Wednesday, August 15, 2007
Fly Buy: UNG
I bought 2,000 UNG @ $45.45.
UPDATE: I bought 1,000 UNG @ $43.69.
Disclaimer: If you buy UNG because of this post, Al Sharpton will be elected President. And, you may lose money.
UPDATE: I bought 1,000 UNG @ $43.69.
Disclaimer: If you buy UNG because of this post, Al Sharpton will be elected President. And, you may lose money.
Comments:
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Seriously, what the fuck? I just bought some 30 minutes ago. How far down do you let it go before you add more?
Your Commander-in-Chief.
http://www.libertyfilmfestival.com/libertas/wp-content/uploads/2007/04/al_sharpton.jpg
http://www.libertyfilmfestival.com/libertas/wp-content/uploads/2007/04/al_sharpton.jpg
Hey everyone, this market has got to be reversing and going UP because that's what my indicators are telling me. It is so oversold. We are due for a bounce, a V-bottom recovery. I will not accept anything less, won't look at anything different and refuse to listen to your bullshit otherwise.
(For you of low IQ, that was sarcasm)
If you are a trend follower, you gotta be betting on the downside right now or in cash and hedged. Otherwise, you're just gambling on a bounce. Good luck, odd-lotters and paper-traders. Obviously, you've never lost real money before.
Fly --You guys must be desperate for some profits, trading on weather patterns---funny!
(For you of low IQ, that was sarcasm)
If you are a trend follower, you gotta be betting on the downside right now or in cash and hedged. Otherwise, you're just gambling on a bounce. Good luck, odd-lotters and paper-traders. Obviously, you've never lost real money before.
Fly --You guys must be desperate for some profits, trading on weather patterns---funny!
My guess is someone just canceled Hurricane season and shut off the hurricane maker. Fly go back in time and turn it back on.
# posted by 
: 12:20 PM
: 12:20 PM
I told you guys, you buy the Nat Gas contract and the locals can smell you. They are shady like that. They just sold into the rally to pay for a nice steak at Mark Joseph.
Crude--
Not so fast. I'm not done, neither is Dean.
I'll send my weatherman to go investigate Dean.
Back to the Mash style chopper he goes.
Not so fast. I'm not done, neither is Dean.
I'll send my weatherman to go investigate Dean.
Back to the Mash style chopper he goes.
Woodshedder--
No, Dikooti is someone I would rain down hammerfists and reverse crescent kicks on. That is how I solve problems with people I don't like. You outta try it. Much more satisfying. It sure beats verbal wrestling and trading insults.
Up until July 27, I was a general bull. Now I've turned bearish. Trend followers do that every now and then.
jakegint--you're quick
No, Dikooti is someone I would rain down hammerfists and reverse crescent kicks on. That is how I solve problems with people I don't like. You outta try it. Much more satisfying. It sure beats verbal wrestling and trading insults.
Up until July 27, I was a general bull. Now I've turned bearish. Trend followers do that every now and then.
jakegint--you're quick
Stockhead, just bustin balls. You comment to M was dikootiesque. I'm bearish here too, for the same reason.
Early Afternoon thought: Energy stocks trading like there is no hurricane threat and crude and products are going to get whacked. Metal stocks suck and Biotechs, Big Pharma, trading like an economic slowdown ahead.
Maybe you've seen or heard about this already?
NEW YORK (HedgeWorld.com)—Money market funds are supposed to be safe havens, places where hedge funds and others put cash balances as a precaution in volatile markets. So it came as a shock to people in the industry when it recently emerged that these refuges contained, of all things, rarely traded structured notes based on subprime mortgages.
Sentinel Management Group Inc. is only the latest in a line of cash funds now suspending redemptions or shutting down. In the current market, nearly frozen with mortgage-related panic, selling mortgage-backed assets means big losses.
HedgeWorld broke this bad news about so-called "cash" a couple of weeks ago, when for instance Oddo Asset Management closed several cash funds.
According to a report from Reuters on Tuesday [Aug. 14], Sentinel warned its clients that withdrawals could trigger liquidation of securities at steep losses. The firm's request to be permitted to block redemptions was denied by the Commodity Futures Trading Commission on the grounds that the regulator has no authority to grant such permission.
Other types of money managers may make a strong case that they should not be forced to sell off under duress and instead should be allowed to wait for markets to calm down. But Sentinel did not manage a hedge fund with locked-up capital; it managed what its clients, including hedge funds, regarded as their cash—money that was supposed to be available fast, usually within a day.
Sentinel was not the first and it won't be the last manager in this position, said Jill King, vice president and senior portfolio manager at Chicago-based Horizon Cash Management LLC. Other money managers also have highly structured securities like collateralized debt obligations in their portfolios.
Ass-bags!
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NEW YORK (HedgeWorld.com)—Money market funds are supposed to be safe havens, places where hedge funds and others put cash balances as a precaution in volatile markets. So it came as a shock to people in the industry when it recently emerged that these refuges contained, of all things, rarely traded structured notes based on subprime mortgages.
Sentinel Management Group Inc. is only the latest in a line of cash funds now suspending redemptions or shutting down. In the current market, nearly frozen with mortgage-related panic, selling mortgage-backed assets means big losses.
HedgeWorld broke this bad news about so-called "cash" a couple of weeks ago, when for instance Oddo Asset Management closed several cash funds.
According to a report from Reuters on Tuesday [Aug. 14], Sentinel warned its clients that withdrawals could trigger liquidation of securities at steep losses. The firm's request to be permitted to block redemptions was denied by the Commodity Futures Trading Commission on the grounds that the regulator has no authority to grant such permission.
Other types of money managers may make a strong case that they should not be forced to sell off under duress and instead should be allowed to wait for markets to calm down. But Sentinel did not manage a hedge fund with locked-up capital; it managed what its clients, including hedge funds, regarded as their cash—money that was supposed to be available fast, usually within a day.
Sentinel was not the first and it won't be the last manager in this position, said Jill King, vice president and senior portfolio manager at Chicago-based Horizon Cash Management LLC. Other money managers also have highly structured securities like collateralized debt obligations in their portfolios.
Ass-bags!
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