Where's Vegas IX?

[Jiddy78]

Looks like it's one of my kinda days...You're making a killing aren't you?

[Vegas]

Sorry to say, but no. I made no trades today. I'm way too busy. Next week should be a much more active week. I hope we're as volatile then.

[Jiddy78]

Sorry to say, but no. I made no trades today. I'm way too busy. Next week should be a much more active week. I hope we're as volatile then.


To the upside as the fed opens the pumps...:rolleyes:

[Jiddy78]

My put options source tells me that we are in for another epic upshoot when this drop ends....WHEEEEEEEE...

Nothing changes.

You shall have your volatilty...The question, as always, is when.

[Vegas]

My put options source tells me that we are in for another epic upshoot when this drop ends....WHEEEEEEEE...

Nothing changes.

You shall have your volatilty...The question, as always, is when.

I've managed to make a few bucks the past couple of days. Jump in, jid. The water's fine.

[Jiddy78]

I've managed to make a few bucks the past couple of days. Jump in, jid. The water's fine.

Not yet kimosabe. Not yet. The job alone is paying for all of my creature comforts...So that is good enough for me...For now.

[Jiddy78]

My put options source tells me that we are in for another epic upshoot when this drop ends....WHEEEEEEEE...

Nothing changes.

You shall have your volatilty...The question, as always, is when.

There it is. Today is when.

[Vegas]

There it is. Today is when.

Where's Vegas? He's on his way to the bank.

[Jiddy78]

Where's Vegas? He's on his way to the bank.


Where's my cut?

[Vegas]

Where's my cut?

Check's in the mail.

[Jiddy78]

http://biz.yahoo.com/ap/070618/scotus_credit_suisse.html?.v=8

Lawyers for Wall Street investment banks say it is a highly technical matter where the line is drawn between legal and illegal activity in the sale of newly issued stock. It must be left to highly trained securities regulators to decide, rather than to courtroom juries in antitrust lawsuits brought by investors, the industry says.


http://img421.imageshack.us/img421/712/lmao8pu.jpg

[Vegas]

http://biz.yahoo.com/ap/070618/scotus_credit_suisse.html?.v=8




http://img421.imageshack.us/img421/712/lmao8pu.jpg

Of course, people are supposed to read the prospectus and the options paper put out by cboe prior to investing money. Very few people do.

[Jiddy78]

Of course, people are supposed to read the prospectus and the options paper put out by cboe prior to investing money. Very few people do.

There's only one thing that I need to read:

Shares of Gotyomoneyb*otchinc are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

[Vegas]

There's only one thing that I need to read:

Shares of Gotyomoneyb*otchinc are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Every stock mutual fund and every stock has that very disclaimer as should real estate.

[Jiddy78]

Every stock mutual fund and every stock has that very disclaimer as should real estate.

A whole society of disclaim deems it necessary....but not proper.

[Vegas]

A whole society of disclaim deems it necessary....but not proper.

I think it's more from the idea that we'll all get rich in this country by suing each other.

[Jiddy78]

I think it's more from the idea that we'll all get rich in this country by suing each other.


Conning begets further conning.

[Jiddy78]

Dare I say....BUY THE DIP?!?

Or is it...CLUBBER TIME!!!


http://www.hollywoodstandups.com/images/clubberLang.jpg

[Vegas]

Dare I say....BUY THE DIP?!?

Or is it...CLUBBER TIME!!!


http://www.hollywoodstandups.com/images/clubberLang.jpg

CANSLIM is the best way to go. Read Investor's Daily.

[Jiddy78]

CANSLIM is the best way to go. Read Investor's Daily.


Yeah yeah yeah, cut losses to 7%....and fancy anagrams don't impress me...It's palabra. What happens when you lose 30% in a day in a stock? We'll find out as velocity increases more...and more...and more...and more....It's inevitable with wealth being centralized...


Speaking of shenanigans with stocks...You should see the fiasco I've had to go through in order to rollover my wife's 401k to an IRA....We still haven't got the check...I'm talking 4 months now..."It's in the mail"....Call after call after call after call...Maybe today is the day...I know they're going to f*ck up the 1099...It's almost a given. If these stock whores are so f*cking cheap that they can't take the time and effort to hire someone with a brain, how the f*ck do they expect me to trust them with my money?

Argh.

[Vegas]

Yeah yeah yeah, cut losses to 7%....and fancy anagrams don't impress me...It's palabra. What happens when you lose 30% in a day in a stock? We'll find out as velocity increases more...and more...and more...and more....It's inevitable with wealth being centralized...


Speaking of shenanigans with stocks...You should see the fiasco I've had to go through in order to rollover my wife's 401k to an IRA....We still haven't got the check...I'm talking 4 months now..."It's in the mail"....Call after call after call after call...Maybe today is the day...I know they're going to f*ck up the 1099...It's almost a given. If these stock whores are so f*cking cheap that they can't take the time and effort to hire someone with a brain, how the f*ck do they expect me to trust them with my money?

Argh.

Financial "services" companies piss me off when they play that game. I've been through a couple of nightmare deals when they didn't want to let go of money for a transfer.

But regarding stocks, you concentrate far too much on losses. There are defensive ways to invest in stocks that lower your risk while increasing returns.

[Jiddy78]

Financial "services" companies piss me off when they play that game. I've been through a couple of nightmare deals when they didn't want to let go of money for a transfer.

But regarding stocks, you concentrate far too much on losses. There are defensive ways to invest in stocks that lower your risk while increasing returns.

This is one reason I'm damn sure the turnip will have nothing when the going gets tough....This isn't an employee thing...This is a direct "hold them off at all costs, we can't give it back to them until the quarterly" thing....Unfortunately...That game will run out.


Defensive, you say? Shall we bet a dollar on this one, Randolph? I say they can put a defensive trader in the poorhouse while getting rich at the same time...Whattaya say?

[Vegas]

This is one reason I'm damn sure the turnip will have nothing when the going gets tough....This isn't an employee thing...This is a direct "hold them off at all costs, we can't give it back to them until the quarterly" thing....Unfortunately...That game will run out.


Defensive, you say? Shall we bet a dollar on this one, Randolph? I say they can put a defensive trader in the poorhouse while getting rich at the same time...Whattaya say?

What do you think I mean when I say "defensive?"

[Jiddy78]

What do you think I mean when I say "defensive?"

Probably some version of stop-outs (that will be conveniently be "error in processing"ed away when the goin' gets tough by ol' E-trade....Or maybe you're Mr. Dollar Cost Average...whose 201k cannot be stopped...Or maybe something else.

But if you'd like to expand, I'm down for a little Vegas 101.

[Jiddy78]

Vegas isn't around today...Makin' too much money on the market...His type of day....which is pretty much the norm nowadays...

[Jiddy78]

Probably some version of stop-outs (that will be conveniently be "error in processing"ed away when the goin' gets tough by ol' E-trade....Or maybe you're Mr. Dollar Cost Average...whose 201k cannot be stopped...Or maybe something else.

But if you'd like to expand, I'm down for a little Vegas 101.

You never expanded...This is ryr-like...Old age takin over???

[Vegas]

You never expanded...This is ryr-like...Old age takin over???

