| Author | Message | ||
| Christian (Christiank)
Member Username: Christiank Post Number: 366 Registered: 1-2001 |
so what about a day late? | ||
| johndoe (Trader)
New member Username: Trader Post Number: 1 Registered: 7-2002 |
GEEZ MR GLOOM AND DOOM! Thanks for your advice but a dollar short and day late. The market is just over valued period. As for your comment regarding the derivatives portfolio in JPM could be said about any other derivative books in other banks and IB. But, let me honest about the risk. You would think JPM or any other bank would let its traders run wild on risk. In derivatives, there are many types of risk but to say that that JPM has amassed a kamikaze derivatives pyramid is simply WRONG and to a point of slander. If, you ask how do i know! Hey I trade this stuff at a bank but not for JPM. Derivatives are not bad by nature! It is the how you account for them on your balance sheet. So, dont mix nor mistake an accounting issue with risk. They are very different. But, thanks for you opinion. | ||
| Christian (Christiank)
Member Username: Christiank Post Number: 355 Registered: 1-2001 |
OK here I go again. Despite hate and sarcasmn from all the experts. We are possibly entering a period of sharp downturn in the stock market soon. Watch out for your real estate values too. This has been prooven to be the last resort of escape and hope(in the past two years). Will it survive???. No further comments on July 31st, 2002. | ||
| Horsefly (Arlie)
Junior Member Username: Arlie Post Number: 90 Registered: 5-2002 |
Do I smell fiberglass? | ||
| Martin (Miami348ts)
Intermediate Member Username: Miami348ts Post Number: 2487 Registered: 5-2001 |
Arlie, I got the car for you already: This is only $20,000. Hmmm, why?  | ||
| Horsefly (Arlie)
Junior Member Username: Arlie Post Number: 88 Registered: 5-2002 |
Why not start start a FerrariChat investment group? All the list members could anty up a few hundred dollars each and we could QUIETLY buy up an early GTO or 250LM for a cheap price now that the collector car market and the economy are down. Then we advertise and promote the pending sale of the car all across the collector car world with a lot of hype and hoopla to build the interest to a fevered frenzy and get all the sharks to circling. Post alot of photos of the car with some hot babes on the web. Then we sell it on E-bay and split the profits between the original investors. If it doesn't sell, we just rent it out to kids birthday partys or loan it to a different list member each week to drive. | ||
| Jon P. Kofod (95f355c)
Junior Member Username: 95f355c Post Number: 205 Registered: 8-2001 |
Christian, My post about humour was directed at Cmparrf40 whose name is Christopher! His post about JP Montoya was what I was referring to. My post was merely to warn people of the dangers of investing. People seem somewhat stunned that this type of downdraft could occur. 5+ years of 30% returns makes it hard to teach people the theory of risk vs. reward. Christian, I will assume that you thought my post to Christopher was intended for you and that is where the "people like Jon P. Kofod are making their money from manipulating people.." comment came from. Regards, Jon | ||
| TomD (Tifosi)
Intermediate Member Username: Tifosi Post Number: 1089 Registered: 9-2001 |
yeah the ironic thing is on one side the banks are suing enron as part of the bankrupcy and th eothe side of the bank help decieve investors - comical | ||
| Martin (Miami348ts)
Intermediate Member Username: Miami348ts Post Number: 2466 Registered: 5-2001 |
Savings and Loan Crisis. Nothing is going to happen if JPM and CITI is going down. | ||
| David White (Dwhite)
New member Username: Dwhite Post Number: 32 Registered: 7-2002 |
Tom, I agree with you 100%. If those institutions crumble we have lots more to worry about than 30% losses. On a side note, I still would be interested in applying for one of their Enron loans(just trying to lighten things up a bit). The markets certainly are very scary to look at these days. | ||
| TomD (Tifosi)
Intermediate Member Username: Tifosi Post Number: 1088 Registered: 9-2001 |
be careful what you wish for if JPM and Citi are in trouble they will shake the foundations of this nation. in that vein they will soon be a buy as there is no way the government will allow them to go bankrupt. | ||
