There have been so many distinctions made between main street and wall street in the media that is sickens me. Its just the blame game. I expect it from those damned nay-voters on yesterday's bill... face it.... they're probably political "scientists" anyway. I told Will in my lab, the sad thing is, most Americans won't realize this crisis has very relevant causes from how they spent their money in the past. He agreed, and we agreed that this Bill had to be passed. My macro professor, Zubeyir Kilinc, also said it had to be passed. I couldn't help but smile when he told the class that papers, books, and dissertations will be written on what happened yesterday--something I've been telling everyone for the past few weeks. I also loved it when I asked him how people finance houses in Turkey to which he replied: "we save up for 20 years." This is exactly what my dad did! Look at what a little bit of skepticism did for my dad. He doesn't buy on leverage. He buys with money he has, and is therefore hardly affected by this mess. Sure he'll have to pay for this, but we all are.
Side notes. Bingham(Uk's FRE/FNM) was sold to govt yesterday. Spain's Fortis bank shut down. Credit rates rocket again b/c of intrabank lending fears. I realized yesterday just how much the market is hype after the bill failed in the House. We created this bill. We publiziced as our savior. Thus when it fails, regardless of wheter it will work or not the dow plunges 777. Think of it this way, if the bill was never written or spoken of, would the dow had fallen 777 points yesterday? Doubtful.
No picks or watches for me for a bit. I've got a wounded leg to take care of, and midterms/quizzes to read for.
Tuesday, September 30, 2008
Monday, September 29, 2008
Why the DOW fell 777(too bad it wasn't 666) points and I made money today!
I made money because I haven't taken risks with popular stocks this whole time! Why mess with them when there is plenty of money to be made in my niche alone
Plenty to be said about today, but I had a horrible bike crash and I'll leave it at the positions traded
SIL short 1500 shares at 2.18 cover at 2.10
+100
$6147.64
I hope I don't get stitches tomorrow.
Plenty to be said about today, but I had a horrible bike crash and I'll leave it at the positions traded
SIL short 1500 shares at 2.18 cover at 2.10
+100
$6147.64
I hope I don't get stitches tomorrow.
Saturday, September 27, 2008
i hate...
it when people degrade internet slang into "wut" "tat" "iz" "dat" Come on people, we're looking to shorten the amount of typing we do, not butcher the english language to make it sound like we're all podunk second graders, son of klansmen, from mississippi. YEE HAW!
anyway
Trades
Thursday
Covered o/n short on SIL @ 2.59
+607.42
Friday
re-entered SIL short at 2.28 and covered right before close at 2.41
-$147.00
6047.58
I still need to be grounded from my gain. I have a day trade but don't plan on using it untill Tuesday. Plenty of potential with the bailout news for monday. My beloved penny financials, and a few nice risers like HYDG that the GOTS crew has my back on.
There has really been some interesting plays to mention from this week. I've seen stock tank and break-out in very irregular patterns.
CEG had an epic fade from the $60's to $14
TGIC had a huge interday spike
NCC had 300% EOD on friday.
What does this? .....liquidity, lies, rumors, but most of all perception. I told Lawerence, the market hardly reacts as we expect. It's all about perception. The funniest example being AAPL's iPod and iTouch release day. Nobody cared about the new products... everyone wanted to see if Steve Jobs looked like he was going to die soon. Had he not worn thigh and chest implants the stock mighted had the GOTS guys cheering "TIMBERRRRRR". j/k about the implants, he was fine... well, at least according to the CNBC reporter that specializes in assesing CEO health at press confrences. I think that this is just the beginning too. Something is up. How can a stock have 30-40% interday swings 3-4 days a week? This is insane and far from over. I don't see an end to these swings simply becuase everyone fails to mention them. Of course, as everyone knows, efficient markets eliminate easy profit strategies over time, and this may be exactly why no one talks about it. Though, we've seen 5 big guns (count them FRE,FNM,LEH,(sorry LEHMQ), AIG, AND WM) all fall to become pennystocks. Too bad everyone fails to admit just how serious this is to the amerian public which is why pennystocks will continue to pwn joo noobs @ teh soaring and sinking the way they do.
