Thursday, May 10, 2007

Market Summary

Easy => "The Trend is Your Friend"

55 comments:

Bud said...

Some real poor same store sales today. I think market could pull back some here. Say 5%? I know that's part of the 'beefer ping pong game'...but hey.....I'll play along.

Bud said...

Or wait.........is 5% too much for ping-pong? Is it a bungee jump?

Bunkerman said...

lol, that depends on how long one is. ;-)

Bunkerman said...

Without some real news, I think a beefer-induced dip gets bought before 5% (= 75 S&P pts.). Strong support exists around 1450 cash.

Bunkerman said...

actually, the old IT high around 1461 would be support.

mern said...

well even jeff macke saw these poor results coming so im guessing the bulls stay quiet till say 940 am, then grossman will die.

ive discovered a species of humans more annoying than cramer. they r found on my soccer team. they r old, not very gud, screw up all the time. do i say anything, ever, not my style (unless u r not playing defense, i will get vocal on that). but god forbid if u make even a mistake. and it when on and on even after practice, guys telling me to relax and play within myself. what bs. i have the best first touch on that team and when i decide to dribble (which is rare, it usually works). so what if i was going full speed down field. i tripped over a divet the size of the pot hole, rolled both ankles, and then got screamed at.

that really tipped my bucket and im icing my right ankle, as i type.

i tell ya those brits think they invented the game. same with the mexicans and germans.

routing for warriors but definitely choked up during the fisher interview. still dont get why he thanx god. isnt god the entity that gave his 1 yr old cancer?

bud, without goggling, name the cities the warriors and the jazz last played in before thier current cities? its easy. i remember when the jazz moved, was about 7 yrs old.


ALJ cud be a gud buy here after the miss like SUN was

Bunkerman said...

uh, mern, that's good place for a few four letter words.

You must have very high tolerance for crap.

I would have lashed out in 1 millisecond.

Bud said...

Jazz were in NewOrleans. I'm gonna guess Warriors were from San Diego?

Bunkerman said...

Hmm. What about the Lakers, Mern?

Bunkerman said...

I guess the Warriers were from Philly.

Bunkerman said...

The Elliott Wave count for the minor wave up move can be read a complete 12345 wave move [end of March 1420 to 1515 yesterday]. So there's no support now from that measure of behavior. An ABC pullback to the 38% retracement level would be about 1479.

mern said...

ya the philly warriors, gud job k man.

cud u imagine the culture shock the new orleans jazz players got when getting to utah? i think pete marovich may have been on that team. they shud have changed names to reflect the different culture. maybe from the "jazz" to the "Utah Prophets". john smith cud have been the mascot. LOL

watch the utah games, there isnt a black man or women in the house.

GO WARRIORS!

soccer, i get mad at myself. and if u dont mark your man when we dont have the ball, i will let u know. short of that, i keep it positive. that wud have made gud utube video, last nite. i rolled on that divet, tripped on my feet and went into a flying face plant and explatives were flying from my mouth, mid air. actually i think everyone thought i was made becuase i lost the ball and it looked so bad. but the guy i had just beaten said to me, "look at foot prints in that divet" that is what got me so mad. and to make it worse it was covered with sand.

VG beats estimates rofl

Bunkerman said...

I knew that Philly had a good team in the 1960s with Wilt CHamberlain & before 1976, I doubted they would have ben calle dthe 76-ers. So I made the logical guess.

Uh, I'm waiting for [non-Google]guesses for the original city of the Lakers. ;-)

2nd Q: Who was their big star in the 1950s?

mern said...

june cracks up 2 to 34.17. insane

mern said...

my basketball knowledge is limited to the 60's till present day. id have to cheat to see the warriors mvp from the 50's. that must have been quite the move too. those players must have thought. "wow and i thought philly was a pos" :-)

mern said...

die market die!

mern said...

bear market over, its 10am

Bunkerman said...

OK, youngsters. The LA Lakers were originally the Minneapolis Lakers.
And George Mikan was their big star, the original basketball big man.

mern said...

well it took some time, but monday morn it looks like im off to 9 to 5 land.

crap!

lol

mern said...

oh i knew that. i thought u were talking about the warriors mvp back in the day. when i was thinking about the question all i cud do was picture mikan. didnt he wear glasses. tall, skinny, white, tight pants and shocks to the knees. with the orginal converse sneakers.

"mern the compliance officer"

rofl, ive seen every scam in the biz. i shud be pretty gud at catching the scum. but from what ive seen the scum r usually the big producers and management tends to favor the producers version than compliance. at least until the lawsuits start flying.

Bunkerman said...

exactly, Mern re Mikan.

Bunkerman said...

You'll probably be a good compliance guy, mern. You know the scams but also how honest people can screw up.

Bud said...

