CFC getting killed again today and many financials head faked higher and now are lower.
Still gotta avoid the group, no need to dip toes (even though I did with IMB)
stay away from the financials, specifically anything related to housing...banks with mortgage arms etc
my brother (analyst) who was very optimistic through the whole summer yesterday told me "there is some bad shit out there and no one knows how deep it runs"
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Quote Originally Posted by wallstreetcappers:
CFC getting killed again today and many financials head faked higher and now are lower.
Still gotta avoid the group, no need to dip toes (even though I did with IMB)
stay away from the financials, specifically anything related to housing...banks with mortgage arms etc
my brother (analyst) who was very optimistic through the whole summer yesterday told me "there is some bad shit out there and no one knows how deep it runs"
CFC would be stupid to hold the dividend..they are hurting seriously and are going to be losing money for quite some time. I bet she goes under 10 bucks.
Wasnt it Wells that loaned them money or was it BA? Either way those guys are holding some terrible preferred shares now.
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Good info Koaj..
CFC would be stupid to hold the dividend..they are hurting seriously and are going to be losing money for quite some time. I bet she goes under 10 bucks.
Wasnt it Wells that loaned them money or was it BA? Either way those guys are holding some terrible preferred shares now.
1. Dependance has been continuous throught both Demcorat and Republican admins. 2.Policies (public distaste, environmentalism whatever the cause, good or bad) that causes NO refinieries to be built in 30 years is absurd, and self inflicted, throughout admins of both parties. 3.As above, regarding nuclear power plants, again as above regarding the parties. 4. The American consumer remains enamored with gas guzzlers, whatever party is in power.The choice to buy more fuel efficient, smaller vehicles has been present at all times:and completely ignored.Indeed, Detroit concludes (rightly) that the American consumer loves bigger and bigger land yachts, and builds accordingly.
Simply put, the American consumer has wanted its cake (bigger and more wasteful everything, from cars to houses) and wants to eat it as well (no nukes, no drilling, no refineries in my back yard). The then wish to demonize anyone else for their own choices: be it oil execs, Saudis, or whomever. They should look in the mirror.The fault lies not in the stars but in ourselves, but getting the American public to choose conservation methods that are quite simple has been impossible.
By the way here is a shameless plug: look at the Rocky Mountain Institute website, run by a guy who lives off the grid while living in Colorado (!!) where it gets rather chilly in the winter.
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I submit the following:
1. Dependance has been continuous throught both Demcorat and Republican admins. 2.Policies (public distaste, environmentalism whatever the cause, good or bad) that causes NO refinieries to be built in 30 years is absurd, and self inflicted, throughout admins of both parties. 3.As above, regarding nuclear power plants, again as above regarding the parties. 4. The American consumer remains enamored with gas guzzlers, whatever party is in power.The choice to buy more fuel efficient, smaller vehicles has been present at all times:and completely ignored.Indeed, Detroit concludes (rightly) that the American consumer loves bigger and bigger land yachts, and builds accordingly.
Simply put, the American consumer has wanted its cake (bigger and more wasteful everything, from cars to houses) and wants to eat it as well (no nukes, no drilling, no refineries in my back yard). The then wish to demonize anyone else for their own choices: be it oil execs, Saudis, or whomever. They should look in the mirror.The fault lies not in the stars but in ourselves, but getting the American public to choose conservation methods that are quite simple has been impossible.
By the way here is a shameless plug: look at the Rocky Mountain Institute website, run by a guy who lives off the grid while living in Colorado (!!) where it gets rather chilly in the winter.
