Wednesday, March 28, 2007
Pray for Me ;-)
I bought some S&P 500 calls just now & put in a bid for more. I wanted a dip & I figure this a just that. The cash & futures are close to the top of the "W" bottom. I bought calls instead of futures in case a war starts in the Gulf. I don't think that will happen, but the governments of both sides (Iran & US) seem very off-balance lately. Call me paranoid. Pray for me ;-)
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9 comments:
briefing suggests yesterdays spike in crude was a fat finger print first, then the rumor popped up.
with groosman at the helm, you r probably right. the bears have nothing
Q's green, nice call.
im letting some of my longs go here. man grossman stinx
what is that piper analyst thinking downgrading AAPL, that was a gift. that probably sees some buying before the end of the week ;-)
wow im putting myself into the "virtual slut" category, and i go to the church of whatever works over the next 15 minutes.
boy the sure talk tuff, but alas i think thats all they can do, becuase of our debt laden society.
ben will probably suggest rates r going higher, when he cuts 50 bips.
i think the long end is starting to see it for what it is. inflation is going higher and the fed cant stop it.
im short and holding. unless iran frees the sailors overnite, asia down (on bens speech, europe weak, and we open weak). then probably go up for 200 pts, just becuase.
$ndx1770 back to fool both the bulls and bears....just what a good bear should do. Bud, mern and krypto...what up?
Back to cash, this is one tough market, brokers have ugly charts, no need to tough it out
Without a close under the followthru day open price, the rally is intact & this is just a normal reaction.
I really think one has to key off the closing prices to eliminate the impact of the huge funds in virtual buyers/sellers. Most of those close out trades by the end of the day & get neutralized. So closing prices mean much more than intraday swings. I use two consecutive closes to get rid of the influence of even more virtual buyers & sellers.
Imho the trend is determined by the real buyers & sellers with longer time horizons. It's very tough to out-trade a computer with a microsecond reaction time paying zero commissions (such as a Street black box trading machine).
Anyone one must always follow the boxing instruction: "protect yourself at all times"
You have to survive. No medals for trading "heros" who are KIA.
Brokers fed well off the beefer trading bubble for years. They might have a lot of pain to go as many beefers get liquidated & commissions dry up.
Plus all those underwriting fees from the CDO/CLO/CBO binges. Plus the fees from idiotic private equity financings. Tough sells after they blow up their clients.
frosty and si. nice to hear from u freaks!
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