Kyle Bass owns 5%. That is all I need to know. I would follow Kyle into investment war any day any time. He is the man.
The action in the last week here looks alot like desperate tax loss selling or some form of forced liquidation. Obviously this bank has had some hard times but the last Q showed improvement. I am just swing trading here and hoping for a bounce back to $2.50.
I want to point back to this and let everyone know that i have 100K shares of this pink sheet crap at .05. They seem to be sitting on a nice vein of rare earth metals. Buy low Sell high..... Seems to be a little interest stepping in.
We could boycott the market. Alot are, we have had 27 straight weeks of outflows and insider selling of up to 1000/1 for months. The government is up to its elbows in making sure the stock market goes up. Greenspan said that the economy follows the market not vice versa. Its bubble of sorts along with the bailout bubble, bond bubble and shadow banking bubble its all going to blow up in a neclear fashion but probably after TZA goes to $2.00. Buy GOLD.
Last time Najarian pumped a stock like this was STP at $34.00. Now it is at $10.00 and I am $15,0000.00 poorer. Just ike Finermans favorite stock CVS. I listened to her pump it to a bunch of traders about 10 points ago. I would love to see these guys trade their own money.
No worries Obama is sending the lawyers down there to begin litigating it. It's the academic way of dealing with such disturbances. Daddy, Daddy..did you plug the hole yet daddy?
The Sheriff is a ni....( bell drowns out sound)
License to kill gophers by the government of the United Nations. Man, free to kill gophers at will. To kill, you must know your enemy, and in this case my enemy is a varmint. And a varmint will never quit - ever. They're like the Viet Cong - Varmint Cong. So you have to fall back on superior intelligence and superior firepower. And that's all she wrote.
this action has everything to do with HFT algos doing search and destroy missions with all of the info from every trade that goes across the board before it is executed. The fed also plays a roll as they have complete control of the bond mkt with direct bidders and repos.
Tge only way to trade this mkt is in front of a level two platform with balls of steal and being correct on the overiding trend.
You and i have the same exact theory. However the market timing is the tough part. Trade paper and stack the hard stuff.
Reality check- you act like you have never seen an end of the world - Fed/USGOV/Sydicate Bank 25Trillion Dollar "all in" liquidity blowout out before. Happens all the time. I say Dow 36000 after QE3 is announced and the Mcdonalds $10 cheesburger will still taste ohh so good. Buy Gold, it is the ultimate and only extinguisher of debt.
Every point that interest rates rise the FED looses 100Billion on its junk IRS
(interest rate swap)portfolio, plus any downward motion in the housing market would make for even more losses via FNM and FRE. The fed raising rates is NOT going to happen.
In theory you have a point about Brazil doing well with large ghettos. However, Brazil is not running a 1.7 Trillion dollar funding gap, does not have a FED, nationalized GSE's and corporations sitting on the motherload of toxic debt. Also they are not spending billions trying to educate the ghettto, not subsidizing the people having children in the Ghetto, and subsidizing failure in general. We are on the short bus to brokeville.
The big problem is that Obama is going on with the same agenda as Bush. It is the same policy, more war, same economic policy, and an expansion of Government control. The Patriot act stays in full force, The Internet Security act is on the way. The only question now is who is really pulling the strings and where are they taking us. Nobel Prize...give me a break...for running your mouth??? This is a down payment on more unified one world BS. Same as Bush. We need to wake up and smell the rot.
You want buy into this kind of technical breakout. There is a huge hole in this chart all the way to 25. I do not think we are going straight to 25 but we will move to 17 in the next few weeks. Nat Gas is very cheap in comparison to oil, so it should start to rise. Good luck to all. Stay away from the banks.....