yesterday, the worst of the worst rallied...and hard. Speculation is there. They got the dow to close over 11,000 on fumes.
#1
did anyone own this down low?
Started by
tommyt
, Apr 13 2010 10:54 AM
4 replies to this topic
#2
uburack
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Posted 13 April 2010 - 11:00 AM
yesterday, the worst of the worst rallied...and hard. Speculation is there. They got the dow to close over 11,000 on fumes.
#1
I played the dead cat bounce around Nov 08 when it dropped below a buck. Bought a few K FNM at .36, pennies from the low and sold in the .70s. Almost shorted ABK this AM but too focused on staying disciplined.
John 21:6 And he said unto them, "Cast the net on the right side of the ship, and ye shall find". They cast therefore, and now they were not able to draw it for the multitude of fishes.
#3
diogenes227
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Posted 13 April 2010 - 11:47 AM
How did you see this guy? Was it on a percentage gain list or do you follow a bunch of low prices stuff like this? Would have been a great spin of the roulette wheel on the first pop. Hope you took it.yesterday, the worst of the worst rallied...and hard. Speculation is there. They got the dow to close over 11,000 on fumes.
#1
Thanks for pointing it out. Opens my eyes to a whole new casino game.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#4
dasein
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Posted 13 April 2010 - 01:17 PM
dg - abk, fnm, fre tom posted yesterday - these were $70 stocks before the meltdown - they are made of MBS, so there you go - there was an announcement yest on ambacf about some liability hanging over them was resolved in their favor - remember the IPPs back in 2003 - same kinda thing.
best,
klh
klh
#5
diogenes227
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Posted 13 April 2010 - 02:20 PM
Actually I wondering about some kind of technical trigger for these cheap thrills. For instance, I just ran a scan. Would anyone in his right mind buy these guys on the close?dg - abk, fnm, fre tom posted yesterday - these were $70 stocks before the meltdown - they are made of MBS, so there you go - there was an announcement yest on ambacf about some liability hanging over them was resolved in their favor - remember the IPPs back in 2003 - same kinda thing.
http://stockcharts.c...9147&r=3462.png
http://stockcharts.c...7055&r=9765.png
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
