Posted:
#1
any takers
SKF @ 91?
I need to find a way to bet against the hyper-inflation I suspect is headed our way. 
Posted:
#11
SKF is scary. I love to gamble and take risks as much as any degenerate, and I traded SKF once last summer and 'bout threw up in 30 minutes before hightailing it with a few pennies profit.
This thing can and will move 3-4 points in 90 seconds, and what's even worse is no one on the planet can give any type of model whatsoever as to how it is priced. SKF is a market maker's dream---------ALL based on momentum, fear, and greed------makes way out of the money options look like church bingo.
Be careful with this----all I can say. I am not too proud or arrogant to honestly tell you that SKF scares the living piss out of my sorry ass-----and I LOVE to gamble.
Posted:
#12
Quote Originally Posted by claycourtlesson:
SKF is scary. I love to gamble and take risks as much as any degenerate, and I traded SKF once last summer and 'bout threw up in 30 minutes before hightailing it with a few pennies profit.
This thing can and will move 3-4 points in 90 seconds, and what's even worse is no one on the planet can give any type of model whatsoever as to how it is priced. SKF is a market maker's dream---------ALL based on momentum, fear, and greed------makes way out of the money options look like church bingo.
Be careful with this----all I can say. I am not too proud or arrogant to honestly tell you that SKF scares the living piss out of my sorry ass-----and I LOVE to gamble.
OK then. Back to selling Adderal at the local middle school. 
Posted:
#14
I do not want to "fight the Fed" and completely agree that SKF is not for the faint of heart.But then, was or is ANY stock in the past year?
After watching the mauling of most of the market, with issues losing 60-80%, with C trading as a penny stock, I think it is only a matter of degree.
I always play a lone hand as Livermore stated of himself. I have some stops in place, and am ready to lose money (but nothing close to what I have made betting against the idea "that the banking crisis is solved" hauled out every so often by pundits.
It is NOT solved. At least I do not think so, but what do I know?
That being the case I am very aware of Keynes's famous remark when questioned about changing his position on a matter:
"When the facts change, I change my mind. What do you do, sir?"
That is what makes it interesting.Things have altered, but so far, I do not believe they have "solved" the problem.
Posted:
#25
Vermeer-
Hell no has the banking crisis been solved by "Team Obama." And it never will be, no matter how much money is thrown in to the system. It's over, period, end of story. When social security is declared caput, then there will be no more argument.
OK, what does this mean right here, right now? You said it best a few posts ago that the market can remain irrational far longer than you or anyone or Soros or God or Jesus can remain financed. Right now, as much as I hate to say it---cause it's all bs----"the trend is your friend."
Let's face it, there is no future (after about 2014-2015), and anyone in here yapping about the "long haul" (more than like 3 years) is on drugs or naive. There is, though, a short term, and that is an upside market.
SKF, IMO, can always be "traded" long or short, but it has had its day in the sun-----you ain't going to see SKF 250 for a long, long, long time.
All these bailout packages bought time, but that's it---albeit at the expense of 150% inflation and total collapse of the world financial system in about 5-6 years (sorry, WSC, no sense in denying this fact).
Do what you want, Vermeer, but "the market" right now wants to move up (yes, it's a bear market rally, and we've been in a bear market since Greenie's irrational exuberance speech back in '96). I am the proverbial little guy who, through some vicious beatings in the past, knows my role-----don't fight and argue with big money unless you like financial death. No, the little guy ain't ever going to get rich, but I can scratch out a few pennies here and there, keep my day job, and have a few seconds of fun from time to time with the trickle down from the fat cats.
Unless you got inside info, the easy trade right now is to look long and forget messing with SKF.
To sum, no, Obama is an economic idiot, and nothing has or will be fixed, but the rain has stopped, for now. Oh yeah, category 789 hurricane collapse is coming, but it ain't here now.
Cheers
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