Greedy Pigs Get Slaughtered
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I think I will wait for tomorrow to trade again. took many profits today.
ACAS support at .77
I am watching SFI for bottom, it broke below the 50ma. watching invisiblehand's ACAS.
GRDO has made me some "gordo(fat)" profits =]
The only penny that I've liked recently is GRDO, I think it might go up today.
Happy today, I got lots of money out of a few pos penny stocks. When a stock doesn't go as planned, take your money out most of the time. Why trade pennies when nyse and nasdaq stocks are trading so low.
TCB, very nice today!!
I have the biggest grin on my face =]]]
HOLY COW, SFI HAS GONE CRAZY!!
SFI doing even better weeeeeeee
STSA weeeeeeeeee
I like my TCB =) STSA, DRYS, and SFI
Hes too busy pushing trillions of dollars for health care reform. I could careless about receiving shitty health care. You gotta ask, is that appropriate for the time being?
TCB, watching for a turnaround
http://finance.yahoo.com/intlindices?e=asia
Looks like we'll be up today imo
sfi too easy, watch the professionals
There we go, sfi wants to go up, on the L2, there is more mm's on the bid side than ask more than half the time.
One more time SFI 1.06
This market is so Feking manipulated. These bastards want it down everyday so they can make the money by shorting. They always seem to release the negative news at the right time for their benefit. If they weren't so negative, we wouldn't be here. Talk about the positives dammit!!!
buying some SFI again
Good dip on SFI
SFI 1.25
Lots of good stocks to buy today!!!!! loaded SFI
yea, he seems like a good guy. If you guys like small cap NYSE, NASDAQ stocks, check out my board. There should be a lot of good stocks for a quick buck once this Dow Jones bounces.
UGLINESS eom
Shorts manipulated it down EOD yesterday and this morning. It might be testing that 50ma resistance again. Hopefully we blow right by it the second try.
Nice, I sold some right about there. I am riding on some free shares now. Seems like it couldn't break the resistance at the 50ma. I think it'll try again some day.
SFI conference call going on right now!
I think, I might help GM by buying one of those new camaros with some of the money I get from these bank stocks. =]
better than what was expected =]
SFI gapping up, FITB too!
Hey man, hows it going. You'll see me around when there is easy money in the market. These bank stocks are just amazing to trade. I love the thrill of the high risk very high return concept, but only when I'm winning the game =]
GM is awful, I don't think it'll be up today lol, but we'll see
Wow, good job Bernanke, Keep pushing it!!
Bad time for shorts to be in most bank stock imo
FITB!!!!!!!!!!!
Treasury says big banks can get more bailout funds
Treasury says biggest banks can have immediate access to further support from bailout fund
WASHINGTON (AP) -- The nation's biggest banks are being granted immediate access to further support from the government's $700 billion financial rescue fund.
Treasury Department officials said Wednesday the new support will be provided through the government's purchase of preferred shares of the bank stock that are convertible into common shares at a 10 percent discount to their price before Feb. 9.
The preferred shares will carry a 9 percent dividend and be convertible at the bank's option, but subject to regulatory approval.
The option to convert the preferred shares into common shares is a change in the rescue program designed to give financial markets greater confidence.
Common shares absorb losses before preferred shares do, which means that under a stock-conversion plan taxpayers would be on the hook if banks keep writing down billions of dollars' worth of rotten assets, such as dodgy mortgages, as many analysts expect they will.
However, common stock in banks is incredibly cheap, and taxpayers would reap gains if the banks come back to health and the stock price rises.
The Treasury Department also provided details of how a new stress test will function to ensure banks have enough capital to survive a downturn that would be even more severe than the current recession.
The stress tests will use two economic scenarios to gauge banks' health and are expected to be completed by the end of April.
The results will help regulators decide whether banks may need additional assistance so they can carry out the critical mission of boosting lending to customers, a key ingredient to the economic turnaround.
The "baseline" scenario envisions the nation's gross domestic product, which is the value of all goods and services produced within the U.S. and the broadest barometer of the country's economic health, falling 2 percent this year, unemployment rising to 8.4 percent and home prices dropping 14 percent.
The "adverse" scenario assumes GDP will drop 3.3 percent, unemployment rising to 8.9 percent and home prices falling 22 percent this year.
For all of 2008, GDP rose 1.3 percent, which was the smallest increase since 2001. In the fourth quarter, GDP fell 3.8 percent, the biggest contraction since 1982.
The unemployment rate last month surged to 7.6 percent, the highest in more than 16 years. It was 5.8 percent last year, the highest since 2003.
Median home prices in the U.S. fell 9.5 percent last year, according to the National Association of Realtors, though many big cities like Los Angeles, Las Vegas and Miami showed far larger declines.
Accumulation going on at 1.50 on SFI???
GM was up to 2.80 today =)