This is from his YouTube Site, video titled “MackO” … super funny
Hi-Tek feat. J Dilla, Nas, Common – Music for life
Getting back to Real Hip-Hop this sunday night
My research showed me that there was another 15% short float on AIG that needed to be covered in the next 2.2 days as of Monday, today it dropped to the .5 days. Hence, the last 15 minutes was pleasing as I bought more $40 SEPT call options in the $1.20 range and now they are at $3.40 on close today (200% gain) but AIG is up $2 AH (after hours) so it could reach $5+ tomorrow. This now sets me up to either cash out or if I think the S&P (overall markets) were toppy then I could change lanes and short at some point tomorrow.
Also note, I have been saying that the government wanted FRE, FNM and AIG (it had a 20:1 reverse split so divide by 20 the current price) at least at $2 prior to Sept 10 or labor day….
I REST MY CASE… stick to strategy, research and market momentum and it will save you all the time (especially if it’s on our government’s side). Don’t ask what i think it’s going to… that’s not what I’m concerned about, as above $2 (pre split) with hardly any short float and a toppy market I will re-evaluate after I cash in tomorrow…not trying to be greedy
XHB – I initiated a long position today in the XHB (that’s an ETF for Home Builders)
-Trey Jarmond aka TJ Take’s
PS – I do think the market will retract, soon, but possibly not in a major way until after labor day or mid-week next week (gut feel, don’t follow me on going short the market)
See Radio Button at the bottom of the page for the 15 minute Question and answer segment on the market activity today. We will be delivering PODCAST every morning soon and it will be able to be subscribed via Itunes.
Now Derrick Rose is one of my favorite Point Guards in the NBA, he’s a Keeper on my team in my Fantasy Basketball League. So when he SMASHED on Greg Oden last night I just HADDD to post this. Enjoy
I AM NEITHER A BULL NOR A BEAR… LET ME FIRST STATE THAT
I am expecting the market to continue in an upward path over the duration of this week. With congress still in Recess and the BEARS realizing that the momentum to S&P 1100 could be insurmountably until September (after labor day or Sept. 15th is my prediction).
There are a few political ‘manipulated’ tractions that are happening with a few stocks in particular that the government owns a considerable portion of; those being: C, AIG, FRE, FNM… Let’s take the last 3… all of them are below $2 (let’s just imagine AIG did not do a 20-1 reverse split). The government wants them at/above/or near $2 by September 10th (if not sooner). The same reason they want Citibank (C) at $5.15 (target for conversion of government shares…36%). The government can sell their stake (or parts of it) at that time. They do not want to own 36% of Citi, they don’t want to own 84% of AIG…also…the government is IN THE BUSINESS OF MAKING MONEY. Hence, I bought OPTION CALLS on C and AIG last week and will be in and out of FRE and FNM throughout the week.
I am also looking at good standing Regional banks to see which ones are in position to get a “BB&T” type deal. Check the information channels, options movements, FDIC talks to get ahead on a trade.
Oil is going upwards my friends, get use to it. The supply #’s will begin to be lower but interestingly enough the cost to INSURE the STORAGE of OIL is going up. We have this ‘contago’ talk and I simply think OIL will take the market upward with it…lot’s of liquidity.
Not fighting the tape, loaded on with CALLS…at end of day will buy some PUTS on the SPY incase Monday is super red, will shift some in the money calls today to September based on if the S&P test 1015 and if it closes near or over it. If it closes over it then it will gap up to 1050 probably in 1-2 weeks due to chasing and outside investing (my theory in which I told Rico.. futures were down -9 S&P points at midnight and then up 7 points in premarket.. I wonder if china investors are selling china stocks and buying up US Equities, more bang for their buck??)
If we close below 1015 then it will be perceived as a TRIPLE TOP and look out below to 970 on the S&P…which would be good.
If existing homes # is good at 10am, then 1020 will be seen today…I do expect Bulls to let up by the afternoon to take profits however, will see if Bears are around or if they are at the beach too?
This move today a lot is due to the DOLLAR, being weak. Projections are that it gets weaker near term at least (a report came out overnight).
OIL is at $74, if it breaks $75 then it’s on to $85…it will hurt consumer, but it will take the market with it. Which actually may bring the Consumer BACK into the Stock Market (which will basically then signal that the Market will go down…lol)
If the fed wants Citibank to get to $5.15 so they could sale, then the market HAS to go up. Question is… does $C take everything with it?
I have liked KFN (KKR) since $2.76, now $3.06 pre-market…they do have the Dollar General IPO. Which is being underwritten by Goldman Sachs (GS) and Citibank (C)
Expect a TON of IPO’s after labor day form what I’m hearing !
-Trey Jarmond “TJ Take’s”
“One of the most underrated skill-sets in our business is knowing when to open your stance to take a healthy cut and realizing when it’s best to leave the bat on your shoulder to watch a few pitches—even if they’re right down the pipe. In Minyan parlance, that’s akin to the ability not to trade is often as important as trading ability.” – Minyanville
I had to think to myself…have I ever seen anyone get Crossed Up like this …maybe he should have stayed retired!! Even though this is a professional personal blog I HAVE TO HAVE A LITTLE FUN SOMETIME, GEEZ LOUIS!!