DrStool Posted June 21, 2007 Report Share Posted June 21, 2007 Now that we've had it, what next? Link to comment Share on other sites More sharing options...
potatohead Posted June 21, 2007 Report Share Posted June 21, 2007 SP futures selling off AH .....maybe a no go on the Blackstone ipo? Link to comment Share on other sites More sharing options...
wndysrf Posted June 21, 2007 Report Share Posted June 21, 2007 Needle Bottoms across the board. Link to comment Share on other sites More sharing options...
Bungster Posted June 21, 2007 Report Share Posted June 21, 2007 Closed my morning long at the close when this started to develope... Link to comment Share on other sites More sharing options...
wndysrf Posted June 21, 2007 Report Share Posted June 21, 2007 Gary Kaltbaum was bleating again yesterday about all the "private bear markets" across many sectors, and how "oil had topped" for the 7th time.... First 10 minutes he interviews Scott Bleier from Fox Bulls and Bears. Bleier was chest beating about how he thinks he's "nailed the market top" and shorted all the oil and oil service stocks about a week ago. Investor's Edge Meanwhile, I still hold most of my oils, as the 20-day on the OIH has held like a champ, and closed at the HOD when oil was down. Tough to stay 100% fully invested during these bull runs. Most people get shaken out and have to chase the market at higher prices later. Link to comment Share on other sites More sharing options...
wndysrf Posted June 21, 2007 Report Share Posted June 21, 2007 Once again, the absolute worst sentiment, over the longest period of time I can remember. Rydex still has a huge amount of money invested in their fund family, but they might as well close down the PM fund, as investors have abandoned it in droves. Another needle bottom and a higher low, after gold was slammed..... Link to comment Share on other sites More sharing options...
wndysrf Posted June 21, 2007 Report Share Posted June 21, 2007 Amazing how people I talk to are still enamoured with real estate, and they hate stocks. Just got off the phone with one of my customers, trying to cajole me to invest in real estate with him. I said no, I was doing much better by investing in stocks. He said "the stock market sucks!!". Even the professionals hate stocks. NEW YORK, June 21 (Reuters) - Short interest on the New York Stock Exchange rose 6.1 percent in June to another record high, the exchange said on Thursday, signaling a rise in bearish sentiment among investors. As of June 15, the number of short-selling positions rose to about 12.47 billion shares from 11.76 billion shares in the previous month. Short interest on June 15 was equal to 3.3 percent of the total shares outstanding on the NYSE. Link It will probably take up to 12 months of bullish stock action to work off this excessive level of bearishness. BobBrinker used to pound the table to go long if the 60-day p/c ratio was at .94 or higher. If the p/c ratio stays pinned at .99 everyday like it has recently, then that will push this rally extension out even further. 10-day p/c MA: .99 20-day p/c MA: .99 50-day p/c MA: .99 90-day p/c MA: .99 120-day p/c MA: .98 180-day p/c MA: .97 240-day p/c MA: .97 360-day p/c MA: .95 Link to comment Share on other sites More sharing options...
potatohead Posted June 21, 2007 Report Share Posted June 21, 2007 DJ Blackstone Group IPO Prices At $31; Top End Of Range >BX NEW YORK (Dow Jones)--Private-equity firm Blackstone Group's initial public offering priced at $31 a share. The IPO price, which was at the top end of the expected range of of $29 to $31 and set by lead underwriters Morgan Stanley (MS) and Citigroup ©, values Blackstone at about $33.6 billion. Blackstone raised $4.13 billion after 133.33 million common units were sold into the offering, making it one of the biggest IPOs on Wall Street. The stock is expected to begin trading on the New York Stock Exchange, under the symbol (BX) on Friday. Link to comment Share on other sites More sharing options...
try2win Posted June 21, 2007 Report Share Posted June 21, 2007 another great day to be long... even thinking about blowing out those amzn puts before they print worthless. Link to comment Share on other sites More sharing options...
try2win Posted June 21, 2007 Report Share Posted June 21, 2007 i just cant stop doing it... on the down days i just hold my nose and buy. ignore everything but the charts and the charts still look good. even when the market is down 146. tops take weeks to build. i know what i will look for when things get dicey. Link to comment Share on other sites More sharing options...
try2win Posted June 21, 2007 Report Share Posted June 21, 2007 all the skeptics in the universe all over this but when a CO. gets a delisting notice and rallies ... Link to comment Share on other sites More sharing options...
