The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
 | | 
02-06-2009, 09:51 AM
|
#1526 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
|
^based on BAC CEO buying 1 mil shares, and a false rally because Jobless claim is so crappy, that Uncle Sam is bound to do something over the weekend
these 2 points make it extremely dangerous to hold, way too many uncertainties and no principle change in the market condition. Day trade at best.
__________________ Quote:
Originally Posted by Fei-Ji  haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| 
|  | |
02-06-2009, 10:44 AM
|
#1527 | | I don't get it
Join Date: Mar 2003 Location: vancouver
Posts: 416
Thanked 22 Times in 5 Posts
Failed 0 Times in 0 Posts
|
hey wouwou, what are your thoughts on bac/citigroup? you think those are a good hold for the weekend since the stimulus plan voting is tonight?
| |
| | |
02-06-2009, 10:53 AM
|
#1528 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
|
Personally I wont, I consider any long term holding of C/BAC to be gambling right now, you might as well get FAS and hold it if you REALLY REALLY want to, but with the recent Fed moves such as FRE, FNM, TRAP, CEO .5 Mil restriction etc, as well as the lowering yield on the C's hybird bonds all indicate a realistic probability of BAC being nationalized, in which case all commons and perferred will be literally wipeout. It dropped 11% last month, more than it did in 2008. Similar to BAC bonds too.
I am waiting for FAZ to lower into the 30s and I might get a few  No underlying change, increasing spending with no foreseeable end to the drop in the near term = false rally. It will probably hit 250, even 300, but I dont think in the near term it will turn the market.
just my 2 cents.
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| |
| | |
02-06-2009, 11:20 AM
|
#1529 | | Wunder? Wonder?? Wander???
Join Date: Jul 2002 Location: Vancouver
Posts: 223
Thanked 2 Times in 2 Posts
Failed 0 Times in 0 Posts
|
This financial rally is based on the eliminating mark-to-market rumor. We'll find out soon enough if that's true, but i wouldn't buy any financials at this point.
What will hit 250-300 wouwou? no way FAZ will reach that mark lol..
__________________
Boo
| |
| | |
02-06-2009, 11:55 AM
|
#1530 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
|
I meant DOW, not FAZ. I know I should be watching S&P, but I find myself better at reading the overall market trend with DOW for some reason.
It's still Friday morning, I am not THAT drunk to think FAZ will hit 250, well not yet lol
As for the Mark to Market rumor, I see that as a way to put the bad bank online without too much of a negative fallout. I believe that rumor came out yesterday or on Wednesday and BAC instantly went positive, from a double digit read lol
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| |
| | |
02-06-2009, 01:24 PM
|
#1531 | | I don't get it
Join Date: Mar 2003 Location: vancouver
Posts: 416
Thanked 22 Times in 5 Posts
Failed 0 Times in 0 Posts
|
Sold off half the shares...and kept what i can afford to lose. Regardless thanks for your 2 cents.
| |
| | |
02-09-2009, 08:17 AM
|
#1532 | | My homepage has been set to RS
Join Date: Nov 2002 Location: vancouver
Posts: 2,094
Thanked 116 Times in 34 Posts
Failed 5 Times in 3 Posts
|
Anyone in bac this morning?
__________________ Quote: Originally posted by Red_One
Selling two tickets. Section 102 Row 13. Behind the Canucks net for 1st and 3rd periods. $210 for the pair. | Quote: | Originally posted by phatboyWhat about the 2nd period? | | |
| | |
02-09-2009, 11:51 AM
|
#1533 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
|
I am
shorted some @ 7, just to see 
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| |
| | |
02-10-2009, 12:50 AM
|
#1534 | | My homepage has been set to RS
Join Date: Nov 2002 Location: vancouver
Posts: 2,094
Thanked 116 Times in 34 Posts
Failed 5 Times in 3 Posts
|
Hpefully we hear some positive results tomorrow!
