350zCommtech's Account Talk

[350zCommTech]

Generally speaking when the yen goes up stocks go down and when the yen drops stocks go up. I'm giving you an opportunity to pull a low ball like Griffin so you can ask me not to post in your thread - before you blow those valves again. I'll oblige your request.

I'm not here for fame. I'm come here to share what I know, learn from others, and of course make money. I have no problem as long as you keep your posts relevant and informative.

 

[fedgolfer]

350, NFL net is having the replay of the Bears/Vikings game at 8pm EST tonight. Although we lost, it was an entertaining comeback... just turn off the TV on the final kickoff return to Peterson leading to that lucky 55 yd FG.

 

[350zCommTech]

350, NFL net is having the replay of the Bears/Vikings game at 8pm EST tonight. Although we lost, it was an entertaining comeback... just turn off the TV on the final kickoff return to Peterson leading to that lucky 55 yd FG.

I saw the whole thing. The ending was exciting, but the Bears deserved to lose that game. The play calling sucked. Quarterback sucked, running back sucked, and the defense is missing too many starters in the secondary.

I'm at work anyway...

 

[350zCommTech]

Dead cat alert.

I'm going to bail from the I in case of a +FV. I'm looking at either S or G.

 

[ChemEng]

Dead cat alert.

I'm going to bail from the I in case of a +FV. I'm looking at either S or G.

Im looking to jump out of I today also. Im leaning towards S, even though it means that if I get the +FV (ie the Fed plays nice) Ill be buying in high.

I dont think the drop in DX today will be sustainable for long, which is another reason to get out of I.

 

[350zCommTech]

LOL!!!

Friday is OPEX. Is Ben going cut the discount rate again? Did he leak the news out again?:nuts:

 

[350zCommTech]

Dead cat alert.

I'm going to bail from the I in case of a +FV. I'm looking at either S or G.

I'm now feeling a little bit better about my move to G for tomorrow. Etrade missed and the stock is getting hammered. Ebay posted nice numbers but the stock is now turning red.

The Yen rose after the close, which makes me question the late day rally.

 

[350zCommTech]

Can you say Enron?

SEC probes Countrywide CEO's stock sales - WSJ

By John Letzing, MarketWatch
Last Update: 6:13 PM ET Oct 17, 2007

A story in the online edition of The Wall Street Journal, citing people familiar with the matter, reported the SEC is probing stock sales made by Countrywide CEO Angelo Mozilo, who sold at least $130.6 million in Countrywide stock in the first half of this year, according to an executive sales plan. See Wall Street Journal story (subscription required).
Countrywide shares tumbled in the second half of this year, as it and many other mortgage lenders fell on hard times as the market for subprime loans crumbled.

Read the rest here:http://www.marketwatch.com/news/sto...x?guid={9E0F8618-91C8-4028-9AC7-28AC4933FCF8}

 

[Griffin]

Can you say Enron?

Enron

 

[350zCommTech]

Bernanke: Humility key to being a central banker

By Greg Robb
Last Update: 10:00 AM ET Oct 19, 2007

WASHINGTON (MarketWatch) -- Federal Reserve Chairman Ben Bernanke said that central bankers need humility about their ability to forecast and manage the future course of the economy. In a speech honoring retiring St. Louis Fed President William Poole, Bernanke said new research shows the importance of the uncertainty of the public about the economy and central banks. This is a reason for central banks to strive to be predictable and transparent, avoid overreacting to current economic information and recognize the challenges of real-time assessment of the sustainable level of the economy. Bernanke did not address the current outlook for the economy or monetary policy in his remarks.

http://www.marketwatch.com/news/story/bernanke-humility-key-being-central/story.aspx?guid=%7BDDE3BEA3%2D88C7%2D42DF%2DB407%2DFEC72DD7C692%7D

You mean like a .50% cut in the FFR?

Bernake, you need to get NUKED!

He is now back tracking as he tries to slow the dollar's fall.

 

[350zCommTech]

Getting close to a double top?

View attachment 2327

 

[350zCommTech]

A Friday like this is usually followed by a bounce on Monday, but my indicators tell me that next week will be bad again.

Apple reports after the bell on Monday so a bounce on Monday does make sense. But we'll probably get a sell the news on Tuesday. Didn't Apple reduced the price of the Iphone?

 

[ChemEng]

A Friday like this is usually followed by a bounce on Monday, but my indicators tell me that next week will be bad again.

Apple reports after the bell on Monday so a bounce on Monday does make sense. But we'll probably get a sell the news on Tuesday. Didn't Apple reduced the price of the Iphone?

Yes. And lowered the price to existing iPod lines to make room for their newer models.

Im staying out today for what its worth. Lots of downside possible for next week with little upside potential.

 

[350zCommTech]

Yes. And lowered the price to existing iPod lines to make room for their newer models.

Im staying out today for what its worth. Lots of downside possible for next week with little upside potential.

Yup, I agree. A bounce on Monday morning might not hold in the afternoon. A double top could scare some folks over the weekend.

 

[fedgolfer]

they did reduce... and the price is well reflected on the pull back from that, but that was 30 ticks ago!!! If they don't knock the cover off the ball, they'll see a big sell off. If they meet estimates, they'll sell off, IMHO. The 2 million share sell order at the end of yesterday should not bode well for the next couple of days... of course whoever sold there (close to the short term top), could easily buy back in. Sounds like distribution... looks like it on the QQQQs.

 

[350zCommTech]

Looks like a big attempt to bounce right now. That's another reason to stay out.

 

[350zCommTech]

Looks like a big attempt to bounce right now. That's another reason to stay out.

This morning's dip buyers are getting raped. Let's see they're going to make another attempt.

 

[350zCommTech]

This is not a joke!

 

[350zCommTech]

Wow! futures are on fire in after hours trading, thanks to Apple and TI. I probably should have gone 100S instead of 50/50-C/S.

Tuesday after the bell, Centex will report very bad numbers.
Amazon's numbers will probably be OK.
Wednesday before the open, MER will report a loss. If it's worst than expect, the markets could be headed down again.(more credit market worries)

Also, Pulte Homes will report a loss after the bell on Wednesday.

Are the bad news already priced in? If we move up big tomorrow, I will either move it all to the I fund or take what I can get and go to F.

 

[ATCJeff]

Wow! futures are on fire in after hours trading, thanks to Apple and TI. I probably should have gone 100S instead of 50/50-C/S.

Tuesday after the bell, Centex will report very bad numbers.
Amazon's numbers will probably be OK.
Wednesday before the open, MER will report a loss. If it's worst than expect, the markets could be headed down again.(more credit market worries)

Also, Pulte Homes will report a loss after the bell on Wednesday.

Are the bad news already priced in? If we move up big tomorrow, I will either move it all to the I fund or take what I can get and go to F.

Countrywide is at the end of the week. They will be very bad.