Despite Its Recent Run-Up, The DJIA Isn't Expensive [View article]
Well, I think its a shill bear market rally too as I stated...but that doesn't mean I wont make money off it. My plan is to buy the dips until Dow 10,000 and then short everything as by then reality should be setting in
Despite Its Recent Run-Up, The DJIA Isn't Expensive [View article]
I think its very expensive considering America was fleeced out of its stock portfolios by GS and other scum
It is so obvious what they did now. Created panic and lowered estimates to ridiculous levels shorted down and went long at bottom knowing 90% of the companies would be their ankle slapping estmates.... I despise GS and all like them
Getting Bank of America's Share Price Recovery in Perspective [View article]
agreed ... funny stock. I really wish we KNEW exactly what their liabilities are....I mean transparent, not the BS accounting methods they use...I want to know projected losses on loans res/commercial and credit card defaults for the next 2 years.... that is what I want to know before buying in.... never any good DD available to shareholders
Monday Market Review: Bulls Back with a Vengence [View article]
Author: Try and buy NE ( Oil service ) in the 27's on a Pullback.Probably the most undervalued inthe sector..I am making Money on this rally..... it is nice to recoup losses from last year...although I must confess, your Title : "BULLS back with a vengence" makes me chuckle. Because in my heart of hearts I feel this whole rally ( especially the crazy one in India which I feel will have a HUGE pullback) is preety much BULLSH _ _. If I was short this market I would feel duped. Because this market rally over the last 2 months was manufactured and I believe serious collusion was involved. I am not a conspiracy theorist but I do believe the Gov't was also involved in a shadowy way..with no trail to follow. But back to that aspect later.. A rally should not be because a company lost only 2 billion dollars instead of the 2.4 billion analyst estimated... ( in the case of Ford for example) but that has been the case for most of the stocks reporting earnings. A Rally based on beating ridiculously low estimates is not a case for a sustainable rally. BUT I know the street and powers that be want and need this rally ( a lot of wealth has been created and a lot of losses recouped the last 2 months... not bad for the economy huh ? there is the gov't angle) .... so I am in it to win it.... but I will go short in a heart beat once all this nonsense and irratiuonal excuberance dissipates...then again it may not. Back after 911 the govt took similar steps with rates and manufactured another rally and it never looked back until 2007 or so. This will be interesting going forward. I do feel for the shorts though because they actually are using common sense and the Dow probably should be at 6000 and the s and p at 600... I mean the S and P is trading at a forward P/E of what 15? ( educated guess) That is pretty much average and hardly cheap. Just coming out of the so called recession of the ages , mini depression talk , just back in March, I would think the market would be alot cheaper than it is...at least it should be. So I am cautious moving forward with stops in place. If your day trading its good to keep a close eye on the everything, incuding up to the minute news on your stocks, options, futures in the AH ( yeah I know they can change abruptly but still...) as not to sell yourself short on the gap ups and not to lose profits on the gap down. Use puts to protect your downside but dont over do as the market is most likely going to dow 9000 and s and p 900 before falling back hard.... JMHO GLTA peace out.
What Does Bank of America's Decline Mean for the Global Banking System? [View article]
yes but B of A is owner d 1396 funds and the redemptions have been making their mark... the shares could really rallly once funds start buying again ..near term hard to say..15th deadline hedgies so watch it after that..plus with share decline Merrill feal now cost them half of what it was cuz its based on stock price of BAC at closing
I am disgusted by the lack of action by our government. The housing industry is screwed and nothing is going to change that. The Fed must shore up the dollar by raising rates 1/2 a point and buyng dollars. THIS will send oil down and the stock market up. Otherwise we are going to be screwed both in housing and stocks and really be in trouble. BUSH should be in prison... bot just for al lthe lies, illegal war, but stupidity as well: the moron just sent the dollar into further decline the other day. If brains were dynamite he couldn't blow his nose
Much Ado about Yahoo, Fast Money Recap, (4/21/08) [View article]
I have shares of both MSFT and YHOO also... don't see how you can lose on this hedge... Yhoo spec play and MSFT to report above expectations..at least that is the plan. lol you just never know
Despite Its Recent Run-Up, The DJIA Isn't Expensive [View article]
Despite Its Recent Run-Up, The DJIA Isn't Expensive [View article]
It is so obvious what they did now. Created panic and lowered estimates to ridiculous levels shorted down and went long at bottom knowing 90% of the companies would be their ankle slapping estmates.... I despise GS and all like them
Getting Bank of America's Share Price Recovery in Perspective [View article]
Fed Finds a Way to Use Stress Tests to Screw Bank Shareholders One More Time [View article]
FASB is something to consider ..I buy puts and calls no long position on any
Monday Market Review: Bulls Back with a Vengence [View article]
But back to that aspect later.. A rally should not be because a company lost only 2 billion dollars instead of the 2.4 billion analyst estimated... ( in the case of Ford for example) but that has been the case for most of the stocks reporting earnings. A Rally based on beating ridiculously low estimates is not a case for a sustainable rally. BUT I know the street and powers that be want and need this rally ( a lot of wealth has been created and a lot of losses recouped the last 2 months... not bad for the economy huh ? there is the gov't angle) .... so I am in it to win it.... but I will go short in a heart beat once all this nonsense and irratiuonal excuberance dissipates...then again it may not. Back after 911 the govt took similar steps with rates and manufactured another rally and it never looked back until 2007 or so. This will be interesting going forward. I do feel for the shorts though because they actually are using common sense and the Dow probably should be at 6000 and the s and p at 600... I mean the S and P is trading at a forward P/E of what 15? ( educated guess) That is pretty much average and hardly cheap. Just coming out of the so called recession of the ages , mini depression talk , just back in March, I would think the market would be alot cheaper than it is...at least it should be. So I am cautious moving forward with stops in place. If your day trading its good to keep a close eye on the everything, incuding up to the minute news on your stocks, options, futures in the AH ( yeah I know they can change abruptly but still...) as not to sell yourself short on the gap ups and not to lose profits on the gap down. Use puts to protect your downside but dont over do as the market is most likely going to dow 9000 and s and p 900 before falling back hard.... JMHO GLTA peace out.
Stress Tests and the Nationalization We Got [View article]
What Does Bank of America's Decline Mean for the Global Banking System? [View article]
Options Trader: Tuesday Outlook [View article]
U.S. Credit Card Industry Moving into Uncharted Territory [View article]
Much Ado about Yahoo, Fast Money Recap, (4/21/08) [View article]