Thursday, September 18, 2008

Closed ESZ8 and puts at 1171.5

They are talking about a plan by Bazooka, better watch

10 comments by xTrenders :

bob said...

I don't see the chat box anywhere on xtrends. Am I missing it?

PCP said...

Insane volatility. I think the market sniffs this out as BS and goes back to dumping.

bubb said...

Damn, 3rd time this week that gasparino has stopped me out :)

PCP said...

That's his job bubb. Once a shill, always a shill.

PCP said...

Here are the relevant quotes from Schumer:

"Schumer proposed an agency to inject funds into financial companies in exchange for equity stakes and pledges to rewrite mortgages to make them more affordable."

Fed Functions

``There is some preliminary discussions about how to sort of encapsulate and separate the two -- both to keep focus on monetary policy by the main Fed leaders, but also to prevent any conflicts of interest,'' Schumer said.

Schumer proposed a solution using the Great Depression-era Reconstruction Finance Corp. as a model.

Hillary wants a modern day Home Owners Loan Corp.

Like I said, the same old, same old. But more of it. These guys are as predictable as they are clueless.

Anonymous said...

sol, is atilla still expecting a drop into the close?

admin said...

no he covered at 1170 ... he says this will not last long

he expects a top tomorrow then sell off after quad expiration

IC said...

I am sure Bernanke looks at the same charts, and knows the positions of the big players like Atilla; his strategy is designed to screw you guys for maximal market impact.

AJ said...

looks like Attilla nailed it, great call on the bottom

pennybandit said...

Thanks Atilla, I have been following you and just wanted to say thanks for sharing. God bless!