vermeer,,i did start out in a chop shop,not really by choice,i have told my story here on other posts,,however i have bee at a so called''reputable ''' firm for some time now,,on to oil,,wall i agree with vermeer i think the demand from others such as china ,india,etc.... is the driving force,,dont think it matters what we do,,you did hit on one point wall,how about we drill in alaska and the like?..i think its a great idea..oh no we cant because everytime it is considerd person liberals cry because an elk or two might be killed in the process,and so nothing gets done...same reason no refineries have been built i think since the late seventies or so...tree huggers dont want it near them,,i like the environment and all but at some point abalance must be struck between not killin g the planet but getting out of it what we need,,,i say all of this as i look out my office window across the hudson and what do i see,,refineries oil, gas holding tanks,,oh i see we will just oput everything that is harmful in jersey ,,ok ,,cool....either way 100-120 $ oil is near....cfc is dead,mozzillos[spelling?] head on a platter any day now....from now on ,just typing, no spaces, commas , periods or bbreaks in the words of any kind,,haha.......ps...nice effort rockies
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vermeer,,i did start out in a chop shop,not really by choice,i have told my story here on other posts,,however i have bee at a so called''reputable ''' firm for some time now,,on to oil,,wall i agree with vermeer i think the demand from others such as china ,india,etc.... is the driving force,,dont think it matters what we do,,you did hit on one point wall,how about we drill in alaska and the like?..i think its a great idea..oh no we cant because everytime it is considerd person liberals cry because an elk or two might be killed in the process,and so nothing gets done...same reason no refineries have been built i think since the late seventies or so...tree huggers dont want it near them,,i like the environment and all but at some point abalance must be struck between not killin g the planet but getting out of it what we need,,,i say all of this as i look out my office window across the hudson and what do i see,,refineries oil, gas holding tanks,,oh i see we will just oput everything that is harmful in jersey ,,ok ,,cool....either way 100-120 $ oil is near....cfc is dead,mozzillos[spelling?] head on a platter any day now....from now on ,just typing, no spaces, commas , periods or bbreaks in the words of any kind,,haha.......ps...nice effort rockies
I was reading a Jimmy Rogers blurb about the dollar and how it stinks, which we know..and he still likes China. I think China is safer to be investing than the US..which means ETFs and stocks.
Vermeer, the US consumer hasnt met with waiting lines or relative pricing issues for oil and gas because unlike during the Carter years, the average MPG is MUCH MUCH higher, even for gas guzzling cars. So even though I own a Honda Pilot, I get in the 20s for MPG which would pretty much beat every car available during the last time we dealt with this issue.
One other comment..I have to disagree with you on Carter and interest rates. A one term president really does not get to realize their effects on economics and rates because the lag time behind policy and cycle means Carter got what was before him, plus all the manipulation of OPEC, and the larger reason for rates was the policy stance of the FED chair at the time, which the president of the country has no impact.
So blaming Carter for interest rates is like blaming the auto makers for high oil.
If you create incentives for innovation, people can still have their yacht and their gas mileage..it is possible. There is huge risk financially to developing technology and for the automakers there is no reward for doing so..thus it would take forever for them to desire and develop solution..but in the private sector if you create demand and incentives, that will spur innovation.
Bush doesnt even TRY...Carter at least created the impression that the White house was behind solar and being the mouth piece it sure is better than what Bush does..which is nothing outside fund the Iraq invasion..
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I was reading a Jimmy Rogers blurb about the dollar and how it stinks, which we know..and he still likes China. I think China is safer to be investing than the US..which means ETFs and stocks.
Vermeer, the US consumer hasnt met with waiting lines or relative pricing issues for oil and gas because unlike during the Carter years, the average MPG is MUCH MUCH higher, even for gas guzzling cars. So even though I own a Honda Pilot, I get in the 20s for MPG which would pretty much beat every car available during the last time we dealt with this issue.
One other comment..I have to disagree with you on Carter and interest rates. A one term president really does not get to realize their effects on economics and rates because the lag time behind policy and cycle means Carter got what was before him, plus all the manipulation of OPEC, and the larger reason for rates was the policy stance of the FED chair at the time, which the president of the country has no impact.
So blaming Carter for interest rates is like blaming the auto makers for high oil.
If you create incentives for innovation, people can still have their yacht and their gas mileage..it is possible. There is huge risk financially to developing technology and for the automakers there is no reward for doing so..thus it would take forever for them to desire and develop solution..but in the private sector if you create demand and incentives, that will spur innovation.
Bush doesnt even TRY...Carter at least created the impression that the White house was behind solar and being the mouth piece it sure is better than what Bush does..which is nothing outside fund the Iraq invasion..
