Short term trades in the stock market •$$$$$•

[s13sr20det]

invest in hemp!

http://video.cnbc.com/gallery/?video=3000059976

 

[Tronic]

AMR!!!

Got in right after the Chap 11 announcement @ $.25.... market opened today at $.47 sold some today at $.79, now just waiting to buy some back up with the profits. Before she closes.

Long term play - i know, but i couldnt help myself with an 85% return in one day.

:waves:

 

[Sam the Caveman]

Went long eur/usd emini right before the Italian PM Monty meeting with euro officials. Easy money there.

Monty is a technocrat, he knows exactly what to say, after all he is a bankster himself.

You'd have to crazy to be short into something like that or even sit by and do nothing.

 

[SpasticGramps]

Anyone hear the new rumor just released by the FT? Europe is going to supposedly create another bailout fund aside from the already unfundable EFSF! What a joke.

While they're leaders fiddle as Europe burns the Greek bank run is accelerating and has spread to the masses in Greece.

The golden rule of any Ponzi is "those who leave first leave best" those who hang around or are oblivlous to the fraud are left holding the empty bag.

Anxious Greeks Emptying Their Bank Accounts Der Spiegel

Georgios Provopoulos, the governor of the central bank of Greece, is a man of statistics, and they speak a clear language. "In September and October, savings and time deposits fell by a further 13 to 14 billion euros. In the first 10 days of November the decline continued on a large scale," he recently told the economic affairs committee of the Greek parliament.

With disarming honesty, the central banker explained to the lawmakers why the Greek economy isn't managing to recover from a recession that has gone on for three years now: "Our banking system lacks the scope to finance growth."

He means that the outflow of funds from Greek bank accounts has been accelerating rapidly. At the start of 2010, savings and time deposits held by private households in Greece totalled €237.7 billion -- by the end of 2011, they had fallen by €49 billion. Since then, the decline has been gaining momentum. Savings fell by a further €5.4 billion in September and by an estimated €8.5 billion in October -- the biggest monthly outflow of funds since the start of the debt crisis in late 2009.

The raid on bank accounts stems from deep uncertainty in Greek households which culminated in early November during the political turmoil that followed the announcement by then-Prime Minister Georgios Papandreou of a referendum on the second Greek bailout package.

Papandreou withdrew the plan and stepped down following an outcry among other European leaders against the referendum, and a new government was formed on Nov. 11 under former central banker Loukas Papademos. That appears to have slowed the drop in bank savings, at least for the time being.

Bank Withdrawals Worsening Crisis

Nevertheless, the Greeks today only have €170 billion in savings -- almost 30 percent less than at the start of 2010.

The hemorrhaging of bank savings has had a disastrous impact on the economy. Many companies have had to tap into their reserves during the recession because banks have become more reluctant to lend. More Greek families are now living off their savings because they have lost their jobs or have had their salaries or pensions cut.

In August, unemployment reached 18.4 percent. Many Greeks now hoard their savings in their homes because they are worried the banking system may collapse.

Those who can are trying to shift their funds abroad. The Greek central bank estimates that around a fifth of the deposits withdrawn have been moved out of the country. "There is a lot of uncertainty," says Panagiotis Nikoloudis, president of the National Agency for Combating Money Laundering.

The banks are exploiting that insecurity. "They are asking their customers whether they wouldn't rather invest their money in Liechtenstein, Switzerland or Germany."

Nikoloudis has detected a further trend. At first, it was just a few people trying to withdraw large sums of money. Now it's large numbers of people moving small sums. Ypatia K., a 55-year-old bank worker from Athens, can confirm that. "The customers, especially small savers, have recently been withdrawing sums of €3,000, €4,000 or €5,000. That was panic," she said.

Marina S., a 74-year-old widow from Athens, said she has to be extra careful with money these days. "I have no choice but to withdraw money from my savings," she said.

Bad Loans

The shrinking Greek bank deposits compare with bank loans totalling €253 million. Analysts say the share of bad loans could rise to 20 percent next year, or €50 billion, as a result of the recession. This in turn will worsen the already pressing liquidity problems faced by Greek banks.

Nikos B., a doctor in the Greek military, has had enough of the never-ending crisis his country is going through. While the 31-year-old has a secure job, repeated salary cuts have made it increasingly hard for him to make ends meet.

He needs most of his money to make loan repayments for a small car. "How can I clear my account? There's hardly anything in it," he says. He started learning German two months ago and wants to leave Greece. "As soon as possible!"

