Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Very Nice pix...all steel and I note the big steel playres are breaking out today as well... see X.
Yes. I have been very wrong and not give enought credence to the power the goons wield!
I figured they to run out of ammuninition by now.
But I can't go long here, so I will do nothing and see how much farther they can push it. I just don't trust them to be successful in their plan. I think it is only a matter of time, myself.
Look at all the divergences to price, dang near every indicator you can think of, MACD, RSI, Volume, CCI, money flow...
be they goons?
Eerie is right. I think its the goons doin it, but I don't know how prove it and if you say its the goons people just think you are a crazy conspirator. But you know its the goons. They got them goons in the powerful positions and they give them the ammo.
I just do nothin for awhile.
Conspiracy or ridiculous coincidence or proof that buy and hold is a con:
Dow close September 10, 2001 (there was no closing price on 9/11)
9065.51
Dow Close September 11, 2009 : 9065.41
I don't think the bears will get the ball rolling unless they can push 3-4 solid down days together. We've had some 2% down days, but the dip buyers flood in the next day and it's over. No fear created. All the down days are producing is excitement for the opportunity to buy. If the bears are going to show something we need to see people becoming afraid to buy and that is clearly not happening.
I wouldn't buy options on this etf. Just looking for it too bounce. The etn is based on options volatility however.
I should probably just go away for a few days and stop looking for bizzaro maneuvers like this
Hey Mr Prophet? Do you see any redeeming possibility to trade volatility with VXX?
I have watched that thing tank since it was launched. However, have noticed when it trades below the bollinger band, it will bounce the next couple days. Obvioulsy this is a one or two day hold max. But if correct, could be a decent shot. eh?
Yes of course that is how it shall work!
I do think that it may be difficult to get past 1050, which is why I can't buy into this goon fed orgy.
Maybe worst time...but I am out of all short positions. Tired of watching market go up every day. But also not convinced enough to go long.
Will sit and observe and considr that to be most profitable position for time being.
Only to consider going back on shorts at SP below 1000.
o(o - limp wiener and balls pattern killing me.
Hosed on these calls... I will hold for another day to see if recoup any...shit. bad timing.
Bearishness simply nto pay right now.
Solar stokcks are pooshin it. (see news from FSLR)
I sold 4 SPG 62.5 calls today right at close for 1.5.
chickened out on the 60's, although I could have sold them for almost twice as much!
I jsut can't see that thing crackin 65 in the next 2 weeks. Shat mongrel...retail sales are still in the toilet; unemp is rising. Who the H is going to hit the malls for early Christmas shopping this year? we all waiting at home for the pink slip!
Most of they malls are ones built in 2003 or later, so they gots to be gettin hosed by them vacancies.
Yes. If it can get over $1000 it would seem to run on its own. This is 5th attempt at that level.
Is this a gold breakout?
I keep thinking DEFLATION is the event. But gold busting up says INFLATION.
I am shorting long treasury...for the time being. I am not touching gold long or short for awhile.
When government fails the solution is ALWAYS two things A) Get Bigger and B)Need more money.
That is the point.
At least my understanding is that there had been issues raised about Madoff for years and no one bothered to dig deep enough to find it. Of course, it wasn't in anyones interest to do so. If you are on the govt payroll, why create work for yourself? If you catch the guy, you have to spend hours and hours working to prove your case. If you don't catch the guy, it was because you didn't have the resources to do so.
Yes, I am jealous because I don't have a government job....YET!
A lesson in Government largesse:
http://finance.yahoo.com/news/Schumer-Change-SEC-funding-apf-1812708567.html?x=0&sec=topStories&pos=main&asset=&ccode=
Schumer to SEC: "You guys did such a shitty job and missed the most obvious, giant freakin ponzi scheme in world history, even after you had the whole thing handed to you on a silver platter"
"Now here's a RAISE, go back to work, and ignore any insider trading I might be doing in the future" See you down at the Spa later this evening, boys!"
