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If Citigroup Inc. (C) Has $1.1 Trillion In Off-Balance Sheet Assets, JPMorgan Chase & Co. (JPM) $400 Billion…

Posted by timothysykes on Tue 15th of Jul, 2008 11:04:02 AM
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…and if these are the “most respectable” companies out there, I’m talking the most invested in/covered/analyzed by the SEC, ANALysts, the financial media circus, investors, fund managers–basically this entire joke of an industry, made infinitely truer considering it’s these meatheads jobs to do thorough due diligence (Fail!)–then can you imagine what all these other, lesser companies are hiding?

That’s right, I’m suggesting there’s a lot more bad stuff on the horizon (uh oh SEC, am I spreading false rumors? LOL…witch hunting pricks…yeah, what, come at me dawg)–not necessarily off-balance sheet crap, but who knows what evil lurks in the hearts of men? I don’t even wanna know what other sh%^ others are into…

Ponder this by reading THIS excellent blog post about it–these pitiful human beings wanted to make fast cash, fooled a great many people and did so for quite a long time and now have tried to hide their mistakes while trying to unload them without anyone noticing.

F%&* it man, I’ve never rooted for outright economic collapse before, but if that’s what it’s gonna take to get rid of/dethrone all these demons, so be it…S&G-style, just wipe ‘em all away and let’s start over…only allow Philosophy majors to run these companies, business students, by their very nature, are just too damn greedy/corrupt!

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  • getshorty
    Closed GIGM at 11.10 and 11.18, now I am long, in at 11.26, wish me luck
  • getshorty
    Now THAT was a stupid trade.
  • Bailed on TMR... nervous about the drop and oil plunge
  • getshorty
    thinking of putting a stop order in tmr....mmmhhh...
  • brent
    TonyE: any encouraging words on TMR?
  • brent
    ya know on scott I don't see an option on 'stop order'.
  • AdamN
    Out of TMR here too. Moving too slow and not breaking resistence past 3.25. Might look to re-enter later if it can break 3.25 - 3.30 price resistence.
  • ha encouraging words on TMR? its a failed breakout, failure #5 or 6 from what i can see...onyl encouraging thing is your losses are stil small
  • brent
    TMR loss = 39.92 and of course it goes up more.... Sh(*^%$$#(* G*(^*&^*&)(*
  • brent
    my f%$&%ing account is going up and down like a yoyo.
  • brent
    look at that mf go G%$%$ it...........
  • brent
    story of my trading life
  • brent
    you think your timing sucks....
  • brent
    maybe i can start a site as a contratian, wherein i say buy you sell...hahahahahha
  • thebabyfacedtrader
    What are ways to improve your timing?
  • brent
    still fucking going up since i sold FUCK
  • boo hoo brent, its up 8 cents, get over it...multiply what u're feeling right now by 1,000 and $1-@/share each time and then u'll have the slightest clue of how many plays i've mistimed...u can never be perfect, only undisciplined
  • thebabyfacedtrader
    I cant believe you made trades underway on a semester at sea. I bet you missed plenty of plays on that trip.
  • brent
    yeaaa,,, well,,, it still sucks.... My discepline said hang on. I got spooked.... what can i say.
  • yaktipper
    Pretty boring day for all the overall volitility.
  • no your discipline said sell...lack of discipline would keep u in a stocks thats failed to breakout...the exact exit doesnt matter, all that matters is u cut your losses.