try2win Posted June 21, 2007 Report Share Posted June 21, 2007 i mentioned a while back , i was about 2-3 weeks early .... LOL Link to comment Share on other sites More sharing options...
try2win Posted June 21, 2007 Report Share Posted June 21, 2007 i own calls on ADM ... i am bleeding on them right now ... but .... Link to comment Share on other sites More sharing options...
miles2go Posted June 21, 2007 Report Share Posted June 21, 2007 Just received this email from RCL's recruiting department. Scary that a cruise line would even need somebody like this.. "Ensign, smooth those earnings...full speed ahead" [/b]Based on the career profile you provided us, you might be interested in the following job(s). Please review the job description(s) and if you would like to continue the process, click on the job link below. ACC030 -- Director, Derivatives Join our team as a Derivatives Director !! The qualified candidate will be responsible for all aspects of the derivative risk management functions of Royal Caribbean Cruises Ltd reporting to VP of Treasury with dotted line to VP and Controller. Essential Responsibilities: * Initial and ongoing analysis of hedge positions > Create/evaluate derivative valuation models > Run VAR analysis and regression and correlation analysis on all exposures as appropriate > Run sensitivity analysis > Perform a quarterly review of derivative performance * Work with Corporate Planning to forecast P&L volatility created by derivatives * Monitor and evaluate financial and commodity markets (initially interest, FX and oil) on a continuous basis in order to recommend changes to current hedging positions/strategies to capitalize on market opportunities * Monitor corporate risk exposure to determine if there are new risks to be managed with hedging activities (e.g. food costs) * Selection of Counterparties, negotiation of ISDA contracts and quarterly evaluation of counterparty exposures and credit worthiness * Non-voting member of hedge committee > Schedule and hold meetings periodically (not less than quarterly) > Run meetings and keep minutes > Prepare the hedge package reviewed by the hedge committee at each meeting > Recommend interest rate, FX and commodity hedging strategies supported by the appropriate level of economic and accounting treatment analysis > Execute trades approved by the hedge committee > Periodic reports to the hedge committee (elaborate) - Quarterly risk management report - Monthly risk analysis of hedge positions * Maintain and update derivative policies and procedures * Monitor compliance with, recommending changes to and updating the hedge guidelines as appropriate * Responsible for all FAS 133/SEC accounting and reporting > Inception analysis and documentation of hedges - Regression analysis - Sensitivity analysis (forward looking) > Ongoing analysis of effectiveness - Regression analysis - Sensitivity analysis (forward looking > Monthly/Quarterly accounting entries - FAS 133 journal entries (FMV, ineffectiveness, etc.) - Accruals > 10Q and 10K disclosure requirements > Coordinate internal and external derivative audits. Education/Skills/Experience: ? Education: BA in Accounting, Finance or Economics and CPA required ? MBA preferred. ? Experience: 7 ? 10 years public accounting experience (must be national accounting firm/large public company) required, corporate finance experience preferred. ? Knowledge of basic statistical modeling (regression/correlation analysis) required. ? Ability to interact with investment bankers and traders. ? Proficiency with MS Word, Excel and PowerPoint required. ? Functional knowledge of Bloomberg system. Link to comment Share on other sites More sharing options...
cwd Posted June 21, 2007 Report Share Posted June 21, 2007 DJ Blackstone Group IPO Prices At $31; Top End Of Range >BX NEW YORK (Dow Jones)--Private-equity firm Blackstone Group's initial public offering priced at $31 a share. The IPO price, which was at the top end of the expected range of of $29 to $31 and set by lead underwriters Morgan Stanley (MS) and Citigroup ?, values Blackstone at about $33.6 billion. Blackstone raised $4.13 billion after 133.33 million common units were sold into the offering, making it one of the biggest IPOs on Wall Street. The stock is expected to begin trading on the New York Stock Exchange, under the symbol (BX) on Friday. 587028[/snapback] A snippet from one of the Agora e-mails. Even more remarkable, here are the same schleps whom Blackstone commonly outsmarts lining up to be suckered again. Today's FT tells us that the IPO is already six times oversubscribed, despite Senate action that threatens to double the firm's tax bill beginning in 2012. The poor boobs think they are going to put one over on Blackstone. For isn't that the real nature of this transaction? The world's most successful insiders are on one side of the table; the world's most na?ve public market investors are on the other. Who's going to get the better end of the bargain? Link to comment Share on other sites More sharing options...
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