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congrats on the AXL play...
omg AXL is goin higher +120%
wow Dow is amazingly flat.
big.boys are in now,lets see where market is.headed.
A) banks need billions if the economy deteriorates to the govt stress test parameters
B) economy appears to be about to rebound, remember job losses is a lagging indicator of a recovering economy. (biz wont higher until things are looking up)
C) stock market is typically a leading indicator, anticipating a recovery, and overall market is up off the march bottom.
D) banks have already lost billions in market cap, with loan losses leveling off, they no longer are in precarious positions. Theres a possibility of continued credit card debt losses, but IMO credit card loans amount are far less than mortgage losses [probable statistics: avg mortgage: 150K, avg cc: 10K]
Based on those points, you may still get a pullback, use that pullback to buy up banks, tech, and retail.
all you FAZ/SKF'rs better close out...financials.all.green!
HILL: um why? avg.vol 94000 shares.
penny stock IMO
LOL whats with the (POS) designation?
LLY went up when Cramer mentioned them on StopTrading, he just mentioned that on his show.
When converting Preferred to common, what about the dividends?
Most of these banks have fat dividends on the preferred shares...
FAS AH up 7% yeehaw!
I bought another 1000 shares on the dip at 10.05
everyone make some money today?
i wish i hadnt drank so much last night, then i could've capitalized on my FAS opening up $1.5 over the close :-/
I think since you SOLD, you'll BUY TO COVER at 0.00... although thats an interesting scenario
EGLE probably will report down earnings, but will POP.
Dow closed at 8514,only 36 points from bet
I wonder how shorting GM works if the company's stock gets wiped oout due to bankruptcy?
Obviously you make money since you dont own it, but that just seems weird for some reason...
I wish I'd picked some FAS@10.80
dude... a whole 3 minutes?! LOL
I wouldnt hold FAZ overnight, you're asking for some nasty gappage down IMO. (I have some FAS interest, FYI)
For today, had bought 1000 shares of FAS @ 10.10, my tstop was .2 (your scalp technique!), so triggered a sell at 11.33
YAK ya made me money today man. I'll take you out for a beer!
dude you remember AIG is quoted as a BLACK.HOLE?
AIG sold more CDS swaps (insurance) than they had capital to pay out if the market turned down (market did turn down)... this is a company that should've had shareholders WIPED OUT and forced into bankruptcy. However, seems the GOLDMAN SACHS had a lot of exposure to AIG failure.
There's some stinking stuff going on at AIG. You can trade it, but remember IMO you're gambling with a nigerian.
seriously?
tstop on FAS kicked in, locked in a nice 2K gain today... I'm happy.
FAZ:that sure is a lot of trading. 403M
GRRRR...WHY IS THIS WHITE.HOUSE FULL OF NEWS LEAKS???
the bank stress test results are being leaked prematurely.
Yeah cheap if you're a used car salesman.
And my FAS positions are up 20%
Ok I bet we end Dow >8550...any takers?
So while the govt props up GM, Chrysler... Tesla gets no help whatsoever, even though they are BUILDING THE CARS that the Libs in congress and the WH want.
That Tesla car looks cool. I'll be looking into buying one...
FIG: and yet they gap up on news.of.losses?
BAC-$34B: I dont think it has to come from the govt, you could do a private equity stake, [diluting the existing shareholders of course]
would.they have to delist FAZ below $5?
FYI, its 8 words that make it into the 'main board' topic, so when you keep the number spaces down, you get more out there without having to click into a message
So sometimes you'll see me put some punctuation in spots to make two words count as one...
<= vote FAZ in 5's today
I think its the psychology... if the govt has determined BAC 'only need $34B more' to weather the downturn, when we're seeing a gradual upturn, its a reinforcing statement. Thats my guess...
i disagree, overall the sector itself will head north. Remember they've already been down a lot. and they're sitting on hoards of cash. with the economy about to turn around, the worse loan losses are right here and behind us, IMO.
to what end?
ok Kam, I'll play along... sold all my FAS positions yesterday anyways
TANK BANKS TANK
then i'll buy more FAS on the down low.
...you do realize you're fighting momentum?
now there's some good news!!!