Comments on: Bloomberg Radio 3:00 – 3:30

By: AmenRa

AmenRa — Sat, 09 May 2009 03:04:34 +0000

Here's a good read. "Green shoots or rose colored glasses" by David Rosenberg over at ZH: http://zerohedge.blogspot.com/2009/05/green-shoots-or-rose-colored-glasses.html

By: call me ahab

call me ahab — Sat, 09 May 2009 02:26:30 +0000

Ace and Gary-

no kidding- quite the payoff- if any company deserved to go down- it was Citi- the USG- I guess- will hold up that corpse for years to come-

keep it ambiguous

By: Stillaway

Stillaway — Sat, 09 May 2009 01:57:50 +0000

call me-

The lottery ticket world IS clueless. In this world going to .0161 and then $4 is an even bigger payoff.

“say hi” — you mean Ace don’t you?

By: call me ahab

call me ahab — Sat, 09 May 2009 01:35:45 +0000

Steve-

sometimes my fingers are typing before my mind catches up- yes overbought- weird on GM though-

Stillaway-

I see the 4 to 1 on C- but- still- Citibank never said they were going to issue massive shares then do a reverse at 100 to 1 diluting the current shareholders to less then 1 cent a share-

that is what’s known as clue in the detective world- also- say hi to LB for me

By: Stillaway

Stillaway — Sat, 09 May 2009 00:57:51 +0000

@ ahab re GM stock.

Who wants it? People who also buy lottery tickets. Buying C at a $1 two months ago has paid off 4:1.

By: Steve Barry

Steve Barry — Sat, 09 May 2009 00:43:39 +0000

@CMA

you mean tech is overbought I hope.

As for GM, I wondered that myself…I hope it is just market stupidity, as that is how I intend to make money.

By: call me ahab

call me ahab — Sat, 09 May 2009 00:35:15 +0000

Steve-

I did see the QID went up- thought it odd with the rest of the market in rally mode- I think tech in general is oversold

question though- do you find it odd that GM stock is at a 1.61 when GM itself said it was going to wipe out the shareholders- seems to me everyone would be running for the exit-

can’t figure it out

By: Steve Barry

Steve Barry — Sat, 09 May 2009 00:00:41 +0000

Some green shoots for the QID crowd…QQQQ volume finally picked up…3 days of strong volume in a row for the first time since November. And nice divergence…with the Dow up 165 points in 4 days, QID was UP 1.6. NDX Bulls is off the charts at 86%…can’t get much higher.

By: usphoenix

usphoenix — Fri, 08 May 2009 23:48:00 +0000

@Leftback: Thanks for the link on CA RE. Powerful stuff. The charts really spell out how we’re just now starting to dip our toes in the real sh*t.

By: Onlooker from Troy

Onlooker from Troy — Fri, 08 May 2009 22:54:20 +0000

@AmenRa

Re: Bove No kidding. My thoughts exactly. I mean really, the SEC should look into these analysts that just seem to be constant cheerleaders for their sector of “expertise.” And I’m probably being naive’ here, it’s probably gone on for decades, but why do these useless analysts not completely lose their credibility and get run out of the business?

I know, I know. But it’s nice to dream.