ES Journal Archive (2006 - 2008)

[blackchip]

from yesterday - like to be a fly on the wall at these meetings

WSJ

A downgrade at MBIA could trigger downgrades of the $673 billion in debt it guarantees. Further downgrades of bond insurers also may force banks to take another $40 billion in losses this year, Oppenheimer analyst Meredith Whitney said in a report released Wednesday.

Quote from gwac:

Fundamentally speaking

Horrible jobs
insurance problems
Subprime housing
What other lending market troubles next
Housing not stable yet
No sigh of economy rebounding

I am short and will stay short for a medium term trade.

1422 stop

1260 target.

 

[ammo]

The fed and paulson can prop this up all they want,if the consumers arent spending this will go lower. If u put a $1000 wedding dress on a mannequin,someone will buy the dress, no one will marry the mannequin, imagine the wedding night.

 

[gwac]

The spending is a real issue. Cannot use house as a piggy bank anymore. Borrowing is harder, jobs are now being lost. I wonder just how the situation is going to improve anytime soon.

Quote from ammo:

The fed and paulson can prop this up all they want,if the consumers arent spending this will go lower. If u put a $1000 wedding dress on a mannequin,someone will buy the dress, no one will marry the mannequin, imagine the wedding night.

 

[Buy1Sell2]

Raising my entry here for a short swing trade to under 1331.50.

This is up from below 1310

 

[gwac]

They are doing their best to keep this up for open, this is like a balloon that keeps getting blowing up. It will burst before the
day is done.

Quote from Buy1Sell2:

Raising my entry here for a short swing trade to under 1331.50.

 

[gwac]

sold more here

Quote from gwac:

They are doing their best to keep this up for open, this is like a balloon that keeps getting blowing up. It will burst before the
day is done.

 

[Buy1Sell2]

Quote from freehouse:

Meanwhile, B1S2 is out enjoying a few drinks. This is all noise for him!

This was actually a true statement.

 

[Buy1Sell2]

Quote from elovemer:

.... b1s2 .... what is your stop on your short ?
..... nice trading....

... a lot of trading careers ended when a meteor struck the earth.....

not TickQuest NeoTicker
not http://www.tickquest.com
not NeoTicker Blog http://blog.neoticker.com

Porgie, I still have my stop in the1440's

 

[Buy1Sell2]

Quote from gwac:

They are doing their best to keep this up for open, this is like a balloon that keeps getting blowing up. It will burst before the
day is done.

Market is not quite ready yet to sell off again. It may be a few days yet.

 

[gwac]

agree

That is why this is a med term trade with a large stop and target.
I can afford to wait on this one.

UOTE]Quote from Buy1Sell2:

Market is not quite ready yet to sell off again. It may be a few days yet. [/QUOTE]