"Scum r usually the big producers'.....huh? Wrong Mern. You sound exactly like those SEC/NASD enforcemnet officers who think if these guys are makin money...they must be doin something wrong. Even Bunkerman kind of thinks like that with all his 'hogs at the troff, looting'...etc nonsense. Ethics have nothing to do with how much money you make. There are very honest rich people and dishonest poor people. Get that populist thinking out of your head.

Bunkerman said...

Another thing, Mern. Those NASD scalphunters are really jerks. They often look for piddling bs stuff to hit the firm with a fine so they can hang one on their belt.

mern said...

LNOP 1234? np

Bunkerman said...

True, Bud, but the obverse is also very true: There are dishonest rich people and honest poor people.

I haven't noticed too many poor, honest CEOs lolol. Honest sure, lots, but poor? roflmao.

Bud said...

MAy 10, 2006 redux? Or is this just a beefer ping-pong game?

mern said...

im just talking personal experiences, bud. firm #1, "do we rob cheat em how" OMG, that place made the movie boiler room look like pre school. one example. broker #1 has 1.5 mil under management and most of that was with a guy on his death bed. he did over 100k in comish in a month. management was flying him to vegas, all expenses paid. the son started to look at the confirms, sued. bizmark was fired so fast it made my head spin and the bs from the owner over why made me physically ill.

brokerage firm #2. shields and company, two seats on the NYSE. tampa office was the biggest producing office they had. i was the third biggest producer for the firm, the first two also worked in the tampa office. from 99-01 i warned the owners like 20 times the other 2 were doing insanely illegal stuff. was told to mind my business. then they got sued, and they just shut the tampa office down.

example #3. my fathers "best" friend. take over my and my moms account after my dad died when i was 9. this guy was one of the biggest producers at paine webber. in the mid 80's he essentially controlled the whole float of some thinster and absolutely crushed me and my mom to the point where she had to sue paine webber and won. in 1998 i saw some of the paper work related to the case and since i was in the biz and older i got a profound understanding for what he did. he did 14 mil in comish in 3 yrs (85-88). putting the best fills into his own account and cancel rebilling crap trades into my account or my moms or some other sucker. he was my dads best friend. in 99, the NYSE paid my mom to go to NYC and testify against this pos, but he didnt lose his license.

i can only go from what ive seen and experienced in my own life.

sure i know a few brokers who a huge producers and do it right, but in my personal experiences that is not the majority.

when i was doing 500k a yr gross, i got audited by the SEC and the guy said to me. "well there aint many like u. u seem to really care"

im sure the biz is loaded with great people, i just havent been exposed to many.

to think i almost missed going to college becuase my father best friend just had to have another beach house or another boat or whatever is simply disgusting. your best friends widow and son. if i saw him right now, hes like 80, id beat him to death, and not care one bit. id probably LOL while doing it. just like i did when the dogshop owner got splatted. i laffed my ass for weeks and threw a party.

bad people sux. and most of em r white. jmho

Bud said...

Bunkerman are you really a Reagan republican? I don't recall Ronnie bashin CEOs or complaining about the wealth gap in America. Populism doesn't make sense in a capitalist society. What I love about America is that not only is the accumulation of wealth allowed, it is encouraged.

Bud said...

Lmaoooo...do we rob cheat em how

Bunkerman said...

Uh, Bud, Ronald the Great was a populist. He didn't bash the rich, & gave the working man a fair break.

He refused to subsidize the rich CEOs, too.

The looting today & how they rig pay packages would sicken him. And how they screw working men.

Getting rich is as American as applie pie, but not by acting like some feudal lord taking the grain of the poor.

Bunkerman said...

Teddy Roosevelt was a populist, too. He made the powerful compete fairly, too.

mern said...

that firm was insane! if u didnt hide your book when u went to lunch some producer wud steal and call your clients and do gross out of it. samething at nite. had to take book home and all leads.

i was so dissapointed with the movie boiler room. the producers shud have watched a real boiler room, becuase it was much more insane in real life. my fave story. this is hilarious. this story was actually in business week.

broker A buy large amount of cocaine. calls broker B and asks him how to turn it into base. broker A calls broker B back and says it didnt work. so broker B goes over to the guys house and sees he mix all the blow in big pot of boiling water. when he finished he said he gave the guy a baseball back. so for weeks this guy was smoking crack in the office while on the phone. he wud put the base on his cigarettes (this was like 1990 so u cud still smoke in the office). so he got DK'ed on a trade. so in his cracked out mind. he first called and left a very threatening message on a answering machine. he also had the guys power shut off. he came to work the next day and the FBI was there and arrested him, a la bud fox

ROFL (totally true)

Bunkerman said...

So far this just looks like beefer profit taking, trading programs & similar noise. Ping-pong.

mern said...

im gonna go drink lunch, be back for close. need to enjoy my last two days of retirement. i just tried on a suit and its fits! that wasnt happening a month ago, but i still need to lose another 15.

man i gained 30 lbs in 2 yrs being a lazy slug.

Bunkerman said...

Enjoy it, Mern.

Bunkerman said...

