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Show-me Account Talk
- Thread starter Show-me
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Show-me
Well-known member
Day by day based on the charts.
Braveheart
Member
Ohh if I only went with my instincts. I should have known better. Up is down and down is up. I smell a rat and then I go for the bait what the hell is wrong with me.
Braveheart
Member
I hope you are right !!! I hate when some source "no name" costs me money. If LEH is done then just open the books and tell us. I never thought that deal was ever legit so we had a Bear bailout what is the difference with LEH.
I post all over here to beware Sunday then I go all in thinking this is what the big boys were looking for. The volume was higher and that was LEH and the selloff or everyone heading for the exits.
This market looks for any excuse to drop and spike on some bad news I am at a loss here.
Holding my ground now.:nuts:
Minnow
Well-known member
tomorrow is crude inventories (they're been on that surplus/drop/surplus cycle)... OPEC holding steady, IKE probably (hopefully) not gonna impact the Gulf too bad... if oil drops below $100 then who knows???
Good luck to you (easy for me to say -- I'm out!!!)
Braveheart
Member
I see inventories DROP huge and that combined with LEH are lethal. This is one time since they lie anyway to really lie and say we have a huge surplus and send a rumor out the LEH is fine the market spike up 500 and I move out of stocks completely LMAO !!!!!!:nuts:
Show-me
Well-known member
I go for a walk and the market dives hard. I'm really not liking this pattern. This is not a good omen or it could be a attempt to shake out the weak hands. I expected a retest of the lows but thought the Friday down draft and closing rally was it.
Back to the drawing board.
Back to the drawing board.
Birchtree
Well-known member
These commodity plays are down because hedge funds are taking profits - they did the same thing early on back in '06 when they all thought China was slowing. Now would be a propitious time to consider doubling down on your SU or nibble as it drops. I'll probably be picking up some LEH tomorrow - this is all irrational panic again in the financials - just like back in July. When you feel the worst is always the best time to commit hari kari. The time to play the game is when everyone else is sitting safely in the G house - for some strange reason this correction is getting me excited - and I usually try to stay away from emotion, but I smell value and the sweet scent of superlative bull manure. The strange thing really is that the TICKs of money flow are at all time highs - some fools are buying with a vengence - so I can't call this a bear market on a longer term basis. Just the other day I saw where corporate insiders are still buying their company stocks without any let up.
love-to-bike
Member
Scottrade won't let you trade LEH right now online - they are giving the message to contact your local branch first.
Birchtree
Well-known member
My Merrill broker (she's a doll baby) called yesterday wanting to know what I was going to do with my FNM and FRE positions - I told her nothing for the moment, that eventually I'd realize the mistake and use the tax write offs if it came to that. That's the advantage of playing in an open arena - mistakes can end up being helpful to offset gains from previous successes to help lower taxes a little. I think that three years from now my toxic waste portfolio will rise up like cream on a cold day.
Braveheart
Member
Lehman the fourth-largest U.S. securities firm, said in a statement that it will report the results at 7:30 a.m. in New York. The company said it will host a conference call at 8 a.m. to discuss the firm's performance, ``outlook and strategy.'' Lehman previously said it would release the figures on Sept. 18.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aEFIqyHW4SP8&refer=home
SO WHY DID THEY WAIT UNTIL TOMORROW WHEN THEY SAW THE MARKET CRASH BECAUSE OF LEH....... P R E S S U R E !!
If earnings were even close to expectations they would have said that today but they did not so I will predict their loss will be 2X what was thought.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aEFIqyHW4SP8&refer=home
SO WHY DID THEY WAIT UNTIL TOMORROW WHEN THEY SAW THE MARKET CRASH BECAUSE OF LEH....... P R E S S U R E !!
If earnings were even close to expectations they would have said that today but they did not so I will predict their loss will be 2X what was thought.
Last edited:
Gumby
Active member
SO WHY DID THEY WAIT UNTIL TOMORROW WHEN THEY SAW THE MARKET CRASH BECAUSE OF LEH....... P R E S S U R E !!
If earnings were even close to expectations they would have said that today but they did not so I will predict their loss will be 2X what was thought.
You were close!!!
love-to-bike
Member
FWIW, I picked up some LEH this morning at $8.00 - my stomach is a bit upset by the roller coaster ride all day. Low of $7.40, high of about $8.45 (after I bought), but constant up & down. I'll hold on for awhile, hopefully I'll be able to keep my lunch down.:embarrest:
JTH
Well-known member
Sold @ $11.10 and destroyed my 60 % YTD. I'm stupid.
Silver is a strange thing as of latley. Perhaps you did yourself a favor and there is more SLV downside to follow. You'll feel better about it once it hits the 10s...
Bullitt
Well-known member
Show Me, I'll admit, I had my fingers crossed for you when you went back into the precious metals arena because the crooks are still selling the heck out of commodities.
One of my guys has gone on a maniacal gold buying binge the past two weeks because he feels it's an unbelievably tremendous bargain at these levels. Personally, I think he's just gone mad.
One of my guys has gone on a maniacal gold buying binge the past two weeks because he feels it's an unbelievably tremendous bargain at these levels. Personally, I think he's just gone mad.
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