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Potential Lehman style selloff Part II


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#21 punter

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Posted 13 August 2019 - 10:22 AM

open small short sp (2926). maybe too early.

 

added dax short (11746)

 

added hsbc short

 

* now closing sp short. reload tomorrow. beer money , better entry tomorrow i think

 

https://www.scmp.com...set-september-1

 

looks like the US side gave some concession so the chinese will turn up for Sept talks.

 

Hmm.... what happened during shanghai talk. US delegation flew 18 hours, had a nice dinner along the bund in shanghai. probably went to a really nice night club, long breakfast buffet then a 45 mins meeting followed by photo op.

 

Washington or NYC stripclub in midtown and a nice steak dinner in sept?


Edited by punter, 13 August 2019 - 10:30 AM.

Keep Calm and be Bearish

 

I am only passing through this forum, posting to myself. I have a bearish bias, Internet newbies beware of this. I am not qualified in any way. Experienced traders fading me is perfectly fine. Thought I should be responsible in posting this. Good Luck! 


#22 andr99

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Posted 13 August 2019 - 10:43 AM

 

 

Punter, I don't see any reason to wait to get short.  Something very bad this way comes.

 

Two weeks before the horrible fires in northern CA I had a nightmare of driving on foothill roads and seeing the engulfing flames approaching with monstrous vigor.

 

One week before the recent large earthquakes near Fontana CA and the San Gabriel mountains while my wife and I were visiting family I said to her while driving that this is a perfect place for an earthquake.

 

I now feel that some type of financial panic may shortly ensue.

 

I have to allude to two recent negative financial experiences.  I've used Coinbase with no negative events until recently.  Imagine transferring funds ACH from your bank to Coinbase and then magically seeing daily unauthorized ACH transfers of the exact same amount.  I had my bank reverse the unauthorized transfers.  Coinbase froze my account and did one of their infamous "investigations" for a week where they never actually disclose what really happened.  In fact they never actually disclose anything.  I believe that their correspondent bank, Cross River Bank in NJ accidentally coded my account for recurrent transfers, but upon speaking with their ACH department of course vehemently denying this in their rude New York Italian-American demeanor (sorry, I'm from there and know what it's like, ha, ha.).

 

So once Coinbase sought fit to release my funds I could not transfer to my bank, only Paypal.  And the fun begins again.  Transfer denied.  Transfer denied over and over.  And those knowledgeable, judgmental Paypal Call Center supervisors know nothing and each and every one that one talks to tells a different story.  You tried to take out too much money at once.  Security shut down your account.  Your bank denied reception of your funds.  All stupid or mean people that find joy in spreading disinformation and instilling panic.  I won't go into further details of their inaccuracies and sophomoric analysis, but truth be told, the real reason was a breakdown in their software transmittal network, without IT or upper management informing the call centers, leaving those bored and restless call center fiefdoms free to spread fear.  Oh, but they credited my account $10 in the end as a "courtesy".  LMFAO

 

Poloniex, which once dominated cryptocurrency trading in the "good ole days" now being responsible for just above 1% of the trading volume absconded with a small fortune of my funds by disallowing all but the smallest withdrawals while Bitcoin was crashing, due to liquidity concerns.  They had to be bailed out once through usury.  Subsequently being bought out by a company called Circle something (partly owned by the GS boyz).  Just try to find an attorney willing to take on crytpocurrency fraud.  The attorneys talk like big shots in the media about getting their clients even but it ain't so.  And calling up the Attorney General's Office results in, well, what are you talkin aboutswoon.gif

 

To finally end this diatribe, of which I almost never post anything here or anywhere I say this:  short the markets,  buy gold, Bitcoin is good but use GBTC or the futures if you can afford to, NOT THE CRYPTO EXCHANGES EVER, and, for God's Sake , stay away from real estate.

 

 

 

 

''their rude New York Italian-American demeanor (sorry, I'm from there and know what it's like, ha, ha.).......''

 

So you think there's an ''italian demeanor''. Sorry if it might sound delusional to you, but italy goes for one thousand kilometers from the Alps to sicily, from German speaking communities in the North to Greek-Albanian speaking ones in the south. So definitely we are talking about nothing. There's not any ''rude demeanor'' in the North and there's not ''one unified country'' like probably the one you know. Luckily........

 

 

 

I must missed the italian connection in the text.  had italian friends in NYC, enjoyed their company though. No chance of dating an italian chick yet though.....

 

 

 

nothing to apologize of.......I just wanted to underline that there are three macro areas in italy which are different to one another under any point of view you look at them...the North, the Centre and the South. Some kind of behaviour you might observe in one part is completely unknown in another one.....simply like that. Like different traditions, different history, different roots....and so on.  


forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#23 andr99

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Posted 13 August 2019 - 10:44 AM

great long call, after all.....a bit early yesterday, but surgical precision is not so easy. Great


forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#24 andr99

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Posted 13 August 2019 - 10:56 AM

great long call, after all.....a bit early yesterday, but surgical precision is not so easy. Great

 

I was talking about sp500daytrader


forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#25 punter

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Posted 13 August 2019 - 11:05 AM

 

great long call, after all.....a bit early yesterday, but surgical precision is not so easy. Great

 

I was talking about sp500daytrader

 

 

yes he/she great trading. very precise


Keep Calm and be Bearish

 

I am only passing through this forum, posting to myself. I have a bearish bias, Internet newbies beware of this. I am not qualified in any way. Experienced traders fading me is perfectly fine. Thought I should be responsible in posting this. Good Luck! 


#26 punter

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Posted 13 August 2019 - 11:17 AM

 

open small short sp (2926). maybe too early.

 

added dax short (11746)

 

added hsbc short

 

* now closing sp short. reload tomorrow. beer money , better entry tomorrow i think

 

open short at 2934 sp


Keep Calm and be Bearish

 

I am only passing through this forum, posting to myself. I have a bearish bias, Internet newbies beware of this. I am not qualified in any way. Experienced traders fading me is perfectly fine. Thought I should be responsible in posting this. Good Luck! 


#27 punter

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Posted 13 August 2019 - 11:33 AM

 

 

open small short sp (2926). maybe too early.

 

added dax short (11746)

 

added hsbc short

 

* now closing sp short. reload tomorrow. beer money , better entry tomorrow i think

 

open short at 2934 sp

 

 

added more shorts and going to bed. waiting for a tweet between now and friday to trigger the down move. or i get stopped out.


Keep Calm and be Bearish

 

I am only passing through this forum, posting to myself. I have a bearish bias, Internet newbies beware of this. I am not qualified in any way. Experienced traders fading me is perfectly fine. Thought I should be responsible in posting this. Good Luck! 


#28 trioderob

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Posted 13 August 2019 - 11:33 AM

Trump put a hold on some of the tariffs today.

 

I assume you guys knew he was going to do that and the market would rocket.



#29 ryanoo

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Posted 13 August 2019 - 08:58 PM

^insiders can do very well in this environment ... SEC could trace them.  Go all in just before Trump speaks.

 

today's NY Fed credit report -- over 80% of the household spending gain was financed by debt.



#30 punter

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Posted 13 August 2019 - 09:18 PM

Trump put a hold on some of the tariffs today.

 

I assume you guys knew he was going to do that and the market would rocket.

 i tot there would be a bounce but didnt see the concession coming. not sure why the move though.... still looking out for more downside. watching


Keep Calm and be Bearish

 

I am only passing through this forum, posting to myself. I have a bearish bias, Internet newbies beware of this. I am not qualified in any way. Experienced traders fading me is perfectly fine. Thought I should be responsible in posting this. Good Luck!