http://finance.yahoo.com/intlindices
Full Version: IDS World Markets Fri 25th May 07
Stool Pigeons Wire Message Board > Stock Market Message Board > Intraday Stool- Stock Market Short Term Trading
A plunge through support intraday but buyers are starting to show up. All Ords -0.6% with most sectors down a similar amount. Materials is heading the sells, -1.3% followed by Healthcare -1%. Telecomms is up the most, +0.3%.
The big miners seeing a fair bit of selling: BHP -1.6% and RIO -1.8%. Golds are mixed: Newcrest -0.7%, Newmont +0.4% and Lihir -3.4%.
Minor losses in the oils: Woodside -0.9%, Santos -0.1%.
German Business Optimism Held Near a Record
May 24 (Bloomberg) -- German business confidence stayed near a record in May, suggesting Europe's largest economy will keep growing at the fastest pace since the turn of the decade.
The Ifo institute's sentiment index, based on responses from 7,000 executives, was unchanged at 108.6, the Munich-based research institute said today. Economists expected an increase to 108.8, according to the median of 37 forecasts in a Bloomberg News survey. The index reached 108.7 in December, the highest since records for a reunified Germany began in 1991.
May 24 (Bloomberg) -- German business confidence stayed near a record in May, suggesting Europe's largest economy will keep growing at the fastest pace since the turn of the decade.
The Ifo institute's sentiment index, based on responses from 7,000 executives, was unchanged at 108.6, the Munich-based research institute said today. Economists expected an increase to 108.8, according to the median of 37 forecasts in a Bloomberg News survey. The index reached 108.7 in December, the highest since records for a reunified Germany began in 1991.
In spite of a general rise for the rest of the day All Ords closed -0.4%, below recent support. Not too much damage in the sectors but Materials finished down -0.9% followed by Healthcare -0.8%. There was a sprinkling of greens with IT and Telecomms closing +0.8%.
Not a good day for the miners: BHP -1.1%, RIO -1.4% and in the golds, only Newmont closed up, +0.4%.
Oils went bipolar: Woodside -0.8% and Santos +0.6%.
A few Asian bourses down more than a percent: Honkers -1.4%, Nikkers and Singers -1.2%.
Over to UK/Europe:
http://finance.yahoo.com/intlindices?e=europe
CUP UP 29% IN PREHOUR!!! 
BOOOOOYAH!
BOOOOOYAH!
QUOTE
With every pullback in the market being viewed as a buying opportunity of late, today looks to be no exception as a sense that yesterday's widespread sell-off was overdone reignites enthusiasm for equities.
One of these days this ain't gonna work
Barfing.com
QUOTE(dogsie @ May 25 2007, 07:51 AM)
QUOTE
With every pullback in the market being viewed as a buying opportunity of late, today looks to be no exception as a sense that yesterday's widespread sell-off was overdone reignites enthusiasm for equities.
One of these days this ain't gonna work
Barfing.com
of course buying the dip will be void at one point but IMO its not over yet....
QUOTE(I_Am_Madness @ May 25 2007, 08:19 AM)
CUP UP 29% IN PREHOUR!!!
BOOOOOYAH!
BOOOOOYAH!
This is starting to look really good for another run in copper...
QUOTE
LONDON (Thomson Financial) - Copper recovered from yesterday's eight-week lows following a surprise drop in Shanghai inventories and another decline in stockpiles monitored by the London Metal Exchange.
'This morning, we are off to a somewhat promising start as the markets are enjoying a modest bounce in the wake of an unexpected fall in Chinese copper stock figures,' said Man Financial analyst Ed Meir.
Weekly data out in China earlier showed copper inventories monitored by the Shanghai Futures Exchange fell to 99,027 tonnes this week from 99,556 tonnes in the previous week.
