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| wantonellis 163 posts msg #54315 - Ignore wantonellis modified |
8/24/2007 8:35:58 AM |
| roheba 20 posts msg #54319 - Ignore roheba |
8/24/2007 2:19:23 PM Hey all, Quick question from a newbie: Is there a way to "comment out" a segment of a filter I'm playing with? I'm tired of deleting and re-typing. |
| nikoschopen 2,824 posts msg #54320 - Ignore nikoschopen |
8/24/2007 3:28:34 PM Is there a way to "comment out" a segment of a filter I'm playing with? I'm tired of deleting and re-typing. You can delineate comments with a pair of C-like delimiters (/*) (ie. /*This is a comment*/) |
| nikoschopen 2,824 posts msg #54321 - Ignore nikoschopen |
8/24/2007 3:32:17 PM Geezus, I smell something totally rotten. The market is pushed up on very thin volume. How am I suppose to interpret this? |
| msummer2007 129 posts msg #54322 - Ignore msummer2007 |
8/24/2007 3:50:19 PM Just a bit of short covering. Don't get to wrapped up in this rally. Every other word out of CNBC is of a bullish tone. Would you be a buyer at these levels, knowing the second wave of selling is coming? |
| nikoschopen 2,824 posts msg #54323 - Ignore nikoschopen |
8/24/2007 4:21:43 PM Incredible. The S&P eMini shot up 17 points on only 1.2M shares, which is about roughly half of the average volume for the week. |
| maxreturn 745 posts msg #54324 - Ignore maxreturn |
8/24/2007 4:34:51 PM Niko...you said it yourself. VERY thin volume. But like you I did not expect this rally to go this far. I've been waiting for a short signal for the last 3 days. Never got it :) This volume clue would lead me to believe that we're going to retest the recent lows BUT....look at a weekly chart. Strong weekly close above the weekly high last week. Looks very bullish EXCEPT for the volume. |
| nikoschopen 2,824 posts msg #54325 - Ignore nikoschopen modified |
8/24/2007 4:44:13 PM Max, I would agree that it's a little worrisome to see the S&P close above not only the 200-day moving average but the trendline as well. However, the volume was anemic throughout the week, indicating a lack of conviction, and it's technically still under its 50-day moving average. I went short at the close yesterday and was kicked out with my bare ass exposed. Ahh, that's life I suppose. |
| SAFeTRADE 649 posts msg #54326 - Ignore SAFeTRADE |
8/24/2007 5:31:05 PM Anyone else saw this? Sometimes—just sometimes— Wall Street gives you a gift. Today that gift is THE COUNTRYWIDE FINANCIAL BAILOUT Here is what you must do—immediately _________ A bailout with a twist! _________ Last week, we saw a run on the bank. Of course, that is NOT what the media told you. Last week—within 24 hours of the run—the Federal Reserve stepped in and bailed out Countrywide Financial to the tune of $50 billion. That will NEVER be what you’ll hear or see or read, of course. WHAT Happened? WHY Did It Happen? AND HOW Can We Cash In? Richard Band here, and I love bailouts. They make me and my subscribers obscenely rich. THIS bailout has a surprise twist, as you’ll see. But it’ll still hand you legacy-sized profits, if you’re nimble. What we have here, my friends, is such a GORGEOUS bailout of Countrywide Financial that it practically throws diamonds at our feet. Love Them Bailouts! --you will, too 1981: The Chrysler Bailout. Richard Band said “Buy!” His subscribers collected 420% profit in just a little over one year. 1984: Barron’s asked, Do Utilities Have A Future? Richard Band said “Yes! Utilities are no more obsolete than light bulbs.” That call handed his subscribers profits of up to 700%. 1987: Richard Band warns, “Wall Street Deep In Hock.” His subscribers doubled their money in bonds over the 2 years following the Crash. 1994: The Argentine Bailout. The press called Argentina The Titanic. Richard Band predicted it was buoyant, and his subscribers tripled their money in Argentinean banks in less than 3 years. 1998: Asia crisis triggers bond bailout. Richard Band’s subscribers almost quadrupled their money. 2007: Richard Band forecasts the bottom of the housing market burst in August, 2007: “Pessimism spells opportunity” he predicts in January that year. Listen up and take note: If you didn’t buy Chrysler at $3 in 1981 when they bailed it out, don’t let the Countrywide bailout slip by you. My subscribers pocketed a 420% gain from the Chrysler bailout—in just a little over a year. If you didn’t buy Argentine banks in 1994 and 1995, when the World Bank bailed them out, well, my subscribers did—and tripled their money in less than three years. During the Asia crisis of 1998, I smelled a bailout coming in emerging-markets bonds. My subscribers bought a truckload. And we’re still holding them today, after turning a $10,000 investment into more than $37,000! In all these cases (and more), one quick move could have set you up for life. What This Crisis Is NOT About Let me be clear. The title of the movie you are watching is NOT: “When Hedge Funds Run Wild.” The title of this sit com is NOT: “Iowa Family Loses Home.” The title of this hit IS: “Bailout!” And because no one is telling you this, you have an opportunity to double your money in the next year or two, with most of your profits piling up in the next 60 - 90 days. But you must act quickly. Here’s how it all REALLY happened. Goldman, Bear Stearns, the