News From GodOfTrading

[godoftrading]

Wall Street Bailout

Now that GE slimed its way into the TARP. Guess what their up to.

http://www.ft.com/cms/s/0/cbcc89e2-b42b-11dd-8e35-0000779fd18c.html?nclick_check=1

Why there isn't millions of people tearing down Washington right now is beyond me.

I guess they need more than MSNBC, CNBC and NBC networks to convince the dumb next time why we need another bail-out.

 

[godoftrading]

Goldman Targeted for Naked Short-Selling

Nov. 17 (Bloomberg) -- Investors in the $591 billion high- yield, high-risk loan market are accusing Goldman Sachs Group Inc. of naked short selling to profit from record price declines.

http://www.bloomberg.com/apps/news?pid=20601087&sid=as3PwfEfBlhk&refer=home

 

[godoftrading]

New York Market is Dead

Toll Brothers CEO is now admitting the NYC market is "dead." The supply in manhattan is overwhelming right now.. well at least in the one bedroom market. Anyone want to venture a guess when this will turn around?

http://norris.blogs.nytimes.com/2008/11/11/toll-on-ny-its-dead/

 

[godoftrading]

Import Cars

LONG BEACH, California: Gleaming new Mercedes cars roll one by one out of a huge container ship here and onto a pier. Ordinarily the cars would be loaded on trucks within hours, destined for dealerships around the United States. But these are not ordinary times.

For now, the port itself is the destination. Unwelcome by dealers and buyers, thousands of cars worth tens of millions of dollars are being warehoused on increasingly crowded port property.

And for the first time, Mercedes-Benz, Toyota, and Nissan have each asked to lease space from the port for these orphan vehicles. They are turning dozens of acres of the nation's second-largest container port into a parking lot, creating a vivid picture of a paralyzed auto business and an economy in peril.

"This is one way to look at the economy," Art Wong, a spokesman for the port, said of the cars. "And it scares you to death."

http://www.iht.com/articles/2008/11/19/business/19ports.php

 

[godoftrading]

Pet Med Express

Through it all PETS Pet Med Express has been a great stock. Flat to up in all this mess. They cut costs for the consumer who still buys his or her Dog & Cat medicines and such. I've been watching for a very long time. It took a downgrade like a champ earlier this month and has since received an upgrade and PT of $3 above it's current price of $17.50. I'm so frustrated with the market now I'm going to fold some huge losses into this name. A big petsmart type stock reported good earnings today which has enhanced my view of the space.

 

[godoftrading]

Goldman below $50 per share

Where is Paulson with his bailout money? They need billions now!

 

[godoftrading]

Russia Is Only Down 75 Percent YTD

http://online.wsj.com/mdc/public/page/2_3022-intlstkidx.html?mod=topnav_2_3024

 

[godoftrading]

Continental Airlines

CAL, a great trading stock!
Check the chart.

 

[godoftrading]

SEC may Reinstate Uptick Rule

It's mentioned on the second page of this NYT piece:

http://www.nytimes.com/2009/02/23/business/23schapiro.html?_r=1&partner=MARKETWATCH

 

[mywife]

huuu.... ado gak tuhan trading yerrrr....