brian4 Posted February 26, 2003 Report Share Posted February 26, 2003 You are right Piles-your goobermint at work-this is the pre war ramp as I speculated earlier-"by the rockets red glare" Trade Safe! Link to comment Share on other sites More sharing options...
wndysrf Posted February 26, 2003 Author Report Share Posted February 26, 2003 Pile: Debka reporting Russia brokering a rescue of Saddam, Germans heading over tomorrow to work out a bailout plan and asylum to avert war. Announcement to come tomorrow afternoon.... Link to comment Share on other sites More sharing options...
Guest Posted February 26, 2003 Report Share Posted February 26, 2003 Tug of rope going on between the options and futures pits: SOURCE: Technical Analysis: Lower Highs, Higher Lows by Paul Shread "...a word about some of the forces at play here, not the least of which are the international events whipping the market around with every rumor. There are a lot of shorts in this market, with March puts outnumbering calls by 100,000 at both the 24 and 25 QQQ strike prices; those shorts are providing fuel for every rally. On the other hand, March futures positions are under water about 4% at current levels, so every rally is also an excuse to sell. In short, a volatile combination of forces that could make for a rocky market through the March 21 expiry." Link to comment Share on other sites More sharing options...
mobhasmorescruples Posted February 26, 2003 Report Share Posted February 26, 2003 I am shorting ZMH with a vengeance...only thing holding it up are the 45 puts which are for march....a 7 percent rally cant keep me from shorting stocks with 15 percent earnings growth trading at 30 times end of 04 earnings Link to comment Share on other sites More sharing options...
Oilman Posted February 26, 2003 Report Share Posted February 26, 2003 Everyone at my work finally capitulated today. They finally gave in to the truth. The market can and will not reach bottom until excess wealth is destory. Oilman Link to comment Share on other sites More sharing options...
Guest Posted February 26, 2003 Report Share Posted February 26, 2003 We've got a weak bounce situation here today, more or less sideways trading action. I closed out 2 puts yesterday for good profits and bought another one. Will suss out 1 more before close today, poifect day for put hunting, nice and stable. Other than that not a lot to report.... Link to comment Share on other sites More sharing options...
Guest Posted February 26, 2003 Report Share Posted February 26, 2003 Check this out -- latest insurance blowup, ANR, down 73% in one day! Link to comment Share on other sites More sharing options...
Sphinxter Posted February 26, 2003 Report Share Posted February 26, 2003 I need some help. It's obvious to me that the goobermint is intervening, but I can't figure out how they do it. Do they print up a bunch of digital US Treasony notes and buy qqq's with them? If so, how do they back them out without expanding M3? Lastly, how many $B are we talking about to accomplish today's action? 1? 10? 25? 50? 100? Pile- the new moon insight was priceless - had the complete ring of truth. However, I'll nibble for 2 puts on Iraq but settle me in for a full 200% short on North Korea. Link to comment Share on other sites More sharing options...
SupplySider Posted February 26, 2003 Report Share Posted February 26, 2003 I think what Bears hate most is not the inevitable cyclical rallies within secular bear markets. But, rather the unpredictable flag pole jams by Al & Co. If the stock market were as free to flow on the downside as it is on the upside, it would be a lot more pleasant. Not to mention a lot more healthy for the market - versus the constant intervention that only serves to prolong the inevitable decline necessary to shake out the excesses culminating in the Bubble Years. Link to comment Share on other sites More sharing options...
wndysrf Posted February 26, 2003 Author Report Share Posted February 26, 2003 Ord says way too many bears, lot of them will get blown out on a coming shakeout: 17 minutes into the broadcast using RealOne Player: TFNN Link to comment Share on other sites More sharing options...
Ned38 Posted February 26, 2003 Report Share Posted February 26, 2003 Windy I just read that DEBKA file article. The plan allows Hussein to stay on as a sorta lame duck president for a year/ keep his plunder/ and move freely about, while they diddle around looking to destroy and disarm bombs and chemicals. After everyone is happy he will live in an internationally protected palace near Tikrit. uhhhhhhhhWhile I can see this rumor/info juicing the matrix I don't see how such a scenario is different than the one we have today where he is president-moving freely around-keeping his money-while they look for weapons-being essentially protected by certain internationals. LOL Link to comment Share on other sites More sharing options...
coboy Posted February 26, 2003 Report Share Posted February 26, 2003 Does anyone know how good is that "Zapata George" ? He's a funny guy, have some good points.. Talked about 194K shares insider selling in SLM.. Ike Interview Sounded like Ike didn't really agree with him.. Link to comment Share on other sites More sharing options...
wndysrf Posted February 26, 2003 Author Report Share Posted February 26, 2003 Coboy: Zapata is correct. Two large insider sales on SLM reported in last weekend's Barron's. Link to comment Share on other sites More sharing options...
Tig 'Ol Bitties Posted February 26, 2003 Report Share Posted February 26, 2003 anybody know best way to play canadian $ or aussie $(i have FAX) or Yeni tried punching in CANDLR1 for can$ on etrade..no luck.. anyway to buy currency through etrade or ameritrade..dreaming i guess Use everbank.com and set up a world currency savings account. Charge about 100 basis points for the transaction which aint bad. Aussie $ are good, Canadian bonds are also approved by the man upstairs. Ameritrade is no help, sorry. Link to comment Share on other sites More sharing options...
Hypertiger Posted February 26, 2003 Report Share Posted February 26, 2003 Supply If the stock market were as free to flow on the downside as it is on the upside prior to 2000 the FED jammed it on the way up... They are "the plunge protection team" not the "bear market prevention team" they are the milkmen... Since real estate is becoming a topic here's what it looked like in the way back machine... Link to comment Share on other sites More sharing options...
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