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

[SpasticGramps]

Greek police union wants to arrest EU/IMF officials Reuters

Feb 10 (Reuters) - Greece's largest police union has threatened to issue arrest warrants for officials from the country's European Union and International Monetary Fund lenders for demanding deeply unpopular austerity measures.

In a letter obtained by Reuters on Friday, the Federation of Greek Police accused the officials of "...blackmail, covertly abolishing or eroding democracy and national sovereignty" and said one target of its warrants would be the IMF's top official for Greece, Poul Thomsen.

The threat is largely symbolic since legal experts say a judge must first authorize such warrants, but it shows the depth of anger against foreign lenders who have demanded drastic wage and pension cuts in exchange for funds to keep Greece afloat.

"Since you are continuing this destructive policy, we warn you that you cannot make us fight against our brothers. We refuse to stand against our parents, our brothers, our children or any citizen who protests and demands a change of policy," said the union, which represents more than two-thirds of Greek policemen.

"We warn you that as legal representatives of Greek policemen, we will issue arrest warrants for a series of legal violations ... such as blackmail, covertly abolishing or eroding democracy and national sovereignty."

The letter was also addressed to the European Central Bank's mission chief in Greece, Klaus Masuch, and the former European Commission chief inspector for Greece, Servaas Deroose.

Policemen have borne the brunt of the anger of massed protesters who frequently march to parliament and clash with police in riot gear. Chants of "Cops, pigs, murderers!" are regularly hurled at policemen or scribbled on walls.

Thousands turned out on Friday for the latest protest in Athens, this time against new austerity measures that include a 22 percent cut in the minimum wage.

A police union official said the threat to 'refuse to stand against' fellow Greeks was a symbolic expression of solidarity and did not mean police would halt their efforts to stop protests getting out of hand.

Getting kind of ugly.

 

[Nondual]

This all has to be wrapped up and signed on March 20 or Greece will miss payment and hard default.

Bloomberg is saying if they don't get the deal done this weekend Greece will default on March 20.

Well seems they actually have until March 20. It's not over until the fat lady sings but maybe I'm deaf lol.

I talked to a local friend who's been only trading gold, silver and oil stocks for 20 years. He's also been buying precious metals over that time. He doesn't make much at work but is a millionaire, still keeps his day job and drives a truck that always looks like it's ready to fall apart while he's driving. He said it makes more sense for Greece to default and leave the EU and that's what he's expecting. He's also expecting PM's to take a dump within the next year or so and he'll be a heavy buyer. He mentioned rising interest rates in the US as the factor in this dump. I thought the Fed recently came out and said they were gonna keep rates stable at least through 2013. Maybe they actually they said they will keep rates low which would mean some hikes.

Anyway this is all fun stuff!

 

[Quiet_Riot]

You guys watching these huge earnings pops? MA & Visa , CME, CAT CMI GMCR FFIV .....all the usual suspects but the big surprise was WHR (whirlpool)

big money launders.. like sony, GE and so on

 

[SpasticGramps]

I thought the Fed recently came out and said they were gonna keep rates stable at least through 2013. Maybe they actually they said they will keep rates low which would mean some hikes.

Anyway this is all fun stuff!

2013 was last year's FED statement. Now it's 2014. And later it will be 2015 then 2016 and so on and on. The FED will never raise interest rates again IMO. They are in a liquidity trap.

Bond yields will go up when everyone starts dumping our bonds. This will cause the big dump in PM's and everything else. I'll be a heavy buyer of PM's when this happens to.

The US is the last safe haven even though we aren't safe at all. When the default contagion reaches US be it years or months then things will get kind of shitty.

Greece needs to leave the EU and default. They will do so. To try and keep the EU together would incite war IMO.

There are no good solutions here. Eventually all the developed worlds will have to face the fact they are insolvent.

 

[Nondual]

2013 was last year's FED statement. Now it's 2014. And later it will be 2015 then 2016 and so on and on. The FED will never raise interest rates again IMO. They are in a liquidity trap.

Bond yields will go up when everyone starts dumping our bonds. This will cause the big dump in PM's and everything else. I'll be a heavy buyer of PM's when this happens to.

The US is the last safe haven even though we aren't safe at all. When the default contagion reaches US be it years or months then things will get kind of shitty.

