Tuesday, 14 July 2009

tick, tick, tick, tick....


and the Anglo-Saxon capitalist model is the one that's broken?? FFS! French workers threatened to blow up a plant unless each of the works were given EUR33k each in redundancy? riiight, sack them on the spot and then charge them.

The markets ripped higher yesterday, it appeared as if the rally was driven by Ms. Whitney's "BUY" note on Goldman, the Raven heard quite a few funny comments to the effect that she was a one hit wonder by a few bears licking their wounds, he's waiting for the announcement today that her new firm is getting bought out by GS in an all stock deal.

On that move the Raven quickly reduced his short positions, although he's still hurting from his PUB and ETI shorts today as some of his longs lagged the market rally.

The Raven covered his Northgate short yesterday, its a dog of a company that clearly is in need of some cash, he's just more shocked that shareholders are prepaired to respond to this cash calls, he know's he wouldn't double down on this business model.

Plenty of earnings this week so hard hats all round...

L: 49% S:17% G: 66% N: 32% ~ $D 0% $G 0% $V 0% $P 0%

No comments:

Post a Comment