Search results

Edit: Never mind. Short term I wouldn't play it.

Apparently MER hedged with ACA Capital but they longer appear to be solvent with the recent downgrade to junk status. Several banks are going to try and prop up ACA. MER is on the hook for $3 billion if ACA goes under.

Just about anyone else will do. Tweedle Dum (couldn't resist).

Nope, Amanda is not hot.

Man look at her. She's watching herself in the camera. "I know you guys are looking at them". "I know you want them". "Don't cha wish your girlfriend was hot like me..."

Man, I'm really glad I didn't play this one for a long term recovery using LEAPs. Up till now people were saying they were not overly exposed to the riskier CDOs. ERRRR, WRONG. MBIA says it has $30.6 bln exposure to CDOs Edit: but it is affecting my other play, MER. :(

I clicked on another youtube video. It's fairly obvious that either she or the network is accentuating her "assets". Big boobs are nice but if the stomach isn't flat, fuggeddabbuottt.

This thing is going down.

It's all about risk management. But then again, there are times when you just feel the solar alignment is in place and you have to go for it. Case in point, GS bet against subprime. It's how people get rich. What kind of hit did you take? $10-20k?

I see nothing wrong with what they did. Most people are angry with them because they did very well. But I doubt anyone would sympathesize with them if they had lost a great deal of money. Case in point, Citigroup, Merrill, Morgan, UBS, Bear Stearns, et al. Most people would point to these...

What's amazing to me is that the traders were taking home just 10-15 million. Considering typical funds do 2 and 20, it's no wonder these guys eventually go out on their own.

How Goldman Won Big On Mortgage Meltdown

Rollover day is a volatile day. Just from observation, I was trading the er futures and every time an attempt was made to rally, the selling shot it down. If you realize that early on, you should have been shorting all day. Any buying was weak and limp. Typically I found it hard to...

Today was a very choppy day. Any buying was met by sharp selling. So basically the market dynamics changed today and you couldn't adjust. What you were doing somewhat successfully before, probably worked best in a slow trending market. Widening your stop loss on the spur of the...

What it illustrates is how out of touch the Fed is with the market. They actually thought their 25pt cut and blase press release would not roil the markets.

Looking at the market action, it looks like shorting the open would have been a great move. Could be some big players trying to bring it down to get out of their shorts.

Sure, some people got an early Christmas present. But some probably went short term bearish to capitalize on a continued move down. I'm not a counter trend trader so I won't be fighting the trend.

The actions by the Fed seems amateurish and ham-handed. They should be trying to ensure orderly market movements. Surprising the markets with these announcements is just increasing market volatility. Why couldn't they have announced this news yesterday with the rate cut? What's likely...

Yeah, right. Everyone was just waiting for the Fed to unveil this brilliant move. The only happy people are the ones that bought at the close and held in hope for a rebound today.

After the big drop today, AAPL held tough with only like a 0.5% drop. Eventually it went down when the selling continued. But definitely worth grabbing some if the markets drags it back down.