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...
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