I missed this post and apologize for doing so. BTW, I didn't make any trades today. I had to go to the airport to pick up my niece and got to work late.

Anyway, you've probably heard all kinds of horror stories about derivatives and how you can lose so much money. Those stories are absolutely true, but there are defensive strategies that allow you to make steady money defensively using derivatives.

Think of how many get-rich-quick suckers there are in the world. The fastest way there is to get rich in the stock market is to buy naked options. 80% of options expire worthless, but there is sometimes a big score. The idea is to make money STEADILY from those get-rich-quick suckers. You guy a stock that you believe will make you money. You sell call options a month out at a time and sell strikes that will make you money while you lower your effective cost basis. You limit your upside, but in the long term you can generate a lot of steady cash.

[Jiddy78]

I missed this post and apologize for doing so. BTW, I didn't make any trades today. I had to go to the airport to pick up my niece and got to work late.

Anyway, you've probably heard all kinds of horror stories about derivatives and how you can lose so much money. Those stories are absolutely true, but there are defensive strategies that allow you to make steady money defensively using derivatives.

Think of how many get-rich-quick suckers there are in the world. The fastest way there is to get rich in the stock market is to buy naked options. 80% of options expire worthless, but there is sometimes a big score. The idea is to make money STEADILY from those get-rich-quick suckers. You guy a stock that you believe will make you money. You sell call options a month out at a time and sell strikes that will make you money while you lower your effective cost basis. You limit your upside, but in the long term you can generate a lot of steady cash.

I'll stop you right there...If those toolbags are one's foundation for making it in life...They're going to find their way into quicksand...

And furthermore, I thought the stock market wasn't a "zero-sum game"...but yet, you want me to feast my eyes and ears upon the "many get-rich-quick suckers in the world"???

How is that NOT zero-sum if you are making the money steadily FROM those get-rich-quick suckers????


I thought you had something better for me...For shame.

[Vegas]

I'll stop you right there...If those toolbags are one's foundation for making it in life...They're going to find their way into quicksand...

And furthermore, I thought the stock market wasn't a "zero-sum game"...but yet, you want me to feast my eyes and ears upon the "many get-rich-quick suckers in the world"???

How is that NOT zero-sum if you are making the money steadily FROM those get-rich-quick suckers????


I thought you had something better for me...For shame.

Straight option plays are zero sum, but that's not what I'm talking about. You have to work through a few real life examples to see how call writing works. I'll post some numbers and examples when I get more time.

[Jiddy78]

Straight option plays are zero sum, but that's not what I'm talking about. You have to work through a few real life examples to see how call writing works. I'll post some numbers and examples when I get more time.


Stocks are an enigma to me....I have good friends that daytrade and they are more than 100% correct in saying that just because you are an accountant that doesn't mean you know sh*t about the market....It's true...But honestly, I'm glad I don't....Too many clients try to milk me for the next great move...then I tell them I don't know jack. It's a good buffer.

[Jiddy78]

Where's Vegas???

Get out you 14k party hats baby!

[Jiddy78]

I was about to take this thread literally...but it seems you have shown your face...

Be honest, you've been posting seldom this week because you are touring open houses for overpriced condos...

[Vegas]

I was about to take this thread literally...but it seems you have shown your face...

Be honest, you've been posting seldom this week because you are touring open houses for overpriced condos...

I was in Phoenix yesterday on a business trip. Today I'm busier than usual. I have managed to make a couple of bucks in the market, though.

[Jiddy78]

I was in Phoenix yesterday on a business trip. Today I'm busier than usual. I have managed to make a couple of bucks in the market, though.

Phoenix blows. Come back to Florida.

[Vegas]

Phoenix blows. Come back to Florida.

I wasn't so thrilled to go to Phoenix. If I travel this time of year, it should be to someplace cooler than Las Vegas.

I have no idea when I'll be going to Florida again. I would guess within the next couple of months.

[Jiddy78]

Bulls snowplowed in the open. Vegas frantically trading it...Too busy to talk politics...

[Vegas]

Bulls snowplowed in the open. Vegas frantically trading it...Too busy to talk politics...

I'm closing out some positions.........at a tidy profit.

[Jiddy78]

I'm closing out some positions.........at a tidy profit.


I have a vision of you in boxers and a deigo T closing out those positions while eating cheetos at your computer, while cackling like the wicked witch of the west.

[Vegas]

I have a vision of you in boxers and a deigo T closing out those positions while eating cheetos at your computer, while cackling like the wicked witch of the west.

You're pretty close. I don't eat cheetos. I've hated them my whole life.

[Jiddy78]

You're pretty close. I don't eat cheetos. I've hated them my whole life.


Oh great...A cackling wheat thin eater...

[Vegas]

Oh great...A cackling wheat thin eater...

Actually I only have juice for breakfast during the week. I make a fine juice with my VitaMix.

[Jiddy78]

Dow 13,796.13 Down 147.29 (1.06%)
Nasdaq 2,656.47 Down 34.11 (1.27%)

[Vegas]

Dow 13,796.13 Down 147.29 (1.06%)
Nasdaq 2,656.47 Down 34.11 (1.27%)

Pretty normal to have a profit taking day after the run we've had.

[Jiddy78]

Pretty normal to have a profit taking day after the run we've had.


Yep...I'm just looking for the 4000 point one...

[Vegas]

Yep...I'm just looking for the 4000 point one...

I wouldn't hold my breath.

[Jiddy78]

I wouldn't hold my breath.

How about 4000 up?

[Jiddy78]

Yep...I'm just looking for the 4000 point one...

3800 to go...Let's break 10k!

[hannitykillspuppies]

Symbol Last Change
Dow 13,508.77 276.30 (2.00%)
Nasdaq 2,590.11 58.06 (2.19%)
S&P 500 1,484.41 33.68 (2.22%)
10-Yr Bond 4.80% 0.104
NYSE Volume 2,913,444,000
Nasdaq Volume 1,971,717,000

[Jiddy78]

Symbol Last Change
Dow 13,508.77 276.30 (2.00%)
Nasdaq 2,590.11 58.06 (2.19%)
S&P 500 1,484.41 33.68 (2.22%)
10-Yr Bond 4.80% 0.104
NYSE Volume 2,913,444,000
Nasdaq Volume 1,971,717,000


3500 to go.

[Vegas]

Let's see how the next couple of days go. But remember, it's always possible to make money in a down market.

[hannitykillspuppies]

3500 to go.

should be there by the middle of august

[hannitykillspuppies]

Let's see how the next couple of days go. But remember, it's always possible to make money in a down market.
not much is going to happen on saturday or sunday.

[Jiddy78]

Let's see how the next couple of days go. But remember, it's always possible to make money in a down market.



Capitulation?

http://www.hafdis.dk/pictures/silly/animals/Bear%20screaming%20at%20the%20camera.jpg

[Jiddy78]

Question for Vegas:

When the Dow drops 4-5k, where did all the wealth go?

[Vegas]

Question for Vegas:

When the Dow drops 4-5k, where did all the wealth go?

Into real estate usually.

[Jiddy78]

Into real estate usually.


I'm sorry. The correct answer is "hookers and booze." You get no points.

