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#31 Sphinxter

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Posted 04 March 2003 - 06:54 PM

Ya know, as usual, I came kind of late to this party. But for those of you who have been living with this knowledge for years, first my hat's off to you, and second, here's a little flash to the past in case you forgot from whence you came.

On November 11th, 2002, after much sustained erosion and a goodly period of developing some disturing facts, I took a good hard look at my portfolio. I asked some hard and very specific questions of my Broker and heard a soothing litany of measured responses: "Stocks always go up over the long run...trading on fears is bad policy ... Gold? Are you nuts?" Etc. Since then, unfortunately, my portfolio is down 14.2% :cry:

Fortunately, I overcame my inertia and said "STFU - SELL!" and am now up 14.2% even before any of my reinvestment activities. :D :D :D

Hahahahahahahahahaha! I pinged my former broker again today with my RTD because I am still bitter over the fact that I had to learn more about his F-ing business than he and because I have a mean streak when it comes to basic incompetance and/or shilling.

Honestly, I almost thought I was going to have to physically go down there and make him do my bidding. He tried everything in the book "why don't you think about it for 48 hours...no?... how about you talk to my boss, he's the best trader I know...no?..."

Yeesh. I don't know how a weaker willed person could get past that ... (yes I do, on 9/11 when the voice over the loudspeaker comes on in the South tower and said 'go back up to your offices, everythings fine' many a weaker willed person ignored their own intuition and obeys...think about that...from my perspective our economic North tower is aflame and still the shills lure people in. Shame).

House on the market since Nov 12th (still no takers) so I ain't out of the woods yet :unsure: :unsure:

So ambivalence reigns: it all can't fall fast enough on the one hand but I need it to hold together a bit longer on the other hand....

So thank you to all the stoolies who taught me more about the true nature of investing/conditions during my active, sustained campaign of lurking than my previous 39 years, and MBA, managed to accomplish.

#32 Tchaikofsky

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Posted 04 March 2003 - 06:55 PM

Courts say hooey to Victoria's Secret

NEW YORK (CBS.MW) - The U.S. Supreme Court rocked Victoria's Secret Tuesday by ruling against its claims that a small Kentucky sex store was diluting the national chains powerful trademark.
. . .
The case focused on whether a small store called Victor's Little Secret was blurring the distinction between itself and the national chain. With a store slogan that reads, "Everything for Romantic Encounters," Victor's Secret sells lingerie, sex toys and adult video.
. . .
Shares of Victoria's Secret parent Limited Brands (LTD: news, chart, profile) came undone by better than 4 percent, or 51 cents, to $11.36.



Mark, if ever I saw an item which cries out for your expert analysis, this is it! :lol:

#33 wndysrf

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Posted 04 March 2003 - 06:58 PM

Injured Grizzly:

I saw Crapvision pump Dreyer's in the PreMarket. The early ticker showed a good pop to the upside. I was tempted to short it, but followed PileDriver's advice to avoid the Glamazon Chicks.

Oh, Well......

Maybe Meg Whitman will be accused of insider trading. She's been selling like mad.

"EBAY halted trading at $78.25"

"Meg Whitman indicted for insider trading. EBAY resumes trading at $41.59"
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#34 jraabe

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Posted 04 March 2003 - 07:00 PM

Just a little tidbit from DEBKA (http://www.debka.com/):

"According to unconfirmed rumors in South Korea and Japan, a piece of a warhead from a long-range missile test-fired by North Korea was found in Alaska, which would mean that Pyongyang’s missile capabilities have so far been underrated."

News may be noise but that doesn't mean it's not interesting.

#35 machinehead

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Posted 04 March 2003 - 07:02 PM

Japanese 10-year govt. bonds fell to a record low 0.74 percent yield.

Defration no mondai

Not surprising, with the J-yen actually strengthening against the US dollar.

As someone commented a couple of weeks ago, you know you're a failure as a central banker when you can't even destroy your own currency.

Sayonara, [BOJ gov] Hayami-san! You clazy.
"GOLD -- it's not just for misers anymore."

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#36 GregFokker

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Posted 04 March 2003 - 07:07 PM

"'These guys are the new supermen of the City. 'They are in demand, unlike most other types of banker in the City. 'There are very few of them and the area is very young. 'The bandwagon gathered pace in 2002, with second and third-tier banks struggling to fill a growing number of vacancies as the market continued to expand.'

This is how Soloman's "Masters of the Universe" mortgage traders used to be described in the 1980s (Liars Poker and all that).

Such inflated language, and 'second and third-tier banks struggling' to get in, tells you that the smart money is already selling out to the dumb money.

Wonder what Nick Leeson's up to these days?

Died of cancer, I believe.

...A declining spenglerian carnival of Colossaalism united with Inflation where the numbers one through 10 are forever banished as worthless arithmetical detritus from a bygone age... - Beardrech

Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny

Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty


#37 wndysrf

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Posted 04 March 2003 - 07:18 PM

The End:

INO.com charts are showing a big gap down on USD and gap up on gold after hours.

Gold now safely above 354-355 resistance, Dollar now in the 98 zone.

Can you confirm this?
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#38 TJM

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Posted 04 March 2003 - 07:20 PM

http://www.morgansta...030228-fri.html

VERY INTERESTING.........