Meanwhile, the LME said in its daily report copper stocks held in its warehouses fell by 1,975 tonnes to total 134,125 tonnes. LME stocks have fallen from around 200,000 tonnes at the start of the year to under 140,000 tonnes.
even more.......
That LME number was up to around 240,000 for a while. Last year when copper was going crazy the LME warehouse stocks had gone as low as 35,000 tonnes as I recall.
No change yet, day after day we open with a sub .5 trin
REITs on fire, go figure. Golds showing very weak rebound.
GS red.
DJ Fed Accepts $4.5 Bln In 5-Day RPs
Type of transaction: 5-Day RPs
Total accepted: $4.5 Bln
Total submitted: $70 Bln
Agency Collateral Operation
Total accepted: None
Total submitted: $25.5 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.23%
Low-rate submitted: 5.21%
Treasury Collateral Operation
Total accepted: $4.5 Bln
Total submitted: $28.7 Bln
Stop-Out Rate: 5.15%
Weighted Average: 5.15%
High-rate submitted: 5.15%
Low-rate submitted: 5.06%
Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $15.8 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.26%
Low-rate submitted: 5.22%
(Data was provided by the New York Federal Reserve Bank).
Type of transaction: 5-Day RPs
Total accepted: $4.5 Bln
Total submitted: $70 Bln
Agency Collateral Operation
Total accepted: None
Total submitted: $25.5 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.23%
Low-rate submitted: 5.21%
Treasury Collateral Operation
Total accepted: $4.5 Bln
Total submitted: $28.7 Bln
Stop-Out Rate: 5.15%
Weighted Average: 5.15%
High-rate submitted: 5.15%
Low-rate submitted: 5.06%
Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $15.8 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.26%
Low-rate submitted: 5.22%
(Data was provided by the New York Federal Reserve Bank).
QUOTE(linrom @ May 25 2007, 06:44 AM)
REITs on fire, go figure. Golds showing very weak rebound.
Pavlovian bounce in the REITs to be expected upon the fill of the Sam Zell Gap.
Hard to say what happens from here. Will the REITs carve out a complex bottom? Will they churn around support and ultimately go lower? Will we see a serious schwang back to the broken trendline?
An ugly chart, to be sure.
They can't hold this...
Continued steady selling.
Continued steady selling.
QUOTE(I_Am_Madness @ May 25 2007, 08:19 AM)
CUP UP 29% IN PREHOUR!!!
BOOOOOYAH!
BOOOOOYAH!
Looks like they're putting themselves up for sale. Some entity has until 5/28 to make an exclusive offer. Stocks is tanking, no offer on the table I guess.
QUOTE(linrom @ May 25 2007, 09:13 AM)
QUOTE(I_Am_Madness @ May 25 2007, 08:19 AM)
CUP UP 29% IN PREHOUR!!!
BOOOOOYAH!
BOOOOOYAH!
Looks like they're putting themselves up for sale. Some entity has until 5/28 to make an exclusive offer. Stocks is tanking, no offer on the table I guess.
Sounds like a pump to exit position.
QUOTE(linrom @ May 25 2007, 10:13 AM)
QUOTE(I_Am_Madness @ May 25 2007, 08:19 AM)
CUP UP 29% IN PREHOUR!!!
BOOOOOYAH!
BOOOOOYAH!
Looks like they're putting themselves up for sale. Some entity has until 5/28 to make an exclusive offer. Stocks is tanking, no offer on the table I guess.
On the second thought, why would CUP release this today---freaking stock manipulation. Could also violate the exclusivity agreement in spirit, but, they can't be this stupid. NO DEAL on the table as I see it.
Just shorted ES at 1517.50.
NORTH KOREA LAUNCHES MISSILE AT JAPAN!!!
MSNBC
(Disclosure: I bought the yen this morning on the dip and would be pleased to buy more if the media would assist me with some further hysterical coverage of this non-event.)
Thank you, Fearless Leader!
