami….the tide gets “sucked” far back…all the morons run out to collect the “easy catch” thats laying on the ground 20-30 feet away from shore NORMALLY IS…..
thats exactly when they all get royally fucked!
The morons are out in full force…the big wave is commin!
LOL, Ride that white pony Jeff. How can management at that train wreck of a station view that rambling blinkey eyed nonsense and conclude that his opinion is worth listening?
I love watching careers slam into the wall on the far turn.
Whatever the estimates for the next month’s unemployment numbers are…….increase them by one more.
You know, I’ve always wondered if you were Macke, Fly.
This video proves you are not.
holy f’in shit, macke is whacked.
ME
nice analogy.
Apparently Macke gets some top notch shit….
Cuervo
exactly.
The inside of Macke’s skull must resemble the impact center of Nagasaki, circa 1945. Good times!
Leaked Bilderberg meeting topics…
http://www.prisonplanet.com/leaked-agenda-bilderberg-group-plans-economic-depression.html
——
According to Estulin’s sources, which have been proven highly accurate in the past, Bilderberg is divided on whether to put into motion, “Either a prolonged, agonizing depression that dooms the world to decades of stagnation, decline and poverty … or an intense-but-shorter depression that paves the way for a new sustainable economic world order, with less sovereignty but more efficiency.”
The information takes on added weight when one considers the fact that Estulin’s previous economic forecasts, which were based on leaks from the same sources, have proven deadly accurate. Estulin correctly predicted the housing crash and the 2008 financial meltdown as a result of what his sources inside Bilderberg told him the elite were planning based on what was said at their 2006 meeting in Canada and the 2007 conference in Turkey.
Details of the economic agenda were contained in a pre-meeting booklet being handed out to Bilderberg members. On a more specific note, Estulin warns that Bilderberg are fostering a false picture of economic recovery, suckering investors into ploughing their money back into the stock market again only to later unleash another massive downturn which will create “massive losses and searing financial pain in the months ahead,” according to a Canada Free Press report.
According to Estulin, Bilderberg is assuming that U.S. unemployment figures will reach around 14% by the end of the year, almost doubling the current official figure of 8.1 per cent.
—-
According to Estulin’s sources, here are a few of the talking points and concerns for this year’s meeting:
The future of the US dollar and US economy: The plan is for the Bilderberg Group players, through their allies in Washington and Wall Street to continue to deceive millions of savers and investors who believe the hype about the supposed up-turn in the economy. They are about to be set up for massive losses and searing financial pain in the months ahead. The bank “stress tests” now being conducted by Washington are little more than a shameless hoax: Based on the irrational assumption that the economy won’t get as bad as it already is!
US unemployment: Solutions and assumptions (Stated as such in the pre-meeting booklet sent out to attendees.)
Bilderberg is quietly assuming that US unemployment numbers will hover around 14% by the end of this year, far higher than the official numbers released by the US government.
Depression or a prolonged stagnation? (Stated as such in the pre-meeting booklet sent out to attendees.) Bilderberg is looking at two options: Either a prolonged, agonizing depression that dooms the world to decades of stagnation, decline, and poverty … or an intense-but-shorter depression that paves the way for a new sustainable economic world order, with less sovereignty but more efficiency.
There will be a final push for the enactment of Lisbon Treaty, pending on Irish voting YES on the treaty in Sept or October. One of their concerns is addressing and neutralizing the anti-Lisbon treaty movement called “Libertas” led by Declan Ganley. One of the Bilderberger planned moves is to use a whispering campaign in the US media suggested that Ganley is being funded by arms dealers in the US linked to the US military.
Thank you for that Macke clip!! That was the most bizarre F’N funny thing I’ve seen ever. WOW – the guy was literally breaking down in front of us. That’s such a metaphor for what has happened to Wall Street.
Nice!!
Jake and others above,
PPT pic on right is Dalton Trumbo. Communist Party USA writer that was later blacklisted because Johnny got his gun. You would think he would be opposed to luxuries. Odd, no?
Love the Macke Vid. He’s great isn’t he?
Hmmmm….
Gracias, that was driving me crazy. Knew he was an eccentric lefty, but was fixated on Europe for some reason.
Did your hear that I.F. Stone, the great liberal writer and scoffer at the “Red Scare” of the 40’s-50’s was just outed in a new book as a KGB spy? One of the writers is ex-KGB too.
___
Love Jeff Macke- I hope he doesn’t lose his job on fast money over this.
That video was priceless.
Note to self- never try to make sense of highly dilutive secondaries while tweaking out on coke.
Jake,
Eccentric writers are usually much more knowledgeable then they may seem. I know The Fly is earnest with his posts, but the wit is the hook.
five minutes later.. OMG…thank you neal/macke!!!!!! just the eyebrows alone…I haven’t
laughed that hard in so long….all the good ones on CNBC are either leaving, have left
or are totally losing it
Glass substrate shortage
http://www.digitimes.com/news/a20090520PD202.html
Long GLW.
