2018 Only Jesus Saves!!
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Todays message??...
OJ...taking us/cattle to the slaughter house?
http://finviz.com/futures.ashx
*** THE -GS FACTOR- ***
No. 3: Andy Krieger Vs. The Kiwi
In 1987, Andy Krieger, a 32-year-old currency trader at Bankers Trust, was carefully watching the currencies that were rallying against the dollar following the Black Monday crash. As investors and companies rushed out of the American dollar and into other currencies that had suffered less damage in the market crash, there were bound to be some currencies that would become fundamentally overvalued, creating a good opportunity for arbitrage. The currency Krieger targeted was the New Zealand dollar, also known as the kiwi.
Using the relatively new techniques afforded by options, Krieger took up a short position against the kiwi worth hundreds of millions. In fact, his sell orders were said to exceed the money supply of New Zealand. The kiwi dropped sharply as the selling pressure combined with the lack of currency in circulation. It yo-yoed between a 3% and 5% loss while Krieger made millions for his employers.
One part of the legend recounts a worried New Zealand government official calling up Krieger's bosses and threatening Bankers Trust to try to get Krieger out of the kiwi. Krieger later left Bankers Trust to go work for George Soros. (For more on how this works, see Trading The Odds With Arbitrage.)
No. 2: Stanley Druckenmiller Bets on the Mark - Twice
Stanley Druckenmiller made millions by making two long bets in the same currency while working as a trader for George Soros' Quantum Fund.
Druckenmiller's first bet came when the Berlin Wall fell. The perceived difficulties of reunification between East and West Germany had depressed the German mark to a level that Druckenmiller thought extreme. He initially put a multimillion-dollar bet on a future rally until Soros told him to increase his purchase to 2 billion German marks. Things played out according to plan and the long position came to be worth millions of dollars, helping push the returns of the Quantum Fund over 60%.
Possibly due to the success of his first bet, Druckenmiller also made the German mark an integral part of the greatest currency trade in history. A few years later, while Soros was busy breaking the Bank of England, Druckenmiller was going long in the mark on the assumption that the fallout from his boss's bet would drop the British pound against the mark. Druckenmiller was confident that he and Soros were right and showed this by buying British stocks. He believed that Britain would have to slash lending rates, thus stimulating business, and that the cheaper pound would actually mean more exports compared to European rivals. Following this same thinking, Druckenmiller bought German bonds on the expectation that investors would move to bonds as German stocks showed less growth than the British. It was a very complete trade that added considerably to the profits of Soros' main bet against the pound. (Read more about currency devaluation in What Causes A Currency Crisis?)
No. 1: George Soros Vs. The British Pound
The British pound shadowed the German mark leading up to the 1990s even though the two countries were very different economically. Germany was the stronger country despite lingering difficulties from reunification, but Britain wanted to keep the value of the pound above 2.7 marks. Attempts to keep to this standard left Britain with high interest rates and equally high inflation, but it demanded a fixed rate of 2.7 marks to a pound as a condition of entering the European Exchange Rate Mechanism (ERM). (Learn more about why some countries peg their rates in Floating And Fixed Exchange Rates.)
Many speculators, George Soros chief among them, wondered how long fixed exchange rates could fight market forces, and they began to take up short positions against the pound. Soros borrowed heavily to bet more on a drop in the pound. Britain raised its interest rates to double digits to try to attract investors. The government was hoping to alleviate the selling pressure by creating more buying pressure.
Paying out interest costs money, however, and the British government realized that it would lose billions trying to artificially prop up the pound. It withdrew from the ERM and the value of the pound plummeted against the mark. Soros made at least $1 billion off this one trade. For the British government's part, the devaluation of the pound actually helped, as it forced the excess interest and inflation out of the economy, making it an ideal environment for businesses.
A Thankless Job
Any discussion around the top currency trades always revolves around George Soros, because many of these traders have a connection to him and his Quantum Fund. After retiring from active management of his funds to focus on philanthropy, Soros made comments about currency trading that were seen as expressing regret that he made his fortune attacking currencies. It was an odd change for Soros who, like many traders, made money by removing pricing inefficiencies from the market. Britain did lose money because of Soros and he did force the country to swallow the bitter pill of withdrawing from the ERM, but many people also see these drawbacks to the trade as necessary steps that helped Britain emerge stronger. If there hadn't been a drop in the pound, Britain's economic problems may have dragged on as politicians kept trying to tweak the ERM. (For related reading, see Working Through The Efficient Market Hypothesis.)
