mdporter Posted June 26, 2008 Report Share Posted June 26, 2008 A good day for Da Bearzzz Link to comment Share on other sites More sharing options...
DrStool Posted June 26, 2008 Report Share Posted June 26, 2008 Now that the Fed newsnoise reaction has been digested, what next? I have some ideas about it and will post them as usual in the Wall Street Examiner Professional Edition this evening. I know that most of you are already subscribers, and I invite those of you who are not to join us now! Just click the link below to read last night's report, and tonight's as soon as it is posted. Also coming up, a Fed report update with the PDCF, Discount Window, and FCB data for this week. See you there! Link to comment Share on other sites More sharing options...
Drano Posted June 26, 2008 Report Share Posted June 26, 2008 no no no no no no no GO BULLZ ! ! ! ! ! ! DOZE BEARZ GOT NUTTIN' ! ! ! ! ! ! Link to comment Share on other sites More sharing options...
Drano Posted June 26, 2008 Report Share Posted June 26, 2008 I wish Sudsy would just check in..... miss those pix..... Link to comment Share on other sites More sharing options...
Bungster Posted June 26, 2008 Report Share Posted June 26, 2008 I couldn't have turned into a girly bull at a worse time..... Link to comment Share on other sites More sharing options...
Drano Posted June 26, 2008 Report Share Posted June 26, 2008 Marketwretch headline: DOW off more than 1,100 points in June. (so far) Link to comment Share on other sites More sharing options...
mdporter Posted June 26, 2008 Author Report Share Posted June 26, 2008 Marketwretch headline: DOW off more than 1,100 points in June.(so far) 669580[/snapback] Great start for the second half "recovery" Link to comment Share on other sites More sharing options...
Charmin Posted June 26, 2008 Report Share Posted June 26, 2008 Marketwretch headline: DOW off more than 1,100 points in June.(so far) 669580[/snapback] What will they say when it hits 9700? Link to comment Share on other sites More sharing options...
Drano Posted June 26, 2008 Report Share Posted June 26, 2008 MD, looks like your target for EFII is in the works here. Nice call. Link to comment Share on other sites More sharing options...
Drano Posted June 26, 2008 Report Share Posted June 26, 2008 In January, when IYR was around 60ish, its approximate 2X inverse SRS was in the 140-150(spike) range. Now, when IYR is at 61.47, SRS is at 102.73. Which one is valued incorrectly? Link to comment Share on other sites More sharing options...
Drano Posted June 26, 2008 Report Share Posted June 26, 2008 Hmm. "BOSTON (MarketWatch) -- Discover Financial Services generated 12% growth in second-quarter profit but raised its cushion for loan losses as a result of ongoing turbulence in credit markets, financial results showed Thursday. The Riverwoods, Ill.-based company DFS reported a profit of $234.1 million, or 48 cents a share, for the three months ended May 31, compared with $209.2 million, or 44 cents, earned in the year-ago second quarter. anal cysts polled by Thomson Reuters had, on average, forecast earnings of 37 cents a share for the latest quarter. "Despite the challenging economy, Discover delivered solid results," said Chief Executive David Nelms in a statement. In particular, he pointed to the performance of Discover's third-party payments business, which saw record network volume of $29 billion, up 33% from the prior year. However, the company increased its loan-loss provision by 31%, to $210 million from $145 million, in a move that the credit-card issuer attributed to "higher net charge-offs reflecting recent credit trends." Managed loans rose 2% in the second quarter to $47.8 billion, while Discover Card sales also climbed 2%, to $22.5 billion. Discover also declared a cash dividend of 6 cents a share, payable on July 22 to stockholders of record on July 1. In April, Discover reached an agreement with Citigroup Inc. C to acquire Diners Club International for $165 million. The deal is expected to close in July. Earlier this week, rival MasterCard Inc. MA said it had reached agreement with American Express Co. AXP to settle an antitrust lawsuit, forcing it to pay as much as $1.8 billion. AmEx had alleged MasterCard had illegally blocked it from the bank-issued card business in the U.S. MasterCard and Visa Inc. V have yet to settle a similar lawsuit from Discover. With the U.S. stock market trading broadly lower, Shares of Discover lost about 1% in early action. © 1997-2008 MarketWatch.com, Inc. All rights reserved. Please see our Terms of Use. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. http://custom.marketwatch.com/custom/docs/...ement.asp" Link to comment Share on other sites More sharing options...
curious Posted June 26, 2008 Report Share Posted June 26, 2008 In January, when IYR was around 60ish, its approximate 2X inverse SRS was in the 140-150(spike) range. Now, when IYR is at 61.47, SRS is at 102.73. Which one is valued incorrectly? 669584[/snapback] Forget those 2x inverse funds for anything but daytrading. Learned it the hard way. I think for a longer term position a better alternative is deep in the money leap puts (2010). You can get ~4x leverage at very small premium. Liquidity and spread is an issue but this is not a daytrader tool. Link to comment Share on other sites More sharing options...
mdporter Posted June 26, 2008 Author Report Share Posted June 26, 2008 MD, looks like your target for EFII is in the works here. Nice call. 669583[/snapback] I said 14.25 right? Link to comment Share on other sites More sharing options...
pegasus Posted June 26, 2008 Report Share Posted June 26, 2008 Uh oh... biz.yahoo.com/cn bc/080626/25391526.html "So with a moribund market ahead, some investors are changing their strategy: instead of trying to find individual stocks or sectors that might rise in a down market, they're taking advantage of the broader market's trend downwards. That means shorting the market, or betting on stocks continuing to decline." Anyone remember Maria Bartiromo's call to short the market during the last bear market? Her call was very close to the bottom, as I recall. Sorry for the broken link, the board software seems to translate 'C N B C' into 'Crapvision', even if it appears in a URL. -Pegasus Link to comment Share on other sites More sharing options...
mdporter Posted June 26, 2008 Author Report Share Posted June 26, 2008 I am staying long for now. Charmin posted this earlier regarding RE Link to comment Share on other sites More sharing options...
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