[Jiddy78]

Vegas is too quiet today...and he loves him some stock talk...How much damage buddy?

[Vegas]

Vegas is too quiet today...and he loves him some stock talk...How much damage buddy?

I'm down a few grand. I should have initiated some short positions earlier today but didn't.

[Jiddy78]

I'm down a few grand. I should have initiated some short positions earlier today but didn't.

I could sense it through the computer. That's fantastic. You're like a long lost cousin.

[Vegas]

I could sense it through the computer. That's fantastic. You're like a long lost cousin.

I've been through market cycles and am ahead of the game so I'm not going to lose any sleep.

[Jiddy78]

I've been through market cycles and am ahead of the game so I'm not going to lose any sleep.

Do me this favor...Pretend you are me and watch Jim Cramer tonight...Wifey is making me go to dance lessons so I can't enjoy the circus.

[Vegas]

Do me this favor...Pretend you are me and watch Jim Cramer tonight...Wifey is making me go to dance lessons so I can't enjoy the circus.

I have difficulty watching Cramer. His show isn't my cup of tea. He is a successful stock picker, but I just don't care for his style.

In the big selloff a few years ago, those who followed his advice made big money. When a lot of folks were bargain hunting (or catching a falling knife as my buddy Bill O'Neill calls it), Cramer told people not to buy any stock whose products you can't buy in a grocery store.

[Jiddy78]

I have difficulty watching Cramer. His show isn't my cup of tea. He is a successful stock picker, but I just don't care for his style.

In the big selloff a few years ago, those who followed his advice made big money. When a lot of folks were bargain hunting (or catching a falling knife as my buddy Bill O'Neill calls it), Cramer told people not to buy any stock whose products you can't buy in a grocery store.

Indeed, Cramer is a very, very knowledgable man....But once the secret is out, there is no more secret. His chips are all in the entertainment biz now...Substance is dead. Quintessential sellout. But hey, can ya blame him? Of course, unlike your story from the tech disaster, now his face will be the face of the sheeple masses falling off the cliff, rather than a light of hope more often than not.

[Vegas]

Indeed, Cramer is a very, very knowledgable man....But once the secret is out, there is no more secret. His chips are all in the entertainment biz now...Substance is dead. Quintessential sellout. But hey, can ya blame him? Of course, unlike your story from the tech disaster, now his face will be the face of the sheeple masses falling off the cliff, rather than a light of hope more often than not.

I don't completely agree with you. He still comes up with winning stock picks today. His trust portfolio gets a fine, fine return.

[Jiddy78]

I don't completely agree with you. He still comes up with winning stock picks today. His trust portfolio gets a fine, fine return.

Really? Last I checked some guy was running a website where they had a monkey make finger picks of stocks and it was beating Cramer....That's never a good sign.

[Jiddy78]

To even further this, a board I frequent CONSTANTLY rails cramer on his double talk...The guy's a flip flop. Although, part of that is because the stock market is a speculative game, so he gets tallywhacked every couple minutes with a flip flop...But still, he is the face of the game....And he will be the face of the next bust...

How many shows were cancelled post 9-11? Exactly.

[hannitykillspuppies]

Symbol Last Change
Dow 13,419.68 365.39 (2.65%)
Nasdaq 2,573.33 74.84 (2.83%)
S&P 500 1,474.98 43.11 (2.84%)
10-Yr Bond 4.779% 0.125
NYSE Volume 3,985,834,000
Nasdaq Volume 2,625,188,000

[Jiddy78]

Symbol Last Change
Dow 13,419.68 365.39 (2.65%)
Nasdaq 2,573.33 74.84 (2.83%)
S&P 500 1,474.98 43.11 (2.84%)
10-Yr Bond 4.779% 0.125
NYSE Volume 3,985,834,000
Nasdaq Volume 2,625,188,000

The fed will be pumping tomorrow...

[Vegas]

Check out the trade available today. I can't get a good chart to post, but there were clear entry/exit points for this one today:

Last Sale 1.40 Tick Down
Time of Last Sale 07/26/2007 15:49 Exchange CBOE
Net Change +0.18 Previous Close 1.22
Open 1.35 High 1.81
Bid 1.33 Low 1.20
Ask 1.38 Volume 6615
Open Interest 111607 Expiration Date 09/22/2007

[Jiddy78]

Check out the trade available today. I can't get a good chart to post, but there were clear entry/exit points for this one today:

Last Sale 1.40 Tick Down
Time of Last Sale 07/26/2007 15:49 Exchange CBOE
Net Change +0.18 Previous Close 1.22
Open 1.35 High 1.81
Bid 1.33 Low 1.20
Ask 1.38 Volume 6615
Open Interest 111607 Expiration Date 09/22/2007

Did you get in on it?

[Vegas]

Did you get in on it?

Nope. But I'll be at the computer early tomorrow probably making up for missing this one.

[Jiddy78]

Nope. But I'll be at the computer early tomorrow probably making up for missing this one.

Remember...The more you play...The bigger the probability the house wins. ;)

[Vegas]

Remember...The more you play...The bigger the probability the house wins. ;)

I prefer to say that the longer you sit on the sidelines, the more it will cost you in lose opportunity.

[Jiddy78]

I prefer to say that the longer you sit on the sidelines, the more it will cost you in lose opportunity.


IBC is to defense lawyers as Vegas is to late night paid programming speaker.

[Jiddy78]

Black Monday anyone?

[Vegas]

We'll see. I'll be ready to initiate short or long positions for the day either way.

[Jiddy78]

We'll see. I'll be ready to initiate short or long positions for the day either way.

Word on my street is a hunkahunka burnin' loss at the beginning of next week.

[Vegas]

Word on my street is a hunkahunka burnin' loss at the beginning of next week.

One of the cardinal rules is to never try to outguess the market. The trend is your friend.

[Jiddy78]

One of the cardinal rules is to never try to outguess the market. The trend is your friend.

Maybe...If yer not collectin 6% on cd's and watching from afar...

[Vegas]

Maybe...If yer not collectin 6% on cd's and watching from afar...

What are you counting on for an inflation rate to figure you're getting 6%??

[Jiddy78]

What are you counting on for an inflation rate to figure you're getting 6%??

The appreciation accordingly on my house and the opportunity cost of not paying an extra 5k for the stang in 3 years.

[Jiddy78]

Vegas, with bags under his bloodshot eyes, watches his fancy wristwatch's seconds hand tick tick tick...thinking to himself "Come on...Let the bell ring" whilst he impatiently waits for his chance to "recoup" his losses from last week, much like a gambler that caught a bad beat at poker taking a stroll to the roulette wheel...

[Vegas]

Vegas, with bags under his bloodshot eyes, watches his fancy wristwatch's seconds hand tick tick tick...thinking to himself "Come on...Let the bell ring" whilst he impatiently waits for his chance to "recoup" his losses from last week, much like a gambler that caught a bad beat at poker taking a stroll to the roulette wheel...

The futures are looking quite fine today. We should have some nice volatility, which should make for at least a couple easy option plays.

[Jiddy78]

The futures are looking quite fine today. We should have some nice volatility, which should make for at least a couple easy option plays.

