GregFokker Posted December 17, 2004 Report Share Posted December 17, 2004 All bears wiped out. Dead. Rode their last aSSblaSSt up up up into the sky. Gone to heaven. Happier there. No more brutal reamings. Everything is beautiful. May God have mercy on 990N and those behind him. <{POST_SNAPBACK}> Link to comment Share on other sites More sharing options...
GregFokker Posted December 17, 2004 Report Share Posted December 17, 2004 Would not want to be short the buck right here, and think it might be a bit too soon to be buying gold: REUTERS UPDATE 1-IMM goes short euro for first time since Nov. 2001 December 17, 2004 16:57:25 (ET) By Jamie McGeever NEW YORK, Dec 17 (Reuters) - Currency speculators in the Chicago futures market dramatically flipped their bets on the euro in the week to Dec. 14 to establish a net short position, data from the Commodity Futures Trading Commission showed on Friday. This is the first time International Monetary Market accounts have been net short of euros -- effectively betting that the currency will weaken -- in over three years. <{POST_SNAPBACK}> Too soon? All about timeframe. Those who loaded up sub-300 oughta be doing just fine Link to comment Share on other sites More sharing options...
GregFokker Posted December 17, 2004 Report Share Posted December 17, 2004 How you want to be a writer and wake up to this??? <{POST_SNAPBACK}> Shock and awe. Link to comment Share on other sites More sharing options...
The brown one Posted December 17, 2004 Report Share Posted December 17, 2004 That SPX chart looks like three humps,a pump and a proctoscope Link to comment Share on other sites More sharing options...
dozer Posted December 17, 2004 Report Share Posted December 17, 2004 That SPX chart looks like three humps,a pump and a proctoscope <{POST_SNAPBACK}> Link to comment Share on other sites More sharing options...
lineup32 Posted December 18, 2004 Report Share Posted December 18, 2004 DAL is one my favorite short ideas right now, expecting bankruptcy by Feb, despite all the hype of concessions etc....Oil stays here and it a done deal. Cheers to stoolieville, have a good weekend! <{POST_SNAPBACK}> That interesting, get down way down away from the dippers and jammers-Under $5 is your target Link to comment Share on other sites More sharing options...
Guest Posted December 18, 2004 Report Share Posted December 18, 2004 All my naked GOOG Dec. 190 calls expired WORTHLESS today. That means zero. 100% loss for the willing voluntary participants in my sick little game. Thank you to all anonymous Suckers who gave me your money. I suspect that some of this money in my pocket came from Bambi. And some came from Creamer. Jan. starts Monday. Wanna play again? Any of you punks feel lucky? DON'T MESS WITH SHORTY! Link to comment Share on other sites More sharing options...
dozer Posted December 18, 2004 Report Share Posted December 18, 2004 oh man Shorty... that is so METAL, dude! :o :lol: Link to comment Share on other sites More sharing options...
Guest Posted December 18, 2004 Report Share Posted December 18, 2004 Special offer limited to first 100 shrewd Investors: I'll sell ya a Big Money package deal for only $10,000 including 30 GOOG Jan. 190-195 call spreads 3 GOOG June 240 calls 200 shares of SHOP Hurry! Offer ends soon (when these Co.'s are de-listed) Link to comment Share on other sites More sharing options...
wndysrf Posted December 18, 2004 Report Share Posted December 18, 2004 Greetings, Riverboaters!!! From Kinko's in San Luis Obispo.............. You guys need to go to Yahoo Finance and check out the NYSE volume. Gigantic today. Not good for the bulls, coming off highs with such huge churning. The bulls will claim that it was all 'rebalancing" to buy Newscorp and sell other S & P garbage. But volume is volume, churning is churning........... So bulls need to be careful out there. Myself included........ Yeah, I agree with Sudaca, looks like another leg down in the golds, what a miserable performance. I've been flipping NEM short, then long, back and forth, I guess I'll find out Monday if I should have stayed short. Still long at $45, but I'm gone on the first print below $44....... Either the oils are going to blast off and the broads are going to tank, or vice versa........ RLX breakdown was the clue today. So watch out.......... WMT, HD, BBBY look ripe for shorting.............. Link to comment Share on other sites More sharing options...
