October Stock Talk IV

I dont use Etrade but I know Scottrade sure has been sucking wind on and off since the market has been so wacky.



Give them a call if you need a trade placed.

etrade blows,scottrade much better,always advise clients that are looking to trade on their own to use scottrade,,,,,full disclosure,.i have no connection or interest in them,would always advise to use full service broker,,,u know what im sayin wall?...just kiddin,,,,how much more can cfc get the piss beat out of it?.....any bailout wont save it anyway imo,,,leads me to believe what i 've been hearing,,gettin boughtout,,i keep hearing the same name as well ,mentioned it yesterday,dont want to repeat myself,,,,,,to me this merrill shit is not a suprise,,dont know why people are shocked by this shit,,,imo u will see a fourth qutr. write down as well,,then the shit really hits the fan,,,,im looking at some buying from where im sittin all of a sudden ,,,it was about that time

Yep..I didnt know enough about the ML situation to comment, but I can see with my own eyes how many foreclosures there are in my area.

I checked over at www.foreclosure.com and punched in Maricopa county and there were a TON of houses on the brink..funny thing though, most of them are being listed by agents at full boat..obviously they are in over heads and have no equity. It is killing the resale market here.

That said, who is going to buy CFC looking into the abyss like this? Most firms have boat loads of garbage and they dont need even more. Maybe if CFC gets down to the middle single digits someone will step in..probably the bank that loaned them money in the first place and has preferred shares.....hmmmm...

Anyway I like IMB because they are a BANK in addition to a lender and they arent in as deep as CFC is.

No way I ever use a full service broker..I WAS a full service broker..haha..and I dont need to pay 80-100 bucks for a trade.

How is business btw?

I knew they would either kill it at 3 or kill it up once the bond market closed.

I was REALLY hoping for a kill the market, then a setup tomorrow morning, but it is a gonner now.

Gonna take the dow positive, how hilarious.

Sat there with a thumb up my rear looking at some 155 calls on FSLR at 6.20 or so, now asking 9.

I really really wanted that setup tomorrow morning.

Anyone else notice the 10 yr treasury is within a few ticks of the year low?



Even with the markets blazing hot, people are buying the note. Also keep in mind that since our currency is in the shitter that people in the UK and Canada and Europe are getting a 20-50% discount, which makes that effective yield that much higher.

claycourt,

Yep..got in at 12, I am willing to roll the bones maybe down to 10.50 on the trade..since they are a BANK I feel better vs CFC, and I really think they will fare better with their product mix than CFC.

Lets see how they finish this off..if she goes down 100 again, it will be murder tomorrow at the open and that is no joke.

Check out BAC..they almost took it POSITIVE..unreal. These MMs think they are gonna make out on dip buying financials, well that is a risky trade for sure.

I wont go long the common, rather options..which was what I was hoping for tomorrow, but unless they clobber the market the last 30 min I am not sure.

For those who are wondering where the trades are, look what they took positive and go with those...GOOG went positive, ISRG is a monster and probably going to 400. FSLR and DRYS kept up strong for their high beta, SPWR is up 3 bucks into this mess.

I would avoid financials for the short term and focus on the high beta winners..and you are right they could take FSLR to 200, who knows. If they announce a split come earnings (which I bet they do) watch out...she might be up 30 pts that day.  

claycourt,

The IOM comparison is perfect..both companies will never realize the gains which were given to them..and both long term end up in the same boat.

I would expect a 2 or 3 for ONE stock split..not a 3 for 2..especially since the IV will explode into earnings, which I think is the 5th or 6th..now is probably the time to get into options before the announcment..which is another 2 weeks away.

Wow..the MM just drop kicked DRYS in the last 2 minutes.

Also i wonder if anyone here is still holding that mutt POZN..cracking 9 today, looking at the year low not far away.

Worst trade of the last two years..although I have a few other stinkers too.

claycourt,

The common has too low of risk/reward, I want to gamble bro..

Yeah they brought back the DOW..I wonder who yapped and moved the market 50 pts in 5 minutes..  

dave,

I guess that was a new issue, I dont see a year low on the stock.

claycourt, please feel free to chime in with your views..I appreciate everything you have to say.

After hours movers..

NTRI and FFIV and SYMC down..

I have to remember last earnings cycle for FFIV, they took it lower then brought it right back up. I am shocked we didnt remember some of these earnings plays to straddle..

   i believe the cutoff is5;30 est

Options close when the market closes..

   so then dont read em, u wont hurt my feelings,,i just try to add some insight here because ive made a pretty nice career out of it,,my job is not a punctuation teacher,i guess i just do that to break up the thoughts,,im abusy guy witha real life so i really dont care if it is correct or not,,no time for that,,,gl 2 you and hope u make alot of loot