MSNBC
(Disclosure: I bought the yen this morning on the dip and would be pleased to buy more if the media would assist me with some further hysterical coverage of this non-event.)
Thank you, Fearless Leader!
LW, take a look at DBA. Is this the beginning of parabolic break out in ag commodes?
Feed Fool, if you are reading this, can you post your LT ag commodity chart!
[attachmentid=83793]
Feed Fool, if you are reading this, can you post your LT ag commodity chart!
[attachmentid=83793]
Housing's OK
No it's not
Housing's OK
No it's not
Housing's OK
No it's not
Housing's OK
No it's not
Housing's OK
No it's not
Housing's OK
No it's not
What a friggin' circle jerk......I'll stick with my new found love of buying the stocks of companies being bought out (AT, SLM, etc.) and writing calls against the stock.....providing a nice steady 20-25% (annualized) each and every trade and risk to market downdraft is minimized because of underlying buyout bid....exposed to deal risk, true, but I'll take the trade.
--------------------------------------
NEW YORK (CNNMoney.com) -- Sales of existing homes fell in April, according to a trade group report that showed greater than expected weakness in the already the battered real estate market.
The annual pace of existing home sales fell 2.6 percent to 5.99 million in April, according to the National Association of Realtors, down from a revised 6.15 million pace in March. Economists surveyed by Briefing.com had forecast the pace of sales would be little changed at 6.13 million.
Weak home sales led to further declines in home prices in an April reading.
The slower sales pace and an increase in inventory of homes on the market means that there is now an 8.4 month supply of homes for sale nationwide, up from a 7.4 month supply in March.
Linky Poo
No it's not
Housing's OK
No it's not
Housing's OK
No it's not
Housing's OK
No it's not
Housing's OK
No it's not
Housing's OK
No it's not
What a friggin' circle jerk......I'll stick with my new found love of buying the stocks of companies being bought out (AT, SLM, etc.) and writing calls against the stock.....providing a nice steady 20-25% (annualized) each and every trade and risk to market downdraft is minimized because of underlying buyout bid....exposed to deal risk, true, but I'll take the trade.
--------------------------------------
NEW YORK (CNNMoney.com) -- Sales of existing homes fell in April, according to a trade group report that showed greater than expected weakness in the already the battered real estate market.
The annual pace of existing home sales fell 2.6 percent to 5.99 million in April, according to the National Association of Realtors, down from a revised 6.15 million pace in March. Economists surveyed by Briefing.com had forecast the pace of sales would be little changed at 6.13 million.
Weak home sales led to further declines in home prices in an April reading.
The slower sales pace and an increase in inventory of homes on the market means that there is now an 8.4 month supply of homes for sale nationwide, up from a 7.4 month supply in March.
Linky Poo
QUOTE(4shzl @ May 25 2007, 10:34 AM)
NORTH KOREA LAUNCHES MISSILE AT JAPAN!!!
MSNBC
(Disclosure: I bought the yen this morning on the dip and would be pleased to buy more if the media would assist me with some further hysterical coverage of this non-event.)
Thank you, Fearless Leader!
MSNBC
(Disclosure: I bought the yen this morning on the dip and would be pleased to buy more if the media would assist me with some further hysterical coverage of this non-event.)
Thank you, Fearless Leader!
QUOTE
“The short-range missile launches are believed to be part of a routine exercise that North Korea has conducted annually on the east and the west coasts in the past,” the Joint Chiefs said in a statement.
Nice headline.
QUOTE(linrom @ May 25 2007, 07:35 AM)
LW, take a look at DBA. Is this the beginning of parabolic break out in ag commodes?
Feed Fool, if you are reading this, can you post your LT ag commodity chart!
[attachmentid=83793]
Feed Fool, if you are reading this, can you post your LT ag commodity chart!
[attachmentid=83793]
I'm already long 1/3 position. Would much rather see a violation of the triple-bottom at 24.50ish, then a boner back up. That would be a preferred setup, given the compression on the chart. Still may happen.
