Archive through March 09, 2008

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moonfleet101

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Post Number: 537
Registered: 07-2007

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Votes: 0


Friday, March 07, 2008 - 05:30 pm:

A crucial day on the Dow today. If it's a Friday sell off then I can see a big, big drop on Monday. It's just picking up speed everywhere now. Monday could be the 500 pointer!!

ecchigaijin

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Post Number: 754
Registered: 07-2007

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Votes: 0


Friday, March 07, 2008 - 06:14 pm:

Phil, I am guessing that Jax's style is to try to pick the bottom, if you miss buy more and average down so once it hits bottom you aren't too far off it. Once the trend emerges you may find you missed the boat, the gap is where the big money is.

jax

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Post Number: 1586
Registered: 07-2007

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Votes: 0


Friday, March 07, 2008 - 06:28 pm:

yes well said ec cheers got it in one ,im not a sheep phil like ec said once it turns up the easy money is gone .

jax

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Post Number: 1587
Registered: 07-2007

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Votes: 0


Friday, March 07, 2008 - 06:33 pm:

high risk high reward ,its a good sign moon when they start to jump all over me thats when i start winning bottles of jd .lol mqg looks cheap how low do you think it can go phil i just cannot see it under 40 not with there div plus there growth plus they reported great through the subprime mess .what more do u want huntleys ha them at 104 from 109 so 47 will do me fine if im wrong so be it .

moonfleet101

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Post Number: 538
Registered: 07-2007

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Votes: 0


Friday, March 07, 2008 - 06:50 pm:

Jax - Don't know if you've read Stocky's private mail to the boy's but if it's true, it'll be a hammer blow to the markets. Have a look. I've closed my Dow long for a small loss, just in case. It'll start hitting today because of a rumour when the US wakes up and if it becomes fact, all hell will break loose!

philr

Member

Post Number: 375
Registered: 04-2004

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Votes: 0


Friday, March 07, 2008 - 07:00 pm:

Hi jax

I'm not sure how low it could go I don't do any fundamentals or make any predictions. Or go on any news or brokers. (They are the worst) I just look at the chart while its heading south I would not go long.

I like the MACT Histogram weekly it gives me a good overview of where a stock is heading long term, when it turns up from below zero is best. It has not started heading back up yet. See chart below.

mqg

Phil

** Let blockheads read what blockheads wrote.
Warren Buffett

jax

Member

Post Number: 1588
Registered: 07-2007

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Votes: 0


Friday, March 07, 2008 - 07:33 pm:

calm down boys the market is bad but the market prices reflect that ,u will not get mqg in good times for 45 u will in bad just think about your next moves .talk i got today is more rate cuts before 18th and big 50 before and 50 on the day ,these rates will kick in for the good soon.

aussiebuggaa

Member

Post Number: 603
Registered: 07-2007

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Votes: 0


Friday, March 07, 2008 - 08:44 pm:

Thanks for the email stocky.

"UBS Probably Sold $24 Billion of Alt-A, JPMorgan Says (Update1)

By Sarah Jones

March 6 (Bloomberg) -- UBS AG probably sold 25 billion Swiss francs ($24 billion) of holdings backed by Alt-A mortgages in a ``fire sale,'' JPMorgan Chase & Co. said, raising its estimate of credit writedowns to 18.5 billion francs.

Europe's biggest bank by assets fell as much as 4.2 percent in Swiss trading after JPMorgan analyst Kian Abouhossein widened his estimate of losses from 15 billion francs. The company will likely not pay a dividend this year amid slumping valuations on investments infected by the U.S. home-loan crisis, he said.

``It is highly likely that UBS sold its 25 billion-franc face value prime Alt-A portfolio in a fire sale,'' Abouhossein wrote in the note, dated March 5. ``We believe UBS would be willing to aggressively reduce structured credit assets to clean up the book.''

UBS marked down $19 billion last year, posting the first annual loss since the Zurich-based bank was created in 1998. Merrill Lynch & Co. also raised its estimate for additional charges for UBS today to $21 billion. Valuations for AAA rated securities backed by Alt-A loans, deemed between prime and subprime in expected defaults, slumped as much as 15 percent last month, U.S. lender Thornburg Mortgage Inc. has said.

The Swiss bank traded down 3.4 percent at 31.14 francs as of 9:30 a.m. The company has declined 56 percent in the past 12 months, giving it a market value of 64.5 billion francs.

``UBS has set a new strategic direction with the asset fire sale, following a period of mainly orderly asset sales within the global banking system,'' Abouhossein wrote, lowering his share-price estimate by 1 franc to 55 francs. ``UBS actions have led to a spilling over into credit-market prices.''

To contact the reporter on this story: Sarah Jones in London at sjones35@bloomberg.net.
Last Updated: March 6, 2008 03:34 EST"
source: http://www.bloomberg.com/apps/news?pid=20601087&sid=acNB1dIF9g_g&refer=home

jax

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Post Number: 1589
Registered: 07-2007

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Votes: 0


Friday, March 07, 2008 - 09:32 pm:

as the song goes , dont beleave the hype green on the way big.

jax

Member

Post Number: 1590
Registered: 07-2007

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Votes: 0


Friday, March 07, 2008 - 09:35 pm:

all this bull shit is facted in ,im sticking to my guns mqg back over 50 this week and strong .

moonfleet101

Member

Post Number: 539
Registered: 07-2007

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Votes: 0


Friday, March 07, 2008 - 11:04 pm:

Right. I'm buying back my Dow long! lolol.

riskpirate

Member

Post Number: 677
Registered: 07-2007

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Votes: 0


Friday, March 07, 2008 - 11:32 pm:

Thanks STOCKY.

moonfleet101

Member

Post Number: 540
Registered: 07-2007

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Votes: 0


Friday, March 07, 2008 - 11:54 pm:

Some bad news Jax. Sunny's been found drowned in a bowl of muesli............. a strong currant pulled him in. lolol

chingas

Member

Post Number: 669
Registered: 06-2007

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Votes: 0


Saturday, March 08, 2008 - 12:26 am:

Got to admit when i first got that email i thought the world was about to end(and if it turns out to be true it just may), interesting with a rumour like that floating around that the dow is still looking ok, whats going on?

moonfleet101

Member

Post Number: 541
Registered: 07-2007

Rating: N/A
Votes: 0


Saturday, March 08, 2008 - 06:25 am: