Thursday, August 02, 2007
Laughing Bears
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Why isn't anyone complaining about that rule that allows buyers to come in and take stocks up without waiting for a downtick? Fly Fly, wherefore art thou?
Fucking bulls expect a market rigged to make it easier to go up than down .. they don't like a level playing field.
Fucking bulls expect a market rigged to make it easier to go up than down .. they don't like a level playing field.
CLX will be fine
Bruce--
I think you should recognize the difference between panic selling and panic buying.
For one, people do not panic buy in the same frenzied manner they sell.
Everyone knows, the moves down are far more severe than up.
Furthermore, it is the exchanges responsibility to maintain order, even if it means a philosophical bias towards progress.
Lets not kids ourselves, the destruction of wealth is far more dangerous than creation.
Bruce--
I think you should recognize the difference between panic selling and panic buying.
For one, people do not panic buy in the same frenzied manner they sell.
Everyone knows, the moves down are far more severe than up.
Furthermore, it is the exchanges responsibility to maintain order, even if it means a philosophical bias towards progress.
Lets not kids ourselves, the destruction of wealth is far more dangerous than creation.
The uptick rule for shorting was a part of the Secuities and Exchange Act of 1934 and was a direct result of the 1929 crash. The rule really was obselete with all of the various trading instruments out there plus with the ETFs the uptick rule never exsisted.
Big money who trade the old school way on Wall Street will make 4x more money now. That's why the rule changed. Also, all the brokers will make additional revenue from the commission that it drives. Have you not noticed the volatity increase since?
Lio diCrappio is soooo dreamy.
How many take you think he took to fire that whistle without overtly flinching.
No, Lee-- really, they're caps. Yes, I promise.
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That other dude, from Gladiator, he rocks though.
How many take you think he took to fire that whistle without overtly flinching.
No, Lee-- really, they're caps. Yes, I promise.
___________
That other dude, from Gladiator, he rocks though.
With all due respect, this shorting on downtick thing is totally overblown as an issue. It's another excuse used by bulls to explain away weak action.
The market is weak because lots of trigger happy fuckwits with 2 hour attention spans don't see the trees for the forest and are panicking or getting margined out. Simple as that. When all the chickenshit littles realize that mortgage woes aren't bringing the world economies down, this shit will end. Let the fuckers short if they will. More fuel for the rally when people finally figure out the world isn't coming to an end. And guess what? Brazil, India, China, the rest of Asia is still growing like gangbusters.
The market is weak because lots of trigger happy fuckwits with 2 hour attention spans don't see the trees for the forest and are panicking or getting margined out. Simple as that. When all the chickenshit littles realize that mortgage woes aren't bringing the world economies down, this shit will end. Let the fuckers short if they will. More fuel for the rally when people finally figure out the world isn't coming to an end. And guess what? Brazil, India, China, the rest of Asia is still growing like gangbusters.
Oh.
And Jennifer Connolly. Don't forget about Jennifer Connolly.
Never, never forget about her.
(self-hit. self-hit)
And Jennifer Connolly. Don't forget about Jennifer Connolly.
Never, never forget about her.
(self-hit. self-hit)
Harry "Godzilla" The Horse.
The EWZ has doubled in two years. Not bad.
AIG looks like a good buy here?
The EWZ has doubled in two years. Not bad.
AIG looks like a good buy here?
I read somwhere last week that AIG has several billion $$ of low quality subprime debt in their portfolio.
Mike,
That obsession thing again? Get yourself a boyfriend. Craigslist, maybe?
Steve,
I don't know WTF you're talking about. Nobody said anything about it being different. Last time I checked valuations in this market look pretty reasonable. This isn't 2000 with dot-coms with no revenues trading in the billions. So maybe go fuck yourself.
That obsession thing again? Get yourself a boyfriend. Craigslist, maybe?
Steve,
I don't know WTF you're talking about. Nobody said anything about it being different. Last time I checked valuations in this market look pretty reasonable. This isn't 2000 with dot-coms with no revenues trading in the billions. So maybe go fuck yourself.
cuz I've loved it forever and it's up big on earnings. your dad has clearly paid the cost to be the boss, congrats to him
This sub prime sitshuation is not ending anytime soon.
I get the uneasy feeling that there is going to be some major scale bullshit coming down the pike. In other words you aint seen nothing yet.
In the Midwest we have regional banks that are foreclosing-- not on the subprime homeowner but rather the small time homebuilder who is belly up. The Banks are now in the Real Estate Business.
I get the uneasy feeling that there is going to be some major scale bullshit coming down the pike. In other words you aint seen nothing yet.
In the Midwest we have regional banks that are foreclosing-- not on the subprime homeowner but rather the small time homebuilder who is belly up. The Banks are now in the Real Estate Business.
I don't know harry maybe it's just because you talk so much and you have nothing to say. For some reason, it gets under my skin. Just so this board knows, I may just very well be harry the horse instead of Mike, or JJ, or Dan, or bruce, or mrkcbill, wait and see.
Boone- I just checked his account. He has 300 shares of it. Not bad for a days work, and I think he has held it since before it based out over the last few months. He likely has a nice percentage gain. My old man is a good investor, as he can hold on to things forever, but I beat him every year because he sometimes holds on too long.
fly are you concerned that stable stocks like clx is dropping 6.5%?. I believe you said it before that you buy stokcs like clx and leverage the shit out of it. I'm assuming lots of other big money folks are thinking along the same lines. If it goes down too much wouldn't it cause margin calls and cause a domino effect?
You do remember what Keynes said right: Markets can stay irrational lot longer than I can stay solvent.
You do remember what Keynes said right: Markets can stay irrational lot longer than I can stay solvent.
Wait a sec!
Shed's Dad is Jesse Livermore?
Schit, no wonder he's so good!
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C'mon Legg you farking Baltimorean Afterthought, Legg one out!
Shed's Dad is Jesse Livermore?
Schit, no wonder he's so good!
__________
C'mon Legg you farking Baltimorean Afterthought, Legg one out!
I don't know who is mimicking me but that last comment about palladium came from another Harry the Horse, not the original. So be it - I have an admirer :)
Fly,
Not sure if you saw the "Stop Trading" segment on CNBC but they talked about "bear raids" and the "no-uptick rule". I have the main points summarized here.
-DT
Not sure if you saw the "Stop Trading" segment on CNBC but they talked about "bear raids" and the "no-uptick rule". I have the main points summarized here.
-DT
Dino-
CNBC is mushugennah, but I gotta say I like that Irish lassie Erin Burnette.
From that same link (one down), this ain't exactly Irish Lassies, but we can file it under:
Props to tha Heritage!
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CNBC is mushugennah, but I gotta say I like that Irish lassie Erin Burnette.
From that same link (one down), this ain't exactly Irish Lassies, but we can file it under:
Props to tha Heritage!
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