QUOTE(I_Am_Madness @ May 25 2007, 09:18 AM)
Just shorted ES at 1517.50.
Added more at 1519.50.
QUOTE(LeeWhee @ May 25 2007, 09:40 AM)
QUOTE(linrom @ May 25 2007, 07:35 AM)
LW, take a look at DBA. Is this the beginning of parabolic break out in ag commodes?
Feed Fool, if you are reading this, can you post your LT ag commodity chart!
[attachmentid=83793]
Feed Fool, if you are reading this, can you post your LT ag commodity chart!
[attachmentid=83793]
I'm already long 1/3 position. Would much rather see a violation of the triple-bottom at 24.50ish, then a boner back up. That would be a preferred setup, given the compression on the chart. Still may happen.
Violation of a triple bottom and then a move back up.....geez I fell for the violation of the bottom...
[attachmentid=83794]
QUOTE(linrom @ May 25 2007, 07:39 AM)
QUOTE(4shzl @ May 25 2007, 10:34 AM)
NORTH KOREA LAUNCHES MISSILE AT JAPAN!!!
MSNBC
(Disclosure: I bought the yen this morning on the dip and would be pleased to buy more if the media would assist me with some further hysterical coverage of this non-event.)
Thank you, Fearless Leader!
MSNBC
(Disclosure: I bought the yen this morning on the dip and would be pleased to buy more if the media would assist me with some further hysterical coverage of this non-event.)
Thank you, Fearless Leader!
QUOTE
“The short-range missile launches are believed to be part of a routine exercise that North Korea has conducted annually on the east and the west coasts in the past,” the Joint Chiefs said in a statement.
Nice headline.
Well, it knocked the yen down to .008236 this morning -- so you gotta love the press.
I'd like to see what else I can wring out of this story. How about:
FEARLESS LEADER TAKES AIM AT MONTECITO!!!
(Disclosure: I'd like to buy a house there cheap.
)QUOTE(Bungster @ May 25 2007, 10:50 AM)
....geez I fell for the violation of the bottom...
[attachmentid=83794]
We will, of course, all still love you in the morning...
The news out of Shankhigh gets more and more highlarious...
From Boomberg today:
"It's easier to make money from stock investment than work nowadays,'' said Hang Ming, 28, one of about 15 cooks from a local restaurant who were tracking stock prices at the Shenyin & Wanguo Securities Co. brokerage in Shanghai's Lujiazui district today. "There's risk, just like in playing mahjong, but I don't care.''
"Stock investing has so gripped the public that it has caused labor shortages, according to local media reports. About 10 percent of maids in Shanghai have resigned because they make more money trading shares, the government-run Eastday Web site reported on April 24, citing a local employment agency."
"Shi Changxing, a 60-year-old monk, trades stocks from a computer in his room in a temple in Xi'an in northwest China, state-controlled broadcaster China Central Television reported on May 10, citing a local newspaper."
Maids, monks and mu shu pork. Classic.
http://www.bloomberg.com/apps/news?pid=206...Cfw&refer=china
From Boomberg today:
"It's easier to make money from stock investment than work nowadays,'' said Hang Ming, 28, one of about 15 cooks from a local restaurant who were tracking stock prices at the Shenyin & Wanguo Securities Co. brokerage in Shanghai's Lujiazui district today. "There's risk, just like in playing mahjong, but I don't care.''
"Stock investing has so gripped the public that it has caused labor shortages, according to local media reports. About 10 percent of maids in Shanghai have resigned because they make more money trading shares, the government-run Eastday Web site reported on April 24, citing a local employment agency."
"Shi Changxing, a 60-year-old monk, trades stocks from a computer in his room in a temple in Xi'an in northwest China, state-controlled broadcaster China Central Television reported on May 10, citing a local newspaper."
