silicon valley gambler

3 Comments

    • Taking Some Profits in Apple [view article]
      Looking at the graph, it seems to me to be a nice cup and handle and a break from the tiny handle is starting. Technically I don't see a serious resistance till the old-time high. But I will take some positions off tomorrow if it pops. I want a good night sleep over the weekend. May 15 05:51 PM
    • A Speculative Yahoo Options Play [view article]
      YHOO is surely not GOOG, nowhere near it. This was one of the most boring reactions to earnings. Down 30 cents? A total non-event. I did buy May 30 calls, like you suggested, anticipating some move AH. It was money I could afford to lose, but I wanted a bit more excitement, up or down. Dead money. Apr 22 09:33 PM
    • Market Outlook: Watch Out, the Signs Can Be Deceiving [view article]
      I agree, there's hardly anything to feel bullish about. A mortgage officer at Bank of America (we're trying to refi) told us that NOTHING that Fed has done since last November is working for real estate. There is no one buying jumbo loans, so the bank has to keep any loan that it makes on its books. As the result, they have tightened up the standard so much that hardly anyone qualifies. We asked him about the raised limit of conforming loans, supposedly up to $730,000 or so. He said BoA hasn't adopted that policy. (So much for the Congress doing all it can to help.) Contrary to what you see in the media, the mortgage rates remain high.

      So my conclusion is that Fed is doing the great job of helping the buddies at investment banks to protect the world financial systems from the meltdown that was basically created by Fed's policies and manipulations, as they are supposed to do. So the stock markets may see a tradable bounce or two on the way down. Nothing has changed on the main street.       Mar 25 09:29 AM
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