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short aud/us @ 84.95...lookin for the usual 25-30.
I had an aud/us long box that hit w/8 mins left....lol
All 3 of my boxes have hit thus far....made me a total $126.70. 1st one was .47 cents...lol #2 was $13 & change & this last Aud that hit was a net profit of $113...pretty fun....when they hit of course. ;)~
Thx Mugur....will def keep at it w/the boxes....
& w/re to the cAt...I was actually reffering to the poster 'Ataglance'...who is also known 'round these parts as the cAt....you & he would no doubt get along well....lol
Tho it's nice jus da same ta have another cAt here in Ataglance's absence.
if ya go back over a mos or 2 you will find all his posts....& find that he's quite the currecny Sage.
Here's his site that everyone should have bookmarked if they are serious about trading 4x.
http://www.theforexclub.us/index.html
yes, for the most part...
u r good until the ol margin call....but of course it's always wise to not even get remotely close to that...unelss of course it's $$$ u wanna toss out the window....& if that's the case, you can usually add to your position that's under water & most of the time it tends to come back for ya.
Tho u r askin a real loaded ? & u jus may be opeing up Pandora's Box here :0
box pay....47 cents....
for a $30 option...of sorts....lol
OK....guess I gotta play 'round w/it more.
& as far as Sbux goes....been a regular for several yrs now....think I still have me some shares too...that are well under water of course these days....anyway....
Venti Soy Marble Mocha Machiatto...4 shots usually....5 shots for the rough AM's :0
If u r a chocaholic like myself u will enjoy this one....but note,not many Barista's are very familiar w/this one....it's an old drink they used to have on the main menu but took it down a few yrs ago....but ever since I made the switch from the Soy Carmel Machiatto's I've never gone back.
So if the Barista hasn't a clue....it's the White Choc Syrup....& then a dark choc syrup sauce stitch over the top...then use whatever base ya want....milk or soy....& of course don't forget the all important shot(s) ;)~
I'm good for at least 2 a week....sometimes 3.
Enjoy & Cheers!!
PS
The petitte vanilla scones aren't bad either if u wanna snack along w/the drink.
Ya know Mugur I've been meaning ta try out the boxes ta see what they're all about...thx for the reminder. Indeed it kinda looks like 4x on training wheels.
I just put a demo box in on the euro/us....a very conservative one at that...always want my 1st experience ta be a winner....hehe
It appears as if most, if not all the leverage is removed....I put in a $30 box & if it hits it's worth $30.45...does this mean I'll only net .45 cents or the full $30.45?
Me thinks it's the 45 cents & if so it looks like an expensive way ta go w/these boxes...I'll keep toyin around w/em...thx again for the reminder...always like lookin for new stuff ta learn...I'm beg ta get a lil bored w/where I'm now at in my 4x educational process. Speakin of which.....where is that cAt?
Willumstad..a breath of fresh CEO air....
Reuters
AIG's ex-CEO refuses $22 million severance payout: report
Monday September 22, 6:23 am ET
Reuters) - American International Group Inc's (NYSE:AIG - News) former Chief Executive Robert Willumstad has rejected a $22 million severance payment, the Wall Street Journal reported, citing a person familiar with the decision.
& here's the full piece...which aint much longer......
http://biz.yahoo.com/rb/080922/financial_aig_willumstad.html
but what happend to the venture? is that 86'd now?
maybe u should change the handle to 8686? lol
Be sure ta stop by & say hi when ya make your 4x return.
Cheers!!
yeah....noticed part deux was comin out the other day when I hit the site ta see wuz up...will def keep it on the radar...maybe they'll even add a few mins of added commentary of the events of the past few weeks?
Betcha it's been gettin lots more hits as of late.
Indeed...the world is now in the midst of the mother of all re-handicappin's....& now back to the game ;)~
gee go figure.....now that the powers that be have an even bigger stake in the game...all of the sudden we can't short....tphhfftt!!!
I highly rec Zeitgeist for any who've yet to see it yet.....VERY compelling chit no doubt.
