The "up-to-the-minute Market Data" thread

reply to post by irishchic


But no credentials you say...?

These are the kinds of things that are right up my ally

But seriously, Im not a felon lol

Interesting day today..

Anyone have any ideas?

Im out of good ones until we see our next move..

Btw, we are slowly running into my #1 resistance..

My theory is this though.

Big money has bought us up to here presently.

Bear's trying to push us down, but really have no momentum..

I really DONT THINK THE RETAIL INVESTOR HAS PLAYED AT ALL this week

That makes me think when the bulls kick back in and we take out a new yearly high (yes, cross your fingers) the retail kicks back in...

This of course all hinges on every positive thing happening from here on out

Todays action in DOW FUTURES REAL TIME

[edit on 19-5-2009 by GreenBicMan]

And the past several days as a reference..

Notice we are in some sort of uncertainty wave right now..

Where do we go??

Nobody knows!


DOW FUTURES past several days

Originally posted by GreenBicMan
And the past several days as a reference..

Notice we are in some sort of uncertainty wave right now..

Where do we go??

Nobody knows!


DOW FUTURES past several days

I have no idea which is why I am not trading.

BAC is closed at its low (went down 4%) and is now down another 3% after hours. I wonder if it is because of dilution

Originally posted by RetinoidReceptor
Why are you so sure Tuesday will be a slaughter?

[atsimg]http://files.abovetopsecret.com/images/member/7d93585b9663.jpg[/atsimg]


$480,235 - jet fuel = $658

commentisfree.guardian.co.uk...

www.richard-seaman.com...

www.pillers.com...

Bank of America is now trading -5% in after hours. The bank must be offering stock and it is being dilutive. HPQ (HP) is also down 5% after hours. This will probably drag on the futures tonight.

reply to post by RetinoidReceptor


yeah.. it is already..

we are off about 40

In the old days they used to say that if market volume became light it signaled the end of a rally. I guess they consider 1.3 - 1.4 billion shares light these days, but the rally has continued. With so many new debt offerings in the way of bonds and stocks being issued you would think that would put pressure on prices?

Some of these new bank bonds that are offering a 9% return may not end up being a flight to quality but earnings from stock shares are terrible and there is always the risk of corporate bankruptcy with stock shares.

As for todays housing start numbers, anyone think this might be an example of the deeper recession with shorter duration we were talking about? This Aprils lost housing starts effects jobs, supplies, and bank financing now which adds to the burden and deepens the recession. Next April or whenever the housing glut has been removed it could spell the start of a real recovery for builders.

[edit on 19-5-2009 by fromunclexcommunicate]

reply to post by RetinoidReceptor


I wonder what is going on with BofA,

BofA Prices 825 Million Shares at $10 a Piece

Bank of America has priced 825 million shares at $10 each, sources familiar with the offering told CNBC.

Bank of America also is considering an exchange of preferred for common shares, but no details on the size of that exchange were available.

www.cnbc.com...

reply to post by marg6043


If its anything like the citi deal it will go like this..

1. mass selling based on confusion

2. 5 up days in a row, to make you think its going to skyrocket

3. down 40% the 6th day

4. trade within a 1 dollar range for a month

Answer is, prob a few market makers and some top execs know for sure


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On another note, dow futures holding strong right now.. we might even see green here in a few minutes

reply to post by GreenBicMan


I for one wish to all the Gods known and unknown... that BofA goes to near $1 a share.. hell, I wish Citi will go to $1 a share again..

That's one mistake I will never live twice, I'll be on that like white on rice!

Originally posted by Rockpuck
reply to post by GreenBicMan

 

I for one wish to all the Gods known and unknown... that BofA goes to near $1 a share.. hell, I wish Citi will go to $1 a share again..

That's one mistake I will never live twice, I'll be on that like white on rice!

If they go down to $1 again they most likely will keep falling all the way to zero, but still may get some bounces along the way.

Originally posted by burntheships
S & P Drops

[atsimg]http://files.abovetopsecret.com/images/member/5ad59f29e696.gif[/atsimg]

That is a bogus chart. The methodology for S&P eanings is extremely flawed. The S&P 500 is a market cap weighted index, but the earnings are not market cap weighted. Thus the huge losses by financials have had an undue effect on the earnings for the whole index. Jerememy Siegal explains it better.

Why the S&P earnings are better than they look

Wow what a turn around for bank of america's after hours. Almost 100 million shares traded. It was down over 5% earlier and it ended up .32%.

reply to post by Rockpuck


Its a tough call to pull the trigger...

Its easy to talk about.. but when its falling like that.. to pick it off at 1.00 took some *****

Thats like who bought citi at .98.... I mean, in the back of your mind, you have to be ready to lose all of it..

Oh to have the capital.....

reply to post by disgustedbyhumanity


Yeah, I think BOA went to 4 dollars..

I tried so damn hard to get my dad to buy this at 6

I told him you are betting on america (like ive said in here..)

But these are tough calls like I outlined in my previous post...

You are right.. prob will never see these there again

As Ive stated before, I think we all saw some GENERATIONAL LOW'S earlier this year, we will prob never revisit again in our lifetimes

Originally posted by GreenBicMan
reply to post by disgustedbyhumanity

 

Yeah, I think BOA went to 4 dollars..

I tried so damn hard to get my dad to buy this at 6

I told him you are betting on america (like ive said in here..)

But these are tough calls like I outlined in my previous post...

You are right.. prob will never see these there again

As Ive stated before, I think we all saw some GENERATIONAL LOW'S earlier this year, we will prob never revisit again in our lifetimes

BAC went to 3 dollars and Ford went to 1.50. I should know. I bought both and sold BAC at 5 dollars and Ford at 2 dollars -_- I made the best calls of my life and sold wayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy too soon.

reply to post by RetinoidReceptor


Always take profits when you can of course..

They could have went to 1 dollar as well..

I think your Ford call to get out was much better than your BOA.. but who would have known..

I still think Ford is a big gamble

For those who are interested..


Past 24 Hours in Dow Futures


We saw green a few hours ago.. and just drifting..

the 20,50,200 Min EMA's are in inverse position right now.. meaning we will drift lower (mathematically of course) until these correct...

**none of those are shown on this chart btw**

Originally posted by GreenBicMan


I still think Ford is a big gamble

I do too. Especially at these prices. I'd buy puts on them but unfortunately time is against you and who knows when that stock will head back down...