The Stock Room page 4

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So you’re telling me that on August 5th, almost near the high of the XOP, this 1 trader knew that by 9/30 the XOP would hit close to its’ all time LOW?? I have 1 word for that……

                I Tweeted this way back when it 1st happened! Where the hell is the SEC?

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apppro’s take for 10/10/2014 05:00 pm EST

Even Capt. Kirk has had enough with the FEAR-MONGERING by media!

Capt. Kirk: Bored with boardroom battles    Fri, 10 Oct '14 | 4:47 PM ET

                Of everything that he said in this interview the MAIN thing is what he says at the beginning, and I paraphrase a little:

“You’re scaring the crap out of the public and you should stop it. Things are not bad! You, the media is causing most if not all this angst in the markets & the economy!”

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apppro’s take for 09/26/2014 09:00 am EST

Et tu Brutus?

                These FLUSHES keep occurring because stupid FinReg forced regualtors to take BIG BANKS out of the markets and left us all to the whims of hedge funds! UGH! UGH! UGH!

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apppro’s take for 08/31/2014 09:00 am EST

Damn it! This is NOT Healthy!

S&P YTD

My Portfolio YTD

                I am sick & tired of the media and so called financial experts who keep saying that periodic 1 to 3 day HFT micro crashes are “healthy” for the markets, or “needed” so the market can move higher. BULLSHIT! I find nothing healthy, no rather sickening for these periodic crashes. And WHY, why do we need them? WE DON’T! These sell offs are there ONLY because a few hedgies need their shorts covered or a few have been sitting in cash waiting for a cheaper price. You may notice in those charts that the ’length’ in days of the micro crashes are VERY close to the ’length’ in months it takes to recover back the loses! WTF? Meanwhile the rest of us suffer!

Everyone should rise up and scream that:

“It’s The Mentality Stupid”

STOP the INSANITY NOW!

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apppro’s take for 08/23/2014 08:30 am EST

“Bigger Banks are Better” sign

                During an interview yesterday from Jackson Hole Conference, Dennis Lockhart said just that! Consolidation in the banking system is happening now in my district and was needed to preserve the system; and that bigger banks are needed in today’s system.

                I am still waiting for CNBC to put this part of Fed’s Dennis Lockhart’s interview with Steve Leisman on their website, so I can post that too. However, I think a certain Senator must have made phones calls not only to CNBC but to the Federal Reserve itself saying, “WTF are you guys talking about?? I’ve told you 1000 times that I want these banks that hurt my family when I was a child broken up! Do I have to sick Holder on you too?”

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apppro’s take for 07/03/2014 04:30 pm EST

Conflict of Interest leading to #RIGGED?

                I’m sure many of you watched the GoPro IPO this week. Some pop! It sure was a winner for those who for over a decade worked their butts off to create a nice product. Congrats to them, BUT this is not what I’m writing about. Rather, it’s about the vultures that surround the IPO and the media networks giving them platforms to do so. However, in this rant I am going 1 step further and the SEC and FCC and Congress really need to look into this.

                OK, it’s no secret that so-called ‘commentators’ on CNBC, FOX, Bloomberg, etc. hype and front-run (for lack of a better phrase) and promote stocks that they own or are short or have option positions in or whatever. In and of itself I find this disgraceful. No way in heck should anyone be allowed to buy, sell, short, etc. a stock, and then have free reign to go on WORLD WIDE TV and push the heck out of their positions. There are never any fair disclosures, but even if there were it doesn’t matter – they say what they want anyway and the damage, so to speak is already done. Not only do listeners react to this (Just go back to when Cramer first started doing his show and how he had to warn people not to buy or sell when he talks!), but now we have #HFT ‘seeker’ algo’s listening to! For the past few weeks leading up to and now during the GoPro IPO, how many times – hundreds? – of times did not only the reporters mention GoPro, but so did these traders that disguise themselves as ‘commentators’. This is an outrage and why the SEC hasn’t stopped it is an outrage! #RIGGED

                Fine, we’re all use to it, so it’s OK. Well, I’m NOT! I even had Twitter exchanges with a few of them. Some even admitted freely on TV– after it went public of course – that they had gotten in on the IPO and that they were flipping out. This was after weeks of hype! Again a disgrace!

