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Well I'm glad ya got started ZB b/c, no, I wasn't aware that etf's were bein traded like the pennies. I consider myself to be fairly removed from the equities....have been for the better part of goin on 3 yrs now. In fact if not for tracking the currencies & watchin Fast Money (& watchin FF is taken w/a grain of salt mind you) I'd be even less in tune w/the equities. I haven't a clue as to any of the tickers you mentioned either....is that sad or what? I take it these are failry well known stocks so I guess I'm really losin it as far as my equity knowledge has gone the last few yrs. So thank you again for pointing all that out.
As far as the dow bottom call....what odds are you given for sub 7 & thus sub 6K? That's the big question imo. I gotta laugh when we hear folks given out calls like this (myself included at times) w/out sayin what they feel the odds/chances are of getting there. So when I hear folks lay calls like this out there w/out giving odds/likleyhoods I automatically think 100%...lol
I know u said a real possibility & so I take that to mean you think it's better than a 50/50 shot....after that I'm not sure. When I talk about 72-7500 I'm in the 75% range....not sure I've ever even stated that b4....dont think so? & when I hear you say 6K of course it makes me think I should be layin even higher odds than 75% for 72-7500..lol
Oon the Benny/Paulson thread....I coulda sworn that when Paulson was testifying in front of Congress he was making it sound like it was a no brainer that some of this money was surely gonna be goin towards bad mortgage debt...& he went on to say that this issue was one of the one's at the "forefront that MUST be dealt with in order to climb our way back out of this ordeal" not verbatim here but fairly close & thus in so many words as I recall. I did listen to the live testimony (did I say I was a Geek?) & then read excerpts of it fairly soon after. I'm gettin a real finance geek of an itch ta see if I can go back & pull up the actual testimony.....especailly now that I feel he's back tracking & re-nigin on the deal.
I can just imagine back in the day goin to my dad & askin him for for a few bucks cuz I got myself into some trouble & I need the money to make it all go away...then by some miracle of miracle's he agrees ta give me the money.....then I tell him after the fact that I'm gonna be doin somethin else w/the money.....don't think I'd be here ta tell the story...lol
OK...gotta run....got 1 home sick today (& thus most likely manana)..the older one & we gotta get the lil 1 off ta preschool in about an hr....me thinks the lil 1 should be gettin it w/in the next day or 2 from her older sis :0
Good thing they both got their flu shots....tho come ta think of it...the lil got the actual shot...the older sis got the mist up both nostrils.....wonderin if the shot is the better way ta go...more beneficial vs the mist?
Catch up a lil later on.
Ya mean they haven't failed?
Funny how GM is tryin tas make us all believe they are too important & vital to fail...what makes it any different than Lehman? If they are gonna use $$$ to bail'em out...they should at least change the biz model & start making cars folks wanna buy....lower emissions, higher MPG, etc...at least they'll be savin the jobs that way & at the same time makin a VIABLE product.
But that would be too wise of an idea for our govt ta pull off.
I understand all that...& was speakin in very genl terms....not so much w/re to individual stocks but more so w/the broader indeces. So pls tell me.....do u really think the dow, etc is w/in 10% of the bottom? If so wouldn't u agree in that a longer term buy & hold start at these levels is prudent for the average investor?
If ya think the mrkt is gonna correct more than 10% to the south then I would agree to hold off on that long term approach.
But this is what I meant by that post. If folks are waiten to try & time the bottom, they're nuts....do ya really see the dow sub 7K?
It wouldn't surprise me if so but I still think the chances of that are no more than approx 20%....I'm still sticken to my 72-7500 bottom call....which albeit is a few pts more than 10% from here but I aint splitten hairs. So I aint sayin to go all in here....but I'd be ever so slowly nibblin & continue doing so thru the end of Q1.
That lobster analogy may be more applicable for the pennies....not so much the broader indeces.....just my 2 cents...which is worth more like 1.5 pennies :0
Shapin up 2 b an ugly day manana...w/tech/chips "leadin" the way.
& Paulson...continues to be unreal..."in short "we're gonna be takin your $$$ but have no clue how we're gonna be usin it...& when we do finally figure out what ta do w/it, dont think we're gonna be tellin ya or showin ya exactly where it's goin.
I just cant get past the fact that we have da fox guardin the hen house. He lobbied for what has turned out 2 b the creation of this mess we're now in while w/GS...eventually got what he wanted & now overseein Kashkouri (TARP puppet) so we can bail all his Cronies in the finance sector out....w/our money. There is no justice...never will be as far as this matter goes imo.