Maids, monks and mu shu pork. Classic.
http://www.bloomberg.com/apps/news?pid=206...Cfw&refer=china
QUOTE(I_Am_Madness @ May 25 2007, 09:40 AM)
QUOTE(I_Am_Madness @ May 25 2007, 09:18 AM)
Just shorted ES at 1517.50.
Added more at 1519.50.
Covered the 1519.50 short at 1517.25 for 2.25.
Holding the 1517.50 short.
QUOTE(Bungster @ May 25 2007, 07:50 AM)
QUOTE(LeeWhee @ May 25 2007, 09:40 AM)
QUOTE(linrom @ May 25 2007, 07:35 AM)
LW, take a look at DBA. Is this the beginning of parabolic break out in ag commodes?
Feed Fool, if you are reading this, can you post your LT ag commodity chart!
[attachmentid=83793]
Feed Fool, if you are reading this, can you post your LT ag commodity chart!
[attachmentid=83793]
I'm already long 1/3 position. Would much rather see a violation of the triple-bottom at 24.50ish, then a boner back up. That would be a preferred setup, given the compression on the chart. Still may happen.
Violation of a triple bottom and then a move back up.....geez I fell for the violation of the bottom...
[attachmentid=83794]
Cornfushus say: "He who falls for violation of bottom winds up with pain in ass."
Oil losing it.
Gave back .70 from the highs.
Gave back .70 from the highs.
FDG making another charge ....
QUOTE(LeeWhee @ May 25 2007, 10:08 AM)
The news out of Shankhigh gets more and more highlarious...
From Boomberg today:
"It's easier to make money from stock investment than work nowadays,'' said Hang Ming, 28, one of about 15 cooks from a local restaurant who were tracking stock prices at the Shenyin & Wanguo Securities Co. brokerage in Shanghai's Lujiazui district today. "There's risk, just like in playing mahjong, but I don't care.''
"Stock investing has so gripped the public that it has caused labor shortages, according to local media reports. About 10 percent of maids in Shanghai have resigned because they make more money trading shares, the government-run Eastday Web site reported on April 24, citing a local employment agency."
"Shi Changxing, a 60-year-old monk, trades stocks from a computer in his room in a temple in Xi'an in northwest China, state-controlled broadcaster China Central Television reported on May 10, citing a local newspaper."
Maids, monks and mu shu pork. Classic.
http://www.bloomberg.com/apps/news?pid=206...Cfw&refer=china
From Boomberg today:
"It's easier to make money from stock investment than work nowadays,'' said Hang Ming, 28, one of about 15 cooks from a local restaurant who were tracking stock prices at the Shenyin & Wanguo Securities Co. brokerage in Shanghai's Lujiazui district today. "There's risk, just like in playing mahjong, but I don't care.''
"Stock investing has so gripped the public that it has caused labor shortages, according to local media reports. About 10 percent of maids in Shanghai have resigned because they make more money trading shares, the government-run Eastday Web site reported on April 24, citing a local employment agency."
"Shi Changxing, a 60-year-old monk, trades stocks from a computer in his room in a temple in Xi'an in northwest China, state-controlled broadcaster China Central Television reported on May 10, citing a local newspaper."
Maids, monks and mu shu pork. Classic.
http://www.bloomberg.com/apps/news?pid=206...Cfw&refer=china
Oh.
That all should end well there....
QUOTE(Jimi @ May 25 2007, 10:25 AM)
QUOTE(LeeWhee @ May 25 2007, 10:08 AM)
The news out of Shankhigh gets more and more highlarious...
From Boomberg today:
"It's easier to make money from stock investment than work nowadays,'' said Hang Ming, 28, one of about 15 cooks from a local restaurant who were tracking stock prices at the Shenyin & Wanguo Securities Co. brokerage in Shanghai's Lujiazui district today. "There's risk, just like in playing mahjong, but I don't care.''
