Lots of bad news hit yesterday: alt-A problems, Poole's big mouth, ISM prices paid number, etc. But the major indices closed UP. A market that goes up on bad news indicates the path of least resistance is up.
PS: 10:53 AM EST - I am selling those S&P calls I recently bought on the dip. I want to be 200% net long on the dips, not the rips. Also, since I had April's, the time decay is pretty strong now. I'll look to remount later in June calls. Still long & strong, though.
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34 comments:
its amazing, but u r right.
i guess that whole concept of high than tolerable inflation with slower than expected growth isnt the recipe for a trainwreck like the text books say
who is jealous of my 10k CEGE sh at 4.05
doh!
oooh. ugh!
That does make sense Bunkerman. But I do think the alt-A problems are just beginning. We shall see. Some alt-A stocks I am watching......DSL FED NDE STI.
id love to say im short the FED
offered 2500 to gods at 4.90
please die CEGE, for the love of jerry, take a dirt nap. raise some money, blow up, goto 2. lol
r bushs's parents brother and sister? lol
so bush gets asked y gas is higher and he responds becuase oil is up,a nd some other lies.
crack spreads went way up before oil. but he chose not discuss or just unaware, ie stupid.
i tried to put out 2500 CEGE near 5 and IB had none. rut oh
ROFL "dont ask dont tell"
erics NM looks decent
It's on mute here - I can't bear listening to him anymore.
more lies. we aint any safer here than before 911. a women got through security, at an airport, with a gun over the weekend. she reported it after the fact and was arrested.
as the days go one, until he is out, we r almost stuck with a dictator. "yeah i listen to everyone who tells me im wrong and then do i what i want. TASTE IT!"
hes insane and getting worse
Bush is either a liar or he is delusional. In both cases, makes him one of the worst presidents in our history. Every time he speaks makes me wanna puke.
Ditto Bud re the puking & being one of the worst Presidents ever. My reasons differ but the conclusion is identical.
Hurrah!!!...We agree!....Uh oh......kind of makes me question my thinking when the Bunkerman and me are in agreement. Let's not make it a habit.
Hmmm, well, I think it means that it's absolutely, completely and irrefutably true, if we can reach the same conclusion from completely opposite lines of reasoning. ;-)
well, we probably agree on some of the reasons, such as profligate spending, etc.
ugh took the cege loss for 9 grand
boy the CEGE shorts r getting rammed. and what stinx its gonna blow up and i wont be able to get any. but cant take the pain, stock up another 20 cents already
meanwhile my long term pick is doing just fine SLV and VE
i sux
ugh. Shorting is a tough game.
geesh juszt flipped 5k long almost 40 cents. the shorts must be dying. u still cant get any at IB.
news is meaningless so i guess 6 on close?
opps shud have held. man!
geesh flipped another 4k for 20 cents. the buyers r relentless on this pos
i was kidding about the close at 6, but i dont understand waht cantor is saying. they r saying the FDA cud give this product a nod when they review the DNDN app in may?
ive read a lot about this and it doesnt seem plausible the DNDN product is approved until 2009. all the panel said was "its safe". ive seen panels say that and the FDA say we need more data.
not that it matters today. just mark it, and kill the shorts
lots of day traders play that game, "Kill the Shorts". THat's one reason shorting those type of stocks is tough. You need really bad news that makes the institutions dump it.
not pretty but slutting my way back long CEGE short JTX
JTX looks really bad, fundy wise
i disagree. u just need no news. i shorted NVAX yesterday, and without news that going to 2.50. u just need a day or two where the longs get bored and move on.
my mistake was not respecting the hammer yesterday. over the weekend i went through a lot of small priced shorts, and noticed if i had just been patient an extra day or two i wud have made plently on almost everyone. so i got patient on CEGE and bit the pillow.
at least i got out at .90 ish and went long. cud have lost 16k today instead im down 5, which still sux but when i was down 16 i was on the ledge.
CEGE is done. and i cant get any.
jmo
coverd half the JTX im barely down.
what a crazy day.
i guess i picked the wrong day to stop sniffing glue, popping pills and drinking.
ugh
i lost a grand today. LOL
god bless JTX, im out
You're certainly right. I stink at ST shorts. That reversing play you did was a good one - I keep thinking, "I shoulda done that" on losers. Tough for me most times; I usually just am disgusted and take it of my screen. Dumb.
when u stink as bad as me, fading yourself is essential for survival.
d'oh
let me make 700 back and ill be break even after starting down 16k
now if i can just lose the starting down 16 part and make 15 a day, then id be in biz
that last JTX sh did it, flat on day, like it never happend
URZ uranium
URRE too
CCJ nice k man
Countertop guys here - four hours late. I guess they stopped for a card game somewhere. Grrr.
Peace.
up 400 today
long and strong here, longs r doomed. id say, for me, today one of the top 5 craziest days in 14 yrs.
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