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Someone's had a few.
Lol! I bet it's a nice shoe. Pins and needles. I'm gonna sew regardless.
My perspective is that everyone should understand there aren't any "Good Guys" here. It's a case, like politics, of the lesser of other evils. I hope Judge Peck sees the light.
I'm not a fan of drama. It makes people trade on emotion. I should add that the media headlines will certainly be critical short term. Good luck!
I say we slip the bond puppet master a rufie.
Lol! I'll miss you and good luck!
I agree. But as a pragmatist, I'll take baby steps for now. The unwinding of massive corruption is a delicate matter to say the least.
And don't forget the DTCC. If they were our "mail delivery" system we'd get it a month, or in some cases, a year late.
I have parlay. I trust Judge Peck has sense and conscience. That is truly what we are speculating on.
Or anarchy reigns completely sovereign in the capital markets at the US tax payers expense. That would bring the question right up to Federal Reserve. "WHO OWNS US?"
Some history from the BBC on the Lehman quick spiral into bankruptcy. Consider the source but worth revisiting all the videos. Lehman was sacrificed based on mark-to-market and over leveraging in the housing commercial real estate market. There are five videos. I find it interesting how inflammatory and lame much of the media representation is in this series.
I'll place my bet on Coach T.
I did get a 200 share fill at 4.35 today.
Go Lehman!
Got some nice .13's yesterday. I'm bidding .09 today in case they try to print that .08. Let's see how hard they want to play ball.
I agree. Fake or paper thin. We'll know soon enough.
It isn't me. : )
Thanks Brikk. Pure luck. I really didn't expect it to fill given the J's morning strength.
Lol! So you're the reason my 4.35 bid won't fill. Waiting for the kaboom. I think it'll be soon.
No idea. I just picked up more shares at .13. Playing the price is right game while I can ahead of the news.
At least I got filled on shares I bid at .l4. I figured that price was history. Works for me.
Go Lehman!
Kudos Coach. You da man!
Bid will raise only if buyers start paying the ask. Otherwise MM's are content to let the J's lag behind the common imo.
Brikk
I've learned a lot here from you, coach, VLV and many others.
Thank you all.
My point is disregard liquidity for now. The MM's will manipulate around it. Just as VLV said to disregard dividends.
Until they can't manipulate, it's all wild west and ride the bull for more than a day week or month if you're a real cowboy.
I may not agree with you with the simple logic that the J's are trading too close to commons at this time.
NOL's are giving lift to commons...not the J's?
I may not agree with you.
Sure there is.
Yes they covered at the expense of retail. I had orders in at .114 while loads of shares traded at below my bid.
This is the world we trade in.
Here's the strange thing.
If the flippers and liquidity traders are gravitating to the J's, then it makes the most sense to pressure them. Of course at some point this will bite them in the a$$. No one knows for sure.
But if they let the J's fly on a short squeeze, the trusts will sky rocket. So it's in the interests of the puppet masters to focus on the J's and keep them weak.
The real puppetmaster controls the bonds imo.
It looks like 221900 shares were shorted today. Wonder how many they covered?
http://regsho.finra.org/FORFshvol20100304.txt
Ari - I just stumbled on PROJ last night. Chart seems like a nice setup. They are in the same business as CRM. What are your thoughts?
Wow what difference a day makes. I'm traveling so congrats to all!
Ari - picked up a small position in BRCD at 5.52. I am astounded at the volume so far today.
Ok Seems like an an overreaction to me on the report, so I will check out the premarket action on BRCD tomorrow. I think there's a swing trade in it from the mid 5's.
ARI - BRCD got clocked in AH's. Decent entry tomorrow?
TECZ filed Chapter 11.
Here's the link to the earlier posting of it. The shares may not be worthless at all since filing for Chapter 11 allows for reorganization and offers TECZ some protection from creditors. I think the link below makes the situation clear.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44469957
At this time they are still worth something.
Ari - In my recollection 2003 and 2007 were very different situations. In 2002-2003 the market had bottomed from the 2000 tech bubble and double shock on the markets of the World Trade Center attack in 01. In 2007, the market had been been choppily trading for three years with a slight bias to the upside and lots of sector rotations that lifted various groups in tandem and moved to the next. There was very narrow leadership in the indexes during the housing bubble market of the mid 2000's. Growth stocks have greatly outperformed value I believe for most of the past decade.
So the question is would you characterize this market as more like the former or the latter? It seems to me more like the former, though this market is in a very different situational shock than the bubble of 2000. It's more systemic and global certainly.
PS. I will look into ENDP. Thanks.
Thanks Coach.
I'm looking forward to some more good news to get the Lehman storm wound up again.
Thanks Ari - I appreciate the comments. Thinking it looks interesting here from a chart technical glance anyway. I did well with REGN - bought in the $17's and sold all but a couple 100 shares this week in my IRA - so looking for another biotech or healthcare stock to bottomfish with some profits.
Let me know if you have any ideas.
Coach - any ideas why they are delayed?
Ari - take a look at the PDLI chart. Here's stockcharts gallery view. And check out the fundamentals and pipeline for a value test.
http://stockcharts.com/charts/gallery.html?pdli
It could be related to options expiry this week. Short trading week and more than normal volatility going into the end of week.
I have to give credit to Duke and Five Star. They saw this drop in share price coming. I'm staying the course but they called it more correctly.