Hey, it looks like we've avoided .14 ...
Printable View
Hey, it looks like we've avoided .14 ...
Prediction: SIRI will be standing tall when autumn leaves begin to fall....
http://farm4.static.flickr.com/3122/...de724d.jpg?v=0
bid/ask spread is widening on some trades. 1521-1549
Something's breaking - I just saw a 5 cent jump in just a few minutes!
I didn't watch the video yet but it's apparently several years old where Cramer talks about illegal activity while he was a hedge fund manager. I always thought all those people who bitched about the stock market being fixed were paranoid, now I'm one of them!
http://www.huffingtonpost.com/2009/0..._n_173824.html
In light of the current economic crisis, and with the hullabaloo ignited recently by Jon Stewart over the accuracy of CNBC's reporting, we thought it might be useful to revisit this shocking 2006 interview Jim Cramer gave to TheStreet.com's Aaron Task.
In it, the host of Mad Money says he regularly manipulated the market when he ran his hedge fund. He calls it "a fun game, and it's a lucrative game." He suggests all hedge fund managers do the same. "No one else in the world would ever admit that, but I could care. I am not going to say it on TV," he quips in the video.
He also calls Wall Street Journal reporters "bozos" and says behaving illegally is okay because the SEC doesn't understand it anyway.
Here are some gems:
-On manipulating the market: "A lot of times when I was short at my hedge fund, and I was positioned short, meaning I needed it down, I would create a level of activity before hand that could drive the futures,"
-On falsely creating the impression a stock is down (what he calls "fomenting"): "You can't foment. That's a violation... But you do it anyway because the SEC doesn't understand it." He adds, "When you have six days and your company may be in doubt because you are down, I think it is really important to foment."
-On the truth: "What's important when you are in that hedge fund mode is to not be doing anything that is remotely truthful, because the truth is so against your view - it is important to create a new truth to develop a fiction," Cramer advises. "You can't take any chances."
Special thanks to our tipster Henry Chukuka! Keep those tips coming team!
For more on Jim Cramer and shorting stocks, click this.
Quote:
Originally Posted by FoolNHisMoney
I think you mean a .005 jump
nice upswing..c'mon .16 close today...we deserve it!!!
volume has died down. 66% of todays volume occured in 1st hour and half of that was first 5 minutes after open.
Almost 2 million shares stacked up at $.16... Strong push to EOD?
Would be nice!
True, I meant 0.5 cent jump. Sad that we get excited over a half-penny jump!Quote:
Originally Posted by mogami
So Dodd is getting on board with reinstating the up-tick rule.
We’ll, let’s see now. Remove the up-tick rule at the beginning of what is certain to be a sustained market decline so big money can easily make billions by betting against companies. Short the market to pieces and when it looks like we are nearing a bottom……”Oh I have a great idea. Let’s reinstate the rule. That should help the Markets”. Do you think it’s a coincidence that they are talking about “talking about it” a month from now? Time for big money buddies to cover. Why do I feel like there is another substantial market pull back coming? Financials have to be the most heavily shorted sector.
Here we go.
BAC was up to 5.50. Splash of up-tick news all over MSM. Geithner calls for STRONG G20 stimulus and delays new bank rules. Stock drops to 4.51.
MSM articles from Fox
Safe Stocks: Do they Exist?
As the market continues to gyrate, traders are fleeing banking stocks in favor of consumer staples......sell, sell sell!
Dump Citigroup and GM From the Dow.....sell,sell,sell! And so it begins.
The SEC is corrupt. MSM is corrupt. The market makers are corrupt and our government is corrupt for allowing it to happen. And yes Dodd….we know what role you and your buddy Barney Frank have played in this debacle. It’s truly unfortunate that we can’t have some of these folks flow to
France and guillotined in the square. The world would better off. I'm going to go drink that bottle and eat the worm now.
Geez....It's like there's a brick wall at the .159 mark. It can't seem to get into and stay in that .16 range.
I would think we finish in the .16's though.
Quote:
Originally Posted by Demian
I dont think its "acute" at all when your supplier cant produce one of your best selling products. Step it up Audiovox!
Paratrooper Rick brought this up but I haven't seen any responses to it yet. Does anyone know anything about those PM orders? Volume was like 500k.
It was premarket 100 shares @ .24 at 528am the 500k was @.157 aftermarket
Any closing price predictions? :confused:
Does anyone know if the CC is still scheduled for tomorrow 8am?
Prediction: 16.25 at close with heavy volume last ten minutes
ditto...sold 4/5 pm @.169 and if it falls back to .15 or less will double down my 1/5 still holding.....:rolleyes:Quote:
Originally Posted by OldDruid
I meant .1625