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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (24532)10/26/2007 12:42:57 PM
From: elmatador  Read Replies (1) | Respond to of 217881
 
Just watched documentary about Robert McNamara. I thought Dr. Strangelove was Edward Teller -so I had read- but it was McNamara. His middle name was Strange.

Peter Sellers character portrayed him beautifully. I study the technocracy that raise after the Depression, that one that was replaced by the neo-cons.

You should see it: The documentary was made when he was 85: "Fog of War"

According to klaser this age the guy's brain is a bit transformed and speak up.

Can recall Kirk Douglas talking about women on a an interview.

One thing is for sure: Old people are not politically correct.



To: TobagoJack who wrote (24532)10/26/2007 3:16:15 PM
From: Crimson Ghost  Read Replies (3) | Respond to of 217881
 
I am holding my GLD position but have taken an equal position in the yen via FXY.

Yen acting EXTREMELY WELL today -- down just slightly as markets soar.

Yen will explode once the markets start to correct IMHO.



To: TobagoJack who wrote (24532)10/26/2007 10:14:58 PM
From: Dr. Voodoo  Respond to of 217881
 
Recent Days Report:

I never lost any money by taking a profit <g>.

As I was completely unaware of the timing of decision in looney land regarding energy trusts, my system told me to sell. So sell first, then tinker with system until convinced otherwise.

Whether system involves tea leaves, small mammals, reflexology, astrology etc...... first follow system,,, tinker later.

My take:

1.) Rate cut is priced in (86% believe at least 0.25, 16% of those believe 0.5 is warranted.) I believe the other 14% were trying chew shoelaces while sticking straws in their nose.
2.) Earnings thus far good. Guidance thus far ~ good.
3.) CFC reporting they will manufacture a profit next quarter no matter how many sets of books they have to keep.
3.) Merril up big on CEO martyrdom by way of golden parachute.
4.) Oil, gold and equities up, dollar down ad nauseum all the time gets boring. G7 complaint, Paulson lipservice, Fed must deflate exuberance from run on dollar.
5.) AMZN investors punished by script if for no other reason.
6.) Despite most enormous upside in last 24 hours, GC futs trading on lower volume than recent higher highs.

So my wishful thinking begins in Mexico, where:

Weather Ends. Gold and Oil Selling because High Inventories Turned up OverNight. Dollar Up Big, Yen Appreciating.

<ok, so this is very wishful thinking>

News from the front:

Thanked the MSFT people for giving me ~10% free money for only 3 days effort. Had to know software was going with all those chips INTC was selling. Message 23996064

Kicked self for not buying BG at your behest. Kept waiting for cheap. Cheap never came. Can only hope that bean mashers are making as much money as bean movers. Perhaps 300 million fat little emperors cannot be wrong?

Message 23985449
Message 23993448

Option prices being what they are, I was able to repair damage inflicted upon HNP position by:

Selling Nov 50 Calls @2.30 Using said profits to scoop up Nov 45 puts @ 1.00, which may be needed in case of emergency.

A neutral but happy solution that unwinds all worst case scenario in 3 weeks. A process that can be repeated to infinity and beyond :)

Though tempting, alas, science called and I was not able to deploy troops into AUY again, perhaps still time on Monday to sell calls to the undeserved, reaping benefits, plowing into puts, for projected near term win, long term win, worst case win again.



To: TobagoJack who wrote (24532)10/26/2007 10:35:48 PM
From: Dr. Voodoo  Read Replies (1) | Respond to of 217881
 
Several friends suggesting commercials net short and may be forced to cover. If such is true, I may wet myself. Put on nice leather shoes to kick self, do what is needed.

Perhaps go swimming.

Message 24001963

However, if such were true, GC futs would be a crowded bar with lots of pretty girls serving drinks. Does not seem so yet, however still have to look more carefully at downticks.

I feel as though, the current market behavior is only to price in what was supposed to be a 0.25 cut, that is now much perhaps overdone.