Baltbear on Finance markets are like marshmallows

The "venerable" new york times occasionally says something intelligent.
  Here’s an op ed piece:
http://www.nytimes.com/2008/11/16/opinion/16cohan.html?pagewanted=2
 that points to an idea suggested as "relief" or moderation in many an industry, including running the federal government.
   Further, the article points to getting rid of a real threat to the American economy, and thus th world economy, a small group (2-6,000 people)
coninutlaly looking out for each other and building the "uberlords"–
or rather, re-creating them, since that’s how europe ran for 700 years or so, regardless of what is done to the asset base.
   the NYSE was founded on that principle…"hurray for us, heck with them" is enshrined in its original charter, signed under the tree…
but it is time for it to be gone.
 there is no "them". there is only us. that’s the good news. the bad news is,
as was announced in pogo a long time ago, "we have met the enemy and he is us."
 

Posted under business

More than once in this little corner of th world, i will be making reference to a stock that has been on the :obb, nasd:sc, nasd:nm, amex, and back to nasd:obb–the penny stock boards…sometimes called "pinks" ahthough pink sheets refers to a different marketing system now, thankfully, lost to history..i hope.

   As an example of what the prudent speculator should examine while doing the dd (due diligence) to manufacture a chart, warrnats serve as an example of fundamental analysis that will need be considered.

  A warrant is the right to buy from the treasury (the treasury of the corp "warrants" or promises that the total authorised includes an allowance for future stick not issued) a warrant for some large discount, that becomes a coupon to rtade for a share of stock under certain conditions. 

Thus, corp yuck:nasd:obb  whose common traddes at 7/8, can sell warrants @ let’s say 3/16, which are tradable 1:1 for a share of common >>>if<<< the average trading price of yuck is at or above  1 1/2 for 30 days before 122112….december 21, 2012…the winter solstice and end of the world.

 to make the warrants attractive, an mm will keep the ticker as close to that level as he ca get it. the warrants get sold, te treasury takes the money, and the comoany then watches the mm sell off, shorting into the raly he built, collecting his fees for moving the warrant, whle the corp screams about evl manipulators..while waknig away with free cash.

here’s a chart:

 http://finance.yahoo.com/q/bc?s=BTIM.OB&t=5d&l=on&z=m&q=l&c=

here’s another…lol..

http://finance.yahoo.com/q/bc?s=BTIMW.OB&t=5d&l=on&z=m&q=l&c=

whoops…

 so…what is the soruce of this week long rally?

fundamentals?

 a news release?

or…..could it be…. mm games?

or do they all work together?

the prudent speculator wants to know.

before he hits the trigger. he gets to know by doing is dd well in advance, and never being done with it. only then do the charts become tea leaves…

Posted under business

  A long time ago, there was a beach, where pigs fed on the organic trash of the ocean, dead fish, seaweed, the occasioal frenchman. To keep them from the town proper, a wall was built, so that en could gather under a tree and deal and self-deal to their own benefit from the world’s commerce.
  After a while, from throwing rocks into the sea, and burying inorganic trash, the beach changed shape, and the men moved to where the pigs had been, and called it wall street.
   A cabin was built, where a baltic sea captain taught latin to the sons of the dutch money mongers.
  Not much has changed since then.
  How it hasn’t changed, and the smoke and mirrors that cause people to think it has is the subject of this ongoing commentary.
   Those who have something to say that they think can stand getting looked at with a burning light are welcome, invited to post. And those that cannpt take the heat are invitred to get out of the kitchen.

Posted under business