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#16 MrHanky

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Posted 26 August 2009 - 07:55 PM

Once again,The muni market went nuts today.Prices up 12 days in a row now.

Always a bull market....Uhhh everywhere :lol:




Looks like equities really want to go down though...IMO

Nothing


#17 shorty

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Posted 26 August 2009 - 08:39 PM

Happen to be in front of the television this afternoon. Cramer encouraging some profit taking.

:mellow:

the entire rally since March has been nothing but profit taking

by shorts

now we have all that cash on the sidelines, might start putting it back to work here

re-opening fresh new short positions for the ride down to 550

looks like the correction is over

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#18 shorty

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Posted 26 August 2009 - 08:42 PM

Once again,The muni market went nuts today.Prices up 12 days in a row now.

good time to sell

Cynical Pontificator of Crock Stocktology

Tiger's Wood, Anthony's Weiner, Barney's Frank, Herman's Cain, Harry's Reid, Elliot's Spitzer
 


#19 Charmin

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Posted 26 August 2009 - 08:44 PM

Got my lawn chair set up....front row of course

12-pack of beers in the cooler next to me...

Just waiting for the post Labor Day action Jackson

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Yeah, the dow could drop 1000 points from here. I'm still pondering the 9690 point of recognition.
http://www.StockShar..._1251333799.png
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#20 Charmin

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Posted 26 August 2009 - 10:05 PM

Groundhog Day for the Dow would be for 9660 area to be a neckline retest and create a point of distribution - just as when a neckline of a head/shoulders breaks and then retests.

Yeah, it's all scratching at the bark at this stage.

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#21 specie

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Posted 26 August 2009 - 10:19 PM

Hey Jickiss

if you are around

are you serious about GG?

I don't know about others posting what they have but....

I've got 26,900 shares of GG with a cost basis of $2.61

I just sold covered calls for the first time ever

I sold 100 Oct 35 calls for $3.10 earlier this week.

now you're scaring the SHI%&#* out of me
specie = Money, especially in the form of coins made from precious metal, that has an intrinsic value

#22 Rationalize

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Posted 26 August 2009 - 11:04 PM

:mellow:

the entire rally since March has been nothing but profit taking

by shorts

now we have all that cash on the sidelines, might start putting it back to work here

re-opening fresh new short positions for the ride down to 550

looks like the correction is over

Ah hhahaha.. Oh Sure T, I do like yer pernt of view... "looks like the correction is over".

Now that the chort coverin is done, the trend can continue :lol:
PARTY! NORTH KOREA! SATURDAY NIGHT! BYOF (bring your own food)

#23 Jimbo

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Posted 27 August 2009 - 05:02 AM

ANYBODY CAN BUY A BANK NOW _GOING CHEAP CHEAP CHEAP

"The Federal Deposit Insurance Corp.'s board voted 4-1 in a public meeting to revise the rules it proposed last month in a way that lessens the amount of cash that private equity funds must maintain in the banks they acquire."

So only 10% deposit gets you a nice new fixer upper failed bank stuffed full of cheap fed guaranteed money - no questions asked thankyou very much.

What to do with all that fed guaranteed money????

Loan demand has gone down the tubes.

Well use it to bail out all of your underwater LBO's (oops sorry "private equity" is the PC term nowadays - LBO is so 80's isnt it, must not associate with past scandals must we) for a start, if the big boys dont want to roll over the debt when it comes due.

eg a negative equity situation

Certainly looks tempting for the LBO crowd.
timoleon





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