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

To: RockyBalboa who wrote (5142)3/18/2009 2:07:56 PM
From: cubsfan  Read Replies (1) | Respond to of 6370
 
I can't disagree with that - C up 250% in 2 weeks from $1.

But if the "mark to market" issue changes today - as is
speculated - it let's a lot of these banks change the marks
on their portfolios - marked up for cash flow instead of last trade.

So if that's the decision, like lots think it will be -
you probably right that there is huge short covering going
on that last week or so. Maybe they thought they could short
C to zero.

If this mark to market accounting issue is not relaxed -
watch 'em fall.



To: RockyBalboa who wrote (5142)3/18/2009 10:18:21 PM
From: peter michaelson1 Recommendation  Read Replies (3) | Respond to of 6370
 
Seems like everyone is working the same game plan - full court press. Probably coordinated by government and business leaders. The mission is to restore some semblance of confidence. It was getting dangerously low in late February... and I don't use the term 'dangerously' lightly. I think the new U.S. administration was quite frightened.

Is it just me or is banking up tooooo far and too fast. Something stinks


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