350zCommtech's Account Talk

[hessian]

Hey 350,
Any thoughts on the F-Fund's last 25 min. moon-walk??

 

[Frixxxx]

Officially surprised.

ME 2:blink:

 

[mojo]

Hey the stimulus package is working!!

http://www.youtube.com/watch?v=bf78Dne_64o&feature=related

This guy will be Obamas Joe the Plumber.

 

[350zCommTech]

Hey 350,
Any thoughts on the F-Fund's last 25 min. moon-walk??

1.5 cent gain.

 

[350zCommTech]

Some charts:

View attachment 5867

View attachment 5868

View attachment 5869

View attachment 5871

 

[mojo]

1.5 cent gain.

Nice, well done.

 

[Birchtree]

Yes, thanks for the graphs - starting to look a lot like July 2002, October 2002 through March 2003. The run from March was 3,000 points - this next run could be twice that amount. Hope does spring eternal, right?

 

[350zCommTech]

1.5 cent gain.

Nice, well done.

Down .5 cent.

That doesn't make sense.

 

[350zCommTech]

Hope does spring eternal, right?

When did you become an Obama supporter?

 

[Birchtree]

Yes, thanks for the graphs - starting to look a lot like July 2002, October 2002 through March 2003. The run from March was 3,000 points - this next run could be twice that amount. Hope does spring eternal, right?

 

[350zCommTech]

Yes, thanks for the graphs - starting to look a lot like July 2002, October 2002 through March 2003. The run from March was 3,000 points - this next run could be twice that amount. Hope does spring eternal, right?

AIG = $.53, ABK = $.97 and GE is at $8.85.

Are you still holding these stocks?

What is your strategy? Hold to zero?

 

[Birchtree]

I'm still holding those stocks - primarily in case I need the losses to offset gains that may come later. A loss can be a plus down the road.

 

[Frixxxx]

Nikkei down 3% 2 hours in.

USDJPY building strength.

Vix at 52+

NEED SOME GREEN TOMORROW~!~!

 

[350zCommTech]

Nikkei down 3% 2 hours in.

USDJPY building strength.

Vix at 52+

NEED SOME GREEN TOMORROW~!~!

TOKYO (Nikkei)--The Bank of Japan on Monday conducted a money market operation that lends an unlimited amount to financial institutions at 0.1% in exchange for such collateral as corporate bonds, the latest in a series of policy measures aimed at stabilizing the domestic markets and the financial system.http://www.nni.nikkei.co.jp/CF/FR/GATEWAY/rss_news.cfm?URL=/AC/TNKS/Nni20090224D23JFA06.htm&Check=1

It's helping a little. The YEN is falling, but not much. AORD 's are also down over 1%. Futures are up by a few points.

We are oversold and overdue for a bounce, but like I mentioned before, there is no fear in the market yet.

There are still too many bulls. Just look at the VIX chart I posted earlier. This is looking more and more like early OCT.

Here's a look at the dollar index.

View attachment 5873

 

[350zCommTech]

Karl at marketticker is raising some interesting questions about AIG. Please go to the link and check it out.

http://market-ticker.org/archives/824-AIG-Inquiring-Minds-Want-To-Know.html

Here's an excerpt:

Are we bailing out AMERICAN companies?
Or is the truth just a bit different...... and we're not being told because, well, "We The People" might start chanting "When in the course of human events...." were we to be told the truth about where $150 billion has already gone, why we took on some $60 billion in guarantees, and where up to one quarter of a trillion dollars may have disappeared to as of Monday.
Don't you think we deserve some of that promised transparency?
Oh, and what was Hillary doing talking with China about buying treasuries the other day?
Just curious.

 

[mojo]

At this point it doesn't even surprise me.

Quite a long term relationship there 1919-2009.

I went to dinner tonight with very very rich man and he used the term tax revolt. It really surprised me coming from him. He's really angry.
Made me think there may be some fight in us yet. Hold fast.

 

[350zCommTech]

At this point it doen't even surprise me.

They need $60B by Monday or they file BK. I'll be in G by Friday.

 

[350zCommTech]

EUR/USD update: Notice how it has retraced 100% of Monday's afternoon sell off, but yet, the SP futures are only up 6 points. The same is true for the other major currencies. The USD/YEN is back up at 95.25, but futures are timid. The BOJ even threatened to bring out their version of the PPT to support the Nikkei. So far, it's not working.

View attachment 5876

 

[Warrenlm]

I went to dinner tonight with very very rich man and he used the term tax revolt. It really surprised me coming from him. He's really angry.
Made me think there may be some fight in us yet. Hold fast.

Would you share more on this? The "drink the water" group receiving Obama's words tonight aren't thinking of revolt. The vast numbers in the lower percentages of actual taxpayers are being misled by the "only the wealthy" talk. The very wealthy just move their money somewhere else. Is that the "revolt"? If so that means group two have a double surprise coming their (our) way.

 

[mojo]

Would you share more on this? The "drink the water" group receiving Obama's words tonight aren't thinking of revolt. The vast numbers in the lower percentages of actual taxpayers are being misled by the "only the wealthy" talk. The very wealthy just move their money somewhere else. Is that the "revolt"? If so that means group two have a double surprise coming their (our) way.

There really wasn't much more Warrenlm. The comment was made while having a conversation about Obama's fiscal policies and his speech yesterday. I didn't even follow up on the tax revolt comment so I don't know specifically what he meant. In context it didn't sound like an individual action. He was not at all happy with Washington and Obama's policies.