"Stock investing has so gripped the public that it has caused labor shortages, according to local media reports. About 10 percent of maids in Shanghai have resigned because they make more money trading shares, the government-run Eastday Web site reported on April 24, citing a local employment agency."
"Shi Changxing, a 60-year-old monk, trades stocks from a computer in his room in a temple in Xi'an in northwest China, state-controlled broadcaster China Central Television reported on May 10, citing a local newspaper."
Maids, monks and mu shu pork. Classic.
http://www.bloomberg.com/apps/news?pid=206...Cfw&refer=china
From Boomberg today:
"It's easier to make money from stock investment than work nowadays,'' said Hang Ming, 28, one of about 15 cooks from a local restaurant who were tracking stock prices at the Shenyin & Wanguo Securities Co. brokerage in Shanghai's Lujiazui district today. "There's risk, just like in playing mahjong, but I don't care.''
"Stock investing has so gripped the public that it has caused labor shortages, according to local media reports. About 10 percent of maids in Shanghai have resigned because they make more money trading shares, the government-run Eastday Web site reported on April 24, citing a local employment agency."
"Shi Changxing, a 60-year-old monk, trades stocks from a computer in his room in a temple in Xi'an in northwest China, state-controlled broadcaster China Central Television reported on May 10, citing a local newspaper."
Maids, monks and mu shu pork. Classic.
http://www.bloomberg.com/apps/news?pid=206...Cfw&refer=china
Oh.
That all should end well there....
""Shi Changxing, a 60-year-old monk, trades stocks from a computer in his room in a temple in Xi'an in northwest China, state-controlled broadcaster China Central Television reported on May 10, citing a local newspaper.""
This will all end well...
Bears taking a break today:
Wow! 2 pages already. Must be a bottom!
QUOTE(I_Am_Madness @ May 25 2007, 10:09 AM)
QUOTE(I_Am_Madness @ May 25 2007, 09:40 AM)
QUOTE(I_Am_Madness @ May 25 2007, 09:18 AM)
Just shorted ES at 1517.50.
Added more at 1519.50.
Covered the 1519.50 short at 1517.25 for 2.25.
Holding the 1517.50 short.
Covered everything at 1515.50.
Total score...4.25 points!
I'm done for the day.
QUOTE(I_Am_Madness @ May 25 2007, 09:07 AM)
QUOTE(I_Am_Madness @ May 25 2007, 10:09 AM)
QUOTE(I_Am_Madness @ May 25 2007, 09:40 AM)
QUOTE(I_Am_Madness @ May 25 2007, 09:18 AM)
Just shorted ES at 1517.50.
Added more at 1519.50.
Covered the 1519.50 short at 1517.25 for 2.25.
Holding the 1517.50 short.
Covered everything at 1515.50.
Total score...4.25 points!
I'm done for the day.
[attachmentid=83798]
Well done. You seem to get some everyday.
QUOTE(LeeWhee @ May 25 2007, 10:08 AM)
The news out of Shankhigh gets more and more highlarious...
From Boomberg today:
"It's easier to make money from stock investment than work nowadays,'' said Hang Ming, 28, one of about 15 cooks from a local restaurant who were tracking stock prices at the Shenyin & Wanguo Securities Co. brokerage in Shanghai's Lujiazui district today. "There's risk, just like in playing mahjong, but I don't care.''
"Stock investing has so gripped the public that it has caused labor shortages, according to local media reports. About 10 percent of maids in Shanghai have resigned because they make more money trading shares, the government-run Eastday Web site reported on April 24, citing a local employment agency."
"Shi Changxing, a 60-year-old monk, trades stocks from a computer in his room in a temple in Xi'an in northwest China, state-controlled broadcaster China Central Television reported on May 10, citing a local newspaper."
