Monday, September 08, 2008

attraction points(Apoints)

1253 1244 1229 1210 spx 1293 1302 1318 1336
10:40 ET, Dear Readers, since it is hard or closer to impossible to have the markets gain 4%+ a day, the morning's surge was sold by myself. I was a bit long from last Friday and it was nice to take 5% in DVY for 48 hours work/watch. We stated what we think. Unless market shoots above 1306 and 1333 on spx bases now we are bearishly oriented and will stay this way. If miracles happen and we do get 5% day today, we shall think(:-

19 comments:

Blaine said...

Boris,

With the Q's in the red, this excitement will be short-lived. Can someone remind me again why throwing taxpayer money away on 2 garbage institutions is a good thing? Every gov't intervention since last August has failed. This one is no different.

What happens when WM is closed this weekend? What happens when house prices go another 25% down? This bailout will fail.

Respectfully,
Blaine

boris said...

Dear Blaine,
Now you are talking(:_
Old Blaine we knew is back(:-

Actually, Dear Blaine, I am not smart about why and what government does. I know it does nothing for me , that is for sure. So, I am going to refreain from commenting if the bailout will work or not, but take it as a fact and from there.

As far as the market. I agree, this looks like a out of place rally, manufactured by the bailout being sold as a good thing by CNBC.

In any case, we have our criteria, to buy sell or bud out and stick to it.

Thanks Dear Blaine
and Good Trading to you

אנטי-סופיטליסט said...

Dear Boris,
Good morning.
We have discussed the possibility of an initial low in the Euro occurring as early as today.
We're not too far away from some apoints and I am considering a small long when we get there.
Any thoughts would be greatly appreciated.
Good trading.

Bert

אנטי-סופיטליסט said...

Dear Boris/Blaine,
Front page headlines read that Fed bails out Fannie and Freddie.
In a small paragraph hidden in the back pages(obituary)the social security unfunded liability reads $7 trillion.
On Friday 1 share of Freddie Mac
bought 2 Big Macs. Today 1 Big Mac
buys 2 shares of Freddie Mac.

What a disgrace.They are bailing out our ship with a teacup as we
swerve to avoid the icebergs ahead.
Good trading to all.
Klaatu

sharon said...

Dear Boris

I think the reason you call it right again and again is that you are not disturb by manipulated econimic news. looking on dollar and oil reminding me your approach that market has its own course, all other is just BS.

Sharon

sharon said...

-

Greenie said...

Good call once again, Dear Boris. I went short premarket.

boris said...

Dear Greenie,
Thanks a lot
Congrats

boris said...

Dear Klaatu,
As always genglemen and man of character.

I wish we had a lot like you

GOod Trading

boris said...

Dear Sharon,
I try my best.
Yes, put th head down and think
what the market is saying to you.

Do not watch the news.

Good Trading

boris said...

Dear Bert,
I think the early date is possible and small / very small portion I will go with, but later dates loom big so, I can not justify jumping into pool all the way here at all.

Better to be a bit late than sorry?

Good Trading

אנטי-סופיטליסט said...

Dear Boris,
Absolutely!
Better late than sorry AND rule 2 applies if it does turn here!:)
Thanks a lot good fellow.

Bert

boris said...

Dear BErt,
Price wise, we are definitely hitting the areas of support for EURO and SWISSY,

It is the timing of all of this that is concerning me in my response.

Good Trding Dear BErt,

Wanderer said...

Dear Boris,
Thanks. That was clear from your comments and the Apoints.
Given the current volatility and the possibility that we are still a few days away from CITs, PRUDENCE seems to be in order.
Good trading to you.

Bert

אנטי-סופיטליסט said...

Dear Boris,
Looking forward to watching the MDS and pressure charts as they delve into the inner workings of these volatile sessions.

Good trading to all,
Klaatu

D said...

There must have been some people short over the weekend...it was a pretty quite day at Anti-Sopitalist.

D said...

"quiet"

boris said...

Dear D,
If that was the case, upon my thinking then they are still profitable.

If people were short reckless on their own, well, I can only speak my mind.

In fact, I have myself pocketed the long trade gains yesterday , quick 5%.

Other can speak for themselves.

Thanks My Dear Friend.

Good Trading

boris said...

Dear Klaatu,
We have been kept in the right direction for all this time and I hope that we will continue to do so.

Thanks for your support
GOod Trading