Metamucil Posted December 18, 2004 Report Share Posted December 18, 2004 Where's Jickiss, Well done. Miner weeklies are worth examining. Doc has made a good call...imo. Link to comment Share on other sites More sharing options...
beardrech Posted December 18, 2004 Report Share Posted December 18, 2004 Shorty,MH and all others I wish I had the deftness guts and general skill for daytrading but I'm really too old to start--but I enjoy kibitzing if you dont mind-- About a year or so ago I suggested that looking at the holdings of Calpers,presumably the largst pension fund on earth, one discovered that the list of holdings were,I forget the exact amount ,over 150 pages long--- And that the last 20 pages or so were like a graveyard of pure dying crap--and after perusing page after page of this finacial mausoleum it struck me, that taking positions on any dozen or so of these smudge pots, and selling covered calls, would be a nice little profit niche for an enterprising bear with limited testosterone-- Where is the fallacy in my thinking???? beardrech BD this sounds like something Burke and Hare would have enjoyed entering Link to comment Share on other sites More sharing options...
Charmin Posted December 18, 2004 Report Share Posted December 18, 2004 I'm not going to get worried about the broad indices too much. Money must flow somewhere. Just look what happened in 2004 since January. Some stocks continued to rocket even with the indices consolidating lower. I think we'll see a repeat. If not PM or gold then try diversifying.... Over at the goldenstool we are on top of HUGO... check it out - you never know it might be up 10% next week... Link to comment Share on other sites More sharing options...
Charmin Posted December 18, 2004 Report Share Posted December 18, 2004 "PICTURED: The Nasdaq Composite closed out the week by falling back under its January '04 peak. Notice how volume ran on the above average side at that prior high of significance chart-wise, and how the volume has recent run high on the latest peak (see circled areas). Caution and discipline are always important, and this could be considered a sign of churning or stalling action in the broader market, where plenty of selling is offsetting the buying coming in and not a lot of meaningful price progress is being made. The good news is that we don't see a great deal of technical damage taking place in the indices' charts, however there have been a greater number of failed breakouts in recent days." Kenneth J. Gruneisen - Canslim.net Link to comment Share on other sites More sharing options...
Guest Posted December 18, 2004 Report Share Posted December 18, 2004 Shorty,MH and all others I wish I had the deftness guts and general skill for daytrading but I'm really too old to start--but I enjoy kibitzing if you dont mind-- About a year or so ago I suggested that looking at the holdings of Calpers,presumably the largst pension fund on earth, one discovered that the list of holdings were,I forget the exact amount ,over 150 pages long--- And that the last 20 pages or so were like a graveyard of pure dying crap--and after perusing page after page of this finacial mausoleum it struck me, that taking positions on any dozen or so of these smudge pots, and selling covered calls, would be a nice little profit niche for an enterprising bear with limited testosterone-- Where is the fallacy in my thinking???? beardrech BD this sounds like something Burke and Hare would have enjoyed entering <{POST_SNAPBACK}> Haven't noticed any fallacy in your thinking, other than it's obvious from your posts you suffer from a major disadvantage regarding the stock market -- you seem far too intelligent and principled for investing to be easy for you. I've found one must strive to think like the common slobs and dirty crooks to win on Wall Street, because that's mostly who we're trading with and against (I arrogantly consider myself an uncommon slob and wannabe Robin Hood of sorts). It's a filthy game full of evil corrupt shysters, many of whom work for SEC, NASD, CFTC, AG's, NFA, etc. as well as of course the big front-running borkers and scheming bankers and dishonest CEO's and insiders and manipulating market makers and reprobate specialists and goosing big traders like Legg Mason and lying TV bullhorners on FleeceVision and paid-off "financial columnists" on CBS MarketWatch.con and SmartMoney.con Anyway, I believe Calpers buys garbage from crooks who give the corrupt managers kickbacks to absorb their bad investments into a big pot where nobody will notice. But maybe I'm just cynical. I'm not sure what you mean by buying the dying crap stocks and selling covered calls because if the stocks keep falling you'll lose more on the stocks than you make on the calls. Do you mean selling naked calls? If covered, I think it's better to buy technically healthy stocks on dips in their uptrend and then sell covered calls after their next rally. Or if you insist on bottom-fishing make sure they have already made the 'U'-turn and are back on the way up, don't try to call the bottom. Like a few weeks ago Avici bottomed, I waited to gain confidence that it really had, then bought it and sold the covered calls and got called away today, same with Netflix and OVTI. Last month did it with SIRI. And preferably only do covered calls on stocks in a sector in an overall uptrend. Right now I'm watching CDE for confirmation of a bottom, will buy more when it does, then after first sharp rally sell the covered calls. Not trying to buy at lowest price, only after it starts moving with some momentum. And not in a hurry to sell the calls, only after the premiums get bid up. Call income is bonus, stock must be worthwhile without it else just not worth the risk. Link to comment Share on other sites More sharing options...
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