Oh & I didn't even mention that now he's done an about face w/re to bad mortgage debt.....R U KIDDING ME?? No help whatsoever for bad mortagages....correct me if I'm wrong but wasn't this HIS primary selling point to Congress as to why we needed this money? So now he can all of the sudden just change his mind & ignore one of the (if not the) biggest roots of this problem.....WTF?!?!?!?!?!?!?!
Am I missen somethin here? Someone pls tell me yes & explain.
L turtle @ 95.1/eom
Covered 1/2 the aud short & lettin the rest ride....this is fun...havin 10-15 min scalpin positions then taken 1/2 home & prayin for the 100+ risk free jackpots...lol
yeah & we will never be...no matter how many books are ever writen on him.
I think what it meant by he lost his groove was that the media is now preachin that the buy & hold strat that we've all been taught thru the yrs is bust.
Not sure why...especially now w/the indeces where they are? it's crazy....dont they tell folks to buy when there's blood in the streets? Now we're being told to become traders. Sure they want everyone to become traders down here...as the dow will surely recover over the next yr or so...they want us all to lose our ass to the big fish who are all the while builden up long US equity stakes for the next decade.
Firggen up is down & black is white...tphhfftt!!
already covered 1/2 the euro/jpy short @ 119.33....got as high as .77 then came back to me.....lettin the rest ride & set the s/l to b/e....& now I see where the b/e s/l just got taken out.
Gonna have ta get used to bein happy w/the majority of these plays gettin stopped out @ b/e & take the few home runs I happen to fall into.
A few more trades like this tho & I'll maybe beg ta feel like the mojo may be comin back.
Shortin aud/us here @ 6426...thinken 6390 b4 6460.
& I'd like higher prices...like north of $4 b/c the more so prices are up, the quicker folks get pissed & wanna invest in green technologies.
I think this is the game OPEC is playing & has been for quite sometime. Even tho it's proven that they really haven't been able to manipulate prices all that much w/re to the production increase/cutting strat....there's is a point where prices will indeed begin to reflect production cuts/increases. & when folks begin to really scream (mid 3's & above)OPEC backs off cuz they want us to stay hooked...at least until we get closer to the bottom of their barrel. They still have bills ta pay for all the expansion goin on over in the UAE & if not for our major dependance on their crack, who & how are they gonna be payin all their infrastructure bills?
This was but 1 point the doc "Who Killed the Electric Car?" touched on.
I agree Nettles...we all need to start payin the piper here ta get us out of this mess....from higher gas prices to spur on the efficiency/conservation/green movement to taxing all financial transactions...as opposed to taking the easy route...running the fed printing presses & making us pay for it all in this manner...which in the end only helps the powers that be continue to keep the masses suppressed.
Just think...w/the dow at historic lows & all the money on the sidelines (Mutual Fund, etc.) waiting for Q1 before they junp in, if there was an imposed tax on buys & sells (like .10-.15 cents per trans) just think how much & fast we could begin to eat away at the losses. This is just one idea floating around....& you would think w/an Obama regime ideas like this could get some traction behind it. tho w/folks like Buffet & Rubin advisen that may not be a serious consideration...sadly. Volcker maybe...but The Oracle & Rubin lean more so towards the Rep way of finance I believe...keeping taxes low, etc.
Even so.....I feel there's soooo many better ways to get us out of this mess...the money is out there, we just need to figure out a way to grab a piece of it. Not sayin we shouldn't also run the fed presses to a degree....just not nearly as much...maybe 2/3 rds of the 700 (& most likely raising). If they created say 150-200, that in combination & coordination w/a few other creative ways, I think we could dig ourselves out of this hole w/in 5 yrs time...tops. The route we're headed....even if managed properly (& that's not such a sure thing) we'll surely be saddled w/this bill for at least a decade....& I'm not even considering all the after effects.....inflation, etc.
OK....who here is shortin eur/jpy?
short here @ 119.63....thinken .30 at least b4 .90
& then again....
"Buffet has Lost His Groove" hehe
http://www.thestreet.com/story/10447422/1/kass-warren-buffett-has-lost-his-groove.html?puc=_txtmdb
yeah but aint the real ?.....
how much...r they jus a nibbler here (which is my guess) or is it peddle to the metal?
If it were the ladder....me thinks it'd be showin more support/bullish moves here in the 6400 neighborhood.
Funny tho how it popped up from 6350...wonder if there's any correlation at all to that & the timing of the article?
Paid 2.20 somethin ystrdy @ Costco.....felt like it was 5 yrs ago. Sad thing is everyone is so damn conditioned now a days.....we're actually happy it's under 2.50. If we were further along w/our renewable/green efforts gas would surely be in the $1-1.50 range...where it should be in the 1st place.
