It appears that a few things are at work here:
1) The unwinding of the Yen carry trade, which I understand but haven't put the time in to determine the impact on our markets.
2) Heightened risk aversion (flight to quality).
3) And the sub-prime lenders' woes (see the following article by Doug Kass)
http://www.thestreet.com/pf/newsanalysis/investing/10342097.html
None of these three will be resolved for at least a few more sessions. I also consider the fact that everybody has been on air saying that the economy is fine and the sky isn't falling is a contrary indicator. When I discovered the QIDs the other day I jumped in at $55. I wish I knew of them earlier in the morning.
SMS
1) The unwinding of the Yen carry trade, which I understand but haven't put the time in to determine the impact on our markets.
2) Heightened risk aversion (flight to quality).
3) And the sub-prime lenders' woes (see the following article by Doug Kass)
http://www.thestreet.com/pf/newsanalysis/investing/10342097.html
None of these three will be resolved for at least a few more sessions. I also consider the fact that everybody has been on air saying that the economy is fine and the sky isn't falling is a contrary indicator. When I discovered the QIDs the other day I jumped in at $55. I wish I knew of them earlier in the morning.
SMS
No, but I use dawoofdaddy on aol instant messenger. Not on now, but will be on all evening during cbb games. mods should have my email. I still have your business card from the bash. Is that information still current? 972 phone #?
The market again took down alot of tech and financials late in the day.
any thoughts on monday or downside targets for SP 500
ive had 1360 circled for a while..........
a 10% correction, would take us to 1320....... any thoughts on the correction going this steep......
the attitude of buying dips, has temporarily switched to "sell any rally"..
im not a bottom picker, so ill continue to sell the rallies, until we see several higher highs made........
ive had 1360 circled for a while..........
a 10% correction, would take us to 1320....... any thoughts on the correction going this steep......
the attitude of buying dips, has temporarily switched to "sell any rally"..
im not a bottom picker, so ill continue to sell the rallies, until we see several higher highs made........
Woof qucik question regarding puts/calls
A) Do you play that "game"?
B) If so you know how high I am on SSRI after you suggested looking into to it...I;ve done my research(and have accrued a nice position...accumulating more as the price has come back down) and find value in the June 07 25 and 30 calls....Do you have an opinion??
A) Do you play that "game"?
B) If so you know how high I am on SSRI after you suggested looking into to it...I;ve done my research(and have accrued a nice position...accumulating more as the price has come back down) and find value in the June 07 25 and 30 calls....Do you have an opinion??
Joe, just get long precious metals sector and stay long. I dont worry about options and other stuff like that, but if you are interested in speculating like that go ahead. I should probably research options more, but just havent found time yet.
Nasdaq weak again late today. Another day or so of this type of weak piss poor action and market should really start tanking.
More people will be receiving margin calls in am.
Best thing right now is to remain short nasdaq and sit tight.
The subprime lenders tanked again today and matter of time before that spills over to larger banks and rest of market and economy.
:drink:
Nasdaq weak again late today. Another day or so of this type of weak piss poor action and market should really start tanking.
More people will be receiving margin calls in am.
Best thing right now is to remain short nasdaq and sit tight.
The subprime lenders tanked again today and matter of time before that spills over to larger banks and rest of market and economy.
:drink:
WOOF......Thanx for your opinion....Another one of my "PUTS" is BKS Barnes and Noble......I have been sour on this stock for a long time...FISHY buisness with giving options to there "board" and that has not even surfaced...I hace puts for BKS 40 and 35 for both March 17 and April 17th....Suffice to say today was an awesome day.......Anyone looking for a stock to go south look no further as today they say LOW estimates off the analyst mark by a wide margin.....this is the tip of the iceberg for Mr. Reggio and company...they have been "stealing from the cookine" jar for a long time and it has caught up to them this time......Next point of resistence will be 32.....If I can get by that it will be 29.......And for that I could not ask for anymore.....Does anyone have a feel regarding this company......Look for INSTANT downgrades to come as soon as Wed......Just last week they got TWO upgrades....How do those analysts feel just one week after upgrading they are down 11% in one day.....Can't keep a buy on this company now....have to downgrade and then look for the stock to approach the number 32...Earnings are March 17th....Those we know will be low.....I suspect 2-3weeks after that they will anounce the "options scandel"......And for another great tid-bit they STILL have NOT announced the ACTUAL 3rd quater earnings which they released in Oct????
looks like some hedge funds basically long financials is taking gas. look at the drops in the brokers and money center banks.
the big number for the dow is about 40 points away. 12040 may be a support for awhile dont get crazy here. its still option week. remember bulls and bears make money pigs get slaughtered. regards heartr222
the big number for the dow is about 40 points away. 12040 may be a support for awhile dont get crazy here. its still option week. remember bulls and bears make money pigs get slaughtered. regards heartr222
