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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (4410)	10/13/2008 7:01:23 AM
From: RockyBalboa	Respond to of 6370

RBS is one more reason why I am continuing to bet against banks. It shows how little banks are worth. Ultimately FNM, FRE, AIG, RBS are good examples for the ultimate stock prices of banks. Today I bought RBS stock at 95 cents, but only because the market is so strong and even weaker stock rise (it did recover a bit). MS may rise in anticipation of the UFJ deal. This is a very thin lifeline. The deal terms are that onerous (for the investor) that in comparable examples the investors regularly walked away. If the deal terms are adjusted to the new lower market price, the management is unhappy because options are clearly worthless then. So... they can´t "give away" MS. Fade time.

To: RockyBalboa who wrote (4410)	10/19/2008 10:07:55 PM
From: RockyBalboa	Respond to of 6370

First impressions from china, the liquidity is much smaller and sellers were more trigger ready than recently, at the preopening. While we are up nontheless, sellers lurk on every corner. I got nearly lost in the opening rounds where the gap was nearly closed and I looked quickly at a 100points loss. The index counts a gain of 2% or so and it tries the bounce from a lower level, like the australian markets. Still.... look at the bright side of it. It is up and the size and speed not provocing new sellers... this is why it could actually work. EDIT, Once more I decided to go short. If it would take 15000 this is gone, but for now thheres zero danged that this occurs. The dumb long trade looks simply too easy..., it s still sucker opening time.