Greece needs to leave the EU and default. They will do so. To try and keep the EU together would incite war IMO.

There are no good solutions here. Eventually all the developed worlds will have to face the fact they are insolvent.

Well I generally agree with all that. Time to make hay while you can!

 

[yesum]

Well seems they actually have until March 20. It's not over until the fat lady sings but maybe I'm deaf lol.

I talked to a local friend who's been only trading gold, silver and oil stocks for 20 years. He's also been buying precious metals over that time. He doesn't make much at work but is a millionaire, still keeps his day job and drives a truck that always looks like it's ready to fall apart while he's driving. He said it makes more sense for Greece to default and leave the EU and that's what he's expecting. He's also expecting PM's to take a dump within the next year or so and he'll be a heavy buyer. He mentioned rising interest rates in the US as the factor in this dump. I thought the Fed recently came out and said they were gonna keep rates stable at least through 2013. Maybe they actually they said they will keep rates low which would mean some hikes.

Anyway this is all fun stuff!

He expects this drop in metals 2013 or later then? I got into GLD here lately in hopes of a another good year as a number of large institutions were saying they thought this would be a 30% up year for gold.

Leaving my money in a money market I am taking a loss from inflation. Any other options anyone can think of?

 

[SpasticGramps]

Trade GLD and dump the profits into physical gold.

I would expect a sharp drop in everything except Treasuries and the USD when Greece eventually defaults.

That's when I BUY! BUY! BUY!

Buy when there is blood in the streets.

 

[Nondual]

He expects this drop in metals 2013 or later then?

He said within 3 years.

 

[Madrus Rose]

Anyone holding AAPL Feb 500 Calls bought at .35 2 weeks ago for $1000, would be worth about $20k+ today at open

Big pops for GMCR CME ICE BWLD MA V & LNKD ...losers TRLG NUAN DMND IRBT
but DMND was good for dead cat bounce from $21 to $25 ...

Facebook momo & AAPL iPad III release help kiting the market up , more to do still with select US companies still generating huge revs , some rebound in homebuilders (toppy now) auto sales OK and some employment bounce (questionable ) .

Greece & Euro still big "?"

but look at the bounce for $DB off $33...choppy& toppy in here with well timed trades AAPL tagging $500 here early almost see what it does today ...short scalps will work too.

 

[SpasticGramps]

That move at the end of the day was something else. Looks like the market is back to trading the Greek rumor mill again.

EU divisions threaten aid for Greece

Eurozone officials have called off an emergency meeting of finance ministers to approve a vital €130bn bail-out for Athens amid a growing fight among the country’s European creditors about the merits of allowing Greece to go bankrupt.

Jean-Claude Juncker, the Luxembourg prime minister who chairs the eurogroup, said the delay in Wednesday’s scheduled meeting had been prompted by the continued failure of Greece’s political leaders to commit to the bail-out’s tough terms after April elections.

But senior European officials said Tuesday’s meeting of the “euro working group” – senior officials from eurozone finance ministries – was also coloured by a widening split over whether Athens should be trusted with a second bail-out.

The delay heightens the risk Greece will be forced into a full-scale default next month when a €14.5bn bond is due for repayment. It also highlighted deepening divisions among eurozone governments about the consequences of such an outcome.

Olli Rehn, the European Commission’s top economics official, warned there would be “devastating consequences” if Greece defaulted, and pleaded for eurozone governments to approve the bail-out quickly. Officials said Mr Rehn has support from the European Central Bank and the French government.

But a group of eurozone governments, particularly those that retain triple-A credit ratings, has lost faith Greece will ever deliver its end of the bargain. Hardline officials in Germany, the Netherlands and Finland are increasingly urging a Greek default.

“We are getting closer to default,” said a senior eurozone official. “Germany, Finland and the Netherlands are losing patience.”

Finance ministers will hold a conference call on Wednesday and reconvene at a scheduled meeting on Monday.

One key reason for the increasing boldness in northern Europe is a growing belief the EU can contain the blowback from a disorderly default, having built up the eurozone’s financial “firewalls” against contagion. Some officials also believe financial markets have priced in a default, meaning any adverse reaction will be limited.

"It's all priced in."

 

[Sam the Caveman]

That move at the end of the day was something else. Looks like the market is back to trading the Greek rumor mill again.