Maids, monks and mu shu pork. Classic.
http://www.bloomberg.com/apps/news?pid=206...Cfw&refer=china
From Boomberg today:
"It's easier to make money from stock investment than work nowadays,'' said Hang Ming, 28, one of about 15 cooks from a local restaurant who were tracking stock prices at the Shenyin & Wanguo Securities Co. brokerage in Shanghai's Lujiazui district today. "There's risk, just like in playing mahjong, but I don't care.''
"Stock investing has so gripped the public that it has caused labor shortages, according to local media reports. About 10 percent of maids in Shanghai have resigned because they make more money trading shares, the government-run Eastday Web site reported on April 24, citing a local employment agency."
"Shi Changxing, a 60-year-old monk, trades stocks from a computer in his room in a temple in Xi'an in northwest China, state-controlled broadcaster China Central Television reported on May 10, citing a local newspaper."
Maids, monks and mu shu pork. Classic.
http://www.bloomberg.com/apps/news?pid=206...Cfw&refer=china
momo monks ... the visual is striking.
Between evangelist homophobes, child-abusing priests, terrorist clerics and cobra-hypnotizing Hindus, the world's religions' claim to the Higher Ground is a bit suspect.
When Hillary is President, we'll all have a new place to bow to.
And I know which part of my anatomy will be facing her.
QUOTE
Abraxas Forms a Master Limited Partnership and Repays All Outstanding Indebtedness Friday May 25, 11:42 am ET SAN ANTONIO--(BUSINESS WIRE)--Abraxas Petroleum Corporation (AMEX:ABP - News) today announced that Abraxas will redeem its existing $125 million senior secured notes and has terminated its existing revolving credit facility. A conference call to discuss these transactions has been scheduled for 11 a.m. CT today.
QUOTE
ing of 5,131,959 common units and 227,232 general partner units. The general partner of the Partnership, Abraxas General Partner, LLC, will be a wholly-owned subsidiary of Abraxas. Abraxas, through certain wholly-owned subsidiaries, sold an approximate 53% interest in the Partnership in a private placement offering for $100 million. The private placement investor group was led by Lehman Brothers MLP Opportunity Fund L.P. and co-led by Citigroup Global Markets Inc., Third Point LLC, funds managed by Fiduciary Asset Management, LLC, and funds managed by Merrill Lynch Commodity Partners, L.P. and Tortoise Capital Resources Corporation.
I don't got none.
Rookie COMEX trader testing the wind direction to better understand the latest move in gold and silver ...
I have to agree that there's something weird with CUP's announcement...
I sold my position today. Maybe I'll miss out on an extra buck if they do get bought, but at this point, I don't care. I've been buying this thing since $1.75, and ended up with an average cost of less than $2.75, so I'm calling it a day.
It's been nice knowin' ya, babe... thanks for the memories
I sold my position today. Maybe I'll miss out on an extra buck if they do get bought, but at this point, I don't care. I've been buying this thing since $1.75, and ended up with an average cost of less than $2.75, so I'm calling it a day.
It's been nice knowin' ya, babe... thanks for the memories
At least the Banking system is solid, not like the old days.
6 years of gains wiped in 2 months.
QUOTE
Sterling said the affiliate, Equipment Finance LLC or EFI, is a unit of Sterling's Bank of Lancaster County NA. EFI provides commercial financing for the soft pulp logging and land-clearing industries, primarily in the southeastern U.S. Sterling said the investigation, which is still ongoing, revealed "evidence of a sophisticated loan scheme, orchestrated deliberately by certain EFI officers and employees over an extended period of time" to conceal credit delinquencies and falsify financing contracts.
6 years of gains wiped in 2 months.
It is sooooo quiet here this morning..... OK, I need a show of hands.... How many Stoolies are leaving early today for the Hamptons?.... 
QUOTE(Peek Paper @ May 25 2007, 11:40 AM)
QUOTE(LeeWhee @ May 25 2007, 10:08 AM)
The news out of Shankhigh gets more and more highlarious...
