PyurAureo Posted October 22, 2009 Report Share Posted October 22, 2009 Here's my thinkin' ... Link to comment Share on other sites More sharing options...
ChicagoBear Posted October 22, 2009 Report Share Posted October 22, 2009 We should head down tomorrow. I hear you - sticking with the top thesis. Volumes were down today on both the Nasdaq and NYSE. The last day of significant buying was last Wednesday, 10/14. Since then we've seen 3 significant distribution days. Sellers are in control. At least, that's my story and I'm sticking to it. Link to comment Share on other sites More sharing options...
Trader Joe Posted October 22, 2009 Report Share Posted October 22, 2009 Anecdotal comment I use Amazon for a lot of stuff I buy....they have almost everything imaginable....and if they don't, one of their affiliates will Their prices are extremely competitive Plus, if you do the $25=free shipping dealio , it's a no brainer Me ry-kee Amazon.....but I don't own the stock Link to comment Share on other sites More sharing options...
phatbubble Posted October 22, 2009 Report Share Posted October 22, 2009 Sold my Dad's AMZN into the AH melee...... Hopefully it corrects a bit before 180..... Link to comment Share on other sites More sharing options...
I_Am_Madness Posted October 22, 2009 Report Share Posted October 22, 2009 I hear you - sticking with the top thesis. Volumes were down today on both the Nasdaq and NYSE. The last day of significant buying was last Wednesday, 10/14. Since then we've seen 3 significant distribution days. Sellers are in control. At least, that's my story and I'm sticking to it. Counter trend trading is a tough business. Have your stops in place. Understand risk management and trade safe. See you fellas tomorrow. I'm beat. Link to comment Share on other sites More sharing options...
ChicagoBear Posted October 22, 2009 Report Share Posted October 22, 2009 What a wonderful night to spend at the casino! Playing roulette tonight, betting on red. BRCM down near -8% - sweet PMCS down -3% - nice LEG and JNPR - can't tell yet; ball is still circling the table. Hey, where's my complimentary drink? Guess I'm going to have to serve myself around here. C'mon Red! Link to comment Share on other sites More sharing options...
2faas Posted October 22, 2009 Report Share Posted October 22, 2009 We should head down tomorrow. That's what I'm thinking. felt like a "bounce to get short" kinda day. Overnight currency market should tell the tale. Link to comment Share on other sites More sharing options...
ChicagoBear Posted October 22, 2009 Report Share Posted October 22, 2009 Americans rush to steal from their neighbors whenever given the chance Even as Congress mulls whether to extend the popular first-time home-buyer tax credit aimed at shoring up the decimated U.S. housing market, government auditors said Thursday that thousands of ineligible taxpayers have received millions of dollars under the program. About 19,350 taxpayers claimed $139 million worth of tax credits for homes they had not yet purchased, and about 70,000 taxpayers claimed more than $479 million in credits despite evidence they were not first-time home buyers. Almost 600 people who claimed about $4 million worth of the credit were not yet 18 years old -- and the youngest taxpayer was 4 years old, the report said. Through Oct. 9, the IRS has processed more than 1.2 million tax returns claiming almost $8.5 billion worth of the credit. "We will vigorously pursue those who filed fraudulent claims for the credit, and have already opened up scores of criminal investigations," said Linda E. Stiff, the IRS's deputy commissioner for services and enforcement. Heard them reporting this story on the radio. They added "IRS Agents" to the list of fraudsters. They're investigating it, of course. The lack of competence in administering government sponsored programs is just unbelievable. How do you approve a loan for a 4 yr. old? Link to comment Share on other sites More sharing options...
