Stocks and Trading Thread - Channeling your inner Mono

[MadImmortalMan]

Groupon.

[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.

This post is worth $12/share so far.

Oct 25th open: $91.43

Today's close: $66


Difference: $25.43

[Admiral Yi]

Just heard on CNN that "dozens" of major banks got downgraded after the market closed today.  Expect carnage tomorrow morning. 

[MadImmortalMan]

37 of them. Including Morgan Stanley, Goldman, AIG, Citi, Wells Fargo, BofA, RBS, HSBC, UBS, BBVA, Bank of New York Mellon, Barclays, and Lloyds.




Talk about dropping the hammer. Luckily, I ended today's session holding puts on SPY. Accidental good fortune. E-Minis look like they are down about five after hours. It had been seven, so maybe not super-bloodbath levels for the open, but not good.

[DGuller]

Just heard on CNN that "dozens" of major banks got downgraded after the market closed today.  Expect carnage tomorrow morning. 

Why should that matter, unless there are some credit rating triggers in play?  Surely credit rating agencies don't possess superior analytic abilities when it comes to, well, anything?

[Richard Hakluyt]

I have downgraded the credit rating agencies' credibility to EEE.

[Caliga]

Just heard on CNN that "dozens" of major banks got downgraded after the market closed today.  Expect carnage tomorrow morning. 

yuo =incorrect.

[MadImmortalMan]

I lost money. Yi isn't entirely wrong. 

[Tamas]

I lost money. Yi isn't entirely wrong. 

Despite the beating I got, I will eye re-shorting tomorrow.

How significant is this top-6 central banks deal is, when the hype of coordinated action is taken off of it?

[Sheilbh]

How significant is this top-6 central banks deal is, when the hype of coordinated action is taken off of it?

Biggest intervention by them since Lehman.  How big that was I don't know

[MadImmortalMan]

I have to admit, I'm surprised Corzine isn't taking the fifth.

[citizen k]

I'm surprised Corzine isn't taking the fifth.

Isn't taking much responsibilty either.

[Ed Anger]

Fuck fuck fuck fuck fuck fuck.

[Ed Anger]

Motherfucking pus eating europeans

[MadImmortalMan]

Europe has hijacked all markets with their rumors and delays. They release rumors about stuff just to see if the market will like it, then they deny the rumors or one of them refuses to go along. Same shit every week. Nuking them from orbit is starting to look appealing.



Nothing to trade on anymore. I took $350 worth of January 8 calls on UNG at .11 just in case there's a big snowstorm and natgas goes up a little. Or maybe Obama will outlaw fracking and the world will panic. Whatever.

Gold's chart looks like shit.