I bought 5,000 General Cable Corporation [[BGC]] @ $35.80, 30,000 Sterling Financial Corporation [[STSA]] in the high $3.30’s, 30,000 ANADIGICS, Inc. [[ANAD]] in the low $3.90’s and 7,000 Starent Networks Corp. [[STAR]] in the high 22.90’s.
Disclaimer: If you buy the above stocks because of this post, the next house you buy will be haunted by bearshitting ghosts. And, you may lose money.
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FIG
Fly:
You unceremoniously threw us all out of the apartment, yelling at us that “the party’s over”. Now 15 hours later you’re inviting us back enticing us with beer. I’m sorry but we’ve got pride too, you know. We’re human beings too.
Untrue. These are small floaters. I respond to the market, not my dogma.
Whatever
shorts – it’s 2:10pm – you have 5 minutes to get the fuck out of the way. ROFL.
Fly, you are reacting a bit too quickly. What changed your mind. The Fed is going to start mentioning inflation in this meeting. The extreme low fed funds rate is starting to have a negative effect on the bond market. The bond market is what the Fed looks at, NOT the stock market. While the stock market may hang out here, or even go up toward the close, I believe your take yesterday was correct. As long as those are very short term trades, you may be okay, but I believe it is time to start a bearish bias on the market.
Master Fly, I’m a bit curious, what kind of pants are you wearing today?
j-
Do you have any perspective/thoughts on dollar pounding as a result of swap lines being closed? We have agreements with BOJ, BOE, and the Loonie Bank until Oct. 31, 2009 I believe.
I take it this is about large swap lines between the CBs, right? Not really, Real. Haven’t heard they’re going to close them down.
I would have thought that they will keep them going and in fact they will remain committed lines forever.
However if they do get repaid that means that dollar liquidity is coming back and in fact the dollar shortage we saw last year would get reversed.
anyone know a Japan bear etf.
Those fuckers are going to implode. They’re just about to elect a leftist government over there that wants to go on a serious welfare spending spree while totaling ignoring all their other ailments like an imploding population and a debt to GDP of 180%.
Meanwhile the central bank sits there and watches deflation… just watches. I can’t believe that place.
http://ppt.ibankcoin.com/analytic_engine.php?symbol=EWV
Poor bastards, they need to try something different this time, don’t they?
I mean how many lost decades does it take?
But, seriously, China etf.
All they’re doing is buying up a bunch of hard assets with all their extra $$$. So, excessive liquidity is driving up those prices, NOT demand. Couple this with sketchy government reporting (I know, I know, it’s the pot calling the kettle black) and their market’s going to come crashing down very soon.
these are small trades people. I am still 55%+ cash
Fly. ypur small trades are huge to a piker like me. i am barely out of diapers and into training pants. I may purchase small amounts of shares in the three figures.
Henry Fool adds to MAIL aggressively as possible without chasing.
I am starting a position in FAZ. The pundits on CNBC are saying that the Fed sees things getting better. The truth is that things are not getting any better. They are getting MUCH worse. The Fed is being forced to shut off the spigot by the bond markets. This is not a good thing at all for the stock market. Any company that is looking for financing better hurry because the bond market is rolling over. Fly, if I were you, I would seriously consider getting net short this week.
I’m trimming too all positions down to 5-10% size with CASH building
Oh CSIQ is still 20+%