DrStool Posted July 11, 2008 Report Share Posted July 11, 2008 Inventory in. Shill it in the media. Inventory out. Wall Street's efficient market. Link to comment Share on other sites More sharing options...
DrStool Posted July 11, 2008 Author Report Share Posted July 11, 2008 If the Fed confirms this over the weekend, the first reaction will be a rally, I guess. Then what? If the Fed doesn't confirm, then what? Link to comment Share on other sites More sharing options...
Drano Posted July 11, 2008 Report Share Posted July 11, 2008 um. RUT 4.51 in the green while everything else is red. Link to comment Share on other sites More sharing options...
Jetlag Posted July 11, 2008 Report Share Posted July 11, 2008 SDS Highest closing price this year, Last time it closed above 70 was March 10th, 5 trading days before a bottom. Link to comment Share on other sites More sharing options...
Grand Poopercycle Posted July 11, 2008 Report Share Posted July 11, 2008 um. RUT 4.51 in the green while everything else is red. 672924[/snapback] Other small-crap indexes up, too. They did peak later-June 5th, though % drop from their highs, so far, is similar to SP5's from May 19. Link to comment Share on other sites More sharing options...
Grand Poopercycle Posted July 11, 2008 Report Share Posted July 11, 2008 If the Fed confirms this over the weekend, the first reaction will be a rally, I guess. Then what? If the Fed doesn't confirm, then what? 672923[/snapback] Any chance you can go ahead & get market update posted soon- leaving rest of weekend free & clear -looking for a read on train home later. Link to comment Share on other sites More sharing options...
Bungster Posted July 11, 2008 Report Share Posted July 11, 2008 MrHanky, Any idea why the gamblers went lower today...with the exception of WYNN....???? TIA Link to comment Share on other sites More sharing options...
MrHanky Posted July 11, 2008 Report Share Posted July 11, 2008 Ok ladies and gentleman.........I am a HUGE IDIOT!!! I had a gtc for 2000 MGM I put in over 2 months ago at 25.20....Totally forgot to cancel it. I found out I owned it this morning when it was trading about 22.00 When I found out I tried not to panic and put in a limit to sell @ 25.48 for the day...Had to run out for a bit and saw it traded 25.47 and my sell was missed by ONE DAMN PENNY! Did not think the market would hold and sold it at [email protected] a little while later...took the $400 loss ..Not bad considering I was down over $6,000 this morning. I need a xanax,a valium and a bottle of Patron..... Link to comment Share on other sites More sharing options...
itiswhatitis Posted July 11, 2008 Report Share Posted July 11, 2008 Ok ladies and gentleman.........I am a HUGE IDIOT!!! I had a gtc for 2000 MGM I put in over 2 months ago at 25.20....Totally forgot to cancel it. I found out I owned it this morning when it was trading about 22.00 When I found out I tried not to panic and put in a limit to sell @ 25.48 for the day...Had to run out for a bit and saw it traded 25.47 and my sell was missed by ONE DAMN PENNY! Did not think the market would hold and sold it at [email protected] a little while later...took the $400 loss ..Not bad considering I was down over $6,000 this morning. I need a xanax,a valium and a bottle of Patron..... 672929[/snapback] What is Patron selling for in your neck of the woods? Bot some last week for $45 (silver)...just curious. Link to comment Share on other sites More sharing options...
Drano Posted July 11, 2008 Report Share Posted July 11, 2008 Ok ladies and gentleman.........I am a HUGE IDIOT!!! I had a gtc for 2000 MGM I put in over 2 months ago at 25.20....Totally forgot to cancel it. I found out I owned it this morning when it was trading about 22.00 When I found out I tried not to panic and put in a limit to sell @ 25.48 for the day...Had to run out for a bit and saw it traded 25.47 and my sell was missed by ONE DAMN PENNY! Did not think the market would hold and sold it at [email protected] a little while later...took the $400 loss ..Not bad considering I was down over $6,000 this morning. I need a xanax,a valium and a bottle of Patron..... 672929[/snapback] You're not alone. I went to close my scalp on Q calls and hit buy instead of sell. Panic moment till I got the trade cancelled (and was VERY lucky I was able to get it in without getting filled). At least it wasn't a 100 million $ mistake like that time somebody at a big brokerage supposedly hit the wrong button. Link to comment Share on other sites More sharing options...
Grand Poopercycle Posted July 11, 2008 Report Share Posted July 11, 2008 Ok ladies and gentleman.........I am a HUGE IDIOT!!! I had a gtc for 2000 MGM I put in over 2 months ago at 25.20....Totally forgot to cancel it. I found out I owned it this morning when it was trading about 22.00 When I found out I tried not to panic and put in a limit to sell @ 25.48 for the day...Had to run out for a bit and saw it traded 25.47 and my sell was missed by ONE DAMN PENNY! Did not think the market would hold and sold it at [email protected] a little while later...took the $400 loss ..Not bad considering I was down over $6,000 this morning. I need a xanax,a valium and a bottle of Patron..... 672929[/snapback] Actually, sounds like you handled a bad situation pretty well. Link to comment Share on other sites More sharing options...
MrHanky Posted July 11, 2008 Report Share Posted July 11, 2008 MrHanky, Any idea why the gamblers went lower today...with the exception of WYNN....???? TIA 672928[/snapback] Wynn announced a buyback which is about 30% of the float from what I read... The rest followed...for a while,MGM and WYNN bounced in an area of long term support,but don't think it will hold for long. This market is on total heroin...everything having 15% intraday swings.Glad I'm flat after the near miss of almost loosing some big bucks today....Unreal how the market was down about 250...then up,then back down. One thing I learned....A stock is only worth what the next idiot is willing to pay for it! Link to comment Share on other sites More sharing options...
Drano Posted July 11, 2008 Report Share Posted July 11, 2008 Growth Fund of America (AGTHX)? (-9.8%) Fidelity Contrafund (FCNTX)? (-10.5%) Dodge & Cox Stock (DODGX)? (-18.4%) Fidelity Magellan (FMAGX)? (-15.5%) Vanguard 500 Index (VFINX)? (-13.7%) Source: Morningstar. Leading mutual funds, negative returns year to date. No, the average person isn't feeling pain. Source Link to comment Share on other sites More sharing options...
MrHanky Posted July 11, 2008 Report Share Posted July 11, 2008 What is Patron selling for in your neck of the woods? Bot some last week for $45 (silver)...just curious. 672930[/snapback] About the same here....They actually have it at Sam's club. Anyone up for shot's...it's been one of those days Link to comment Share on other sites More sharing options...
Drano Posted July 11, 2008 Report Share Posted July 11, 2008 About the same here....They actually have it at Sam's club. Anyone up for shot's...it's been one of those days 672935[/snapback] Here you go, I'll buy you one. Link to comment Share on other sites More sharing options...
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