Just finished watchin the Doc "Who Killed the Electirc Car?"
Actually found it at our local Library the other week...so we checked it out...not a bad doc.....& if ya find it at your local the library the price should be right...as in free.
Unreal what GM/Saturn ended up doin w/all those cars....quite a sad commentary on how things are run here stateside.
is the music embedded or supposed ta begin playin when the page opens?
never mind....it's country music....I b a Cali kid from the early 60's....I can't relate to all da twang ;)~
Catchin up on my Gypsy episodes tho.....now there's somethin I dont wanna miss.
D.R. Horton is a home builder....& when I click on your link I get multiple D.R. charts....all the same.
Is that not what you & or others see when hitting that link?
http://www.theforexclub.us/kAtCoUnTry.htm
Wut up w/the redundant d.r. horton charts?
Freakin meetin was a BUST....they've had the wrong addy listed on the site for quite sometime ....at least MONTHS & have yet ta update it.....drove 60+ mi's r/t for nothin....cept I did meet one other guy who showed up there as well...so we sat & talked shop for a few mins & exchanged contact info.
& if u happen 2 b readin the board Rey....lookin forward ta speakin w/you again real soon.
Cheers!!
OK...no1 around & I'm steppin out....actually off to a 4x Meetup Group that I never get ta go to down in San Jose. Bein that the Mrs' is home today I'm taken full advantage & headed down there for an hr or 2.
There's the main Guru there who talks live TA & folks are able ta bring their laptops & go live w/him while he's lecturing. Like one of those day traders clubs that were so popular back in the days of the net bubble.
Anywho....lookin forward to hangin out w/some 4x folks in da flesh & do a lil networkin. + I really need it b/c the last 24 hrs I've really been taken a stumble...lost da Mojo I had for the better part of a week...time ta regroup.
& CaT....ya got mail...a real Truckers Diddy...hehe
Take care ya'll...Cheers!!
& on the topic of our Vets....
here's one that's been makin the rounds for a few yrs now...
Sears - Christmas shopping has already started
I know I needed this reminder since Sears isn't always my first choice. Amazing when you think of how long the war has lasted and they haven't withdrawn from their commitment. Could we each buy at least one thing at Sears this year?
How does Sears treat its employees who are called up for military duty? By law, they are required to h old their jobs open and available, but nothing more. Usually, people take a big pay cut and lose benefits as a result of being called up.
Sears is voluntarily paying the difference in salaries and maintaining all benefits, including medical insurance and bonus programs, for all called up reservist employees for up to two years.
I submit that Sears is an exemplary corporate citizen and should be recognized for its contribution. I suggest we all shop at Sears, and be sure to find a manager to tell them why we are there so the company gets the positive reinforcement it well deserves.
Pass it on.
Decided to check this before I sent it forward. So I sent the following e-mail to the Sears Customer Service Department:
I received this e-mail and I would like to know if it is true. If it is, the Internet may have just become one very good source of advertisement for your company. I know I would go out of my way to buy products from Sears instead of another store for a like item, even if it's cheaper at that store.
This is their answer to my e-mail:
Dear Customer:
Thank you for contacting Sears.The information is factual. We appreciate your positive feedback.
Sears regards service to our country as one of greatest sacrifices our young men and women can make. We are happy to do our part to lessen the burden they bear at this time.
Bill Thorn
Sears Customer Care
webcenter@sears.com
1-800-349-4358
Please pass this on to all your friends. Sears needs to be recognized for this outstanding contribution and we need to show them as Americans, we do appreciate what they are doing for our military!!!
It's Verified ! By Snopes.com at:
http://www.snopes.com/politics/military/sears.asp (shows the entire article)
Hey....UB....dollar Bears....
pass the bandaids.....unreal this rally is eh.
Which hat would ya like me ta eat Daiello?
Tho if ya also take in2 acct my dow double bottom call...that should at least make the hat a lil more palatable :0
Indeed what Villas said...& then some......
& y on earth is Wall St even open today? I had assumed the US mrkts would be closed on a day such as today.....heck, aint the banks closed?
Guess nothing gets in the way of we Capitalist Pigs.
& CaT (did I get it right there?) have u gome from $50 to 1K in a weeks time?
Dude...u really to need to moonlight once again w/the MA thing....you got $100 comin your way if ya wanna consider it.
Off now ta go get my next Gypsy Trucker fix...but most importantly & again....it can never be said enough.....THANK YOU to ALL our Vets, past, those still serving, their fams & even tho it aint Memorial Day, THANKS to all who've made the ultimate sacrifice & have paid w/their lives. You've all helped to build & strengthen the finest nation this universe has ever known. As many probs as we face today, still, this nation is the best, most sought after soil to live on...no doubt...at least in my mind & I think it's safe ta say I aint alone in this belief.
what...for knowin it's a song?
