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      11-01-2011, 04:05 PM   #419
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Vix fear index dropped from a high of 22-24% today and closed at the end of the day at 16%. This tells me confidence is up a bit. Here's a plus.

There was an approx. 30 million volume after hours. This is nothing as big as the 82 million logged in yesterday's after hours. This tells me the general public of retail investors is still very scared ATM. I speculate it's the pros who are invested ATM. This, alongside every bank stock and Bull ETF being up anywhere from 0.5-2% up in after hours, and I suspect there is a position being built ATM for a rally tomorrow. Here's a second plus.

Thirdly, we just suffered a 5.6% crash for the CAC 40, a 300 point drop for the DOW, and a setback of 35 for the SPX. realize this crash is not based on any tangible problems ATM. They are still speculative sells. Greek bailout should get fixed tomorrow and the markets will correct. There is huge sentiment to buy in on dirt cheap stocks ATM. This is another plus again.

Of all of this, I've just taken a big Long position for tomorrow in FAS. it's already risen 2% in after hour trading. It's fallen 22% for the course of today, so I'm expecting big upside tomorrow. Trade accordingly guys

P.S. always ready to dump and run if trouble looms.
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      11-02-2011, 12:22 AM   #420
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      11-02-2011, 03:36 AM   #421
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Wondering how many of you took my long position advice for today. It's looking very profitable right now.
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      11-02-2011, 08:38 AM   #422
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DOW opened 30 points up and then took off to 160 levels.

Edit: exited out of my long positions now. Nice morning profit. Will be waiting for more direction in markets. Didn't like what I was seeing in the morning.
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      11-02-2011, 10:40 AM   #423
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1220 was the line in the sand yesterday...bullish above and bearish below...1220 held...enough said...mkts move on very short term basis on actual news but on int term and long term timeframe, has minimal input....if anything, charts tell you about the news before it is news.

Always have to think in 3 time frames and have a big picture of what is happening.

Greece causing all this volatility now....just imagine what Italy and Spain are going to do later...but the grand finally is when it hits the US...the first amendment will be tested ...
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      11-02-2011, 12:54 PM   #424
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Thought I would let you all know what is going on with the recovered paper market as it tends to be a sign of how the upcoming holiday season's retailers and suppliers will do.

The most traded form of recovered paper is OCC #11 (cardboard). It has fallen off a cliff and lost about 30-40% (depending on the region) of its traded value from the month of September. The lowest grade of recovered paper Mixed Paper #2 lost almost 50% of it's export value.

This is all based on the Chinese flexing their muscles and attempting to correct the market in their favor. They have completely stopped purchasing US recycled paper and have no intentions of starting back up until they feel as if they have hurt the markets enough to get the prices they want.

Look for the Major Publicly traded Paper companies and Waste haulers to take a HUGE hit in the 4th qtr. On that same token, it also means companies like Georgia Pacific can purchase their mixed paper for next to nothing to turn into low grade products like toilet paper and disposal hand towels.
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      11-02-2011, 01:55 PM   #425
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Question for u wall street folks..when i was there wall street was mostly guard railed up...in certain parts of LA we have similar stuff but not nearly as much...is it always like that (post 911 obviously)?
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      11-02-2011, 09:52 PM   #426
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Load your shorts
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      11-03-2011, 09:09 AM   #427
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Quote:
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Load your shorts
why, cause ES futures was down 15 when you wrote that?...,

well look at this time stamp, ES flat now, I bet we start to rally right now at 7:07 pst.....
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      11-03-2011, 10:10 AM   #428
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why, cause ES futures was down 15 when you wrote that?...,

well look at this time stamp, ES flat now, I bet we start to rally right now at 7:07 pst.....

Underhanded softballs....
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      11-03-2011, 11:53 AM   #429
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Quote:
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why, cause ES futures was down 15 when you wrote that?...,

well look at this time stamp, ES flat now, I bet we start to rally right now at 7:07 pst.....
Mact you know my trading is very agressive short-term intervals

Stocks took a dive in morning and shorts went in the green How have you been doing lately? Did you get back in anything yet?
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      11-04-2011, 01:26 AM   #430
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Quote:
Originally Posted by mact3333 View Post
1220 was the line in the sand yesterday...bullish above and bearish below...1220 held...enough said...mkts move on very short term basis on actual news but on int term and long term timeframe, has minimal input....if anything, charts tell you about the news before it is news.

