Guest Posted June 4, 2003 Report Share Posted June 4, 2003 The sideways chop so far. We've gained today what we lost yesterday *yawn*. Back in Amsterdam mode watching grass grow.... Link to comment Share on other sites More sharing options...
Guest Posted June 4, 2003 Report Share Posted June 4, 2003 What a totally boring day. The ticker barely moved across the top of the screen with the All Ords oozing sideways after an initial short lived burst upwards. There was a fair bit of red on my screen but something must have been moving because we closed +4.7 (+0.2%). Golds down. I mentioned on IDS last night that I have short signals on a couple of them... http://biz.yahoo.com/rf/030603/markets_aus...a_stocks_4.html "There is a bit of anxiousness about economic growth with the latest data," said Macquarie Equities Director Lucinda Chan. Australia's economic growth rate fell below three percent for the first time since 2001, but remains well above that of its major trading partners despite the ongoing fallout from a severe drought. Treasurer Peter Costello warned that the June quarter would be tough." Asia all over the place; no one knows whether they're Arthur or Martha at this stage... Link to comment Share on other sites More sharing options...
alceringa Posted June 4, 2003 Report Share Posted June 4, 2003 Yoo-hoo world markets Uncle Buck Spoo-Hoo's- Nasty- Globex Flash Quotes Link euroland Jo-burg Miners Here After Hours-USA AM Market Call By CNNMoney Bloomberg Link to comment Share on other sites More sharing options...
The brown one Posted June 4, 2003 Report Share Posted June 4, 2003 Moanin' from A'dam(abbreviation used by natives for Amsterdam).Sound's a bit unsalubrious,so I'll use this shortened form in the future! Yep,today the range is getting narrower.But I suppose I should be glad for a couple of reasons: 1.The longer it goes on the more chance there is of an explosive move up or down. 2. Three-month options are getting cheaper,so for not a lot of money,I can straddle the index for October. I'm sure it will move one way or another before then! If it doesn't then I think you'll see pictures of brokers and similar types jumping out of windows from sheer boredom. They do still manage to keep the index levitated above its log-downtrend line at 282.I suppose this also has something to do with the massive number of open put positions at 260! On M2M last night some stoolies were discussing the availability of free credit on credit cards in the US.Well, I know how they can do that-they charge Europeans with the same cards between 15 and 20% interest.Wanna loan here,pay 8-10% interest and if you don't have a house as security then you don't get a loan.The banks here must be raking it in! As I write, the market has gone up by a full 2 points-wow. One of the biggest gainers today is van der Moolen (market maker and specialist on NYSE).They've added about 30% in the last few weeks.So either this is telling me something about stocks in the near future or there's a lot of open short interest in vander Moolah(as Doc call it).These are the last people that are going to pay out on option contracts! The fix is everywhere.The thieves are all around. Link to comment Share on other sites More sharing options...
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