Tuesday, October 4, 2011

WARNING: (UPDATED)

Be very very careful here. I have warned several times in the last 6 weeks about being long ANYTHING.

Right now Margin Stanley is trading under $12 premarket down 4.5%. This is the start of the next crash.

I will be looking at the Canadian banks today, especially TD to put on new trades.

I may close out 75% of XOM PUT as it sitting on the $70 premarket right now, for a 4 day profit of 100%. Whoever saw this trade live (Chalmers I think!) is a classic example of channel trading off the MA FJ candle.

The domino can fall at any moment. BE CAREFUL. You've been warned.

UPDATED: BEN IS TALKING RIGHT NOW ALL BETS OFF. BE QUICK ON THE KEYS!!!
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19 comments:

  1. Captain CornholeOctober 4, 2011 at 9:28 AM

    NYPD Corrupt? Police Accepted $4.6 Million from JP Morgan Chase

    While officers with the NYPD are strictly forbidden from accepting donuts from the peaceful protesters, the department gleefully and gratefully accepted millions of dollars from the large financial institution. And people were wondering why the police were being complete jerks to those who represent the 99 percent of Americans who are struggling to make a life every day. Of course! The banksters paid 'em off! Is it really surprising, though? The best way for oligarchs to keep their serfs in line is to pay off and bribe those folks charged with "upholding" the law.

    http://news.gather.com/viewArticle.action?articleId=281474980465009

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  2. Green TrivialOctober 4, 2011 at 9:48 AM

    Cool video covering the protests. Also mentions core movement is made of Ron Paul supporters and anti-Obama. http://www.youtube.com/watch?v=lLLv3XR9zaI&feature=channel_video_title

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  3. silvergoldsilverOctober 4, 2011 at 9:52 AM

    Those not making money shorting TD form yesturdays reco right now should quit trading.

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  4. Captain CornholeOctober 4, 2011 at 10:01 AM

    FOX NEWS BOWS TO THE PRESSURE:

    Fox is already cowering down to the Pressure.

    In response to President Obama's complaint that FOX News doesn't show enough Black and Hispanic people on their network.

    FOX has announced that they will now air "America 's Most Wanted" TWICE a week.

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  5. silvergoldsilverOctober 4, 2011 at 10:05 AM

    I will be active on twitter keep on to the pace today

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  6. Truths1981October 4, 2011 at 10:05 AM

    when does bernank speak? 2:15pm?

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  7. Truths1981October 4, 2011 at 10:06 AM

    nm ... looks like he spoke already ..

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  8. Green TrivialOctober 4, 2011 at 10:10 AM

    "silvergoldsilver said...

    Those not making money shorting TD form yesturdays reco right now should quit trading."

    Good call. I`m short financials myself since few days ago. FAZ is paying quite nicely atm. I don`t descriminate, banks suck across the board.

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  9. silvergoldsilverOctober 4, 2011 at 10:17 AM

    he speaking NOW! look at twitter feed for live link

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  10. MCOctober 4, 2011 at 10:20 AM

    WTF is up with the silver miners right now?, getting fucking owned

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  11. rush7October 4, 2011 at 10:31 AM

    @MC, For no other reason other than they are stocks, IMO.

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  12. rush7October 4, 2011 at 10:37 AM

    "What tools do you have?" and he answers with helping ECB, supervising banks, and stand ready to provide backstop liquidity. It sounds like printing is on the table, just not now.

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  13. MCOctober 4, 2011 at 10:47 AM

    "we are sort of innocent bystanders right now"


    best ben quote ever?

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  14. reefmanOctober 4, 2011 at 10:50 AM

    Bernanke's voice is TREMBLING again! Last time that happened was when he said he could "raise interest rates in 15 minutes" on CBS.

    http://www.c-span.org/Events/Fed-Chairman-Updates-Congress-on-Economic-Outlook/10737424526-1/

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  15. reefmanOctober 4, 2011 at 11:00 AM

    Burgess really let Bernanke have it. I am liking this questioning. "Is the only thing you have left is the printing press, Mr. Bernanke?"

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  16. rush7October 4, 2011 at 11:02 AM

    This fucking grandstanding is rediculous. Get to your damn questions and don't tell an hour-long story beforehand.

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  17. Captain CornholeOctober 4, 2011 at 11:03 AM

    We have reason to think Freddie was being willfully ignorant. An examiner at Freddie's regulator, the Federal Housing Finance Agency, warned that the majority of foreclosures were going uncounted in March 2010. Sure enough, in June 2011, regulators told Freddie that their review process was ignoring "over 93% of the year-to-date foreclosures from the 2005 and 2006."


    Funky mortgage math designed to appease the big banks should sound familiar. Credit rating agencies gave AAA-ratings to huge tranches of mortgage-backed securities based on surreal models. This enabled them to earn fees from the investment banks sponsoring those offerings. In 2008, these quid pro quo arrangements contributed to the credit crash. You would think by 2010 people would have known better.

    Perhaps they did.

    http://www.theatlantic.com/business/archive/2011/10/house-of-cronies-is-freddie-mac-incompetent-or-corrupt/246039/

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  18. goboy9October 4, 2011 at 11:20 AM

    fyi anon has stated they will bring down nyse next monday;

    http://www.youtube.com/watch?v=Gz0swK0mpMk

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  19. ScottJOctober 4, 2011 at 12:28 PM

    @ goboy

    Anonymous is PSY-OP.

    You cannot have an anonymous leader who is hacking mainstream websites. The Mainstream Reaction will be to DEMONIZE the internet and TRUTH. Cue INTERNET regulations and censorship.

    They are coming after the internet....
    It is too powerful....

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