As I told ben in a quick email today. FRE/FNM should open up to news of the bailout certain to occur tommorw(....or tonight rather) evening. Who would of called that the entire U.S. market could collapse due to a crisis in a single investment sector? oh yea... i did. This is all surreal, nonetheless. The extent of which it has happened has been played up by the media as almost unexpected. I guess I should do like I did before, forget the media, read my own history books of the market and come to my own conclusions. That being said, the potential to invest in Asian markets is huge. Seriously, just in terms of business imerging in weak financial markets. As indos and chinese start being able to afford the goods that us in the west have been basking in for years, supply will find its way to the demand. Business men will build their business. High fashion in India has yet to come, superstores are beginning to make their way, the online shopping potential hasn't even been tapped. When I went last xmas, I remember how shocked me and my dad were when we were at a hotel(restaurant) and the punjabi's next to us whipped out a birthday cake with candles during dinner. this was a first! people don't have TIME to do this in India. Work in the fields, or work in a cubicle picking up phones... this is what its been for indo's up till now. It shows, they aren't spending their time working. They have time to spare to celebrate and relax, and more importantly, they ahve the money! This was a moderately nice hotel too. moving on, in india, with products like the TATA nano being unveiled, an entire new class of people in India are going to be buying cars!And you can bet their ass'es are going to want to roll further than down the street than to eat some samosas, and mango chutney. They're going to want to travel, go on vacation and indulge. Jim Rogers said "If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia." Look at all of the worthless public companies in America. Why can't asia have them too??? This is huge. During dot-com, IPO's shot through the roof regularly. Tripling, doubling...fuck, there was no use for techinical analysis. Just follow the crowd. These companies are going to want to follow the capitlistic model and join the free market. Plus, its a nice accomplishment to be public. So let the IPO's happen. Let each company have it little bit of publicly traded glory. LET THE PRICE and VOLUME ROCKET. Thats exactly what traders want. As long as there is volatility and liquidity there is money to be made! Someone(i forget who) also made the point that up and coming nations have the benefit of learning from our mistakes. Well, now the whole world knows just how risky mortgages backed securities are. We should get a fucking award for the amount by which we help others by showing them exactly how to screw your entire economy.
Like I quoted Cramer last time, "there's always a bull market somewhere." But I say, who says the bull market has to be found in America? Or even the west for that matter.
anyway
Trades
Thursday
Covered o/n short on SIL @ 2.59
+607.42
Friday
re-entered SIL short at 2.28 and covered right before close at 2.41
-$147.00
6047.58
I still need to be grounded from my gain. I have a day trade but don't plan on using it untill Tuesday. Plenty of potential with the bailout news for monday. My beloved penny financials, and a few nice risers like HYDG that the GOTS crew has my back on.
There has really been some interesting plays to mention from this week. I've seen stock tank and break-out in very irregular patterns.
CEG had an epic fade from the $60's to $14
TGIC had a huge interday spike
NCC had 300% EOD on friday.
What does this? .....liquidity, lies, rumors, but most of all perception. I told Lawerence, the market hardly reacts as we expect. It's all about perception. The funniest example being AAPL's iPod and iTouch release day. Nobody cared about the new products... everyone wanted to see if Steve Jobs looked like he was going to die soon. Had he not worn thigh and chest implants the stock mighted had the GOTS guys cheering "TIMBERRRRRR". j/k about the implants, he was fine... well, at least according to the CNBC reporter that specializes in assesing CEO health at press confrences. I think that this is just the beginning too. Something is up. How can a stock have 30-40% interday swings 3-4 days a week? This is insane and far from over. I don't see an end to these swings simply becuase everyone fails to mention them. Of course, as everyone knows, efficient markets eliminate easy profit strategies over time, and this may be exactly why no one talks about it. Though, we've seen 5 big guns (count them FRE,FNM,LEH,(sorry LEHMQ), AIG, AND WM) all fall to become pennystocks. Too bad everyone fails to admit just how serious this is to the amerian public which is why pennystocks will continue to pwn joo noobs @ teh soaring and sinking the way they do.
