User 236687

WaMu: Intensification of Stealth Buying

I keep saying this over and over again.This is not an overnight story and the stock reflets the news.The sector is taking all the hits and bouncing right back with in a day or two.The bottom is very near as I said the prices as far as wm is concerned refelts it.People need to get out into the filed and stop looking at spread sheets and watching tv looking at past reports they do not reflect the speed of the current clearing that is now taking place in the hardest hit areas.To me that is a huge key for wm and some others The other areas have all come down it's all very complex.You need to understand the dynamics and hit the areas and see for yourself with a combination of your spread sheets not only base it off of what you are hearing....You will be left behind.Clearing is the key and at 3.5-4.5 wm is a solid buy all day long I will even go as high as 5.5-6. But in this market there is no need to pay that number for now.We are catching a huge break with the dollar and the eu's slow down and the commodity back up.All that means is our problems here in the U.S. will be backed by others.The last statement just adds to it. I know some will say different. jmo Get out into the field and do some block buying of these properties going into the new year.They are in the stocks give or take 12-17% between the short plays.WM is there now.Look at the funds trying to buy in .You will not here that in the media.Bil of dollars trying hard to buy in at Mer prices. No one else wants to sell at mer's price. Mer was forced to.Where is Mer's stock price now?That has to tell you something.I am long a basket of too many to list.I am no rush.Good luck everyone.

Financials To Resume Meltdown Momentarily

In paragraph 1 you countered your own point with the short rule on rumors which will force another move by the SEC.I Still do not know what will come out of it down the road. 2.The consumer: I understand your point.However I feel that in august there is a need for them to spend for a number of reasons now that energy shows signs of retreating and that will help their mindset and that will get them out and into the stores.The bar is so low and we always under estimate the consumer and their need to spend on themselves and their children without including intangibles.It will slow but again the bar is about an 1/8 of an inch off the ground.3.This is a big one because as you know the reverse of this trade can make up the difference in a hurry with today's trading abilities.I think people like that will do just fine.I'll leave it there on that for now.The .22 move is to involved for me at this time to get into it,but it needed to be done @mer and not all are created equal.Others on the buy side have to be looking at this and knocking on some doors trying to get in at those prices.That is why nothing else has moved yet.Maybe more go maybe not after watching the problems in the eu .22 here is looking cheap if a small percentage pan out and the price declines level of soon.I think they do into the elections by the new year.4.I am close with you on number 4.just not that far out.My reasons are many.I"ll give a few.The rapid rise of foreclosure sales from the people that could not face reality combined with the same homebuilders and the hardest hit areas are clearing inventory very quickly now.The faster they go up the faster they move.Everyday more get dumped into and cleared where as before it was stagnation.That to me is a positive sign.The banks are taking the provisions ,recent run ups in some not included reflect it. If that countiues like this while the Gov has the tools availble.People will be able to come back in was stability in our political sytem sets in.Again,as you know the markets make the turn way ahead of it.Today's number just placed the bar even lower,which is good for an possible upside and a further downside in energy/costs....

Five Stocks to Own Now that the Dow Has Bottomed

I read it. I was in a bit of a rush.I do not see it the same the way.To much is being made of the olympics and the pricing into their markets is almost out not yet.On wm at 3-4 maybe 5 depending on a wide range on circumstances and economic varibles, time frames, risk tolerence etc...that is your opinion and that is fine.It is not a shooting start by any means.I didn't say it is cheap I didn't go there In 1 to 2 years I feel there are a few that can turn into a huge return.I built up a basket of them.We'll see how it plays out.I did bite around 4 but I am not in a rush or expecting any miricles tomorrow.On China.I am not in the camp of China falling off a cliff as far as growth goes and everyone going back to rice while living underground and riding bikes same with the other parts of he world.When those stories come out and a low numbers hits I'm looking to buy a little.Tech is another area where the U.S. has a huge future out in front of it.The air just needs to come out of all this first....The demo numbers are much to large to ignore.The other area I like is Coal.It will also turn into a great buy if it countinues this way.Have a good day I have to get back to work...
On Aug 08 10:03 AM supershort wrote:

