Monday, June 30, 2008
Third World USA
Just as we issue our Plunger Alert there come this little jewel from theage.com which confers third world status on the US. The IMF it see...
Plunger Alert
The plungers are clearly holding this thing up. Going to use the 8 day EMA for a stop on LEH for today only, see the Alert.
Sunday, June 29, 2008
Golden Moment
Last weekend I mentioned that, I see more Armageddon in this than other blogs I look at . But now it looks as though some of the other blogs...
Saturday, June 28, 2008
Financial Firms are Cracking
The credit crunch is like spidering cracks in a windshield, its fissures letting out a snapping sound as they deepen, threatening to bring t...
Friday, June 27, 2008
Alert: DUG LEH
The banking index BKX is under 60. i.e. it has broken support. Put a stop on LEH at 23.75. We bought 50 shares DUG at 27.32, sell them now. ...
Bailout or Buyout?
Word on the Street is that JP Morgan is on the prowl again this time with its its sights is set on Wachovia. An analysis of how does this ...
Thursday, June 26, 2008
CIBC’s Billion Dollar Big Hit
The fallout from last week’s mono-line downgrades just hit CIBC right between the eyes. The bank is now poised to take a $1B loss on its t...
Wednesday, June 25, 2008
Alert:SLV
Doves came out at the FED today so inflation will go hog wild, buy 1/4 position SLV. Buy 25 shares SLV @ 165.30
Trade Alert: C MER LEH
If I see the game right they will try to run the hated financials after the FED announcement. When a stock is out of favor it usually will t...
Tuesday, June 24, 2008
Trade Update: MER C LEH
Wow that was fast! we got stopped out of of the new 1/2 short on MER, we were in at 33.53 and out at 34.70. We are still short 50 shares fro...
Citi Spinners
Citigroup is jumping in front of their second-quarter 2008 earnings report with the slick ‘n silky smoothness of Bill Clinton getting caught...
Alert: MER
Fill out the short 1/2 position we opened yesterday on Merrill Lynch Sell short 50 shares MER @ 33.53. Stop @ 34.70
Monday, June 23, 2008
Morgan Stanley Pulling Rabbits
Morgan Stanley came in with results that in some places should make Lehman Brothers feel better about themselves: The second-largest US i...
Alert: MER
Open a short position of size 1/2 in Merrill Lynch. Stop will be the 8 day EMA. Sell short 50 shares MER @ 34.36
Alert: C
Open a short position of size 1/2 in Citigroup. Stop at 19.75 Sell short 50 shares Citigroup (C) stopp @ 19.75
Sunday, June 22, 2008
Fifth Third Down For $2B
Assuming that he had nothing to do with creating the credit crunch problems at Fifth Third Bancorp , new CEO Kevin Kabat is certainly dealin...
Saturday, June 21, 2008
HBOS’s My Turn
Since this is the season for raising cash and repairing balance sheets, HBOS has a lot to fix : HBOS is expected to have to address risin...
Friday, June 20, 2008
UBS Unravels
UBS had barely finished announcing that it was seeking $15.5B in cash to cushion current write-downs when they said they will probably lose ...
Short Financials Don't Lose Your Shirt
Please take a look at the one year chart of Citigroup in the daily time frame and tell me you see support under 19. I see squat, nota. In t...
Thursday, June 19, 2008
Barclays Keeps Its Cake and Eats It Too
It seems too easy. Lose billions on the value of corroded assets, but instead of suffering the anguish , you issue rights. That is the tract...
Wednesday, June 18, 2008
Royal Bank Scotland Fixes Rights
Royal Bank of Scotland (RBS) claimed victory on Monday, June 7, in its historic rights issue. By Wednesday the bank said it had placed 95% o...
Goldmans Second Verse, Same As The First
For Goldman Sachs reporting fiscal second quarter 2008 results it was the same old refrain they beat expectations, their own . Goldman Sac...
Lying Lehman and the Lies They Tell
There is no longer a shred of doubt that Lehman Brothers is headed down toward single digits, possibly all the way to the the pink sheets. T...
Tuesday, June 17, 2008
Alert: LEH
I think the the last three days of LEH fake rally will ge taken out and right now I will put my money where my mouth is, by shorting a 1/2 p...
Trade Alert: LEH
Now that Lehman Brothers and Goldman Gangester Sachs have reported earnings we will be looking at Lehman Brothers to short for the final rid...
Execution at Lehman
It’s wearing Lehman down. The steady friction generated by rubbing lies against the truth and constantly being called on to explain the diff...
Monday, June 16, 2008
Trade Alert: LEH JPM
There are all the reasons in the world to short Lehman Brothers. The stock is forming a lowre high as it crashes into its 8 day EMA on anem...
Trade Alert: LEH JPM XLF
It looks like the financials are going to rock. Everyone hates them the news about Lehman Brothers has brought everything down, but they had...
Goldman Sachs is Touchable
The once feared Golden Godfather has been contemptuously slapped again by investors in trying to unload credit crunch damaged leveraged lo...
Sunday, June 15, 2008
Lehman Brothers is Another JP Morgan
Bear Stearns was gutted from within. The take down from the board room could not have been more bloody if done with a straight razor in an a...
Friday, June 13, 2008
Alert: LEH
We just got stopped out of LEH at 25.51 which reports Monday. The professionals will cover their shorts Monday morning. The volume on LEH is...
Thursday, June 12, 2008
The Problem With Multiple Inverse ETFs
With the popularity of inverse ETFs on the rise it's a good idea to consider some of the hazards. Ideally we would just be able to go l...
Mauled Again
With the overnight shredding to the bone of Bear Stearns still fresh in investors’ minds, Lehman Brothers is finding it more difficult to sh...
Wednesday, June 11, 2008
Alert: SLV IAU GLD
I don't know how, but I overlooked gold and my two wining trades on the gold ETFs IAU and GLD are now under water. Initially I wanted to...
Trade Alert: LNN
If LNN cannot break above 120 soon , then it will have identified a downtrend for itself. The stock hit a high of 130 in May, the failed at ...
Tuesday, June 10, 2008
Trade Update: DUG
To get a big picture of our DUG trade look at the daily chart of oil ETF, USO . It gaped and made its all time of 113 on Friday June 06. Now...
It's Personal
The credit crisis continues to take down new victims, and the high rolling heads include two more CEOs. As with Citigroup’s “Chuck” Prince a...
Monday, June 9, 2008
Running on Empty
Fitch Ratings actually said an unkind word about a company before it goes on life support, two companies actually. ``Barclays and BNP and ...
Sunday, June 8, 2008
Psychotic
As the market intensifies its punishment, Lehman Brothers’ cash continues to dwindle and the bank’s desperation grows. This asphyxiation is ...
Saturday, June 7, 2008
More More More
The Royal Bank of Scotland is gaging on its consumption of ABN Amro and the subprime binge of the housing bubble. The bubble has long since...
Friday, June 6, 2008
Alert: OIL UGA
sold 25 shares of OIL @ 83.01 sold 25 shares of UGA @ 65.72 3:50 pm DIG is down 2.00, sell OIL and UGA
Trade Alert: DUG
DUG may be trying to doubble bottom here. We want to see if it can hold this 26 area. If it can we will wait until it breaks its 8 day EMA f...
Thursday, June 5, 2008
Alert: DUG OIL UGA
Instead of geting killed by selling DUG only to watch it go up again tomorrow, buy 1/2 position of OIL and buy a 1/2 position of UGA. Buy 50...
Trade Update: DUG
If there's anything to a name, then the UltraShort Oil & Gas ProShares trades inversely to oil and natural gas. Take a look at OIL i...
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