November Stock Talk III

Question

On options expiration day, why not start another thread.Will be interesting...

Vermeer · Answer

On options expiration day, why not start another thread.Will be interesting...

gamble04 · Answer

Market is definetly going to rally big time today.  Looking at it to finish up probaly around 700 points.  Any thoughts????

KOAJ · Answer

gamble - i think you are a bit crazy with the &#x2B;700 but who knowsthe only buyers are those covering shorts

depeche2 · Answer

I think Dow trades between 7650 and 7900 and closes around 7800.

KOAJ · Answer

1/2 hour in and the rally has no strengthdown 7k next week

depeche2 · Answer

Citigroup under 4 bucks.  Truly unthinkable.  A 300 billion dollar company down to 20 billion.  One of the largest companies in the world.

wallstreetcappers · Answer

C has been gulping cash infusions for 18 months, it is very obvious they havent come to grips with the internal bleeding..no ammt of cash is able to stop the flood.

It sure smells like a take over or sale of a ton of assets is in the works.

KOAJ · Answer

can you or anyone else tell me what their assets are valued at?how about their liabilities?until anyone can put a number on it, they are a zero...same with anyone else who was involved in the cdo, cds, mortgage game

Vermeer · Answer

All I can say is thank God for SKF...

KOAJ · Answer

of course there&#x27;s no way to know the Messiah would name his Treasury Secretary this afternoon

LeRinkRat · Answer

the only buyers are those covering shorts &#xD;&#xA; &#xD;&#xA;the shorts made a LOAD this week and I doubt any of those "don&#x27;t players" want to carry over the weekend. &#xD;&#xA; &#xD;&#xA;and as for C and the others with derivitive exposure, just HOW in the HELL can you value them? all the traditional financial models are our the window.

KOAJ · Answer

all the traditional financial models are our the window. -----------which means that you are more qualified to be an analyst than most analystsmodels are backwards looking, you look forward

Vermeer · Answer

These people have been dead on for about 4 years now..

At mid-year, June 30, 2008, the Office of the Comptroller of the Currency (OCC) reported that Citi's primary banking unit, Citibank NA, held $37.1 trillion in total notional value derivatives, including $3.6 trillion in credit default swaps, which, in recent months, have proven to be the most dangerous category.

In contrast, Wachovia bank, bought out by JP Morgan Chase in a deal brokered by the regulators, had only $4.4 trillion in derivatives, among which $404 billion were in credit default swaps, or only one-ninth the size of Citigroup's.

Thus, whereas it was possible for the authorities to arrange buy-outs for banks like Wachovia and Washington Mutual, there is no buyer big enough in the United States to absorb Citigroup. Nor is it likely that an international consortium of banks would want to squander the precious capital they have left on a sinking titanic the size of Citigroup.

stay out of the stock market. Do not be lured back in by so-called “bargains" or temporary rallies like Friday's. Our next target for the Dow is 5500, and it could get there very quickly.

Vermeer · Answer

And from another doomster who has had the bad luck of being correct as well...

Citibank will probably be the first "too big to fail" bank to fail given the increasing cost of the credit default swaps on it's debt. This failure will come with a twist. The majority of Citibank's deposits are contained overseas and thus not covered under the FDIC's revised insured limit of $250,000 USD. This will probably come as a surprise to Citibank's depositors, who overnight will morph into Citibank's creditors.

. But I'm on the lookout for the coming day when both the stock and bond markets head down together. That's when we know that the Great Bond Collapse of 2009 will be underway.

jaxwhitey · Answer

Hey Vermeer do you have a link for this Citi info?  I&#x27;d like to read more about it

kroch · Answer

should be a rather interesting week, despite the holiday. looks like govt going to inject capital into Citi. futures up a bit, but i think the news is not good for the market in general (largest bank in the US still having problems)

i got caught in the short covering friday...but the trend is still lower. too many optimists on tv saying how cheap stocks are. we need everybody to be bearish to hit the botto.

claycourtlesson · Answer

Wake up and just want to farking vomit...........&#xD;&#xA; &#xD;&#xA;"Another" farking bailout package for Wall Street as the farking fascist comes in to save his cronies over at Citibank.&#xD;&#xA; &#xD;&#xA;Meanwhile "Joe The Taxpayer" takes it up the ying so these sheetheads can continue on their merry way.&#xD;&#xA; &#xD;&#xA;Only one way to do it..........&#xD;&#xA; &#xD;&#xA;Burn baby burn.

claycourtlesson · Answer

Next in line for personal bailout packages........JPM.&#xD;&#xA; &#xD;&#xA;Followed by GS.&#xD;&#xA; &#xD;&#xA;Every farking one of &#x27;em should crash, burn, and FAIL!!!!!!!!!!!!!!!

wallstreetcappers · Answer

CC,I dont get why people are mad at this..do we want our financial system to fail, people to lose their jobs, chaos and destruction to prove a point?I say no..and unfortunately these banks/firms got into a pickle and it serves a much greater good to not allow some to fail than to allow it to happen for principal.

Sherman79 · Answer

i bought into Citi today at $5.90. How high will it go? Im gonna put a sell limit on it, but wondering where i should do it. Im thinking $7.90&#xD;&#xA; &#xD;&#xA;THoughts?

KOAJ · Answer

wall - i dont think CCL wants failure...just wants everyone to deleverage and be normal banks and make their stupid spread on all of their deposits. thats how i want it

wallstreetcappers · Answer

Well we both know that cannot happen with an illiquid CDO and CS market, these guys took a gamble which failed and until the system turns on again these toxic assets will keep polluting these companies.

I havent read the fine print but I sure hope that the government make out like a bandit for doing this..its the only reason this is ok, outside keeping the system working and people having jobs.

LeRinkRat · Answer

which means that you are more qualified to be an analyst than most analysts.&#xD;&#xA; &#xD;&#xA;I knew THAT a long time ago when I was buying CMPQ (the original Compaq Computer nasdaq stock symbol) @ $4 when every stinking "anal"yst in New York just KNEW that IBM was going to run them over. &#xD;&#xA; &#xD;&#xA;WRONG.&#xD;&#xA; &#xD;&#xA;the people that bought and held long term back then made OODLES of $$$.

LeRinkRat · Answer

btw, this monday rally looks like "hey, why take a chance?" (ala the movie "Casino") short covering ahead of Obama&#x27;s speech (just incase he really DOES have a plan).

November Stock Talk III

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