I started a position in TNAV, mainly to poke my finger in the eyeballs of you bearshitters.
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Joined Nov 10, 2007
23,474 Blog Posts
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Welcome to the party.
just added to my wnr [email protected]
Good for you.
What’s the catalyst?
Crack spreads?
or just averaging down?
all the above, and mainly the catalyst is that they got a buy rating this morning.
Check again, they got a “fair value” rating, price target 17….Dow Jones News Wire incorrectly reported it….
tso, cvi,and wnr were under valued by 14% or better as stated by comtex,, smarttrend yesterday also. so long as wnr doesnt hedge, their q2 should be phenominal
enter the funnel
http://www.youtube.com/watch?v=K2jfV1DzcuQ
how apropo, i used to have a company, called it, mr. sandman
Speaking of big banks, big corrupt politicians and the reasons for the shit-mire we’re currently swimming… This book is going to make Ott-Nott very very sad.
(And I don’t mean to single the Ott out, but he was one of a couple of Dems here who derided the Fannie-Freddie-Comminity Reinvestment-MBS-nexus Explanation for the 2008 market meltdown, mostly because it pointed to some extremely powerful Dem Senators and Congresscritters –among them Dodd, Schumer, Barney Fwank– that formed the core of corruption between DC and Wall Street, and who helped make a number of large banks very rich… all in the interests of “fairness.” There were others here similarly denying but I just can’t remember whom… LungSac, prolly 😉 )
I expect in the next couple of weeks there will be a lot of Google hits on the name “James Johnson,” the man who promised, back In 1994, that Fannie Mae was going to make an effort to place $1 Trillion in affordable housing over the next six years…
$1 trillion in “affordable” — meaning subsidized– housing! How was that going to work exactly? If you guessed under the auspices of some extremely slick Wall Street marketing and a very accomodating federal government (and regulatory regime), you’d be more than half way home…
And if you think this book is a pot-boiler written by Ann Coulter or worse… check this… it’s written by the Pulitzer Prize winning Asst Business Editor of The New York Times!
Bombshells!
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Mr. JakeGint,
why do you constantly blame the Dems for the shithole that FRE and FNM became, when for 6 years, every frickin’ rose garden speech Mr. Bush made started out with him bragging about how many more Americans were homeowners under his administration??? and I use the word ‘owner’ very loosely.
Oh, I blame the RINOs too, Bush among them. But at least the Bush Admin saw the approaching shit storm (admittedly, probably too late) and tried for four consecutive years to reign in Fan. Barney Frank and Dodd would have no part of that, and basically accused him, and any GOP who said a word about messing w. Fannie, of being racists.
Which is even more insidious, if you think about it. Not only are these corrupt pols and corrupt Bankers exploiting the poor, but they are using the race card to exploit poor blacks as well!
If you read the piece (and maybe even the book) , you will find that the core group is a complex of long time liberal proponents (including the left leaning WS bankers) who basically went bad when all this money came rolling through the sluice.
I’m not saying they went out with the idea to rip America off, but that’s what was the end result of their “good intentions.”
Which is why we must disempower Congress from such momentous control over the financial system. They are all corrupt.
__________
While Gretchen is well-respected, she is in the twilight of her career. Having missed the book money train that most reporters strive for, she is making one last desperate effort to cash in given how underwater her NYT stock options are. At this point she’ll write anything to make a buck.
LOL.
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Deja Vu or this must be Johnny-2-Times impersonating The Senator ….
Hung it on the end of the last one.
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Just ring the God damn bell already.
coming next week: “No One could have predicted this.”
Waiting for the bell and t=relief. Meanwhile, my WNR is on the OpenTable.
The dollar’s kickin azz and taking names but no Trading Nymph…is she dining on 2 1/2 inch ribeyes now?
she’s dinning on 2 1/2″, but not a ribeye
Yours, I presume?
_____
not me.no way
With the poor behaviour of WNR, silver stocks, and the worthless ZSL hedge which does NOTHING
I figure the RFly, operating at 20 to 1 leverage has lost 500% in his PERSONAL account YTD.
So if he started with one million, he now OWES about four million. But he still whistles in the dark.
thats like saying you know much a man has in his wallet.
Sold ZSL weeks ago. Shut up.
BANNED