Investment Discussion May-Aug 2010

Question

We have lost the old thread, so time for a new one.Purchased the CRDC shares I sold at 2.60 for 2.00 today.

wallstreetcappers · Answer

We have lost the old thread, so time for a new one.Purchased the CRDC shares I sold at 2.60 for 2.00 today.

Vermeer · Answer

Worth thinking upon: RIG GS and BP options (Stocks all temporarily oversold)

I think GS needs to get rid of Blankfein for PR reasons. See it as too connected to really be driven out of business or much further down.T

Might, of course, be spectacularly wrong on that.

wallstreetcappers · Answer

Rat,If FRPT gets below 4 bucks I will start a position..

wallstreetcappers · Answer

Ahhhh...So the rumor is that the drop was a screw up by a US bank selling mini futures..Meant to sell 15M and sold 15B instead..no joke.

Vermeer · Answer

is that really plausible?

wallstreetcappers · Answer

Sure..The Futures drive the cash markets...for sure it is possible and explains the price action.What will matter more is if they buy it back quick or they keep selling.This could be a trend changer.

Vermeer · Answer

uess which firm made the "trading error" everyone thinks caused the crash. That&#x27;s right... CITIGROUP (CNBC)from Blodgett on Twitter

Vermeer · Answer

Seems to me they might be liable for all the blown stop losses triggered??

wallstreetcappers · Answer

Nope.Risk is inherent, unless they reverse all trades, they all stick..

Vermeer · Answer

well...it helped me actually with VXX, dumped some at 29

wallstreetcappers · Answer

Looks like the NAZ is going to cancel trades...Very interesting..

Vermeer · Answer

from a zine..what do ya think Wall, you believe the reason for the glitch? Or was something going on????

Stock Market Circuit Breakers Failed

I find it amazing how the financial system has circuit breakers to protect investors from a market crash yet today they did not get triggered…

Rule is (and dumb one in my opinion) is that a circuit breaker (halts trading on the stock market for a set period of time) can only be triggered before 2:30pm ET. Funny thing is that the crash happened 7 minutes after 2:30. Manipulation???

wallstreetcappers · Answer

We shall see..If they reverse trades as it looks then it was a 100% slip-up as I see it.Also..if tomorrow they smash the living hell out of the markets, then we are seeing a trend reversal..I dont see a catalyst or a reason, plus the style for how this happened makes me think it will be reversed.

be easy · Answer

Also..if tomorrow they smash the living hell out of the marketsis that plausible?

wallstreetcappers · Answer

Of course..If the jobs number is squishy they could smash it good or if some Greece rumblings or another debt downgrade in the EZ..could happen for sure.

Vermeer · Answer

I just cant figure....was this a fund liquidation, or a glitch as proposed...or HFT gone wild????I gotta think it is going to scare anyone on the fence out of the market for now...

Rush51 · Answer

Pressures in Europe will continue to strain the market. Friday could be another rough one, and continue a correction that some say has long been overdue..

time to get the shopping list out on quality stocks that are sure to get punished.

wallstreetcappers · Answer

Crazy stuff, up 4% plus, over 400 pts.So much for the meltdown.

Vermeer · Answer

Lets see if this sticks.

I do not think it does.It is an extremely desperate move, and one that will delay, but not cure.

Any reasonably conservative investor, as opposed to speculator, sees confirmation that 1.the markets are now completely volatile and based on political, not economic decision making 2. The only entities protected when the shit hits the fan are the banksters and their enables, the pols.

On the other hand, it is a speculator's paradise.

Vermeer · Answer

"Goldman can create shorts faster than Europe can print money."

wallstreetcappers · Answer

Agree..Goldman for all purposes should be broken up and taken down if you ask me. They are a toxic company who has repeatedly cheated and been part of helping companies and countries cheat, I see no purpose for allowing them to continue as a business entity.

Vermeer · Answer

May 10 (Bloomberg) -- Goldman Sachs Group Inc.&#x2019;s traders made money every single day of the first quarter, a feat the firm has never accomplished before.Daily trading net revenue was $25 million or higher in all of the first quarter&#x2019;s 63 trading days, New York-based Goldman Sachs reported in a filing with the U.S. Securities and Exchange Commission today. The firm reaped more than $100 million on 35 of the days, or more than half the time.Goldman Sachs, which is facing a fraud lawsuit from the SEC related to the sale of a mortgage-linked security in 2007, generated $9.74 billion in trading revenue in the first quarter, exceeding all of its Wall Street competitors. Trading accounted for 76 percent of first-quarter revenue. The lack of trading losses could add to the perception that Goldman Sachs has an unfair advantage in the markets, said one shareholder.&#x201C;It will reinforce the heads we win, tails you lose mentality that people think actually exists and promotes the concept of an unfair advantage,&#x201D; said Douglas Ciocca, a managing director at Renaissance Financial Corp. in Leawood, Kansas, which oversees about $2 billion in assets including Goldman Sachs shares. &#x201C;It&#x2019;s too politically charged not to, how is that possible that they only make money?&#x201D;

wallstreetcappers · Answer

Well it was obvious for the entire quarter what the MO was, which is buy futures on weakness and rally into the close..a monkey could trade off how the markets went in such a pattern.

Since Goldman is a heavy hitter and knows what the "plan" is they can both follow the script and forge the script how they want it.

Lets see if they finish the market pushing it to highs in the last hour..

wallstreetcappers · Answer

VXX popping itself near the HOD right here..pretty interesting.Still down 11% on the day but 10% plus off the low.

Vermeer · Answer

I dipped a toe into the VXX at $25..will see.Somehow I think this is a temporary elation, a sugar high, and volatility will return when peeps sober up.We will see....who knows? We still do not know what happened last week....

Investment Discussion May-Aug 2010

Stock Market Circuit Breakers Failed

Stock Market Circuit Breakers Failed

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