Like their 401K's trying to blow up..... and the idea that it happened on their watch.
What is mind blowing is that the market is going to have to price this info into the market in a matter of hours.
Thursday, September 18, 2008
Nothing brings thos assholes on capital hill together
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16 comments:
Who wants to play true musical chairs now?
Did you misinterperate that when I said "Puke" I meant that we were going to have a "Knife Catching" Session?
No, no.
What I meant is - if there are no shorts, it really becomes a game of the musical chairs (geez, with lipstick on the pig, where's one cliche there's another)
because you'd have to buy hoping someone buys it from you higher and at some point it all has to collapse.
Am i misunderstanding this? How can the market function if it's not allowed to correct?
I'm not sure that is an "official part of the plan" and if it is it's only financials.
It's dangerous, but it will find sellers, without shorts. Just like short momentum ends, so does Bullish. But I imagine it will take longer. And even with the uptick, things still corrected. This should slow things down.
You know, I've said it before.
I'm a Classic Supply Demand guy, I very much believe in markets.
But BUT BUT BUT....
with short selling, Both Intraday, and in general. You can sell more stock than exists. and in a "PURE market Way" This defy's the laws of supply and demand. and is not Healthy, and is not a healthy market.
One can argue that they have to "Buy the shares back" so there is a "re balance" but if you drive a stock to Zero, then it won't re balance.
So wouldn't enforcing naked shorting better help?
Like - settle trades within 1 day for example. I don't know.
Seems extreme.
I'm coming to terms with it. Planning some long trades even.
It's hypocritical though that they only started worrying about this shorting when it affected the financials.
So many other good companies have been run into the ground by this, and did they care? no.
i know you already said it.
in canada naked shorting is rampant, especially in junior mining companies. sore spot!
LOL Hong Kong is up 9%. does it mean they finish at +0.5%?
It's too much for me to sort through.
"Short selling is Healthy"
But they do need to deliver, which adds extra work for the brokers, which It's probably not the traders fault, but the Brokers. Too many brokers don't give you "Can't find shares". Most of them are just lazy and probably just don't deliver shares because they are lazy.
The point of having stock is to be able to use it to raise capital when you need it. and for stocks that have more debts than assets(financials), If the minute they have trouble, suddenly they get pushed to .10, Why be public.
It's not the financials fault that they are all leveraged... that is the way the shell game that is capitalism, is played.
Without financials having more leverage than assets, our economy would never get any momentum.
To be a Financial is to be Leveraged.
and to have based on the high leveridge and no way to defend itself, Financials can get skrewed by the "shorts" way to fast.
and without the uptick rule, It just happens so fast. GS was down 40% in one day.
sure some of them were "over leveredged" and moreover refused to "De-Lever" The reason Banks work, and help the economy, is because of the Leverage.
But it's Not taking the contraction that is the problem.
It's that Wallstreet needs to be half it's current size, and just refueses to contract, that is the problem.
Deleveridge is a bitch.
Hope you get some rest.
I still need to analyze my mistakes.
are you at least playing with trendlines?
you have to work out your own system... something that works for you...
so I push my system on you, like a troll.
I've been trying to point out the system with the trend lines.
I SEE it but then I rush into trades.
Impatience is my only enemy, I'm not really this stupid. Just jump the gun a lot of times.
I used to always feel like free cash in my account was missing "making money"
Not that you should take my advice.
but the real difference in my timing was when I stopped trying to "Top Tick". and just looked for the "Clear Reversal" That in the charts I just posted, is when It's clear it has broken all the trends. and is moving into higher highs
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