posted
I bought some options on AIG just in case it skys up, .. maybe it will still fall who knows lately
Posts: 208 | Registered: Sep 2008
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posted
Hey Boo , TMA was on your list did you have any of it?If so good job...I will have to watch it..
Posts: 1986 | From: Florida | Registered: Mar 2006
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quote:Originally posted by Gary59: Hey Boo , TMA was on your list did you have any of it?If so good job...I will have to watch it..
No, didn't have enough capital lol.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by BooDog: how about that TMA
how did you find that. wow was at 300 last year.
Do your DD M8. lol Certainly is a crazy market!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Well looks like another crazy day here today,,,my question is to play with unsettled funds today ,,,,,,,,or not....... AAARRRRGGG...
Posts: 1986 | From: Florida | Registered: Mar 2006
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ANyone been following recovery estimates on the financial market bank. Playing some short term here, but what is the estimated recovery to say 2/3 of previous. ? hmm
Posts: 208 | Registered: Sep 2008
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posted
Well I put a buy in for NCC at around 2.35 in case it comes back down,might even lower that if i see it heading down, and if I get it I only have to hold till monday to clear sales from yesterday .. I think with news from NCC that they will not need any bailout money might help keep this one sound , and it was stable around 5 buck most of last month.... Good luck to everyone with trading cash left today.
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
ABK and RDN down pretty good end of day yesterday. See if they gap down this morning. I'll be watching pre-market.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
lol so much for my gap down, must be opposite day!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Well I have been away all day today , I am waiting to see what Monday brings I will have free cash then ,, also daytraders might drop sh prices today being friday as well as we dont know what all is in the bailout bill either..See you guys monday..GLTA
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
OK getting ready for monday morning,, NNC gapped down after trading friday and AIG up just a touch ,, not sure what the morning will bring anybody have any predictions about tommorow morning? NNC closed 3.51 now 3.03 AIG closed 3.86 now 3.95 ABK closed 3.27 now 3.33 RDN closed 4.29 now 4.37 TMA closed 3.24 now 3.00 SOV closed 5.84 now 5.70 Just a few that have been on watch list..
Posts: 1986 | From: Florida | Registered: Mar 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by Peaser: Looking good for a daytrade right now at these levels, for today.
I locked ALL my funds up. Just watching. Don't have the capital to risk and can't day trade. Call me chicken if ya want lol.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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National City shares fall with broader market Monday October 6, 10:37 am ET Shares of National City tumble with broader market and after Fitch cuts bank's ratings
NEW YORK (AP) -- Shares of National City Corp. plummeted Monday morning as the broader market tumbled, and after the regional bank's ratings were cut by Fitch Ratings. National City shares fell 96 cents, or 27.4 percent, to $2.55. Shares have traded between $1.25 and $27.21 during the past year, and have lost nearly 79 percent of their value since January.
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The share decline comes amid a broad sell-off in the market as investors remained concerned that the financial crisis is spreading globally and will dampen worldwide economic growth. The Dow Jones Industrial average fell 413.77, or 4 percent, to 9911.61, dipping below 10,000 for the first time in four years.
National City also saw its issuer default ratings slashed by Fitch late Friday. The ratings agency cut National City's long-term issuer default rating by two notches to a still investment grade "BBB+" from "A." It's banking subsidiary's long-term rating was reduced one notch to "A-" from "A."
Both the holding company and banking subsidiary's individual rating were cut to "C" from "B." An individual rating of "C" represents an "adequate bank" that may have trouble with one or more parts of its operation.
Fitch said in a statement that National City could face even more losses on its mortgage and home equity portfolios amid the continue weakening in the economy. Those further potential losses are likely to hinder the bank's return to profitability.
Fitch did note National City has strong liquidity after raising $7 billion in new capital earlier this year, which should provide it with a cushion against further losses.
Like many banks, National City has been hit hard by a sharp rise in mortgage defaults since the middle of 2007. During the second quarter, National City reported a loss of $1.76 billion as it increased its provision for loan losses, more than tenfold, to $1.59 billion.
All the ratings are on a negative watch.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
They seem to have liquidity and obtained it before others were in need with high interest rates attached.
Many are looking at current profit and earnings. When these short term losses are over with the write offs many should become profitable.. and go up.
