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Posts by "pippedoff"

1087 Posts by Anonymous "pippedoff":
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 11, 2010 20:26
I remember Bob Pisani for years abusing gthe Gold bugs, always saying something to the effect of, "Nothing going on in the gold patch. Why waste money there when you can buy (overinflated-my word) U.S. stocks".

What he really was saying is, "My entire 401k and pension is in the parent company of CNBC, GE's stock-so please buy stocks to support my retirement.".

Isn;tit funny how Pisanio NEVER recognized or acknowledged the long basing pattern of Gold. Instead of explainiung to the masses that the longewr the basing pattern, the larger the breakout, he only encouraged people to p;ut money in equities.
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 11, 2010 20:19
usd/jpy trying to grind higher and get back to 92.20 level. It may not get their by "close" today for charting purposes, but I believe jpy will be sold in asian session, providing upward pressure on usd.
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 11, 2010 20:17
@wassup: told you they would bid back gbp as soon as it broke a bit.

Going long trash euro and gbp is like a Ponzi scheme. They are being supoorted with the illusion of going higher to get more suckders to either close their short or attract new mo-mo longs.

Ashraf has the tea leavez supporting lower levels of eur upcoming, but no one wants to listen. It's merely a big game of Chicken. I just hope the last one out the door doesn't forget to turn out the lights.
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 11, 2010 20:13
Aussie will be well bid into 5 pm new york time so longs can collect their premiums.
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 11, 2010 20:12
nice save on the gbp. Now that they put a quick 12 pips on it to get it back above 1.61, all the while able to keep eur/usd from falling, it is now set up to grind higher into US Stock market close, which is a given will also be ground higher into the close.

Can you believe the NASDAQ is actually negative today?
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 11, 2010 20:09
@Gun: he's got six weeks to be correct, and needs to overcome time-value of the option if he is not deep-in-the-money already.

It is utterly startling to me that Vix is pre-Lehman. Just shows you how complacent everyone is. After all, US market has rallied 65% off its lows.

What I found very humerous, and posted earlier, is that Cramer came out today pounding his fist that stocks are "about" to take off! About? Isn't 65% classified as a take off? And he was crying every day on the air at 6700, pointing fingers and exhalting the masses to NOT invest in stocks. This guy Cramer is nothing more than a front-running white-collar criminal. i admit he is very entertaining at times, and only in small doses. He is nothing more than a shock-jock of stock guesssers.
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 11, 2010 20:05
@ Anzvik: meant eur/usd in last post where I wrote usd.

The chart of Gbp is looking atrocious. It is much lower than where it was immediately after NFP was released, and significantly lower on the China news which will soon be old news and forgotton.

This looks like the top short around as eur/gbp is being supported to prop eur/usd over 1.4500
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 11, 2010 19:59
gbp taking it on the chin here, sub 1.61, as eur is continued to be supported above 1.45 through bidding up of eur/gbp crfoss.

Gold attempting to breal sputh of 1150 again, which would put pressure on aud below 0.93.
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 11, 2010 19:50
gbp about to break 1.61. Will eur/gbp be sold to support gbp?

Also after $4 pop in gold after it broke 1150, gold pulling back for another test here.

Things look to be stabilizing for USD.
PippedOff
Canada
Posted Anonymously
14 years ago
Jan 11, 2010 19:46
-think you meant 1.6050. The gbp is being forgotton in the short term in order to support eur over 1.45. Jpy probably will be sold in Asian session, could bode negative for usd. If usd 15 or more pis below 1.450 come European session, eur bears will assume contol.