General Stock Talk Thread

[ecto]

bought some borders (BGP) on thursday

+27.39%

[gentleman]

just a little update folks...im scaling into short positions after yesterday. i unfortunately covered shorts too early wednesday after being oversold and couldnt pull the trigger to go long on friday. i would not chase this market. this is really just an opportunity to get out of long positions.

positives for the market here: contrarian indicators are still pretty bearish...surprising actually.

negatives for the market: euro is not strengthening...euro markets still lower and are ignoring this bailout...indicating its just a blip.

my line in the sand is 1180-1185 on s&p for me to cover shorts. otherwise, i feel like something scary is on the horizon. nothing feels right.

[gentleman]

monday's stock market reaction was mixed. it just felt like a plain old short covering...not really much in the form of new buying or market strength.

keep in mind monday was the 3rd largest opening ever for stocks...the other 2 times were in september of 2008 after tarp was announced and in october of 2008...and you all remember what happened after that.

just be careful...

[zamboni]

can we lose this fucking idiot already

[gentleman]

can we lose this fucking idiot already

ok, didn't know you guys weren't appreciative. i think i pretty much called last week's volatility 2-3 weeks ago no?

but that's it...im out.

you can find me in the bike thread.

[Gehrig Industries]

did u guys see the zerohedge post about french banks shorting the euro

i think moral hazard is now in a bubble

[Totally]

did u guys see the zerohedge post about french banks shorting the euro

i think moral hazard is now in a bubble

Yeah the themis brief they put up on HFT/BATS ITCHing was tasty.

[Joe Batters]

can we lose this fucking idiot already

Oh, JP Morgan over here! Maybe if some people would listen to that poor bastards posts instead of the "EVERY THREAD" you pop up in, people might learn something. Save the retort. I have a life. Stick to what you know. Being insulting and and acting like you're 15. Asshole!

[Joe Batters]

F is still a huge opportunity, anything <$20 is a great investment. If you're worried about fluctuations this isn't the market for you, but it's still a decent opportunity for everymen to get in with a 20% upside on a 10+ year position. Ford are rationalizing their entire lineup on "global products" - e.g. finally bringing all of their fantastic German-built UK car brands to the US. Focus (the real, UK Focus) and Transit (aka Connect) are already here. Not sure what they'll be calling the Mondeo. Fiesta destroys the small hatch market in the sub-VW price range.

Where do you see F stock in the next year or two. With the Focus and the emphasis on the luxury \MKZ hybrid?

[chimp_]

did u guys see the zerohedge post about french banks shorting the euro

i think moral hazard is now in a bubble

Yeah the themis brief they put up on HFT/BATS ITCHing was tasty.

can someone link this i can't seem to find it

[ecto]

I feel very bad for the German people. Not only do I feel bad for them but I can empathize. I too am being forced to sit back and watch this comedy of errors as a corrupt, inept and increasingly dangerous class of elitist political and financial oligarchs destroys my nation. On Sunday night an ex-client that I have remained in contact with since my days at Bernstein sent me an email with a simple question: “What do you think of the bailout.” I didn’t have time to answer it during trading Monday but when I finally sat down I wrote the following. Basically, it’s a total joke as is everything else the politicians have done. No one and nothing is allowed to fail and this relates to the fact that the global monetary and financial system is a complete house of cards. It’s insanely bullish for gold. If Germans rioted they would be in the streets today. They totally got sold out beyond belief. But it doesn’t seem to be in their nature to riot so rather I think they will dump their Euros and buy gold. That’s how Germans riot. With every passing day and every new bailout of the global banks (which is all this is, all TARP was, and all everything has been) more and more people awaken to the fact it’s all a total scam. This will just accelerate the process of dumping the paper currencies we use today in favor of hard assets as this system is obviously coming down. A lot of people keep asking, is this the same as post Bear Stearns? I mean here is the biggest difference in my mind. Back then people believed in the system, the market and what we have going generally. Not now. Not anymore. Thousands more people every day figure out it’s rigged and it’s a ponzi scheme.

[s/ns]

heh

[circuitry]

yo I don't mean to brag but I called this shit so hard in '07, it blew out towers.

[s/ns]

Mags is that you?

[Totally]

F is still a huge opportunity, anything <$20 is a great investment. If you're worried about fluctuations this isn't the market for you, but it's still a decent opportunity for everymen to get in with a 20% upside on a 10+ year position. Ford are rationalizing their entire lineup on "global products" - e.g. finally bringing all of their fantastic German-built UK car brands to the US. Focus (the real, UK Focus) and Transit (aka Connect) are already here. Not sure what they'll be calling the Mondeo. Fiesta destroys the small hatch market in the sub-VW price range.

Where do you see F stock in the next year or two. With the Focus and the emphasis on the luxury \MKZ hybrid?

