AgentSmith Posted February 7, 2003 Report Share Posted February 7, 2003 I'm up for some T and A. She's teetering men. If someone even dares lay a poofer in the wrong direction it's liable to send this boulder arse over tea kettle over this cliff. AgentSmith Link to comment Share on other sites More sharing options...
MrHanky Posted February 7, 2003 Report Share Posted February 7, 2003 Doc,I have to agree with you.lost lots of money towards the end of the "bull"on stocks dropping daily on low volume. Of course my broker at the time and others always said "don't sell we are only going down on light volume"...."it will come back" lost half my portfolio that way until i realized the truth. Link to comment Share on other sites More sharing options...
lucy Posted February 7, 2003 Report Share Posted February 7, 2003 Uh, think I'll keep my FDRY for a while longer-- Link to comment Share on other sites More sharing options...
Guest Posted February 7, 2003 Report Share Posted February 7, 2003 this kind of market really sucks for put holders(feb,march).time premium eats them away.looks like were consolidaing again,though I can't believe it. another week of this is possible,but could break down at any time. holding drcvx....would love more puts but need some sense of where we are going puts are just a plaything for me,I never bet big.if I can make a few hundred a day while I'm laid off from work it's good enough for me. as I type it looks to be dropping again...time will tell Based on what you've been posting and my energetic feel of same I'm starting to get the impression that you might be much better off using vehicles other than options for trading. it's been workin out ok,just bein extra careful.made money on the last 10 out of 11 trades. I kind of like them because I know going into the trade what my maximum downside is. Just don't let it get the better of you emotionally, 'cause if it does, no matter how much money you can make or think you can make by doing it, it just won't be worth it in the end. Please keep my last three opening commentaries in mind. Link to comment Share on other sites More sharing options...
Guest Posted February 7, 2003 Report Share Posted February 7, 2003 Ashcroft speaking on the tele about new terror alert status Link to comment Share on other sites More sharing options...
Drano Posted February 7, 2003 Report Share Posted February 7, 2003 somebody stomp on this thing woodja? Time for Metamucil's purple stomping monster again. I thought my screen had frozen but it's just that no prices were changing. JPM's having a little trouble though, heh heh. We'll have to see what happens when the grown-ups come back from lunch and take over from the calves currently running the trading desk. Link to comment Share on other sites More sharing options...
microdon Posted February 7, 2003 Report Share Posted February 7, 2003 Doc--Look, this website is my favorite. I love most of the posters, even the ones I disagree with. I am fully subscribed because I believe you do a great service to investors in the small picture and humanity in the bigger picture. Ord's beliefs I will know more about after I take O'Brien and his seminar in March. But his volume theories, to refine Wndy's remark from last night, suggest that lower volume which takes out a swing low (not enough space to explain swing lows) normally means a bounce. It isn't necessarily bullish. It just means that sufficient energy, as measured by volume, was lacking to drive a stock or index lower. I suppose one could call that bullish, but only in a relative sense. Ord, for example, may be long the QQQs, but if volume picks up with this move to a new swing low today, then the bet is off. His intermediate term views are very bearish. Like everyone here, including SG, he is not perfect. He freely admits his mistakes. He is not a stoolie, but I wish he were. Link to comment Share on other sites More sharing options...
GregFokker Posted February 7, 2003 Report Share Posted February 7, 2003 If this market doesn't crack soon, Fokker's gonna start speaking in the New Jersey accent he's been hearing increasingly from his "little voice"... Link to comment Share on other sites More sharing options...
GregFokker Posted February 7, 2003 Report Share Posted February 7, 2003 I like Ord because of the way he pronounces "downside" and "upside". Link to comment Share on other sites More sharing options...
HardAssets Posted February 7, 2003 Report Share Posted February 7, 2003 Hi all. Didn't this pause at support for few days happen before a big drop in either July or Oct? I somehow remember a lot of shorts covering at a support because it held and then after a bit of time the floor fell out from beneath the market and this happenned a few times on the way down. As you know I follow volume and volume has been decisively negative. I found a chart that has been very helpful in keeping me on the right side of the market intraday. http://finance.lycos.com/home/livecharts/d...bols=qc:advdecv change the chart to 1 min. and 5 min draw a channel and watch the magic. It is a chart of net volume. Tell me what you think. ROckhead, if yo around, I think you will like this one. Link to comment Share on other sites More sharing options...
wndysrf Posted February 7, 2003 Report Share Posted February 7, 2003 Where is that QQQ "Bullet" trader? He needs to dump those QQQ's now and flush this thing..... Link to comment Share on other sites More sharing options...
Guest Posted February 7, 2003 Report Share Posted February 7, 2003 hamline.edu/~jstoller Link to comment Share on other sites More sharing options...
DrStool Posted February 7, 2003 Report Share Posted February 7, 2003 Tansk Dr. Sigmoid- I wouldn't kick somebody off for criticizing me. I will give the benefit of the doubt in this case because I will assume he missed the post I was referring too. We encourage good natured ribbing here, and discourage criticism of fellow stoolies, especially the head Stool. Link to comment Share on other sites More sharing options...
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