Whipsaw over the next few weeks...Crushing the 201k losers like me. Good fun.

[Vegas]

Whipsaw over the next few weeks...Crushing the 201k losers like me. Good fun.

To answer your question "where's vegas?" the answer is he's going to the bank. This is a fine day.

[Jiddy78]

To answer your question "where's vegas?" the answer is he's going to the bank. This is a fine day.

I knew that before I woke up this morning. So easy...Why work?

[Vegas]

I knew that before I woke up this morning. So easy...Why work?

The steady paycheck and benefits are hard to beat.

[Jiddy78]

The steady paycheck and benefits are hard to beat.

And in doing so, you prevent a young buckeyed greenhorn engineer from advancing in the world...I expect you to change the world in his stead, lest ye may be restricting the advancement of the next new great technology. Hop to it.

[Vegas]

And in doing so, you prevent a young buckeyed greenhorn engineer from advancing in the world...I expect you to change the world in his stead, lest ye may be restricting the advancement of the next new great technology. Hop to it.

I wouldn't say I'm preventing any younger engineers from advancing. I've trained a lot of younger engineers over the years. It's one of the more satisfying parts of my work.

[Jiddy78]

I wouldn't say I'm preventing any younger engineers from advancing. I've trained a lot of younger engineers over the years. It's one of the more satisfying parts of my work.

Spare me your semantics, cockblock. :cool:

[Vegas]

http://finance.yahoo.com/q/bc?s=%5EIXIC&t=1d

Check out the abrupt changes.

[Jiddy78]

Looks like Vegas will be pumping his fist this morning again...Short squuuuuueeeeeeezzzzzzzzinnnn...

[Vegas]

Looks like Vegas will be pumping his fist this morning again...Short squuuuuueeeeeeezzzzzzzzinnnn...

You are correct.

[Jiddy78]

You are correct.

The Lord giveth...The Lord taketh away.

[Jiddy78]

The Lord giveth...The Lord taketh away.

http://www.puzzlepiecepro.com/blog/wp-content/uploads/2007/04/roller-coaster.jpg

[Vegas]

http://www.puzzlepiecepro.com/blog/wp-content/uploads/2007/04/roller-coaster.jpg

There's 3 fine option entries here:

http://finance.yahoo.com/q/bc?s=%5EIXIC&t=1d

[Jiddy78]

There's 3 fine option entries here:

http://finance.yahoo.com/q/bc?s=%5EIXIC&t=1d

*sniffs* Ahhhh....The smell of speculation in the air....

['Lifer]

I think it's more from the idea that we'll all get rich in this country by suing each other.

Afterall....that is the American Way.

[Vegas]

*sniffs* Ahhhh....The smell of speculation in the air....

Check out the chart now. There were 5 clear option entries today.

[Jiddy78]

Check out the chart now. There were 5 clear option entries today.

Yes there is...But where does all the money go? And from where does it...come?

Foundation of speculation. No diggity.

But Jiddy, you can MAKE money in a bear or bull market.

But Vegas, I can MAKE money without that crap.



Had a client come in today and scoff at me when he found out that I bought my new ride...

"That your new car out there"

"Yep"

"I thought you were an accountant"



Ouch.

[Vegas]

Yes there is...But where does all the money go? And from where does it...come?

Foundation of speculation. No diggity.

But Jiddy, you can MAKE money in a bear or bull market.

But Vegas, I can MAKE money without that crap.



Had a client come in today and scoff at me when he found out that I bought my new ride...

"That your new car out there"

"Yep"

"I thought you were an accountant"



Ouch.

What kind of car is an accountant supposed to drive?

[Vegas]

Check out the chart now. I missed the latest (and probably best short entry of the day).

[Jiddy78]

Check out the chart now. I missed the latest (and probably best short entry of the day).

http://www.andrew.cmu.edu/user/crm/mlb/2003/5%20-%20Los%20Angeles%20-%20Anaheim/Roller%20Coaster%20Up%20Hill.JPG

[Jiddy78]

What kind of car is an accountant supposed to drive?


He never knocked my sebring convertible...Last I checked, they were similar cars...One was just newer....

Kia, I guess?

[Jiddy78]

Oh man...The 201kers are not going to be pleased this week...

[Jiddy78]

Nutsaq futures right down the crapper...

http://www.waterencyclopedia.com/images/wsci_01_img0116.jpg

[Jiddy78]

To: Vegas

Love: Jiddy

AHM

[Jiddy78]

Watched Cramer last night...Fantastic...He's wearing a soldier's jacket and touting defense stocks as a "flight to safety in this bear market"...Then he says that even if the Bolshevik...er...democrats (yes, that's exactly how he stated it) get into office, he thinks Hillary will still pump the war fund, so it's a good way to go.

I thought her hubby was all about defense spending cuts...

???


Then he went on about how one must make money even if it is betting on more war...Some kind of "You gotta do what you gotta do...Them's the breaks" palabra...

That's when the remote switched.:rolleyes:

[Jiddy78]

When a 401k becomes a 381K, next on Where's Vegas...

[Jiddy78]

Vegas has thought of me much recently while reading his IBD editorials...and there will be so much more thinking of me to come.

[Jiddy78]

The aftermath of the biggest credit bubble in history...Coming soon to a "Where's Vegas" thread near you...

[BoredWithNoSB]

The aftermath of the biggest credit bubble in history...Coming soon to a "Where's Vegas" thread near you...


Its all good. I bought my house while Credit was still available. I still have my credit cards too.

The kids growing up will not have credit opportunities available to them from banks. I'll be the one with all the purchasing/lending power. I'll then offer my purchasing/borrowing power on to the secondary markets and become even more wealthy.

This will allow the rich to get richer as banks are unwilling to lend, rich individuals and Cash Now places will reap the benefit.

[Jiddy78]

The swimming shark is ready to feed...Dun Dun...Dun Dun...Dun Dun Dun Dun Dun Dun Dun Dun...DUN DUN DUUUNNNNN!!!

http://www.sec.gov/rules/final/2007/34-55970.pdf

[Jiddy78]

Its all good. I bought my house while Credit was still available. I still have my credit cards too.

The kids growing up will not have credit opportunities available to them from banks. I'll be the one with all the purchasing/lending power. I'll then offer my purchasing/borrowing power on to the secondary markets and become even more wealthy.

This will allow the rich to get richer as banks are unwilling to lend, rich individuals and Cash Now places will reap the benefit.

What the heck are you talking aboot?

[BoredWithNoSB]

What the heck are you talking aboot?

In the new economy borrowing money will be much tougher. So, college grad making $50K wants to go buy a house. Banks says NO! Same guy wants a credit card. Bank says no.

Mike already has credit and cash available to lend. When the banks say no, Mike says yes! (but at a nice interest point). Mike lends Joe a LOC at 30%. Mike only is paying 15% for that money. Mike makes 15%. Good return for Mike. Mike also rents his home out and since the rental market is so tight since nobody can buy, makes a killing.

Mike has the borrowing power and money. So, Mike gets richer, while Joe gets poorer.

[Jiddy78]

In the new economy borrowing money will be much tougher. So, college grad making $50K wants to go buy a house. Banks says NO! Same guy wants a credit card. Bank says no.

