Bungster Posted August 17, 2007 Report Share Posted August 17, 2007 Let's see who wants to hold over the weekend.... Link to comment Share on other sites More sharing options...
cwd Posted August 17, 2007 Report Share Posted August 17, 2007 Keeping an eye on CCJ. 601033[/snapback] I am very leary of CCJ. I read,can't remember where, that CCJ has hedged for 2008@28/lb. Kitco shows a spot price of 105. Shades of NEM's 2 biliilion hit Link to comment Share on other sites More sharing options...
Slappy Posted August 17, 2007 Report Share Posted August 17, 2007 crazy, i wouldnt catch a falling knife either. You can bet your ass that most traders lost money, much money, today and last few days. 601058[/snapback] How would you have done if you had known there was going to be a rate cut this morning? Link to comment Share on other sites More sharing options...
cwd Posted August 17, 2007 Report Share Posted August 17, 2007 Feds really trying to entice buyers to the markets. Could be a double whammy if the SOW closes below 13,000 1. Fed failed in their effort to support 2. Fed failed in their effort to support. The market closes had been interesting of late but today should be a real telltale. Looks more like a smoke screen for longs to unload. I don't see any more cash readily available, someone will have to continue selling soon to raise cash. We'll see if profits are taken for the weekend or the news-noise produces a rumor of further cuts. A destructive hurricane is a good thing for the markets, free money from the Feds. 601044[/snapback] Somebody mentioned earlier that the market sells of until noon then futures check in, followed by an upward ramp into the close of the day. Wash, rinse, repeat. Link to comment Share on other sites More sharing options...
Jetlag Posted August 17, 2007 Report Share Posted August 17, 2007 Bond guys not buying the "fed cut". "Asset-backed commercial paper yields soared by the most since the Sept. 11, 2001, terrorist attacks after the Federal Reserve cut its discount rate to try to calm financial markets." http://www.bloomberg.com/apps/news?pid=206...nrvA&refer=home Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted August 17, 2007 Report Share Posted August 17, 2007 I don't think I would like CCJ management. NEM will collect most of their loss from the Jrs they banked rolled. Link to comment Share on other sites More sharing options...
linrom Posted August 17, 2007 Report Share Posted August 17, 2007 Keeping an eye on CCJ. 601033[/snapback] I am very leary of CCJ. I read,can't remember where, that CCJ has hedged for 2008@28/lb. Kitco shows a spot price of 105. Shades of NEM's 2 biliilion hit 601060[/snapback] I am out, someone is still selling it on every rally. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted August 17, 2007 Report Share Posted August 17, 2007 Keeping an eye on CCJ. 601033[/snapback] I am very leary of CCJ. I read,can't remember where, that CCJ has hedged for 2008@28/lb. Kitco shows a spot price of 105. Shades of NEM's 2 biliilion hit 601060[/snapback] hmm...Thanks for the heads up. But if that's the case then why the run up from the 30s to the high 55? Trading does look like crap. Link to comment Share on other sites More sharing options...
fxfox Posted August 17, 2007 Report Share Posted August 17, 2007 crazy, i wouldnt catch a falling knife either. You can bet your ass that most traders lost money, much money, today and last few days. 601058[/snapback] How would you have done if you had known there was going to be a rate cut this morning? 601061[/snapback] given the hammer yest maybe took a small long position. But waiting on the sidelines is definitely also a good option. Link to comment Share on other sites More sharing options...
dogsie Posted August 17, 2007 Report Share Posted August 17, 2007 That is the most uneventful 200 pt Dow boner that I can remember Link to comment Share on other sites More sharing options...
crazy_ate Posted August 17, 2007 Report Share Posted August 17, 2007 I am starting to think that these recent market dislocations may have caught Wall Street and certain high profile hedge funds (the connected ones like Carlye, not the run of the mill hedgies) by surprise and thus they were unable to position themselves for the rout and more importantly for the ability to profit -- thus -- the Fed will intervene on behalf of the Robber Barrons until they are positioned and then the real fun will begin. By then, the confidence in the market will have been reestablished and they will be in a better position to pull the rug out. Link to comment Share on other sites More sharing options...
linrom Posted August 17, 2007 Report Share Posted August 17, 2007 Keeping an eye on CCJ. 601033[/snapback] I am very leary of CCJ. I read,can't remember where, that CCJ has hedged for 2008@28/lb. Kitco shows a spot price of 105. Shades of NEM's 2 biliilion hit 601060[/snapback] I am out, someone is still selling it on every rally. 601065[/snapback] Goldman said that commodity rally will resume, but, it looks like they're just buying a rebound unlike bankers where you see some rally. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted August 17, 2007 Report Share Posted August 17, 2007 Keeping an eye on CCJ. 601033[/snapback] I am very leary of CCJ. I read,can't remember where, that CCJ has hedged for 2008@28/lb. Kitco shows a spot price of 105. Shades of NEM's 2 biliilion hit 601060[/snapback] I am out, someone is still selling it on every rally. 601065[/snapback] I agree..it's having trouble getting even above the 5 dma. Have a look at the september 40 call options...Stock is up 1.2, it's currently flat. Something is not right. Call writers are expecting ALOT more downside it seems. Link to comment Share on other sites More sharing options...
cwd Posted August 17, 2007 Report Share Posted August 17, 2007 our method is, to keep it as simple as possible. So we had a monster hammer in S&P yesterday and therefore it was quite sure that we gonna go up today. It was in the charts and the reason was devlivered after the chart was "painted". Easy. I thought we go red after lunch, but charts are wiser than me. Chart ?ffnen 601043[/snapback] Refering back to Lee Whee's oft mentioned 1387 level. If you pulled the trigger at point -- which for me would have been impossible, cause I don't the the balls -- and just bought a basket of the most beaten down sh!t you'd been sitting very pretty right now. Appartently it WAS the time to go TEETS LONG. 601056[/snapback] What a world,The Central Committe,er Fed makes an announcement and every thing is wonderful. Link to comment Share on other sites More sharing options...
patents Posted August 17, 2007 Report Share Posted August 17, 2007 What a world,The Central Committe,er Fed makes an announcement and every thing is wonderful. 601072[/snapback] It is not just the announcement. It is the announcement PLUS the coordinated action in the futures market by the fed+21. Link to comment Share on other sites More sharing options...
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