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[gkryhewy]

eznark is the kiss of death for rallies.

 

[Ether_Snake]

BTW looking at the attention Dead Space is getting I think it will be a good seller for EA. Not sure how much it cost to make but the sales should be good. Now it's up to Mirror's Edge to do well. Spore was such a cluster-fuck I wonder if it will put a serious dent in their earnings.

Regardless, I'm more interested in EA now than I was a few months ago, not considering the price of the shares at that.

I still have trouble believing that Mirror's Edge is coming out in three weeks tho. But I guess it will, I thought Dead Space would be delayed too.

 

[Xisiqomelir]

SRS is tearing it up!

 

[ArtG]

We're going to be testing the closing lows today. 8451 is the closing low. If we break below that... watch out.

 

[Ether_Snake]

http://www.bloomberg.com/avp/avp.ht...//media2.bloomberg.com/cache/vcYqArJFMJgA.asf

Roubini Sees Crisis Worsening, Hurting Emerging Markets

EDIT: MMM up 3% (only BA and MMM are up on my 25-something watchlist)

EDIT2: Ugh, STP down close to 17%. Not surprised tho with the price of oil! Solars will be slaughtered for months. They'll get shorted strongly.

 

[Ether_Snake]

Under 8000 tomorrow?

BTW today's earnings schedule, as far as what I'm looking at includes:

BNI (Burlighton Northen Santa Fe)
RIO
HOKU
WFR
MSFT
RTN (Raytheon, surpassed estimates)

I expect nothing pretty

 

[Kifimbo]

Under 8000 today?

Fixed.

 

[eznark]

rally!

 

[gkryhewy]

Fixed.

Not a chance. How are those chocolate gold coins under your mattress doing?

 

[ArtG]

Not a chance. How are those chocolate gold coins under your mattress doing?

:lol

If we don't rally above that 8451 level, however, we'll be looking for another bottom again.

This could get so, so ugly.

 

[gkryhewy]

:lol

If we don't rally above that 8451 level, however, we'll be looking for another bottom again.

This could get so, so ugly.

That's fairly arbitrary - it could get ugly either way. Or it could get AMAZING.

 

[jamesinclair]

All my limits executed today

KO 10/22/2008 8:28 PM 5 Buy
$43.00
Executed
ERJ 10/22/2008 8:23 PM 10 Buy
$16.50
Executed
WEN 10/22/2008 8:19 PM 10 Buy
$3.14
Executed

Yes I know, the numbers are very small, but the reason is Im uncertain on these stocks, so I wanted to go in small.

Well, except wendys, I already owned 50 stocks.

 

[ArtG]

All my limits executed today

KO 10/22/2008 8:28 PM 5 Buy
$43.00
Executed
ERJ 10/22/2008 8:23 PM 10 Buy
$16.50
Executed
WEN 10/22/2008 8:19 PM 10 Buy
$3.14
Executed

Yes I know, the numbers are very small, but the reason is Im uncertain on these stocks, so I wanted to go in small.

Well, except wendys, I already owned 50 stocks.

You've got a winner in KO.

Don't know much about the other two companies, though. (I mean, I know about Wendy's...just not a whole lot about their business. )

EDIT: The past 20-30 minutes have been dizzying--up, down, up, down, up, down. :lol

 

[Ether_Snake]

BA finished up 7%

 

[ArtG]

MSFT posted decent numbers just now--stock up about 10% in AH.

Hopefully bodes well for tomorrow.

 

[Ether_Snake]

RIO HOKU WFR MSFT all up in AH after their respective earnings release.

EDIT: Wait RIO is at 5 (or tomorrow?).

Ouch STP down 23% today.

 

[eznark]

told ya...rally.

 

[Ovid]

I decided to withdraw my money from the markets for now. I'll wait until the bottom (I think that will happen between April and June) to start buying stocks again.

 

[Ether_Snake]

I'll just look at my portfolio go down for a while since I don't need the money now. I'm playing with what's in there from here on. Tough times.

EDIT: Nikkei heading for the 7000. Sony to its lowest levels since 1995.

 

[Ether_Snake]

Yuck,, Nikkei down 600 pts, below 8000.

Yen Climbs to 13-Year High Against Dollar as Investors Slash Carry Trades

Toyota Sales Fall for First Time Since 2001 as Crisis Cripples Auto Demand

And, unrelated: http://blogs.reuters.com/reuters-dealzone/2008/10/23/20-percent-zero/

At the end of December 2007, Daimler’s 20-percent stake in Chrysler was valued at about $1.18 billion.

At the end of June, Daimler valued that investment at about $219.6 million.

Today, Daimler said the book value of that 20-percent stake is zero.

Chrysler is dead, who's next?

EDIT: Roubini Foresees Possible Market Shutdown

http://www.nakedcapitalism.com/2008/10/roubiini-foresees-possible-market.html

``We've reached a situation of sheer panic,'' Roubini, who predicted the financial crisis in 2006, told a conference of hedge-fund managers in London today. ``There will be massive dumping of assets'' and ``hundreds of hedge funds are going to go bust,'' he said....

``Systemic risk has become bigger and bigger,'' Roubini said at the Hedge 2008 conference. ``We're seeing the beginning of a run on a big chunk of the hedge funds,'' and ``don't be surprised if policy makers need to close down markets for a week or two in coming days,'' he said.....

