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My, Aren't We Full of Surprises


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#16 MrHanky

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Posted 08 August 2008 - 05:23 PM

I went a teenie bit long this morning on an oil CEF (Mostly major oil co's like XOM).Trading at a 13% discount to NAV.

Hopefully I can make a few bucks on a bounce.Just lookin for a few singles,I always loose when I go for the home run.
I might consider goin short If we get to the 1320 area early this week.If this move up is for real,I expect Treasuries to increase drastically in yield which has not happened yet.

I don't think we make a final bottom till everything including treasuries get crushed.Although that seems like it's not very likely by lookin at the tape.


I will be working alot next week,so I don't know If I will even be able to trade at all depending on my schedule.



Keep in mind....I am probably wrong :unsure:

Nothing


#17 cwd

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Posted 08 August 2008 - 05:34 PM

A friend of mine visited the Show Me state once ...

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:lol: :lol:

#18 b1ff

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Posted 08 August 2008 - 05:34 PM

"Skank" does not rhyme with bunt.

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wait...is it GUMP?

gump.jpg

I got nuthin'

#19 Drano

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Posted 08 August 2008 - 05:36 PM

Looks like the Dems don't want Edwards to be a contender for vice president.


Funny thing about the timing of this

Too bad we can't grow up and decide whatever mistakes people make in their private lives are none of our business. It was better in the old days when all the media people knew about the affairs that presidents and other politicos had, but were too genteel to report them.
Of course I'm caustic!

#20 cwd

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Posted 08 August 2008 - 05:36 PM

I went a teenie bit long this morning on an oil CEF (Mostly major oil co's like XOM).Trading at a 13% discount to NAV.

Hopefully I can make a few bucks on a bounce.Just lookin for a few singles,I always loose when I go for the home run.
I might consider goin short If we get to the 1320 area early this week.If this move up is for real,I expect Treasuries to increase drastically in yield which has not happened yet.

I don't think we make a final bottom till everything including treasuries get crushed.Although that seems like it's not very likely by lookin at the tape.
I will be working alot next week,so I don't know If I will even be able to trade at all depending on my schedule.
Keep in mind....I am probably wrong :unsure:

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I thought CEF is the Central Fund of Canada. :unsure:

#21 4shzl

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Posted 08 August 2008 - 05:37 PM

I went a teenie bit long this morning on an oil CEF (Mostly major oil co's like XOM).Trading at a 13% discount to NAV.

Hopefully I can make a few bucks on a bounce.Just lookin for a few singles,I always loose when I go for the home run.
I might consider goin short If we get to the 1320 area early this week.If this move up is for real,I expect Treasuries to increase drastically in yield which has not happened yet.

I don't think we make a final bottom till everything including treasuries get crushed.Although that seems like it's not very likely by lookin at the tape.
I will be working alot next week,so I don't know If I will even be able to trade at all depending on my schedule.
Keep in mind....I am probably wrong :unsure:

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Big Earl gettin' no love at all:

It would be easy to say that crude oil has failed to meet market expectations, and a bear market may be in place. But the harder part is to figure out how long and to what point oil prices will fall.  Projections earlier this year for oil prices as high as $200 fell flat, with prices unable to even reach $150.  "Now anal cysts are lining up to say the top is in," said Sean Brodrick, a natural resources anal cyst at MoneyandMarkets.com.

Marketslop

This kind of sentiment should be good for bounce. :)
The problem with Californians is that they think that death is optional. -- Aldous Huxley

The folly of mistaking a paradox for a discovery, a metaphor for a proof, a torrent of verbiage for a spring of capital truths, and oneself for an oracle, is inborn in us. -- Paul Valéry

#22 Drano

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Posted 08 August 2008 - 05:38 PM

I thought  CEF is the Central Fund of  Canada. :unsure:

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He means Closed End Fund.
Of course I'm caustic!

#23 Bungster

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Posted 08 August 2008 - 05:44 PM

Wish I had SUDS as my wingman here....but here goes..





Too early for me to call right now. The current window is positive, and could stay positive for the next 3 to 5 weeks IMO. I have no idea how much more damage could be done to bears in this window. I'm just playing day to day - sort of hand to hand combat right now....
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush

#24 MrHanky

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Posted 08 August 2008 - 05:50 PM

He means Closed End Fund.

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I like some closed end funds if they trade at a larger discount to the norm.They usually trade back to where the average discount is.Which can get you 2 to 5% if you are right.