If CFC axes its CEO the stock gets murdered..the street still has confidence in this guy..so I dont see it.
My comment about oil is we must create solutions since the supply is controlled by an ologopoly there is little we can do to influence pricing outside reducing demand..simple economics 101.
The last time historically we stood up to big oil, they dropped the pretense and production increased and prices dropped.
After watching that show I think 200 buck oil is possible..Venezuela is losing capacity and not investing to increase output, Russia is a mess, and the Saudis reserves are mainly SOUR crude..more costly to refine.
To me the oil companies are also to blame for not investing in refineries..blaming the states and citizens for not allowing refineries is weak..I am quite sure that many states would allow for refineries if placed in the right location. Refiners make more money with tight supplies, and they are the culprits if you ask me.
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If CFC axes its CEO the stock gets murdered..the street still has confidence in this guy..so I dont see it.
My comment about oil is we must create solutions since the supply is controlled by an ologopoly there is little we can do to influence pricing outside reducing demand..simple economics 101.
The last time historically we stood up to big oil, they dropped the pretense and production increased and prices dropped.
After watching that show I think 200 buck oil is possible..Venezuela is losing capacity and not investing to increase output, Russia is a mess, and the Saudis reserves are mainly SOUR crude..more costly to refine.
To me the oil companies are also to blame for not investing in refineries..blaming the states and citizens for not allowing refineries is weak..I am quite sure that many states would allow for refineries if placed in the right location. Refiners make more money with tight supplies, and they are the culprits if you ask me.
wall, u r correct that the economic policies of any administration are not realized for years to come,,however i agree with vermeer i dont think it matters which party is in power frankly,,too much political red tape bullshit,special interest groups and so on to get anything of substance done
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wall, u r correct that the economic policies of any administration are not realized for years to come,,however i agree with vermeer i dont think it matters which party is in power frankly,,too much political red tape bullshit,special interest groups and so on to get anything of substance done
I think tomorrow is going to be a terrible day in the markets.Have nothing to back that up with and probably should not post such a vacuous comment.Does anyone else have any strong opinion on how the market ends Friday?
WSC we can agree to disagree on Carter's (in my opinion, horrible tenure as President, and I will admit shamefully of having actually voted for the twit
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I think tomorrow is going to be a terrible day in the markets.Have nothing to back that up with and probably should not post such a vacuous comment.Does anyone else have any strong opinion on how the market ends Friday?
WSC we can agree to disagree on Carter's (in my opinion, horrible tenure as President, and I will admit shamefully of having actually voted for the twit
You could very well be right, things are looking sour today for sure. If we close down large today, they will open it down large tomorrow..great long setup if you ask me.
RIMM, AAPL, even DRYS and FSLR and SPWR are getting knocked around..
Yeah I am fine disagreeing on Carter..I do have my opinions as you well know..
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Vermeer,
You could very well be right, things are looking sour today for sure. If we close down large today, they will open it down large tomorrow..great long setup if you ask me.
RIMM, AAPL, even DRYS and FSLR and SPWR are getting knocked around..
Yeah I am fine disagreeing on Carter..I do have my opinions as you well know..
Major mortgage lenders in
the area engulfed by the San Diego Wildfires include
Countrywide Financial (CFC), Wells Fargo Bank (WFC), and
Wachovia (WB). These companies are now able to
defer these subprime risks, which have already crippled
the mortgage industry, from immediately impacting their
balance sheets, and onto the balance sheets of the areas
major insurers.
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Thanks for that link Grid.
Here is a novel take on the fires.I wonder if Mozillo has been seen with a Zippo lately?? LMAO!!!
Major mortgage lenders in
the area engulfed by the San Diego Wildfires include
Countrywide Financial (CFC), Wells Fargo Bank (WFC), and
Wachovia (WB). These companies are now able to
defer these subprime risks, which have already crippled
the mortgage industry, from immediately impacting their
balance sheets, and onto the balance sheets of the areas
major insurers.
