Do you remember the scene in the trading pit where Hamilton (Eddy Murphy) is asking Winthrop (Dan Akroyd) if its time to sell and he keeps saying "not yet, not yet, not yet, NOW!!!!"? Is it paranoid of me to believe that's what is happening across the GS, JPM, and every other prop desk out there? Oh well I just hope this ends with them screaming "turn those machines back on" like the Duke brothers were at the end of trading places.
HOV vs HOVNP has been hanging in there nicely, TOL brother CEO was advocating for some sort of cash for clunkers program for housing...uhhh how would that work exactly?
MPGpA had a new closing high for as far back as I can remember, $3.75 exactly 15% of par - I believe there is still room to run on this one.
After the close we learn that Paulson & Co, has purchased 168 million shares of BAC in the 2nd qtr, making him the 4th largest holder - stock ripping afterhours so, in afterhours trading hes up$97 million - not to shabby. I guess that means its 13F time where we learn what the titans on the street have been buying and selling. That makes for some good weekend reading.
Im in for three new issues tonight and remain short the market - Im a stubborn bastard.
Have a great night - the wife just called says she has a flat tire - luckily the car is in front of the house so I know what my first activity is when I get home.
JB
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment