Ags Nightmare Posted December 9, 2004 Report Share Posted December 9, 2004 I have to head out again today as I have another late afternoon commitment and a hoops practice.. As I put this together the SOX is being "saved" after yesterdays after hours debacles...Wouldn't be suprised if Tchai's Barfing recap has some "discounted away" language in it but I couldn't help think about what Soup mentioned yesterday regarding the 10 to 1 ratio of calls to puts on the front month december 25's for Insmell which are basically vapor now for the "buy calls to open sheeple".... Moving balls of twine that large 2 or 3 points is not impossible but the open interest is visible for all to see and you can rest assurred whoever wrote those will gather in a huge circle and stand on the lid of the manhole cover until December 20th.... But where did the fiat go today ? After the 8 am strategic huddle, and the Hedge Hog leaders directed the Wildebeest to run towards the Homie aisle of the Animal Planet and then spread out slowly..... mania.... Or as Mark would say..."The Hotel California Trade is on...You Can Check Out But You Can Never Leave." But I wonder who wrote those Insmell calls ? Goldman Sucks ? Some Hedge Hog who got the goods on yesterdays news last week ? Was it Wille Mays Miller who never saw a balance sheet he didn't like who was tipped off by Bud Fox who handed him the results of the semi wreck in his mansions sauna a week ago ? It's another one of those Butch and Sundance Mania Moments.... "Who are those guys ?".... I did find another little "example" of the lunacy thats been bubbling out there in retail land last night. In addition to the speculative stock market hopes and dreams trash can lids that have been flying every day, there is the "Fleabay Factor". Recently there have been some sales of weird stuff for big cash but last night I had a friend email one that tops em all... How about a grilled cheese sandwich with a face of the Virgin Mary purchased for 20k by a "Gambling Casino" of all places ? or a Dinner roll with another religious picture ? Or how about selling a ghost ? A friggin Ghost ! Yeah ! Thats the ticket.....you get a cane and the sheet scared out of you....what a deal.... http://cgi.ebay.com/ws/eBayISAPI.dll?ViewI...5541743830&rd=1 It's no wonder other countries look at us and some of the things we do and scratch their heads....Again...to me this is more mania backwash which flys under the radar and a continuation of the "waste" of resources that goes on regardless of how small it is in monetary amounts...It's like when they auctioned that humungous Enron "E" on Crapvision for thousands of dollars....where the fugg is that thing ? In someones basement ? A trophy for some rich guy which symbolizes and carries the souls of thousands of destroyed lives in it ? They should have jack hammered that thing to oblivion and dumped the wreckage on Ken Lays lawn.... All the while their are people starving in other countries and in "our own country", genocide, war torn villages, geoploitical chaos...and we are selling "Ghosts".... Maybe I can have my dog poop in the back yard, let it harden, cryogenically freeze it, then place it in a protective glass case they put autographed baseballs in. Then I can put it up for sale claiming it is an Original 1965 "Lassie" lawn deposit handled by the originally "Timmy" collected while filming Episode 17..... Next..The Terminator.... ...a warning to shorts who are messing with Taser....this was another jaw dropper from last night, as my buddy on the west coast sent me a second email...It falls into the Johnny Carson, "I Didn't know that" category....you can do the math on how much wealth was transferred here but it is another example of the "corporate insider mania"....no way I mess with this stock anymore....it's officially off my screen... Kerik, the nominee to head the Department of Homeland Security, is on the stun gun maker's board. December 3, 2004: 12:37 PM EST By Paul R. La Monica, CNN/Money senior writer NEW YORK (CNN/Money) - Some investors in stun gun maker Taser are betting that the nomination of Bernard Kerik to head the Department of Homeland Security could lead to some big government contracts for the company. After all, Kerik is on Taser's board of directors In a move to possibly pave the way for this, Kerik exercised stock options last month in order to sell about 102,000 shares of Taser stock, according to filings with the Securities and Exchange Commission. http://money.cnn.com/2004/12/03/technology/taser/ And last night, my wife and I went out to look for carpet for our family room as we have a ceramic floor and thats not a good thing for a little kid to learn how to walk on. First thing he mentioned was how the price of "oil" and shipping costs have killed margins and caused them to raise prices....he seemed pretty knowledgable about macro stuff and right away picked up he was in tune to things a little closer than the average salesman as it is a family owned business....pretty impressive as he actually talked a lot about the stuff we discuss here.... As the conversation ended the salesman asked me what I do and I said I deal in finance and the markets....as we turned to walk out he says " So when is the Santa Clause rally gonna happen ?".....I turned and said " Oh, I'm sure some irresponsible anal cyst will trigger a space needle Santa rally based on some bogus economic report that is predicated on discounting away the things that are squeezing your profits".....You should have seen the friggin look on his face change from a huge grin to a furrowed brow look of confusion..... My wife as we were walking to the car actually was chuckling and "understood" what I meant since she's heard me spew this stuff so much. Final note...please don't respond as this forum is about navigating the casino, but I wanted to mention my uncle. Kind of like my own little tribute to him. My dad's brother fell yesterday and fractured his skull on the curb. It's not looking too good and he is hour to hour as there is bleeding on the brain and major risk for clotting. He's the last living member on my fathers side and the youngest of 4 brothers who all fought in WW 2. I suspect that there are a lot of Stoolies who are dealing with similar issues somewhere within their families. Many have shared losses with the forum in the past, Doc, TE, Mousey, and I know LLD and his wife went through a tough time right around when my dad passed to name a few. Since I am checking out tomorrow ( please Wndy hurry back as my tank is just about empty), I would like to extend my own thoughts out to those Stoolies who have others on their mind during the Holidays. Uncle Ed is my favorite uncle and he gave a lot to me growing up. Lots of fond memories between us as he, my dad, and my cousin went to many Bears and Blackhawk games as kids. He sponsored my confirmation as a kid, Christmas parties were at his home with my cousins, etc...Also he's the last of a great generation on my namesakes side from an era that is slipping further away from us not only in years but in spirit. I hope he pulls through and has a few more years with us. I guess this is just another reminder to myself that the stock market mania comes "last" in the pecking order of my life's priorities.... Ag Link to comment Share on other sites More sharing options...
stanley Posted December 9, 2004 Report Share Posted December 9, 2004 CBS MarketWatch U.S. stocks rally after solid National Semi. results Thursday December 9, 3:40 pm ET By Susan Lerner Link to comment Share on other sites More sharing options...
FeedFool Posted December 9, 2004 Report Share Posted December 9, 2004 MH has found a gold mine Click here What was so remarkable about dollar devaluation ? that is, an upward revaluationof foreign currencies ? is that far from signaling the end of American domination of its allies, it became the deliberate object of U.S. financial strategy, a means to enmesh foreign central banks further in the dollar-debt standard. What newspaper reports called a crisis actually was the successful culmination of U.S. monetary strategy. It might be a crisis of Europe?s political and economic independence from the United States, but it was not perceived to be a crisis of domestic U.S. economic policy. [A financial crisis usually involves a shortage of funds resulting in a break in the chain of payments somewhere along the line. But what occurred in February and March 1973 was just the reverse, a plethora of dollars that inflated rather than deflated the world monetary system. In this respect that year?s runs on the dollar were like the competitive devaluations of the 1930s, fed by U.S. official pronouncements of further devaluation to come. The Federal Reserve System expanded the money supply at a rapid pace and held down interest rates.] America thus achieved what no earlier imperial system had put in place: a flexible form of global exploitation that controlled debtor countries by imposing the Washington Consensus via the IMF and World Bank, while the Treasury-bill standard obliged the payments-surplus nations of Europe and East Asia to extend forced loans to the U.S. Government. Against dollar-deficit regions the United States continued to apply the classical economic leverage that Europe and Japan were not able to use against it. Debtor economies were forced to impose economic austerity to block their own industrialization and agricultural modernization. Their designated role was to export raw materials and provide low-priced labor whose wages were denominated in depreciating currencies. Against dollar-surplus nations the United States was learning to apply a new, unprecedented form of coercion. It dared the rest of the world to call its bluff and plunge the international economy into monetary crisis. That is what would have happened if creditor nations had not channeled their surplus savings to America by buying U.S. Government securities. Link to comment Share on other sites More sharing options...