Stephen Roach (from Singapore)


Not all shocks are alike. Nor do they exert comparable impacts on macro
economic performance. Shock analysis has two critical dimensions — the
magnitude and duration of the shock itself, as well the pre-shock condition
of the affected economy. On both counts, the oil shock of 2003 is
extremely worrisome. That leads me to conclude that the risks of renewed
recession in the US and in the US-centric global economy are high and
rising.

More

#39 crapax

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Posted 04 March 2003 - 07:23 PM

Yeah what happened to Uncle Buck?

I use xe.com to get a fair idea - quick n easy to eyeball the various cross-currency rates.
Uncle Buck slipped from 1.08853 (to the Euro) at the close to 1.09671.....and falling.

Hell, what happened? :lol:

#40 MrHanky

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Posted 04 March 2003 - 07:23 PM

U.S. Deploys 24 Bombers to Guam to Deter North Korea


http://news.yahoo.co...cat=north_korea

Nothing


#41 The End

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Posted 04 March 2003 - 07:28 PM

The End:

INO.com charts are showing a big gap down on USD and gap up on gold after hours.

Gold now safely above 354-355 resistance, Dollar now in the 98 zone.

Can you confirm this?

Yepper.

http://quotes.ino.com/
NONE of what I type, should be taken as financial advice.

And when you loose control, you'll reap the harvest that you've sown
And as the fear grows, the bad blood slows and turns to stone
And it's too late to loose the weight you used to need to throw around
So have a good drown, as you go down, alone
Dragged down by the stone.


--Waters

#42 Injured Grizzly

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Posted 04 March 2003 - 07:29 PM

Injured Grizzly:

I saw Crapvision pump Dreyer's in the PreMarket. The early ticker showed a good pop to the upside. I was tempted to short it, but followed PileDriver's advice to avoid the Glamazon Chicks.

Oh, Well......

Maybe Meg Whitman will be accused of insider trading. She's been selling like mad.

"EBAY halted trading at $78.25"

"Meg Whitman indicted for insider trading. EBAY resumes trading at $41.59"

Wndysrf: I'm not short the stock but when I saw it was down I went to the Yhoo message board to hear the screaming for a minute. One guy thought this would be hard on the S&P tomorrow because the hedge funds would have to sell anything they could to pay the margin losses on the DRYR trade. I doubt there is that much interest in the stock to cause a big disruption like that but it would be nice to see. :rolleyes:

They said somebody sold 5.00 calls at the 70 strike and bought 3 times as many 70 puts with the money. Wound up being a very lucrative trade. The yhoo ies are very upset about it. Oh well.

#43

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Posted 04 March 2003 - 07:31 PM

The End & All
Thanks, Bro, for putting out the welcome mat-I have become a devotee of Marky. I hang out over at the Gold-Eagle forum where I'm one of the chief cook & bottle washers--On that forum in about March 1999-I started pounding the table to buy the June 2000 $400 gold call-It actually could be bought, then, for $50-Imagine, a full calendar year and going into Y2K plus all the other risks that could manifest in a mania--I had 100 of them-by summer of 1999 they were languishing in my account at $20 a copy-Then, in the fall of 99, came the $84, 10-day rally in gold-one of those days gold was up $45 intra-day-my call traded at $1800-I sold 1/2 of mine at $900 & $1100--I ate the rest. I also had 100 Dec $400 1999 calls bought for $50 each-I sold 1/2 of those at $500. I musta put at least 100 guys in that trade-I relate this for no particular reason-I have nothing to tout-I never have been a broker--just have a lot of commercial real estate and keep some PM options on to have some interest in the game-I don't work-besides, I turn my old lady out to trick every day: She's a senior partner in a surgical group at a big time hospital outside of Manhattan-I live in Pleasantville, N.Y. but was born & raised in Peoria, Ill. My sister lived in Beverly hills-on Whittier between Sunset & Santa Monica for almost 40 yrs-her husband had Foothill Group-he was a co-founder-My dad lived in Century City--I spent a lotta time in Calif., so I can relate to Marky's tales of L.A.

#44 martialcomp

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Posted 04 March 2003 - 07:31 PM

A further deterioration of the dollar probably ties Greenspan's hands even more.

Today, they released 6.75 billion in over night repos with 7.25 expiring which equates to a net drain of 500 million.

Will Greeny continue to drain? If the dollar continues to go down, he will almost HAVE to won't he?

This means a continuing down trend in the markets. Next stop, Fib/trin turn date of March 13th? My thinking is we go down until then unless the war starts a few days sooner than March 13th.

#45 phatbubble

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Posted 04 March 2003 - 07:32 PM

fokker: follow-on from last night. rod stewart & ron wood actually were in the faces together (before ron left for the stones).

sadly, i cannot, as of this post, provide any photographic documentation that al dimeola, lou reed, and robbie robertson are not all the same person. my people are on it, though.
Quod Severis Metes

Your life is the sum of a remainder of an unbalanced equation inherent to the programming of the Matrix. You are the eventuality of an internal anomaly, which despite my sincerest efforts, I have been unable to eliminate from what is otherwise a harmony of mathematical precision. While it remains a burden assiduously avoided, it is not unexpected, and thus not beyond a measure of control. Which has led you, inexorably, here.
You haven't answered my question.
Quite right. Interesting. That was quicker than the others.





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