Def worth 2 hrs of your time....information is power.....would love to drop vhs & dvd copies of it out of a helocopter. ;)~
is it time ta finally say RIP to capitalism? NEVER....lol
Hmmm....29-87-08.....
wonder what those fibs are? lol
1 word.....
can you say Zeitgeist?
http://www.zeitgeistmovie.com/
Yeah....would love ta have both Relentless & Ataglance pay us a vist....I gotta imagine their heads are ready ta explode about now (if not already :0)....would love ta have'em stop by just ta say "I told ya so" lol
Hope ya avoid the bug.....lotza vit c & maybe try some of that airborne too. I know there's a few out there who think airborne is BS....but I must say I do think that if anything, it will give your immune system a fast boost...it sure can't hurt.....take 2-3 a day along w/tonz of vit c on top of it all....& all that other good holistic stuff ta boot....now where'd I put that Norco? ;)~
Well if they did....that would mean I was able ta get to ALL 3 moms....& I'll let you try & figure that one out ;)~
& after it's all said 'n done.....the pipes will need to be snaked jus ta be sure there's no turds tryin ta cling on to the pipes. :0
Now if I weren't so lazy I'd go & look for a pic of a rattler comin oudda a toilet ;)~
Nice ta see those pics makin a comeback here....classic stuff.
& w/re to the fed backstop....nothin is finalized yet right...or did I miss that? Would be nice to have all the rumors confirmend & learn of the exact terms....I guess that's what this wknd is for.
& I think Russia got it right....closing their mrkt for 2 or 3 days while all this washes out....then re-open to a rally...nice. After all....by the time of the US close ystrdy the diff I think from the previous Fri's close was what...50 pts.....& we had a 1K swing over 2 days only to finish pretty much even....what crazyness!!!
& not sure if I should be happy or worried that the Mad Man himself is echoing my thots w/re to this mrkt..."get ready to sell" Hmmm could he be lookin in on us & stealing our material?
http://www.thestreet.com/story/10438447/1/cramers-mad-money-recap-get-ready-to-sell.html?puc=_htmlbooyah
Gotta busy Sat....evidently we're still celebrating the 3 yr olds BDay...this time w/the inlaw side. We had 3 baby's born all w/in 5 weeks in our fam...so we rotate havin their BDay party each yr...so every 3rd yr we gotta host it....thankfully tho this isn't our yr....lol But we'll be gone jus da same for much of the day....wish me luck.....a 3 yr old BDay party x's 3....& there's always the chance I may return ankleless.....YIKES!!!
Cheers!!
I take it that since these are severely damaged goods so ta speak....it behooves the holder of these hard to see assets to unload'em at whatever reasonable rate they can get. Thus it's a win not for the price the end up gettin but rather that they were able to simply get rid of the bad assets all together. Kinda like a kmart blue light special.....they really dont care all that much what price they get as long as they get something & thus are able to once & for all get rid of all the merchandise they don't want.
Not sure if that makes any sense or is even the right comprehension here....but that would be my uneducated guess.
jus heard it all put very well....
the mrkt is rallying based solely on the fact that we avoided a complete metldown & collapse.....not b/c the fundi's are sound....not even close.
Sums it up quite well....more pain ta follow....still sticken to a 30-33% retrace from the 14K highs...we gotta pay our dues in full.
& most especially this wknd....& at least 4 a few more wknds ta come.
I have no problem w/a 3 - 3.5 day work week....beg on Tues & be all scaled out by Fri late AM at the latest.
Nice ta hear someone is actually havin good results...in fact best week ever for ya....VN!!
& wise ta be lookin to get out prior to the 1p close whatever it decides ta do. I do like long aud positions right now....on any pullbacks of course....I think the aussie, euro & swissy should all do well over the next several weeks...most especially vs the greenback.
Right now the mrkt is giddy w/all the news that's comin out...but I think once folks realize it wasn't a good thing that this had ta happen....their enthusiasm for this mrkt will be curbed & the bear will once again rear his ugly head once this news wears off & there's nothing else left to support this mrkt.