I agree with everything said here by Rogers, especially the last line. Now I gotta go help a kid learn how to write a single coherent parapgraph, so I will miss the end of the session...GL guys, I got a bad feeling for the end of the day and the end of the week.
Jim Rogers, chairman of Beeland
Interests Inc., said he is shifting all his assets out of the
dollar and buying Chinese yuan because the Federal Reserve has
eroded the value of the U.S. currency.
``I'm in the process of -- I hope in the next few months --
getting all of my assets out of U.S. dollars,'' said Rogers, 65,
who correctly predicted the commodities rally in 1999. ``I'm
that pessimistic about what's happening in the U.S.''
Rogers, delivering a presentation late yesterday at an
investors' meeting organized by ABN Amro Markets in Amsterdam,
said he expects the Chinese currency to quadruple in the next
decade and that he is holding on to commodities such as platinum,
gold, silver and palladium.
The dollar has dropped against all the 16 most actively
traded currencies except the Mexican peso this year as slowing
growth and the first interest-rate reduction since 2003 last
month dimmed the allure of dollar-denominated assets.
Since the Fed lowered U.S. interest rates on Sept. 18, the
first cut in four years, the dollar has fallen 2.8 percent
against the euro and touched a record low yesterday. Gold rose
to a 27-year high and platinum jumped to a record.
``It's the official policy of the central bank and the U.S.
to debase the currency,'' said Rogers, a former partner of
George Soros.
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I agree with everything said here by Rogers, especially the last line. Now I gotta go help a kid learn how to write a single coherent parapgraph, so I will miss the end of the session...GL guys, I got a bad feeling for the end of the day and the end of the week.
Jim Rogers, chairman of Beeland
Interests Inc., said he is shifting all his assets out of the
dollar and buying Chinese yuan because the Federal Reserve has
eroded the value of the U.S. currency.
``I'm in the process of -- I hope in the next few months --
getting all of my assets out of U.S. dollars,'' said Rogers, 65,
who correctly predicted the commodities rally in 1999. ``I'm
that pessimistic about what's happening in the U.S.''
Rogers, delivering a presentation late yesterday at an
investors' meeting organized by ABN Amro Markets in Amsterdam,
said he expects the Chinese currency to quadruple in the next
decade and that he is holding on to commodities such as platinum,
gold, silver and palladium.
The dollar has dropped against all the 16 most actively
traded currencies except the Mexican peso this year as slowing
growth and the first interest-rate reduction since 2003 last
month dimmed the allure of dollar-denominated assets.
Since the Fed lowered U.S. interest rates on Sept. 18, the
first cut in four years, the dollar has fallen 2.8 percent
against the euro and touched a record low yesterday. Gold rose
to a 27-year high and platinum jumped to a record.
``It's the official policy of the central bank and the U.S.
to debase the currency,'' said Rogers, a former partner of
George Soros.
HUGE volume..great to see. Also nice that the big block held in on that bid..it likely means it is legit and I like seeing that. Somtimes you see a block, then they pull it.
Good signs to me.
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Grid,
You see that late spike?
HUGE volume..great to see. Also nice that the big block held in on that bid..it likely means it is legit and I like seeing that. Somtimes you see a block, then they pull it.
Good job, guys, for buying CRDC for the long haul. You'll be happy, and I think CRDC has a shot near 20ish by end of 2008 unless it gets bought out first (which probably will happen).
CFC will be in play tomorrow, BIG TIME. The heavy shorts may take profits tomorrow if there is a huge gap down. I don't know, but will try to maybe game it for another trade.
Have a good night.
Cheers
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Good job, guys, for buying CRDC for the long haul. You'll be happy, and I think CRDC has a shot near 20ish by end of 2008 unless it gets bought out first (which probably will happen).
CFC will be in play tomorrow, BIG TIME. The heavy shorts may take profits tomorrow if there is a huge gap down. I don't know, but will try to maybe game it for another trade.
I encountered a kid who will take the SAT next Saturday. He xplained to me he was meeting only because his parents made him to try and impove his (terrible) SAT scores, and he "did not care, period."