 

[syllogism]

UK economy contracted 0.5% in q3, the first quarter of negative growth in 16 years

e: dow futures down 500, S&P 6.56%

 

[BeEatNU]

I like this thread, will subscribe.

 

[Evlar]

What's the problem in hedge funds? I need to get up to speed on this.

EDIT: Banning shorts seems to be part of the trouble?

 

[gkryhewy]

Uh... early morning trading stopped at the limit down?

 

[SIP YEK NOD]

http://www.msnbc.msn.com/id/12400801/

64 bucks a barrel too low, opec cuts output, promises more if price of oil doesn't stop falling.

In 99, oil hit 11.37 a barrel, now 64 a barrel is reason to cut output.

 

[Deku Tree]

Bloody Friday

Futures Trading Halted

 

[gkryhewy]

Guy on CNBC: "The two countries with the lowest interest rates (US, JPN) have the most rapidly appreciating currencies. Have your economics professor try to explain that to you." :lol

Yen gained 5% on the dollar in a single day! Meanwhile the dollar gained almost 3% on the Euro.

I have no idea what will happen, but I'm going to place a low limit buy for DOW and cross my fingers. Could get to a 10% dividend yield today.

 

[Deku Tree]

``This is the worst financial crisis in the U.S., Europe and now emerging markets that we've seen in a long time,'' Roubini said. ``Things will get much worse before they get better. I fear the worst is ahead of us.''

What's the problem in hedge funds? I need to get up to speed on this.

Many of them are over-leveraged. Plus investors are pulling their money out because the Hedge funds are losing it. Margin calls and redemptions lead to waves of forced selling, which in turn may lead to more and bigger waves of forced selling.

 

[ArtG]

Boys and girls...put in some low, low bids. Just put in something crazy--because chances are, it's going to get filled. :lol

 

[jmdajr]

Guy on CNBC: "The two countries with the lowest interest rates (US, JPN) have the most rapidly appreciating currencies. Have your economics professor try to explain that to you." :lol

Yen gained 5% on the dollar in a single day! Meanwhile the dollar gained almost 3% on the Euro.

I have no idea what will happen, but I'm going to place a low limit buy for DOW and cross my fingers. Could get to a 10% dividend yield today.

it all makes my head spin

 

[kathode]

Bloody Friday

Futures Trading Halted

!!!!

AAPL below 90 in the premarket.

Sony cut their profit guidance by over 50%, which seems to have kicked a lot of this off.

 

[gkryhewy]

!!!!

AAPL below 90 in the premarket.

Sony cut their profit guidance by over 50%, which seems to have kicked a lot of this off.

Nintendo down another 10% right along with Sony. On the other hand, with the yen gaining 5.5% on the dollar, that's only a 4.5% net loss for US traders :lol

At these levels, Microsoft is going to buy RIMM. Only a question of when. There were widespread reports of a standing offer at $50/share.

POT down to $57 by the way, ether_snake! Still stay away. There is no floor.

 

[Tideas]

damn, i bought some stocks yesterday. Should have waited til today.

Today's gonna brutal. I'm looking at 7900 closing bell. Anyone?

 

[Yagharek]

Im in Australia, but Im trying to find out what time the NYSE opens. Its in about 20 minutes from now by my calculations. Correct? I want to see how it opens so I know what to do with my aussie shares on monday.

 

[Kifimbo]

Correct.

No need to wait. It's gonna be a bloodbath.

 

[Justin Bailey]

!!!!

AAPL below 90 in the premarket.

Sony cut their profit guidance by over 50%, which seems to have kicked a lot of this off.

So the PS3 killed the world economy? Nice.

 

[Yagharek]

Yeah I expected as much, thanks for the confirmation on the time.

 

[eznark]

I'm guessing my daily calls for rallies will not be necessary today.

bunker in.

 

[toxicgonzo]

Today is going to be a very very bad day. The Dow Jones futures are down as much as 550 points.

bailout.gif

 

[eznark]

well, that was precipitous

 

[Deku Tree]

How long till automatic trading halt triggers kick in?

 

[gkryhewy]

Surprisingly stable.

How long till automatic trading halt triggers kick in?

I don't think they will.

 

[Evlar]

How long till automatic trading halt triggers kick in?

An 1100 point drop.

 

[eznark]

How long till automatic trading halt triggers kick in?

It won't reach that. 8000 will be the floor, and at 8 there will be a nice big bounce.

 

[gkryhewy]

Expectations of bloodbaths were greatly exaggerated.

Whaddaya know - there are buyers.

 

[eznark]

Expectations of bloodbaths were greatly exaggerated.

Whaddaya know - there are buyers.

there is a lot of day left

 

[gkryhewy]

there is a lot of day left

You're right - still plenty of time to get back to green

 

[lil smoke]

It won't reach that. 8000 will be the floor, and at 8 there will be a nice big bounce.

I would have said 8000 2 weeks ago, but now I think it's 7000 maybe 6000. Probably not today though.

 

[eznark]

You're right - still plenty of time to get back to green

AMEN!

I would have said 8000 2 weeks ago, but now I think it's 7000 maybe 6000. Probably not today though.

We'll have a better idea after today, but the early morning reaction makes me feel even stronger that 8 is the floor.

 

[MassiveAttack]

I would have said 8000 2 weeks ago, but now I think it's 7000 maybe 6000. Probably not today though.

The bottom was reached at 7800 about a week ago. The floor is really around the 8000 level as others have said and many fund managers believe.