350Z's I fund thread OCT 07

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Google quarterly profit swells 46 percent. GOOG behaving like a yo-yo after hours. Looking for a nice gain with the USMs for Friday. US DOLLAR should also bounce back Friday. I have seen this before right after earnings. I have seen this reaction before. When a stock announces earnings and falls. Many start to short, the the big boys(hedge funds and Instustions step in and crush them. Look at GOOG was trading in the 620s now it pop 20 bucks. Now 644. Watch and see how high they will take it. This will be fun. Keep an eye on 650s.
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Looked like the volume on the USMs increased exponentially towards the close (GOOG lookin' good)... probably setting themselves up for tomorrow, huh?

Nothing terribly significant on the calendar for tomorrow unless you guys see a storm a brewin' ...

I survived my own storm today (dodged the tornado that passed over the downtown Pensacola area)...
 
12%ayear said:
Google quarterly profit swells 46 percent. GOOG behaving like a yo-yo after hours. Looking for a nice gain with the USMs for Friday. US DOLLAR should also bounce back Friday. I have seen this before right after earnings. I have seen this reaction before. When a stock announces earnings and falls. Many start to short, the the big boys(hedge funds and Instustions step in and crush them. Look at GOOG was trading in the 620s now it pop 20 bucks. Now 644. Watch and see how high they will take it. This will be fun. Keep an eye on 650s.
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Huge volume AH... the swings are big too... a BIDU like run would be nice tomorrow.
 
Birchtree said:
fedgolfer,

Do you have a member's account talk thread that would be open to communication? Thanx.
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I started one a ways back, haven't posted in there. Mainly because I like learning off others, asking questions, and a little on what I think or feel -- plus I haven't posted moves in eons since I missed posting and it didn't make sense for EW or anyone to spend time tracking an incomplete account thread. Sorry, do you feel I'm contaminating too many threads and should keep extraneous talk to just my account talk thread?
 
fedgolpher,

No, you are doing fine. I tried to ask the same question in Griffin's thread and he politely deleted it. You were discussing the big yellow CAT and apparently my take would not be welcome. Just curious about your talk thread.
 
350zCommTech said:
Looks like mister Yen carry trade is not happy.:worried:

Nikkei 225 down 287 points already.
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Interesting about these "carry trade blips". Seems like there are sharp declines followed by a rapid rise. Anybody know if someone or something (like a central bank) is handing out bailouts when this problem rears its ugly head?

How much does it have to do with interest rates at the Bank of Japan? I read a headline on the nikkei.net site (somewhere) that said something to the effect that long term rates were going to stay the same. Is that important?

Seems like recovery after these blips is pretty rapid except for the first (obvious) one on February 26th (or so) of this year.

Just some observations and questions. No answers but still looking for a good source of market news about this issue.
 
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ayla said:
Interesting about these "carry trade blips". Seems like there are sharp declines followed by a rapid rise. Anybody know if someone or something (like a central bank) is handing out bailouts when this problem rears its ugly head?
Click to expand...

1998: Bailout of LTCM. We have not seen anything like that yet. What I've been referring to lately have been just "blips". The one in February and August were big, but still nothing like 1998. The scary thing is that some experts are saying that the problem in the credit markets right now are much bigger than 1998.

How much does it have to do with interest rates at the Bank of Japan? I read a headline on the nikkei.net site (somewhere) that said something to the effect that long term rates were going to stay the same. Is that important?
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It has everything to do with the low interest rates in Japan. And yes, the BOJ will hold steady for a while. They would like to raise but there is too much political pressure. But it's not just BOJ holding steady, if the US goes into a recession and the dollar goes into free fall, the Yen will rise causing more unwinding.
 
This is at the top of the news on Bloomberg dated 10/19 so I assume it is referring to what is going on now with the Nikkei drop. From what it says, it sounds like it is under control now as their trading day ends i.e. "declines were capped".

from: http://www.bloomberg.com/apps/news?pid=20601087&sid=aWU.aD_W4Op4&refer=home
"In Japan, the Nikkei 225 Stock Average lost 1.9 percent to 16,787.84, set for its biggest drop since Sept. 18. Declines were capped after Acom Co., the country's second-largest consumer lender by market value, said it returned to profit."
 
ayla said:
This is at the top of the news on Bloomberg dated 10/19 so I assume it is referring to what is going on now with the Nikkei drop. From what it says, it sounds like it is under control now as their trading day ends i.e. "declines were capped".
Click to expand...

Yeah, that was a very impressive 100 point rally in the last 1/2 hour of trading. It looks like dip buy feeling lucky ahead of the weekend. This might be good for Monday, except that the Yen is now even higher than it was after the Nikkei closed. Tomorrow could be nasty for the USM.
 
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AHHHHH! Whats a person to do. this stuff is giving me a headache. I think I might leave my money in G fund for awhile or if someelse has something different. Let me know
 
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