I expect the bid rigging to begin right here. The plungers will not let this get too far out of hand. Recall the Cramer's Golden Rule Post and notice gold is selling off. The rumor was bought now they are selling the news.
3 comments:
kp
said...
I am new to your site, please explain the comment today a little further for us new comers..thank you!
kp Sure, I just put up definition 2 on the right hans side of the page. That's a good intro. The follow up to that is a post I put up Nov. 30 titled Mission Impossible. If you want any more just ask.
1.By a full position we mean 100 shares of a stock: So,, a 1/4 position is 25 shares if you have 100 shares of a stock or it's 100 shares if you hold 400 shares of the stock.
2.The Plunger Protection Team (PPT): This refers to the cabal consisting of among others secretary of the Treasury, the chairman of the Federal Reserve, the chairman of the SEC and the chairman of the Commodity Futures Trading Commission. Officially known as The Working Group on Financial Markets, it was created by Ronald Reagan to prevent a repeat of the Wall Street meltdown of October 1987. But on Wall Street no good thing goes uncorrupted.
3.Ponzi Unit or Ponzi Finance Unit: A business unit whose interest charges of a business unit exceed cash flows from operations of that unit.
4.Ponzi Finance: A method of finance (borrowing) where repayment of debt is achieved by the issuance of new debt. e.g. payment of a monthly credit card bill with another cerdit card.
3 comments:
I am new to your site, please explain the comment today a little further for us new comers..thank you!
kp
Sure, I just put up definition 2 on the right hans side of the page. That's a good intro. The follow up to that is a post I put up Nov. 30 titled Mission Impossible. If you want any more just ask.
kp
One more thing. You can read the Nov.18 post Golden Godfather with link
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