Posts tagged it
That Settles it: Charles (Charlie) Gasparino is being paid by shorters.
Sep 18th
Once again he does it, Morgan was doing just friggin fine, then Charles (Charlie) Gasparino gets on the CNBC “for Sale” airways, and he ruins a stock that would have recovered if he hadnt reported.
I owned shares of Morgan Stanley (MS:NYSE) overnight, and as such, I was feeling great this morning when this perfectly viable company, living great on its own, and what do you know, Charlie Gasparino gets on the tv, and crushes my hopes and dreams.
Im partially jokeing about it, but I wouldn’t be surprised if this guy was being paid by fund managers.
After all, he did cause an AIG pump and dump.
MR PRESIDENT: Two Major banking institutions will collapse in addition to Fannie (FNM) and Freddie (FRE), QUIT TRYING TO STOP IT AND LET IT HAPPEN
Aug 19th
The Fed has been been throwing band aid’s on the financial sector for months, ever since the two day period where I rode Lehman (LEH) for 60+% but alas, what is going to happen to the financials is going to happen to the financials.
It is my humble opinion that the goverment needs to, and probably will eventually, let a major bank or two fail and take over Fannie and Freddie’s assets, because it is also my opinion that the debt, once cleared up, will allow new origination of loans followed by a rise in the economy that eventually will make the United States Government money.
This, however, is not the reason I am short Fannie May , FNM , the reason I am short is that in the next week or two I expect a Bear Sterns (bsc) esque panic. I also expect a quick drop after 5$ as there will no longer be joe shmoe internet trader in it as a short, and I expect margin call’s on Fannie longs to start hitting and causing the stock to get roughed up to the point where the stock is down to two and at that point the goverment will come in and buy it up, and heres the kicker, if Russia wants their debt in the companies paid for, they will have to pull out of Georgia.
After all, the fed can always print money.
When
The Long and Short of it: The 10 x Oil = Gold trade.
Aug 12th
In recent days, my trade has been:
If Golds results is not 10x oils results, you may want to play the equlization (on a percentage basis for the year). This is based on my opinion that it is more along the lines of a currency devaluation based selloff, with alittle bit of margin calls added in there for good measure. I personally think that eventually, this will all lead to an actualization of 10 x Oil’s price = Golds price As such, i think an appropriate valuation of oil would be 82.14 in this economy as of writing this. As such, I am long the airlines till 2:30, when the market does this whole, im scared about Russia killing Georgia thing.
Pick a airline thats up over 6% today and short it
Aug 4th
Oil has been volitile in this range for a week or so, expect a rebound tommrow, if not today,
Airlines will be the best return to risk trade on oil in my humble opinion
Some airlines to consider would be Northwest (NWA), Delta (dal) etc.
Make sure you get in on it soon, because this trade could be over by 3-3:30
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