AwaySooner
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- AwaySooner
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I actually don't short anything, my portfolio is too small, I leverage with options. Unfortunately, I also own WM, GS, and WFC puts, it's not pretty today. Thank god most of them are Jan, April puts.
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I live in New York for 7 years so I am "a bit" of a aggressive driver. The first thing I did with my new car is to install a set of Hella Superhorn, and I use it daily, there are just too many stupid drivers on the road. I wave people in depending o…
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No worries, FHLB said they are "well-positioned"...to take money from taxpayers. Wonder which position? I guess CountryWide has been giving out traditional 80% LTV mortgage the last few years? Is that what the collateral? :roll: Who knows, mayb…
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C, CFC and WM are the top 3 freeloaders. That menas they are in the shitholes. Even Wells Fargo get caught with their hand in the cookie jar. Stock went up today though. I guess rate cut solve all the mortgage and housing problem.
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For stability, I'll go with Francs. (FXF). I don't trust the Euros. For more risk, maybe Australian Dollars (FXA). I also own gold and commodities ETF, as well as some gold stocks. Some in Chinese infrastructure stocks like GSH, or mining stock like…
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Well maybe the OPEC and the Chinese wouldn't like it so much huh? It might just push them to add other currency like yuan, yen and euros to their basket. Iran and Chavez would be jumping up and down in joy. The worse thing is, it wouldn't do a thing…
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Well well, Fed Vice Chairman hinted rate cut this morning and market rally. WFC up big after write off, isn't that nice? Show you this is like a giant casino, risky business it is.
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Oo wee, more news. The market would be sea of red tomorrow. http://news.yahoo.com/s/nm/20071127/bs_nm/usa_fed_dc_1 Sorry my friend, my portfolio is peanut size. Just trying to add to my down payment fund. Gives me a lot of pleasure profiting fro…
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All right guys, I hope you put your money where your post is and short some CFCs today or buy puts. I did add to my position. CFC hits $9 briefly, and closed in green. Guess what, this two piece of germs just came out after market. WFC pretty muc…
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Congrats on your dream come true! Hope to own a house some day too. You can profit from doom and gloom you know that right? I own a lot of contrarian investments, I wait up every morning look for stock market crash. I am super cheerful lately.
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I pay it off every month and they stop giving me more credit now, bastards!
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Well my friend, tomorrow might be your chance to short CFC. Nikkei just up 500 points in minutes to close when news of Citibank securing "investment" from the Arabs at the low low rate of "11%". Such "good news" would pop the market and financial s…
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Well would've, could've, should've. Holidays sales data was up "8%", Hang Seng rose 1000 points, the market could've gone the other way. I have C puts that I sold two weeks ago, how's that for kicking myself. I took some profits when CFC dipped t…
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401k wouldn't let you short. It might be a little risky to short CFC now. If you are bearish in general, look at some Dedicated Short Bias funds. I would probably wait until FED rate cut on Dec 11 and get in when the market rally.
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ABX.HE complete exploded today. Every single ABX.HE 2006 & 2007 series index hit new all time low prices (high implied yield) today. Shit hits the fan and they are turning up the dial.
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Wow "retrench" is a bad bad word, the trenches are shit right now...Oh by the way, all you taxpayers, thanks for the "capital".
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SeattleMoose wrote: But but but....we have Zune, Vista, and the $6 cup of coffee. Bubble in Seattle?....rubbish! :twisted: You'll have to cross $6 cup of coffee off the list. Starbucks (nasdaq: SBUX - news - people )' stock sunk 90 c…
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Big Ben's Dumb Idea for Fannie and Freddie BEING THE FEDERAL RESERVE BANK CHAIRMAN may make you feel like a know-it-all, but it doesn't actually make you one. Ben Bernanke demonstrated the truth of this axiom on Capitol Hill recently when he sug…
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The problem is nobody really know how they comeup with all these accounting number. For example, if you look at CFC's writedown, it's a lot less than other banks because of their "mark to model" accounting. They basically say these worthless paper i…
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If you don't know how scary this is, this is the "Retired Money Market" part of your 401k, you think it's safe.
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Everytime financial company put out "good news", I buy more puts. Just picked up some very expensive GS April puts. It'll take some time but not matter how you package turd, it's still turd. I wouldn't pick the bottom yet, but I think the real in…
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Why wait until $15? Just short the stocks if you are so sure they are going to be $15. Or buy puts that you can afford to lose. Thanks to this blog, I actually own WM Jan puts since August, they are contributing to my down payment fund.
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Tanman cashed out $130 millions in stock for his grand children education fund, I don't think he needs a break from you. How about WAMU using their "proven appraiser" to drive up your housing price, while you are struggling to pay mortgage, I think…
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Suprisingly noone ask him how he's going to be profitable in Q4, and what kind of "mark to myth" accounting method he use in the Q3 write-down. Or what's the actual interest rate of all the extra "credit" line they secured, cause CFC is junk bond st…
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CFC earning is Friday, I expect to see a lot of windows dressing and manipulation.
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There are plenty of charts/graph around here, put them all in the powerpoint presentation? Of the top of my head: 1. Credit Suisse sub-prime chart 2. Subprime arm in Seattle 3. Seattle median price 1 year shift compare to San Diego and other …
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"You can't drive a knife into a man's back nine inches, pull it out six inches, and call it progress." Malcolm X. "You can't drive the price so high, reduce it a little and call it good deal." AwaySooner.
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You can start here. http://www.offshore.hsbc.com/1/2/home Dan C. wrote: How do you open a foreign currency savings account at HSBC? I was looking on the webpage and was not able to find any links to that...
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I use HSBC, they are international bank. You can also open saving account in other currency with them.
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So did I. Google "Death Spiral". CFC is going to be the next Calpine. rose-colored-coolaid wrote: So BofA just took a $2billion put option on CFC?