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  1. M

    This is the last move for Crude --shaping up just like the wheat trade!

    No reason it has to fall precipitously and pretty unlikley given the fact that the recession already seems to be over, it is just as likley to find a new plateau which is why I prefer a play on the effects of high oil. Early days yet though, I agree with you on that.
  2. M

    This is the last move for Crude --shaping up just like the wheat trade!

    So what is the real oil play, short EMs? Setting up for a failed retest of the top in EEM? I think the trade has possibilities.
  3. M

    Pabst's Blue Ribbon Trades

    Ditto
  4. M

    Ben Bernanke: Someone pay him to go & study the Great Depression or do anything else

    http://online.wsj.com/article/SB121001844532568435.html?mod=hpp_us_whats_news The program seems like it is working just fine according to this chart: http://countrywide-foreclosures.blogspot.com/ They really don't get it, prices are at unsustainable levels and short of putting the whole...
  5. M

    You Lucky Bastards: FMD

    I don't really have a target for FMD, too many unknowns at this point but I think that owning FMD and SLM here is a good play for the next 6 months, the combinded position should outperform the market significantly. Students will get the funding they need either on the Federal side or the...
  6. M

    You Lucky Bastards: FMD

    Guess I am the only sucker still left in FMD :) DOW JONES NEWSWIRES First Marblehead Corp. (FMD) announced plans to cut its annual operating costs by $200 million, with 500 jobs already cut by the ailing student lender as it deals with the turbulent market. The move, which affected...
  7. M

    Free Mentoring

    You're a class act BrandonF, best wishes to you.
  8. M

    Quitting Trading

    First let me say you are one hell of a unique and tenacious individual, very few people could stick it out for 8 tough losing years AND against the advice of everyone around them. Respect. If I were in your position I would stop trading immediately. I would get a job ASAP, something that...
  9. M

    Do you want to hear something histerical about real estate.

    $215K, and if he had sold 10% ago he would have saved a "fortune"? Everything's relative I guess. As far as house prices holding I suggest waiting until the summer selling season is fully underway before making a judgment either way. Looking at a very affluent "recession" proof area of metro...
  10. M

    IBKR (Interactive Brokers) getting POUNDED!!!!!!!

    Nice balls of steel trades Atticus and Szeven :)
  11. M

    is Bush on drug? f*k weird

    I imagine he has a few more things on his mind these days than he did when he was running for gov of TX. Perhaps he also knows that as Prez he has to choose his words very carefully as they carry more weight.
  12. M

    Max Account Size that May Be Doubled Consistently in a Year

    Dumb and Dumber alert!
  13. M

    Wal-Mart Rations Rice, this is out of control...

    A years worth? You are either like me and eat very little of the stuff or you are a bit of a nut!
  14. M

    Wal-Mart Rations Rice, this is out of control...

    I just let our housekeeper know to prepare some Cali and Unagi rolls for lunch. We've had a large bag of Nishiki sitting in the pantry for a long time and I don't want to be accused of hoarding!
  15. M

    Gangsters manipulating oil price...

    If this is even half true then the solution is easy. These guys are stupid and greedy and no doubt are leveraged to the hilt if they think they have control. Triple margin requirements overnight and if its is speculators or criminals trying to corner the market the price will collapse. If it is...
  16. M

    Is it true that the US military consumes as much oil as the whole civilian economy?

    Not even close http://www.energybulletin.net/29925.html
  17. M

    You Lucky Bastards: FMD

    I don't think so as yesterday the market was up more than today and we all know what happend to FMD. I think yesterday the momo money looking for a quick score left the stock in search of real momo like the techs goog and bidu etc. Yesterday and today I suspect that we saw buyers with a longer...
  18. M

    You Lucky Bastards: FMD

    Considering the BOA news yesterday today's action and volume was pretty good.
  19. M

    Trader P/L 2008

    +77K (expired Bull puts spreads put on end of March).
  20. M

    Timing Journal

    Lets try MOS again. Short 136.25 STOP 140 Target 126
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