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There were allegations that the branch manager was "mishandling" 40 of the accounts at the bank and the customers were worried about their savings
What me worry???
I'll second that- brings back great memories
It's the best
LOL
Don't forget though that the first year he won he shot a forty on the front nine I believe
I think the point here is that the PPT' sactions are magnified because they are so blatant and obvious. WHat they attempt to do is slow or stop the downside momentum. How do you do that best- by burning shorts. They have the fire power to leave big craters when they launch an assault and there puropse is aided by making well timed bold statements. They want to scare/hurt shorts and they have the tools to do so almost without limits- the limit being the tipping point when they have a controlling interest in 75% of the publicly traded compaines (joke). For people who don't follow the tape closely, the game goes unnoticed, but as the amount of program trading increases as a prercentage of trade, it weems as though joe 6 pack is gun shy due to the volatility and the length of the bear market. SO you have the PPT vs. the hedge funds. The PPT has the firepower, but there is a limit to their ammunition. Shock and awe, rather than sublety aids there purposes
Ivanhoe mines great drilling results today
IVHMF
I'll second that- great calls.
What do you use to screen for stocks in play?
thanks
eddy
Nice heads up on atyt
thanks
eddy
There was a rumor floating around that a large hedge fund was covering its position
Yes, the appeals judge ruled correctly on that to releive some of rambus' "payne"
Is it multiplexed??
Mlsoft:
Historical Charts Kinross Gold Corp. (KGC US): The gold producer's shares may double in less than a year, Business Week reported in its ``Inside Wall Street'' column. Kinross fell 21 cents
ML,
I think it's possible that a sub section of the PPT might be in play regarding the weakness in gold shares also. There has been a serious disconnect between the pog and the share prices. The market in those shares is so small that it would be an easy job to try and manipulate the prices to make them seem a less attractive alternative to the market as a whole. Look at the rgld story in barrons- complete hatchet job. I think they are trying to let the market come down slowly waiting for the super pump after the initial success in the war on iraq. They don't want gold shares seen as a good alternative. Or as you say, it could just be people are selling off the perceived war premium in shares.
You're not paranoid if they're really out to get ya
eddy
I think another telling aspect was that their communication sector chip demand is slowing also- it was their only growth area, even though it was lower margin than computer chips. There was increased demand for a while due to the new picture cell phones
eddy
It seems that the only ingredient missing for full acceptance of the need to disarm iraq by the rest of the worldis a smoking gun". It seems odd that if the vehicles transporting wmd's around are known about that one of them hasn't been seized by now. I could understand waiting till the required amount of troops are in the area before providing incontestable proof of the the existence of the wmd's.
Remember the Tonkin gulf situation where an incident that lead to escalation in vietnam was found to have been faked. It will be interesting in the next few days to see if the smoking gun does appear
eddy
Part of the strength in qlgc today could be due to end of month window dressing. They're propping up the sectors that did well this month. They're propping up semis also- nvls looks weak and should drop into the new month
eddy
Zeev,
A very interesting article on Newmonts hedge position that could impact other gold producers
http://www.mips1.net/MGGold.nsf/UNID/TWOD-5K55BK
eddy
Vxgn- Just wondering if the street reaction would have been any different if the trials had shown that it worked to 90% efficiency with whites and had only marginal impact with non whites.
It was a great trade off the smack down after it opened up again around 10:30
eddy
truckers were downgraded today- thesis being that they dropped after start of gulf war circa 1991
Zeev,
This debate is probably one of the central ethical questions of our time- no easy answers.
One aspect of the debate over when life actually begins is being overlooked in the discussion so far.
If it is true that life begins only after the first independent breath is drawn, there is something else to consider.
The vast majority of fetus' who are aborted would go on to take that first breath if it were not for the surgical intervention. That throws a different perspective on the first breath position. Even if that was regarded as valid, the fact that abortion takes aawy the strong possibility that the fetus would go on to take that fisr breath.
I take no dogmatic stand either way, I just wanted to bring up a relevant point
eddy
So, how does the day net out pump or drain?
thanks
They've got a big hurdle with the 19.5 billion in repos that are due today
Also, as should be expected, the Blix report won't change a thing. He did note that there did exist missles that were outside the proscribed guidelines. Sadaam issued an edict today outlwaing WMDs today- that is reminiscent of the proclamations by Arafat outlawing suicide bombings. Powell or another spokesperson will come out with statement later today sstating that it is obvious that Iraq will never disarm on its own
Fred Hager has his entire ira in RMBS. He was optimistic during all the trials and kept on painting a rosy picture of rmbs . I would take any opinions he provides with a large grain of salt
amat sales down 27% v 4q
Their only constraint in the immediate term is the amount of ink available for the printing presses
stock pump coordinated w/ gold dump- opportunities for fades of both moves??
I'll second Joes thoughts on the value of your input
thanks
eddy
fed pump today- 16 billion w/ nothing expiring
that's huge- something must be going on
Not sure of the point you're making.
Look at a 1 year chart of wal mart- does that look like a growth company to you??
The stock split and dividend announcement before the earnings report are an old trick to deflect attention and had exactly the effect you might expect.
Are you saying that in the current environment msft and wmt are good buys for price appreciation in the future?
eddy
"<VBSEG>"
lmao and joining you
eddy
MSFT ifficially not a growth stock now w/ dividend- why would people pay a high multiple for it? split is desperate
JOE
You'll want to read this regerding RRI
eddy
http://www.chron.com/cs/CDA/story.hts/business/1738716
love it
been in since around $1.50 after you banged the drum and took a look.
still can't believe the options have almost no time premium- may 2.50 almost no premium-
aug .25 premium
thanks
eddy
nice call
Joe , isn't it amazing that RRI calls are selling for almost no premium?
joe, i show them at 2.30/2.45
spot gold + 7.1 at hod
spot gold explosion now + 4.50 -dollar continues slide
Fed took no action today. There was an 8 billion overnight repo from yesterday that was due today, so this is a large net drain. Might bode ill for an afternoon rally
eddy