> User 236687:
>
> You have not read my post carefully. The buildout in China, India
> and Russia are done. The little glimmer of hope has been tied to
> the olympics that their economies will continue to grow at a pace
> that has been priced into the market. The slowdown affects everything.
>
>
> As far as WM. If they were clamoring to get in, the Saudi's would
> have jumped in again, just like they did with Citi and they got burned,
> but so did Citi. WM is not a good investment in my opinion. You may
> think it's cheap and at $5 it may very well be, but how are they
> going to make earnings? Write more loans? The industry is broken
> and will be depressed for quite some time. If you wish to hold this
> for years and risk another "shoe drop" then go right ahead. But the
> potential for more runs on banks is there and quite real. WM is not
> in great shape.

Five Stocks to Own Now that the Dow Has Bottomed

I like how you make the call after a 4% gap down after the fact and it is something everyone hasbeen sitting on.The real question is by how much and if it is in their market for the long term.I am not here to ridicule just to state how I feel about what is going on in the near term.I also feel that over the next couple of weeks the best buying ops will present themselves in those markets and should be taken advantage of.All the commmodities and buildouts etc...will proceed.I am not only making a refernce to China even it they are cut in half which is a pipe dream goto India Russia and so on.There is a whole other world out there.The sell into strength trade is still on for now even through it looks overdone,but I am not the market.That is why the prudent thing is to wait it out or to cut your growth rates by whatever metrics you are ok with and go from there.Here is a question What does China and the games have to do with wm?If the slowdown is in effect there,and in the eu,which the market is playing now.That is helping the dollar and our markets at the present time.All of which is pushing inflows here and into the financials.I do not understand your point as it relates back to a wm that is a differnt animal.I would look for others from abroad to start pushing even more money into our financial system in a more public way very very soon.


On Aug 08 07:17 AM supershort wrote:

> "whenever an article is written by an author whether right or wrong
> he puts his name on the line.
> but i find that people who ridicule the article do so hiding behind
> cowardly screen names. show some balls and print your name atleast
> "
>
> Sure, maybe use a name like User 238740&1/2.....
>
> Jobs report was dismal, still in a downward slope. Waiting for the
> "magic number" when they will all scream "RECESSION." That is when
> that may be time to call a bottom, although I think the global economy
> will be sluggish for quite some time. I look for China to go into
> a major slowdown now after the olympics are over. The tendency is
> to overestimate the impact of any specific event on the economy.
> There are already reports that the cities are smog filled and even
> some of the venues are inadequate. The massive buildup of hotels
> has been overdone and there are more than expected vancancies. China
> didn't plan on the global slowdown and thought they were going to
> go like gangbusters. Their numbers are going to be way off and then
> just like when someone gets buyer's remorse, they will cut back spending
> to make themselves feel better and conserve capital. Look at all
> the cities where the olympics have been held. The lasting economic
> benefits have been brief and usually followed by a period of contraction
> before starting another leg up, Lake Placid, Park City, Sarajevo,
> etc.....
>
> To Ricki who bought FRE on July 31st....You enetered a bad position
> as the chart shows you bought right at it's peak and it appears it
> will test the low of under $5. It may go back to 3.89. That is a
> technical base. So your options are this.
>
> Sell and protect against further loses, as it is highly unlikely
> it will reach your entry point anytime soon.
>
> Hold the position but sell calls on your stock. Though it has run
> down quite a bit, the calls will bring in minimal funds.
>
> Buy puts 5 strike price, and hold your position.
>
> Wait for the lows of the year and then double down or possibly tripple
> down your position to play the bounce. This is the riskiest and takes
> a planned strategy becuase it is only used to get out of a position
> and not as an investment. Sometimes I close out my bad trades like
> this just with a minimalk loss as compared to a huge loss, just to
> "get out." Never hold this position for more than a 5 days after
> the bounce because the stock will usually retrace and then you are
> going to have a larger loss than you had originally.
>
> Given the market and financial conditions, shorting the XLF is a
> better play than goig long. It has had a nice run up and you could
> pocket an easy 10% within the next few dfays.