Archive for March, 2009

• GM and Chrysler to Go Bankrupt
  UpsideTrader, March 31st, 2009 at 7:17 pm, Comments: 0

  Obama has determined that the best way to go is for GM and Chrysler to rollover and do a prepackaged bankruptcy. At least he was thoughtful enough to put it in a package, bow and all. This is 48 hours after he decided to give GM 60 “more” days to avoid the inevitible disaster. I [...]

• The Churn Begins
  UpsideTrader, March 31st, 2009 at 7:37 am, Comments: 0

  It’s the last day of the first quarter today and I’m wondering if some scattered Pollyanna’s are trying to get some last licks in as they get ready for their perceived move back to 14,000? Over 90% of mutual funds lost money in 2009 and these are the same twits with blank checks making buy [...]

• Failure
  UpsideTrader, March 30th, 2009 at 7:25 pm, Comments: 0

  Oil was crushed as well as materials, agriculture and financials. Just a bad day all around. The bulls had every opportunity to reverse things but chose not to. It was more of a strike by the buyers and in my opinion could have been worse.
  Net on the day the Dow was down 254.16 [...]

• Dollar Tree DLTR
  UpsideTrader, March 30th, 2009 at 11:38 am, Comments: 0

  I had this on twitter this morning. It is a clearly at a breakout level-a firmer market would certainly help push it along.

• You’re Fired!!
  UpsideTrader, March 30th, 2009 at 6:37 am, Comments: 0

  The government is asserting its “ownership interest” in GM and has requested the head of Rich Wagoner. Will Ken Lewis or Vikram Pandit be next? How about Immelt at GE? I would accept the termination of Cramer instead of Immelt, but that’s just me.
  I’ll be watching 787 as a level that must hold short [...]

• Weekend Linky Dinks
  UpsideTrader, March 28th, 2009 at 7:43 am, Comments: 0

  Happy Saturday. Is the market at a near term top or is it digesting gains before a run to 900? Next week will be fun. The newsletter will be out later today or tomorrow morning, hope you enjoy the links.
  This is one of the best pieces I’ve seen on AIG, CDO’s, CDS’s and the origins [...]

• The Financials Go To Washington
  UpsideTrader, March 26th, 2009 at 9:36 pm, Comments: 0

  I’m just wondering when the obnoxious, daily shoving of big government up our collective asses will start to take an affect on the market. Unless things have changed, well they have actually, the market doesn’t like regulation, never did, never will. It’s what makes us Capitalists for goodness sake. China is petrified to hold our [...]

• Daniel Hannan
  UpsideTrader, March 26th, 2009 at 4:04 pm, Comments: 0

  This video is just wonderful, where is our Daniel Hannan?

• QQQQ
  UpsideTrader, March 26th, 2009 at 11:45 am, Comments: 0

  I mostly trade S&P names but this caught my eye. Watch it if the bulls take control, but for now I’m long some QID.

• Jobless Claims and GDP
  UpsideTrader, March 26th, 2009 at 6:39 am, Comments: 0

  Big data this morning and I think it’s safe to say that volatility is back and will indeed remain around for a while. Even though the Treasury is coming forward with a plan, there is still a good amount of uncertainty around its feasibility and probability of success.
  I’m wondering if Geithner will consider the Zimbabwe [...]