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.
Snoot,
What is your latest take on GOLD? Thank you!
Every one is buys buying the dips Gleno. We will visit 1525 soon I guess
The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place.
http://www.washingtonpost.com/business/economy/obama-administration-pushes-banks-to-make-home-loans-to-people-with-weaker-credit/2013/04/02/a8b4370c-9aef-11e2-a941-a19bce7af755_story.html
Investors who loaded up properties in the last year get a chance to unload to the gullible public?
> That profit was approximately 17% higher than the next highest year which was 2007. That is not a bubble.
Interesting. That means 2008 is not too far away?
Today must be the day bears give up, finally.
It is all quite everywhere. They will try to close the moth at the peak though. So a little pullback would help before that.
Exactly.
Greece Elections Shaping Into Win-Win for Bulls: Pro Traders
http://www.cnbc.com/id/47832840?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo
Buy Buy Buy...
My guru says we will go down only next week. So will short on friday/monday
This is also a good analysis IMO
http://www.minyanville.com/business-news/markets/articles/snapback-rally-jason-haver-elliott-wave/6/6/2012/id/41524
1350-1360 is the target.
Just wait till 10am EDT
June 7 Testimony--Chairman Ben S. Bernanke
Economic Outlook and Policy
Before the Joint Economic Committee, U.S. Senate
10 a.m. EDT
June 7 Z.1 Statistical Release
Flow of Funds Accounts of the United States
12:00 p.m.
June 7 G.19 Statistical Release
Consumer Credit
3:00 p.m.
Gleno,
As determined by the Securities and Exchange Commission, which is in charge of IPO regulation in the U.S., the underwriters of the IPO are not allowed to lend out shares for short sale for 30 days. On the other hand, institutional and retail investors can lend out their shares to investors who want to short them.
Read more: http://www.investopedia.com/ask/answers/05/062905.asp#ixzz1vjXZPAXw
I picked some in the morning. May not hold too long...
Close to the 1289 target. switched to longs.
1289 is the support for 4th wave.
This is the best EW analysis I could find for FREE.
http://www.minyanville.com/business-news/markets/articles/facebook-ipo-facebook-bounce-technical-analysis/5/18/2012/id/41104?camp=syndication&medium=portals&from=yahoo
We will close the Monday's gap down and some more before we flush.
GRPN bombed. It will be spun +vely tomorrow though.
I have straddle on ZNGA. Reporting on 14th.
ZNGA, I was wondering who in their right mind buys virtual cows. I got the answer here:
-----
mynx79 1 point 2 days ago
Just wanted to thank you for posting this. I was one of those sad suckers who paid in the thousands for Farm Cash. It got to the point where it was blatantly obvious that the Zynga team was gearing gameplay for money, and more money. Went from a horse every week, to four horses a week at $5 a pop.
I literally had to block, ban and remove everything even remotely Farmville related to be able to stop playing, and more importantly, stop paying. You wouldn't believe the hardcore addicts that I was friends with who would willingly drop hundreds of dollars on release night to get "everything".
Thanks for your side of the story. It's been several months, and I STILL sometimes get the urge to play, however, I don't think I'll ever forget how embarrassing it was to explain to my husband exactly how our credit card got that high.
Zynga = Bastards. I hate that company. All games should come with a warning label, and trust me. I asked for my money back. No dice. In the fine print. Read it and weep.
http://www.reddit.com/r/IAmA/comments/pc6j9/iama_former_fulltime_zynga_engineer_quit_6_months/?limit=500
ZNGA, I was wondering who in their right mind buys virtual cows. I got the answer here:
http://www.reddit.com/r/IAmA/comments/pc6j9/iama_former_fulltime_zynga_engineer_quit_6_months/?limit=500
Just wanted to thank you for posting this. I was one of those sad suckers who paid in the thousands for Farm Cash. It got to the point where it was blatantly obvious that the Zynga team was gearing gameplay for money, and more money. Went from a horse every week, to four horses a week at $5 a pop.
I literally had to block, ban and remove everything even remotely Farmville related to be able to stop playing, and more importantly, stop paying. You wouldn't believe the hardcore addicts that I was friends with who would willingly drop hundreds of dollars on release night to get "everything".
Thanks for your side of the story. It's been several months, and I STILL sometimes get the urge to play, however, I don't think I'll ever forget how embarrassing it was to explain to my husband exactly how our credit card got that high.
Zynga = Bastards. I hate that company. All games should come with a warning label, and trust me. I asked for my money back. No dice. In the fine print. Read it and weep.
Great call snoot. Do we go up to 1258 now?
The way puts options stacked, we may well into a good squeeze.
BEAR till end of August (1144 target possible by then)
Jim
If today is the momentum low, when will have the price low?
Thank you!
Do you expect a breakout from 915 and go to new highs this week or next?
Thank you
More Americans considering foreclosures, despite their drawbacks
http://www.marketwatch.com/story/more-americans-consider-buying-foreclosure-homes?ref=patrick.net
Is this a new bubble? I already know a few who bought properties and renting out and boasting of a +ve cash flow.
When job marker is so bleak, how long it takes it to hit the rental income and turn it into -ve cash flow?
AJ is BKX heading down to 50 dma (32.90)? (EOM)
Jim, What is your upside target after May 26th low?
Thank you
AJ, where do you see VIX heading?
It is about to break below its recent low at 30.59
Thank you
Now that market has taken out stops at 900, it can pullback a bit before closing high at 910/1380 by EOD, IMO
In Edit, Spoke too soon...902 taken out!
Indian Markets zoom on opening, trading halted
http://in.news.yahoo.com/242/20090518/1344/tbs-markets-zoom-on-opening-trading-halt.html
Not sure how long the honeymoon lasts
If we break 882, can make a quick trip to 870
We may bounce again from 892 to go to 898
If we cross 902, I will take loss on SKF
Will we go down to 87x today before bouncing?
Got in SKF in the morning. Expecting to run upto 50 again.
Not really. NDX trendlines, one of the things I used.
Bought FAZ at 4.77, SKF calls and CLF puts.
I will be out by EOD or if we breach 410
Shorted some at NDX 1406. (EOM)
OT - Question to the board
Why everyone expects us to tag either Jan highs or 200 DMA?
Are not they too obvious targets?
(I beleive we should fall short of these targets to trap bulls, with bullish sentiment so high)
Or is it because of program trading?
Thank you.
Bought some FAZ today
My only concern is GS did not hit 144-155 yet
The runup we had in banks this week is unreal.
JPMorgan May Be Asked to Buy More Banks: CEO Dimon
http://www.cnbc.com/id/30562314
----
Pe-emptive measures before stress test results?
Any chance of pullback tomorrow to 898-900?
Thank you
AJ, what is the current roadmap?
Financials relatively weak with XLF just closer to last week's high when SPX was much lower. If they get stronger after stress test they can pull us upto 940+. If not, we may reverse from wednesday highs.
I am sitting on the fence, unable to decide to long or short
AJ, what is your take on BKX going forward?
GS hit double top in the morning and retracing
Thank you
U.S. to Release Stress-Test Results on May 7
http://online.wsj.com/article/SB124118983425877399.html
They are postponing it everyday. Now on 7th
AJ, the stress test results are now probably on 6th and it will be full (not just summary)