Nikos pauses and looks down. He quietly utters words that must be painful for a proud Greek. "It would be best to change nationality."

 

[SpasticGramps]

Commerzbank isn't looking too hot. I wonder how that Dexia bailout is coming along?

Berlin May Have to Nationalize Giant Commerzbank Der Spiegel

Europe's banks urgently need fresh capital to meet tougher EU rules, but they will have problems raising it amid the current crisis of confidence plaguing the euro zone. The survival of Commerzbank, Germany's second-largest bank, is at stake, and Berlin is considering a full nationalization of the bank if necessary.

 

[Sam the Caveman]

LMMFAO!!!!!

A minute before the closing bell, they announce "IMF denies rumors of massive euro bailout loan."

Mid afternoon someone said there was a proposal for the IMF to give a massive loan to the euro, then the market rallied, then the last minute it lost all those gains.

Nothing but market manipulation, plain and simple.

 

[SpasticGramps]

So after the much ado about nothing make or break EU Crisis Summit this weekend where everyone held hands, sang kumbya, and announced that the Euro was saved and everything was going to be fine the markets have finally digested all the nonsense.

Everything is selling off again, Italian bonds are blowing up again almost hitting the DEFCON 1 7% threshold. EUR/USD broke to the downside past the key technical 1.33.

Obviously nothing was achieved this past weekend despite all the cheer leading from politicians and MSM. The rumor mill seems to have run dry too. All the lies of China, IMF, and the tooth fairy bailing out the world have been debunked.

The only thing left to do now is PRINT or PERISH. Ironically printing will lead to perish which is why the Germans are refusing to let that happen. It's a lose lose situation.

 

[Tripsick]

The Euro is like trying to flip a coke machine... you got to rock it back and forth before it finally tumbles over...

Funny how 2012 is turning into a self full-fulling prophecy

 

[Yes4Prop215]

what do you guys think about netflix? used to be worth 300 a pop..now down to 70. i think they will rebound if they can learn from their lessons..
http://ir.netflix.com/stockquote.cfm
but think about it, even five years down the road...internet and TVs will be pretty much the same. eventually netflix will have every available show or movie on demand via internet, no more red envelopes and mail bs....thats a huge market.

what do yall think? theres even rumors verizons about to buy it, makes sense to merge it with smartphones...i already have netflix on my xbox and love it, so convenient..

 

[Sam the Caveman]

netflix will still be a good product right up until ISPs start charging for bandwith, then their instant download services' fate will be determined by how much they charge for bandwidth usage.

 

[SpasticGramps]

Netflix Easter Egg? Sale Rumors Swirl Bloomberg

“Netflix will be sold by Easter,” Porter Bibb, managing partner at Mediatech Capital Partners, told Bloomberg News. "I am hearing very serious rumblings from inside Verizon that they are very serious about either Netflix or something similar."
A deal with Verizon would put sorely needed cash in Netflix’s pocket as international expansion is on hold while the company staggers to regain profitability, reeling from a disastrous 2011, which saw a number of mishaps for the video rental/streaming brand.
After hiking subscription rates 60% in July, a customer revolt led to an ill-fated attempt at restructuring their DVD and streaming plans with the planned (then abandoned) launch of Qwikster, which sent nearly one million subscribers into exile; so they un-restructured but still lost close to 800,000 customers.
“With Verizon, [Netflix CEO Reed] Hastings would get a lot broader distribution and global reach,” said a Hollywood insider to the New York Post. “It’s all about global expansion, and they have deep pockets to effectuate that.”
Other potential suitors possibly poised to snatch the cash-challenged but content-rich streaming service include Microsoft, Amazon and Apple. The only one not (apparently) interested is Time Warner, which is promoting a rival in HBO's HBO Go streaming service.
Amazon’s service charges customers a $79 annual fee for free shipping from its e-commerce site; Microsoft already offers access to Netflix's streaming service through its Xbox 360 video game console; and Apple, is widely rumored to be preparing an Internet-enabled TV as early as 2012.
Verizon’s service would stream video over high-speed Internet connections in markets not served by FiOS and reportedly have “more than 3,000 titles at a price of $5 to $10 per month. In contrast, Netflix charges $8 monthly for access to over 30,000 programs.”
If Verizon builds its own service, it may partner with DVD-rental vendor Redbox, available now via in-store kiosks with daily fees of $1.20, and eager to enter the Internet streaming arena as reported by TechCrunch last week.

