저자: Options Trader · 외국인
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welcome to wall street confidential i'm aaron task joined again by jim kramer jim welcome good to see you thanks for being here uh there's a lot of economic data today but i want to talk about something else first again today we have the misdirection from the future the future is pointing up market and as of right now sucks it down again is this just because it's the holiday period that we're seeing this you know a lot of times when i was short at my hedge fund and i was positioned short meaning i needed it down up i would uh create a um a level of activity beforehand that could drive the futures it doesn't take much money uh similarly if uh or if i were long and i would want to make things a little bit rosy i would go in and take a bunch of stocks and make sure that they are they're higher you know maybe commit five million in capital to do it and i could affect it uh what you're seeing now is maybe it probably is bigger market now maybe you need 10 million capital to knock the stuff down but it's a fun game and it's a lucrative game and you you can move it up and then fade it that's all often creates a very negative feel so let's say you take a longer term view intraday and you say listen i'm going to boost the futures and then when the real sellers come in real market comes in they're going to knock it down it's going to create a negative negative view that's a strategy very worth doing when you're about when you're valued on a day-to-day basis and i would encourage anyone who's in the hedge funding to do it because it's legal right and it uh it's a very quick way to make money and very satisfying okay um by the way no one else in the world would ever admit that but i do care that's right and you can say that here i can't i'm not going to say it on tv um well i don't really know there's so many more hedge funds today than when you're managing your heads right do you think that that does that exacerbate the moves or does it make it the hedge funds are positioned long short okay not just loan with mutual funds so it's really vital these next six days because of your payday you've really got to control the market you can't let it lift when you get a research in motion it's really important to use a lot of your firepower to knock that down because it's the fulcrum of the market today so let's say our uh i was short what i would do is i would hit a lot of guys with rim now you can't ferment that's a violation of remember yeah you can't foment you can't create a yourself an impression that a stock's down but you do it anyway because the sec doesn't understand it so yeah i mean it's that's the only sense that i would say this is illegal but a hedge fund that's not up a lot really has to do a lot now to save itself so um this is different from what i was talking about at the beginning where i would be buying the cues and stuff this is actually just a blatantly illegal but when you have six days and your company may be in doubt because you're down i think it's really important to ferment if i were one of these guys for men and oppression that research in motion isn't any good because research in motion is the key so you know you would you would hit this guy and that guy when you would see an offering when you see a guy's bidding you wipe out that guy very quickly what i used to do um was called if i wanted to go higher i would taken bid taking bid taking bid um and um if i wanted to laura i hit an offer hitting off or hitting offer and i could get a stock like rim for maybe that might cost me 15 20 million annie to knock rim down but it would be fabulous because it would beleaguer all the longs who are also keying on research in motion we're seeing that that's you know again when your company's in the survival mode it's really important to defeat research in motion and get the pazani's to the world and people talking about it as if there's something wrong with rim then you would call the journal and you get the bozo reporter and research in motion and you would feed that there's a palm's got a killer it's going to give away these are all the things you must do on a day like today and if you're not doing it maybe you shouldn't be in the game okay another stack that a lot of people are focused on right now seems to be apple yeah apple's very important to spread the rumor that um that both uh verizon and bel and att have decided they don't like the phone right that's a very easy one to do because it's also you want to spread the rumor that it's not going to be ready for mac world and this is very easy because the people who write about apple want that story and you can claim that it's credible because you spoke to someone at apple because apple isn't and it doesn't right they're not going to comment they're not going to so it's really an ideal short and i would again if i were a short apple i would be working very hard today to get that and the way you would do that is you pick up the phone you call six trading desks and say listen i just got the phone with my contact of verizon he has already said listen we're not we're a lucky g house uh we're samsung house we we're a motorola house there's no room for apple they want too much that we're not going to let them in this is not we're not going to let them do what they did to music and you know i think that's a very effective way to keep a stock down right i might also by the way because the stock at 84.85 a little bit of capital you go buy some january 80 puts that makes it look like there's going to be something going on so maybe you give morgan in order to buy a thousand jan80 puts then you go position limit with uh you know you use a hat firm that doesn't know what that can do maybe go to ubs for puts and you just kind of create an image that there's going to be news next week and that's going to frighten everybody and you they all go out and say large put buyer uh ubs then they call pizani again you have to use those guys and say listen i'm about you know i see a big buyer puts and i'm told that it's like it's sac you would do that too um and these are all uh what's really going on under the market that you don't see right nobody else talks about right so what's important when you're in that hedge fund mode is to not do anything remotely truthful because the truth is so against your view right that it's important to create a new truth to develop a fiction and um the fiction is developed uh by almost anybody who's down like two percent up six percent here you can't take any chances you can't have the market up any more than it is if you're up six because starting jan two you'll have all your money come out so what would you do if you're in that situation and you feel like you're desperate is that you would do these actions so you're talking about the mechanics of the market yeah much more important than fundamentals okay well but in terms of the fundamentals you've been writing about how you think about the fundamentals research promotion just blew out the quarterback but look what people can do i mean that's fabulous thing the great thing about the market is there's nothing to do with the actual stocks right now look over maybe two weeks from now the buyers will come to their census and realize that everything that they heard was a lie but then again fannie mae lied about the earnings for six billion dollars right it's just fiction in fiction and fiction and i think it's important for people to recognize that the way that the market really works is to is to have that nexus of of hit the brokerage houses with a series of orders that can push it down then leak it to the press um and then get it on cnbc that's also very important and then you have a kind of a vicious cycle down right it's a pretty good game and it can be played you pay for percent or two right and then you get long before macworld and the expectation that the iphone is going to be great right and then you go about you gotta use the other side yeah you know there's a case where i would say the january 80 puts can be justified because after i've knocked the stock down to 80 i can buy a lot of common and then you play it right in the macro where they'll probably introduce the phone and verizon's going to take it
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