| Martin (Miami348ts)
Intermediate Member Username: Miami348ts Post Number: 2460 Registered: 5-2001 |
Yikkes, you stock-guys are very edgy. I have $ 2,000 in the stock market. Made a little something in LMT and lost a little something in HD. With my recent purchases in HD I am sure that will turn around soon.  If you ask me, and nobody does: You pick a stock because you believe in a product or a service or the future company performance. You stick to a stock for more than a day. The quick money mentality has created agressive accounting, because people DID want to get lied to. Nobody wanted to read the brochure or think about the products they are manufacturing. In by noon out by 3 and make a quick buck. In the last few years I have seen many people make lots of money. In the last two years I have seen the same people lose even more! Home Depot? ...because I shop there and see how many people shop there and see how much money people spend and with increasing prices for contractors, more people will "Do-It Themselves" | ||
| Frederick Thomas (Fred)
Member Username: Fred Post Number: 531 Registered: 2-2001 |
Yes the fundamentals are there for JPM but... have the numbers been fudged? | ||
| Manu Sachdeva (Manu)
Member Username: Manu Post Number: 334 Registered: 2-2002 |
Aggressive Hedge Fund short-selling is destorying world Equities- they've every right to do it, of course - they may be the only people making money out there. | ||
| John A. Suarez (Futureowner)
Junior Member Username: Futureowner Post Number: 95 Registered: 3-2002 |
Christian I believe that Jon is making reference to Cmparrf40 being funny for making the reference to Juan Pablo Montoya. That would also explain the Christopher part of this thread. Hell, like Chris first thing I thought when I read this subject line was that somehow formula 1 was being compared to Enron. Just cause he can't win after having 5 poles doesn't mean he is tanking. The fundamentals are there. | ||
| Christian (Christiank)
Member Username: Christiank Post Number: 347 Registered: 1-2001 |
I'll keep you guys posted on JPM. Was 21 today. And folks, people like Jon P. Kofod are making their money from manipulating people. Why would he bother replying to me otherwise - because I am so funny? By the way, my name is not Christopher. | ||
| Frederick Thomas (Fred)
Member Username: Fred Post Number: 529 Registered: 2-2001 |
Jon, I agree with you about the free advice being free for a reason. I get SO many emails about hot stocks to buy. I have a guy that has been calling me on the phone about a stock that is SURE to move soon. He is taking on 15 to 20 new clients. My question to him is " so of all of the people in this country why am I one of the lucky 15 to get these great stock tips?" If it was as easy as taking an email tip to buy stocks everyone would be doing it and no one would be working. | ||
| Jon P. Kofod (95f355c)
Junior Member Username: 95f355c Post Number: 204 Registered: 8-2001 |
Christopher, Your post about "JPM" was quite funny. Like I said there wasn't much to laugh about today in the financial markets so your post was a nice bit of humor. By the way email me if you want some info on open wheeled race cars. I noticed in the other thread that some folks are recommending a Formula Maza or Formula Continental. I am moving up to Formula Mazda next season and have also tested the Formula Continental. Regards, Jon P. Kofod | ||
| Jon P. Kofod (95f355c)
Junior Member Username: 95f355c Post Number: 203 Registered: 8-2001 |
Don't own a share of JPM or Citigroup for that matter in either my own personal investments or my fund. Could be I am over-reacting a bit to your post (it's been a long day). You are certainly entitled to your opinion but unless you have some inside information about these so-called pyramid schemes, your rumor that JPM will file for bankruptcy after all the current alegations have been revealed seem to add to all the hype the media is throwing at us. There seems to be a lot of "rumor" spouting infecting the trading floor on the street in the past month. I have noticed it and so have many of my friends who are traders on the floor of the NYSE. The shoot first, ask questions later, mentality is being