A history lesson:
This data taken from Robert Shiller, so I trust it to be accurate.
P/E ratio in January 1920 was 5.98. By Sept 1929 it had expanded to 32.
P/E Ratio in January 1980 was 8.85. By January 2000 it had expanded to 42.
In June 2009, (operating earnings) P/E was 25.58. (As reported earnings) P/E was 134.
Silly wabbit trix are for kids. And that is about all P/E ratios are worth to the investing publix anymore. We don't know what we are paying for or what it worth. We just buy because some boob-goon on TV says stocks are cheap. But we don't know relative to what? Yes stock cheap compared to Oct 2007. But is that a valid reference point to rely on?
the Cactus Juise is up nice today. I like it! But I only got a little.
Did the Chinle market really pop? I can't believe I am looking at China with bullish eye now. Anyway, YGE has good support at 10 or so (200 dayema)?. Perhaps enought to buy here for a retry at that double top? Or you all thik solar is burned toast and yesterdays news. I saw a negative artickle in WSJ about solar today, but maybe it only come out at short bottom.
Don't get me worng I am still a long term bear...but I got to open my eyes sometime and can't stay in this damn hibernation I been in for 3 months now. I got to some freakn berries to chew on somehow.
Pooshers to all!
the Cactus Juise is up nice today. I like it! But I only got a little.
Did the Chinle market really pop? I can't believe I am looking at China with bullish eye now. Anyway, YGE has good support at 10 or so (200 dayema)?. Perhaps enought to buy here for a retry at that double top? Or you all thik solar is burned toast and yesterdays news. I saw a negative artickle in WSJ about solar today, but maybe it only come out at short bottom.
Don't get me worng I am still a long term bear...but I got to open my eyes sometime and can't stay in this damn hibernation I been in for 3 months now. I got to some freakn berries to chew on somehow.
Pooshers to all!
Opinions on BEXP? if you got any?
you abandon me prophet! Yes the goons will make a bounce, but the fish fry will be coming. Don't hesitate to lay your shorts back on. I ahve to say I have a much harder time using the levered shorts. I stick to the unlevered and have had better luck. Albeit, I've still been wrong!!!! hahhaahahahaha. I going insane.
When yuo have time, and if it interests you, give me your opinion on these big reits? I really think of selling some calls on them. I think they are over-priced. I'm thinking of selling the Sept 60's on the SPG. Right now I could get about 2.4 for them. So my downside risk is to $62.4 for 11 trading days. I don't think SPG go to run much more, and I don't think it can get over 65 even if the goons go bananas.
If I see SPG at 60 today or tomoorow I think to definitely sell a few. I jsut dont think them goons will keep it going for the next few weeks. I think they done for awhile. now they let it drop a little like you say to 9000, then they pump it again.
You got any other ideas you like now, long or shorty?
thank you, that worked...
Where can you get a chart of 1937 - 1942? Like to see what you talkin bout.
Real Est? Can someone give me they read on real estate? I see it as a good shorty candidate. I look at SPG and it looks bloated to me. Failing right at the 200 weekly and look at that volume plunge during the run-up? I think it goo for a 25% haircut in a downdraft. What you all think?
What gonna need to happen is that it runs down a little, sucks some more in, maybe it need to do this a couple more times. keep sucking them in. You see, even now they try to goose it at the close. It was all set to put a 200+ down in, and the goons goose it in the last 5 mins. You see? then they roll it up tomorrow. That keeps the crowd in the game every little dip. The goons work it with little triggers, so's that the stoopid will do the heavy liftin for em.
See they a lot of people, even pro's who sat this rally out. They are now part of the stoopid because of it. So they know they got to show themselves to be gettin in the game. How you go to yer boss and tell him you been sleepin through the biggest rally since 1932? You got no choice, you got to go in. You got to show you playin in the game. And if you get a dip like this, you take it and get you some piece of the action. Til one day, she all dried up and thats when she finally go down on you.
