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Cesarnc's market talk, gossips, rumours & fun

  • #2,621
  • Jan 14, 2008 9:44am Jan 14, 2008 9:44am
What can I say, the Big Blue kicked butt in the stock market today.

It's somewhat interesting because IBM has a place in my life. For good and for bad. My father worked for IBM here in Brazil for about 25 years.

If there is one acronym that can take me back to by childhood is "IBM".

Those were the good old days when IBM was sure that the future was in the room-wide computers, almost mocking Bill Gates' "one computer per house" motto.

Finally after 25 years working his ass off for IBM, he was kicked out in a nasty fashion, when this new CEO got in laying off a good bunch of thousand employees around the world.

He's doind fine now working with ISO consulting and all, but those were gray overcast days for my family.

It's good, however, to see that Big Blue got back on track after that huge monster mistake.
  • #2,622
  • Jan 14, 2008 10:03am Jan 14, 2008 10:03am
Cesar,

On that note it was here in Boca Raton that IBM gave birth to the 1st major pc the PS 1. Long left behind by Dell/HP/Apple etc.

My only connection to IBM was some employees were customers of mine years back when I had a retail business (unrelated to tech).

Sun
  • #2,623
  • Jan 14, 2008 10:15am Jan 14, 2008 10:15am
Bears are back, Citi announcement on CNBC, 24 bill write down, and 30k layoffs. Apparently its official now. Let see what happens.
Patience + Humility + Study = Success
  • #2,624
  • Jan 14, 2008 10:17am Jan 14, 2008 10:17am
Although the writedown numbers and layoffs have gotten bigger and bigger - it's kinda old news. The fed meeting at end of the month (or a possible surprise earlier one) hold the key.
  • #2,625
  • Jan 14, 2008 10:19am Jan 14, 2008 10:19am
Quoting SunTrader
Although the writedown numbers and layoffs have gotten bigger and bigger - it's kinda old news. The fed meeting at end of the month (or a possible surprise earlier one) hold the key.
Yep, but the Dow's ticking lower since the announcement.
Patience + Humility + Study = Success
  • #2,626
  • Jan 14, 2008 10:51am Jan 14, 2008 10:51am
Citigroup is +0.6% as of now, maybe already priced in since its shares are smashed since Oct 2007 (CNBC)
  • #2,627
  • Jan 14, 2008 12:22pm Jan 14, 2008 12:22pm
NY knows how to be a pain in the @$$ for the forex market
  • #2,628
  • Jan 14, 2008 12:31pm Jan 14, 2008 12:31pm
Quoting cesarnc
NY knows how to be a pain in the @$$ for the forex market
who you telling?
Patience + Humility + Study = Success
  • #2,629
  • Jan 14, 2008 12:36pm Jan 14, 2008 12:36pm
Quoting cesarnc
NY knows how to be a pain in the @$$ for the forex market
Every market likes to retrace the gains from the previous market. Then before they close they head back up to push the daily candle just a little bit more and to make a few more pips. Just got to hold on to your trade for the whole day/week.
Just Trade It
  • #2,630
  • Jan 14, 2008 12:36pm Jan 14, 2008 12:36pm
Quoting DutchTrader
who you telling?
I'm just bitching around
  • #2,631
  • Jan 14, 2008 1:39pm Jan 14, 2008 1:39pm
This guy brought up a inversed H&S in the Euro daily, I completely missed. Neckline is about 1.49 (with a big whipsaw to fill until last top 1.4967).

Target 1.53
  • #2,632
  • Jan 14, 2008 1:48pm Jan 14, 2008 1:48pm
Quoting cesarnc
This guy brought up a inversed H&S in the Euro daily, I completely missed. Neckline is about 1.49 (with a big whipsaw to fill until last top 1.4967).

Target 1.53
It's there, been long for awhile now may add more if we have a neckline retest.
Just Trade It
  • #2,633
  • Jan 14, 2008 1:51pm Jan 14, 2008 1:51pm
Quoting cesarnc
This guy brought up a inversed H&S in the Euro daily, I completely missed. Neckline is about 1.49 (with a big whipsaw to fill until last top 1.4967).

Target 1.53
Humble Lifetime Member
  • #2,634
  • Jan 14, 2008 1:54pm Jan 14, 2008 1:54pm
Quoting Big Wave Rider
It's there, been long for awhile now may add more if we have a neckline retest.
Me, too. Maybe the US news tomorrow to help us out.
Retail sales and PPI coming just as forecast will add to the big cut cause.

Also there's the UK CPI, that is one BOE's main driver. But I have no calls for this pair.

What we need here is the sweet ride provided by the momentum funds. You never know when they will appear, but you sure know when they pop in. Maybe when (if) this H&S is triggered.

Those MF pop all of a sudden and start buying the crap out of anything that is trending and take it through the roof...
  • #2,635
  • Jan 14, 2008 2:00pm Jan 14, 2008 2:00pm
Jan. 14 (Bloomberg) -- Goldman Sachs Group Inc., the world's largest securities firm, said it bet on declines in the subprime mortgage market for most of 2007, as many of its competitors suffered record losses from the market's collapse.


``During most of 2007 we maintained a net short subprime position with the use of derivatives and therefore stood to benefit from declining prices in the mortgage market,'' Chief Accounting Officer Sarah Smith wrote in an Oct. 30 letter to the Securities and Exchange Commission made public today. The New York-based firm has previously only disclosed that it was short the mortgage market in the third quarter.

  • #2,636
  • Jan 14, 2008 2:18pm Jan 14, 2008 2:18pm
Quoting cesarnc
NY knows how to be a pain in the @$$ for the forex market
And you know it.....

I just decided to stay away, European open and close is good for me.....

HOLLA
  • #2,637
  • Jan 14, 2008 2:22pm Jan 14, 2008 2:22pm
Quoting Turtle
And you know it.....

I just decided to stay away, European open and close is good for me.....

HOLLA
You know it brother! We can be a pain to each other, forget about rest of the world!

I look at it this way, Wall Street's pain is my gain.
Humble Lifetime Member
  • #2,638
  • Jan 14, 2008 2:31pm Jan 14, 2008 2:31pm
Quoting Turtle
And you know it.....

I just decided to stay away, European open and close is good for me.....

HOLLA
I took the time to grab my $50 poker bonus back. 3 hours until finally I got a killer hand + 1 monster WHALE (it wasn't a fish that lady).

Blew away her stak so badly that she's not seeing colors for a week. Just black&white and gray tones
  • #2,639
  • Jan 14, 2008 2:33pm Jan 14, 2008 2:33pm
Quoting cesarnc
I took the time to grab my $50 poker bonus back. 3 hours until finally I got a killer hand + 1 monster WHALE (it wasn't a fish that lady).

Blew away her stak so badly that she's not seeing colors for a week. Just black&white and gray tones
She is still cursing you out as we speak.......

HOLLA
  • #2,640
  • Jan 14, 2008 2:34pm Jan 14, 2008 2:34pm
Quoting Turtle
She is still cursing you out as we speak.......

HOLLA
I have no idea. As soon as I stabbed here, I vanished never looking back. I'm done for the day
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