S&P about out of gas?

Discussion in 'Politics' started by Manolo, Mar 7, 2004.

  1. Manolo

    Manolo

    here's a recent quote:

    And I did it again! You're too easy.
    Next i'm going to put peanut butter on your mouth like they did to Mr. Ed.
     
    #151     Mar 16, 2004
  2. #152     Mar 16, 2004
  3. Manolo

    Manolo

    Recent quote--

    LEH -.50
    MER -.90

    Looks like the "blow-out" numbers didn't do much.
    The charts want to go lower.
    Now who was right, and who was wrong?
     
    #153     Mar 16, 2004
  4. What does it matter?

    You yourself have already stated that you do not trade.
    You only paper-trade.
     
    #154     Mar 16, 2004
  5. Manolo

    Manolo

    I've also stated that you are an idiot. Does that mean this is true as well?

    Do you understand what sarcasm is? Obviously not, since I've punk'd you over and over. Funny (and mostly sad) how you finally chose to believe this sarcastic remark, while you've made a career of doubting everything I say.

    Can someone please help waggie out here?
     
    #155     Mar 16, 2004
  6. Mecro

    Mecro

    Look man you do not trade, we all know that. We also know about your aliases so stop pretending. As for your calls, you make numerous calls and then focus only on the correct ones. Counting your aliases, I think you are maybe 30% correct.

    As for your comment about the financials, let me educate you. First of all, specialist manipulation has a pattern of bunching up pre-open buy orders and filling them at the highest possible price with personal stock (before setting off real seller stops). Then as the specialist absorbs incoming buyers and trends the stock down, the sellers hoping to get filled have to start coming down & down & down. And there you go. This happens more than 50% of the time and I am not at all surprised that it happened today.

    As for Lehman "blow out" numbers, I'll put it bluntly: "BULLSHIT". Lehman always seems to beat the estimates but then in general this firm is so full of it. In spite of their continued success and their corporate propaganda, Lehman still fails to get the true respect of Wall Street because people talk and the truth comes out. Lehman is extremely cheap & petty and I know that their EPS actually consists of significant cost savings & outsourcing (cough..fake numbers..cough) instead of just great fixed income performance as they claim. If you only had a clue of how badly their support departments run, you would know what really goes on in the company. Their manipulation of expense & employee compensation reporting is enough of a hint that things are not kosher at Lehman.

    I traded LEH, MWD, MER, NMR & SCH today because of the news. I do not touch GS and kinda didnt have time for BSC. Unfortunately in NYSE intraday world, the specialist not the fact most often decides how you will position yourself. LEH traded like shit, SCH & NMR was stagnant, MER is suicide. MWD is the only one I thought traded nicely. If I only knew how much that stock was gonna fall, god if I only knew. I was actually short MER, MWD, LEH & SCH at one point, but only stuck through with MWD & SCH while taking losses on the other two. Another example of how specialist abuses makes you take losses while you are on the right side.

    You said the stocks were unchanged. No actually they were selling off/being manipulated. As a real trader, I do not use CNBC terminology to call a stock up for the day which has been trending down off since the open. All I said in retort is that there is more than meets the eye. You do not even know how to interperet the numbers or why the financials had a downtrend. You made a call that had a 50% chance of being right and you did not even know why you were right. Did you even take a position? Did you even try to scalp the first 15 min up move and then take a hour+ short & hold? No you just make bullshit calls and pretend to papertrade.

    I don't come and make random calls left & right because I actually trade and unless I plan to take the position for sure, I wont say anything. I actually have wanted to take overnight shares long in all of the financials (which is actually about 10 stocks) on Monday at the close, a decision I started contemplating on Friday. But this market has given me serious beating for over a week, especially on Monday, so I was scared and discouraged. Even if I did not get so badly hurt yersterday, I would have had at least LEH overnight.
     
    #156     Mar 16, 2004
  7. Manolo

    Manolo

    Let's cut all the BS. You know I don't trade? Then I definitely don't have an audited track record from 1996-on, that says i've made money each and every year. I'm betting 10K that I have this audit, and I want to use Inandlong as an intermediary. He's the only person of trust around here. Now put up your 10K, and i'll send my audit to Inandlong.

    That's easy money for you, since you "know I don't trade."

    And I don't need your commentary on stocks. If you have an audited track record that says you made money every year from 1996-, then i'll listen. Otherwise, I trounce you, so why would I listen to you??

    Otherwise, shut yer yap, and get off this trading thread.
     
    #157     Mar 16, 2004
  8. You made an excellent call back on Monday, March 7th just before the S&P tanked:

    "Mon amigo, no need to get snippy. It's hard to say that the S&P has run out of gas when it closed at a 52 week high on friday.

    But I do agree that we are in a range. But the facts are that the S&P is at a 52 week high, so it's hard to say it has run out of gas."

    LMAO!!!

    :D
     
    #158     Mar 16, 2004
  9. is attracting toooo many amateur jokers! Look at all the recent b.s. It's becoming too similar to yhoo.com in the message board days of the 90s-2000. Ever since the market started going up last year ET is starting to attract every charlatan-wannabe who found out there is a stock market, and thinks he can be the next superstar trader. Guys with a couple years experience or less are debating others like they have some great insight into markets and trading. Very doubtful! Just witness this thread! Silicon Investor seems to have more substance on most threads!

    It starts off with someone posting about a reasonable subject, and then quickly deteriorates into a bunch of punks whipping it out, and comparing size. What a joke!! Like someone said on another thread: anyone who is 'actually' trading, and actually doing well, wouldn't bother posting any positions on ET much less debating whether to go long, short and the like. Just make the trade and profit. Why argue about it! And why attack someone else for their opinion? How trite! Let the market be the final judge.

    This is sophomoric b.s. Period! :p

    I can see why good guys leave, or post less. Gonna be more scare myself around here..... too many negative vibrations. :eek:

    IcE
    :cool:
     
    #159     Mar 16, 2004
  10. And yet this character Manolo has never, ever given one specific price level where he allegedly went short the ES, IWM, QQQ, or any other stock or stock-index.

    Just a bunch of talk, after-the-fact.

    :eek:
     
    #160     Mar 16, 2004