MrHanky Posted May 6, 2003 Report Share Posted May 6, 2003 Went 100% short at the close. ....don't blame you - i am short as well...... ......but look at the p/c ratios.......the whole community is buying puts!!!......doc may be right - pot. blow-off to 960 still in the cards......it takes B**** like an elephant to hang in there...... ......there are plenty of questions.......uncle buck is going south.....gold is up $ 2.30 on the electronic market ........bonds as well......that's not logical behavior.......uncle al has all the gates open.......flooding the market .......and equities.....up as well......waiting for the economic explosion....... .....it's late over here in switzerland......we'll see how the japs are trading on the back of their yen-strength..... .....maybe mark is right.....massive jam by big al.......keeps the equities up -----for a tiny bit longer......then ..... who knows what will happen.....maybe the puts are a hedge against stock positions. I feel comfortable entering here,hopefully I don't get hurt. Link to comment Share on other sites More sharing options...
Sphinxter Posted May 6, 2003 Report Share Posted May 6, 2003 If you think of the US markets as some collosal, unsinkable entity... ... this is the iceberg: Link to comment Share on other sites More sharing options...
MrHanky Posted May 6, 2003 Report Share Posted May 6, 2003 Tim Ord just went long on Comp at the close. he's been all over the place - will he be right or be stopped out again? Mark what's your opinion. . he's been wrong alot,why should today be any different?probably get blown out of his longs now. Link to comment Share on other sites More sharing options...
Guest Posted May 6, 2003 Report Share Posted May 6, 2003 p/c ratio started the day at 0.68 and finished off at 0.91. Bears' only foe are themselves... Link to comment Share on other sites More sharing options...
Guest Posted May 6, 2003 Report Share Posted May 6, 2003 Tim Ord just went long on Comp at the close. he's been all over the place - will he be right or be stopped out again? Mark what's your opinion. . he's been wrong alot,why should today be any different?probably get blown out of his longs now. Hope you are right, Mr. H. Kudos to you -- your timing is certainly better than a lot of us -- some two weeks and 50 S&P pts better, so your risk/reward is totally in your favor. Good trading Link to comment Share on other sites More sharing options...
Guest Posted May 6, 2003 Report Share Posted May 6, 2003 CSCO spends $2 Billon in cash just to support the stock every time it hits $13...and the shareholders are supposed to feel good about the fact that the best use of $2 billion is to artificially prop up the stock price? It took a look at $16 - but it's backing up fast. Bye Bye! If you're looking for a real estate play, check out the resistance levels on HOV. Bye Bye! And Finally...check out the boners on NTES and SOHU! Sayonara MF! Let The Games Begin...Plunger Link to comment Share on other sites More sharing options...
wndysrf Posted May 6, 2003 Report Share Posted May 6, 2003 Just back from lunch. Looks like I missed all the afternoon festivities. Almost 2.2 billion shares today. Doesn't get any better than that for the bulls. When is the last time we made a higher high on such huge volume?? Sorry, bear market is over. Looks like we are headed into a 1999 Parabola. Link to comment Share on other sites More sharing options...
joe sixpack bundy Posted May 6, 2003 Report Share Posted May 6, 2003 Went 100% short at the close. ....don't blame you - i am short as well...... ......but look at the p/c ratios.......the whole community is buying puts!!!......doc may be right - pot. blow-off to 960 still in the cards......it takes B**** like an elephant to hang in there...... ......there are plenty of questions.......uncle buck is going south.....gold is up $ 2.30 on the electronic market ........bonds as well......that's not logical behavior.......uncle al has all the gates open.......flooding the market .......and equities.....up as well......waiting for the economic explosion....... .....it's late over here in switzerland......we'll see how the japs are trading on the back of their yen-strength..... .....maybe mark is right.....massive jam by big al.......keeps the equities up -----for a tiny bit longer......then ..... who knows what will happen.....maybe the puts are a hedge against stock positions. I feel comfortable entering here,hopefully I don't get hurt. you are right.....i also think that plenty of short stocks are part of some "derivative packages"......... .....what i am really worried about is the fact that the usd/jpy repos have been "en-vouge" again.......someone is soon going to have a problem....looks like a repeat of what happened in july 98ff........ Link to comment Share on other sites More sharing options...
Injured Grizzly Posted May 6, 2003 Report Share Posted May 6, 2003 Just back from lunch. Looks like I missed all the afternoon festivities. Almost 2.2 billion shares today. Doesn't get any better than that for the bulls. When is the last time we made a higher high on such huge volume?? Sorry, bear market is over. Looks like we are headed into a 1999 Parabola. Mark: You may be right. But I think the bear is just starting. But then I've been wrong since last fall so what the heck do I know. Link to comment Share on other sites More sharing options...
The End Posted May 6, 2003 Report Share Posted May 6, 2003 The bear market is not over but it might stay on vacation for a while longer. http://www.capitalstool.com/forums/index.p...17&t=2423&st=0& Sorry stoolies. I just calls em as I sees em'. Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted May 6, 2003 Report Share Posted May 6, 2003 Tim Ord just went long on Comp at the close. he's been all over the place - will he be right or be stopped out again? that may be the short signal needed. i don't follow compx that closely, but i see it's up 22% from the mar low. i just don't get how now somebody wants to be bullish after a % move of that magnitude that fast. Can it go higher, of course. The 20month ma is 1539. Lets see if this poses as resistance. I could see potential for 1600-1700 after a pullback(1425ish). i believe 1700 would be a 14.7% retrace from all time high to oct low. 1700 is a target based on move from oct low to dec high then projected from the mar low. a shorter term target is 1530ish based on mar low, which was reached today. Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted May 6, 2003 Report Share Posted May 6, 2003 wtf just happened? csco/futures took a hit Link to comment Share on other sites More sharing options...
microdon Posted May 6, 2003 Report Share Posted May 6, 2003 Hey Hanky--What you mean Ord wrong a lot? He called the NASCRAP correction bottom in February while SG was, in one of his few wrong calls, screaming for lower prices. He got the SPX March bottom nearlyu right to the day. He has been generally right on the golds. I don't know if he went long on close today, though NDX did give a bullish signal in his scheme. Because of risk/reward considerations, he may be waiting, like his protege Tom O'Brien, for a small retracement to go long (I haven't seen his daily letter yet). Right now, this market to go down big from here is going to invalidate a lot of TA that has generally been constructive and profitable. P.S. I would love this market to collapse big time tomorrow and stay down a few days; would make losses less so (only a catastophe to the down side would make them profitable) Link to comment Share on other sites More sharing options...
roidrage Posted May 6, 2003 Report Share Posted May 6, 2003 .....what i am really worried about is the fact that the usd/jpy repos have been "en-vouge" again.......someone is soon going to have a problem....looks like a repeat of what happened in july 98ff........ a la LTCM? Link to comment Share on other sites More sharing options...
rog Posted May 6, 2003 Report Share Posted May 6, 2003 Once again John "Chamber of horrors" Chambers drags the bulls along with all sorts of visions and then says" earnings, Gross Margins and revenues will be flat" which is below consensus and much lower than the bs whisper numbers . Link to comment Share on other sites More sharing options...
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