From Boomberg today:
"It's easier to make money from stock investment than work nowadays,'' said Hang Ming, 28, one of about 15 cooks from a local restaurant who were tracking stock prices at the Shenyin & Wanguo Securities Co. brokerage in Shanghai's Lujiazui district today. "There's risk, just like in playing mahjong, but I don't care.''
"Stock investing has so gripped the public that it has caused labor shortages, according to local media reports. About 10 percent of maids in Shanghai have resigned because they make more money trading shares, the government-run Eastday Web site reported on April 24, citing a local employment agency."
"Shi Changxing, a 60-year-old monk, trades stocks from a computer in his room in a temple in Xi'an in northwest China, state-controlled broadcaster China Central Television reported on May 10, citing a local newspaper."
Maids, monks and mu shu pork. Classic.
http://www.bloomberg.com/apps/news?pid=206...Cfw&refer=china
From Boomberg today:
"It's easier to make money from stock investment than work nowadays,'' said Hang Ming, 28, one of about 15 cooks from a local restaurant who were tracking stock prices at the Shenyin & Wanguo Securities Co. brokerage in Shanghai's Lujiazui district today. "There's risk, just like in playing mahjong, but I don't care.''
"Stock investing has so gripped the public that it has caused labor shortages, according to local media reports. About 10 percent of maids in Shanghai have resigned because they make more money trading shares, the government-run Eastday Web site reported on April 24, citing a local employment agency."
"Shi Changxing, a 60-year-old monk, trades stocks from a computer in his room in a temple in Xi'an in northwest China, state-controlled broadcaster China Central Television reported on May 10, citing a local newspaper."
Maids, monks and mu shu pork. Classic.
http://www.bloomberg.com/apps/news?pid=206...Cfw&refer=china
momo monks ... the visual is striking.
Between evangelist homophobes, child-abusing priests, terrorist clerics and cobra-hypnotizing Hindus, the world's religions' claim to the Higher Ground is a bit suspect.
When Hillary is President, we'll all have a new place to bow to.
And I know which part of my anatomy will be facing her.
Between evangelist homophobes, child-abusing priests, terrorist clerics and cobra-hypnotizing Hindus, the world's religions' claim to the Higher Ground is a bit suspect.
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From the "To Each His Own" Dept:
Chinese Stocks: Putting Faith in Numbers
Posted on May 24th, 2007
Hickey and Walters (Bespoke) submit: This morning's WSJ has a front page article titled "Chinese Investors Crunching Numbers Are Glad To See 8s." In China, many believe that "numbers contain the clues to good fortune," and the number 8 is about as good as it gets, with its pronunciation "sounding similar to the Chinese word for wealth." Since Chinese stock tickers are made up of 6 numbers, an 8 in the ticker (or in the stock's price) might influence an individual's decision to buy the stock. Conversely, the number 4 is linked to "death," so investors supposedly take notice when 4 shows up as well.
http://china.seekingalpha.com/article/36470]
Chinese Stocks: Putting Faith in Numbers
Posted on May 24th, 2007
Hickey and Walters (Bespoke) submit: This morning's WSJ has a front page article titled "Chinese Investors Crunching Numbers Are Glad To See 8s." In China, many believe that "numbers contain the clues to good fortune," and the number 8 is about as good as it gets, with its pronunciation "sounding similar to the Chinese word for wealth." Since Chinese stock tickers are made up of 6 numbers, an 8 in the ticker (or in the stock's price) might influence an individual's decision to buy the stock. Conversely, the number 4 is linked to "death," so investors supposedly take notice when 4 shows up as well.
http://china.seekingalpha.com/article/36470]
CFC not looking so hot.
I'm still holding my June 42.5 puts.
I'm still holding my June 42.5 puts.
QUOTE(Peek Paper @ May 25 2007, 11:46 AM)
Rookie COMEX trader testing the wind direction to better understand the latest move in gold and silver ...
I recognize that picture from Bobby Knight's family album... ah, when we were younger...
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