Monthly Archives: November 2008

Short Squeeze developing?

One problem with playing the short side is that shorts get greedy as much as people do on the long side…the difference is ;with a short position …the losses are unlimited….A stock may go up and up for years….A category … Continue reading

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Follow up

Heavy buying of the GM NYSE pf bonds gbm xgm hgm gpm bonds mentioned in a earlier post.Note that GM is up as well.These are all up around 30%..These securities do not trade the volumes seen today normally.Appears some one … Continue reading

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Well getting a

bounce this morning in the futures off of a reversal in Asia after thursdays 400 point rout.Remember!!!! you cannot trade in and out with this contest …..you must hold the security overnight…if you want to play a bounce in the … Continue reading

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It’s on!!opening day of the challenge

well today is opening day of the contest.Already guests on CNBC are giving speculative ideas.One idea this AM was to buy the GM prefered stock{BGM}is one I know.these are traded on the NYSE.Many companies have issued these kind of securities.They … Continue reading

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May you live in interesting times

The timing of this new contest is interesting…in the last year the only people who have made money in the market are the hyper bears.Some hedge funds made billions by simply shorting stocks into oblivion.A strategy a ordinary person could … Continue reading

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Wow…came out of left field…a new contest!

In a surprise press release today,CNBC is sponsoring another free to enter online stock trading contest.It looks like the name will remain the same “cnbc million dollar portfolio challenge”.A new contest was not expected so soon after the summer end … Continue reading

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hudge short squeeze potential

News release on FNM and FRE discount window opened …fre@7$ could be up big2008-07-11

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What a Tough Market

If you are having problems don’t feel stupid..it doesn’t get much tougher than this!However this creates oportunity.Just do one thing.. be right!..Today is the deadline to sign up for the contest and still be eligible for the grand prize.Now many … Continue reading

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Hey did you hear?The market Sucks!

Tell you something you don’t know right!.Very few ideas are working in this pessimist market.Remember that contestants cannot be as nimble as pro traders since the contest requires you to hold positions overnight.On the other hand many contest leaders have … Continue reading

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Specialty retailer ?short squeeze?

CNBC is about to profile beaten down shoe maker HLYS as a short squeeze cadidate @$4.37…I would add crox…has been pretty steady round 10$ for a while.Seems like a long shot…Altucher is speaking… calls it possible double…says shoes are out … Continue reading

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