Yeah, that move up was a real surprise. I was down 300 in a long position, and when I went and checked on it after the close, it had hit my exit target and went way past it. Total reversal.

And even right now there has been another after market jump up. The NQ jumped about 12 points.

 

[Madrus Rose]

Also the Chinese Central Bank news came in later friday , cutting 50bp adding liquidity , BIDU gapped & tanked once again not surpassing the $150 top ceiling anyone catching that pop to $148+ a/h thursday got rewarded. GM dipped to $24 on tuesday but what a rebound that was up to $26 by just the market open and now back up to $27's again .

Italian bond crisis was really also the greatest concern , Greece they can just take the hit but Italy is/was the real concern .

Now you have all these majors plateauing like JPM WFC IBM BA LMT V CAT MA XOM COP after 20-35% rises topping & pulling back that could go higher even still but will be wall of worry from here especially with Oil getting back up to record highs and Iran strike imminent . The homebuilders see reports from TOL this week tried shorts on these earlier in the week which ws good for one scalp , they so look so toppy here but very resilient ,

So well timed short scalps working & longs working just be nimble & be quick

(whats up with IC , it only takes secs to load now when before 2mins for each post )

 

[Nondual]

KOG recovering nicely and has built a nice little consolidation to pop out of. Been watching USO and will be interesting to see what happens as things develop in Iran. SLV with a nice, tight, orderly pullback to about $32 which is a key level.

 

[SpasticGramps]

WTI is @ ~105. The O&G business is going nuts. Everyone is moving their rigs from NG fields to oil. This has been slowly happening for the past couple of years, but over the past couple of months it's really accelerated. Ever since NG hit 2.30 and Chesapeake cut their exploration budget things have been fluid.

Gasoline is hitting $4 in Cali so I hear. Record high's for this time of year. Going to interesting to see how high it goes into summer, especially with all the geopolitical risk in the Middle East.

 

[Nondual]

I mentioned RAX not too long ago. Something I was watching and missed. Well I checked the chart again and shoulda, coulda, woulda...oh well. While maybe not as good as AAPL's move that Madrus pointed out even a conservation Call option play would have rocked big time especially since the premium would have been low due to the very low volatility before it popped. Could have easily been a 10 bagger over about 2 weeks with the right strike price.

 

[Nondual]

Both KOG and SLV made their turns and advancing like I thought they would. Pretty sure I made those calls 24-48 hours before they did. Had my eye on USO about a week ago and think that's a good buy on any pullback here. I think RIC is primed for a move and putting my money where my mouth is...we'll see! I like the way it's finding support at it's uptrending 20MA and seems ready to come of that months long consolidation period. It feels like the 'pressure' is building. Silver is back in a solid uptrend.

 

[Zen Master]

I was wondering about some silver now. Wheres the next resistance if it does want to go? 40ish?

 

[whodare]

50ish/oz is the historical peak i believe we got close a few months ago, and if/when QE3 happens i expect it to finally break the historical record then all bets are off i can see it getting to 100/oz in the next year or two..

 

[Nondual]

I was wondering about some silver now. Wheres the next resistance if it does want to go? 40ish?

Silver is a bit overbought and extended right now IMO and I'd expect a pullback right about here.

 

[Stoner4Life]

short term or long, buy petrol stocks. take 10K and spread it among the top 4 performers, my guess is that the dividends will be equal to free tank(s) of gas while your initial investment is kept safe and sound by all the republican shareholders you're now in bed with, damn, break out the full body condoms.......

5 yr plan?
Buy 5k in McDonald's, the only ones losing in the burger wars are the patrons being sped to an early grave, my guess is that McD's keeps its dominance in the fast food market.

5 Guys Burgers & Fries has yet to go public, if and when they do that might be worth a look for the IPO, if you have yet to eat @ one try to go. Just like the old Fuddruckers experience @ 5 Guys you'll see your burger go from a round ball of fresh ground beef to becoming a burger on the grill only once you've ordered it, a bunch of free toppings (w/up-charge for cheese and bacon only) again just like Fuddruckers (sorry, I just like saying the name) had at their fixings bar.

They serve free peanuts while you wait & fresh cut french fries cooked in peanut oil making them taste out of this world, and when you get your bag of burgers & fries they add another whole scoop of fries into the bag so you're not fishing around for just a few loose ones.