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Hey dog... just like Canada weeeeeeeee, one big azz happy broke family...
yeah sort of does.. but in the case of LEH they went under so wouldnt u not want the shares anyway if u had puts... ??? wonder if u were short the stock how that turnned out
Quick question for everyone... when LEH went under Put holders and stock shorter??? how did it work.. isint the idea of a put for the stock to go down and u excercise and theh sell on the market??? since the company went belly up dont u not want those shares? as they have no value?? so longs and shorts both lose in that situation?? just something that was on my mind
Happy Holidays everyone!!!!!
u guys going to be on skype later on gimme a call and ill get on with u....
ok taking off.... have a good one all.... how many lots are u guys using by the way...... kinda forgot here if i want to play with 1k of my cash that is how many lots?
damn just missed a good entry on usd/gbp.... thats why they call it a practice account... how much did u guys fund em with... just wondering how u avoid getting stopped out cause of margin....
sure, have to be in the day for me tho mon thru thursday friday ive got the entire day.....
trading with 4x.com?
me not soo great, prodigy is killing me they have been restructuring and what not, so its been about 2 months of back and forth problems with them so havent been trading much and now im just waiting on them to wire my money out and have been for the past 2 weeks... hows it going for u?
hey cv como estas, see ur trading again... good for u... GL
global recession, yikes...... some things are looking good tho V is getting near its ipo price ma cheap too ipi lower then ipo.... fcx , u got a long on it calls>????
I was actually supprised to see usb at 34 something the day after they didnt approve the bill. just thinking need to find something to go long since i cant go short on damn financials again until at least the 17th of oct now..... tisk tisk how do u feel about commodites? maybe a comeback there, i was thinking x could work....
doesnt sound too good.. lol
hey marc, what do u think of going long some financials (the better ones) once/if they approve the bailout bill?
u been trading with prodigy ??? they blocked me out of my account, and are returning a wire i sent them.... talked to someone there yesterday they say they are doing some restructuring...... so now i have to go back and fund zecco again....
good, cause that would be BS if we couldnt short financials anymore....... who wants to bet the market goes red today or at least comes down from here.... lol
Any idea how long we are not allowed to short financials ?? is it just a temp type thing??? or did i just hear wrong? remember it was a week or so back after the leh thing...
hey marc hows it going playing some 4x???
Wall Street Meltdown: Lehman Files for Record Bankruptcy, Merrill Lynch Is Sold, AIG Seeks Capital- AP
When Wall Street woke up Monday morning, two more of its storied firms had fallen. Lehman Brothers, burdened by $60 billion in soured real-estate holdings, said it is filing for Chapter 11 bankruptcy after attempts to rescue the 158-year-old firm failed. Bank of America Corp. said it is snapping up Merrill Lynch & Co. Inc. in a $50 billion all-stock transaction. And the world's largest insurance company, American International Group Inc., was forced into a restructuring as it sought a lifeline from the Federal Reserve.... » read more
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* Stock futures plummet on Lehman, Merrill, AIG news- AP
* World stock markets sink on Wall Street crisis- AP
* Fed moves to deal with financial crisis- AP
* Lehman and Merrill to pound already bloody job market- Reuters
cool yeah i actually have to go to work, but congrats!!!
FRE 70% down..... Very VERY nice for those short it.... :)
Anyone short those from last week probably pretty happy right now but they are going up quick so time to cover imo.... :)
fre and fnm dying....
AP
US stock futures surge on plan for mortgage giants
Monday September 8, 9:14 am ET
By Tim Paradis, AP Business Writer
US stock futures point to huge rally following government bailout of Fannie Mae, Freddie Mac
NEW YORK (AP) -- U.S. stock futures pointed to a huge rally Monday as investors rushed to lay bets on a broad economic recovery following the weekend announcement that the U.S. government plans to bail out mortgage lenders Fannie Mae and Freddie Mac. Stock futures jumped more than 2 percent.
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Meanwhile, bond prices fell sharply as emboldened investors looked for riskier but higher-yielding bets.
The announcement Sunday that the Treasury Department was seizing control of the companies, which own or back about half the nation's mortgage debt, brushed aside investors' persistent worries that the companies would be felled by a spike in bad mortgage debt.
The plan to inject up to $100 billion in each of the government-chartered mortgage giants could not only help lower mortgage rates but, some investors are hoping, buoy the overall economy. The plan could help banks feel more open to write new mortgages and to refinance existing mortgages at lower rates, offering a possible lifeline to consumers struggling with increasing payments.
The government's steadying hand for two institutions that many Wall Street observers had said were simply too big to let fail still might not alleviate troubles of some homeowners who have fallen behind on their mortgages.
