Cara's Commentary & Community Chat, Mon., Feb. 2, 2009

[8:28am ET] I think maybe the guys in yellow won. I know that most of the people at the party were not watching one of the TVs, including the giant screen we were standing beside in the courtyard where I live. Most of the talk was of Liverpool and Arsenal and Man U. But, then, as I remarked to my friends, we were rather an eclectic group, from Ireland, Scotland, England, India, Germany, Spain, Holland, Colombia, somewhere in Africa, the US and of course Canada. I am sure I missed two or three countries in that small group of about a dozen of us. Yes, we are the world, and there we were, on Super Bowl Sunday, talking English football, but mostly just talking. Did I hear Obama


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bigwad1
Guest
bigwad1

This is pretty close to back dating, but the bankers make the laws, so I’m convinced it’s business as usual. Pretty soon reporting executive’s compensation won’t be required. It’s coming. Why even save these banks? Let them go bankrupt and send those banker crooks to Guantanamo Bay for and extended vacation!!!!! Every other greedy banker will follow the lead until it’s billions of dollars instead of millions. Next year they will be granting delayed stock option bonus’s for 1999, or what ever year they pull out of the hat. Thank the writer for forensic accounting DD. The compensation was in… Read more »

Craig
Guest
Craig

I’m a dog trainer and I can confirm, old dogs learn faster than old bankers….by far. Dogs are loyal, honest and hard working.

Bankers are none of those things. That’s why bankers aren’t man’s best friend.

Bull Hunter
Guest
Bull Hunter

Good morning.

Price Targets Lowered:

AMAT – from $15 to $14 @ Wunderlich
FSLR – from $229 to $209 @ Argus
XOM – from $95 to $90 @ Argus

Luggie
Guest
Luggie

This one will see some nice action today – not sure how to play a nice news release at open or later. Happy Trading

seadog
Guest
seadog

kaimu,
Good to “hear” your dulcet tones again. Could you please explain in more detail your understanding of the inverse relationship between liquidation value of debt and applicable interest rates?

In regard to trading gold for fiat in times of extreme unrest I can only see governmental intervention, as has occured in the past. A future blackmarket in gold? Any thoughts on ownership of ‘derivative gold’ like ETFs (counterparty risk/manipulation) vs physical?

I remember the days when fiat meant an unusually unattractive and usually unreliable Italian car.

jacksoo
Guest
jacksoo

Form an appropriate sentence to include the following words:

dog, new, can’t, teach, old, tricks

swissrobinson
Guest
swissrobinson

So if I understand correctly, UBS will pay an excessive amount of money to purchase brokers and their capital under management because their other brokers lost them a ridiculous amount of money.

Talk about the dog chasing its tail. What happens to the money under management when the clients realise their money has been put onto UBS’ books? hmmm… What would I do?

I should be warning off the family and friends from buying UBS on the local exchange. Wealth management tied to excessive payments to employees sounds like same old, same old.

NYUGrad
Guest
NYUGrad

http://tinyurl.com/arepxo “UBS AG, the Swiss bank under investigation for allegedly helping wealthy Americans evade taxes, hired more than 200 brokers in the U.S. in the fourth quarter as it sought to counter client defections. UBS hired a team of five in Dallas from Goldman Sachs Group Inc. with $4 billion under management, and a group of the same number from Morgan Stanley in Houston with $2.1 billion in assets, Karina Byrne, a spokeswoman for the Zurich-based bank, said in an interview yesterday. The largest Swiss bank lured employees from those and other competitors by offering signing bonuses of as much… Read more »

David
Guest
David

Johnny, I suggested BTU because I think it has seen its bottom already, and so now you can trade it without reading ANY news at all, simply by scaling in on the way down and scaling out on the way up (that’s what I am planning to do). Here is a price chart for Central Appalachian Coal Futures: http://www.eia.doe.gov/cneaf/coal/page/nymex/nymex… However, the short-term correlation with BTU stock price is not very high. Interestingly, SLX (steel ETF) has a very high correlation with BTU/ACI, presumably because a large part of coal is used in steel mills. But I think another reason for… Read more »

Johnny
Guest
Johnny

http://tinyurl.com/ajvrol Above is the link to “MINEWEB GOLD PRICE COMPETITION 2009 gold price estimates – High $1345, Year End $1172, Average $992 This year’s Mineweb gold price competition closed on Jan 31st with readers on average fairly bullish on the yellow metal’s price prospects for 2009. Author: Lawrence Williams Posted: Monday , 02 Feb 2009″ So, there you have it Dr. Cosa.. Gold will hit $1345 this year. Just buy and hold until it gets there and sell before it falls back to $1172 🙂 Just kidding you. It’s late and past my bed time. I figure your the resident… Read more »

Ross
Guest
Ross

Thanks jonny and cp. I haven’t run the numbers recently so I applaud your efforts. JCP is trying to evolve from a mall based anchor to more of a strip mall or Kohls concept. They are Dallas based and I know a few (very few) of their senior management. My take is that they are very hard working and competent people who understand that their personal success is greatly intwined with the shareholders. The lower the stock goes, the harder they will work unlike many other companys I’ll not mention!

Thanks again

Johnny
Guest
Johnny

Thanks CP. You put JCP on my radar and I appreciate it.

Johnny
Guest
Johnny

Thank you David. I have looked at ACI and BTU before. But now it’s more serious because I have to find another trade. BTU fundamentals & volatility are reasonable. Interest coverage is a bit on the low side 6.4 vs 26.9 for the industry. I assume that affects volatility. Of course UCO doesn’t have those stats. But there is one other thing. I can follow a lot of stats on the oils. For example WTI (near live feeds) vs NYMEX futures. I can get the tanker news. Geopolitical events have an effect. But the crazy DJIA isn’t an overriding factor,… Read more »

brown-cal
Guest
brown-cal

When you read about the things that Daschle has done with his time since holding office (here) you think that he is the exact kind of person that Obama would want to keep out of this position. But this is after all a payback for Daschle’s help in the primaries (a payback of the legal variety).

Chickenpookie
Guest
Chickenpookie

Does look good…. Assuming the new energy policy doesn’t kill their profits.

Chickenpookie
Guest
Chickenpookie

Everything needs to be taken in context. My question is if Daschle knew his limo service “gift?” was taxable, or if he made an honest mistake. He does bring big political capital with him, no doubt.

Johnny
Guest
Johnny

I am tired of posting about this ETF, but I thought it was important to mention that todays UCO volume was 20,973,137 almost 5 Times the average volume of 4,280,250 (as posted on Yahoo).

I checked a few other petroleum ETF’s e.g. USO, OIL, ERX and they also had increased volume, but nothing like USO today.

I don’t know what to make of it. Perhaps Bill or one of the seasoned traders on this blog can offer a possible explanation.

vinod
Guest
vinod

plan is to buy put on DOG
David you may want to take a look at shorting DOG. i do not short any

Mark Barry
Guest
Mark Barry

I’m going to throw this one out here again. Anyone following V? It has had a nice run the last week or so. + 13.58% so far for my trade.
FD- also SOLD V about a 3 months ago @58 for a HUGE loss.

Chickenpookie
Guest
Chickenpookie

Johnny – Good analysis, I’m suspect of any divided yielding equity that hasn’t already chopped their divy…especially retail. Earnings report 2/20, then we’ll see what happens.