Fat Arby

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42 Comments

    • ON: Thu Mar 13th 17:37 PM
      Commented on:
      7 Suggestions for Citi Management
      what you have to understand is that these guys are there simply to line their pockets. they don't give a damn if the company goes bankrupt (think Mozillo) just as long as they have their millions/billions in switzerland and their humungous bonuses.
      Vikram is doing everything by the book - for his own and other execs' interests. Please get this in your mind. Wall St has ALWAYS operated like this and it just doesn't quit until people die, go to prison, or the market crashes.
      View article »
    • ON: Thu Mar 13th 17:30 PM
      Commented on:
      Citi's Vikram Pandit Forced to Bail Out His Own Unit
      thanks
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    • ON: Thu Mar 13th 17:26 PM
      Commented on:
      Sell the News, Buy the Rally
      time is wasted when waste is being exported to china
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    • ON: Thu Mar 13th 17:17 PM
      Commented on:
      Fed Actions Have Produced Goose Eggs
      sentiment is but a summation of what persons are doing - buying or selling. If there aren't enough buyers, prices will drop. That simple.

      If the Romans built beautiful palaces in , say, Segovia, but they ran out of gold, they had to import the gold from somewhere else.
      If someone, then, gave them some gold in exchange for those palaces, they would likely bid low.

      The US ran out of gold a long time ago but continued issuing credit for a long time. Now, we've run out of gold - and credit.

      Look for prices to come down some more.
      I'd say for another 20 years
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    • ON: Thu Mar 13th 17:12 PM
      Commented on:
      Thursday's Options Report: GDX, F, PGNX, DIA, XLF, IWO, IWD
      Agreed
      View article »
    • ON: Thu Mar 13th 17:05 PM
      Commented on:
      A Look at the Cycle of Market Emotions
      maximum financial opportunity - for puts
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    • ON: Thu Mar 13th 16:49 PM
      Commented on:
      What's Wrong with this Economic Picture?
      ambac is slowly digging its own grave, as is countrywide
      how can this possibly lead to consolidation/recovery...
      View article »
    • ON: Tue Mar 11th 01:24 AM
      Commented on:
      Dick Bove Says Banking Is Sound - Time to Buy Financials?
      recession hasn't started. just warming up . smile
      View article »
    • ON: Tue Mar 11th 01:22 AM
      Commented on:
      WaMu: WSJ Backs Up My Sell Recommendation
      shorty

      in troubled times, it's never too late to maintain the trend. Just keep in mind that bull rallies can scare you into taking a loss. Keep reading the news for any major developments in WAMU like mergers, buyouts, etc... but until economic conditions improve there is no reason why buyers will be greater than sellers. I hit myself in the head for having sold my 19 puts too soon then my 16 puts at 12. If only I had had a bit more patience I would have doubled my profits or more.
      tHE bigger question is why? why would a bank with such a large market cap and so many outlets lose so much value in such a short period of time. What hapenned? These are the underlying philosophical tenets which you have to get to know first; then, look at the technicals and choose an entry point.
      The thing might very well rally past 11, but keeping it above resistance at 12 is a tricky thing.
      Honestly, if I had 1000 spare bucks I would short it; Better yet, I'd wait until march 26-28 and catch the price action. If it looks really weak, then given the continuing erosion in financials it will likely fall further. The long put, strike of 9 dollars, closed today at ask of 155 dollars. If you wanted to buy, say, two puts, you could buy one tomorrow right at the open and then wait a week or two and see if you can't find that put cheaper , say, 100 or less dollars.
      Is late march/early april going to send this market up again past 11900? Naw... The international scene is bleak, and China is beginning to look really bearish, so it's a good bet , imhop.


      S
      View article »
    • ON: Tue Mar 11th 01:07 AM
      Commented on:
      CDS: It's Not About Credit
      Arbitrage, isn't that for mergers/acquisitions?

      There's supposed to be intrinsic and extrinsic value in these things, aint' there? So, the lingo of 'cost of capital' and other fancy words works only when the money is there. If the money is gone, as it is gone from bond insurers, some banks, and other companies going bankrupt, no amount of spread/capitalization/... and marking with markers will get them out of insolvency. If you haven't yet caught up, it's usually the banks that taint the litmus strip as the bubbles start to collapse. In other words, the banks created the bubble and the banks indicate the collapse. Our economy is collapsing from 80 years of credit creation so no amount of new credit creation is going to bring the US economy out of debt.
      View article »
    • ON: Tue Mar 11th 01:00 AM
      Commented on:
      Cable Companies Play Catch Up To Google in Targeted TV Ads
      They're still in a creek. It will take some time to navigate to bigger waters, so as long as shareholders dont' care that revenues are tiny they'll make headway at their own pace. Right?
      I don't know if you remember your stock basics, but when investors buy a share of stock they add capital to that company. The company is supposed to use that capital for improvements, thus maintaining interest in that company. When investors sell their shares, they are decreasing the amount of investment power that company has. Such, the big G needs to get rowing - and fast. :)
      View article »
    • ON: Thu Feb 28th 22:51 PM
      Commented on:
      Housing Market Tracker - Subprime Slump Hits Tennessee
      mS wEIL

      I never 'get' your columns, or whatever they may be. They're all disjointed, like studying anatomy/physiology with a bunch of bones every which way and muscles and tendons strewn about. Could we get a thesis, and maybe a conclusion? Thanks?!
      View article »
    • ON: Thu Feb 28th 22:16 PM
      Commented on:
      The Jury is Still Out on the Monolines
      People, people, people ( I didn't copy/paste, btw)...where have you been for the last 80 years? This is THE AMERICAN Way! Big, established companies have the benefit of the doubt in tough times. AFter all , they've been around for a long time and have always come through, have they not?
      So, why worry? Your money is safe in them bonds, and if , for some reason, the market comes crashing down and inflation skyrockets and municipalities start declaring 'bad times are here', well, it was no one's fault! They just market forces!
      View article »
    • ON: Thu Feb 28th 15:56 PM
      Commented on:
      IAU: Can Spot Gold Continue Its Tear?
      There's a real good advisory out there; It took me a lot of hard work to discover, but if you've watched Bloomberg or so you probably saw it. Should I give it up? Hmm, dunno, it was VERY VERY hard to get, after all... here's a name....GOOD LUCK

      CASEY
      View article »
    • ON: Thu Feb 28th 15:54 PM
      Commented on:
      IAU: Can Spot Gold Continue Its Tear?
      Hey Gunther-
      ETF's aren't BONDS , you know? it's a service for you to get in on the HARD METALS, commodities. This might be an equity, but it's linked to a commodity . so, no, it's not going to just go away.! Sure they might get a tiny fee of some sort, but until you trade futures it's your only avenue to get straight in. Straight up!
      View article »
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