OK....partial credit....but next time....only names will be accepted....& non-goog'd.
Ni TZzzzzzzzzzzzzzzzz aka Bed Time for Bonzo
now that's goin waaay back.....even b4 my time ;)~
& here I thot u r gonna say it was
8675309
betcha Jester gets is....maybe even Daiello 2....& speakin of which, yes Daiello....the greenback top...not dow double bottom....& if ya get the above ref'd comment (8675309) I'll call it the Daily Double...Alex ;)~
& we have a winner....Johnny, what prizes do we have today for our Contestant?....but 1st...a word from our sponsor....cut to the Palmolive commercial...& yes, I am soakin in it :0
I was talkin about a conversation me & Daiello had a few days ago about the double bottom call of mine (dow).....I told him to bookmark my post & we'll revist the call in due time......he agreed & my reply was...."Book'em Dano"...for which I then said I was sure that one went over his head b/c it was wayyy b4 his time....just as Dan Tanna surely is.
Check it again...just added the link....
I gotta say....kinda surprised it went beyond u 2...lol
ya mean Dan Tanna? ;)~
there's my 2nd TV trivia drop on him in less than a week...tho like the last one (Book'em Dano) me thinks this one is waaaay b4 his time as well...lol
http://www.imdb.com/character/ch0004489/
budda-bing-budda-boom
I hear ya there Sistah....my bug a boo...the thing that riles me...unloaden 1/2 for the bank & settin the s/l to b/e w/the rest....more times than not I find that I end up given back 1/2 of what I coulda had hitten my s/l @ b/e.
Perhaps I should make it a rule to unload 2/3rds & let the other 1/3 ride?
OK....gotta run....lookin forward to the next Gypsy Trucker episode...kinda fills my Beverely Hillbilly void ;)~
"you'll get burned"
no lie.....& Tommy....post your calls anytime...& more importantly why & or how you trade...that's the key...a cosnsitent strat that work for your own risk/reward level....welcome aboard.
Having said that....I'm now in the process of finally learnin that especially at the beg...ya gotta take the small profits fast & build the acct in this fashion for quite sometime. Build yourself a nice cushion w/small profits....then when ya fiannly get the decent buffer u can afford ta let the reigns out a bit.
I'm gonna be in the scalpin mode for awhile....playin w/a new 1K Oanda demo now on 30-1....up $40 since ystrdy. I chickened out & decided ta bail out of the eur/jpy short w/a small profit....& of course it went pretty much where I thot it would...south of 126.70...lol Still, happy w/the additional demo $9 this AM. Think I'll finally break down & actually fund in 30 days...as long as I'm able to show at least b/e or a profit by then. Up 4% in 24 hrs so I'm punchin out...taken the $$ & runnin...til later on this afternoon/tonight...lol
Been meanin to ask....anyone here ever hear of the fruit drink "Monavie"? Not asking as a biz venture per se (it's one one of those dreaded MLM/network mrtktg deals) but more so as a health benefit? Anyone here hear of it b4 or has tasted it? It's aint cheap....at least it's more expensive than a cheap bottle of wine....somethin like $30-40/bottle which is supposed to last one person a month. Anyway, it's loaded w/tons of antioxidents & other valuable health bene's. It's supposed to lower cholesterol (the same acting non-alcoholic ingredient that's found in red wine) & help w/joint support as well....& prety much just make ya feel better overall after approx 2-3 weeks....more natural energy, etc.
Curious ta know if anyone here has heard of or knows anything about it? Thinken of plunkin down the $39 to become a Distributor..not so much to sell it to others as stated...more so to get the price per bottle down....& if I happen to sell some along the way, icing on the cake.
Cheers!! Literally this time ;)~
When has OPEC really ever been able to truly control the price by the supply?
& this is what I'm basen it on
euro/jpy hrly
12-Bar Cycle: 11th along, 1.0 to go and hard down.
17-Bar Cycle: 11th along, 6.0 to go and hard down.
8-Bar Cycle: 6th along, 2.0 to go and hard down.
The lower side potential target objective emerges at: 125.40/50 (the common gap from the Asian market opening); 124.40/50; 123.40s; and 122.40s. Watch your stochastic when any of these supports get hit for a turn around (bullish counter play). I would use a price magnitude scale of 180 pips or so in the H1 for this upswing and 450 to 550 pips in the H4.
Key reversal Resistance is being monitored at 126.80s with 126.40 as early signal for short position stop loss.
