StockMarket-Implosion: October 2008

Friday, October 31, 2008

Happy Halloween to ML-Implode-O-Meter as they near Implosion 300!

The subprime crisis is catching up fast to Mizuho Financial Group as Japan's second largest bank does a 180, going from doing a share b...

Fiat Money

Here's an interesting read on fiat money by gold analyst Richard Russell. My feeling is that fiat money like Lincolns green back is a de...

Information InSecurity

As Finance Roils, Don’t Neglect Information Security By Kevin M Nixon, MSA, CISSP, CISM, and Laura Wilson, JD, CISA candidate While the worl...

We are long 25 shares PAAS from $12.03 and will now add another 1/4 position. If the worm has indeed turned, then PAAS should not fall back ...

Societe Generale isn’t scheduled to release it’s fiscal third quarter 2008 earnings until November 6, but the bank has been forced to mount...

MarketWatch

On Friday, October 24 we went long the key DOG at $86.50 and short the DIA at $84.25. We were stopped out at $81.80 and $89.94 respectively...

National City Implodes

National City Corp. lingered in purgatory after reporting its fiscal third quarter 2008 earnings, and then went to bankruptcy hell dancing ...

Loan Shark

There couldn't be a clearer example of the liquidity solution applied to the insolvency problem than this right here. The strong arm of ...

Peter Schiff on Depression and Martial Law

I don't see any onion news on this one, I think you can trust that it's real. Glen Beck has found religon and actually seems to be o...

The government program to aid homeowners facing foreclosure “ Hope for Homeowners ” began October 1, with $300 billion of taxpayer mulla ea...

Hold Gold and Silver

Well here is a scam even bigger than the onion news one directly below, it's the Commex gold market where what doesn't glitter isn...

Martial Law Plans Revealed?

It's becoming increasingly obvious that plans for declaring and implementing martial law are nearing finality. Listen as Representative ...

Parasites Munch on Pension Funds

Just another one of the ways in which Wall Street screws Main Street. Proof positive that well connected parasites who always out do is the...

Alert: SKF

SELL SKF ENTIRE POSITION AT 157.92

For National City Corp. the road to hell was paved with subprime intentions. In business since 1845 and highly profitable at the height of...

Stockmarket Implode Week of 10/26

Now I am glad that we shorted the diamonds DIA and went long the DOG . What's going on here is very simple. In his efforts to bailout...

The Wall Street Payback By Ian Cooper

The mainstream media will now pick up on what the bloggers have been saying all along. This is the role they play, to shut the barn door aft...

National City’s Purgatory

National City lingers now in purgatory- open for business as usual, but drifting toward insolvency. As the credit crisis works its way down ...

Credit Cards, Commercial Paper, and Weird Old Uncles

If 18 months ago you would have said that the commercial paper market would be frozen up the Wall Street bigwigs would have laughed at you, ...

Definitions

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.

Closed Positions by Open Date

11-03-2011:
Buy full GS at $106.54
Stop @ at $104.75

09-27-2011:
Buy full HL@$6.06
Stop at $5.50

08-29-2011:
Buy 1/2 GS at $115.06
Stop @ at $112.34

08-24-2011:
Buy 50 shares of GS at $109.62
Stop @ at $112.34

08-24-2011:
Buy 100 JPM @ $36.16
Stop @ $34.66

08-23-2011:
Short full IAU @ $18.33
Stop at $16.95

08-19-2011:
Buy 1/4 GLD $184.08
Stop 179.08

04-20-2009:
Buy SKF 100 @ $68.90
Stop @ $79.98

08-11-2011:
Sell full GLD @ $169.67
Covered at $177.62

08-11-2011:
Buy 1/2 GS at $119.49
Sell 1/2 GS at $117.49

07-25-2011:
Buy 1/2 GLD $157.04
Stop at $170.51

07-13-2011:
Buy 1/2 GLD @ $154.57
Stop at $170.51

08-08-2011:
Sell 1/4 SPX @ 1151.73
Buy 1/4 SPX @ 1121.46

08-08-2011:
Sell 1/4 SPX @ 1160.46
Buy 1/4 SPX @ 1121.46

08-05-2011:
Buy 1/2 SPX @ 1208.42
Stop at 1206.42

08-08-2011:
Sell 1/4 GS at $118.99
Buy 1/4 GS at $122.45

08-08-2011:
Sell 1/4 GS at $120.90
Buy at $122.45

05-23-2011:
Sell full JPM at $42.75
Buy full at $37.98

08-05-2011:
Buy 1/2 GS @ $128.35
Stop at $126.35

08-04-2011:
Sell 1/4 IBM @ $175.25
Buy stop at $169.79

08-03-2011:
Sell 1/4 IBM @ $177.73
Buy stop at $169.79

08-04-2011:
Buy 1/2 SLV at $40.72
Stop $37.59

07-13-2011:
Buy 1/2 SLV at $36.98.
Stop at $37.59

07-21-2011:
Buy full BAC at $10.22
Stop at $9.40

07-13-2011:
Buy 1/2 GDX @ $59.42.
Stop at $57.34.