LCD shortage
http://www.digitimes.com/news/a20090520VL200.html
GLW competitor: Asahi Glass
http://finance.yahoo.com/q?s=ASGLY.PK
Wood wrote:
“Fly, like “private equity” has a fucking choice. If these secondaries aren’t supported, most of wall street will not be getting bonuses, again, due to the collapse of the banks. In fact, if these secondaries aren’t supported, wall street risks having Obama come after them with threats of IRS investigations and SEC subpoenas, or worse, an angry mob of pitchforkers.
There is no choice but for GS, BAC, JMP, et. al. to support each other as if one goes down, they all will.
It is all a big shell game, financed by the American taxpayer, and it shows that we are still very close to the cliff’s edge.”
Woody, having listened to you for over three years now, I can certainly say that you have a wisdom and intuitive intellect that demands the respect of any honorable human being. Fly’s ambivalance towards what is the world’s greatest crime on humanity, just so he can make a buck, is a perfect depiction of why we face the consequences that are coming sooner than anyone realizes. Your sense is much more valuable then what could be realized from a high IQ or am inherited narcisism that is evident in every post that Jake spews on these once glorious boards. Even Ducati had more honor and you know that’s the truth.
Fly, what happens when input costs triple in one week? FUCK YOU BULLS, YOUR DEAD.
However, there is lots of data that shows that the sectors with the highest short interest, the sectors with the highest beta, the sectors with the poorest quality stocks, were the ones that rallied the most.
High short interest, high beta, and poor quality stocks rallying is a short squeeze.
I have not seen data showing a broad asset allocation, but if it was, I would bet it was spread among the crappiest of stocks.
Shed, why does that surprise you though. the stocks that had the end-of-times-play rallied hard as people scrambled realizing the second coming could still be a long ways off.
Okay I give up. I am a frikkin dumbass. I watched Macke clip twice. He sounds amusingly entertaining. And I mean it in a good way. But what is the “genius” part? What was the so-called joke about car people? Is there a prequel clip?
Stockrider:
That’s just it. It was a incoherent rant about nothing.
That’s the genius. LOL
My money’s on Macke going to the puzzle house. No joke. That’s not coke. That’s an old-fashioned crazy as a shithouse rat breakdown.
Macke’s definitely coked/whacked out .. I love crazy people, however I am now concerned for him. If he wants to get deep on bubblevision, he needs to man up & do it straight.
Why would Mr. Macke be in trouble for drinking Coca Cola?
It is very refreshing.
We drink it sometimes when we are out of Bubble Up or Royal Crown Cola.
j, I never said I was surprised by it. Fly said there was broad asset allocation. I dispute that.
Fair enough shed. I just don’t think the worst hit sectors going up so hard is that much of a surprise in a zero interest rate environment.
The Buck could really fucking tank here the US dollar has broken some serious resistance levels in the Dollar index. So with my clients money I’ve gone long Aussie and sold US Doll Cad. Oh and my money too of course 🙂
Poor Mackee…melting down on The Dennis Kneale Show in front of 10’s of people. I’d say he was mixing. Zach Karabell get ready to check into the game.
Speaking of CNBC could there be anything more painful than watching Steve Liesman[sic] trying to carry a show on his own.
I know I am a little late to the commentary on Macke’s video, but I just saw it. All I can say is “WTF?!!!”
I also like Kneale’s remark after Macke took his first breath—-“Okaaaaaaaay….”
I think Jeff Macke was making fun of Dennis Kneale. Start watching at around 2:00 min mark…. Dennis coaches his guest about how TV works: ‘shorter bites, faster back and forth’
LOL
LOL @ The Macke video. Apparently the man likes to hit the slopes in May. Good grief! Strangely though, I believe I found myself agreeing with everything the man said.
Did a nuke hit RBC (Regal-Beloit) headquarters? They are down 66% in pre-market…
GE scares me, did anyone see Immelt on CNBC this morning? And Intel is the one getting in trouble in Europe over a monopoly…
Verdict: Not Coke.
Lithuim deficiency.
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So with my clients money I’ve gone long Aussie and sold US Doll Cad. Oh and my money too of course.
Welcome aboard at long last. You might want to have a look at some JCHP members, too.
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Goldie — I’m not showing anyt move… you sure you didn’t throw an “S” in there at the end?
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Ticker symbol RBC. It is showing up on Phophet charts on TOS. It is probably because they are selling 3.5 million shares. Probably just a bad tick.
Macke took it up the ass Monday morning when he held SKF and SDS over the weekend. He hasnt been right since then. I have read his ramblings on Minyanville.I fully believe it is some type of minor breakdown {red bull coffee} more so than coke . Who in their right mind could go on tv and sound bullish every night. Macke is on the way of Dylan Rattigan.Outing GS on national tv ,his days are numbered . He is the only one except Art Cashion to watch on CNBC. Did anyone see Art Cashion on Monday say that most of the buying was comming from one overseas account…priceless.I agree with FLY trade price not what you know
BRCM is consolidating below a horizontal S/R line that goes back to 2005. If it can get above and hold 22.80, a run to 30 is likely. A failure at this line and it is a short.
Where is “Hit the Bid” Krull? He should talk to Manke and explain how to communicate to the people.
DXO moonshot! Where is FTK?
There she is, I knew she could not be held back that long. Onward!
Welcome aboard at long last. You might want to have a look at some JCHP members, too.
What’s that?
LOL, who is the dipshit who gave me a thumbs down for taking the time to answer Goldie’s question?
Some of you people are just unbelievable.
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Good old GLW.. I rode that stock from 8 to 21 a few years back. Good times.. Looks like there is a lot of supply around the 15/15.50 area on it right now. It might take a few days to work throught it. Above 16 it rolls to 20.
Good bye California!
http://cbs2.com/local/Propositions.Results.Special.2.1013947.html
And Chicago you are next you fucking homo faggots.
What’s that?
Geezus, J, you do realize there are other blogs here than just your beloved Woodshedder’s don’t you?
___________
oh ok
I actually read fly obviously, your blog and the Dogs on Monday
Henry, what are you looking at today bro?
Macke makes sense, I mean look at GM. The shit is bankrupt. I know a shitload of people there and its done for yet Fritz comes out and says shit is good. Go back to GME Fritz and deal with the Europeans. Yet here we have people bidding up GM like mad. Don’t fucking tell me those are arbs either, I know one of the biggest GM arbs and he said it isn’t true. Seriously the shit is all one big charade right now. People don’t understand what is going on at all. Look suppliers are GM are going to get pap smeared soon. They have deep credit lines that will be wiped out hard. You guys don’t know how deep they run. I am talking granddaddy roots. You are going to see a massive aftershock when it happens, at first it will be a trickle until people realize how deeply it runs. But keep hitting the bid, you know a bankrupt share is backed by the government now, you can trade it in to the government for a free car, just call Obama he will take away your worries.
I hope BAC dies of AIDS…, GS catches some form of genital warts etc
Not kidding about the bullish signs for Aussie and Canada. If the Fed keeps low rates throughout next year as it looks increasingly likely, the Japanese and the Euro have QE, these two (Aussie and Cad) currencies could literally fly as people look for safer waters diversifying away from the US. Even New Zealand will w=do well and be part of this group… Well of course New Zealand will do better than the rest seeing my former trading assistant and Ex FX trader is now the Prime Minister. It’s like Fly’s Vincenzo becoming Prez.
These higher moves in these two currencies are indicating that global liquidity is making a come back fast. Don’t be short stocks.
INTC fading,CSCO is down, AAPL wants to go lower, and GS is weak.
Say no more for a daytrade on the short side.
Just need to be patient and pick the spot.
Gapping;
No one gives shit about a GM bankruptcy. That’s already baked in. It’s going to be a huge yawn.
FYI I took 20% of my massive DXO position off at 3.75. I have a 56.72% gain and want to lock some in. Its my biggest position at 18,000 shares from $2.392868.
By the way did anyone ever think about what the increase in gasoline will do to a strapped consumer this summer?
Just buy CLF. They did all the things that make bulltards want to buy the stock, such as diluting their owners 10%, cutting the dividend, no stock buyback, cut salaries, shut down mines, etc.
The stock is up over 25% since the dilution last week, and going higher every day.
J: You’re fucking delirious. Just wait until it hits. I guess growth in 2050 is baked in too right? Fucking dumb, about as dumb as josh1ngu talking about market makers fucking him. He has no clue how market makers work, period end of story. If he did he would not say such dumbass comments.
By the way I wanted to add some comments that I learned on my tech discussion yesterday with the biggest IT reseller in the business.
“Sales are very slow but did uptick some in the past 6 weeks. People are soon going to be buying about 3/4 of the servers they used to buy because of the ability of the new Nehalem processor which will allow 8 to 12 cores per die. We expect July to be the hottest time for sales but people are very nervous right now. IBM should be a big beneficiary of the move to virtualized infrastructure with EMC SANs. People are looking to downsize their foot print with new more efficient servers. We expect volume to decrease but margins to increase with this move. But overall the quotas are not being met at all around here.”
Nehalem is Intel’s new proc by the way.
I was in an Apple store this weekend. Very busy..but no one was buying. Most people were there to get there iphone and ipod fixed. Buch of overrated crap!!!
Hate posts here we come
By the way my hard drive on my one year old Mac took a dump,along with numerous ipods. Never buy Apple crap again