compounded by the media. I am not saying that things are rosy, or that things are better than they appear. What I am saying is that some traders and firms are spreading a lot of rumors onto the trading floor and profiting from it because of the current state of the market. I am not implying that you have any intention other than to share your outlook with fellow Ferrari owners. However, that being said I can tell you and other FerrariChaters that this current market turmoil is a great opportunity for even more manipulation of stock prices. I guess my point is for folks to be careful in this current market turmoil. Information that is free, is usually free for a reason! Regards, Jon P. Kofod 1995 F355 Challenge #23 | ||
| Tyler (Bahiaau)
Member Username: Bahiaau Post Number: 341 Registered: 12-2001 |
I don't mind a few off topic posts. Some of them I find interesting and will read, the ones that don't interest me I skip. Fredrick is right, there have been plenty of "stock tip" threads. I can't speak for everyone, but I have made a little coin from a few members advice. | ||
| Frederick Thomas (Fred)
Member Username: Fred Post Number: 528 Registered: 2-2001 |
There has been plenty of times when stocks have been discussed on this board before. Just like floor matts, car waxs, what should I get 348 or 355, advice on 308 purchase etc. etc. What is the big deal if someone wants to talk about it again. For crying out loud, people are getting medical advice on the board now. I have no opinion on JPM and personally I could care less if the market goes up or down. You can make money both ways and a lot of people make a ton of money in down markets. | ||
| C. Smith (Italianauto)
Junior Member Username: Italianauto Post Number: 101 Registered: 10-2001 |
Smells like a strong chance we get the "capitulation" soon...we need it....hate to bear grind down to a sub 800 NAZ | ||
| Christian (Christiank)
Member Username: Christiank Post Number: 346 Registered: 1-2001 |
No, I am not short JPM. Why so offensive? Are your clients long JPM? I am one of the first ferrarichat members and I told everybody last year (and the year before) that my target on the COMPQ is 1.040 and I warned ahead of time. Personally I think its not too late getting out of JPM. But of course you are in for the long term. | ||
| Cmparrf40 (Cmparrf40)
Member Username: Cmparrf40 Post Number: 363 Registered: 3-2002 |
Hell, I thought JPM was "short" for Juan Pablo Montoya. I do not want to talk about either "JPM"! Christopher M. Parr Registered Principal Branch Manager Ameritas Investment Corp. | ||
| Jon P. Kofod (95f355c)
Junior Member Username: 95f355c Post Number: 202 Registered: 8-2001 |
Any chance you may be "SHORT" on JPM??? I could certainly give you my opinion on your "theory" but it doesn't belong on this board. C'mon guys lets keep our investment opinions off the board. I don't mind some off-topic posts in FerrariChat from time to time, but there are folks who have lost enough already and the last thing they want is investment advice or opinions posted on their beloved Ferrari Chat boards. Regards, Jon P. Kofod Senior Portfolio Manager Conlon Capital Asset Management, Inc. 1995 F355 Challenge #23 | ||
| Christian (Christiank)
Member Username: Christiank Post Number: 345 Registered: 1-2001 |
Sounds interesting! The HUI lost a painful 25% in the last week (from 140 down to 105), at the same time JP Morgan dropped 30%, too, much more than the overall market - in my opinion these two events are related. In Amanita #19 on April 24 I already gave a brief overview on the subject (see archive http://www.amanita.at/sub/andere/e-abo-overview.htm), in the meantime it has already made its way into the mainstream press: JPM will probably soon line up after Enron and Worldcom to file for bankruptcy because it has amassed a kamikaze derivatives pyramid that no one, I repeat no one, will be able to bail out. As already mentioned once or twice I am convinced the manipulators in the gold market are behind the huge rallye in the mining sector because they wanted to compensate the losses of their short position. JPM is the dominant manipulator and the weakness of the mining stocks may indicate they are facing serious liquidity problems and are dumping their stocks at any price. |