Thursday, July 31, 2008

Alert: (Plunger Alert) XLF

The fix is in the plungers are running the market, maybe right into the election. we are short the financials so buy 1/4 XLF, then wait and ...

Plunger Alert:

This market was getting crushed with financials leading the way. The the plungers just caught the fins and stalled the market. Just honor yo...

Wednesday, July 30, 2008

Alert: WFC

the criminally directed short squeeze is failing. the market is going up as the volume dwindles and the VIX is at 20. add 1/4 tp the WFC pos...

Merrill Lynch is Burning

Merrill Lynch shocked analysts and investors by reporting that it lost $4.6B and took mortgage-related write-downs of $9.8B in the second ...

Tuesday, July 29, 2008

HBOS gets Buried

As a harbinger of what has come to be HBOS was stung be the disdain of investors for it’s rights price issue go unwanted. The emergency cas...

Monday, July 28, 2008

Alert: DB HBC

Short 50 shares DB @ 89.94: Stop @ 92.93

Alert: SKF

Add to the SKF position, add another 1/4 Buy 25 shares SKF 135.62 ; Stop at 127.91

Sunday, July 27, 2008

Wachovia is Busted

After warning of a second quarter loss of $2.6 billion to $2.8 billion due to mortgage and pre-existing legal problems and being thrown to ...

Saturday, July 26, 2008

IndyMac Bancorp Inc.

In act eerily reminiscently of the great depression the FDIC seized IndyMac Bancorp today recording the third-largest bank failure in U.S...

Friday, July 25, 2008

Cloak and Cover Up at JP Morgan

The covert bailout of JP Morgan continues unabated along with those of Fannie Mae, Freddie Mac and the rest of the financial sector. Natura...

Thursday, July 24, 2008

Alert: DB HBC

Finicials turning ! Short 1/4 position DB and HBC each. Short 25 shares DB @ 92.56 Stop @ 96.25 Short 25 shares HBC @ 82.67 Stop @ 86.25

Alert: SKF WFC

We are long 1/4 position on SKF from 117.51. Put in a stop @ 116.12 for those 25 shares. Buy 25 shares SKF @ 124.56 Stop @ 119.89 Short 25 s...

Alert : DUG

Move stops up to 36.25

Alert: DUG

We have a full position in DUG, 1/2 @ 30.13 and 1/2 @ 34.72. This is from a link in the very next post below. Apart from easing the mortg...

Wednesday, July 23, 2008

Alert:SKF

Open a 1/4 position in SKF Ultra Short Finicals Buy 25 shares SKF @ 117.51

Plunger Alert

How does a $5 per share mortgage company with $ 5 billion worth of unsaleable homes raise $10 billion big on a rights issue? Moreover Who F...

Tuesday, July 22, 2008

Wells Fargo Just Smells like Crap

Wall Street put on the party hats today as Wells Fargo’s stock shot up 23 percent after the company reported second quarter 2008 earnings t...

Monday, July 21, 2008

Trade Alert: BKX

Take a look at the daily chart of the banking index BKX. You can see that this phony rally based on nationalization of 19 finical company s...

US Bancorp Gets Hit

In a most blatant example of the pot calling the kettle black, Deutsche Bank downgraded U.S. Bancorp today , issuing the death sentence of...

Friday, July 18, 2008

Citi’s Dark Profits

Off balance and running out of options, Citigroup sits alone, imploding in the shadows. It hunkers there in the dark, trying to hold on for ...

Thursday, July 17, 2008

Denial at WaMu and National City

A cold wind blows across eighty years of time, from the Great Depression to the credit crisis in this new century, where the new like the o...

Trade Alert: DUG

After DUG broke 30 it took up residence in the 30 to 34 zone forming an ill formed wedge, but any wedge is a good wedge after it breaks whic...

Wednesday, July 16, 2008

Alert: DUG

DUG is finally breaking out add 1/2 position Buy 50 shares DUG @ 34.42

Tuesday, July 15, 2008

JP Morgan to buy Wachovia in Bailout Scam

For Wachovia, it’s SURVIVAL. The bank’s appointment of Paulson’s right hand man, Robert K. Steel, demonstrates the bank’s acute awareness t...

Alert: DB

The VIX finally broke 30, it looks like a short covering rally is going on, but the VIX may have a lot higher to go before a true rally can...

Monday, July 14, 2008

Alert: MER HBC

As the previous post said we will do a Blind Eye Short look at the charts less and go on the fundamental reasoning that it's all going ...

Saturday, July 12, 2008

Blind Eye Short

If the Plunger Protection Team intended to hold this market up going into earnings this week, why then did they let the Dow and SPX break...

Friday, July 11, 2008

Citi Scales Down and Screws Up

The analyst who made her stardom on downgrades of Citigroup is polishing that star on the beleaguered banks crusty facde. Oppenheimer &...

Thursday, July 10, 2008

Trade Update: OIL

Yesterday OIL gaped down at the open below our stop point, by holding we have seen it rally back to 84.54 so we are 35 pennies in the green....

Wednesday, July 9, 2008

Trade Update: OIL

You may be wondering why OIL has dropped below our stop price, but we are not out of the trade. It's not a bad question, the answer can ...

Finger In The Dike

The ripples of the monoline downgrades have smashed like a tsunami on the shores of Merrill Lynch and Citigroup. The brute force of that imp...

Tuesday, July 8, 2008

Loan Pains Turned Site Into a Hit

The misery in the housing market is registering on the Implode-O-Meter. Skip to next paragraph Enlarge This Image Bayne Stan...

Monday, July 7, 2008

Plunger Alert

Look at Lehman Brothers (LEH) in the daily chart , you can see it trying to triple bottom at 20. Now triple bottoms are rare so I just weigh...

Alert: DIG OIL

put stops in: Sell 50 shares DIG @ 109.10: stop market Sell 25 shares OIL @ 83.45: stop market

Mozilo Broke It, Now Bank of America Owns It

The buyout of Countrywide Financial by Bank of America has officially occurred, bringing an end to the struggle between the two lenders and...

Friday, July 4, 2008

Wachovias About Face on Option ARMS

You never believe what they say on Wall Street, but what they do and what Wachovia did says that what they said was all wrong. Wachovia eli...

Thursday, July 3, 2008

The Man Behind The Curtain

The smoke is clearing, the mirrors are breaking and the lies are spilling over the castle walls; the system might be just about to collapse ...

Plunger Alert: XLF

The plungers just held this market up. They did it with tech and Brokers. Lets get in on the fourth of July rally. Buy 100 shares XLF Stop @...

Wednesday, July 2, 2008

Merrill’s Cut Deeper than Before

Merrill Lynch received a downgrade of sorts from rival Lehman Brothers. Lehman Brothers, who knows a thing or two about how to take and hide...

Alert: LEH

They are going to run this market into the fourth. Cover LEH. Buy 50 LEH @ 21.85

Tuesday, July 1, 2008

Bears in the Hedges

Bears don’t prowl anymore, with so many badly wounded beasts about, they lurk in the hedges from where they pounce. Lehman Brothers was maul...