Dave Rovelli, managing director of U.S. equity trading at Canaccord Adams in New York, said while the plan boosts confidence in sectors like financials and home builders, it doesn't immediately alleviate worries about other areas of the economy. Still, he said the move was far preferable to a collapse of Fannie Mae or Freddie Mac.
"It saves from Armageddon from happening," he said. "If you think about it this helps the financials, this helps the housing market. Tech took a huge hit last week. Does this really affect tech? I don't think so."
Dow Jones industrial average futures surged 263, or 2.34 percent, to 11,490. Standard & Poor's 500 index futures rose 39.30, or 3.17 percent, to 1,280.40. And Nasdaq composite index futures rose 39.25, or 2.22 percent, to 1,809.25. Stocks finished last week with steep losses amid worries about the overall economy and the financial sector.
Bond prices pulled back sharply Monday. The yield on the benchmark 10-year Treasury note, which moves opposite its price, jumped to 3.78 percent from 3.69 percent late Friday. The dollar was higher against other major currencies, while gold prices rose.
The U.S. government's plan touched off a global stock rally Monday even though common shareholders of the stock of Fannie Man and Freddie Mac will be virtually wiped out by the plan, which would balloon the shares of companies to give a nearly 80 percent stake to the government. The companies' shares had already logged huge declines in the last year so many shareholders have already endured the majority of their losses.
But foreign investors holding debt of the companies were relieved as were investors simply looking for stronger growth from the U.S. economy, particularly as many economies abroad give off signs they are slowing. Japan's Nikkei stock average jumped 3.4 percent and Hong Kong's Hang Seng index surged 4.3 percent. In afternoon trading, Britain's FTSE 100 jumped 3.81 percent, Germany's DAX index rose 3.50 percent, and France's CAC-40 surged 4.44 percent.
Investors appeared to look past a rise in oil, which logged steep declines last week as investors worried that a slowing global economy would hurt demand. Light, sweet crude rose $2.67 to $108.90 in premarket electronic trading on the New York Mercantile Exchange.
In corporate news, Washington Mutual Inc. said it has removed Kerry Killinger from the chief executive spot. The savings and loan is working to overhaul its business, which has been hurt by bad mortgage debt. Alan H. Fishman is replacing Killinger.
Altria Group Inc. announced it will buy UST, the maker of Skoal and Copenhagen smokeless tobacco, for nearly $10 billion. The maker of Marlboro cigarettes said it will pay $69.50 per share. UST shares jumped Friday to finish at $67.55 following a report of the deal.
New York Stock Exchange: http://www.nyse.com
Nasdaq Stock Market: http://www.nasdaq.com
were u good for u.... i know i was really expecting oil to skyrocket off that damn Gustav
thats the thing, freeking oil and airlines have been volitile as hell, cal was 6 bucks a few weeks ago now closing in on 20 lol give me a break, hard to stay long or short for any extended period of time on those.....
Thanks.... although with uso down 6% premarket it would seem as though going long is a better idea on the airlines... lol DAMN!!!
how much are pre-market trades on prodigy??? im going to short the crap out of UAUA and CAL weeeeeeeeeeeeeeeeeeeeeeeeeee
DO YOUR OWN DD EVERYTHING IS IMO
Looks like the ceo of umng stole all the money and off he rides!!!!!
Marshmallow Fluff!!! Marshmallow Fluff!!!
Ok now my azz is off to work.... ill cyall later....
yeah.... been flipping the crap out of CAL,LEH,DRYS and a few others..... tso as well
ur right..... anyone going long fins here deserves whats coming to em.... although at some point people are expecting the worst, so imo thats why we are getting these huge moves in the fins, people are expecting sooooooooooooooooooooooooooooooooooooo bad that a 50% decline in profits doesnt suprise anymore,,, sad sad sad thing.... lol
i smell money tooo, followed u on over here, :) got to run for now but will be watching...
working..... doing stuff, taking up all my time... sucks... but im going to be trading more come august.... how u doing....
DO YOUR OWN DD EVERYTHING IS IMO
Looks like the ceo of umng stole all the money and off he rides!!!!!
Marshmallow Fluff!!! Marshmallow Fluff!!!
should have shorted cof, what was it 60 bucks when we first wanted to short... .... lol havent been around much, busy at stupid work..... hope shizzzz is going well....... going to be around more in aug....
DO YOUR OWN DD EVERYTHING IS IMO
Looks like the ceo of umng stole all the money and off he rides!!!!!
Marshmallow Fluff!!! Marshmallow Fluff!!!
Thanks marc....
Or anyone with their number, lol... id appreciate it...
hey dog u got the number for prodigy trading? I cant find it.........
alright taking off have a good one all
i would get long usb here... imo