They're going to be front-line every time shit moves because of shares, and volume is the name of the game right now, so 1-2 years is not a comfort zone for return here. I would say in five years you are a lock to double @$12 and for an individual investor that is a fantastic opportunity to just plop down in your portfolio. F is just free money right now, but you will have to park it for a good while and find other short-term plays.

[Totally]

It's not a fucking "Ponzi scheme". People are such idiots. Sovereign is no more a problem now than it's ever been. The fluctuations in the market are impacting the same people that cause them, primarily - so your money, if you really hold it and invest it, is barely debased by the epileptic panic in the technical/structured finance world. This panic is about sustaining an unrealistic quality of life carved out by misanthropic, entitled sociopaths. I am not kidding, at all. Look at fucking Dick Grasso's comp when he was head of the exchange. Dude risked ZERO, did NOTHING. Was given a $140 million dollar compensation package, AND, when he realized there was consternation around it, how the sticker shock would look, cashed it all on his way out the door.

The world is still the world, countries are still countries: the dickheads that live inside their Bloomberg terminals all day have lost perspective on that, and are trapped in a matrix of their own making. Everything they do is one big game of telephone, of high-school gossip, really "crowd-sourcing" in one sense, on a different level. The smartest thing you could do, had you the money, would be to go long and big on blue chips, on the mortar of the market, and turn off the news for two years. The responses and assurances demanded by these people of governments and corporations they fund are creating irrational, anti-social, anti-national policies. The bailouts are cowardice in action and will be viewed historically as a sort of holocaust for capital-C Capitalism.

This will shake out, it will stop, and international finance will return to a more meritocratic level of activity where there is assessment around the monies loaned, and milestones are more reasonable.

[ecto]

the best was in the thread shortly after lehman went under where mags shows up after like 15 pages of discussion to go "told u so"

[circuitry]

shake out

[Totally]

did u guys see the zerohedge post about french banks shorting the euro
i think moral hazard is now in a bubble

Yeah the themis brief they put up on HFT/BATS ITCHing was tasty.

can someone link this i can't seem to find it

http://www.zerohedge.com/sites/default/ ... .11.10.pdf

[chimp_]

thanks

[Shotfrog]

the best was in the thread shortly after lehman went under where mags shows up after like 15 pages of discussion to go "told u so"

Magritte's relentless criticism of GOOG when it was trading around $290 ("You're kidding yourself if you don't short this turd," I believe) is what convinced me never to take stock advice from anybody on the internet. Specific stocks, anyway.

[Totally]

the best was in the thread shortly after lehman went under where mags shows up after like 15 pages of discussion to go "told u so"

Magritte's relentless criticism of GOOG when it was trading around $290 ("You're kidding yourself if you don't short this turd," I believe) is what convinced me never to take stock advice from anybody on the internet. Specific stocks, anyway.

I actually think GOOG is hugely overweight - there is no fukken way they should be valued at twice AAPL, regardless of shares outstanding. GOOG is a lazy proxy for "internet advertising revenue" - when there's time to sort out what's really going on with that company they should take a serious haircut. I'm really surprised they settled this high after the laughable +$700 peak.

[circuitry]

should I call Charles Schwab?

[j2daedubblef]

http://ht.ly/1LgEq

it wasn't a mistype or whatever you all were saying when the market dramatically dropped last wk. it was a money manager dumping a shitload of e-mini contracts in a span of 20 minutes, and they did this purposefully and it was all 100% legal. fyi an e-mini contract is a stock market index futures contract that trades on the CME and has a value of $50 times the value of the S&P 500 stock index. so basically i guess this just further proves we need more regulation in the markets. now every time some shit like this happens its over some new financial thing the common man has never heard about (packages of sub prime mortgages/credit default swaps) that the institutional traders came up with to further milk the system, while the govt turns a blind eye cause they get a cut. meanwhile the people getting fucked are us idiots. i could keep going on about this but i'll just let yall read up on it yourselves.

[j2daedubblef]

can we lose this fucking idiot already

ok, didn't know you guys weren't appreciative. i think i pretty much called last week's volatility 2-3 weeks ago no?

but that's it...im out.

you can find me in the bike thread.

don't get ran off, he just gets mad when people talk about shit that goes over his head.

[gentleman]

[grammatron]

Today was kinda brutal, huh? I've been watching Ford, waiting to see if it was gonna dip down to 10 bucks. I don't really have the money to dump into it, but I had set 10 as a "just fucking buy" price and I'd worry about my family eating next week some other time.

[Totally]

[Broncobama]

let's just not open the market today ok

[Totally]

Days like this should not happen at the beginning of the week. EU has been complete radio silence since last Wednesday, which is completely unacceptable. DJIA fut -220/250, S&P -30/38, EURJPY down another 2.5%, EURCSD hunting 1.205.