Mike already has credit and cash available to lend. When the banks say no, Mike says yes! (but at a nice interest point). Mike lends Joe a LOC at 30%. Mike only is paying 15% for that money. Mike makes 15%. Good return for Mike. Mike also rents his home out and since the rental market is so tight since nobody can buy, makes a killing.

Mike has the borrowing power and money. So, Mike gets richer, while Joe gets poorer.

You want to loan Joe "throw the keys on the table" Six Pack Money?!?

http://www.haxed.co.uk/gallery/albums/ownage/lmao-real.jpg

[Vegas]

There were far worse predictions about future credit after the S&L crisis in the late 80's. Everything shakes out with some tweaks to credit rules and requirements. There will always be credit available, because there will always be people who want to make money on their money.

[Jiddy78]

There were far worse predictions about future credit after the S&L crisis in the late 80's. Everything shakes out with some tweaks to credit rules and requirements. There will always be credit available, because there will always be people who want to make money on their money.

I agree....Just at a different price point...Thus...BOOM!

[Vegas]

I agree....Just at a different price point...Thus...BOOM!

That price point is determined by the market. No boom.

[Jiddy78]

That price point is determined by the market. No boom.

You're right...Not boom...THUD.

[Jiddy78]

Why do stocks/investments only "battle" to the upside? Just wondering.

[Vegas]

Why do stocks/investments only "battle" to the upside? Just wondering.

They "battle" all of the time in both directions. Support vs. resistance for instance.

[Jiddy78]

They "battle" all of the time in both directions. Support vs. resistance for instance.

Tricky fella...But I'm wondering why an article never says something like "Shares of Fannie Mae battled their way to zero today"

[Jiddy78]

Just decided to check the market..Yahoo front page: "The bulls are back on wall street"

Dow up 44 points.


The bulls are back?!? Sh*t. This thing is over and done with.


Vegas, whattaya think about the elimination of the uptick rule? Larger fraud I say. The end is nigh.

[Vegas]

Just decided to check the market..Yahoo front page: "The bulls are back on wall street"

Dow up 44 points.


The bulls are back?!? Sh*t. This thing is over and done with.


Vegas, whattaya think about the elimination of the uptick rule? Larger fraud I say. The end is nigh.

I don't like the elimination of the uptick rule, but there were ways around it especially using options. Elimination of the rule won't really change anything since stock prices are determined by fundamentals and not merely by traders.

44 points isn't so much that I'd say the bulls are back. We need to see a couple of days of accumulation.

[Jiddy78]

I don't like the elimination of the uptick rule, but there were ways around it especially using options. Elimination of the rule won't really change anything since stock prices are determined by fundamentals and not merely by traders.

44 points isn't so much that I'd say the bulls are back. We need to see a couple of days of accumulation.

Oh...Fraud. :p Kidding...A lot seem to be making a big deal about it...but without even ever trading I had a feeling it was being circumvented anyway....Anything to perpetuate the fraud. It is nice to see the SEC is on board...Gives me an idea where this thing is headed.

I'm still looking for a retrace of another 3000 points or so on the Dow.

[Vegas]

Oh...Fraud. :p Kidding...A lot seem to be making a big deal about it...but without even ever trading I had a feeling it was being circumvented anyway....Anything to perpetuate the fraud. It is nice to see the SEC is on board...Gives me an idea where this thing is headed.

I'm still looking for a retrace of another 3000 points or so on the Dow.

3000 Dow points? That's not going to happen.

[Jiddy78]

3000 Dow points? That's not going to happen.

Why?

[Jiddy78]

Why?

http://finance.yahoo.com/q/bc?s=%5EDJI&t=2y&l=on&z=m&q=l&c=

Right in lines with the housing fraud...

Besides, we've retrace a quarter of my original 4000 point assessment in just a couple weeks.

[Vegas]

Why?

We've already seen a good sized correction. To lose another 3000 points would mean that earnings in a neighborhood that's a long ways from where we are.

[Jiddy78]

We've already seen a good sized correction. To lose another 3000 points would mean that earnings in a neighborhood that's a long ways from where we are.

4000 up in 2 years? I'd say that we're in "reversion to the mean" mode...Especially with the largest credit bubble in history unwinding.

[Jiddy78]

Just decided to check the market..Yahoo front page: "The bulls are back on wall street"

Dow up 44 points.


The bulls are back?!? Sh*t. This thing is over and done with.


Vegas, whattaya think about the elimination of the uptick rule? Larger fraud I say. The end is nigh.

Ut ohhhhhhh...

Dow 13,236.53 Down 3.01 (0.02%)
Nasdaq 2,542.24 Down 2.65 (0.10%)
S&P 500 1,452.92 Down 0.72 (0.05%)

[Vegas]

Ut ohhhhhhh...

Dow 13,236.53 Down 3.01 (0.02%)
Nasdaq 2,542.24 Down 2.65 (0.10%)
S&P 500 1,452.92 Down 0.72 (0.05%)

I did say that it was too early to declare the bulls being back.

[Jiddy78]

I did say that it was too early to declare the bulls being back.

We're one one-thousandth of a percent of the way there to 3k. BOOYAH!

[Jiddy78]

I did say that it was too early to declare the bulls being back.

How much of the market do you think is leveraged with money that won't be paid back? I went with 4k at 14k...so I'm guessing about 30%. It's minimum 15%...WHOOOOOSSSSHHHH...Another grand is in the bank...but I smell blood.

[BoredWithNoSB]

How much of the market do you think is leveraged with money that won't be paid back? I went with 4k at 14k...so I'm guessing about 30%. It's minimum 15%...WHOOOOOSSSSHHHH...Another grand is in the bank...but I smell blood.

You feel like adding Stock, HELOCs, or profit to your prohibition list?

[Jiddy78]

You feel like adding Stock, HELOCs, or profit to your prohibition list?

HELOC is a good one. I won't add profit to it...but I would add "Denial of loss"...

[Vegas]

How much of the market do you think is leveraged with money that won't be paid back? I went with 4k at 14k...so I'm guessing about 30%. It's minimum 15%...WHOOOOOSSSSHHHH...Another grand is in the bank...but I smell blood.

Over 75% of stocks are held by institutional investors. I don't believe any of that is leveraged. If all of the remaining 25% was on margin, that would leave 12 1/2% at max. It can't be that high as a good amount of those holdings are in qualified plans where margin trading is not allowed. I don't know what that percentage is. I'd guess it's closer to a total of around 8%.

[Jiddy78]

Over 75% of stocks are held by institutional investors. I don't believe any of that is leveraged. If all of the remaining 25% was on margin, that would leave 12 1/2% at max. It can't be that high as a good amount of those holdings are in qualified plans where margin trading is not allowed. I don't know what that percentage is. I'd guess it's closer to a total of around 8%.

8%? Wishful thinking. 75% held, not owned.

[Vegas]

8%? Wishful thinking. 75% held, not owned.

How do you think the institutional investors settle trades?

[Jiddy78]

How do you think the institutional investors settle trades?


Agent capacity. A good foundation for the fraudsters...

[Vegas]

Agent capacity. A good foundation for the fraudsters...