Posts: 208 | Registered: Sep 2008
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posted
Well I just got back from Lauderdale and glad I cancelled some buys I put in this morning before leaving,,NCC would be down .50 more than the buy I was looking for ... Just getting into checking my watch list and looking for something to flip today... Man down another 490 points DJIA,,,, good market for picking up bottom bouncers,, but still not sure if this will be bottom yet,, And BooDog NCC at least NCC did liquidate 7 billion before all this crap started at least they saw what was going to happen,,,I wonder if the market is even going to level off before the election ??
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
The effects of Fitch since January have been pretty mixed with the bond insurers and the banks imo. I still like RDN, ABK and NCC as well as our Bermuda SCA, but don't turn your back on them and imo playing the TA is the way to go - with an eye on the news. I'd like to see NCC stay above the $2 mark.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
NCC chart looks like double bottom at 2.20 I got in at 2.25 lets see what today will bring... GLTA today..
Posts: 1986 | From: Florida | Registered: Mar 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Hey BooDog,, Did I read the chart wrong thinking of a double bottom for the day? With the chart you posted from Bigcharts ,It looks like it might keep going down a little more before re-tracing..Any Opinions? Gary
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
Sure is a lot of buys coming in on NCC at the 2.30 mark......wonder what EOD will look like today..
Posts: 1986 | From: Florida | Registered: Mar 2006
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quote:Originally posted by Gary59: Sure is a lot of buys coming in on NCC at the 2.30 mark......wonder what EOD will look like today..
Insider Sentiment More » OBRIEN TIMOTHY purchased 30,000 shares on September 18, 2008. Over the last year insiders have on average purchased 4,500 shares.
That was perfect timing. Well inside he's saying good things
Posts: 208 | Registered: Sep 2008
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quote:Originally posted by Gary59: Hey BooDog,, Did I read the chart wrong thinking of a double bottom for the day? With the chart you posted from Bigcharts ,It looks like it might keep going down a little more before re-tracing..Any Opinions? Gary
It's hanging in there better than I thought it would. Good pick on the bottom at 2.2
check this out... Another Monday mover was Hartford Financial Services Group (HIG:hartford finl svcs group inc com News, chart, profile, more Last: 31.00+3.60+13.14%
HIG 31.00, +3.60, +13.1%) , shares of which rose 12% to $30.72. The company said that it will receive a $2.5 billion capital investment from German insurance giant Allianz. Hartford faces more than $2 billion of investment losses, largely from its holdings in the financial-services sector. "We are taking decisive action to ensure that the Hartford remains well capitalized for long-term success," said Ramani Ayer, chief executive officer. Hartford also warned it's facing a loss of $8.50 to $8.80 a share in the third quarter. The performance includes net realized capital losses of $7.05 to $7.25 a share, or $2.1 billion to $2.2 billion in total, the company said. See full story. http://www.marketwatch.com/news/story/national-city-plunges-weighing-down/story. aspx?guid=%7BF91E624B%2D7069%2D4089%2D95E2%2D4EB886562CAD%7D&siteid=yhoof
maybe they'll be next eh?
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Well support looks like 2.25 on NCC today it keeps popping back up a little everytime it hits.2.20 to 2.25 range.. And HOLY MOLY DJIA DOWN 748 so far.....
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
Thanks leoforex, I signed up to the page but found no info on it where would the article be that you are refering to? Thanks And NCC looks like its going up EOD ....Now to figure out if I am getting out today with small profit since holding overnight lately has been risky......
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
OK Out at 2.55 which is OK because I have some free trades with Scottrade because a friend settup an account so made 10% on a crappy day....
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
AIG NEWS:MIGHT GAP THIS MORNING DJ Axa CEO: Eyeing Some AIG Assets In Asia, In US - Report
.
PARIS (Dow Jones)--French insurance giant Axa SA (AXA) is considering making an offer for assets of U.S. peer American International Group Inc. (AIG) in Asia and the U.S., the company's chief executive said in an interview with French daily Le Monde Tuesday.
"We are looking at assets of AIG in Asia and the U.S. and should the opportunity arise we'll make an offer," Henri de Castries said.
AIG was recently saved by the U.S. Federal Reserve to prevent it from collapsing.
-By Paris Bureau, Dow Jones Newswires; 33-1-4017 1740
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=SeIg8G7yNMkWwEGTEPV1HQ%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
October 07, 2008 05:19 ET (09:19 GMT)
Copyright (c) 2008 Dow Jones & Company, Inc.- - 05 19 AM EDT 10-07-08
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Posts: 1986 | From: Florida | Registered: Mar 2006
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