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Mikey's Corner 08

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Posted: #1
My positions as of 9/10/08...
Short: NSC 72.41 CSX 65.32 CMI 66.15 UNP 81.97
WFC 29.10 and 33 BAC 32.45 COF 43.51 and 48
PNRA 52.06 DKS 24
Long: QID 42.10 MZZ 60 SDD 74.62 and 64.75 SMN 33.25 GM 11.10 FNM 6.72
 
Trades only LEH 10 and 7.79 DIG 66.74
Orders to buy FNM at .30 and .50
Orders to buy DXD 58 and 55 DUG 33.5 SMN 33
Positons are non tradeable Trades are by feel
 
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Posted: #2
Add to the positon list Short MCD 63.79 JCP 44
 
Also am looking to short NSC UNP CSX at 10 day moving averages
 
Market opinion I think we are going higher probably until at least Mid OCT maybe mid November. I want to short that strength I think 12000 plus would be a target
 
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Posted: #3
mikey

 can you explain your thoughts on dig to me. I was gonna buy it back before hours today but didnt get on until open and seen it move up and thought i had missed it rebound a few points.  the volume doesnt look heavy on it and oil per barrel hasnt gone up much about a .25 right now. but its still heading up. I cant seem to understand how this thing moves. your thoughts would be appreciated.


 
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Posted: #4
Two weeks to expiration
chart looks like is breaking down
The TV touts are negative on oil now
If they rally the oils now the Sept put buyers on oil are screwed
Thats what this is all about
Maybe not the answer you were looking for but that is my take
Its just a technical trade.
 
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Posted: #5

Holding my LEH looking to buy more

Shorted CSX 59.20 Have shorts in on NSC at 68 and UNP at 77.25

 

 
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Posted: #6
Buying LEH 4.52
 
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Posted: #7
Any "positive catalyst," whether it's a lie or a damn lie, could absolutely blow the lid off anyone short financials.
 
Just "waiting and watching" on this end with gun fully loaded.
 
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Posted: #8
Yep, going to join in on the LEH party and open 3000 x LEH at 4.13 and let it ride through the day.
 
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Posted: #9
Position Trade buying JEQ 5.94
 
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Posted: #10
What the hell I am buying more FNM expect this to take a long time though like this price .75
 
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Posted: #11
Adding to my GM buy of yesterday 11.70
 
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Posted: #12
Buying DDM 58.96
 
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Posted: #13
All we need is someone to start a "LEH will be taken over" rumor, and the shorts will bail out.
 
Seen it happen about 100 times in this type of situation.
 
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Posted: #14
Quote Originally Posted by claycourtlesson:

All we need is someone to start a "LEH will be taken over" rumor, and the shorts will bail out.
 
Seen it happen about 100 times in this type of situation.


been Blackstone rumors all week and back into last

i would say traders are too smart to fall for it but what do i know
 
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Posted: #15
Choo Choo's are fantastic shorts Shorted CSX 59.20 will short again at 61.90
NSC Shorted 68 will short again at 73
UNP shorted at 77.25 next short at 82.2
In position trading the near term means nothing the higher they go the bigger the position the bigger the win
 
Objective NSC 47, CSX 40, UNP 55
 
 
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Posted: #16
I swear they are going to run this thing up into next friday. Today smells like a bear trap.
 
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Posted: #17
OK Dude LEH is going to get bought out...Hows that
 
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Posted: #18
Yeah, Koaj, I can't believe anyone would buy-out LEH and take on all that garbage, but shorts that opened up positions today could easily get frightened in to covering.
 
Yeah, the strong shorts won't budge, but I do think this could trade black today for me.  We'll see.
 
The gov't is taking all kinds of crap about their numerous bailout packages given out the last year, so Paulson ain't going to come to the rescue for LEH.
 
LEH is dead, D E A D dead, unless they can get a foreign buyer.
 
 
 
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Posted: #19
Quote Originally Posted by mikey22222:

OK Dude LEH is going to get bought out...Hows that

Get the shorts to listen to you, and I am fine with that.

 
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Posted: #20
Damn this is fun. Beats the hell out of the NFL dont you think?
 
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Posted: #21
I think the government will arrange something under the table for LEH but call it a private takeover
 
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Posted: #22
They are fricking telegraphing LEH going down right after FNM. It looks to pat looks like a set up to me. That's my bet I love this kind of shit
 
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Posted: #23
Well, Mr Mikey, I would cetainly say that getting long LEH today is the "right side."
 
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Posted: #24
Speaking of, Mikey, do you get down on the games for real?
 
 
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Posted: #25
Don't forget the DIG now 68
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