Nope. They're bound to the same T+3 rule that you and I are.

[Jiddy78]

Nope. They're bound to the same T+3 rule that you and I are.

Fraud.

3000.

Nighty night.

[Jiddy78]

Fraud.

3000.

Nighty night.


Well good morning!!!

Dow 13,136.39 Down 100.14 (0.76%)
Nasdaq 2,526.04 Down 16.20 (0.64%)
S&P 500 1,441.92 Down 11.00 (0.76%)

[Vegas]

Well good morning!!!

Dow 13,136.39 Down 100.14 (0.76%)
Nasdaq 2,526.04 Down 16.20 (0.64%)
S&P 500 1,441.92 Down 11.00 (0.76%)

There's plenty of money to be made on down markets you know.

[Jiddy78]

There's plenty of money to be made on down markets you know.

Laughter > Money.

Let one out fella...MWA HA HA HA HAAAAAAA

[Vegas]

Laughter > Money.

Let one out fella...MWA HA HA HA HAAAAAAA

I've been laughing plenty this year. I expect to continue to do so.

[Jiddy78]

I've been laughing plenty this year. I expect to continue to do so.

Grease this pig another 2900 points and I'll be laughing with you...

[Vegas]

Grease this pig another 2900 points and I'll be laughing with you...

How do you arrive at the 3000 figure (and don't tell me you went to Bally fitness)??

[Jiddy78]

How do you arrive at the 3000 figure (and don't tell me you went to Bally fitness)??

I showed you the chart. Right back to zero (bout 10k) from the housing debacle around early 2005....You could argue inflation and growth (snickers) since then might mean slightly less than that, but I would argue that downward momentum will blow that away...The herd will overshoot the target...It always does...So I just call it a wash and look to 10k....

It's all fraud man. I do the books. It's all fraud. Everyone's bailing. The days where I had random f*cking people come into the office looking for an accountant's letter so they could rip the bank off a couple hundred grand are over. (We never did that...but they would come right in and ask us anyway...'twas quite the conversation: "I need a letter from an accountant saying I've been self-employed for the last two year. Well, have you? Where are your tax returns? No...I didn't work...I haven't filed. I just need the letter. Ummm...That's fraud? No it isn't. The bank told me to come ask themselves.")


Just like I told my Uncle last week...."You know those f*cking guys you, as a hard working son of a gun, ask yourself about over and over "How does he do it?" and it just defies logic but you can't put your finger on it....The answer to that is: They aren't making it and it does defy logic.

Occam's razor.

[Vegas]

I showed you the chart. Right back to zero from the housing debacle around early 2005....You could argue inflation and growth (snickers) since then might mean slightly less than that, but I would argue that downward momentum will blow that away...The herd will overshoot the target...It always does...So I just call it a wash and look to 10k....

It's all fraud man. I do the books. It's all fraud. Everyone's bailing. The days where I had random f*cking people come into the office looking for an accountant's letter so they could rip the bank off a couple hundred grand are over. (We never did that...but they would come right in and ask us anyway...'twas quite the conversation: "I need a letter from an accountant saying I've been self-employed for the last two year. Well, have you? Where are your tax returns? I haven't filed. I just need the letter. Ummm...That's fraud? No it isn't. The bank told me to come ask themselves.")


Just like I told my Uncle last week...."You know those f*cking guys you, as a hard working son of a gun, ask yourself about over and over "How does he do it?" and it just defies logic but you can't put your finger on it....The answer to that is: He isn't making it and it does defy logic.

Occam's razor.

Real estate will heat up again. It always does. And the stock market always weathers whatever storm is thrown at it.

What is your prediction for the Dow at the end of this year?

[Jiddy78]

Real estate will heat up again. It always does. And the stock market always weathers whatever storm is thrown at it.

What is your prediction for the Dow at the end of this year?

In one form or another I expect a retrace to give back the prior two years earnings...Be it through higher staple prices sucking it dry from the consumer or full blown meltdown crash...

I'm leaning towards the latter right now. As for timing, who knows...

[Vegas]

In one form or another I expect a retrace to give back the prior two years earnings...Be it through higher staple prices sucking it dry from the consumer or full blown meltdown crash...

I'm leaning towards the latter right now. As for timing, who knows...

Interesting. I've seen some market cycles. I don't see it nearly so bad.

[Vegas]

Joe Sixpack Is Likely Savior Of Wall Street

http://ibdeditorials.com/IBDArticles.aspx?id=271893934246377

The Wall Street brainiacs are panicked about sub-prime mortgages and the current stock-market correction. But Main Street investors — with their plentiful incomes and longer-term stock market horizons — ultimately may bail them out.

Main Street rescuing Wall Street? It's a compelling thought — not only for the stock market, but the economy at-large.

While Wall Street was busy conjuring up high-yielding bond packages that were heavily invested in unsustainable sub-prime mortgages — and distributing these collateralized debt obligations to big institutional investors around the world — Main Street was focused on the real economics of our nation.

To this day, the American labor force is going to work, running the millions of small owner-operated companies that provide the wellspring of our prosperity.

Main Street is benefiting from an unprecedented global boom that is stocking our stores with affordable goods and creating plentiful new jobs as U.S. firms service the rise of new export markets.

With a record 146 million men and women working, and the unemployment rate at a historically low 4.6%, the American labor force has increased its after-tax real income by a whopping $257 billion.

Nominal wages for non-supervisory workers alone have sprouted by $296 billion over the past year, according to Wall Street economist David Malpass. Average compensation per hour has grown 5.2%.

According to economist Joe LaVorgna, these high-income trends continue right to the present day. His tracking of employee tax withholding receipts collected daily by the U.S. Treasury shows 6% to 7% gains through early August.

All of this suggests that when adjustable rate mortgages are reset in the coming months and years, our large working population has the resources to handle it.

The pattern is the same for American business. After-tax corporate profits have grown $578 billion to $1.1 trillion over the past five years, which is why jobs, the economy and the stock market have performed so well. Very simply, profitable businesses are creating the jobs that are providing the incomes for families to spend. It's an enduring story: Second-quarter profits for S&P 500 companies increased more than twice what Wall Street expected.

Meanwhile, the Federal Reserve reports that businesses don't even need new loans.

Corporate cash flow is so strong that firms are generating $987 billion in funds internally, which actually is more than the $973 billion they are investing in new plants, equipment and office buildings.

Bottom line: While the sub-prime mortgage virus has temporarily infected banks, hedge funds, insurance companies and other institutions, most of Middle America is doing just fine, thank you very much.

Sheila Bair, the very smart chair of the Federal Deposit Insurance Corporation, told me in an interview that 85% of the outstanding sub-prime mortgages at her member banks are being serviced on time.

She also reports that the banking system is highly profitable and that capital adequacy is oversubscribed. Others report that less than 1% of the entire mortgage total in this country is in default, a minuscule amount.

The biggest problem in the stock market is that the sub-prime virus has caused a temporary credit and trading freeze. Markets already have devalued mortgage bond prices, but the banks are loath to acknowledge price drops that would mean sizable third-quarter profit losses.

This is silly and shortsighted. Countrywide, for example, the nation's largest mortgage lender, has seen its stock drop by 40%; Bear Stearns has fallen 35%.

