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Cracking the Whip
Now, more than ever, with the market becoming even more extended, the Fembots are cracking the whip even harder on the 19-year old gamers to quickly rotate money to the stocks and/or groups moving the fastest.
Evidenced by the BHI and RIG warnings this morning, which caused the sturdy 5'10" drill queens to lash the backs of any tattooed kid who was long oil service stocks yesterday. As a result, the OIH was chain-sold in the first 2 hours with a vengeance, and the quick scans revealed epic squeezes occurring in junker financials and assorted other consumer-related garbage.
Here is a sampling of another such Fembot casting a wary eye upon any trader who happens to be long a sector or stock which is not in meltup mode:
Immediately after gulping down 3 cans of Red Bull, the junior gamers ran their stock scans and quickly started piling into the underperforming financials in the midst of a Hell Squeeze:
Happened to glimpse at Fox Business News today and spotted a smoking hot anchorette:
Nicole Petallides....Wow!!!
Anyone want to lay odds on her "shelf life" at FBN?
No doubt, some hedge fund manager with "billions under management", or a HFT specialist at Goldman Sachs is eyeballing this juicy morsel....
Next year, she will no longer be reporting from the NYSE floor. Instead, she will be sunbathing on the deck of an Azimut yacht in the Greek islands...
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Hi-Fi Robots were having a field day with this one.
Over 1.8 billion lotto tickets exchanged.
You can see how they were buying and selling within a 3 cent range most of the day.
Tightly controlled, until Goldman decided to buck off a few of their biggest clients at 3:00pm to inflict horrific intraday losses.
Once they were bucked off, Goldman powerjacked it right into the bell.
C had 600mm shares to buy yesterday by index funds due to pfd stock conversion. S&P 500 reweighting.
SAN FRANCISCO (MarketWatch) - Cisco Systems Inc. (CSCO 22.15, -0.29, -1.29%) late Wednesday reported a fiscal fourth-quarter profit of $1.1 billion, or 19 cents a share, compared with a profit of $2 billion, or 33 cents a share for the year-earlier period. Revenue was $8.5 billion, down from $10.4 billion for the same quarter last year. Adjusted income was 31 cents a share. Analysts had expected the San Jose, Calif.-based networking gear maker to report earnings of 29 cents a share, on revenue of $8.5 billion, according to data from FactSet Reseach.
there must be only one person managing the cnbc dot com site...as soon as csco was released, the headline (still up at 5:15 EDT) says in part, "shares rise"....naturally, your red bull buddies spiked it for the first minute or two, but csco ah has been in the red for about 30 minutes now.
Headlines are preprinted, and I'm starting to think the stories are as well - just filling in the digits. Saw the DHI earnings when they came out and the loss was much worse than estimates. But the headline on Yahoo Finance was how they beat estimates, and the AP story ran it, complete with the real losses exceeding estimates. Stayed like that for quite a long time. Clearly we won't have AP finance reporters posting on ZH, as long as Captcha keeps the negative numbers.
CSCO and PRU both gave crappy guidance after their numbers (it might have even been in the PR, I didn't look). You'd think that if you are going to use AH share reaction to earnings as your headline web story, you might want to have a trigger finger on the edit button.
i thought Chamber's guidance of next quarter revs down ~17% was a tad bearish!
400 million lotto tickets traded after hours on Citibank.
Looks like the Hi-Fi gamers forgot to turn the computers off after the close??
Thanks for all the updates! Updates on the breezies are much appreciated as well
dude you're dating yourself ;)
I'm not that old, brother. 31 with the broken body of a 75 year old. never too old to appreciate the latest teh hawtness posing as responsible journalists
Take a look at the Toronto Stock exchange:
2 minutes after closing, down 23 points, below 11,000. Ten minutes after closing (settlements from bot traders on the alpha platform? TD Securites, the largest block trader, uses Goldman's platform) and up 28 points to keep it over that magic number. A last minute swing of roughly 50 points?
In one of the most insane melt-up days in quite sometime, CNBC spent most of the day talking about back-to-school and the price of pencils, erasers, and purple crayons. Meanwhile, fortunes were made by those that were properly positioned in advance in various names. Trader Joe pulled another 5-figure winner out today. That's roughly 100 of these days for the year....best year in my trading career. Truly epic.
Also, anyone posting as ANONYMOUS (especially those acting like assholes) are douche bags. Hopefully, Tyler D. will change this site to get rid of ANONYMOUS posting.....fingers crossed.
Hats off to you TJ...
I'm having my best month ever, and I'm not really touching the junker plays. Everything consumer and financial-related seems to be floating up on an orgy of buying.
XLF, XLE, OIH cleared the 200-day a few days ago.
Getting ready to rotate out of the consumer and banks and look for the next sector to get Heatmapped. Maybe health care?, maybe oils? Who knows? Just have to keep scanning like those 19-year old kids.
If the RKH and KRE can get over the 200-day, then the market will really take off because all the Robot technical traders will be forced to buy in.
Money will be rotating out of tech tomorrow. Where it goes? I'll watch the groups that sell off the least when the market corrects.
1) Anonymity is not discouraged on this site
2) If "Trader Joe" is not your real life full legal name, then sod off
No one wants to know your real name. No one wants to know anything about you. But if you place any value on the ideas you put forth then sign with a pen name. True the best artists are known by their work and can forgo a signature, but I'd hardly call that pithy comment of yours a masterpiece.
Just a lurker, but if anomynity is good for TD it is good for the commentators. Can't have it both ways.
5 figure winner, chump change, CNBC showed the man that made the mils, 4 of them, in real estate... REIT's, my only winner of the day.... GS... gawd I hate myself...
for all the youngsters that probably don't recognize the first pic, it is Bridget Bardot. Thanks Robo, brought back memories to this old guy.
As always, excellent summary. There are no words for the AIG performance today. Almost went faz at 27, decided to wait to see if they can get the bkx north of 44.
Thank you for your time and efforts on your daily commentary. The addition of photos to your colorful commentary makes it all the better.
Thanks deadhead.
I don't even know who Bridget Bardot is. I just Googled "Fembot"and her picture came up.
LOL...
Robot, to me your picture does not look like the French actrice Brigitte Bardot. On the wikipedia pictures BB is blonde and by now way older.
Poor traders are being abused by the fembots. No time for WOW or Eve at work anymore. Coffee breaks under an hour. Blister on finger from pushing enter in a George Jetson like fashion.
U.S. Index Futures Dow S&P 500 Nasdaq Russell 2000
axp an opportunity for the financial heatmappers tomorrow..maybe we can get the rifin.x to 750
http://www.cnbc.com/id/32302769
AIG? hostile takeover. worth the 3 billion in market cap just to control the rest of the 40 billion in TARP disbursements.
Was it "buttons optional" day at FBN?
La feminina missed a whole mess of them this morning. Only hope she can get it right tomorrow and miss the rest of 'em.
Tune in tomorrow!
If I heard correctly the Paisan noted rumors of a fund blowing up as an explanation for the big squeeze in government owned firms. Anyone have any insights on that theory?
There is a distinct possibility that we enter into a parabolic blow-off in "anything with a pulse" going into the fall.
Many hapless douche fartfolio managers are still under invested.
Meanwhile, idiots like me, are going to rack up MASSIVE gains on the year.
Who else was buying C, F, AIG, BAC, CAL, HUN, YZC, ALU, etc etc etc while they were selling for "a buckster" +/- ??? (Trader Joe was, right at the lows in March)
Funny thing is, equities are only a past time for me as HY debt is my regular stompin' ground. HY this year has been RIDICULOUS....bonds bought at 8, 11, 12, 15, 17 cents on the dollar are now trading at 40, 50, 70 cents or better. INSANE returns on fixed income. Bottom line....expect the unexpected. You can be sure those useless fucking dickwads at CNBC won't.
______________________
One general tip is that anytime you see shit like CIT, HURN, USU getting skullfucked in a dimly-lit alley....you could do stoopider [sic] things than to toss a little long green in their direction. Also, proper use of options can really help to rake it in.
Hey Trader Joe, are you badmouthing Zero Hedge over at Market Oracle, the Mike Whitney piece?
Sounds like you.
I bet Trader Joe is one of those types that was crowing about the fall of Baghdad thus proving the war naysayers "wrong".
You guys rock
I agree with Trader Joe on having a great year but...
Trader Joe, tone down the chest thumping self congratulating...it makes you look like a douche that never had a stitch of pussy in his life and just popped his cherry on a two dollar whore.
Er...that "fembot" is my avatar...
Nonetheless. Shit should sink while gold should float. But we DO live in la-la-land. Nothing is what it seems. I looked at Bloomberg's index quotes to see a sea of red, except in you-know-which two sectors. They Who Must Not Be Named! The coddled, the protected. Oh, those EVIL, EVIL shorters-of-the-too-important-to-be-seen-to-fail...PUNISH THEM. PUNISH THEM!
But I have pretty deep pockets and can remain solvent longer than the government can, or the market can remain irrational. At any rate I probably have a longer lifespan than either the governments or this current market. So we'll wait...
OHB, hello again.
RT,
OT, but do you have a link to a good explanation of EFP's? I am particularly interested in how they are reported to the exchanges, and the impact their ex-pit agreed-to prices have on public exchange pricing, if any.
I thought you had a thing for the b-cup?
I'm sure RoboBot will be happy to see good old FUQI back to #1 in IBD tomorrow.
At least somebody is buying gold jewelry these days.
Do you guys really think this rally is for real? How much longer do you think it will last? I heard that they "underestimated" unemployment by 1 million jobs and they are going to do large revisions. I also saw that 26% of houses are underwater and that number is expected to be close to 50% by 2011 Q1. Do you think the consumer is going to continue to spend if their worried about their jobs and their houses are no longer like an ATM machine?