Glad I'm going to Las Vegas on Sunday for three glorious days. Ms. Market wants to give me some pain since I've been doing too well for weeks. I'd rather not watch.

I think the dip gets bought after a spell. Usually it takes beefers 2.5 or 3 days to get rid of their big trades. Why be a hero? Wait for the selling to dry up to buy.

Bunkerman said...

A problem with your thinking, Bud, is that we all know that power corrupts. So who is powerful, besides those annointed by government? CEOs & other high corporate officials & some wealthy people. So one should EXPECT some to be corrupt. No surprise that some are. And they aren't poor. So I'm not bashing the wealthy per se [uh, I do meet the definition of "rich"], I bash the corrupt wealthy and those who use their power to rob the rest and act corruptly.

Bud said...

Cool Bunkerman. I love Vegas!! Where are you staying? I am gonna be takin the day off tomorrow .....ping-pong can get tiring. So you guys will be able to bash CEO's all you want tomorrow. I am the only one on this blog that stands up for the rich and powerful.

Bunkerman said...

ROFLMAO Bud, friend of the rich & powerful ;-)

Venetian. We have stayed there the last few trips. We like it.

Bud said...

Lmaooooooooo....I thought you would like that!

mern said...

thats what i dont get about humans. if i became more powerful, my level of greed wud go down.

hey bud u listen to those cds?

that was a nite of magic. FOR SURE, and they been together two weeks.

im long the joan osborne calls on "morning dew" in a big way.

of course u think of jerry listening, but she makes it sound like jerry personally handed the baton to her on that one. what a great song.

K man "moring dew" its a cover from the 50's. no goog, whats the song about? i bet u know it. hint

"Where have all the people gone, my honey?
Where have all the people gone today?
There's no need for you to be worrying about all those people
You never see those people anyway"

mern said...

have a version of this from 87 at MSG, where jerry just shud have exploded and ended it right there. man oh man was that smokin, but the good lovin, la bamba, good lovin had the extra bobby cheese with that phat jerry licks and smiles all around on that one. lets see if i can find that one on the net

Bud said...

Yeah Mern.. So far been listening to 2 of them...saint stepehen shakedown st / and the one with morning dew. Very cool. I'll check out the others soon.

mern said...

first cd, which u r not listening to, is very solid, but once again, how can u know not love joan on the "good lovin" to close it out!

u were right that st steve was explosive! remember about 2 bars in i was like " see u in the front row" as i danced my way there?

john scofield (who played those florida shows, the 3 i went to) just tore it up! better than jerry, imho

Bud said...

What's funny about the 'people versus the powerful' is how ridiculous it sounds in a meritocracy. The American revolution was born out of the unfairness in a monarchy. Why should bloodlines determine a man's place in society? Today we all have an equal opportunity to succeed. These CEO's weren't born into their positions. They worked hard and played by the rules. The executive pay bashers are jealous that they could not achieve similar success. I can't for the day when someone calls me a...'hog at the troff.'

mern said...

man my oldest dog is not gonna dig me working. she pooped in the house ,while was at lunch.


lol

cramer talking about lexapro. so im out it. my crazy cuz is on it. AJ from the sopranos is on it. i think lexapro works, it increases seratonin. but unlike, say paxil, it doesnt kill your desire to please the better half.

i see a stock getting hammered that i wanna load up on. NICE

hit some CTX here for giggles

mern said...

my feelings r (like bush, a C student, who ran the rangers and HEC into the dirt, plus anything else he touched), is in most cases CEO's fall into it. the world is truly (in many cases) "who u know" not "what u know".

totally against the govt getting involved, in fact, frankly, im an anarchistic but understand most humans r too dumb to live the golden rule.

im more concerned about the underpaid NFL retirees and current players. :-)

short gene upshawn. hes like oj. whitey.

"hey whitey, the jew is using the blacks to take your jobs. what u gonna do about that?" and there is the KKK thesis. LOL

mern said...

hit yhoo, small

mern said...

OMG kobi (cmvt) still not in jail.

jaw dropping

im loading up here on this rinse

mern said...

NOT !!!!!!!!!!!!!!!!!!!!

mern said...

very short here for a gappa down

Bunkerman said...

I have no idea, Mern re "moring dew" or "morning dew". Your clue makes me think it's about blank faces of people commuting to work.

I took off that last part of the day, to just relax & read.

Bunkerman said...

Uh, Bud, it's spelled "trough"

I think you misunderstand the beef about the rich & powerful. Being able to become rich & powerful IS part of a free society. BUT then using one's power and wealth to exploit & oppress & rob others AFTER getting powerful is my beef. That's where limits need to exist. And that's why pure libertarianism fails.

Bunkerman said...

Bloodlines.

Hmm. The rich & powerful are now trying to eliminate long-standing time limits on trusts & estates so they CAN create a new nobility of rich & powerful descendents.

This is a problem with SOME of them. SOME do want to become a new nobility. Another reason why limits are needed.