have noticed the last couple days that the volume in both LVS and MGM has really dried up. that can happen a lot of times ahead of a trend reversal SO I would be cautious about buying the gamers here. COULD see a sharp fast drop like what happend last week when MGM got clipped
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have noticed the last couple days that the volume in both LVS and MGM has really dried up. that can happen a lot of times ahead of a trend reversal SO I would be cautious about buying the gamers here. COULD see a sharp fast drop like what happend last week when MGM got clipped
YGE is a volatile beast, hit 9.50 today before boucing back to 10.30s, good for trades but we'll see w- earnings tomorrow, could go to 14 or back to 7.
anyone thoughts on what the FIG is happenin. ceo buying 720K at $5. i believe (hope) it will pop or is this another trap.,
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GVK,
YGE is a volatile beast, hit 9.50 today before boucing back to 10.30s, good for trades but we'll see w- earnings tomorrow, could go to 14 or back to 7.
anyone thoughts on what the FIG is happenin. ceo buying 720K at $5. i believe (hope) it will pop or is this another trap.,
can someone tell me why the bond market threw up at 11a eastern?
best i can find is bill gross talking about the US potentially losing its AAA rating
My comments in the Forex section..
Timmy G opened his yap and the bond market and the USD currency market threw up..they sold everything US..they sold the bond, the stocks and the currency.
Timmy is not the best at shutting up yet, and today it cost me pretty big.
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Quote Originally Posted by KOAJ:
can someone tell me why the bond market threw up at 11a eastern?
best i can find is bill gross talking about the US potentially losing its AAA rating
My comments in the Forex section..
Timmy G opened his yap and the bond market and the USD currency market threw up..they sold everything US..they sold the bond, the stocks and the currency.
Timmy is not the best at shutting up yet, and today it cost me pretty big.
Geithner Comments Panic Market, No USD Assets Thanks] New York, May 21st.
Tim Geithner"s comments re the government crowding out the private sector was not the smartest thing the US Treasury Secretary could have opined on. The old adage "if you"ve got nothing good to say, say nothing" would have helped him in this matter, but these are the teething problems with new Treasury Secretaries; that is of course unless you are in the camp that says the present Administration wants a weak dollar to keep squeezing the trade and current account deficits down and gain advantage in the fight for a slice of the diminishing global merchandise trade pie. If it were the latter it would be a very dangerous game to play, as confirmed this afternoon by the markets" attitude toward US assets, nope, don"t want those bonds; nope, don"t want those stocks, and nooooo don"t want those dollars. We finally have a re-assertion of last year"s gold up, Euro up theme, this time without an accompanying stock market rise. It is gold that"s leading the charge, spot up $12 at $949/950, +1.25% vs Euro"s 0.98% charge to 1.2895.
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Geithner Comments Panic Market, No USD Assets Thanks] New York, May 21st.
Tim Geithner"s comments re the government crowding out the private sector was not the smartest thing the US Treasury Secretary could have opined on. The old adage "if you"ve got nothing good to say, say nothing" would have helped him in this matter, but these are the teething problems with new Treasury Secretaries; that is of course unless you are in the camp that says the present Administration wants a weak dollar to keep squeezing the trade and current account deficits down and gain advantage in the fight for a slice of the diminishing global merchandise trade pie. If it were the latter it would be a very dangerous game to play, as confirmed this afternoon by the markets" attitude toward US assets, nope, don"t want those bonds; nope, don"t want those stocks, and nooooo don"t want those dollars. We finally have a re-assertion of last year"s gold up, Euro up theme, this time without an accompanying stock market rise. It is gold that"s leading the charge, spot up $12 at $949/950, +1.25% vs Euro"s 0.98% charge to 1.2895.
re the government crowding out the private sector was not the smartest thing the US Treasury Secretary could have opined on. ------------- but its true....imagine in a few months the only ones buying US debt is the Federal Reserve who prints money from nowhere
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re the government crowding out the private sector was not the smartest thing the US Treasury Secretary could have opined on. ------------- but its true....imagine in a few months the only ones buying US debt is the Federal Reserve who prints money from nowhere
Yep, all the more reason to keep buying physical gold bullion on basically any pullback in price.
