machinehead Posted February 14, 2003 Report Share Posted February 14, 2003 A crisis long anticipated is, by definition, priced into the market already. It's only the unexpected crises which trigger a news-related plunge. The full-scale war-and-terror psyop that we've been treated to this week is already priced in. I flat don't believe that shit. When the reality turns out less bad than the media-induced worst-case fantasies, a sigh of relief will be forthcoming. image courtesy of http://www.guardian.co.uk Link to comment Share on other sites More sharing options...
SupplySider Posted February 14, 2003 Report Share Posted February 14, 2003 I wish people would stop posting overly wide charts. I have a big ass monitor and I still have to scroll left-right to read most of the messages here. Please be considerate to your fellow Stoolies. Link to comment Share on other sites More sharing options...
MyGoldenStool Posted February 14, 2003 Report Share Posted February 14, 2003 Oh man- talk about a double whammy! I think I've got the flu and Dumb and Dumber have on Snowjob as the featured guest. Where's that barfing smiley, anyway? :shocked Link to comment Share on other sites More sharing options...
Tig 'Ol Bitties Posted February 14, 2003 Report Share Posted February 14, 2003 Put/Call notes... Composite p/c 21 day moving average has reached the 0.90s finally. I have a target of 0.94-0.96 to cover and go long and the DELL news after the close has done nothing to change my view. Equity p/c 21 dma is at 0.77 and getting close to where I want to see it. Interestingly enough this is the same spot where options trading sat on 9/21/01. Back on 10/9/02 this figured reached 0.79. I have to go with Bernie Schaeffer and his organization's determination that the large put QQQ buys that took place on three days the past two weeks somewhat invalidates this reading as of late. Another important observation...even with today's composite p/c of 1.18, 62% of new open interest at the CBOE were calls. Believe it or not, as we get closer to bounces this figure rises which doesnt make much sense to contrarians, but that's how it has worked in the past. The p/c of all open interest fell from 0.7534 to 0.75214 today as well, still well above where it has been tracking all of last year. Link to comment Share on other sites More sharing options...
SupplySider Posted February 14, 2003 Report Share Posted February 14, 2003 ge actually only hit 21.82 at the lows today,maybe you got a bad print. 2/13 open 23.00 high 23.10 low 21.30 close 22.17 Link to comment Share on other sites More sharing options...
Charliss Posted February 14, 2003 Report Share Posted February 14, 2003 *a sigh of relief will be forthcoming.* MH, By this do you mean a rally? Link to comment Share on other sites More sharing options...
machinehead Posted February 14, 2003 Report Share Posted February 14, 2003 At least a socio-cultural sigh of relief. A rally? Hell, why not. Link to comment Share on other sites More sharing options...
martialcomp Posted February 14, 2003 Report Share Posted February 14, 2003 Good move on the purchases Mark. I try to pick up a little silver every 3 months or so. Everyone pays a heck of a premium on Silver Eagles over spot...But if the crap hits the fan, a Silver Eagle will make an ideal barter coin. It has a face value of one dollar and I feel it would be more highly favored in a barter/silver/gold economy. It has the United States of America printed right on it, as a result, I feel that people will be less apt to question its authenticity. Also, where you bought is one of the cheapest places for Silver Eagles out there. Lots of 100 are less there than anywhere else I have seen. I sometimes do not buy Eagles though...sometimes I buy pre 1965 American coins in mint condition in rolls because they are actually a better value sometimes. Pre 65 Kennedy halves .36169 ounce fine silver. Pre 65 Washington quarters .18084 ounce fine silver. Link to comment Share on other sites More sharing options...
Dustbowl Posted February 14, 2003 Report Share Posted February 14, 2003 It's snowing on Dumb & Dumber. Corporations are good, individuals are bad. Link to comment Share on other sites More sharing options...
summoner Posted February 14, 2003 Report Share Posted February 14, 2003 dire have purchased all my gold in your neck of the woods from usagold...very professional and lowest prices over spot i could find...good luck...no position changes today...ebay and amgn starting to rollover. Link to comment Share on other sites More sharing options...
Tig 'Ol Bitties Posted February 14, 2003 Report Share Posted February 14, 2003 Bullish percentage index charts not sufficiently ugly enough either, with the possible exception of the DJIA (which since it is only 30 stocks responds much faster). Link to comment Share on other sites More sharing options...
SideshowBob Posted February 14, 2003 Report Share Posted February 14, 2003 That interview is a bit scary-sounding. The geopolitical tension right now is amazing. Everybody's apparently feeling it here in the states: my wife went to the grocery store (Costco) today and the place was PACKED. She had to wait in line to get in! Everybody's out buying water and canned goods and duct tape (presumably to hang themselves with, since I don't see what good it would do in an actual attack). Given the fear in the country I'm absolutely amazed at the complacency in the market. Not much has really changed since 9/11, everyone still lives in a bubble thinking it can't happen here. SB Link to comment Share on other sites More sharing options...
wndysrf Posted February 14, 2003 Author Report Share Posted February 14, 2003 Direwolf: I got mine at www.golddealer.com Ask for Ken Slater. Paid $370 for my Gold Eagles, $5 over spot. Paid $6.50 for the Silver Eagles, $1 over spot. Next time, I'll buy an entire box of 2003 Silver Eagles, you save about .70 a coin. He strongly recommended loading up on silver, more so than gold, since the less valueable silver coin is easier to use as substitute currency. But nothing compares to the feel of that heavy gold coin in your hand.... Link to comment Share on other sites More sharing options...
brian4 Posted February 14, 2003 Report Share Posted February 14, 2003 Greg-you blew me away-trailing stops all the time man or you go stark, raving mad. Covered all but the last rung on my ladder today for very good coin-IF we go up tomorrow I'll go with it BUT my puts which are March will stay in place until SPX clears 835-845 (which I DOUBT will happen) when I sense the end of the upmove than I will ladder down to where I am now. Now this puppy may crap out tomorrow there is so much paranoia out there and everyone is expecting a rally they FORGET this move is NOT over-someone said earlier that black box boyz are trained to buy on despair and war-YUP they are but those pinheads average age 27 weren't even around for the last BEAR and I'll bet you right now when the war breaks out (wee hours Sunday-IMHO) this thing will collapse to new lows on Tuesday. NOTE-The U>S> PESO got crunched today not a minor crunch but a royal ass-kick-GOLD started singing her sweet song again those two events tell me that light so many see at the end of the tunnel is an oncoming train by Tuesday if not tomorrow we will be down hard. Be wary and Trade Safe! Link to comment Share on other sites More sharing options...
summoner Posted February 14, 2003 Report Share Posted February 14, 2003 Would not want to be long this three day weekend...except golds and pm...looking to add spx puts on any upspike tomorrow...trade safe all! Now back to ACC hoops! Link to comment Share on other sites More sharing options...
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