The sooner financial companies liquidate their losses, the faster markets will return to normalcy. The system is de-leveraging, which in the long-term is a very healthy correction. Leveraged corporate loans actually are starting to trade-up once again, undoubtedly reflecting the money-good profits behind them.

Federal Reserve officials believe we have a temporary liquidity issue, not a solvency crisis. So, at the prevailing interest-rate target, the Fed and other central banks are prudently injecting $131 billion of new cash to "facilitate the orderly functioning" of markets.

Fed Chairman Ben Bernanke has it right.

So does President Bush, who is arguing against government bailouts, which would wind up rewarding banks, hedge funds and unscrupulous lenders for their poor judgment. (Do U.S. taxpayers really want to finance France's BNP Paribas?)

Market forces will see us through this correction. Bush also is on the money with his opposition to any and all tax increases, which would damage the work and business incentives that have been such a success in Middle America.

Nobody likes stiff stock market corrections. But if folks step back a bit they will see the many positives — the jobs, the incomes, and the profits — that will carry us through this difficult period.

They will see Main Street — working and prospering.

[Jiddy78]

Oh 13k, how little we knew ye...

[Jiddy78]

This might belong in neg, but what the hooey, I'm here:

http://www.bloomberg.com/apps/news?pid=20601080&sid=aEe5uFFGLKHk&refer=asia


Basis Capital Tells Investors Loss May Exceed 80%

Basis was founded in 1999 by Steve Howell and Stuart Fowler, who worked together at County NatWest. It was named ``Fund of the Year'' at the 2005 AsiaHedge awards and Macquarie Bank Ltd.'s ``Skilled Manager of the Year'' in 2004.

:p

[Jiddy78]

Aaaannnnnddd she's back...A profit taking jump.

[Jiddy78]

Think of it this way Vegas: This will be the greatest dip-buying opportunity in our lifetime.

;)

Dow 12,779.93 Down 81.54 (0.63%)
Nasdaq 2,450.38 Down 8.45 (0.34%)
S&P 500 1,399.44 Down 7.26 (0.52%)

[Vegas]

Think of it this way Vegas: This will be the greatest dip-buying opportunity in our lifetime.

;)

Dow 12,779.93 Down 81.54 (0.63%)
Nasdaq 2,450.38 Down 8.45 (0.34%)
S&P 500 1,399.44 Down 7.26 (0.52%)

I've heard about the greatest dip buying opportunity of my lifetime way too many times. I always keep in mind the words of my hero William O'Neal: Never catch a falling knife.

[Jiddy78]

I've heard about the greatest dip buying opportunity of my lifetime way too many times. I always keep in mind the words of my hero William O'Neal: Never catch a falling knife.

Yeah, but by the time I buy in all that will be left is rubble and cockroaches...and I'll most certainly miss the first couple legs up...

[Jiddy78]

That's one helluva comeback...Holy mother of velocity. Somebody pushed a button.

[swordfish]

That's one helluva comeback...Holy mother of velocity. Somebody pushed a button.

The printing press button? Inject it with the poison.

[Jiddy78]

The printing press button? Inject it with the poison.

I been spendin' most my life livin' in a gambler's paradiiisssee!!

[abreu]

Happy happy Friday. I'm sure the Jidster is just ecstatic right now.

Just wait till they cut the FFR

[Jiddy78]

Happy happy Friday. I'm sure the Jidster is just ecstatic right now.

Just wait till they cut the FFR


Smoke and mirrors m'boy...#1, the fed's actions speak louder than words...I see a 6 billion drain and a 5.35% out there thus far...and #2, if the fed's discount window is opened, what does that tell real investors about the current state of the market?

[Jiddy78]

Happy happy Friday. I'm sure the Jidster is just ecstatic right now.

Just wait till they cut the FFR

What? $10,000 cups of coffee?

[Jiddy78]

Happy happy Friday. I'm sure the Jidster is just ecstatic right now.

Just wait till they cut the FFR

To get you thinking: How did the market perform during 17 straight rate increases over the past few years?

[abreu]

To get you thinking: How did the market perform during 17 straight rate increases over the past few years?
Eh. I guess you could say it was just alright...

[Jiddy78]

Eh. I guess you could say it was just alright...

My avatar is laughing.

[Vegas]

To get you thinking: How did the market perform during 17 straight rate increases over the past few years?

Maybe a better question is how the market performed while the fed increased rates.

[Jiddy78]

Maybe a better question is how the market performed while the fed increased rates.

Elaborate? If I'm getting enlightened, I demand understanding before acceptance.

[Vegas]

Elaborate? If I'm getting enlightened, I demand understanding before acceptance.

Mr. Greenspan kept his foot on the brakes way too long more than once.

[Jiddy78]

Mr. Greenspan kept his foot on the brakes way too long more than once.

Tech drop?

The free market wants pain. It'll be interesting to see how much control the fed has in this thing.

[Vegas]

Tech drop?

The free market wants pain. It'll be interesting to see how much control the fed has in this thing.

The tech drop had to happen as too many stocks were overbought. Companies with no hope of making profit were selling for crazy amounts of money. Whatever the fed did or didn't do wasn't going to "help" the tech sell off.

[Jiddy78]

The tech drop had to happen as too many stocks were overbought. Companies with no hope of making profit were selling for crazy amounts of money. Whatever the fed did or didn't do wasn't going to "help" the tech sell off.


Much like housing and its collateral damage on consumer spending....

[Jiddy78]

Now I get the discount rate reduction:

http://www.latimes.com/business/printedition/la-fi-countrywide17aug17,0,5944637.story?coll=la-headlines-pe-business

[Vegas]

Now I get the discount rate reduction:

http://www.latimes.com/business/printedition/la-fi-countrywide17aug17,0,5944637.story?coll=la-headlines-pe-business

There's a good old-fashioned bank run for you.

[Vegas]

How about that finish today? I wish I could find the post where someone said that volatility is good. I need to rep that guy.

[Jiddy78]

Buy The Dip!!

[Vegas]

How about the action in the markets this week, Jid? I think I can still afford to eat.

[Jiddy78]

How about the action in the markets this week, Jid? I think I can still afford to eat.

How ya doin over the last 2? ;)

[Vegas]

How ya doin over the last 2? ;)

Over the past two weeks I'm down about 4 grand.

[Jiddy78]

Over the past two weeks I'm down about 4 grand.

Welp...That leaves the scoreboard at:

Vegas 57
Jiddy 1

I'm closing the gap.

[Jiddy78]

Rubble and cockroaches.

[Jiddy78]

That's 2 for me.

[Jiddy78]

Looks like Vegas isn't liking what IBD has informed him today.

[Vegas]

I was out of town all day yesterday. I had to get up at 4 am to catch a flight and didn't get home until after dark and was pretty tired.

[Jiddy78]

I was out of town all day yesterday. I had to get up at 4 am to catch a flight and didn't get home until after dark and was pretty tired.

You should leave more often. :cool:

[Vegas]

You should leave more often. :cool:

That trip cost me some good money. The volatility lately has made for easy money.

[Jiddy78]

That trip cost me some good money. The volatility lately has made for easy money.