Sharks are circling this company right now IMO. The CEO made some dumb decisions recently that have crushed this companies cash flow.

Might make for a good pop.

 

[TNTBudSticker]

Netflix may be for sale...I agree it may make for a good pop...Someone maybe wants to wait to see the real cash flow after a bad quarter.This will be a Hugh acquisition.Folks staying at home watching DVD-streaming movies on HDTV that makes pictures pop...Even 2D movies are having a hard time keeping people happy at theaters and going to 3D. Sometimes management on some stock companies are doing a poorly terrible job at what they do.

Surfing for netflix's price from analysts perceptive about what's the company is worth takes a few hours finding it's price range.But then..it's like shooting fish in a barrel before earnings.

 

[Snagglepuss]

Keep this thread going gents...I just got into the game last week with

AFFX
BA
SID
FTR
INTC
VZ
WR

Due to some unexpected events in the next month .Ill also be doing some playing on the field with decent cash flow.I'll be counting on this thread for some pointers ,im new to all this ..But im a good listener,and will have capital....

 

[Yes4Prop215]

the internet streaming arena is going to be HUGE in the future..just imagine years from now. its going to consume everything just watch..

70 bucks a pop seems like a good deal....netflix is such a big player, they made some mistakes this year which crashed the price down to affordability. but its not like they are gonna close their doors and shut down..they will rebound and most likely become the major player in this market.

ive never bought stock before so no idea what to do really...

 

[Yes4Prop215]

netflix stock price went up to 76 after the verizon rumor, now its fallen back down to 71...if it dips below 70 i might buy some its at its lowest price in years..

such a gamble though lol....shit im move nervous about the stock market than putting 5 elbos in the air. this is way more risky!

 

[Sam the Caveman]

shit, you think holding some stock is nerve wracking, try sitting on a few futures contracts for a couple minutes. Its not for the faint at heart, you bout have to be a human robot to do it.

 

[SpasticGramps]

You have to have some massive testicles to trade this market right now. I think Netflix still has some downside potential. I think you'll be able to get it cheaper in the near future. You can buy a little now and then average down when it drops.

Whatever you do don't buy bank stocks. The dead ones are turning up like cockroaches. And there is never just one. Dexia, MF Global, and now........ Germany's biggest bank is failing.

Commerzbank faces bail-out by state Financial Times

The German government has begun preparations for a possible state bail-out of Commerzbank if it fails to present a convincing plan by January 20 to fill a €5.3bn capital gap identified by regulators.

German chancellor Angela Merkel’s cabinet on Wednesday agreed a bill to reinstate a state-backed bank rescue fund next year, a move that could pave the way for state aid to Commerzbank, Germany’s second-largest bank by assets.

Among the measures in the bill are provisions for BaFin, Germany’s financial regulator, to force banks to accept state help if it thinks a bank’s plans to raise capital are insufficient.

Officials in Berlin are privately sceptical that Commerzbank can keep to its pledge to shore up its capital without using more state funds. The bank received more than €18bn of aid during the financial crisis and remains 25 per cent state-owned.

 

[Tripsick]

WASHINGTON (CNNMoney) -- Federal Reserve Board Chairman Ben Bernanke told Republican senators on Capitol Hill on Wednesday that he's concerned about European sovereign debt problems spilling over to the U.S. economy, according to senators.
The Senate Republican caucus invited the Fed chief to brief them on problems in Europe. Sens. Orrin Hatch of Utah and Mike Johanns of Nebraska both said that Bernanke warned that the economic unraveling of Europe would have a negative impact on the U.S. economy.
"He's very concerned," Hatch told CNN. "He did say that if they can't get their things in order, it could affect us. A collapse over there would be detrimental to us."

 

[Tripsick]

New York (CNN) -- The ratings firm Fitch downgraded a cluster of the world's largest banks Thursday, pointing to trading challenges facing international markets.
The banks included Bank of America, Morgan Stanley and Goldman Sachs, as well as Europe's Barclays, Societe Generale and BNP Paribas.
Germany's Deutsche Bank and Switerzland's Credit Suisse were also downgraded.
It was the third major credit rating agency to downgrade global financial institutions since September.

 

[SpasticGramps]

Last time Benocide Bernanke was "very concerned" about something he pooped more than half a trillion dollars.

Anyone trading RIM (blackberry manufacturing) or Research In Collapse more like it. Wow. That stock is getting destroyed. Those CEO's totally screwed the pooch. Down 86% YTD. I think like 10% today.