__________________ Quote: Originally posted by Red_One
Selling two tickets. Section 102 Row 13. Behind the Canucks net for 1st and 3rd periods. $210 for the pair. | Quote: | Originally posted by phatboyWhat about the 2nd period? | | |
| | |
02-10-2009, 08:30 AM
|
#1535 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
|
Jackpot
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| |
| | |
02-10-2009, 08:50 AM
|
#1536 | | I don't get it
Join Date: Mar 2003 Location: vancouver
Posts: 416
Thanked 22 Times in 5 Posts
Failed 0 Times in 0 Posts
|
i got the fuck out in the open lol!
| |
| | |
02-10-2009, 08:52 AM
|
#1537 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
|
my short got eaten up @ 5.8 stop ah crap.
looks like FAS time now
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| |
| | |
02-10-2009, 09:14 AM
|
#1538 | | I don't get it
Join Date: Mar 2003 Location: vancouver
Posts: 416
Thanked 22 Times in 5 Posts
Failed 0 Times in 0 Posts
|
the senates vote is coming out soon...wonder what will happen.
| |
| | |
02-10-2009, 09:24 AM
|
#1539 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
|
we all know it will pass given the Dem's majority control, it's just what they are going to do to the financial institutes that matter.
What Geithner said amounts to nothing, ABSOLUTELY NOTHING. That's why it dropped 270 in a second. only 2 things can boost the market right now, either 1, bad bank, a short term "feel good" treatment that will eventually fail, or 2, do to BAC/C what they did to FNM/FRE, which will literally wipeout the common.
Neither is mentioned, so nothing is going to change.
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| |
| | |
02-10-2009, 10:08 AM
|
#1540 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
|
Stim passed, and it looks like the 8000 support is broken
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| |
| | |
02-10-2009, 10:54 AM
|
#1541 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
|
and Jim Rogers just bashed the plan lol
that's like Cramer saying "buy the banks"!
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| |
| | |
02-10-2009, 11:11 AM
|
#1542 | | I *heart* Revscene.net very Muchie
Join Date: Sep 2004 Location: Vancouver
Posts: 3,577
Thanked 13 Times in 8 Posts
Failed 4 Times in 4 Posts
|
lol@the market
| |
| | |
02-10-2009, 12:25 PM
|
#1543 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
|
very happy today.
Now only if FAS hits 7s, I am gonna load up
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| |
| | |
02-11-2009, 01:58 PM
|
#1544 | | Unauthourized Spammer
Join Date: Jun 2005 Location: .
Posts: 494
Thanked 64 Times in 20 Posts
Failed 0 Times in 0 Posts
|
I'm starting to like this FAS shit.
I shorted the shit out of that at 11.20 - 11.31 spread on Monday afternoon and yesterday it was near $8 and I pulled out like a porn star.
I purchased again first thing in the morning and it's up $0.50 cents.
I usually only trade futures but this is harsh giving me a boner.
| |
| | |
02-11-2009, 07:54 PM
|
#1545 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
|
well it is a 3x ETF
on a good day it is better than SEX
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| |
| | |
02-12-2009, 12:02 PM
|
#1546 | | I don't get it
Join Date: Mar 2003 Location: vancouver
Posts: 416
Thanked 22 Times in 5 Posts
Failed 0 Times in 0 Posts
|
fas looks really good now...good time to enter?
im pretty sure faz owner will be selling soon.
Last edited by 1.7El_guy; 02-12-2009 at 12:09 PM.
Reason: thoughts
| |
| | |
02-12-2009, 12:17 PM
|
#1547 | | I don't get it
Join Date: Mar 2003 Location: vancouver
Posts: 416
Thanked 22 Times in 5 Posts
Failed 0 Times in 0 Posts
|
damn got out too early...that was crazy.
Last edited by 1.7El_guy; 02-12-2009 at 01:10 PM.
| |
| | |
02-12-2009, 01:22 PM
|
#1548 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
|
FAS @ sub 9 is still considered good you know
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| |
| | |
02-12-2009, 06:39 PM
|
#1549 | | I answer every Emotion with an emoticon
Join Date: Jul 2006 Location: V
Posts: 7,849
Thanked 656 Times in 326 Posts
Failed 190 Times in 91 Posts
|
questions for you guys who buys FAS and FAZ
is it just like any other stock that i could place an order for? and do these stocks have an expiry date?
it seems like you guys are making tons of money from these things!
| |
| | |
02-12-2009, 07:35 PM
|
#1550 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
Thanked 160 Times in 74 Posts
Failed 57 Times in 18 Posts
|
yes, the same you buy say AAPL, GOOG
and
kinda, read up on leveraged ETFs about the decreasing NAV over time.
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
| |
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 08:10 AM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
