350zCommtech's Account Talk

[mojo]

Gasperino came on with a big red flashing BREAKING NEWS sign saying banks are still willing to back the deal. LOL

LOL!!! Exactly. A true journalist would be coming out and asking about the failed negotiations on the $3B injection from the banks.

 

[350zCommTech]

Gasperino came on with a big red flashing BREAKING NEWS sign saying banks are still willing to back the deal. LOL

Oh really, why didn't they back the deal yesterday? Or the day before? Or anytime in the last month?

LOL!!!! What a @#$%#er!

 

[350zCommTech]

SELL SIGNALS ON EVERYTHING!!!!

Except for NDX. We'll get that soon.

DIVE! DIVE! DIVE!

 

[Intrepid_Timer]

I just can't see a Friday where anyone is going to have their money exposed for 3 days over the weekend for more bad news in spite of a good report. JMO

We get a holiday no one told me about?

 

[350zCommTech]

Best part about today is there will not be a market saving, CNBC's Charlie Gasperino, ABK BS, this afternoon.

I'm thinking about going 100% F fund for Friday's jobs number. I think it's going to suck.

We just broke 1320 on the S&P again. I want to see 1300.

Where was Jackass Charlie?

S&P closed at 1304. If we get a bad jobs number tomorrow, we might see 1270.

View attachment 3455

 

[Show-me]

The whole thing is coming unglued. Did you see TMA today? MARGIN CALL!!! And, they must sell the collateral not do overs.

 

[350zCommTech]

The whole thing is coming unglued. Did you see TMA today? MARGIN CALL!!! And, they must sell the collateral not do overs.

Yup, getting close to BK!

 

[Braveheart]

We get a holiday no one told me about?

Yup I heard it on CNBC markets are closed on monday.... No what I mean is there will be a sell off before close so you have Friday, Sat & Sunday.

Who knows CNBC might buy Ambac tomorrow and all will be right again it appears they own it anyway. Not being wise but I never seen a market where you have reports to follow and then you have to worry will CNBC kill this rally today or make up some rumor on a fake bailout.

Imagine a cable network cost people millions around the world. One has to wonder would we have a more stable market with them off the air. I say YES and the SEC better get involved with them. :suspicious:

 

[350zCommTech]

Expectations are between 25-30K. That is a little high IMO. I'm expecting 5K.

100% F fund for tomorrow. It's a gamble.

Good luck.

Jobs = -63K
Jan revised down by 46K
Unemployment fell to 4.8%....wtf?

 

[Show-me]

Jobs = -63K
Jan revised down by 46K
Unemployment fell to 4.8%....wtf?

Gov. numbers. Go figure.

 

[350zCommTech]

Jobs = -63K
Jan revised down by 46K
Unemployment fell to 4.8%....wtf?

The Feds knew about the Jobs numbers and decided to use the TAF.

So, no Fed cut today.

 

[350zCommTech]

Gov. numbers. Go figure.

Congrats again Showme.

Just my opinion here:

Don't be so quick about taking profits on your SDS. That number was a disaster. It looks like the Feds want to save their bullets for the meeting. I bet no rate cut on Monday.

 

[Braveheart]

Jobs = -63K
Jan revised down by 46K
Unemployment fell to 4.8%....wtf?

Well the F Fund was a good gamble and at $12.00 it should have a very good day. There is no way to spin this by anyone people will head to safety of Bonds and will stay out of the market for 2 weeks.

I see a 1 point cut now after this. But they may do 50 Monday/Tuesday morning to stop a free fall and 50 at their meeting.

 

[350zCommTech]

If that is the case, then based on the last 3 or 4 rate cuts the Fed did..we should see a pretty good green day Monday

Yup, could be anther green day for the F fund on Monday.

On the other hand, there is nothing wrong with taking profits. If the S&P gets down to 1280-70 area, an oversold bounce would be expected. While a dead cat bounce might only last for half a day, it could be enough to reverse some of today's gain in the F fund.

 

[Braveheart]

Good call 350z. I was thinking 20K -30K max but 63K is so bad. Unemployment fell to 4.8% this market has major problems and there is no quick fix.

They (CNBC) will hype the $600 & $300 checks and rate cuts but by the time we get any $600 check that will be what it will cost for a trip to the store and a tank of gas.

 

[350zCommTech]

Good call 350z. I was thinking 20K -30K max but 63K is so bad. Unemployment fell to 4.8% this market has major problems and there is no quick fix.

They (CNBC) will hype the $600 & $300 checks and rate cuts but by the time we get any $600 check that will be what it will cost for a trip to the store and a tank of gas.

Thank you. Are you in F also?

 

[350zCommTech]

Fed increase the TAF. No fed cut today.

Fed to lend more cash to ease credit crunch

Central bank raises the amount it will auction to banks this month to $100 billion in effort to increase liquidity.

Last Updated: March 7, 2008: 8:56 AM EST

WASHINGTON (AP) -- The Federal Reserve is taking new steps to ease the credit crisis, including increasing the amount of money it will auction to banks this month to $100 billion.The Federal Reserve said Friday it will make two moves to increase liquidity in the credit markets. First, it will increase the size of its March 10 and 24 auctions to banks to $50 billion each. The auctions had been set for $30 billion apiece. Fed officials say they are prepared to move to even larger amounts at future auctions if necessary.
The Fed also says that, starting Friday, it will begin a series of repurchase transactions expected to reach $100 billion.http://money.cnn.com/2008/03/07/news/economy/Federal_liquidity.ap/index.htm

 

[Show-me]

Congrats again Showme.

Just my opinion here:

Don't be so quick about taking profits on your SDS. That number was a disaster. It looks like the Feds want to save their bullets for the meeting. I bet no rate cut on Monday.

Thanks, not selling yet. I luv your move to the F! Well done! I see the Fed is increasing the amount of the short term auctions. Nothing but a band-aid.

Good trading!

 

[airlift]

350,
I am 50F/50C since yesterday. Are you staying in the F fund, or are you getting ahead of the FED by speculating on another rate cut on Tuesday? Tia.

 

[Braveheart]

Thank you. Are you in F also?

100% F and that was based on your information 350Z yesterday and what you thought might be a good gamble. So yes Thank You - Braveheart