Tuesday, February 19, 2008

Thanks For Being With Us

MDS Still ON SELL, If not published, it means it did not change. Also, please look to the right(stocksystemstat) MDS status is included there.
Some more about muni,preferred crisis. Do not believe anybody who pretend to know what is going on. Did not you hear already, so many people who "think" they know what goes on in the stock market? How many of them warned you as early as May2007 with a precise target and time for trouble. Nobody... that is how many. I stood alone "ringing the bell" See "sorry to blow your $u$$le article" and see the graph at the end of this page. Well, that is not because I know, but because I do not know. Realising that, I go to markets to 'speak' to me and tell me what maybe going. Prices talk, period. If you follow the "buy when blood runs in the street" philosphy, you will eventually make money. Anything or anybody else is a waste of time!!! All you need a common sense and strategy to buy into depressed assets.


Please see GROUPTATION link, ASSET status. My day starts there, make it yours too.
Dear Readers The National SOPITALIST Casino will soon be closed for today and the Wall Street ( WELFARE STATE ) will go to burbs to count money they screwed ordinary citizens out of. We did not trade today, but some of our SHAKER members( have some of them for a little mix in my account) have done magnificently well (SWC/APWRU/SVR/GENC/CXG) did all great. Muni Bonds have recovered nicely for me as well. Dear John reported small gains and Dear Greenie, should have evened or so with EURO and GBP canceling each other out. GOLD/OIL gained as cyclical time was ripe for GOLD and in these deceptive steps it coud yet get to 1121, my next target(timing is not clear for this target). Dollar declined and interet rates rose, interesting, ha? Do you think somebody is selling US bonds as they have appreciated so much since last summer we recommended them(remember we are no more recommend them, but ask you to let them to mature, as they should be shorter term maturities).

14 comments:

Greenie said...

"Dear Greenie, should have evened or so with EURO and GBP canceling each other out"

Boris, it was net loss. Going to be extra careful next time.

boris said...

Dear Greenie,
From what you have told me GBP/EURO where half invested. So, from what I see you would have very small loss if any.

Yes, I agree , never hurts to be extra careful.

Remember even as it is not brave thing to do. It is easier to hit the guy that is down(GBP) than the guy that is standing up(EURO). Even though if one was to wait few weeks both would have been profitable. It is part of the trading though. Look at the losses MDS was able to take and accumulate fortune.

Good Trading

diesel said...

Hi Boris,

Looks like a lower start today. Any change in the MDS?

Thanks

boris said...

Dear Damien,
i would have reported, for sure.
no, there is no change.

good trading

john said...

Boris,

Good morning

old john

boris said...

Dear John,
Good Morning

Good Trading

Jason said...

USD showing some strength today. AUD and NZD working on some bearish candle stick patterns on the daily charts very close to all time high. Could this be the area to put on low risk sells of these currencies?

Boris,
Do you think GBP/USD will break recent January low of 1.9335 in the next week or so?
In your opinion which currency is weaker, NZD or AUD?

Thanks,
Jason

boris said...

Dear Jason,
I think GBP will break the lows before May, but it may not do it just yet. I expect meandering more than critical immediate breaks. Hard to trade any other way but with the ATTRACTION points fading highs and lows ...

As I indicated, I would prefer to short AUD if it forms the failure candle at 62FIB% retrace 0.91...

Could be wrong, if agricutltural commodities start quickly collpasing. Then NZD could go faster down.

Good Trading

Sharon said...

Dear all

what do you think? 0.3 core- inflation is high enough to strong the dollar and reduce future interest rate cuts?

Sharon

boris said...

Dear Sharon,
You know these numbers are not significant on their own.

But the markets will react as if they are... BOOL...

In any case, for what it is worth, I still think we are still in the meandering range and, while Dollar may strengthen today, I do still think that it will take a hit in coming 3-5 weeks, after which it will be free to go up strong.

As, I oftens say, I do not know what will be. It is hard enought to know what is probable at any given time frame and trade(:-

GOod Trading

mlytle said...

Hi Boris,
I just sent you another article from another interesting source, one that I have also bookmarked, Asia times... The link is: http://www.atimes.com/
atimes/Global_Economy/JB20Dj09.html

Very good reading...called "Wealth destruction gathers pace"

Regards,
Mark L.

cobbense said...

Best synopsis over the municipal bond & CEF (closed end funds) ARS (auction rate securities) crisis:

Tabasco and Variable Rate Munis

http://www.investorsinsight.com/
otb_va_print.aspx?EditionID=654

(you have to register to read it.)

Personally I would not be a buyer of any of these things for now.

But I would not buy any other "fixed income" products either for now, except for GIM (Templeton sovereign bonds fund).

I prefer the oil & gas trusts for inflation-proof income. (PBT, HGT, PWE, etc). Note however that they are definitely not deflation-proof.

boris said...

Dear Mark,
Thanks for keeping our readers well educated. Thanks a lot

GOod Trading

boris said...

Dear Cobbense,
Thanks for your opinions on the subject.

Good Trading