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Really weak-end thread Aprl 30th- May2nd


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#46

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Posted 30 April 2004 - 09:10 PM

Gtn- I think Oil is ok-but you gotta remember that in a panic-should we get one everything gets sold. I am assuming you are not down on omni so if that is the case hang a real tight stop on it that will get you out in one piece. I constantly preach the value of "stops" but very few listen my maximum risk (unless I am playing with the house's money) is 3 points which means I get a paper cut instead of my head handed to me on a plate.

Brian4,

By three points, do you mean 3%? If you have any, how do you treat your longer term holdings stop wise? Do you keep the same tight stops or do you leave additional room?

#47 DrStool

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Posted 30 April 2004 - 09:13 PM

Interesting about the one term presidency and the market being down in April. The market is going down and shrub should lose, both for the same reason. Wall Street is losing confidence. I don't think it's that they don't trust Kerry. The Street did damn well under the last Dem. What they don't trust is the direction the current admin has been going.

Not that any of that matters. It is just time for the whole thing to come apart. Bush is a part of that, both effect and cause.

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#48 Hiding Bear

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Posted 30 April 2004 - 09:25 PM

I like Kerry. He is cautious and indecisive. Just what we need. Much better than an aggressive, impulsive, vindictive, abusive alcoholic.

Stain and Doc have it just about right.

I'm quite sure that both canadates are equally capable and willing to destroy the value of the dollar and run up enormous budget and trade deficits. The Democrats are also capable of messing up the mid-east and international affairs, just that Kerry will do it a slower than GWB - as he is more worried about ketchup than oil.

Thanks for the crash alert. We are getting closer to that possibility, maybe a couple more days on the downside are needed to get it going.


Lesser Evils
By MICHAEL IGNATIEFF

Published: May 2, 2004

The Fire Next Time

It has taken nearly three years, but the 9/11 commission and the Supreme Court hearings on enemy combatants have given us our first serious public discussion about how to balance civil liberties and national security in a war on terror. Even so, we have not begun to ask the really hard questions. The hardest one is, Could we actually lose the war on terror?


http://www.nytimes.c...e/02TERROR.html

#49 brian4

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Posted 30 April 2004 - 09:30 PM

Porter-I am primarily a Spoo player and that is where I risk only 3 points. As to long term stuff- GG, AEM, PDG VGZ, HUGO, Encana, Suncor they don't get sold but they were bought long ago and they are core holdings. ;)

#50 brian4

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Posted 30 April 2004 - 09:42 PM

Porter if you are buying puts on a stock and lets say you pay 4 bucks my stop would be 5 bucks and if I got the move to say $3.00 my stop would immediately be 4 bucks breakeven. You have to develop an expertise-Depends for example is a master at shorting turds, so is Plunger, Guys like Dark Docky, TE and I and Hi-hat and Stain stick to Spoo's, Zen and Sleddy like Q's, LLD likes Rut whatever you choose know it like the back of your hand, know where it was yesterday, hourly know the intra day highs and lows and note the times and average the times and soon you will see a pattern! ;)

#51 DrStool

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Posted 30 April 2004 - 09:54 PM

Actually, the ketchup business came from Mrs. Kerry's first husband, who was killed in a plane crash, or a skiing accident, I forget. He was Senator John Heinz (R-PA). That's the connection.

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#52 DrStool

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Posted 30 April 2004 - 09:55 PM

Crash Watch Goes Defcon 5

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#53 depends

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Posted 30 April 2004 - 10:01 PM

This little fart (I mean chart) is following the market down
into the depths of oblivian.

A very old bull friend of mine from back on the street,
where I have lived in a garbage can for
thirty years, as come to a terrible demise.
Posted Image

Attached Images

  • mrmarket.gif


#54

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Posted 30 April 2004 - 10:01 PM

We didn't start the fire
It was always burning,
Since the world's been turning.
We didn't start the fire
But when we are gone
It will still burn on and on and on and on.....

Billy Joel -- We Didn't Start the Fire

#55 Hypertiger

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Posted 30 April 2004 - 10:16 PM

Judgement day...
"We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money (at the request of the consumer) we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." --Robert H. Hemphill, Atlanta Federal Reserve Bank,1938...

#56 brian4

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Posted 30 April 2004 - 10:21 PM

Kernel-that was Brilliant! History in a bottle.!

#57 brian4

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Posted 30 April 2004 - 10:24 PM

Hyper-Judgement day Indeed! ;)

#58

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Posted 30 April 2004 - 10:28 PM

Kernel-that was Brilliant! History in a bottle.!

Figured that you'd like it. B)

#59

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Posted 30 April 2004 - 10:33 PM

This little fart (I mean chart) is following the market down
into the depths of oblivian.

A very old bull friend of mine from back on the street,
where I have lived in a garbage can for
thirty years, as come to a terrible demise.
Posted Image

I do believe that little chart looks like one of Bare's dangling serpents. :P

#60 brian4

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Posted 30 April 2004 - 10:36 PM

It is obvious that Ernie was in the wrong can at the right time-another Enemy of the State Mi-God is Oscar next?? ;)





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