AI
Friday, November 25, 2011 2:30:39 AM
Macro and Micro forces more powerful than we have ever seen
Thank you for a very thoughtful post, understatements and all.
I have just come around from my US Thanksgiving
and find this board was pretty active today. A number of good points of view.
I remember some very good properties that changed hands in the big 2008 dip aftermath, due to bankruptcy. Beware of secured financings as we head into what may be a very tight time for credit or placements. It was just a week or ten days back when the EU overnight banking liquidity almost froze up, if I recall being loosened by an IMF and US Fed trading desk.
I do not get level 2 for Toronto, and so an curious how many House or Anonymous are involved in the 20,000 block hocus pocus, and very curious of the mention of counterfeit shorts.
Something is afoot, for sure. It is hard to see what all in the EXS case, but the only thing that makes sense is an attempt to own what we own at a deep discount. Some of this seems to me a natural result of the global macroeconomic mess, some the risk off sentiment, some the weak financials of EXS and its need for large sums to complete the selected strategy of proving up TPW first, some the tax season, . . .
That is nearly a perfect storm in itself.
But if there is also this concerted effort, many days running, to drive the pps down, what is the end game? The volumes have been going back up the past couple days. Would that mean "they", if there is a they, are being successful?
I would be in on what ABG veritas suggested, but I do not think that if I do add the US EXSFF shares would work for objective 1 mentioned - but I have been tempted to cost avg up for many days running now.
If the pps is being driven down - beware of senior, secured financings.
Thank you for a very thoughtful post, understatements and all.
I have just come around from my US Thanksgiving
and find this board was pretty active today. A number of good points of view. I remember some very good properties that changed hands in the big 2008 dip aftermath, due to bankruptcy. Beware of secured financings as we head into what may be a very tight time for credit or placements. It was just a week or ten days back when the EU overnight banking liquidity almost froze up, if I recall being loosened by an IMF and US Fed trading desk.
I do not get level 2 for Toronto, and so an curious how many House or Anonymous are involved in the 20,000 block hocus pocus, and very curious of the mention of counterfeit shorts.
Something is afoot, for sure. It is hard to see what all in the EXS case, but the only thing that makes sense is an attempt to own what we own at a deep discount. Some of this seems to me a natural result of the global macroeconomic mess, some the risk off sentiment, some the weak financials of EXS and its need for large sums to complete the selected strategy of proving up TPW first, some the tax season, . . .
That is nearly a perfect storm in itself.
But if there is also this concerted effort, many days running, to drive the pps down, what is the end game? The volumes have been going back up the past couple days. Would that mean "they", if there is a they, are being successful?
I would be in on what ABG veritas suggested, but I do not think that if I do add the US EXSFF shares would work for objective 1 mentioned - but I have been tempted to cost avg up for many days running now.
If the pps is being driven down - beware of senior, secured financings.
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