07-08-2011:
Short 1/2 WFC @ $28.17
Buy 1/2 WFC @ $29.21

07-18-2011:
Short 1/4 IBM at $174.22
Buy 1/4 IBM @ $182.75

05-09-2011:
Buy full HL @ $8.54
Stop @ $7.25

04-24-2011:

Buy 1/2 GLD @ $148.63.
Stop at $146.69

04-24-2011:
Buy full SLV at $35.39
Sell stop at $33.39

05-15-2011:
Short 1/2 GS $134.69
Stop at $136.69

05-31-2011:
Buy full GS @ $140.63
Stop1-Sell 1/2 GS @ $139.25
Stop2-Sell 1/2 GS @ $137.25

4-08-2011:
Short JPM @ $47.20
Buy Stop @ $43.89

5-04-2011:
Short 1/2 SLV @ $38.50
Stop @$37.50

5-04-2011:
Short 1/2 SLV @ $39.67.
Stop @$37.50

5-04-2011:
Sell short full USO @ $43.42
Stop @ $40.42

2-15-2011:

Buy Full SVM @ $12.22
Stop @ $11.20

2-22-2011:
Buy 1/2 GLD @ $136.59
Stop @ $145.45

2-18-2011:
Buy 1/2 GLD @ $135.51

Stop @ $145.45

3-22-2011:

Buy 1/2 ETR @ $65.90

Stop @ $64.45

4-14-2011:

Buy 1/4 AG @ $23.94
Stop @ $17.50

4-19-2011:

Buy 1/2 GDX @ $61.07

Stop @ $58.09

1-5-2011:

Buy OIL Full $25.35.

