Stocks and Trading Thread - Channeling your inner Mono

[MadImmortalMan]

Next victim:

CMG...no

PCLN...no


It's LNKD! LinkedIn with a P/E ratio as of today's close of 1317.88x.

They report on 11/3 after the close, so you still have seven trading days to short the fuck out of them.

[Ed Anger]

HOLY SHIT MY AMAZON STOCK.

[Admiral Yi]

Whoa.  Monster day in the market. 

[Admiral Yi]

I guess you blood-sucking short sellers are not as psyched as I am.

[Richard Hakluyt]

My profits are above where they were at the market peak in April/May, since the market is still down about 5-6% I am well pleased. I don't short btw, but have been selling and buying more than I would like due to the market conditions.

[MadImmortalMan]

It's certainly been a good opportunity for people to average down their cost to purchase. Anyone who is doing cost averaging via regular 401k contributions, for example.

[Tamas]

I guess you blood-sucking short sellers are not as psyched as I am.

I switched to being on the long side in time to save myself

[MadImmortalMan]

I guess you blood-sucking short sellers are not as psyched as I am.

I switched to being on the long side in time to save myself

Me too. Shorting has been only good for daytrades the past couple weeks. And hedging.

[MadImmortalMan]

Oh dear. Looks like Corzine tried to save the company by "borrowing" 700 million from customer accounts to shore up trading losses. This isn't going to be good.  Sorry, MF Global. Chris Christie is too busy to clean it up this time. It's bankruptcy for you.

[Richard Hakluyt]

The Greeks are going to have a referendum on whether they should accept the various debt deals :

http://www.bbc.co.uk/news/business-15533940

Interesting times, I have taken my profits and now hold only the dreariest of British utilities; I find this extreme volatility takes the fun out of it, I have kept my profits during it but suspect that was by good luck rather than good management.

At a guess the Greeks will reject the deal, which will lead to a default and a return to the drachma. Assuming that all that doesn't happen before the referendum can be held.

[Caliga]

Letting the people decide? 

[Ed Anger]

DAMMIT

[DGuller]

So, did Jon Corzine's firm embezzle customers' funds to trade with? 

[DGuller]

Oh, wow, just found an article that they didn't separate customer funds from investment funds.  That sounds like a cardinal sin by a broker, and I would be very surprised if it's not the kind of thing you go to jail for, despite white collar crime on Wall Street being largely legal.

[alfred russel]

Oh dear. Looks like Corzine tried to save the company by "borrowing" 700 million from customer accounts to shore up trading losses. This isn't going to be good.  Sorry, MF Global. Chris Christie is too busy to clean it up this time blame teachers unions in a series of rants on youtube . It's just bankruptcy for you. Actually, it might be better this way.

An alternative take on events.