Trader Joe Posted October 22, 2009 Report Share Posted October 22, 2009 Hey Merisa Rhee I got yer "Rally Cap" right here Link to comment Share on other sites More sharing options...
juggler Posted October 22, 2009 Report Share Posted October 22, 2009 Americans rush to steal from their neighbors whenever given the chance Even as Congress mulls whether to extend the popular first-time home-buyer tax credit aimed at shoring up the decimated U.S. housing market, government auditors said Thursday that thousands of ineligible taxpayers have received millions of dollars under the program. About 19,350 taxpayers claimed $139 million worth of tax credits for homes they had not yet purchased, and about 70,000 taxpayers claimed more than $479 million in credits despite evidence they were not first-time home buyers. Almost 600 people who claimed about $4 million worth of the credit were not yet 18 years old -- and the youngest taxpayer was 4 years old, the report said. Through Oct. 9, the IRS has processed more than 1.2 million tax returns claiming almost $8.5 billion worth of the credit. "We will vigorously pursue those who filed fraudulent claims for the credit, and have already opened up scores of criminal investigations," said Linda E. Stiff, the IRS's deputy commissioner for services and enforcement. Is that name for real .... I guess IRS does have a sense of humor ... :lol: Link to comment Share on other sites More sharing options...
phatbubble Posted October 22, 2009 Report Share Posted October 22, 2009 Can somebody give me a Lost Money primer......WTF is up with that dude's "business in the front, party in the back" rat tail? Is it a valve cover? If you pulled it hard would his head fly around the studio until it was out of air? Link to comment Share on other sites More sharing options...
Jimi Posted October 22, 2009 Report Share Posted October 22, 2009 Bradley http://www.bankfotek.pl/view/430127 I still believe in this "number" theory beceause DJIA didnt close above 19 OCT dialy close at ~10.092 number story: http://yelnick.typepad.com/yelnick/2009/10...9-and-1987.html http://thespiritoftruth.blogspot.com/2009/10/dow-10000.html One thing is making me a little bit anxious: the market didnt respose to this UST announcement: · $29 Billion in 91 Day Bills, October 26 http://www.treasurydirect.gov/instit/annce..._20091022_2.pdf · $30 Billion in 182 Day Bills, October 26 http://www.treasurydirect.gov/instit/annce..._20091022_6.pdf · $7 Billion in 4.5 Year TIPS, October 26 http://www.treasurydirect.gov/instit/annce..._20091022_1.pdf · $44 Billion in 2 Year Notes, October 27 http://www.treasurydirect.gov/instit/annce..._20091022_4.pdf · $41 Billion in 5 Year Notes, October 28 http://www.treasurydirect.gov/instit/annce..._20091022_5.pdf · $31 Billion in 7 Year Notes, October 29 The Treasury has released the line up of Treasury issuance for next week and it is a stunner: in the week of October 26th alone, the US will issue $116 billion in new Treasury Notes (2,5 and 7 Years), another $30 billion in Bills and $7 billion in TIPS. As pointed out earlier, there is about $150 billion in availability before the Federal debt ceiling is breached ($12.1 trillion). This likely means that Geithner will have to resort to some last minute tricks to make this full upcoming issuance legally permitted. Total Bonds: $116 Billion; Grand total: $182 Billion, ($150 billion Bond Ceiling Window). Is that a lot? Link to comment Share on other sites More sharing options...
Jimi Posted October 22, 2009 Report Share Posted October 22, 2009 Anecdotal comment I use Amazon for a lot of stuff I buy....they have almost everything imaginable....and if they don't, one of their affiliates will Their prices are extremely competitive Plus, if you do the $25=free shipping dealio , it's a no brainer Me ry-kee Amazon.....but I don't own the stock Same here. And with our move, I think our household did its part to help Amazon blow out its quarter.... Link to comment Share on other sites More sharing options...
T_Slim Posted October 22, 2009 Report Share Posted October 22, 2009 before it heads down I have a sneaky suspicion they try one last push at those highs . . . Link to comment Share on other sites More sharing options...
I_Am_Madness Posted October 22, 2009 Report Share Posted October 22, 2009 That's what I'm thinking. felt like a "bounce to get short" kinda day. Overnight currency market should tell the tale. I'm assuming every currency trader is gunning this? Link to comment Share on other sites More sharing options...
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