Conclusion
A country can benefit from a weak currency as much as from a strong one. With a weak currency, the domestic products and assets become cheaper to international buyers and exports increase. In the same way, domestic sales increase as foreign products go up in price due to the higher cost of importing. There were very likely many people in Britain and New Zealand who were pleased when speculators brought down the overvalued currencies. Of course, there were also importers and others who were understandably upset. A currency speculator makes money by forcing a country to face realities it would rather not face. Although it's a dirty job, someone has to do it.
You can learn more about the basics of this market at Common Questions About Currency Trading and Top 8 Most Tradeable Currencies.
by Andrew Beattie
Read more: http://www.investopedia.com/articles/forex/08/greatest-currency-trades.asp?partner=fxweekly10#ixzz1cOC4NDTu
Thanx, hold down the fort! lol. -V. *^]-
Hi upb,jimmybob... $silver update
Been busy working on a new Youtube channel.
Would be awesome to hit around 1000 bm on OptionMillionaires, make a great Christmas ehh?! lol
Lead on jimmybob!
youtube: 1 marine versus 30 cops marine wins
very inspiring!
GE lod...if ya cant beat em join em on the slope, lol
Gonna be lights out
or
an earrly Christmas!
lol
may have called the top when I said the market
was turning over at 11774 and this at the time.
100 million volume should equal a dollar move nearly imo
up/down.
GE sees earnings up 11 percent in Q3
18 minutes ago - Xinhua
General Electric Co. (GE) on Friday reported 3.4 billion U.S. dollars in third-quarter operating earnings, 11 percent up on the same period last year. It was the sixth consecutive quarter of double-digit growth, the company said in a financial report.
whats the market dislexickkk
GE working on trying to forming the 16.40-16.50 base
imo.
Wondering if 11774 was the high or we break that..
GE people watching NOW
GE would love to $17.25 with this kind of volume
imo.
GE 95% volume in 95 minutes, basing strong imo
Keep on watch for volume surge break out to
the UP SIDE.
GE BigBlocks moviiiiin higggher
wow congrats!
GE trying to break out
GE BigBlocks moving waaay oversold RSI 19
Look for zoom up with bigger blocks
60% volume in 35 minutes already
Basing imo. On watch closely.
GE 10 BAGGER potential cheapy lotto imo
-90%
.01 x.02 $17
2 weeks back was the 63 (s) bagger
GE $17 .01x.02 =)
Earnings BEFORE open...so you can look for oversold/overbought conditions early on the open:
Before the Open this morning
GNC Holdings Inc (GNC) Q3 2011 - 10:00 AM ET $0.36
Air Products & Chemicals, Inc. (APD) Q4 2011 6:00 AM ET 10:00 AM ET $1.51
Kinetic Concepts Inc (KCI) Q3 2011 6:00 AM ET - $1.31
Schlumberger Ltd. (SLB) Q3 2011 6:00 AM ET 9:00 AM ET $1.01
Viad Corp (VVI) Q3 2011 6:00 AM ET - $0.12
Prosperity Bancshares, Inc. (PRSP) Q3 2011 6:00 AM ET 10:30 AM ET $0.76
A.O. Smith Corp. (AOS) Q3 2011 6:30 AM ET 10:00 AM ET $0.46
General Electric Co. (GE) Q3 2011 6:30 AM ET 8:30 AM ET $0.31
SunTrust Banks, Inc. (STI) Q3 2011 6:30 AM ET 8:00 AM ET $0.35
Precision Drilling Corp. (PDS) Q3 2011 6:40 AM ET 2:00 PM ET $0.18
Dover Corp. (DOV) Q3 2011 7:00 AM ET 10:30 AM ET $1.12
Honeywell International, Inc. (HON) Q3 2011 7:00 AM ET 9:30 AM ET $0.99
IDEXX Laboratories, Inc. (IDXX) Q3 2011 7:00 AM ET 9:00 AM ET $0.64
Verizon Communications (VZ) Q3 2011 7:25 AM ET 8:30 AM ET $0.56
Harman International (HAR) Q1 2012 7:30 AM ET 11:00 AM ET $0.50
Manpower, Inc. (MAN) Q3 2011 7:30 AM ET 8:30 AM ET $0.95
MGIC Investment Corp. (MTG) Q3 2011 7:40 AM ET 10:00 AM ET ($0.80)
McDonalds Corp. (MCD) Q3 2011 8:00 AM ET 11:00 AM ET $1.43
Sensient Technologies Corp. (SXT) Q4 2011 8:00 AM ET 11:00 AM ET $0.56
Rediff.com India Limited (REDF) - 8:10 AM ET 8:30 AM ET -
Kansas City Southern (KSU) Q3 2011 8:15 AM ET 8:45 AM ET $0.75
United Financial Bancorp Inc. (UBNK) Q3 2011 8:15 AM ET - $0.18
McClatchy Co. (THE) (MNI) Q3 2011 8:20 AM ET 12:00 PM ET $0.04
YRC Worldwide Inc (YRCW) Q3 2011 8:30 AM ET - ($0.39)
First Capital Bancorp Inc. (FCVA) Q3 2011 9:15 AM ET - ($0.10)
COMMERCEFIRST BANCORP INC (CMFB) - - - -
Synalloy Corp. (SYNL) Q3 2011 - - $0.36
Metals USA Holdings Corp (MUSA) Q4 2011 - 10:00 AM ET $0.29
YA... I sold my GMCR puts...umm, a bit early lol
Yep.
V. *^]-
SLV 28 ...hmmm
..volatility..
In conjunction with its listing on the NYSE, Level 3 implemented a 1-for-15 reverse stock split of its common stock, which took effect at 5 p.m. EDT on Oct. 19, 2011. The reverse stock split automatically combined every 15 shares of issued and outstanding Level 3 common stock into one (1) share of Level 3 common stock without any change in the par value per share.
Well said.
LVLT P
USUALLY...When bigboard stocks are treated as pennies and... the imfamous REVERSE SPLIT- They react just like a pinky
IRE... Just dropped 30-40% from the same thing a few days ago.
Level 3 Completes Transfer of Common Stock Listing to NYSE
2 hours 27 minutes ago - PR Newswire
nov 22.5 (.25)p[/CHART]http://stockcharts.com/c-sc/sc?chart=LVLT,uu[800,a]waclyyay[pb40!f][vc60][iue6,12,9!lj[$spx]][/CHART]
[/CHART]http://stockcharts.com/c-sc/sc?chart=ire,uu[800,a]waclyyay[pb40!f][vc60][iue6,12,9!lj[$spx]][/CHART]
Awesome video!
hats off to jimmybob you gave us a 1000 percent gainer!
Tuesday, October 18, 2011
End of Days; Apple (AAPL) Misses Estimates
Posted by Mark at 4:33 PM TweetThis
Apple has beaten estimates 30 quarters in a row. So this number is a shocker: $7.05 vs $7.28 estimate. More shocked, they missed on the top line - $28.3B vs $29.45B.
Stock is down $25 as I write this, or about 6%.
In a George Costanza moment, this company which is infamous for low balling guidance actually is guiding over consensus for next quarter: $9.30 EPS vs analysts $8.98 (Revenue $37B v $36.6B).
Again this is all about expectation - for a company of this size, such growth is simply jaw dropping. Margins expanded nicely year over year, revenue and EPS growth year over year (for a company this size) awesome, and international sales now almost 2/3rds of sales.
Based on the metrics, the iPhone sales were the big issue. CFO blames pervasive rumors of iPhone5 keeping customers from purchasing, but says the 4S response has been "off the charts."(per Seeking Alpha)
Full report here.
The Company posted quarterly revenue of $28.27 billion and quarterly net profit of $6.62 billion, or $7.05 per diluted share. These results compare to revenue of $20.34 billion and net quarterly profit of $4.31 billion, or $4.64 per diluted share, in the year-ago quarter. Gross margin was 40.3 percent compared to 36.9 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter’s revenue.
iPhone 4 shipments 17.07 million up 21% year/year. (some estimates of 20M here, could be people waiting for 4S)
iPad shipments 11.1 million up 166% year/year. (this one appears to have come in a bit light)
iPod sales were 6.62 million, down 27% year/year
Mac shipments were 4.89 million up 26% year/year
Is why my posts were about- strangles.
ya never know is this cyber world.
re
The true colors of Anonymous
Lol.. Great word for Cyber-World.
(possessed would fit in also, re Polar)
Moverz:
[/chart]http://stockcharts.com/freecharts/candleglance.html?PTI%2CMTH%2CTOL%2CKOG%2CDHI%2CRYL%2CAKS%2CBRO%2CMBI%2CLEN[/chart]
[/chart]http://stockcharts.com/freecharts/candleglance.html?HALO%2CPENX%2CCHUX%2CCMFB%2CWAYN%2CTOFC%2CFELE%2CJCTCF%2CDBLE%2CHGSI[/chart]
[/chart]http://stockcharts.com/freecharts/candleglance.html?CROX%2CAPEI%2CCYOU%2CRIVR%2CUSBI%2CTESS%2CJAZZ%2CHOOK%2CREGN%2CTRNS[/chart]
AAPL premiums actually..deflated right b4 earnings...
Good STRANGLE opportunity.
CROX- MASSIVE VOLUME ALERT <<<
CROX $17.38 break of open could be very bullish.
SLV P doing great, looking for more.