As I told ben in a quick email today. FRE/FNM should open up to news of the bailout certain to occur tommorw(....or tonight rather) evening. Who would of called that the entire U.S. market could collapse due to a crisis in a single investment sector? oh yea... i did. This is all surreal, nonetheless. The extent of which it has happened has been played up by the media as almost unexpected. I guess I should do like I did before, forget the media, read my own history books of the market and come to my own conclusions. That being said, the potential to invest in Asian markets is huge. Seriously, just in terms of business imerging in weak financial markets. As indos and chinese start being able to afford the goods that us in the west have been basking in for years, supply will find its way to the demand. Business men will build their business. High fashion in India has yet to come, superstores are beginning to make their way, the online shopping potential hasn't even been tapped. When I went last xmas, I remember how shocked me and my dad were when we were at a hotel(restaurant) and the punjabi's next to us whipped out a birthday cake with candles during dinner. this was a first! people don't have TIME to do this in India. Work in the fields, or work in a cubicle picking up phones... this is what its been for indo's up till now. It shows, they aren't spending their time working. They have time to spare to celebrate and relax, and more importantly, they ahve the money! This was a moderately nice hotel too. moving on, in india, with products like the TATA nano being unveiled, an entire new class of people in India are going to be buying cars!And you can bet their ass'es are going to want to roll further than down the street than to eat some samosas, and mango chutney. They're going to want to travel, go on vacation and indulge. Jim Rogers said "If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia." Look at all of the worthless public companies in America. Why can't asia have them too??? This is huge. During dot-com, IPO's shot through the roof regularly. Tripling, doubling...fuck, there was no use for techinical analysis. Just follow the crowd. These companies are going to want to follow the capitlistic model and join the free market. Plus, its a nice accomplishment to be public. So let the IPO's happen. Let each company have it little bit of publicly traded glory. LET THE PRICE and VOLUME ROCKET. Thats exactly what traders want. As long as there is volatility and liquidity there is money to be made! Someone(i forget who) also made the point that up and coming nations have the benefit of learning from our mistakes. Well, now the whole world knows just how risky mortgages backed securities are. We should get a fucking award for the amount by which we help others by showing them exactly how to screw your entire economy.
Like I quoted Cramer last time, "there's always a bull market somewhere." But I say, who says the bull market has to be found in America? Or even the west for that matter.
Friday, September 26, 2008
Roar.
Nirav: Forget accounting, I'll just fudge the numbers(yes that's from the office)
Pre-med noob:OMG orgo!!! barf!!!!!!!
Get over it preemies, your major is imaginary, plus chances are.... you won't get into medschool.
Yea Yea, but i have greatness on my side. :)
Muchose picksones.
HYDG- short it
JPM-sell off becuase shares liquidating to raise capital??
WM- buyback from the AM fail.
In other news. My account needs to get corrected by the market before I go around spreading my trading prowess to so many people. I can't let this get to my head. I should instead focus on good trades.
Remember.... 3 keys to this:
size of position, when to enter and where to leave
Pre-med noob:OMG orgo!!! barf!!!!!!!
Get over it preemies, your major is imaginary, plus chances are.... you won't get into medschool.
Yea Yea, but i have greatness on my side. :)
Muchose picksones.
HYDG- short it
JPM-sell off becuase shares liquidating to raise capital??
WM- buyback from the AM fail.
In other news. My account needs to get corrected by the market before I go around spreading my trading prowess to so many people. I can't let this get to my head. I should instead focus on good trades.
Remember.... 3 keys to this:
size of position, when to enter and where to leave
Wednesday, September 24, 2008
greenage!
Positions Traded
LEH
long at .149 sell at .174
+171.2
SIL
short at 3.61 cover at 3.2388
+371.22
o/n short at 3.24
5641.35
Very good day. Definitely find a feel for the market. Can't wait for more trades and finding good o/n's with low risk has been very easy as well. Unfortunately, if you saw LEHMQ today, you'd know my exit was too early, but I put a mental stop at .17 and I will not complain about picking up an extra 170$ without burning a day tradeZ!
As an aside on my ongoing amazement by the markets. Bush just gave a 15 minute rundown on why the 700bn mortgage bailout must occur. People don't realize that the scope of the bad mortgages is way way more than 700bn. 7 trillion to be exact. We aren't even 5% of this. I'm not saying we should, but if this doesn't bailout, credit rates will rocket... on that note maybe congress should not pass this just so americans realize how bad buying on leverage is. Many americans will never even realize that this is the reason the banks failed to being with. BTW, GS and MOR downgrading to commercial banks is just enough failure for me.