hedge fund geeks—none of them matter to Ben Bernanke, and he has said as much repeatedly. But Countrywide was different. It is a bank, and it is big. It is a bank that is too big to be…let me put the word in capital letters…ALLOWED…by The Federal Reserve to fail. The entire financial system of the USA swayed for a few hours on Thursday afternoon, like a gossamer thread in the breeze. The casino went suddenly quiet and traders held their breath. Then, BANG, the fix was in, Ben dropped the discount window rate 50 basis points and $50 billion was injected into the system. Yep, it was a bailout all right. And the $50 billion used now could have saved $100 billion, $200 billion, in FDIC money later. Indeed, if a run on THIS bank had turned in to a run on ALL banks, the blood in the streets would have been hip deep today. We were, make no mistake, saved by The Ben. But Here’s The Thing Countrywide is not some kind of Rogue Bank. Sure, it has—had, I should say—subprime loans. But it is a BANK. Most mortgage lenders are not. As a BANK, Countrywide runs a pretty tight ship. That’s why I own it, personally. The subprime piece of its business has been hastily hacked off and 6,700 employees in their mortgage originator offices were fired by email, no less, last week. Which leaves, as I say, a BANK with an impressive portfolio of AAA bonds and super-safe prime mortgages. A bank selling at 34% discount to the value it was assigned by Wall Street just 10 days previously. It’s a gift, my friend. But it’s not a gift for you. It is a gift for Warren Buffett and… …The OTHER Oracle of Omaha Warren Buffett has made his intentions clear. He’s Captain Ahab with a $50 billion harpoon and a taste for whale. “Buy when everyone else is selling. This is the very essence of successful investing.” --J. Paul Getty, last century So when rumors surfaced last week that Buffett might scoop up Countrywide, no one was less surprised than me. After all, this is the guy behind the Salomon Brothers bailout in 1991. He almost bailed out Long Term Capital, too, in 1998. Even Wells Fargo was a bit dicey until Warren showed up with his aw-shucks smile and his iron handshake. But don’t mistake Buffett for a white knight. Given half a chance, he’ll pick Countrywide clean—leaving ordinary Countrywide shareholders like me with the leftovers. A carcass, not a coffer. So what IS the gift that the Countrywide Bailout Act of 2008 bestows upon investors? Across town from Warren’s offices sits a man, Wally, with similar values and, some say, similar investing acumen. He, like Warren, has an extraordinary record of beating the market. "When there’s a certain amount of chaos, the fallout offers some real opportunity.” --Warren Buffett, last week And Wally, like Warren, has a deep involvement with the mortgage market and with Countrywide in particular. And one day…let’s say just for argument’s sake, last Thursday…maybe Wally receives a call from Warren, his old buddy, suggesting lunch. On the menu: carving up the $11 trillion mortgage market. Do you doubt that this has happened? I bet it has happened, or it is happening right now, under our very noses. Two of the most astute investors in the world, sitting a $3 cab ride across Omaha from each other, are plotting to help Warren Buffett grab control of the mortgage universe. And when that happens, it’s… “…To The Moon, Alice!” --Jackie Gleason I want you to buy shares in the Trust favored by The Other Oracle of Omaha, and I want you to buy them today. Three months ago, shares in this Trust would have cost you close to $54. Then came the run on Countrywide and any stock with mortgage exposure was tossed out. You can pick up those very same shares today for around $38. “Buy into distress. Sell into prosperity.” --Richard Band, just before the real estate boom of 1996. In 16 months, subscribers were up 126% But when the dust settles and Warren (with Wally whispering in his ear) emerges as the dominant player in the $11 trillion mortgage business, this Trust will be worth TWO OR THREE TIMES what it is today. Count on it! I’ll show you exactly how to buy Wally’s remarkable Trust in today’s special issue of Profitable Investing. Get it here. If you like picking up two-carat diamonds off the sidewalk, consider Profitable Investing your Dyson’s vacuum. It never gets clogged with irrelevancies—and for 18 years and 9 months it has just worked. And times like this, when cast-aside diamonds are thick on the trading room floor, are wonderful for Profitable Investing. We’re grabbing fistfuls of doublers, triplers and quadruplers right now. Join us, won’t you? |
| karennma 8,057 posts msg #54332 - Ignore karennma |
8/25/2007 7:39:31 AM wantonellis wantonellis 8/24/2007 5:35:58 AM Barron’s last week issue had a good story on Asia buying sub prime loan packages from US banks. These CMO’s or Collateralized Mortgage Obligations are bundled debt with BBB and lower grade debt bundled with AAA debt. Essentially once buyers in the US began avoiding these time bombs due to high risk the marketing campaign went into full swing to sell to Asia. The Asian banks are going to get whacked in a big way. ============================================================================ OR ... By 20011, Asia will "OWN" the U.S. |
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