RSS available
| MarketTicker Forums Read Message in Ticker |
User: Not logged on
|
| Top | Forum Top | Login | Control Panel | FAQ | Register | Logout |
| Showing Page 1 of 2 | First | 1 | 2 | Last |
| User Info | Wheelie Wednesday? in forum [Ticker] | ||||
|
Genesis Posts: 71406 Incept: 2007-06-26 
KD^2 
|
http://market-ticker.denninger.net/2007/....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2007-07-11 16:36:04
Permalink | ||||
|
Nightowl Posts: 2279 Incept: 2007-06-26 
On a 45 for 18
|
Quote:God I wish there were AHM shares available to short.... I've wanted to short that pig for months with all the financial "engineering" they've engaged in I got em!! You can't have them!! 454 beautiful shares that I actually thought about covering last week. 
2007-07-11 16:56:53
Permalink | ||||
|
Genesis Posts: 71406 Incept: 2007-06-26
KD^2
|
 ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2007-07-11 17:00:10
Permalink | ||||
|
Sg Posts: 132 Incept: 2007-06-29
|
motorola just whiffed hard
2007-07-11 17:10:54
Permalink | ||||
|
Genesis Posts: 71406 Incept: 2007-06-26
KD^2
|
Hindenburg CONFIRMED (original post updated) ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2007-07-11 17:11:38
Permalink | ||||
|
Sg Posts: 132 Incept: 2007-06-29
|
goldman saying that a number of european companies are starting to violate covenants per bloomberg.
2007-07-11 17:17:42
Permalink | ||||
|
Bobbylaw Posts: 318 Incept: 2007-07-08 Los ANgeles
|
ANother great post that allows me to sleep at night with my July puts... wondering why the q's/futures are still up so much with the mot/mu news, though...like you've said prev. hopefully the strong a/h action in the q's & the futures prove meaningless by the open... Thanks for the faith injection....
2007-07-11 17:37:13
Permalink | ||||
|
Sandra Posts: 3730 Incept: 2007-06-27
New York, NY
|
sg, can you post the link for that bb article. I can't find it. Or, is on the regular terminal bb? Use {URL http:etc} except use "" instead of "{"
2007-07-11 17:38:57
Permalink | ||||
|
Uncleoxidant Posts: 1704 Incept: 2007-07-10 Stumptown
|
The Alt-A implosion doesn't really get going in earnest until late 2008 (according to Credit Suisse graph that's been making the rounds) - it really gets going in 2009 when all those interest-only's start to reset. We've got a long roller coaster ride ahead of us (mostly downhill from here).
---------- I am NOT a consumer, I am a Citizen!
2007-07-11 17:46:03
Permalink | ||||
|
Ilikethehype Posts: 573 Incept: 2007-06-26 
|
lol, good thing everything will be better in 2008. 
---------- Bernanke himself revealed the various policy measures the Fed might take in response to a crisis: buying government bonds, providing overdrafts and other short-term credits to banks, currency swaps (to boost the dollar), and "securities lending," that is, lending money to institutions to buy stocks. URL htt
2007-07-11 18:02:17
Permalink | ||||
|
Etz3l Posts: 9103 Incept: 2007-06-26
Online
|
Here is the article on European firms breaching loan covenants http://today.reuters.com/news/articleinv.... ---------- Treating the symptoms of financial corruption isn’t the same as removing the causes.
2007-07-11 18:13:11
Permalink | ||||
|
Eleua Posts: 9906 Incept: 2007-07-05
N 47.72/ W 122.55
|
Was that CFC July $30 purchase one buyer, or the aggregate on the day? Granted, one person doesn't make the market, but if they have a good nose, the payoff is going to be fabulous. I have a boatload of July CFCs (30s & 35s), so I need one good downdraft to get out-n-green on those. If this pig hits the 20s by next week, it will be almost as good as angry sex. ---------- http://clearcutbainbridge.blogspot.com/
2007-07-11 18:35:46
Permalink | ||||
|
Genesis Posts: 71406 Incept: 2007-06-26
KD^2
|
I don't know - I don't have time and sales. It was clearly a purchase though, as there was no bid and they went at the offer (since there was no bid they had to!) It was also definitely institutional. There's no way to know if it was an insurance purchase (e.g. someone with a million shares they wanted to hedge cheaply against a total implosion), speculative by someone who's going to come and hammer the **** out of the stock (e.g. a hedgie intending to short the **** out of it in the coming days), a "Hail Mary" (if it hits, its a Powerball ticket), or someone with inside information due to a leak. Whatever the case is, those were SO speculative they had no bid at all on them. So they're either a zero or hero - there's no middle ground on this one, and if its a leak, someone is expecting a major ****storm within the next week and a half. Time's short on that fuse. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2007-07-11 18:39:25
Permalink | ||||
|
Sandra Posts: 3730 Incept: 2007-06-27
New York, NY
|
etz31, thanks. Very interesting.
2007-07-11 18:40:49
Permalink | ||||
|
Ruffcut Posts: 2188 Incept: 2007-07-07 Mushagain Online
|
Just think if you're the CFC 30 july put holder and the leatherhead's stock falls to $29 then that's a cool $mill$... I wish WM would go right with em to the pooper... Still don't understand how someone would put so much cash in a week before opex... ---------- Support locally, and **** off globally!