Enjoy your wknd & thx for steppin in & savin me from making 5 posts in a row ;)~
Cheers!!
OK....I'm now abusing the 3 consecutive post rule ;)~
guess everyone threw in the towell today....which stands ta reason bein what the spreads are & a Fri, etc.
Tryin ta give the cAt a shout but all I've been gettin is the "lines are temporarilly busy, pls try again later" diddy.
I'll continue ta try thru out the day...hopefully I can talk him into stoppin by for a howdy & hold our hands for awhile here in the litter box ;)~
& da aussie continues to rally off its' recent lows....thinken this is the retrace I was waiten for...? is....how much legs does it have?
The euro in bull mode too....maybe back on its' way to previous highs all over again? Thinken at least back to a conservative 1.50...it fell harder & faster than it shoulda've...as is typically the case I suppose.
& the spreads are still all whacked out...wonderin if this is a sign of things ta come as the globe is in stage 1 of rehandicapping itself? These kinda spreads sure are gonna take some gettin used to.
edit:....gold w/a 150 spread currently @ Oanda....usually closer to 50-55 this time of day....at least til 11-noon pst on a Fri.....crazy!
Albeit this came out prior to ystrdy & today's bank bad debt backstop news....but I find that I'm still in agreement w/this guys take...more greenback pain to come....especially considering the fix that looks to be going into place.
http://www.thestreet.com/video/10437124/index.html?puc=_htmlbtb&s=1#10437124
The Fed should be bold enuff ta actually raise rates a tad....a few back ta back 1/8 hikes might actually do us some good...gotta be forward thinking here & stay ahead of the curve...we can no longer afford for the Fed to be behind the curve as is typically the case.
my new Mantra....
"auvoir America, goodbye greenback, hello Oktoberfest ;)~
I'm thinken not even this move is enough ta save McLame....I'm not so sure the mrkts aren't done goin south. Give it a few more days....we may be seein some bargain hunting goin on now....but I'm not so sure it'll last...still thinken there's plenty of folks who would rather wait it all out in cash....at least thru the election...then make up thier minds which way they wanna go.
Also....once all this dust settles....thinken some $$ are gonna flow back into real estate...which it already has....at least foreign $$$ are beg ta trickle back into investment props from what I'm hearin. & once the mortgage mrkt finds it's feet we should beg ta see domestic dollars buyin homes. Not sayin this'll occur overnight of course....but over the next coupla Q's we should beg ta see the effects of all this & a slow but steady p/up in housing.....at least back closer to the historical yr/yr mean of 5-6% appreciation.
my dooomarse hunch anyways.....nice ta have ya back as a reg around this joint....or are ya jus poppin in cuz of all da events of the past week or so?
From what former Fed Boss Wayne Angel was sayin the other day when they had him on the fone on Fast Money....."the resources of the Fed & are infinite...NOT finite & to date they've used approx 50% of the total money they have" He then went ta say that "even if they felt the need to utilize the remaining 50% still on tap....they could do that & then some being that their "resources" are infinite."
Evidently Angel as well as Finerman & others who have 1/2 a grasp about all this (surely not me...lol) all feel the terms the Fed has arranged w/AIG, etc are very favorable & that the Fed would never throw a deal out there that would not be worth their efforts.
So it seems to me that from what I've been hearin....the deal (tho w/the Devil) isn't all that bad.....+ we really had no choice since no one else has
A) that kinda ammo &
B) the willingness to take on this type of risk.
No one is touching this w/a 100 ft pole...no foreign captial, etc....& a good thing imo.....we've already sold off enough assets to various foreign investment funds....Asia, the Saudi's etc.
Evidently the rtc scenario of yrs past worked out well as I'm hearin the country as a whole actually profited by it after it was all said 'n done.
Guess I need to go back & do some research on all this as I really have no clue what transpired in the past & how it all worked out?
Sure would be nice to hear the Ataglance take on all this....all this goin down & he's still MIA. I jus may have ta give him a holler....taken the cAt nap of all cAt nap's :0
man alive has that aud/jpy long from this am come home ta roost for me.....in @ 83.30 around 8:30a pst & she continues ta run well into the night....86.60 last glance.
Gettin an itchy trigger finger right about here up 300+ ;))
Nice ta see the action here tonight....
all this goin down & still no cAt meow'n about....would love ta hear his color commentary....& speakin of which....I hear Imelda is even thinken about runnin in 4yrs.
yeah....sure smells...no more short sellin cuz dear ol' uncle sam is in the game now....& pretty soon we'll all be wearin patches on our sleeves & be forced ta march in da ol' heil high step. :0
& the polls are sayin Nader is even helpin out the dems this go around....not hurtin'em....strange dayze indeed.
short selling PS.....
I think it's specifically just for the financials....not the entire mrkt.....are they really trying to cover the entire mrkt?
But if it is just the financials (which is how it was 1st reported on cnbc this afternoon).....the ? is....just where exactly is that line in the sand drawn? What is a financial?.....is it only brokerages & banks or does it include other financial vehicles?
So many ?'s...so lil care....lol
it's like I was sayin...I feel itza temp thing....they just wanted for folks ta take a breather til they could put this bad debt bank backstop out there (why does rubber baby buggy bumpers came ta mind here?)...then once that goes into play they should lift the short selling ban off the financials.
I knew it all smelled up to the high heavens the very moment it hit the wires.
Yup...I sensed somethin was a brewen.....
announce a halt to short sellin the financials & boom....a few mins later there's a fund ta buy bad bank debt.
Saw that 1 comin a country(wide) mile away.....lol
& xcuz da pun if ya will....OK...Fast Money time...Cheers!!
http://biz.yahoo.com/ap/080918/wall_street.html
Was my 1st comment too.....w/re to the short selling news...
Stocks Rally; Regulators Take On Short Sellers
http://www.cnbc.com/id/26770386/site/14081545
can't seem to find the story anywhere's else other than the cnbc site.
I'm pretty sure it was your basic short selling...the naked issue was ystrdy I believe. I'll go try & dig up the link...that story went out cnbc a few mins b4 I posted it.
Sorry ta hear about your moms friend...indeed a harsh way ta go. A lady that volunteer's for the group I vol for...one of her best friends has a 17 yo daughter who was your everyday normal kid....then approx 6-8 weeks ago she was feelin tired..really wiped out for approx 2 weeks...so her Stepmom finally took her in & they tested her for Mono....tests came back stage 4 lymphoma....she's been in & out of the hospital ever since w/the chemo treatments....which have done no good....just reduced her cell counts is all..so she's actually worse now. They are given her a few mos at best....sure does make ya count your blessings time & time again.
Smells like some sorta govt fix is on now....
SEC jus announces that they are temporarilly ceasing the short selling of all financial stocks.....somethin's def brewin.
Wonderin if next we'll be hearin some other announcment to the tune of another kinda temp bandaid to help prop the mrkt up & generate some level of confidence going forward?
No short sellin the financials now...guess it's safe ta maybe call a bottom in this sector....tho they've yet ta say ya can't sell what ya got....be interesting ta see how much lower they'll go now w/out the shorts :0
& here comes the sellin....jus like bear clockwork.....
at least the consumer staples are hangin in there & doin what they're supposed to in times like this.
I think what could be a fairly obvious trend developing of sorts here is that we're in the midst of seeing some early session bargain hunting-bottom fishers comin in....but then by late AM early afternoon.....those who wanna get into cash are sellin into those rallies.
Wonder if that pattern will remain til the 92-9500 range when we'll be @ approx 33% off the 14k high's & perhaps begin to build upon a solid base? Sure hope we don't get any lower than that.
