trying to survive in a crazy world
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.
God yes, up over $4 today. Absolutely no sense to me. This tock should be tanking, hard.......why not?
Also holding some DRI puts, decieded to ride those ones out. Don't have much in them. And like spg, dri should be falling like a rock.
I have done well on te long side of dri in the past, but reality is reality, it shold not be holding, much less going up. and t add insult to injury, I didn't even look at this last run up, until I thought it was t late. so I bought puts. Go figure.
Still holding some LVS $5 calls. Almost sold today, but I actually liked the calmness. It needed a day to settle. I believe it will move over 5 next week, as long as the overall mkt doesn't tank. Also think there will b a mass exodus just over 5.
Excerp from Interesting article on yahoo home page
The positive take, if you can call it that, is that we're in a "rolling recession," as Kurt Karl, chief U.S. economist at insurer Swiss Re, said in a note to clients. "First the housing market tanked, then consumer spending plummeted, now business investment is nose-diving." Hey, at least it didn't all happen at once! Peter Morici, an economist at the University of Maryland's Smith School of Business, offered a gloomy scenario: "Lacking confidence that the demand for what Americans make and sell will recover significantly anytime soon, businesses are girding for a long siege - slashing employment and dividends and hunkering down," he wrote in an e-mail. "They are preparing for a depression and the eclipse of American leadership."
Just adds to my thoughts that this mess is very far from over. What we are enjoying is temporary and partly as a result of extreemly pent up demand to be exited or enthusiastic about anything it can hang on to. Enjoy the ride. Stay on te right side of it, I didn't,,,,,,,,Duh,,,
true,,,,,only question left is do I hold over the weekend? vol seems to be slowing, floating down with the dow.
LVS closes AH @ $4.64 should keep a smile on my face in the morning,,,,,,,hope.
need LVS to break 5 here today or tomorrow.
we both know we are a long ways from out of this mess. But just a crazy to fight it. ride along for a while with eyes wide open. have my work cut out to recoupe lose from my little spg ride.
does the market sell off Friday afternoon????
Hope so. buying Google 300 puts
OK out of SPG can't ignore reality any longer. Man that hurt!!
good move. had to leave for several hours. I a going to push it at least until this Friday. Will take a bit of decay if I have to, but damn, this thing is destined to fall like a rock.
LVS UP 25% today and still going up in AH
Nice ride, and it has just begun.
thank you fedx11
Good, maybe DRI and SPG will stumble or tumble
futures down dow -103 nas -19 s&p -12
futures down dow -103 nas -19 s&p -12
Land thanks for confirming that. Knew I should have dumped some yesterday. But you confirming this irratic market answers my question. I your not calling it, I know I can't. Have a great evening.
Hi Lang, my concern isn't where it ends in due time. Because we both have no doubt where that is. My concern is about the two week window I put myself into. So needless to say, thats where I am looking, do we bounce along, or do you see any real corection in this market in say the next ten days? Thanks
Is anyone here following SPG?
Sitting on April $25 puts. I had figured this to start a serious retraction about the middle or end of last week. Needless to say I was pretty happy to see it go nto a free fall yesterday. But it just came right back today. Did I miss something? Would smart money just take their lose and move on? Or with two weeks left, am I just off on my timeing? Is it just lucky enough to enjoy the positive insanity of this market? Between dillution, comersial real estate, tremendous debt t would seem to me tht little if anything could hold this up. Is it possible that those who did the offering have a reason to hold support? Thank you for any insight.
Is anyone here following SPG?
Sitting on April $25 puts. I had figured this to start a serious retraction about the middle or end of last week. Needless to say I was pretty happy to see it go nto a free fall yesterday. But it just came right back today. Did I miss something? Would smart money just take their lose and move on? Or with two weeks left, am I just off on my timeing? Is it just lucky enough to enjoy the positive insanity of this market? Between dillution, comersial real estate, tremendous debt t would seem to me tht little if anything could hold this up. Is it possible that those who did the offering have a reason to hold support? Thank you for any insight.
wish ir would hurry up, this turd is killing me. sitting on april calls.
SPG Timbeeeeerrrr
That waas SPG bounceing up and dowm lol
it touched $30 for a moment, but back up .30 in 2 minutes.
looking for it to break below 30 then free fall.
good luck
destination low 20's
SPG new LOD @ $3.11 fall you pig, fall
Lang are you still holding spg? any thoughts?
good, perhaps that will help propel spg and dri to new lows.
The Mall at the Source defaults on $124M loan [Newsday, Melville, N.Y.]
12:15 p.m. 03/28/2009 By Keiko Morris, Newsday, Melville, N.Y. Provided By Knight Ridder/Tribune
Mar. 28--The owners of the Mall at The Source in Westbury have defaulted on a $124-million interest-only balloon loan, according to a Manhattan-based firm that tracks commercial mortgage-backed security transactions.
The mall -- where stores of bankrupt retailers Fortunoff and Circuit City are liquidating their goods and where Steve & Barry's once had a location -- had a 10-year-old balloon loan that matured on March 11, said Thomas Fink, senior vice president of Trepp, which tracks the performance of commercial real estate loans that have been securitized. The loan servicer, LNR Properties of Miami, listed the loan as a nonperforming mature balloon loan, he said, which means the servicer does not expect the balance of the loan to be paid.
