Did anybody get in on [[SEED]]?
Note: Before you get all bearish again, just know the infamous- highly anticipated iBC machine is giving out positive signals.
Nonetheless, [[LEH]] will always be a short, so use that to hedge to your favorite long.
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What is the “iBC Machine?”
time will tell.
Part of the iBC benefits package.
Dy-no-mite!
rage,
What’s going on with UYM? why is it down today, with SMN down 5%. shouldn’t UYM be up 5%? odd, no? UYM is lightly traded, could be part of the problem, but down 2% when the sector is up like 5%?
I bought this morning at $78.50, to hedge my SMN and MON short. not working the best, but working slightly.
it has been all over the place. you nailed the problem in your post– thinly traded.
actually, ETRADE is posting a wrong “previous close” number on my PowerPro ticker. according to yahoofinance, it is up 6%. Etrade has it down 2% for the day, dumbasses
we could have held RIMM for a little longer. good quick trade anyway though.
ETRADE = teh suck.
I’m sure the crashing stock price is a ‘slight’ demotivator for the code-monkeys.
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Also, I’m giddy as a schoolgirl over SEED.
get with thinkorswim.com
BTW, (SWIM) is up nicely today.
They look to be more expensive than Etrade for me. I’m going to stay for the time being. should Etrade shit the bed, i will look to move.
etrade sucks.
Jake, iBC machine is a prop. oscillator some of the wizards at iBC have been working on. It measures a variety of stock movements over different periods. It is unlike any other indicator, but similar to RSI in it’s ability to predict overbought/oversold conditions, Money Flow in that you can assess the amount of buy or sell interest over a given period.
The ultimate idea is that if a LT trend signals buy, and a ST trend signals buy, then that is a good time to be in the market.
In backtesting, it beats the market handily, though its best use is in determining market trend.
For instance, a LT signal trader made 3 round trip trades in 2007. That’s all. That garnered a 10% return vs. index 6.3%. And less volatility.
I haven’t finished testing all the shorter time frame signals. (Think day RSI vs. week RSI)
I allocated some of my capital to trade this method. I am using a levered vehicle (SSO for ex.), so I’d expect my returns using this strategy to be between 10-30%
It may be released someday, or not.
* I didn’t factor in the return if you took your cash during uninvested periods and put it in a high yield money market account. In 2007, you were in on 74% of the trading days, leaving 26% of the year in cash.
Which is what I will do.
Then you may get something like 11.5% return, almost double the market.
thinkorswim is supposed ‘match’ other broker’s rates, if you qualify (whatever that may mean). I don’t know how well that works, as I like their option pricing model.
Danny – like some combo of RSI/CMF/OBV?
Or maybe like this?
http://www.ilovehou.com/twonicknames/gifsite/1/feb03/hula5.gif
Achee farking wawa! You thought that Shittybank “emergency funding” was a bad deal?
Welcome to Thornburg junk converts!
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March 25 (Bloomberg) — Thornburg Mortgage Inc., the “jumbo” mortgage lender trying to stave off bankruptcy, rose by more than half after disclosing plans to raise $1.35 billion.
The rescue plan gives new investors debt that pays 18 percent and the chance to own a 90 percent stake, according to terms of the private placement outlined by Santa Fe, New Mexico-based Thornburg in a statement today. Thornburg is asking the New York Stock Exchange for permission to issue new securities without a shareholder vote because delay “would seriously jeopardize the financial viability of the company.”
Thornburg needs to raise almost $1 billion this week to meet margin calls from its bankers. The lender had tumbled 95 percent in 12 months as managers struggled to raise funds amid the worst housing market in a quarter of a century. With the deadline looming, Thornburg had to accept an interest rate about four percentage points higher than the lowest-rated companies.
“Thornburg has a tight time window and you have to take measures you normally wouldn’t employ,” said Keith Gumbinger, vice president of HSH Associates, a mortgage industry research firm in Pompton Plains, New Jersey. “An 18 percent yield attracts instant attention.”