GL & welcome aboard.....the IBox has tons of good links.....this one being one of the best imo.
http://www.theforexclub.us/index.html
Cheers!!
ya mean she has one 2? :0
long aud/jpy @ 83.30...lookin for 84.25 or thereabouts....kinda looked like a no brainer to me. Workin off the 15 min & set the fibs @ 85.98 & 81.56....think that's a fairly conservative set for the 15 min.
Hopin the charts beg ta show some signs of stability as the equities take somewhat of a volitility breather as well.
Now it all makes sense....
I am a dommmarse :0
OK now....class dismissed already!!! ;)~
Hey Digi.....was paroozin around late last night & think I saw ya on da Hood? Is that you in John Mellencamp land?
I'm the dude on the left coast whose holdin a candle (at a peace rally last yr) w/the lil 1 on his shoulders lookin into the cam.
http://theforexclub.us/hood.htm
Cheers!!
PS
& for anyone else....pls feel free ta add yourself to the Hood.....nice ta put some faces w/some names here.
Well I guess I should rephrase then.....
I have no clue as to why the gold periodical symbol is 'au'....one would think it would be 'go' ;)~
But I'm happy to be the butt of a joke jus da same...espeically in light of all this mrkt darkness :0
Saw a pretty good game.....pitchers duo til the 7th when my team got the games 1st run.....then the Closer went on ta blow it in the top of the 9th....then we won it in the bottom of the 9th 3-2 off their Closer.
Went w/an old friend who I haven't seen in a yr or 2.....I meet him through a stock message board several yrs ago....he's a math professor so I'm thinken he should be a natural at T/A.....which oddly enuff he's really never delved into....so now I'm gonna see if I can get him hooked on 4x.....which jus may prove 2 b the beg of the end of our friendship...lol
Now where'd I put that periodic table?
xau = gold & xag = silver....
one of those "go figures" if ya ask me...why gold isn't xaG is beyond me?
off to the game....chanting the picket line chant....."1.5 wont pay the rent" :0
& what about the T-Bill today?....
folks actually now paying just ta get'em if I understood it correctly ...go take a look at that one....UNREAL!!
& ya jus had ta LOVE what Finerman said today on Fast Money...."if ya choose ta trade this mrkt...go w/your gut & do the opposite....after all, that seems to be what everyone else is doin these days" indeed that pretty much sums it all up.
& this is the 1st time since 9/11 that we had 2 300 pt drops in the same week...& after the close ystrdy Kudlow was once again touting that Goldilocks was already back....F'n crazy-oudda touch Loon he be.....one of the biggest spinster whack jobs out there imo. Just for the humor I set the tape machine ta tape his show tonight....I need a few more good laughs....wanna see how much he tries ta backspin from ystrdy's comments....lol
OK...gotta run....off to go pickett @ the Mrs' school district office. She's been w/out a contract now for over a yr....& get this...the district already got a 7+% increase from the state w/their budget....money already in the bank...& what's their offer....1.5%...r u joking?? That don't even cover healthcare increases (not even close) over the past yr let alone cost of living. So the Union is asking for 5%.....but what does the Union wanna do w/the money....buy a new cirriculum....waste it all on new ways ta teach the abc's & 123's instead of spending it on the one's who need to apply all the techniques. There's no need to reinvent the wheel folks.. Wadda shame....a lousy 5% they are askin for which barely keeps up w/healthcare & the cost of living....they'll prolly get a 2.5 ta 3% increase after it's all said 'n done.....sure hope we dont gotta go out on strike tho...but if we gotta...so be it.
& then after the picket line I'm off to the ballgame....so I'll try & check back later on tonight around 10:30-11p pst.
Wadda day it was....& manana looks to be just as much of a grind....if not more.
I'd say my usual post ending "cheers"...but for some reason that jus don't feel right today.
So I'll just say l8tr folks ;)~
Jus dont walk too far away w/open position(s)....as Nettle said...in this mrkt news is comin fast 'n furious....& that's putting it mildly.
I gotta step away for a few.....GL all if have the kahoonas ta trade this untammed beast.
Cheers!!