1998 all over again?

[billyjoe]

Doug,
In your opinion how long until there is a demand again for non commercial real estate?

---------billyjoe

[IIC]

REPO Pool is over $142 bil...What will it take???...Of course the pullback from $155 bil a couple weeks ago probably had something to do with this p/b...But the money has to stop...We are double what the Repo Pool should be IMO

[IIC]

Spike...IMO...News trumps technicals...I don't know what the news will be...But my gut tells me that Bear Stearns is just the tip of the iceberg.

[New-born baby]

Thanks, Spike. Sure, it'll bounce sometime . . . but when? Yeah, I see that new bull suit yer wearin'. But who else has it on? I think these brokerages will see further losses. And prices don't drop straight down, do they? No, they sawtooth their way down. That's what I am expecting.

GS is below its 50 & 200 day, with a PnF target of $144. And it just fell through support Friday. So I expect it to retest the new resistance, and fall further.

[spikefader]

GS short to at least $145 or lower . . .
Nice, ugly, short charts.

Hi New-born. Have t' disagree wit' ya on this. I'm lookin' for a bounce soon in this one too.



I honestly thing all you guys are ignoring some significant TA that calls for a broad market bounce.

[IIC]

I can't believe I sold GS @215. It must have been divine intervention. They are listed as a +5% owner of AHM, 3.6 million shares valued at 98 million. GS asset management,that is. That's quite a loss and the tip of the iceberg. These guys were smoking big cigars and patting themselves on the back just a few weeks ago.

---------billyjoe

They are all a bunch of crooks

[spikefader]

MER could drop to 40, this is ugly

And pigs could fly if we smoked enough kraken poop. Buy this dip seems pretty logical to me.

....watch for LEH to trade down to $21......

$21.00???? Where are you pulling these numbers from? Pretty unlikely. In fact, buying this dip to look for yearly 'b' up seems pretty safe.


Am I the only one at this forum looking for a significant market bounce in the next week of so?? Yes, we may sell hard this week....but it's a very good buying opportunity imo.

[billyjoe]

GS short to at least $145 or lower . . .
MS: short to $50 or $47.50 or lower . . .

Nice, ugly, short charts.

I can't believe I sold GS @215. It must have been divine intervention. They are listed as a +5% owner of AHM, 3.6 million shares valued at 98 million. GS asset management,that is. That's quite a loss and the tip of the iceberg. These guys were smoking big cigars and patting themselves on the back just a few weeks ago.

---------billyjoe

[New-born baby]

if MER hits $40, what about GS or MS?

GS $150 amd MS $40 ?

GS short to at least $145 or lower . . .
MS: short to $50 or $47.50 or lower . . .

Nice, ugly, short charts.

[New-born baby]

Any thoughts on FBR. Penney land their next stop or is this as close to their bottom as they will travel. Marlin

They may go all the way to $Zero. Next stop is $3.50-, so I'd not even consider a long here.

[mystiky]

if MER hits $40, what about GS or MS?

GS $150 amd MS $40 ?

[riverbabe]

good job on your short...next step is the 64 swing point which we should blow by based on how MER went up compared to how we are coming back down....Also , look at buying some QID...i believe they are going up too 58...a good tool in this market.

cheers

Have some. Thanks for asking.

[MEA_1956]

Any thoughts on FBR. Penney land their next stop or is this as close to their bottom as they will travel. Marlin

[IIC]

good job on your short...next step is the 64 swing point which we should blow by based on how MER went up compared to how we are coming back down....Also , look at buying some QID...i believe they are going up too 58...a good tool in this market.

cheers

I hope you are right about QID.

On the short side these are the INDEX ULTRA ones I watch:

SDS MZZ QID DXD SDD TWM

SDD doesn't get much volume but TWM has been picking up on volume...Both were up over 7.5% today...Of course, when one thinks that the market will turn up, their counterparts could be pretty good.

[ninner]

good job river babe

good job on your short...next step is the 64 swing point which we should blow by based on how MER went up compared to how we are coming back down....Also , look at buying some QID...i believe they are going up too 58...a good tool in this market.

cheers