                However, this week I got a NEW REVELATION! The day of the IPO, during a segment on how much GoPro had popped and how much $money$ Venture Capitalist VC’s were making on the IPO; a female reporter (I won’t mention names.) said that even Comcast was NOW into VC investing. I was getting the distinct impression that she seemed to indicate that Comcast, the owner of NBCUniversal, CNBC, and a major cable company had used VC $ in GoPro, too! Wait a friggen’ moment! The company that owns CNBC who has been hyping GoPro for weeks MAY have been a VC in the company and had a huge stake in the IPO? WHAT?! Does no one else find this wrong? Does no one ask, “Where are the glass walls?” I find it bad enough that they cross promote their reality financial TV shows on CNBC, but come on people – THIS VC & IPO LINK REALLY STINKS AND IS WHAT I TRULY CALL #RIGGED!

                Even if they were not in this specific IPO, what other IPO’s that CNBC has hyped was Comcast (Or any media outlet.) a VC in? I’m sure that this is perfectly legal but really >>> the SEC, Congress, and the rest of you do not find this at all disturbing?

#RIGGED! #RIGGED! #RIGGED! #RIGGED! #RIGGED! #RIGGED! #RIGGED! #RIGGED!

Side note: I did not include names and links cause like Dragnet “Names were changed to protect the innocent.” But any of you in the biz out there will know exactly whom I am referring to!

My “Fair Disclosure”: I have NO position in GoPro in anyway except watching with jealousy! And after the initial post above, I did find a list on Comcast VC companies. GoPro does not seem to be on the list: Comcast Ventures

 

HAPPY JULY 4TH

                And heaven help us all, because on July 17th CNBC sponsors the World’s greatest example of “Front-running” and hype known to the financial world.

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apppro’s take for 06/28/2014 09:30 am EST

The MUST read SEC letter!

Final Rules Relating to Cross-Border Security-Based Swap Activities

 

Commissioner Daniel M. Gallagher

Washington, D.C.

June 25, 2014

 

But the following quote is what really needs extra attention:

Title VII could have addressed the issue of transparency with a simple and clear mandate for regulatory reporting.  Such a mandate would have resulted in straightforward, smart regulation that we could have implemented four years ago.  But instead, we continue to expend our resources to establish an entirely new regulatory regime – for five percent of the derivatives markets mind you – with extensive registration and compliance requirements.  The rule we finalize today is rational and well-considered given the statutory mandate.  The Dodd-Frank Act, however, as exemplified by Title VII, is misguided and will continue to distract this agency and other important arms of the government for years to come if we let it.”

 

REPEAL FinReg NOW!

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apppro’s take for 06/21/2014 08:30 am EST

WTF Apple?

                Friday’s close brought on a flurry in TwitLand (mostly by me I think-ugh) about this:

This kind of manipulated closes and trading is outrageous and the real reason people think this market is “RIGGED”! I think it’s all about option traders placing huge gambling bets on a stock, in this case Apple closing at $91 by Friday’s close. I also believe there is orchestrated attempt by some CNBC hedgies to make their $85 puts a real money maker. Manipulating closes and using #HFT algo’s during low volume times, can cause a great deal of unwarranted damage. Hedgies then get to sell their options at huge profits while the rest of us sit there with our mouths wide open!  Immediately in after hours Friday Apple cut that flash loss in half, and that is further indication of the manipulation.

                I got a lot of flak about it just being a “rebalancing”. To be perfectly honest, whenever people have NO idea of what happened OR they are actually the ones creating these “flashes”, all I ever hear is the word “rebalancing”. Well, here’s my word for that – BULLSHIT!

                But whatever you want to call it or say caused it, I CALL UPON the SEC to look into it. Michael Lewis’s Flashboys is NOT the reason why the individual investor thinks this market is RIGGED – THE ABOVE CHART IS!

Damn it SEC – DO SOMETHING ABOUT IT!

             Let me also say as a quick add-on that the SEC and the entire market should take a NEW look at all this insane option trading. It is NO longer what it was meant to be and has just become a ‘free-for-all’ for people to gamble SHORT term in the markets and NOT invest for the LONG term in this Nation’s prosperity! Options were meant for ways for companies and large institutions to buy some insurance against their holdings in order get some stability for

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