No trades left for tommorw, will be looking to close my o/n on SIL. Based on the hearing we should see how stocks react. Plenty of opportunties in this market. Like cramer says, theres always a bull market somehwhere.
Anyone with trades should look to scalp off the very nice DSL run that has continued passed the shorting ban. Ironically enough, most penny financials, which I list almost every post(see below), have fallen. ABK is one of the worst. Based on movement tommorw I could buyin long.
Also, must mention the incredible FRE,FNM moves. Continuous upticks since talk of a bailout occured. Remember the system is never wrong. The bailout will happen, and these will rocket even more.
In all honesty, Just check out GOTS chat tommorw. Best momentum alerts there. Today alone, ERII and SIL would have you well in the green.
Will someone go ahead and say we are in a recession?
LEH
long at .149 sell at .174
+171.2
SIL
short at 3.61 cover at 3.2388
+371.22
o/n short at 3.24
5641.35
Very good day. Definitely find a feel for the market. Can't wait for more trades and finding good o/n's with low risk has been very easy as well. Unfortunately, if you saw LEHMQ today, you'd know my exit was too early, but I put a mental stop at .17 and I will not complain about picking up an extra 170$ without burning a day tradeZ!
As an aside on my ongoing amazement by the markets. Bush just gave a 15 minute rundown on why the 700bn mortgage bailout must occur. People don't realize that the scope of the bad mortgages is way way more than 700bn. 7 trillion to be exact. We aren't even 5% of this. I'm not saying we should, but if this doesn't bailout, credit rates will rocket... on that note maybe congress should not pass this just so americans realize how bad buying on leverage is. Many americans will never even realize that this is the reason the banks failed to being with. BTW, GS and MOR downgrading to commercial banks is just enough failure for me.
No trades left for tommorw, will be looking to close my o/n on SIL. Based on the hearing we should see how stocks react. Plenty of opportunties in this market. Like cramer says, theres always a bull market somehwhere.
Anyone with trades should look to scalp off the very nice DSL run that has continued passed the shorting ban. Ironically enough, most penny financials, which I list almost every post(see below), have fallen. ABK is one of the worst. Based on movement tommorw I could buyin long.
Also, must mention the incredible FRE,FNM moves. Continuous upticks since talk of a bailout occured. Remember the system is never wrong. The bailout will happen, and these will rocket even more.
In all honesty, Just check out GOTS chat tommorw. Best momentum alerts there. Today alone, ERII and SIL would have you well in the green.
Will someone go ahead and say we are in a recession?
Monday, September 22, 2008
stock Pickage
No new picks.
Fin's are testy and I'm not sure when to take my long position. I've heard a theory that once the 700bn bailout details are approved we'll see a comeback. I definitely want to go long on these before that happens.
I'll split the funds over some of the once I saw move the most last time--ABK,RDN,RAMR,DSL,FMD, and PMI
As for short picks. Timmy just released a 17 stock list of shortables. Lots of good ideas here and lots of big %tage gains in minimal time. Yes, the shorting rule has no effect on this list, and many other companies... like Jamba Juice... which rolls in penny filth every day. Look at it. Sitting pretty at 1.00. Just useless.
You can take away shorting financials... but they will still fall. Let that be a lesson to the SEC.
Yng has a nice post on 10/60 cross using Financial ETF's. Take a look at the Pennystock Financials i listed above and compare them to the ETF charts. They are mirror images!
get that green.
Fin's are testy and I'm not sure when to take my long position. I've heard a theory that once the 700bn bailout details are approved we'll see a comeback. I definitely want to go long on these before that happens.
I'll split the funds over some of the once I saw move the most last time--ABK,RDN,RAMR,DSL,FMD, and PMI
As for short picks. Timmy just released a 17 stock list of shortables. Lots of good ideas here and lots of big %tage gains in minimal time. Yes, the shorting rule has no effect on this list, and many other companies... like Jamba Juice... which rolls in penny filth every day. Look at it. Sitting pretty at 1.00. Just useless.
You can take away shorting financials... but they will still fall. Let that be a lesson to the SEC.
Yng has a nice post on 10/60 cross using Financial ETF's. Take a look at the Pennystock Financials i listed above and compare them to the ETF charts. They are mirror images!
get that green.
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