Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Friday, September 26, 2008

What creeps me out

is a "buy the rumor" "Sell the news" trade.

10 comments:

Tony said...

I thought you learned to love the bomb.

Your 12-point post makes me think I might be an alcoholic-- thanks.

Tony said...

Gasparino thinks the Republicans will help draft a "better bill." Yeah, right.

Eric said...

LOL

Just be more sausage. You don't want to know what I think. The secret is to get as many banks involved in the reverse auction as possible. So, as few a restrictions on participation the better.

The publicans were hoping for the cap gains cut, but hopefully will just get rid of the "if you own 3% of the stock, you can nominate a board slate" Got to keep those Damn Unions down.

this has me puking to be honest... Too many people are anticipating the rally..... WAY TOO MANY... Gets my contrarian hairs up. and everyone seems to be getting in my trade. I may have to start shorting the regionals soon.... LOL

Eric said...

One of my accounts is a cash account, I'm trying to figure out where the limit is on it so I don't get an SEC voilation as a "Serial Day trader"... there is some limit on how many times I can trade the same issue. I think I'm getting close.... LOL

Tony said...

KRE is up a buck and a half since this am. I might have to take profits before the weekend.

Once this deal is done-- HUGE relief rally.

Tony said...

Christopher Cox has my cell number.

Eric said...

LOL,

I may fuck some people at the close, put in some rediculous limit orders, hope some dope hits them. some institutional dope.

You know how it's been going with everyone expecting the same thing...(relief rally)... it keeps not happening.

Eric said...

Hey...

Joe Teranova has your dollar commodities thesis... how does that make you feel?
:P

Tony said...

He's a paisano. We're never as stupid as we look.

Eric said...

I give you santelli, and gasparino...

but there is some fruit that falls too far from the tree.

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