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World Stock Markets Trading Discussion - Vestigal veneer


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w?s=%5EAORD

 

All Ords crawled up painfully to close +0.2% with small mining and exploration stocks taking a right hiding. Gold -1.8% sank the most followed by Consumer Discretionary -0.9%. Miners and Materials, both +0.7%, had the biggest gain.

 

Asia uninspired: China -0.4%, Honkers -0.4%, India flat and Nikkers -0.7%.

 

 

On to UK/Europe:

 

image;size=239x110

 

 

image;size=239x110

 

 

image;size=239x110

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Rochdale Says Bad Apple Trade Led to Rescue Bid

 

Rochdale Securities LLC confirmed late Saturday that
errant trading
in shares of
Inc.
had led it to seek outside help to stay afloat.

"Rochdale had an unauthorized trade that left us with a negative capital position. We are in talks that would result in a healthy balance sheet, and we expect to be trading maybe as early as Monday," said Rochdale President Daniel Crowley.

He said the unauthorized trading was in shares of Apple, and that, as of Saturday evening, the company was in talks with two firms for a possible injection of capital. He declined to offer more details on the unauthorized trading.

MI-BS240_ROCHDA_D_20121104181117.jpg

______________

Translation: We started buying when it got to $700, then at $705 we loaded up on more, but due to out pathetic capital position we needed to buy on margin. As it broke below $700 we bought our largest position after watching Fast Money's Jon Najarian reco to "load the boat at $658"! And then....well....you know what happened

BWAHAHAHHAHAHA

 

As of the end of 2011, Rochdale had $3.4 million in capital, according to a filing with the SEC.

 

 

That's Million with an "M"

 

BWHAHAHAH

BWAHAHAHA

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That pop pulled the 2 and 3 day cycle projections up to $spx 1405. 5 day projection invalidated with no new projection. Noisy, non cyclical pattern but only a very weak prelim 2 day cycle buy signal.

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