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Thread: Stock traders corner

  1. #221
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    LOL...good call on selling the puts... C has had a nice run, wish I'd snagged at under $2.00 a share

  2. #222
    I'm buying qqqq and fas calls on weakness this morning. I think this rally is for real. Hedge funds and home investors are showing signs of buying. Good sign of a bottom forming. It's going to be choppy.

  3. #223
    Market's up again. Good sign. C is going down a bit though. Anyone have any idea on how much further it will go down? $1 would be nice. lol

  4. #224


    So does this mean anything important?



    Citi reverse split could keep it in Dow- DJ Indexes


    NEW YORK, March 24 (Reuters) - The chairman of the Dow Jones Index oversight committee said on Tuesday a reverse stock split in Citigroup (C.N) shares may decrease calls for dropping it from the blue-chip Dow Jones industrials index .DJI.
    "A reverse split in Citigroup shares may reduce some of the calls for eliminating it (from the index)," said John Prestbo, who is also the executive director of the Dow Jones Indexes, on the sidelines of an event in New York.

  5. #225
    Suspended Andy's Avatar
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    On the C split, not really at this point.

    I got worried when I read Cramer was pumping banks last night, and this morning ES was getting funky, so I bailed on everything and went to IWM puts. Didnt expect that massive sell off, just as things were getting pegged I bailed on the puts, but that getting pegged got even more so, lol. I even tried my hand at FAZ, but even at 3x, too slow for me, I'll stay with options.

    Interesting recovery EOD, missed that fun as it was nap time for me, but I still managed to get some AMZN puts, I have unfinished business with that thing, and it was the most 'expensive' thing I could think of. Market getting really sketchy now IMO.

    Good luck

  6. #226
    Suspended Andy's Avatar
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    A little bathroom reading:

    Bond Market to Bernanke and Obama: Fuck You


    I guess that 'lil plan to reduce mortgage rates actually did the opposite at first implementation, ruh roh.

  7. #227
    Looks like another good day for the market. Although, the day is far from over. hehe

  8. #228
    Suspended Andy's Avatar
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    spx 875 might be in the cards...I aint buying it though.

    More of the same AMZN's @ ~84.75 today, and opened FSLR puts @ ~152, shoulda just hit the 'ask' at 158 to get filled more, bastard sold off before I got filled, but oh well. That's a sure winner to the upside, lol (and it isnt even in China either) Amazing what low float and an assload of paniced shorts can do, eh?

  9. #229
    Suspended Andy's Avatar
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    If any of you guys are still in this racket... I found this pretty interesting about some of the surprisingly questionable data coming out lately:


    9) Seasonal factors skewing the February data

    To be sure, there have been several data releases in February that have lined up on the strong side of expectations. Caveat emptor on any February data point that is seasonally adjusted at a time of the year when winter weather typically forces most of the country into hibernation. This was no ordinary February. At an average of 37 degrees (F), the month was two degrees warmer than a year ago and four degrees balmier than two years ago. As ML said, almost everyone likes to talk about how the latest data have all of a sudden signaled a turn in the economy, with retail sales, home sales, and this week’s durable goods report. Everyone was so excited about a 3.4% increase in February orders, and it seems as though the headline was taken completely at face value. But again, like so many indicators, the seasonal adjustment factor was extremely aggressive in providing a record boost (in this case) to the top-line figure. ML calculates that if a typical February adjustment factor had been used, orders would have shown a 5% collapse last month. We are still in the process of trying to figure out why this happened – it could be due to the mild weather compared to the last two years. The YoY trend in the non-seasonally smoothed orders data shows that the pace is still testing unprecedented negative terrain (-29%); ditto for shipments (-20%). The durable goods inventory/shipments ratio at 1.88 is close to an all-time high. That spells more production cutbacks and deflation pressure as we move into the second quarter.

    So, we do advise caution here because we have seen a very aggressive set of seasonal factors that made the raw data look extremely strong in February. The seasonal adjustment for new home sales, for example, was the strongest since 1982. For orders, it was the strongest since the data were first released in 1992. The retail sales number in February in non-seasonally adjusted terms was the worst, a 3% decline actually, on record, and yet again a strong seasonal adjustment factor made it look flat … or flattering, we should say. Beware of reading too much into the data in February when a 40,000 raw non-seasonally adjusted housing starts number suddenly becomes a headline seasonally adjusted figure of 583,000 at an annual rate.

    <plucked from here>



    Now they wouldnt be lying to us again, would they?


    Anyhoo, Friday I tried to get some more FSLR puts on that parabolic ramp up, and the bastard sold off yet again before I got the fill. Oh well, I got enough crap in place for the month. We'll see how this plays out.

    BTW...anyone think GM is going under? Seems all these extensions and delays are just prolonging the demise. I know GM really isnt doing much right now to boost sales...I dont see anything that I would jump on coming out of them, and for that matter, a guy at work was bringing up a point of "Do you know anyone who bought a new car lately?" Good point, hmm.

  10. #230
    Andy,

    GM is not going to go bankrupt. Because this administration loves unions. And their going to pretent to play hardball but will do what ever they can to keep them around.

    They recently came out and said they wanted the right to takeover any company they feel that might have a bad effect on the economy. Their just setting the country up to be taken over by the socialist party (democrates).

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