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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: SwampDogg who wrote (157520)	5/7/2009 7:07:37 PM
From: Rocket Red	Respond to of 313156

Well the frogs have turned into Prince's already and buy recco's out on them but you go ahead as your short for x many days already but one red day don't cover your short Most shorts are getting killed now

To: SwampDogg who wrote (157520)	5/7/2009 7:13:13 PM
From: Rocket Red	Read Replies (1) \| Respond to of 313156

Example BAC low 2.63 now 15 who is winning not the shorts

To: SwampDogg who wrote (157520)	5/7/2009 7:25:26 PM
From: Rocket Red	Respond to of 313156

Wells Fargo, Citigroup to Raise $18.5 Billion After Stress Test Share \| Email \| Print \| A A A By Josh Fineman May 7 (Bloomberg) -- Wells Fargo & Co., Citigroup Inc., Bank of America Corp., Morgan Stanley and Regions Financial Corp. are raising at least $18.5 billion after the government’s stress test found the banks had too little common equity to withstand a prolonged recession. Wells Fargo said today it will sell $6 billion of common stock to the public, while Morgan Stanley aims to raise $5 billion by selling stocks and bonds and Citigroup is exchanging an additional $5.5 billion of preferred securities into common stock. Regions Financial Corp. said it’s studying options to raise $2.5 billion, and Bank of America will sell common stock. “People want to get into these banks now,” said Ralph Cole, a money manager at Portland, Oregon-based Ferguson Wellman Capital Management Inc., which oversees $2.2 billion. “It does feel like the tide has turned somewhat.” The Federal Reserve determined that 10 U.S. banks must raise a total of $74.6 billion, concluding its unprecedented probe of the health of the nation’s 19 largest lenders. The banks will have six months to fill their capital shortfalls, and may be forced to accept expanded federal ownership that could prompt changes in their management. Companies that the government has determined don’t need additional capital, such as American Express Co., are already laying plans to repay funds received through the Troubled Asset Relief Program. The biggest U.S. credit-card company said today that it filed a request with the Fed to repay $3.4 billion in federal aid. Dimon’s Payment Plan At JPMorgan Chase & Co., which also doesn’t need more capital, Chief Executive Officer Jamie Dimon said today that he wants to repay the funds quickly. Kelly King, CEO of Winston- Salem, North Carolina-based BB&T Corp., echoed the sentiment, saying in a statement today that he wants to repay government funds “as soon as possible.” Some analysts remained skeptical about whether the fundraising will succeed. “The problem with selling in the public market is that the prices of these institutions are depressed, particularly over the purchase prices of many shareholders,” said BillMutterperl, an attorney at law firm Reed Smith and a former vice chairman at PNC Financial Services Group Inc. “That’s going to have a dilutive effect.” Wells Fargo, the biggest U.S. mortgage originator, must raise $13.7 billion, the government said today. The San Francisco-based lender may face losses for 2009 and 2010 of $86.1 billion, or 8.8 percent of total loans. Bank of America, the largest U.S. bank, needs $33.9 billion, according to the government. It could have losses during the next two years of $136.6 billion, or 10 percent of total loans. The bank, based in Charlotte, North Carolina, plans to sell common stock and convert preferred shares into common equity, Chief Financial Officer Joe Price said in a statement today. The bank is also considering the sale of its Columbia Management mutual fund group and may consider joint ventures, according to the statement. To contact the reporter on this story: Josh Fineman in New York at jfineman@bloomberg.net Last Updated: May 7, 2009 19:02 EDT DeliciousDiggFacebookLinkedInNewsvinePropellerYahoo! Buzz Advertisement: GREAT BOOK! Fibonacci Analysis by Constance Brown

To: SwampDogg who wrote (157520)	5/7/2009 7:38:36 PM
From: robnhood	Respond to of 313156

These ain't eatin herrings, these is trading herrings.

To: SwampDogg who wrote (157520)	5/7/2009 8:24:00 PM
From: marcos	Read Replies (1) \| Respond to of 313156

Market stopped going down on bad news ... just got tired of hearing ugliness, its tiny little brain probably all numb by now anyway ... so what else is there to do, maybe try another direction They've fixed all the problems, in any case - instead of old-fashioned clipping of coins or any of that crude 'printing', they've got a 'quantitative easing programme' ... see how easy that was? - no point in worrying about qualitative easing either, they'll handle that just fine I can't see shorting anything, except 'money' ... go borrow some, buy anything that if you drop it on your foot it hurts, metals say, or at least makes your boot greasy, like oil