Yes. I have been short all three indexes, I pulled down 1/2 my exposure, when it looked like the SP was going to 1050, maybe even 1100.
I think my game plan to be is stay short heavy below 1000 as it could tumble big at any time. But just stick to 1/2 or less short allocation above 1000. Beacause the goons are just too thick.
What you think to that idea?
I don't know man. It seems like the powers that be are demading it not be permitted go down too much, and the goons will probably come in and buy up tomorrow to keep the "buy every little dip" crowd frothing at the mouth.
I mean in my mind this bloat shuold be rolling down 250, 300 points today. Who is stepping to buy it everytime it wants to crack psychological levels? GOONS, that's who! Govt GOONs. STOOLIES. They got they phones open.
Bulls need 1000 to hold. Below that, be shorty man.
somebody call 911...shawty fire burnin on the dance floor whoaa.
When do we go in with guns blazing on the short side? I am now thinking time to lay them back heavy? Eh? Double short financials?
If we bears are correct where the money run? It ran into the shit, so one would assume it will not want to stay there? yes? no?
talk to me Mr. Prophet, I need some PROFIT!
I patiently wait for this outcome.
Anyone like chart of TTWO ahead of earnings?
I notice it move about the 200 for 1st time since 2008
time to face the fax.
The market, she don't want to go down. If she don't want to go down, you ain't going to make her, just because you a pretty boy.
Just all part of the massive deflation wave. My income is slashed to the bone also. So much I am looking for a new career.
I applied to the LAPD dept. Pay is good, albeit slightly dangerous. But if it gets as bad as I think it will, best to have a state job. Oh wait, I live in Calif which means I would get paid in worthless script or IOU's.
Prophet, what do you make of this article?
http://finance.yahoo.com/news/Investors-trading-3-stocks-apf-3151182490.html?x=0&sec=topStories&pos=1&asset=&ccode=
Do you think this sums up this summer rally? Is this the rally of the "stoopid"? Blind leading the blind? I don't understand it. Thanks to the 1:20 reverse split on AIG, how many dolts out there believe that bucket shop went from 89 cents to $48?!?
reality is its at $2.40, pre-split. Retardation is back in vogue in stocks.
Yes indeed. Agree with that. Unfortunately, the home I stay in is not my own, the bank owns about 90% of it. At one time the bank only owned about 65% of it! So I have no choice but to come out of it to try and earn some scratch.
Who is lentinman and what does he predict?
I don't think people have come to grips with the massive lifestyle change that is going to beset this country. This is no longer the country of the victors of World War II, to whom the spoils of war went. We are now way too overleveraged as a nation and using the hair of the dog that bit us to dig our way out is just not good science.
What do you think Mr. Prophet? Are we finanlly going to see this market go in the right direction for us realists? and market antagonists? If it ever gets rolling, I got to rebuild my shorts. You tell me when you think she's a goin to.
What are you talking about, somebody supposedly left a few perfectly good golf balls up there!
Here's another little tidbit of news to ponder:
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7CC61ZsieV4
Ok, I admit, I must be like those freaks that wander the desert in search of Aliens on military bases. "THE TRUTH IS OUT THERE".
Really, how much do we know with what is really being done. Is it all a giant financial smokescreen now? Everyone is technically insolvent except for the printed paper of a worthless IOU stamped by the US Taxpayor.
I also think the moon landings were faked. If they weren't WHY the HELL haven't we gone back?!?!?!
Check out this video clip:
First, I love that it looks like this guy got up off his couch to come in for the interview. More seriously, this is exactly my sentiment. "the market seems broken".
http://finance.yahoo.com/tech-ticker/article/311080/%22Market-Seems-Broken%22-After-Monster-Rally-Lindzon-Says?tickers=%5Egspc,%5Edji,ung,FNM,c,gs,cof&sec=topStories&pos=9&asset=&ccode=