fxfox Posted February 6, 2003 Report Share Posted February 6, 2003 the term "greed is good" is from that wallstreet movie with michael douglas. I guess many of the daytraders have this film figure as their role model, what the role model says must be good. They wanna be like him, like an asshole so to speak. The term is just bullshit, nothing else. That you have to be concentrate when you trade, that is sure, but is greed and concentration the same? No. Link to comment Share on other sites More sharing options...
Mr. Beal Posted February 6, 2003 Report Share Posted February 6, 2003 I appreciate what your saying Pile. Flying at Mach 2 100 feet of the ground can get ugly very fast. As it turns out my problem is that I chose to use the SPY and DIA which are expensive margin wise. I hate options. Although I do have about 1/3rd of my position in the qqq 25?s. Cash is tight. If I used your POS index I?d probably be closer to my comfort limits. Link to comment Share on other sites More sharing options...
FeedFool Posted February 6, 2003 Report Share Posted February 6, 2003 Look out for the 2.30 Dump Link to comment Share on other sites More sharing options...
PileDriver Posted February 6, 2003 Report Share Posted February 6, 2003 The Astro amazing Bradley model shows market turning down today Feb 6 until Feb 20.Fits with Arch's Feb 16 ominous date which won't be felt by market until Feb 18-20 (except those with inside info). Also allows minimum time for political maneuvering befor bombs drop on or around the 16th??? Feb 16 is also full moon. Don't know if this is conducive to war with our night vision equipment or not. Ormsby whatever happens it will be painfully obvious to the clueless, perhaps cause a quick drop and that 2/20 temporary low may form 20030203,0206 minor turns 20030220 Low 20030227 High *** 20030313 Significant Low *** Something to keep tucked away in the back of your cranium. :grin: Link to comment Share on other sites More sharing options...
longOnUranus Posted February 6, 2003 Report Share Posted February 6, 2003 WADR, all, I stand by what I say. It is a base, universal emotion and process. Maturity refines and supresses greed (ego) but doesn't eliminate it. Maturity channels greed to good. Since MOST people mature...mature people aren't greedy to make house payments or buy a Mercedes, they are greedy to take trips or get their kids to college or get out of debt or retire to Happy Acres, Florida. These are events, not things. Enough of this. Sorry I contaminated your excellent post, Glad. Link to comment Share on other sites More sharing options...
PileDriver Posted February 6, 2003 Report Share Posted February 6, 2003 From the Prudent Bear board, regarding the QQQ puts: http://www.prudentbear.com/bearschat/bbs_r...1&snsa=A#M86996 good explanation for simpletons like me "Thus, this is one bullish fund manager that has placed a very large bet, somewhere between $250,000,000, and $750,000,000! " so it means optimism on the market by a HedgeFund. (i.e we should treat the p/c ratio as being very low, not high) Bearish for the market since the trend is down, dip buyers and those who don't believe the trend and try to anticipate a change in trend (gamble) are usually wrong. We're going down! The slope-of-hope is very slippery my friend. Link to comment Share on other sites More sharing options...
MrHanky Posted February 6, 2003 Report Share Posted February 6, 2003 bounced at 7940 for the 6th time Link to comment Share on other sites More sharing options...
mjkst27 Posted February 6, 2003 Report Share Posted February 6, 2003 Piles I agree. It is a huge piece of evidence that calls into question the value of the PCR. Although Adam Hamilton, DubbaFlush, and Bontchev would probably disagree Link to comment Share on other sites More sharing options...
Bearman Posted February 6, 2003 Report Share Posted February 6, 2003 Todays action shows the mania still lives Soon greed will turn to FEAR Crapvison will fixate on some bs news story The mk is DEAD soon to be buried Constant dip buying will be rewarded with huge waterfall s-peeeee move Link to comment Share on other sites More sharing options...
mjkst27 Posted February 6, 2003 Report Share Posted February 6, 2003 POG getting taken apart. Maybe it will come back as GOP. Link to comment Share on other sites More sharing options...
machinehead Posted February 6, 2003 Report Share Posted February 6, 2003 Pile - the story on the prubear board (sale of put spread = synthetic long position) is different from what rog heard (put sale + QQQ short = delta neutral, not a directional bet). Don't know which is correct, but the implications are different. Link to comment Share on other sites More sharing options...
soup Posted February 6, 2003 Report Share Posted February 6, 2003 mj: excellent post. Many thanks. Link to comment Share on other sites More sharing options...
Guest Posted February 6, 2003 Report Share Posted February 6, 2003 This is not the stealth fighter fly over formation as some would probably assume. It's actually the Falling Bra formation, but it's usually not seen in broad daylight. :grin: Link to comment Share on other sites More sharing options...
seamus Posted February 6, 2003 Report Share Posted February 6, 2003 SOX breaking to LOD Portent of things to come? Link to comment Share on other sites More sharing options...
MrHanky Posted February 6, 2003 Report Share Posted February 6, 2003 bounced at 7940 for the 6th time took 7 attempts to break support they were really throwin everything at the tape here Link to comment Share on other sites More sharing options...
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