Always have to think in 3 time frames and have a big picture of what is happening.

Greece causing all this volatility now....just imagine what Italy and Spain are going to do later...but the grand finally is when it hits the US...the first amendment will be tested ...
You are mostly wrong. Greece yes, hit the US no, the central Europe bank will step in prior to that...the union does not want there currency to get less powerful.

The next factor is the US supercommittee schedule to revel their plan on the 23rd..

The last issue is the fear of a double dip recession.

"The first amendment will be tested??"....u must be an "occupier?"

This is the worst "official" thread I have read, don't quit yur day job.
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      11-04-2011, 06:46 AM   #431
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Quote:
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Quote:
Originally Posted by mact3333 View Post
1220 was the line in the sand yesterday...bullish above and bearish below...1220 held...enough said...mkts move on very short term basis on actual news but on int term and long term timeframe, has minimal input....if anything, charts tell you about the news before it is news.

Always have to think in 3 time frames and have a big picture of what is happening.

Greece causing all this volatility now....just imagine what Italy and Spain are going to do later...but the grand finally is when it hits the US...the first amendment will be tested ...
You are mostly wrong. Greece yes, hit the US no, the central Europe bank will step in prior to that...the union does not want there currency to get less powerful.

The next factor is the US supercommittee schedule to revel their plan on the 23rd..

The last issue is the fear of a double dip recession.

"The first amendment will be tested??"....u must be an "occupier?"

This is the worst "official" thread I have read, don't quit yur day job.
Need to clarify, my rant was directed to one member...
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      11-04-2011, 06:57 AM   #432
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Quote:
Originally Posted by mact3333 View Post
1220 was the line in the sand yesterday...bullish above and bearish below...1220 held...enough said...mkts move on very short term basis on actual news but on int term and long term timeframe, has minimal input....if anything, charts tell you about the news before it is news.

Always have to think in 3 time frames and have a big picture of what is happening.

Greece causing all this volatility now....just imagine what Italy and Spain are going to do later...but the grand finally is when it hits the US...the first amendment will be tested ...
I had dinner with Milton Ezrati yesterday and the joke of the dinner was Gold.....I had to admit, I thought of you bashing me and calling me "irresponsible" for saying now is not the time to buy gold.
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      11-04-2011, 06:58 AM   #433
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Quote:
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Question for u wall street folks..when i was there wall street was mostly guard railed up...in certain parts of LA we have similar stuff but not nearly as much...is it always like that (post 911 obviously)?
I will walk over there today and check it out....
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      11-04-2011, 10:10 AM   #434
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For now, just leave then...but try to come back 1-2 yrs from now...then we will talk ok...funny...some see two ft in front of them, some see 3 miles...


BTW, your thoughts on gold were so clueless I know you dont have physical gold and probably never will...chart out the DXY for the past 5 yrs ok....



Quote:
Originally Posted by 335i101 View Post
You are mostly wrong. Greece yes, hit the US no, the central Europe bank will step in prior to that...the union does not want there currency to get less powerful.

The next factor is the US supercommittee schedule to revel their plan on the 23rd..

The last issue is the fear of a double dip recession.

"The first amendment will be tested??"....u must be an "occupier?"

This is the worst "official" thread I have read, don't quit yur day job.
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      11-04-2011, 11:29 AM   #435
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I will walk over there today and check it out....
Keep walking and go troll somewhere else. Mact has been bang on
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      11-04-2011, 12:13 PM   #436
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So margin calls came in for MFGlobal clients. Liquidation will be on Monday. Will wait to see if they can find the funds over the weekend.
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      11-04-2011, 05:03 PM   #437
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Quote:
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Question for u wall street folks..when i was there wall street was mostly guard railed up...in certain parts of LA we have similar stuff but not nearly as much...is it always like that (post 911 obviously)?

Ya it still like this, til the "protest" leaves....
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      11-04-2011, 05:07 PM   #438
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Ya it still like this, til the "protest" leaves....
ugh...all my wall street pics have those gates all over..even the bull as u can see

thanx btw
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      11-04-2011, 06:20 PM   #439
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Anyone get in on Groupon's debut?
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      11-04-2011, 06:27 PM   #440
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Anyone get in on Groupon's debut?
Called everywhere possible to get a hold off those IPO's. But you need to be a Goldman Sachs client with deep pockets and long history. Flipping that stock today would've been hard.
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