D1 key support continues to track underneath in the vicinity of 124.40s with forward line of support seen at 125.20s. These numbers extracted from the D1 may arrest the down activity seen in the Hourly components.
Good AM.....a day off for me as it were....
the Mrs' has a teacher work day (no kids) so she's taken my AM dooodies & also taken the lil 1 to her work for a few hrs ;)~
So it's jus me, the pooch, the board, charts & lil P'n Q...so I broke down & went out & got me a rare weekday Buxter.... Heaven ;))
Left my usd/chf short w/a few bruises....now workin on a another euro/jpy short...which is hurtin....lookin for a 124.86 exit...& is it stands now I'm under water on 2 positions to the ave tune of 28-30 pips....holdin on awhile longer tho cuz I'm pretty confident it'll be seein 124.75..at least b4 before 126.25..given myself a very wide stop there....but I think the risk is worth it here.
covered euru/jpy @ 125.89 = +26....
but now I'm workin on a short us/chf mistake....short @ .1743...woops :0
short euro/jpy.....gonna try & go w/the trend for a change....
126.15 & already green.....
Snow? When that occurs where I live that's our cue that Hell's freezin over.
Fine.....how about simply...
Don....I'll never remember the proper one. :0
& yes, I am a dog person....albeit minus one dog since election night....still not feelin myself.....but it was time & I have no 2nd thoughts about it as she couldn't take more than a step or 2 w/out fallen during the last 36 hrs.
OK....lets focus on the topic at hand....
covered both trades....well I did take 1/2 off the table on the euro/jpy short.....still riden it south while longer...or at least gonna try to.....covered all of the aussie short.
Ya gotta love Oanda as they allow ya ta do such a thing.....scale out of positions.
short euro/jpy @ 127.74 & aud/us @ 69.06....looks to be a (dare I say) e z 20-30.
Gold & the euro lookin like the bull oudda da gate.
I can pick it up @ the airstrip...
but I sure as hell dont wanna hold or manage it :0
Yeah that's sure is our kunundrum......having a coin w/many sides & decision makers who couldn't even find the right side if it were 1 sided.
Dang if we cant even decide how it is we should go about deciding....which is why we'll simply continue 2 b screwed no matter what party is "leadin" us.
Just finished watchin Fri's Fast Money (which was from Washington...speakin of politics).....Berkshire just booked 1.26 Bil in Oct Puts....then next on the ticker was they lost 4.25 on calls.....sounds like my rate of performance....lol
Guess it's hard for Buffet to try & become a trader....which this mrkt is forcing folks to do. After all the yrs of being told to buy & hold...now that's no longer working. So now we're being told to either sit it all out on the sidelines or if ya have the kahoonas to trade, only do so if u r going to be safisticated enuff to hedge w/puts or at least go long the short indexes like the sds if u wanna go net long.
But I'm thinken to myself as they are all preachin this to us...is this not a great time to at least begin nibblin long?
Why on earth should the average Joe & Jane even attempt to trade this market when its' at pretty much decade lows? If you have a time horizon of a few yrs I would advise the every day run of the mill novice trader to begin cost averaging over the next 12 mos. But most definitely not advise to try & play around w/puts & calls & hedging....after all, these folks dont have the time to do all this research..let alone gettin fancy. I gotta say, even I could make a long term killing in this market....just friggen cost ave the S&P over the next 12 mos or so & in 5 yrs time I bet you'll find u r up at least 20-25%...conservatively. Who here doesn't think the S&P wont be north to the tune of 20% or more from here in 5 yrs time?
Can't believe that they aren't tryin ta tell folks that this is a great time to begin slowly goin long....just goes ta show ya they really don't have your best interest in mind....just feedin the brokerages more chum.
& the politicians they had on...1 was a current admin guy who was asked about the transparicy of the TARP (not Kashkouri...the top TARP dog)...& his answer was....we dont have the time to worry about transparicy, we must trust it at least in the beg b/c we need to get the cash flowing out ASAP.....we can worry about transparicy later after we have ample time to figure out in what way/how to make it transparent.
Are u kidding me....that's like me walking into a bank & sayin, I've blown a wad of cash on a few bad decisions so pls give me some money right away.....& later when I have some more time I'll be sure ta let ya know just what my plans are w/re to how I'm gonna proceed. Sure....that'll fly....I'm sure Paulson when he was head of Goldman woulda bought into such a line of BS.....come ta think of it, he prolly would...lol
UNF'nREAL!!!
Now I'm confused.....u read everything.....yet u skim....
I think there's a job on politics for u.
& Jester....even tho I have the actual spelling right, I'm still wrong....have you been talking w/my wife perhaps? :0