soup Posted December 9, 2004 Report Share Posted December 9, 2004 All propagand all the time, the bubbles must be kept floating. If anyone wants to puke, go read the crap from barfing. Link to comment Share on other sites More sharing options...
machinehead Posted December 9, 2004 Report Share Posted December 9, 2004 Mahendra speaks -- After this I see gold is moving toward to $478 to $498 and silver $9 in a few weeks. METAL STOCKS LOOKS VERY INTERESTING AND THEY WILL HAVE MOVE LIKE TECHNOLOGY STOCK DID FROM 1997 TO 1999. Party like 1999 It's worth remembering that the breakdown level for the dollar index was 85 ... it's struggled back to 82 now, not even a 50% retrace. The dollar has no future. Gold and silver are the place to hide. Link to comment Share on other sites More sharing options...
Sudaca Posted December 9, 2004 Report Share Posted December 9, 2004 Biggest volume day ever for SMH More than twice the average Shakeout before a moon shot ? Or the opposite ? SMH ended down, but most of the volume went through on the way back up. Could be just short covering, too. Link to comment Share on other sites More sharing options...
Sudaca Posted December 9, 2004 Report Share Posted December 9, 2004 Appropriate for the day..... Link to comment Share on other sites More sharing options...
RockLedge Posted December 9, 2004 Report Share Posted December 9, 2004 AG, it's been a great pleasure & thanks for everything. Best of luck to you! Link to comment Share on other sites More sharing options...
TURK Posted December 9, 2004 Report Share Posted December 9, 2004 AG, I always enjoyed your writing. I wish you and your family all the best. Turk Link to comment Share on other sites More sharing options...
DrStool Posted December 9, 2004 Report Share Posted December 9, 2004 I was out for part of the day today, and am just now catching up on IDS. Folks, IDS is for discussing trading, along with brief asides. We have a real estate discussion board at http://www.realestatebubblewatch.com Real estate discussions in IDS are off topic and distracting. Post your thoughts on Real Estate Bubble Watch, and link to them here. Link to comment Share on other sites More sharing options...
An Ant Posted December 9, 2004 Report Share Posted December 9, 2004 Looks like bears blew it again. The UT line was broken at open but survived the close. Link to comment Share on other sites More sharing options...
Guest Posted December 9, 2004 Report Share Posted December 9, 2004 Biggest volume day ever for SMH More than twice the average Shakeout before a moon shot ? Or the opposite ? SMH ended down, but most of the volume went through on the way back up. Could be just short covering, too. <{POST_SNAPBACK}> My take is that today was ALL about unloading the semis onto the bagholders. Why would the boys want to hold these things in the face of warnings? Tomorrow is oil liberation day. The Transports have all reloaded their fuel cost hedges and the Matrix can let it rise again now. Thank you, AG Link to comment Share on other sites More sharing options...
mirac Posted December 9, 2004 Report Share Posted December 9, 2004 Appropriate for the day..... <{POST_SNAPBACK}> LOL!!!!!!! You've been crackin me up a few times lately! Mirac Link to comment Share on other sites More sharing options...
Guest Posted December 9, 2004 Report Share Posted December 9, 2004 Looks like bears blew it again.The UT line was broken at open but survived the close. <{POST_SNAPBACK}> Link to comment Share on other sites More sharing options...
An Ant Posted December 9, 2004 Report Share Posted December 9, 2004 Shorty :lol: Link to comment Share on other sites More sharing options...
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