Would also be buying physical barrels of crude if I could take delivery.
Those are 2 slam dunk long term investments that will destroy the SP and beat inflation. Can't make it any more simpler than that. Everything else out there is nothing but a trade------get in, make a few pennies, then get the f---k out.
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Yep, all the more reason to keep buying physical gold bullion on basically any pullback in price.
Would also be buying physical barrels of crude if I could take delivery.
Those are 2 slam dunk long term investments that will destroy the SP and beat inflation. Can't make it any more simpler than that. Everything else out there is nothing but a trade------get in, make a few pennies, then get the f---k out.
CC on monday, which means George is going to announce the spin for the OR assets.
News yesterday about the RIG covenants being waived (as if that were an issue anyway, it never was to me) and the announcement of the CC means to me that George had to do these lame ATM's to get the money together so he can finance the 2 other Cardiff rigs, get enough cash and shore up the balance sheet so he can spin the assets off finally.
What would make this stock go higher is if he were to announce that everyone gets .5 shares of the OR division, that makes it have fewer shares outstanding and hold a higher value..versus a 1 for 1 spin.
I would be SHOCKED if Monday wasnt the day he announces..George never holds CCs unless there is a big event to discuss. He is very secretive.
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DRYS on a tear this week.
CC on monday, which means George is going to announce the spin for the OR assets.
News yesterday about the RIG covenants being waived (as if that were an issue anyway, it never was to me) and the announcement of the CC means to me that George had to do these lame ATM's to get the money together so he can finance the 2 other Cardiff rigs, get enough cash and shore up the balance sheet so he can spin the assets off finally.
What would make this stock go higher is if he were to announce that everyone gets .5 shares of the OR division, that makes it have fewer shares outstanding and hold a higher value..versus a 1 for 1 spin.
I would be SHOCKED if Monday wasnt the day he announces..George never holds CCs unless there is a big event to discuss. He is very secretive.
One question:why do you trust that guy? And I do not mean it sarcastically, but seriously.Just curious.
Yep.
The Greek culture is different than what we are used to. I hated the secrecy and it made no sense that he did these ATMs like he did, I hope it comes out as to WHY on Monday.
George is very competitive so for him to do what he did, it had to be that the banks were forcing him..and forcing him in regards to the OR assets..
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Quote Originally Posted by Vermeer:
Wall,
One question:why do you trust that guy? And I do not mean it sarcastically, but seriously.Just curious.
Yep.
The Greek culture is different than what we are used to. I hated the secrecy and it made no sense that he did these ATMs like he did, I hope it comes out as to WHY on Monday.
George is very competitive so for him to do what he did, it had to be that the banks were forcing him..and forcing him in regards to the OR assets..
OK man...just seems like the stuff he does is so opaque that any investor is simply taking a leap of faith. Naturally that could be said with s lot of companies, with cooked books and other tricks, but with DRYS it seems even moreso.
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OK man...just seems like the stuff he does is so opaque that any investor is simply taking a leap of faith. Naturally that could be said with s lot of companies, with cooked books and other tricks, but with DRYS it seems even moreso.
YGE is a volatile beast, hit 9.50 today before boucing back to 10.30s, good for trades but we'll see w- earnings tomorrow, could go to 14 or back to 7.
anyone thoughts on what the FIG is happenin. ceo buying 720K at $5. i believe (hope) it will pop or is this another trap.,
YGE pops back on my radar at over 16 today. A possible double in a month and I'm not on board.
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Quote Originally Posted by BigBadBlove:
GVK,
YGE is a volatile beast, hit 9.50 today before boucing back to 10.30s, good for trades but we'll see w- earnings tomorrow, could go to 14 or back to 7.
anyone thoughts on what the FIG is happenin. ceo buying 720K at $5. i believe (hope) it will pop or is this another trap.,
YGE pops back on my radar at over 16 today. A possible double in a month and I'm not on board.
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