Stop at $29.39

2-7-2011:
Buy 1/2 SLV @ $28.64
Sell @ $45.09

1-5-2011:
Buy SLV 1/2 $27.10
Sell at $45.09

01-05-2011:
Buy AA Full $16.47
Stop @ $16.04

12-01-2010:
GLD Full $135.50
Stop 1/2 @ $132.50
Stop 1/2 @ $130.50

1-3-2011:
Buy GS 1/4 @ $172.67
Stop @ $168.50

11-1-2010:
Buy GS 1/4 @ $162.25
Stop @ $168.50

1-14-2011:
Buy 3/4 SLV @ $27.04
Stopped @ $27.50

1-14-2011:
Buy 1/4 SLV @ $26.32
Stopped @ $27.50

11-18-2009:
Buy SLV 3/4 @ $18.40
Stop @ $24.44

SLV 1/4 16.53
Stop @ $24.44

Buy IAU(GLD) Full @ 91.47
Stop @ $131.25

11-16-2009:
Buy SVM 1/2 @ $6.47
Sell SVM 1/2 @ $11.36

11-05-2009:
Buy SVM 1/2 @ $5.69
Sell 1/2 @ $11.36

10-15-08
Buy 3/4 HL @ 2.07
Sell 1/4 @ $8.42

10-15-08
Buy 1/4 HL @ 9.13
Sell 1/4 @ $8.42

11-11-2010:
Buy GDX 1/4 @ $61.50
Sell @ $60.70

12-10-08:
Buy GDX 1/4 @ 29.91
Sell @ $60.70

11-23-2009:
Buy GS 1/4 @ $172.79
Stoped @ 168.33

7-15-2009:
Short 1/4 GS @ 155.26
Stop out @ $165.66

7-9-2009:
Short 1/4 GOLD @ 66.10
Cover 1/4 GOLD@ 60.65

7-7-2009:
Short 1/4 GDX @ 38.09
Cover 1/4 @ 36.99

6-24-2009:
Short 1/4 GOLD @ 63.21
Stop out @ 65.53

06-22-2009:
Buy 100 GLD-Full @ 88.93
Sell 100 GLD @ 90.44

06-08-2009:
Buy to open 1 contract HLFZ 1/4 @ $0.55
Expired worthless

04-90-2009:
Buy 100 SKF @ 85.65
Sell 100 SKF @ 69.50

12-08-08:
Buy IYF full Limit= @ 48.11
Stop @ ***
Not Hit

11-24-08:
Buy SKF 1/4 @ 200.89
Stop @ 180.49

11-24-08:
Buy SKF 1/4 @ 233.71
Stop @ 195.95

11-20-08:
Buy 1/4 DIG @ 31.71
Stop @ 27.51

11-12-08:
buy 1/4 PAAS @ $11.80
stop 1/4 @ $9.89

11-12-08:
buy 1/4 PAAS @ $12.03
stop 1/4 @ $9.89

10-28-08:
buy 1/2 DIA @ $84.25
stop 1/2 @ $89.94

10-28-08:
DOG 1/2 @ $86.50
Stop 1/2 @ $81.80

10-27-08:
buy 1/2 SKF @ 164.79
sell 1/2 SKF @ 157.92

10-27-08:
buy 1/4 SKF @ 127.31
sell 1/4 SKF @ 157.92

10-27-08:
buy 1/4 SKF @ 123.05
sell 1/4 SKF @ 157.92

10-23-08:
buy 1/4 UNG 30.25;
Stop 1/4 UNG @ $29.25.

Sept 23, 2008
buy 1/4 GS @ 110.36
sold 1/4 GS @ 118.80

Sept 17,2008
buy 1/4 GS @ 102.20
stop 1/4 GS @ 99.55

Sept 16,2008
Buy 1/4 GS @ 112.30
Stop 1/4 GS @ 103.20

Sept 16,2008
Buy 1/4 SKF @ 112.50
Stop 1/4 SKF @ 128.05

Aug 28, 2008
Short 1/4 HBC @ 82.67
Cover 1/4 HBC @ 78.10

Aug 28, 2008
Short 1/4 WFC @ 29.59
Cover 1/4 WFC @ 29.59

Short 1/4 WFC @ 30.29
Cover 1/4 WFC @ 29.59

Aug 5, 2008
Buy 1/4 SKF @ 135.62
Stop 1/4 SKF @ 127.91

Aug 5, 2008
Buy 1/4 SKF @ 117.51
Stop 1/4 SKF @ 127.91

Aug 5, 2008
Short 1/4 DB @ 92.56
Cover 1/4 DB @ 96.25

July 29, 2008
Short 1/2 DB @ 89.94
Cover 1/2 DB @ 92.93

July 29, 2008
SKF 1/4 @ 135.62
Stop @ 127.91

July 27, 2008
Buy 1/2 DUG @ 34.72
Sell 1/2 DUG @ 34.75

July 27, 2008
Buy 1/2 DUG @ 30.13
Sell 1/2 DUG @ 34.75

July 16, 2008
Buy 1/4 OIL @ 84.19
Sell 1/4 OIL @ 83.45

July 16, 2008
Short 1/4 HBC @ 73.03
Cover 1/4 HBC@ 76.56

July 16, 2008
Short 1/4 MER @ 25.77
Cover 1/4MER @ 28.00

July 15, 2008
Short 1/2 DB @ 79.59
Cover 1/2 @ 81.55

July 07, 2008
Buy 1/2 DIG @ 116.69
Sell 1/2 DIG @ 109.10

July 07, 2008
Buy Full XLF @ 20.52
Sell Full @ 19.22

July 02, 2008
Short 1/2 LEH @ 26.73
Cover 1/2 LEH @ 21.85

June 27, 2008
Buy 1/2 DUG @ 27.32
Sell 1/2 DUG @ 27.32

June 27, 2008
Buy full C @ 19.6
Sell Full @ 17.76

June 25, 2008
Short full SLV @ 167.00
Buy full SLV @ 164.23

June 25, 2008
Short C @ 19.79
Buy 1/2 C @ 19.48

June 25, 2008
Short 1/2 MER @ 34.36
Buy 1/2MER @ 36.36

June 24, 2008
Sell 1/2 MER @ 33.53
Buy 1/2MER @ 34.70

June 13, 2008
Sell 1/2 LEH @ 24.46
Buy 1/2 LEH @ 25.50

June 11, 2008
Buy 1/2 OIL @ 76.73
Sell 1/4 OIL @ 80.57

Buy 1/2 UGA @ 61.97
Sell 1/4 UGA @ 63.35

June 06, 2008
Buy 1/2 OIL @ 76.73
Sell 1/4 OIL @ 83.01

Buy 1/2 UGA @ 61.97
Sell 1/4 UGA @ 65.72

June 03, 2008
Sell short 1/2 XLF @ 26.48
Cover 1/2 XLF @ 24.23

June 02, 2008
Sell short 100 shares LEH @ 34.37
Buy to cover full 1/2 LEH @ 30.74

May 29,2008
Sell short LEH 1/2 @ 36.13
Buy to cover 1/2 LEH @ 38.14

May 22,2008
Buy OIL 1/2 @ 75.33
Sell 1/2 OIL @ 80.02

May 21,2008
Sell short full IAU @ 95.55
Buy to cover full IAU @ 91.55

May 20,2008
Short 1/2 C @ 167.50. Stopped out @171.00
Short 1/2 C @ 169.61. Stopped out @ 171.00

May 19,2008
DUG-1/2 @ 29.14 sold @ 26.90
DUG-1/2 @ 30.12 sold @ 26.90

April 28,2008
Short 1/2 C @ 24.76. Stopped out @ 26.75
Short 1/2 C @ 25.85. Stopped out @ 26.75

April 23,2008
Short 1/2 SLV @ 177.29
Cover 1/2 @ 170.08

April 18, 2008
GDX Full @ 51.34
GDX Full called away @ 49.50
GDXDS sold 1 contract @ 5.50-expired

April 17,2008
Short 1/2 SLV @ 178.45
cover @ 180.62
Short 1/4 SLV @ 179.00
Cover @ 180.62

April 01,2008
Short 1/4 SLV @ 176.15
stop out @ 167.59
Short 1/4 SLV @ 177.51
stop out @ 167.59

March 24, 2008
Short 1/4 SLV @ 198.51
stop out @ 170.56
Short 1/4 SLV @ 180.90
stop out @ 170.56

March 19, 2008
Sell 1 GDX March 50 call (GDXCX) @ 5.00
Buy 1 GDX March 50 call @ 0.70

Sell 1/4 LEH @ 45.00
Buy 1/4 LEH @ 46.98

March 13, 2008
Buy 1/4 UNG @ 43.44
Sell 1/4 UNG @ 48.00

March 12, 2008
Buy full EXK @ 4.10
Sell full EXK @ 3.96

March 06, 2008
Buy 1/4 SLV @ 200.50
Sell 1/4 SLV @ 200.00

Feb. 21,2008
Short 25 IAU @ 89.51
Buy 25 IAU @ 94.17
*Hedged with GLD

Feb. 7,2008
Sell 100 IAU @ 86.89
Buy to cover 100 IAU @ 90.50-
*Hedged with GLD
Buy 25 GS @ 188.01
Sell 25 GS @ 189.87

Feb. 7,2008
Sold 1 contract GDX Feb. 40 call
GDXBN @ 9.20
Bought to close @ 6.70
*Hedged with GDX

Jan. 30 2008
Bought 100 GLD @ 86.53
Sold 50 GLD @ 89.25
Sold 50 GLD @ 90.25
*Hedged via IAU

Jan. 25 2008
Bought 100 IVV @ 140.38*hedged with SPY
Sold 100 IVV @ 136.23*hedged with SPY

Jan. 23 2008
Sold 100 SPY @ 139.15*hedged withIVV
Bought 100 SPY @ 130.61*hedged with IVV
Sold 50 OIL @ 51.17
Covered 50 OIL @ 51.13
Sold 200 SPY @ 128.81
Bought 200 @ 132.11

Jan. 18 2008
Sell short 50 OIL @ 53.58
Buy 50 OIL @ 52.66

Jan. 14 2008
Sold short 50 shares GDX @ 51.46
buy 50 shares @ 49.22

Sold short 25 shares GLD @ 87.89
buy 25 shares @ 87.53

Jan. 14 2008
Sold short 50 shares CFC @ 8.65
Covered 50 shares CFC @ 6.44
Sold short 75 shares GDX @ 9.61
Covered 50 shares CFC @ 6.44

Jan. 07 2008
Sold short 50 shares GDX @ 49.30
stopped 25 shares @ 50.30
stopped 25 shares @ 51.30

Jan, 07 2008
Sold short 100 shares OIL @ 56.97
Covered 100 shares OIL for 55.37.

Nov. 13 2007
Buy to open 1 contract GPYKD @
4.9 sell to close @ 8.9.
(GS Nov 200 call)

Friday, October 31, 2008

Ugly Aardvarks and Non-Stellar Constellations

Thursday, October 30, 2008

Fiat Money

Information InSecurity

Alert: PAAS

Societe Generale gets Hassled

MarketWatch

Wednesday, October 29, 2008

National City Implodes

Tuesday, October 28, 2008

Loan Shark

Peter Schiff on Depression and Martial Law

Lost Hope

Monday, October 27, 2008

Hold Gold and Silver

Martial Law Plans Revealed?

Parasites Munch on Pension Funds

Alert: SKF

Implied Implications

Stockmarket Implode Week of 10/26

Sunday, October 26, 2008

The Wall Street Payback By Ian Cooper

Saturday, October 25, 2008

National City’s Purgatory

Friday, October 24, 2008

Credit Cards, Commercial Paper, and Weird Old Uncles

About Me

Definitions

Blog Archive

Open Positions

Closed Positions by Open Date

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