I share this with you guys, and ask if what I said was rude :
"Oh, well, in that case, if you don't care, and are not going to devote any intellectual effort, then neither will I. That takes the pressure off both of us, so let's relax. You wish to waste your parent's money, and I wish to preserve my intellect for people who wish to improve their SAT scores. Here, answer this section's problems, (from the SAT) and I will re view them with you, and then we can both ring down the curtain on this particular farce."
Kid looked like I slapped him in the face with a flounder.
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I encountered a kid who will take the SAT next Saturday. He xplained to me he was meeting only because his parents made him to try and impove his (terrible) SAT scores, and he "did not care, period."
I share this with you guys, and ask if what I said was rude :
"Oh, well, in that case, if you don't care, and are not going to devote any intellectual effort, then neither will I. That takes the pressure off both of us, so let's relax. You wish to waste your parent's money, and I wish to preserve my intellect for people who wish to improve their SAT scores. Here, answer this section's problems, (from the SAT) and I will re view them with you, and then we can both ring down the curtain on this particular farce."
Kid looked like I slapped him in the face with a flounder.
None of my business, man, but you are a teacher, then? No, what you said was spot on. If the little brat doesn't care about his score, then why should anyone else bend over for the dummy? Too much of this type of attitude infiltrates the school system in the USA today, which, let's face it, is basically a glorified baby-sitting service, at least more times than not. Yes, there are some exceptions.
I believe the school duration is too long, though. Pre-school through grade 12 is 14 freakin years!!!!!!!!!
I say cut the 14 years to 12, and force these little people to work community service for 2 years......MANDATORY, as in NO WAY OUT, regardless of how rich your mommy or daddy is.
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Vermeer-
None of my business, man, but you are a teacher, then? No, what you said was spot on. If the little brat doesn't care about his score, then why should anyone else bend over for the dummy? Too much of this type of attitude infiltrates the school system in the USA today, which, let's face it, is basically a glorified baby-sitting service, at least more times than not. Yes, there are some exceptions.
I believe the school duration is too long, though. Pre-school through grade 12 is 14 freakin years!!!!!!!!!
I say cut the 14 years to 12, and force these little people to work community service for 2 years......MANDATORY, as in NO WAY OUT, regardless of how rich your mommy or daddy is.
Yep, it's natural to always want to "buy at a lower price" and play the "wait and see" game.
Then guess what? You wait forever cause it's caught in a vicious short squeeze.
Tell you what, WSC, just for the point of discussion, I will "paper-buy" this heavily shorted ticker symbol at tomorrow's open. I will take it at its open, no matter what. Then, I will "paper-sell" it when it gets to 180.
No options, no gimmicks, no "waiting and seeing."
Money talks.
Cheers
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WSC-
Yep, it's natural to always want to "buy at a lower price" and play the "wait and see" game.
Then guess what? You wait forever cause it's caught in a vicious short squeeze.
Tell you what, WSC, just for the point of discussion, I will "paper-buy" this heavily shorted ticker symbol at tomorrow's open. I will take it at its open, no matter what. Then, I will "paper-sell" it when it gets to 180.
I have taken the time to occasionally help a few kids who want to score better, but I do not teach in school (I used to). I usually get them a hundred points (or so) on the Critical reading side (some else does the math side) I used to teach, still like even teenagers (but not in groups!) so I only tutor one on one.
I suspect I get a call from this oaf's Dad today. Life is too short to waste it on a dope.I should have thrown him out and gone back to watching MSFT trade.
School day too long, and kids should get out when 14 if they like. Let only the one's who want to go to school show, and one would have better grads and less fuss.
Time for a new thread, or we go on in this one?
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CCourt:
I have taken the time to occasionally help a few kids who want to score better, but I do not teach in school (I used to). I usually get them a hundred points (or so) on the Critical reading side (some else does the math side) I used to teach, still like even teenagers (but not in groups!) so I only tutor one on one.
I suspect I get a call from this oaf's Dad today. Life is too short to waste it on a dope.I should have thrown him out and gone back to watching MSFT trade.
School day too long, and kids should get out when 14 if they like. Let only the one's who want to go to school show, and one would have better grads and less fuss.
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