Of course, the zero sum kind which everyone is looking for...not the profit kind.

[Jiddy78]

Vegas' business plan:

1. Log onto Ameritrade.

2. ?

3. Profit.

[Vegas]

Of course, the zero sum kind which everyone is looking for...not the profit kind.

You are correct.

[Vegas]

Vegas' business plan:

1. Log onto Ameritrade.

2. ?

3. Profit.

You left out step 0 where you do the research.

[Jiddy78]

You left out step 0 where you do the research.

Time to go to work
Work all day
We need stock options hey!
We won't stop until we have hedge funds!
Yum tum yummy tum tay!
Time to go to work,
Work all night,
Search for put options to play!
We won't stop until we have zero sum!
Yum tum yummy tum tay!

[Vegas]

Time to go to work
Work all day
We need stock options hey!
We won't stop until we have hedge funds!
Yum tum yummy tum tay!
Time to go to work,
Work all night,
Search for put options to play!
We won't stop until we have zero sum!
Yum tum yummy tum tay!

Start out by looking at historical charts. Look for definite patterns of reversals and such. When you are comfortable that you have a winning strategy, you wait for the same conditions to happen again. When they do, you're ready to make a trade.

[Jiddy78]

Start out by looking at historical charts. Look for definite patterns of reversals and such. When you are comfortable that you have a winning strategy, you wait for the same conditions to happen again. When they do, you're ready to make a trade.

Imagine this:

You have this buddy who is offering to buy you dinner...He owns a timeshare, is talking about potentially buying a condo in Vegas, has friends that play poker for a living and is trying to give you stock tips. Would you go to this dinner with anything other than the most skeptical of skepticism or what?

[Vegas]

Imagine this:

You have this buddy who is offering to buy you dinner...He owns a timeshare, is talking about potentially buying a condo in Vegas, has friends that play poker for a living and is trying to give you stock tips. Would you go to this dinner with anything other than the most skeptical of skepticism or what?

LOL That's one of the funniest posts ever.

But you're missing the point. I very rarely give stock tips. I advocate doing your own research. Nobody cares more about my money than I do. Nobody will care more about your money than you do.

And I'll still buy you a dinner. My meeting yesterday in Reno was with the folks from Florida. Next time I'll probably go there.

[Jiddy78]

LOL That's one of the funniest posts ever.

But you're missing the point. I very rarely give stock tips. I advocate doing your own research. Nobody cares more about my money than I do. Nobody will care more about your money than you do.

And I'll still buy you a dinner. My meeting yesterday in Reno was with the folks from Florida. Next time I'll probably go there.

How about we skip dinner and go halves on a late night informercial...You can be the star and tout stock trading and my head will pop up in a bubble in the corner of the screen every now and then with something witty like "You f*cking idiot...Go to bed before you lose all your f*cking money" or "You really believe this sh*t? Enjoy the dog food in retirement."...Then you can keep on trucking like nothing happened with the stock touting...

We could be selling one of those "choose your own adventure books" but for speculating..."Go to page 69 if you want to buy the house with zero down on negative amortization"..."Go to page 123 if you would like to save your pennies for a 20% downpayment and fixed mortgage"

On page 69, we could put a picture of a hooker with some champagne followed by "Now proceed directly to page 999" and then we can put a picture of a bankruptcy attorney and a "Congratulations, you get to read again...Please return to page 1"

On page 123, we can put "Oh, I'm sorry, you died of a terminal disease while saving and will never experience home ownership...Have a nice day."

Copyright Jiddy 8/29/07

[Jiddy78]

Nasdaq 2,564.96 -49.36 -1.89%



Vegas is having a rough start to the weekend....

[Jiddy78]

Nasdaq 2,564.96 -49.36 -1.89%



Vegas is having a rough start to the weekend....

http://z.about.com/d/thyroid/1/0/X/8/depressed.jpg

[Jiddy78]

So Vegas...After today's gains...Do you have your scalpel ready to make some real money in the morning?

[Vegas]

So Vegas...After today's gains...Do you have your scalpel ready to make some real money in the morning?

If I'm not traveling, I'm always ready to make some real money in the morning. This week has been fine. Next week I'll be in Hawaii and will have to wake up at too early of an hour (based on the local time).

[Jiddy78]

If I'm not traveling, I'm always ready to make some real money in the morning. This week has been fine. Next week I'll be in Hawaii and will have to wake up at too early of an hour (based on the local time).

Hawaii again? Jebus...You must like hellalong flights...I'm still smarting from our trip to San Fran last month...No more long flights for me...A pain in the ass all the way through...and I didn't even check luggage...

[Vegas]

Hawaii again? Jebus...You must like hellalong flights...I'm still smarting from our trip to San Fran last month...No more long flights for me...A pain in the ass all the way through...and I didn't even check luggage...

I go to Hawaii every year. I don't much care about the long flights, but it does give me a chance to get some reading done. We used to only go for a week, but with the long flights it's better to stay over there for two weeks.

[Jiddy78]

So Vegas...After today's gains...Do you have your scalpel ready to make some real money in the morning?


And we're off!!! :p

[Jiddy78]

And we're off!!! :p

Oh crap...The market is "battling" ;)

[Vegas]

Oh crap...The market is "battling" ;)

Don't worry about me. I paid for my vacation this morning.

[Jiddy78]

Don't worry about me. I paid for my vacation this morning.

You're more than welcome to worry about me on your vacation to make up for my lack of worrying about you...Keep the balance and all...

[ryr8828]

I contributed to the US economy this morning in my usual way.

[Jiddy78]

I contributed to the US economy this morning in my usual way.

Green fees?

[ryr8828]

Green fees?

Purchases at the parts store, gas station, and car wash.

Have to keep that money in circulation.

Then in an hour it's a $100 check to the SIU men's golf team.

[Vegas]

I contributed to the US economy this morning in my usual way.

I thought you meant being productive and going to work. That's where it's at.

[Jiddy78]

I thought you meant being productive and going to work. That's where it's at.


Don't listen to this fast talker ryr...After you've slaved for 20 years or so, he'll be pointing out how you are eating dog food because you didn't invest in the "proper way"...

[Vegas]

Don't listen to this fast talker ryr...After you've slaved for 20 years or so, he'll be pointing out how you are eating dog food because you didn't invest in the "proper way"...

Actually, there isn't one "proper way" to invest IMO. There are several/many fine ways to invest that will enable you to not eat dog food later in life.

[Jiddy78]

Actually, there isn't one "proper way" to invest IMO. There are several/many fine ways to invest that will enable you to not eat dog food later in life.


Yes...and none of them mine.


HAPPY INTEREST RATE DAY!!!! (whores)

[Vegas]

Yes...and none of them mine.


HAPPY INTEREST RATE DAY!!!! (whores)

If you give me your address, I'll be happy to get you a nice can opener for your dog food when the time comes.

[Jiddy78]

If you give me your address, I'll be happy to get you a nice can opener for your dog food when the time comes.

Send me the dogfood now and I'll hock it for a couple million when I hit retirement age....

[Jiddy78]

A half point cut...The whores are pleased...The Feds are scared.

Party on Wayne!!! :rolleyes: