Tuesday, May 20, 2008
Alert: XLF
Sell short 50 shares of XLF@ 26.48 with stop @ 27.02 position. Set stops on SLS @ 171.00.
Trade Alert: OIL DUG
We stopped ourselves out of a full position of DUG yesterday for about a $3 loss per share. Half of the shares were naked long the other hal...
Monday, May 19, 2008
WaMu is Bleeding
Some wounds can kill and others once inflicted will never heal. Those that never heal are inflicted by betrayal, by trusted ones, by those...
Saturday, May 17, 2008
HELL To Pay
The Master Manipulators are spreading the good cheer that the worst of the write downs and credit crisis related losses are behind us. With...
Friday, May 16, 2008
Crude and Goldman
Wall Street is a criminal organization, a mafia and the Godfather of that mafia is Goldman Sachs. Goldman Sachs is involved in every aspect ...
Alert: DUG OIL
Don't be panicked by the gap. The low on DUG is 28.52 , sell only if it breaks the low. Hold the position on OIL. Check back for a sp...
Stopped Out of It
To get stopped out is common occurrence in trading. Most traders --myself included-- concern themselves with where to place stops, but not e...
Thursday, May 15, 2008
Volcker Feigning FED Criticism
When J P Morgan and John D. Rockefeller pushed through the Federal Reserve Act of 1913 they both came out in public statements against it wh...
Wednesday, May 14, 2008
RBS-Not Right
Royal Bank of Scotland proposed rights issue was formally approved yesterday for $24 billion. The bank is a snake eating its own tail and ...
The Other Side of The Ride
Sometime you comes across a gem of advice and this is one I have stumbled on a few times now. I have written it down and putting it in my bl...
Tuesday, May 13, 2008
HSBC's Loop-holes and Lies
We have been reporting the most conservative HSBC write down numbers (those of HSBC itself), but the stench of something rotten -- something...
Trade Update: DUG
We are going to hedge or DUG oil short play with OIL. We are short 1/2 position DUG, fill that one out right now @ 29.19. There is a nice sa...
Monday, May 12, 2008
Trade Alert: SLV
SLV just shot up over 171 in only a few minutes. It is dicey here, but don't panic. The stochastic in the 15 minute chart is at 100%, SL...
HSBC Doubles Up Q1 Write Downs
After writing down just $2.1 billion to asset-backed securities, monoline credit exposures, credit trading positions, and leveraged loan fin...
Trade Update: DUG IAU GLD SLV
We are short oil and gas via DUG short gold and silver with IAU and SLV respectively and also long gold by GLD. This week I think will be bi...
Friday, May 9, 2008
Banks Dumping Debt on Taxpayers
The worlds largest banks are feeding on the worlds public sector more than ever. Bloomberg is reporting that Citigroup and UBS are exitin...
Thursday, May 8, 2008
Black Goldman Texas Tea, Oil That Is
Goldman Sachs is at it again, manipulating the price of oil and gas . This is the same old game and don't you play it. Take a look at th...
Alert: DUG
We have been unable to short OIL, USO, UGA or UNG because there were not enough shares available to short. However we can effectively short ...
Level 3 With Me
I have a 1969 Volkswagen Van that I am in love with. The van is really just an old bucket of rust, but I tell people it’s worth a million bu...
Wednesday, May 7, 2008
Trade Alert: SLV
SLV gapped down hard at the open, so we lost our entry point. DONT CHASE IT! The trade is in the green so we will wait to see how much of th...
Trade Alert: SLV
We are short a 1/2 position of SLV. The metal has retraced and now appears to be ready to roll over under 170, but the stochastic in the dai...
Tuesday, May 6, 2008
To Merrill Level 3 Beats Cash
Well, he is still at it. The torrent of BS from John Thain’s mouth is continuous, interspersed with just enough truth to render the deceptio...
Monday, May 5, 2008
Suckers Wind
There is a wind of change a blowing and it blows cold and ill for the bulls. This artificial rally --to sell the financials for the sake of...
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