The problem is that they don't always follow the market,it's more supply and demand driven.

I just look to make a few percent then bail....But it's not too easy when some are very thinly traded.Can get stuck with no way out if I'm really wrong.Just staying with pretty small positions in this wacky market.

Nothing


#25 Bungster

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Posted 08 August 2008 - 05:51 PM

Looks like the Dems don't want Edwards to be a contender for vice president.
Funny thing about the timing of this

Too bad we can't grow up and decide whatever mistakes people make in their private lives are none of our business. It was better in the old days when all the media people knew about the affairs that presidents and other politicos had, but were too genteel to report them.

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Don't mean to politicize..butt, Dems don't know what they want and don't know what they need. They have a golden opportunity to become the party of fiscal responsibility - and they won't take it. They have an opportunity to make some changes to our nations archaic energy policy - and I'm not sure we will like their choices....Hell I liked Edwards - even with his fancy shmancy haircuts... :lol:
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush

#26 mdporter

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Posted 08 August 2008 - 05:59 PM

Hey!!!

Does everyone remember CNNFN.com's "Millionaires in the Making" dick head series where everyone was going to retire a multi millionaire and real estate would never stop going up?

Well, now we have this.

Posted Image

5 steps to building an emergency fund
The Heinekes may be good savers, but like most Americans, they need to put more cash into a rainy-day fund.

The Heinekes - who only have $2,500 in cash - aren't alone in being under prepared: A third of Americans have no emergency savings,

Surprisingly, Lindsay and Patrick have made a conscious decision not to have rainy-day savings. "We just feel confident that we won't need it," Patrick said when the couple first spoke to Money. They felt that their $116,000 income - from his job in custom manufacturing and hers in event marketing - was secure. And if they ever did face a disaster, they figured, they had $19,000 available on a home-equity line of credit (HELOC) to carry them over.

cnnfn.com full text here <-----

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Ahahahahaha. $2,500 in cash? Sheesh...

The wife is pretty, she could work as a stripper in las vegas and make six figures easily.
The men the American people admire most extravagantly are the most daring liars, the men they detest most violently are those who try to tell them the truth. -- H.L. Mencken

"Only a man who knows what it is like to be defeated can ... come up with the extra ounce of power it takes to win." - Muhammad Ali

"When plunder has become a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it." -- Claude Frédéric Bastiat

#27 K Wave Rider

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Posted 08 August 2008 - 06:02 PM

Here's a likely scenario next week for the trannies if they have indeed flown the coop....

Back below 5K would open the door for a bull slaughter...so how they behave early next week may provide some good clues....

#28 mdporter

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Posted 08 August 2008 - 06:07 PM

Looks like the Dems don't want Edwards to be a contender for vice president.
Funny thing about the timing of this

Too bad we can't grow up and decide whatever mistakes people make in their private lives are none of our business. It was better in the old days when all the media people knew about the affairs that presidents and other politicos had, but were too genteel to report them.

View Post


I can tolerate alot, but I don't like politicians who lie in front of cameras as Edwards has done. He also lied to his sick wife, which is disgusting. I don't care what your political affiliation is... if you can lie to your family over and over again, in public, then you don't deserve to hold office.
The men the American people admire most extravagantly are the most daring liars, the men they detest most violently are those who try to tell them the truth. -- H.L. Mencken

"Only a man who knows what it is like to be defeated can ... come up with the extra ounce of power it takes to win." - Muhammad Ali

"When plunder has become a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it." -- Claude Frédéric Bastiat

#29 Bungster

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Posted 08 August 2008 - 06:16 PM

Ahahahahaha. $2,500 in cash? Sheesh...

The wife is pretty, she could work as a stripper in las vegas and make six figures easily.

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But, I've heard there are guys that park cars that earn 6 figures in LV... :lol:
"It's tough to make predictions, especially about the future" Yogi Berra
"If you believe people are rational beings, you will go through life frustrated and confused" Scott Adams
"Don't dig the dialog of denial"
"No, I don't know that atheists should be considered as citizens, nor should they be considered as patriots. This is one nation under God." George W. Bush

#30 K Wave Rider

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Posted 08 August 2008 - 06:22 PM

Euro weekly with HUGE break off the da top...I think there's a good chance we see at least the .382 retrace of the whole move up on this move, and it could happen in a matter of weeks....

1.30 is a long way down at 100:1





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