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As I wrote previously back in August, it smelled really fishy that RBC Capital kept upgrading POT - target $340. Fundamentals, potash shortage, "people gotta eat", whatever. Plus JP Morgan, BMO, and UBS were pumping it. You know what happens next. I sold my SMN too soon at $47-ish and...

Add rating agencies to the list: MCO and MHP You can still buy puts. These rating agencies rated AAA to many junk securities and then downgraded them when it's obvious. Their revenue will absolutely decline as there'll be less demand for securitized products, which translates to less...

I'm okay with the rest, but do you guys seriously think that Citi will survive?

May I add this one? Possible or no? :D MCO - Sept 18 Moody’s Corporation CFO: Our balance sheet and capital position remain strong - conf comments

I got out too soon at $7 didn't sell at the top at $10 hehehe what a scary stock. The next trade is short rating agencies MCO and MHP next week. Lots of angry ABK and MBI shareholders it seems.

I don't know if it's the right time to call bottom yet when Alt-A and even Prime went bad.

The number was very much overstated. Unbelievable. Every effort to keep the system from collapsing.

Agree. By the way MON already lost its 200ma support. Smells fishy too, as on their way down, analysts desperately upgraded these fertilizer stocks. My friend told me about analysts making similar call about QCOM (correct??) going to 700 or something back in 2000.

If you want something less volatile, try SKF's little sister - SEF. It's without the 2x leverage. The same company (Proshares) launched it this June. It's new so volume is spooky low. About the 2x leverage -...

MER seems pretty desperate for cash despite their previous statement about them not needing a capital raise. FWIW, I believe C did the same deal with Blackstone, TPG, and Apollo group. Citigroup sells the debt and provide the financing. That was back in April.

Wow! That's awesome. Keep averaging down, please :D We like your style. http://www.elitetrader.com/vb/showthread.php?s=&threadid=132816

vhehn and RiceRocket already voiced their opinions. Final decision is yours :p Or buy puts to protect yourself.

By the way - charts don't (usually) lie, but people do. I've had my rather expensive lessons in the past. I'd take a look at the chart first.

This is just my personal opinion - Don't ever buy immediately on upgrades. Usually what they did is they bought the stock first, then announce the upgrade. Think about it - if they need to sell, there has to be a buyer. Ever check those "conviction buy/sell list" and what happens afterward? :)...

How about "buy, hold, and pray"? Is that better? :D

The Kin... we have some "good" news: 1. Housing bailout bill passed 2. Oil came down 3. Durable goods order up "unexpectedly" 4. Home sales "beat estimates" 5. S&P should go to 1310 - 1320 first. It may happen, although I have some doubt it will happen within the timeframe you specified...

I doubt you can borrow the shares easily though. FWIW, insider has been selling and selling.

Hmm.. I'd be a little cautious here :) It may rebound a bit, but in a bear market this momo play have plenty of juicy meat that can be eaten. Look at the sell volume today.

That's fine. Let's just play the tape just like March - May :D Just a reminder, JPM's Dimon said that prime is in trouble. Read AXP's CC (I read it in Forbes) - people with higher credit score > 650 are showing some problems too. I almost fell off my chair after I read that.

Here's Goldman Sachs Water Conference webcast PDF. Could water (infrastructure, waste water management) be the next big thing? 1. http://www.ge.com/files/usa/company/investor/downloads/webcast/webcast_presentation_03262008.pdf 2...