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AIG Goes Suborbital
The ravenous algo has just sniffed out AIG. Because now that the firm has no relevant core assets to sell, it surely merits a 10% spike in several minutes. Or is there merely a rumor that there is a rumor. Hopefully the government isn't back to its old trick of rolling buy-ins in financial firms. All's fair in love and getting the market higher, higher, higher.
Update: 15% up now
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WOW.....BASTARDS.
the twins are on fire too. dont forget them, even though they have stated they are insolvent, they arent actually because the algos say so!
the fed and the propaganda machine are out of their minds on meth.
Back in the 60's and 70's, we would howl in delight when the local connection would turn us on to the "good stuff". Looks like every one's getting cut in on the good stuff now.
Party hearty boys. The hangover's gonna be a real bitch.
Uh....... Pump and Dump? Light up those heat maps!
"they must of found some more "bonds" buried area in the basement."
Wow, cool. So did we break even on AIG now?
Algo generated squeeze?
So half of the days volume clears in 30 minutes?
You have to wonder who is using that to distribute.
Hopefully the government isn't back to its old trick of rolling buy-ins in financial firms.
TD...am i to take it by your statement that you actually think they ever stopped in the first place?
summer of 2009 v.2.0
C up 7%
AIG up 17%
FNM up 10%
FRE up 14%
And the important thing is?
As to C: Speculations on Barclays wanting to buy a retailer bank in the US. I would say some regional bank(s). Why wanting a bloated C if you really want the office network and already have international presence?
Like the rest of the franchise, Citi's branch network is a next-to-worthless piece of shit. They are 4th, 5th banana (or worse) in every major MSA outside of NYC Metro. No market share, no scale.
Plus, can you imagine Citi with a 100% wholesale funding model? Laughable.
Indicative of this and recent rallies, right. Small Cap and High Risk Tech. I'd infinitely worry though, should SPX and DJII breakout from 12 month highs. Feels like it's setting to do just that. Kindof off topic but not really since we're talking about AIG and TWins.
Don't tell it where Sarah Connor is.
lol nice!
From the dark future Skynet sent back a trading computer to destroy the market the planet, deciding a that nukes were too messy.
"too messy."
.......and too expensive.
She is safe with me. We are preparing a counterattack soon.
My best to your mom. She has awesome arms. And great biceps and triceps too! :-)
no mysterious algo, no charlie gasparino rumour, not even some childishly simple VWAP reversion ... just some basic trendlines from the 5-minute up through the weekly.
screaming rather plainly were daily candlesticks, hourly segmented rate of change, volume leg ratios, etc. etc.
55-min bars, Fibo EMAs n candlestick with trend, ought be simple enough. 55-min real candlestick bodies are plain as day.
Fine and good but what about he series of Doji's on the SPU's and XLF last 7-8 days?? What the Frek??
"
screaming rather plainly were daily candlesticks, hourly segmented rate of change, volume leg ratios, etc. etc.
55-min bars, Fibo EMAs n candlestick with trend, ought be simple enough. 55-min real candlestick bodies are plain as day."
Blah blah blah blah blah. This sort of gibberish will only work until it doesn't.
+1. It's just casino gambling.
No chart in the world can make that pig into a business.
No. There is a difference between gambling and speculation.
And that is why you fail.
Solid and comprehensive technical analysis on multiple timescales can dramatically increase the odds in your favor, and algorithms that combine multiple forms of technical analysis in a way that allows them to cancel out one another's weaknesses are even better.
Yes, of course "sometimes it doesn't." With the stock market, that's true whether you use technical analysis, fundamentals, algorithms, or anything else. I'll happily stick with my algos that do a very good job of reducing the "sometimes it doesn't" to the lowest possible level.
they have to find something to bump uf the market, so the easiest way is via a short squeeze. plain and simple.
They are looking for Kyle Reese currently.
This just sums up the market is all bullSh*t, C and AIG both up on what fundamentals??? Have IQ's dropped dramatically since I have been gone (Ripley from Aliens) or did AIG not just sell all of their core assests leaving behind a shell of its former self worth a lot less.
SELL, SELL before it is too late....
Heh, looks like the flatbillers have returned....
ahhhh, ok. thx robo.
I digs her wholesomness !!
It all looks perfectly normal to me, except the girl, who is exceptionally abnormal.
Robo has used her before, he's getting lazy!
Why are companies on taxpayer life support allowed to be
publicly traded anyway? Quite frankly, it pisses me off
that they still are publicly traded...
return of the shity bank skank...
"Buy, BUY, BUYYYYYYY!!!! AIGGGGGGG"
http://74.125.155.132/search?q=cache:F5FSS7r5VmYJ:online.wsj.com/article...
Ick... need a shower after those ones....
I feel good knowing that all the money we have all paid to bail out the various banks and other entities is going to a good and mature use, like the charts above indicate. This is a market of which Americans justiably can be bursting with pride, kind of like how I felt after Neil Armstrong's first step. In and of itself this also shows how beneficial to society at large ZIRP is, and speaks volumes of why we must continue it.
Heck of a job, Ben and Timmy. You, too, Barack. Where's my flag lapel pin?
Rumors floating that government will ban short sales of cos where they own a large stake. C, AIG, FRE, FNM all on turbo as a result.
where are the buying curbs for stocks that go up more than 10%?
or perhaps the government will now mandate that co's in which they own a large stake MUST go up 10% a day?
can hardly wait fot the gm ipo
I am pretty sure that even in this country you can't only ban short selling in govt owned entities...but maybe we've really turned a new corner
lol! AIG has $107bn of debt so that $15bn Alico sale is absolutely a drop in the ocean. CDS is basically unch today (10bps tighter). Oh yeah and AIG has $728bn of Insurance and Contractual Liabilities (not all negative but even at a 90% recovery that is ugly numbers...gotta love the equity market...
It's obvious to me that Blackrock was instructed to use one of their island hedgies to ramp er up so the Treasury could unload their holdings. Plain old pump and dump.
An unverified rumor suggests a short selling restriction is coming in gov owned financials (http://www.benzinga.com/movers/165322/freddie-mac-and-fannie-mae-fnm-fre...)
If that were true, the observed dynamics in AIG, FRE, FNM, C would be explained by a short squeeze. Note that BAC, GS, XLF are not shooting up with similar voracity, which would seem to confirm impending gov action related to these names.
thank you sir, may I have another....lol
This is un-FREKIN-real!!! &#%#@*!
I guess AIG finally bought something that will make them a lot of money like cramer's psychic predicted. I wonder what it is. Maybe Congress?
Rumor ... can't short government stocks ... seems a tad unfair
It was JP Morgan... raping the shorts.
"It has also been reported by Adam Johnson on Bloomberg television that J.P. Morgan, a major broker dealer, stopped lending shares in AIG and Citi today "on rumours that the US government might ban short selling in stocks in which it has a financial interest." This squeezed the shorts and helped give an artificial boost to financial stocks over all. The company has since stopped this arbitrary ban on short selling and stocks are falling off their highs."
http://jessescrossroadscafe.blogspot.com/2010/03/us-equities-starting-to-show-signs-of.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+JessesCafeAmericain+%28Jesse%27s+Caf%C3%A9+Am%C3%A9ricain%29&utm_content=Google+Reader
MEET TED GAUSS: http://toonlet.com/archive?m=s&i=41433
Artwork is nice. The text just isn't funny. There is nothing surprising nor ironic, just a bunch of stereotypes.
Sorry.
That is the funniest chart I've ever seen. Way to go Algo!
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