    yak whatcha talking about IDAE and MNLU are perfect
  • donnacap
    The market is crazy today.
  • donnacap
    Nice charts for IDAE and MNLU
  • brent
    u guys listening to paulsen. He is proposing permission to SS FRE and FNM. How long before we can't short at all?
  • Brent, being able to bail with a small loss is a positive thing... I've seen stocks like that spiral out of control after failing to breakout and lose 30% of their value. Plenty of opportunities in the future... every day is another chance to redeem your bad days.
  • The important thing is that you followed your rules.
  • Yea I'm listening to pualson and I think it's bullshit!! He's a dick head..... just look at him. I'm getting tired of everyone complaining about short sellers and speculators, that's what makes the american economy so fair. To hell with fre, fnm, wm, etc....
  • Alex
    I was asking why everyone was buying TMR yesterday and the replies were 1) because Tony Ellis bot it 2) because its rising above the recent consolidation range
    a) who gives a shit what some other trader says, no matter how good they are, they'll make mistakes like everyone else - none can be right 100% b) consoidation range? who gives a f%$#, lots of stocks will do that - does't matter if YOU think it will be a breakout - only matters if it IS a breakout cause thats what other traders are going by - it's either a breakout or NOT a breakout, with breakouts it's a pretty exact science, there is an exact price to break and it wasn't there yet
    So hopefully the TMR whiners learned a lesson and will move on, and keep that with them
  • Alex
    look at DCGN today - another fakeout breakout
  • traknologist...im with you....let em all fail...fail baby fail
  • PCola
    yaktipper, you're playing the wrong stocks then. I played Wm and FRE today. Granted, they are not Tim-type plays, but it helps to have more than one go-to trade type for times like these.
  • Alex
    volume is just as important as price - yesterday no volume for TMR - today no volume for DCGN
  • Alex
    PCola - FRE has been great the past few days - too bad yesterday I got stopped out with .30 gain that coulda been 1.30 gain
  • donnacap
    Check out FOUR
  • brent
    ahhhhh, how quickly our emotions change. This morning I was excited at the possibility of TMR going up and away.. Then all hell breaks loose with news that some entity was selling there positions in oil. Shoulda taken the cue and sold then. BUuuutttt, no, held on to only sell at a loss and that turned the emotional high into an emotional train wreck. Starting to calm down now though. Thanks for all the input... OOOOoooooohhhhhhhhhhhhhhhmmmmmmmmmmmmmmmmmmmm.......
  • brent
    and learning a little more.
  • Alex
    f@$% your emotions, man...they will ruin your trading
    as soon as I get into a daytrade I get myself into a mindfulness state...zero emotions, just total mindful concentration on selling at a predetermined price...If the trade starts goin in my favor i relax a little and enjoy the postive emotion but I'm always ready for the next period of concentration when the next downdraft comes
  • The TMR chart today was horrible. Bailing on the stock was the right thing for a trader. If you want to be an investor, then buy, hold and check your account at the end of the month.
  • Alex
    Brent - enjoy your emotions when you not actually in a trade - like looking back on TMR in a couple days when it's at the bottom of the consolidation range again and you're really happy you sold OR when you trade it again when it really breaks out and you make 3x what you lost today
  • I used to work for WB who merged with First Union (had terrible fraud problems and got a bad rep) and BOA who has a good reputation for buying bad bad bad dept and I can tell you this..... These banks ain't shit!!! The have countless scams that they use on consumers.
  • Hahahaha.... I love paulsons face right now, He's getting fired up!
  • yaktipper
    Yeah if I learn to read better maybe I would have gotten in MNLU.

    I wouldn't touch FRE, too scary. I have it in a watch list named "Ugly Stick".
  • Paulsons taking a beating....eh eh eh eh..take a deep breath and talk you dumbass...also whats up with his pinky...look like hes throwing up gang signs...lol
  • yaktipper
    Tell me more about MNLU. It broke above $6, but that is kind of a boring 5% move. What happened to the pop.
  • paulgoss
    anyone still in erii?
  • @UFgemini Lmao

    They want a blank check.... So you know shit is bad
  • brent
    damn, missed all the paulson stuff. gettin hammored huh..?
  • ALTH blowing up now...
  • Alex, did you end up getting in? I missed the 8 breakout, but picked it up at 8.27
  • Kevin
    Thanks TIM for the quick $600 on IDAE!
  • Alex
    puma - missed that - been in FRE this afternoon & glued to that tape - up .60 rignt now
  • yaktipper
    Nevermind, there's the pop on MNLU........
  • yaktipper
    Tim right on again, he said .50 to 1.00 on MNLU, and ETRADE says "call in to complete this order". What the hell, that just cost me a few hundred. I need to switch brokers.
  • brent
    WTF: cant buy cant short WTF....
  • Held on to ALTH and lost my gains on a manipulated light volume close... up $600 on SQNM though... part of my 4 horsemen of Biotech small caps right now:

    VVUS
    HALO
    SQNM
    ALTH
  • Steve
    Is IDAE still a good play if i bought today tho, looks like its time for profittaking.
  • smokey99
    you know, when i first heard of you i didn't really like you and thought u were a real asshole.

    I still think your an asshole, but now I like you for it :). you are a straight shooter and pretty damn ballsy, so good job.

    also have respect for u as u do seem to be right more often than wrong, and that would make you one in a million (analysts and mutual fund managers can't even beat an index, random number generators and or monkeys can beat the average prick making 2mill/yr on wall street)

    so with that out of the way, I gotta ask you a serious question...
    citi and mtu banks...you think there is a chance for a pop up to make some money on call options in the next few months?

    i know the banks are all crooked scams, but that does seem to be an opportunity at the same time...
    anyhoo, fight the good fight man. nice site btw.
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TIM Trades

View All
Date Stock Buy Sell Net
Nov 6 QXM $4.31 $4.80 $1936
Nov 4 COT $8.66 $8.88 $642
Nov 4 QXM $4.61 $4.89 $822
Oct 30 DDRX $25.70 $26.53 $812
Oct 29 CTDC $4.00 $4.42 $781
Oct 26 AWSL $3.24 $4.10 $2516
Oct 23 RODM $5.27 $5.23 $301
Oct 22 AMLM $2.69 $2.97 $820
Oct 22 USEG $6.12 $6.09 $85
Oct 20 CBOU $8.93 $9.06 $243
Oct 16 VRMLQ $16.79 $18.65 $2773
Oct 13 YONG $11.05 $11.66 $1202
Oct 13 NPHC $0.59 $0.71 $583
Oct 12 IMGG $0.60 $0.70 $682
Oct 9 ZAGG $5.50 $6.10 $2380
Oct 7 GVBP $0.03 $0.27 $702
Oct 1 NPHC $0.70 $0.85 $1482

Total: $92,304 (644%)