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I agree with you DA, I would be cautious here for any new add, unless some of my favorite holdings for average down..
IBN, what do you think my WAVE, not in your list... (underwater, but do picked some lows at 0.53)
It looks great...
Thanks DD, I can not PM you, but thanks for the information, will definitely watch..
swing trade is my favorite.
I picked some yesterday at 1.26
ACAD, is this time the time??
Thanks DA/ any good plays for today?
great chart, In some 1.88 this morning. old favorite
HLCS, 2.08 now from my 1.63 fill .yes, I am very happy... (sorry for not able to reply yesterday, I used all my quota-15 posts in the morning. lol)
but when the this POS will bounce--ANPI?
yes, also SOL...
two chinese stocks worth watch--CHNG HRBN
can DA through some CHANEL charts for me, Thanks
AGT, a small gold stock, have had some good trade before, no maybe another round??
HLCS 1.83, I guess those bio or bio-related small stocks just got sold off too much, now need bounce back...
AAU 0.74 now, looking goodm, DA, can you throw a chart for me to see your input?
no clue, someTHING BIG, or just a hard bouce (Squeeeeeeeeeez)?
CVM, now 1.16, that is a 30% swing...
Now look at the CVM, break 1 loose... I got stopped out at 0.98 earlier.. well glty
CVM is running, IBN, DA cheer up :)
AAU 0.72, time for the train leave.
you opinin on AAU? saw gold miners TGB moved yesterday, maybe it is AAU's turn?
XOMA--get some news movement this morning...
GOLD miners on watch--AAU
Great, IBN, I have this "dog" for quite sometimes now, please let it go up UP UUP.. hehe
The only bright spot is YMI, get a partial fill at 1.65 (should have set at 1.6, oh well maybe next time, news is good...)
just noticed quite some positions got stopped out today, not good (all at loss)--AGEN, CHIO, CVM, WNR, AERG,BEE,And half my MRNA..... :(
The market looks even though resilent, is very tired, I will be ready to go short or all cash...
also limit buy on HLCS get filled at 1.63
TGB gold mine!
IBN, thanks for the alert, I picked some at 0.62
WOW, what a disaster, hope it can hold 92c (mine got stopped at 0.98)
Good advice. Yes Ma'am!!
LANG, Glad you like my FTWR, always feel good if somebody else like your pick, esp you:)
no, unfortunately not. I just bought few puts to start with. but I do watch you :)
Guess What: Goldman Was Selling Risky CDOs While Shorting Housing... (http://www.businessinsider.com/guess-what-goldman-was-selling-risky-cdos-while-shorting-housing-2009-11)
We thought it was well-known that while Goldman Sachs (GS) bond sellers were peddling risky mortgage securities, its traders were going short the same thing.
But it's Golmdan, and so there's an endless appetite to revisit its actions before and during the crisis (like, did you know that the bank was a prime beneficiary of the AIG bailout!?).
And so McClatchy drops this monster investigative piece on the bank's secret bets against the housing market.
What's the news? Not clear.
Now, pension funds, insurance companies, labor unions and foreign financial institutions that bought those dicey mortgage securities are facing large losses, and a five-month McClatchy investigation has found that Goldman's failure to disclose that it made secret, exotic bets on an imminent housing crash may have violated securities laws.
"The Securities and Exchange Commission should be very interested in any financial company that secretly decides a financial product is a loser and then goes out and actively markets that product or very similar products to unsuspecting customers without disclosing its true opinion," said Laurence Kotlikoff, a Boston University economics professor who's proposed a massive overhaul of the nation's banks. "This is fraud and should be prosecuted."
John Coffee, a Columbia University law professor who served on an advisory committee to the New York Stock Exchange, said that investment banks have wide latitude to manage their assets, and so the legality of Goldman's maneuvers depends on what its executives knew at the time.
"It would look much more damaging," Coffee said, "if it appeared that the firm was dumping these investments because it saw them as toxic waste and virtually worthless."
What's most bothersome here is that this whole story can be read as an example of how a bank avoids conflict of interest. In one corner, traders are making decisions based on what they see, and in another corner, salesman are packaging and selling products based on customer demand (remember, it's not like the banks had to try real hard to pawn these products onto end buyers. There was a desperate dash for yield that spurred their creation). The alternative would be just as damaging, that the traders and bond salesman are coordinating.
It's also worth noting that Goldman wasn't exactly completely short housing. They bought hedges against a housing fall (those infamous credit-default swaps), but the bank still lost a ton of money during the worst of it last year.
Bottom line: It just doesn't sound like the bank did anything wrong here, though apparently we haven't heard the last of this.
wow, DA, that was a hell of call...
DEJ. besides that, I second with Lang--GPR and MIPI.
GB, I especially like SHZ and COOL. thanks and keep them coming,
DA, Nice charts!