It originally was issued in 1999 by Nomura, and the owner of the mall is listed as W&S Associates. Records from the New York State Department of State show the address of W&S as the Simon Property Group (SPG), owner of the Roosevelt Field Mall, Walt Whitman Mall and Smith Haven Mall. The records were unclear regarding the ownership composition of W&S.
No one at Simon Property (SPG) was immediately available for comment Friday evening.
"What's been happening is that more and more commercial properties have been having trouble refinancing balloon payments that are coming due," Fink said. "There's no market right now or the market is not giving them the proceeds or the rate they want to refinance the mortgage."
To see more of Newsday, or to subscribe to the newspaper, go to http://www.newsday.com
Copyright (c) 2009, Newsday, Melville, N.Y.
Distributed by McClatchy-Tribune Information Services. For reprints, email
http://www.newsday.com/business/ny-bzmal...
can this turd fall to $20- $22? I think so.
re SPG The Mall at the Source defaults on $124M loan [Newsday, Melville, N.Y.]
12:15 p.m. 03/28/2009 By Keiko Morris, Newsday, Melville, N.Y. Provided By Knight Ridder/Tribune
Mar. 28--The owners of the Mall at The Source in Westbury have defaulted on a $124-million interest-only balloon loan, according to a Manhattan-based firm that tracks commercial mortgage-backed security transactions.
The mall -- where stores of bankrupt retailers Fortunoff and Circuit City are liquidating their goods and where Steve & Barry's once had a location -- had a 10-year-old balloon loan that matured on March 11, said Thomas Fink, senior vice president of Trepp, which tracks the performance of commercial real estate loans that have been securitized. The loan servicer, LNR Properties of Miami, listed the loan as a nonperforming mature balloon loan, he said, which means the servicer does not expect the balance of the loan to be paid.
It originally was issued in 1999 by Nomura, and the owner of the mall is listed as W&S Associates. Records from the New York State Department of State show the address of W&S as the Simon Property Group (SPG), owner of the Roosevelt Field Mall, Walt Whitman Mall and Smith Haven Mall. The records were unclear regarding the ownership composition of W&S.
No one at Simon Property (SPG) was immediately available for comment Friday evening.
"What's been happening is that more and more commercial properties have been having trouble refinancing balloon payments that are coming due," Fink said. "There's no market right now or the market is not giving them the proceeds or the rate they want to refinance the mortgage."
To see more of Newsday, or to subscribe to the newspaper, go to http://www.newsday.com
Copyright (c) 2009, Newsday, Melville, N.Y.
Distributed by McClatchy-Tribune Information Services. For reprints, email
http://www.newsday.com/business/ny-bzmal...
should get together one of these days. gotta go, still need to pack and need to be up at 4:30.
good luck tomorrow, looks like it will be a hell of a ride, up and dowm imo
in vacaville. worked in dublin for years
n ca just west of sac
bet you it is closer to 50 than 125 by open,,,,,,,,,,
you in n ca or s ca?
cutting my lose my come a lot sooner than i had expected
Your right, and for the moment this will float up and down with the dow. I am holding out that the cycle will break soon
I was back to even in it at one point today. But with all of the dilution being over, i really believe it will fall like a rock, they got what they wanted, no need to support it any further. Going to be out of town for a few days, but will check from time to time. If I have to I will cut my loses at some point, but not hppy about it. I really think this is a 20 something dollar stock. and when it happens, i think it will happen very very fast.
I really hope that they along with bac and a few others have a great quarter. and I no longer have any interest. Bailed completly out of financials, until I get some stability back in my thinking. Hell I was losing in financals last week when a blind monkey could have picked a winner. but more important we as a nation need these banks to start falling back in line. so it weould give me nothing but pleasure to see them come out ahead here. Plus the better they do, the sooner they can pay off govt and get them off of their backs. No a great lover of big brother, they are totally out of control and seem to have forgotten just who they work for.
Yes, and think back to what happened or really changed. We had day after day of bad news and doom and gloom, absolutely nothing good in the media or the markets. What changed????/
Look back to that first good day, not positive, but IZ do remember looking. The only real change was that we finally had a day with "no" negitive reports, no bad news, no disasters. Just a little of the beating of some already very dead horses.
That was all it took, the market was begging for an excuse to run green, it did. no real change, no significant change.
hang on to your hat, the storm isnt over.
one of the biggest prroblems we face is that the govt is like a 2 year old lab puppy. big, akward, clumsey, doesn't have enough sense to get out of its own way. all of there best ideas would take to long to reach the average person. as fast as they will be putting out one fire, one or two more will pop up. and it is going to take a long time to turn this boat around. just look at how banks handled forclosures, once they thought govt might help tthey came to a crawl. lets see if big brother will bite the bullet. I have no doubt had govt not indicated they may help, banks would have been unloading for what cash they could generate. there is money out there, but it will stay out there until it senses dam good deal. govt just to big to respond. hell they created much of this mess because they too were to greedy and blind, and unable to do anything about it until it imploded.
never been pesimistic, but I see some real tough times ahead.
I really think we are in a very short term ralley here. the market, longs, investors in general, hell even the world (financially speaking) have all been looking for the slightest excuse to be happy, to get excited, to feel good. this short term rally is providing that excitement. I think the sad reality is going to hit the fan