执迷不悟？

何鸿燊

The joke will fade faster than you can say goodbye !

It is a well engineered, government supported manipulation that Well Fargo , unfortunately, reported 0.55, a fake number, still 10 cents below expectation.

But the FASB rule change allows them to report it like this. They can state a false net income number, as long as they disclose the writeoffs in brackets down below.

The stock is under tremendous distribution since the open, despite the fact that this is a pre-holiday trading day.

WFC, considering a PE ratio of 16 which is over the top given the current conditions, is worth only $8 today. However the market doesn't only price today's conditions but 6+ months future.

So WFC today is worth $2-$3 like all other major banks you know of.

Here is the thing you should be careful. Conventional wisdom today changed. Masses now think that they will get the same reaction after all other bank earnings. There is no free lunch in this business. If the market unloads WFC after the news, which is the current case, this mind-set will be a trap to the broke-house. Because these banks may not see these prices for the rest of their business lifes.

So within the grand schema I gave yesterday, S&P500 continues its congestion within 800-850 range until earnings season is over. Therefore I am shorting the upper boundary and buying the lower boundary of the range during this time frame.

Posted by Atilla Demiray at 4/09/2009 10:28:00 AM

raise3

soulvirus

大家都知道那是假的,关键的是,不顺从市场会死人.所以要不sideline,要不就陪mm一起玩.意气用事不得

Maxie

so basically he's saying, i know it's fake so let's day trade this shit.

cw8888

NingCaiChen

thanks

leftright

刁得一

原作者在这波涨的过程中740点就全仓short了。后来我以为他壮烈了呢。就没再关注其blog。刚才一看这两天又继续在疯狂short。估计他的钱赔光这波牛市就结束了。

lwjnbtx

在这种环境下,任何时候全仓short就象是赌大小....最多20%-30%的仓, 留得青山在,不怕没柴烧.