The Bunny Ranch

[Guest BEARDRECH]

hey mark thanks for th portrait of the manhatten merry-go-round

but whats with big Al guaranteeing the absolutely positively sanitary nature of his bunny-harem-why the low down hippocritical shtunk is so paranoid about these poxed woman that he avoids them like the plague, and,whats more,makes sure that while pleasuring himself always wears surgical gloves--

beardrech

p.s. a lenghthy but ,i believe a particularly applicable quote fromprofessor Sornette

"the common denominator to the various examples of crisis is that they emerge from a collective process;the repetitive actions of interactive nonlinear influences on many scales leads to a progressive build-up of large scale corelations and ultimately to the CRISIS.In such systems ,it has been found that the organization of spatial & temporal corelations do not stem,in general, from a NUCLEATION PHASE diffusing across the system. It results rather from a progressive and more GLOBAL cooperative process occuring over the WHOLE system by REPETITIVE INTERACTIONS" like Mark's description of the apparently interminable seemingly endless repetition of the heat seeking pisswhistles--the repetition,if i understand Sornette correctly, is indeed,apparent but not real,the changes being somewhat invisible tothe naked eye--and neither is the explosion of the ssystem starting in one sector THE CAUSE but rather the effect--

beardrech

 

FROM DIDIER SONETTE' S resume professor of geology and student of CATASTROPHISM----

[Yaryman]

Maria Bartiromo - never ceases to amaze me.

Today she told us that because companies like IBM are having to replenish their pension funds - there will be more money going into stocks. So unfunded pensions are a POSITIVE, forget about the impact on the profits/cashflow.

One can only hope, that when it's all said and done, Maria Bartiromo is

tried for crimes against humanity.

[Metamucil]

Beardrech....excellent!

 

 

:grin: :grin: :grin: :grin: :grin:

 

 

[buttugly]

Bareister: Re Homebuilders. I have been a bit cautious of the HB sector as it is pretty small in terms of market cap. And it attracts a lot of interest. I only have one homebuilder short (CTX).

 

A sector I am more interested in is biotech - refer attached. Which highlights it's not far from a possible break.

 

http://stockcharts.com/commentary/archives...w20021208h.html

 

I have been looking at BBH or some more AMGN or GILD (late Dec).

[Metamucil]

Supermodel index.

Not looking good for bulls.

 

[Metamucil]

AMGN needs to hold the 30 wk MA....otherwise the BBH is toast.

Hurst cycles for BTK appear to have topped out quite nicely.

 

[Guest]

Bareister: Re Homebuilders. I have been a bit cautious of the HB sector as it is pretty small in terms of market cap. And it attracts a lot of interest. I only have one homebuilder short (CTX).

.....

I have done very well shorting the homebuilder this year. Shorted four of them once and closed all for a nice profit. Let them run up, and then shorted the same four again. So far two have hit my target and closed and the other two are looking like they'll close this week. They have fairly reliable if you can wait and have patience.

[Charmin]

Tim Ord is calling any retracement back to 1425 to hit resistance there and after chopping around to fall to the 1190 area and July lows. He will take a bear position at 1425.

 

Don't forget tomorrow is Wierd Wally wednesday before options expirations.

[buttugly]

Meta: nice charts.

 

I think you are right AMGN is a safer play.

 

GILD is one of the "runaway GIMPs".

Dangerous to chase.

[mobhasmorescruples]

The amount of daily pumping is absolutely mind boggling! Every sale is reported , every new deal is reported as if it actually matters. The president has more airtime than Michael Jordan these days. Everytime an inspector takes a dump in IRAQ Proctovision assures us that it wasnt nuclear and the sheep bid up stocks....I am one who truly loves the fact that stocks can be bid up to outrageous levels. Its a technical game now folks...The market is a trading Casino and that is it! Learn the charts and trade....trade short always, and on the big big rallies with massive overextension (semis recently) get yourself some deep in the money puts on the cheaps......This market is a gift for bears. If you have a system of what to look for for overbought stocks technically, you know fundamentally they are crap, and you can make a fortune on the correction. NVLS at 37 for example and MXIM at 43, etc....PIXR should be a good one too very very soon.....But I for one love the rallies....it keeps us bears filloinup our bank accts.....happy trading to all and to all a goodnight

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[Guest]

Don't forget tomorrow is Wierd Wally wednesday before options expirations.

Charm - options expire on the 20th this month.

[buttugly]

per oleman, it should be easy "buy every dip on the way up and be wrong once at the top, whereupon prices would fail to make a higher high. And on a downtrend ..... sell every rally and be wrong once at the bottom"

[Goldmember]

Don't get busted in the U.S.:

 

Prison labour camps

 

While in a private slammer, drug war prisoners should expect to work long and exhausting days making circuit boards, valves and fittings, eyeglasses, water beds and blue jeans. In Ohio, prisoners do data processing, and in Southern California they answer phones to book vacation flights for TWA.19 Typically, prisoners are paid for their work, but most of the money they make is taken from them by the prison for rent, food, taxes, and a host of other exagerrated costs. Most inmates actually earn only pennies an hour.20

 

The drug war equals profits as marijuana smokers fill private prisons with cheap labour. Between 1980 and 1994 the number of inmates working for big businesses climbed 358%, generating profits of $1.31 billion.21

 

As in the early 1900's, businesses in regular society are hit hard by prison labour. When LTI, a circuit board manufacturer, relocated to a Wackenhut prison in the early 90's, they closed their plant in Austin Texas, and layed off 150 employees. Although, by law, corporations that contract prison labour are supposed to consult with local unions and businesses, in reality there were no such meetings when LTI moved shop. Similarly, Honda hired prisoners to assemble car parts for $2.05/hour (of which inmates got to keep 35 cents) without soliciting outside opinion.19

 

Private prison supporters claim that the revenue generated by inmate labour converts to lower operating costs. But a 1996 GAO investigation found that the government pays about the same in subsidies to the private prison industry as it does to run its own institutions. Private clinks are no less expensive than public ones, and provide worse services as they cut corners in a race to increase profits.

 

The private prison labour system feeds on itself like a snake eating its own tail. Less jobs in the public sector means more unemployment, which equals more poverty, more replacement of local economies with marijuana and drug economies, swelling ghettos, increased drug war enforcement, more drug-war prisoners, and eventually more private prisons to hold them all.

 

Dark ironies abound in the emerging corporate feudalism. The CIA imports cocaine? but small-scale dealers are the ones put behind bars. A private prison is proposed to hold Washington DC's predominantly black inmates on a former slave plantation in North Carolina? where they will toil in corporate sweat shops as their ancestors toiled in the fields.22 America is being converted into a two-class society, with the labouring masses enslaved in work camps, and business owners and managers ensconced in newly redeveloped and cleansed ghetto areas, fortified "gated communities" similar to medieval castles with walled villages.

[ThorAss]

Some more advice on WHAT to short as opposed to when to short.

 

1) Short stuff between $10 and $50.

 

2) Short what has more than doubled in price since the Oct. low.

 

3) Short only those which made a lower low in Oct.

 

4) Short only after the RSI has bettered then fallen thru RSI(14) at 70.

 

5) Avoid them if they gapped down.

 

6) If they fell big (off the top before you get on board), keep them on the radar and sell a partial retrace.

 

7) Put your STOPS at least above the high.

 

Good luck!

[Guest]

Thanks Thorass, could you mention a few as example?