2007-07-11 18:41:17
Permalink | ||||
|
Genesis Posts: 71406 Incept: 2007-06-26
KD^2
|
I only see two possibilities, honestly: 1. Its an insurance buy. Someone's nervous as hell about something they know; maybe not stock-specific, but that's a total toilet flush if you're wrong. 2. Someone knows something, and it ain't good. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2007-07-11 18:46:08
Permalink | ||||
|
Synthetik Posts: 4359 Incept: 2007-06-26
|
it's probably that dillweed Cramer again manipulating the markets again... FYI, the actual video that you've probably all scene has been censored, totally removed from youtube. If you can find it, please let me know. What a jackass.
2007-07-11 18:53:04
Permalink | ||||
|
Eleua Posts: 9906 Incept: 2007-07-05
N 47.72/ W 122.55
|
Rhetorical questions: If it is an insurance buy, it only protects you for 7 trading days. If the market can do almost 1000 days without a 2% down day, 7 days is nothing. That's one skittish bagholder. If he is that nervous, what is he going to do if there is no implosion by next week? Rolling out 13000 put contracts gets expensive after a few months. If you think they are going to swirl  why not just sell 'em?I'm obvioulsly hoping for possibility #2. If WM, BKUNA, and WFC went with them, all the better. ---------- http://clearcutbainbridge.blogspot.com/
2007-07-11 19:05:26
Permalink | ||||
|
Genesis Posts: 71406 Incept: 2007-06-26
KD^2
|
Well yeah. I'm just pointing out that it is not necessarily someone who has inside information. Something similar happened with WM last quarter before earnings - but they reported before OpEx. This one is particularly odd because in theory at least there is no reason for the stock to move to that degree before expiration. That's a huge move, to the point that the options were "no bid" up until that position was put on! I don't know. If we get something big enough to make those pay, however, it won't matter much what you're short. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2007-07-11 19:13:40
Permalink | ||||
|
Fourredfish Posts: 3322 Incept: 2007-06-26
Seattle - Where Spencer Elden's penis became famous.
|
Look at the AA calls 2 days ago. CIP
2007-07-11 19:14:56
Permalink | ||||
|
Genesis Posts: 71406 Incept: 2007-06-26
KD^2
|
Yep. I reported on that. But those options had decent premium on them and there was an EXPECTED move (earnings) This is different. Someone here is worried about a four sigma move in the next week and a half. Now its possible they're worried about CFC specifically. But they may ALSO believe that the market will have a 1000+ down DOW day between now and OpEx, and that EVERYTHING will get dragged into the mud at once. They have a big CFC position and want to protect it...... Either way, its a hell of a bearish bet, and one that is very, very rare. I've seen big-out-of-the-money plays like this before, but to see one that has no expected news pending on the stock? That's not something I've seen happen before. I'm not sure if I should be cheering that buy or scared ****less (e.g. geopolitical, etc) ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me Last modified:
2007-07-11 19:22:14 by genesis
| ||||
|
Creditbubblestocks Posts: 160 Incept: 2007-06-27
|
Do you know what open interest was yesterday? Did that trade add or reduce OI?
2007-07-11 19:25:48
Permalink | ||||
|
Ilyachern Posts: 567 Incept: 2007-06-26
North Miami Beach Florida
|
I can't see anyone with real information drawing that much attention to themselves; whoever did this is going to draw the attention of every regulatory agency if they hit
---------- The Fed won't be winding down their balance sheet. Their balance sheet will be winding down the Fed. Level 9 9/23/09
2007-07-11 19:32:04
Permalink | ||||
|
Genesis Posts: 71406 Incept: 2007-06-26
KD^2
|
They had to be bought - there was no bid (you couldn't sell them, nobody would pay you ANYTHING for them) There was no bid until AFTER that volume crossed. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2007-07-11 19:33:18
Permalink | ||||
|
Peace Posts: 688 Incept: 2007-07-09
San Diego
|
Countrywide's Mozilo is slick, dont' you think he's figured out how to survive? A realtor going through tax rolls said Countrywide's loans of 80/20 are done so the 20% part is by the thrift, the 80% by their mortgage unit. Let the thrifts take the hit when it defaults. On REOs, the 20% 2nd is wiped out anyway, since prices have dropped so much. Except for certain higher end areas, where they are still rising, and new buyers are lining up to get into Phase I. Rumor: Angelo is helping out the borrowers in the first 12 months because he doesn't want to buy back the loans. So Countrywide will do workouts to get past the 1 year stage. By the way, 100% financing can be done responsibly. They did it for the vets after WW II. The difference is this time they are not checking income and they are not escrowing property taxes. An honest 100% finance would give a gardener earning $40K/year, a $100K loan and escrow his property taxes, instead now he's getting a $600K loan. Just wait - 75% of most of California will be in foreclosure by 2012. At least.
2007-07-11 20:22:49
Permalink | ||||
| Top | Forum Top | Login | Control Panel | Logout |
| Showing Page 1 of 2 | First | 1 | 2 | Last |