Guest Posted February 24, 2003 Report Share Posted February 24, 2003 In followup to this morning's commentary this is what I ask myself just before I open any position: 1) Is this a prudent business decision or is it compulsive gambling? 2) What can I learn about the market by doing this? 3) What can I learn about myself by doing this? And as time goes by I find more and more I am asking question 3 prior to asking question 2. Link to comment Share on other sites More sharing options...
Guest Posted February 24, 2003 Report Share Posted February 24, 2003 If Friday's low holds (dow 7843, sp 832, naz 1316), a bounce is still in the cards IMHO. Link to comment Share on other sites More sharing options...
Hoodwinked Posted February 24, 2003 Report Share Posted February 24, 2003 Email I just recieved. This matches my work The Dow has dropped solidly today. The Nasdaq is holding strong, cause well it HAS to. An interesting analysis of the QQQ put option open interest shows why. There are 780,000 open put contracts on the QQQ's as of today , 276k March $25 and 500k from March $24 to $21. This is a HUGE number, especially considering the VERY small put position in the area ABOVE $25, The option crooks (put WRITERS) do NOT want the QQQ's to drop or they will be out much $. There is a LOT of time however before this will be a worry but if they fail to hold the Nasdq up and the QQQ (Nasdaq) goes down they will need to short BIG to hedge their positions. We are still targeting a nice drop in the mkt this week into Friday. This next options expiration in March should be up. The stars appear to be aligning for a March rally. We shall see! Link to comment Share on other sites More sharing options...
torah man Posted February 24, 2003 Report Share Posted February 24, 2003 i started an options discussion in lob : http://www.capitalstool.com/forums/index.p...=2&t=1376&st=0& we opened a paper trade this morning on ibm and are getting into the different aspects of trading options etc. this is a shameless plug. Link to comment Share on other sites More sharing options...
Auntie Septic Posted February 24, 2003 Report Share Posted February 24, 2003 Under what circumstances is trading this market not compulsive gambling? It's just like a casino, complete with vigorish for getting in the game, odds stacked against you and the only way to make money by recognizing a statistical variance and exploiting it. Hundreds of companies spout thousands of lies with millions being misled while being billions in debt. Link to comment Share on other sites More sharing options...
anoscope Posted February 24, 2003 Report Share Posted February 24, 2003 looks like limit curbs will kick in shortly.. time to scalp? Link to comment Share on other sites More sharing options...
soup Posted February 24, 2003 Report Share Posted February 24, 2003 What happened? I was out spending the last of my Barnes and Noble gift card on "Mordern TImes" per bares comments Link to comment Share on other sites More sharing options...
Guest Posted February 24, 2003 Report Share Posted February 24, 2003 Under what circumstances is trading this market notcompulsive gambling? It's just like a casino, complete with vigorish for getting in the game, odds stacked against you and the only way to make money by recognizing a statistical variance and exploiting it. Hundreds of companies spout thousands of lies with millions being misled while being billions in debt. G-D Dontcha luv it! Link to comment Share on other sites More sharing options...
Drano Posted February 24, 2003 Report Share Posted February 24, 2003 CEF -- thanks all for responses/info. VERY interesting idea, roid, trading CEF for the premium. Tanks a lot! Link to comment Share on other sites More sharing options...
Hypertiger Posted February 24, 2003 Report Share Posted February 24, 2003 Another weird chart... When the real estate miracle blows in the next 14-19 months it will be blastoff time... The help wanted ad index is at it's lowest since the 50's... Link to comment Share on other sites More sharing options...
Downtick Posted February 24, 2003 Report Share Posted February 24, 2003 Under what circumstances is trading this market notcompulsive gambling? It's just like a casino, complete with vigorish for getting in the game, odds stacked against you and the only way to make money by recognizing a statistical variance and exploiting it. Would we want it any other way? Link to comment Share on other sites More sharing options...
DrStool Posted February 24, 2003 Report Share Posted February 24, 2003 Mid Day Update now up in your Anals. No update this hour in Stooltrading. next Stooltrading update will be at 2:15. Link to comment Share on other sites More sharing options...
soup Posted February 24, 2003 Report Share Posted February 24, 2003 need to break Fridays lows. qqq's will break soon, looks like the first sign of the overloved overowned crowd is showing some cracks. Link to comment Share on other sites More sharing options...
Metamucil Posted February 24, 2003 Report Share Posted February 24, 2003 Lots of shport for NDX. Transferred all RYVNX to RYTPX for this pm print. Techs are too hated....for now. Time to start hating the underhated crap............... Link to comment Share on other sites More sharing options...
PileDriver Posted February 24, 2003 Report Share Posted February 24, 2003 three low-risk opps to short this pig. Dec 2, mid-Jan, and last week. I took Mr Marke up on the first two offers :wink2: The train is pulling out of the station...Whoo, hooo. SPX outperforming the NDX to the downside. Link to comment Share on other sites More sharing options...
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