Big Wet's Stock Talk 7-19-09

7-19-09 market analysis and chart analysis

Category:

News & Politics

Tags:

• stocks

[uckfayu]

Pretty sad, now my portfolio is down 40%. I'm staying patient, but this manipulated market is making me pretty sick. It should be at Dow 6k but instead its at nearly 9k. Here's hoping for a quick and heavy fall this week!

[Bigwet72]

rifin needs to stay below 650. This is torture. Never margin and patence is your friend. BBBY looking good for a short near 35. I almost pulled the trigger today. Is this the pump and dump of the century. Like I said the real money is made on the short side. Your account to there's wether its money or shares. Good Luck

[elwalvador]

The jobs numbers are so manipulated too. My little brother has a job right now, part of Obama's stimulus package. "Summer Youth Employment Program". All they do is clean up graffiti and pick up litter.

But they will definitely count this stimulus job, which shouldn't exist, as a newly created job. A new Obama stimulus job.

Also, I read somewhere dat right now more than 30% of all trading is done by computers running "Algorithmic trading systems". I wonder how TA is effected by this?

[irenderit]

Right on Q @ $SPX 945, the Masters of the Universe Goldman calls for 1050, rally... boom!, JPM analist calls for $75 in S&P earnings in 2010, of course no reference to OPERATING or GAAP. The PPT continues to burn shorts using public airwaves for manipulating markets, with Obama facilitation/acquiencence.

[maximumvalues]

------ CORRECT BEFORE MOVING HIGHER --- ive heard this alot and for that reason im thinking we saw the correction. SPX WEEKLY 680 to 945 = 265 945 to 880 = 65 point correction which is just under 25% ... good enough? im so bearish but im thinking we head higher and bailed on most shorts at 877 and purchased some long positions last week. now im setting some low ball put bids. 975, 1010 are two spots of interest.

[tickhound]

Sure, the metals. And no doubt UNG has all the makings of heavy manipulation to keep it low... red flags abound. But just the fact that so many don't want it, makes me want it.

[tickhound]

and while I'm on the subject of UNG. Facts... Obama admin. makes it no secret it wants to bury coal, natural gas main competitor. Clean, safe energy. We have tons of it. Every week supply is increasing and we keep drillin. It didn't run up with oil in the rally. We are building new pipelines all over the country. Buses now run on the stuff. The dollar falls, commodities run but not UNG. Private investment into drillers is soaring. I figure goldman would be buying at its all time lows. so am I

[richardcameron]

My initial thoughts were that it was more of a rotation trade, just catching value, but your theory makes good sense.  Although a dollar doomsday trade might be less green and more pure commodities. Maybe it's just an economic downturn trade? In any event, does anyone recommend another way to play natural gas? (I don't like UNG). Natural resource plays? Thanks.

[tickhound]

I hear you. However, I don't believe this is a short term trade for goldman. This is more of an end game trade. A dollar doom kind of trade. 1st you rack up dollar denominated profits, then you convert them to tangible assets. Then you hold while the sheep frenzy to jump on board and all those bubbles inflate. Natural Gas, for instance, is at its all time lows. Demand for UNG shares is outpacing supply yet the SEC refuses to create more. Somethings fishy. This is a trade we haven't missed.

[richardcameron]

I also heard about the resources trade but wonder: Where can one find timely information about Goldman's trades? By the time that is public, I suspect the info may be behind the trade.