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Fidelity now owns 320 million shares of GE??

 

That is utter madness.

 

When the mutual fund panic starts, you can imagine what happens when Stansky starts unloading giant chunks of GE, VIA, IBM, DELL, etc.

 

The most liquid stocks.

 

The most heavily weighted.

 

Oh, the horror when they sell........

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I am hoping someone(s) will take time to explain to me what happens when the SPX level is not equal to Max Pain at the time of expiration/settlement/closure, whatever you call it where the verdict is in. :huh:

 

I have found myself in the following trade each of the last three months...

 

"Since the SPX is greater than the point of max pain by x percent, I will short the SPX w/a massive amount of money and reap the reward." B)

 

However, the last two months the SPX has ended OPEX week around 2.5% above max pain. This month looks like 5% (900 vs 945, round numbers - right now). :(

 

I take this to mean a larger than neutral number of put writers and call buyers have made money.

 

Any comment would be appreciated.

TIA :blink:

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I'm resisting throwing in the towel since I've done that twice already.

Once in April 2001 on long side and second in Nov 02 on short side.

 

Doc, Oyster, BB are all saying it's time to turn.

(Not sure if BB has changed his call in last couple of days)

 

Yet the market keeps going up regardless of economy or earnings.

 

I'm almost out of patience pills and not likely to receive

new shipment tomorrow as QQQ is down just a penny.

 

Oh well,

 

Woulda Coulda Shoulda

 

:angry: :shocked :cry: :unsure:

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I'm resisting throwing in the towel

 

To the extent misery loves company, let me say that I'm with you.

 

Heh Mr. Fokker! You still on the wrong side of all this too, or did you cry "UNCLE!" yet?

 

Not trying to be mean-spirited... just trying to see who else is company 'round here.

 

Markets are stranger than bouncing laser beams dots on a head full of acid.

 

Jimi

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I'm resisting throwing in the towel since I've done that twice already.

Once in April 2001 on long side and second in Nov 02 on short side.

 

Doc, Oyster, BB are all saying it's time to turn.

(Not sure if BB has changed his call in last couple of days)

 

Yet the market keeps going up regardless of economy or earnings.

 

I'm almost out of patience pills and not likely to receive

new shipment tomorrow as QQQ is down just a penny.

 

Oh well,

 

Woulda Coulda Shoulda

 

:angry: :shocked :cry: :unsure:

You taking the little red pills or the big blue pills? I'm quickly running out of patience too. :( Have to keep reminding myself that insiders are selling into this madness. :huh:

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Dick Arms on Crapvision.

 

Summary:

 

"We are overdone"

"Reverse H&S will eventually take us higher"

"Very shallow pullback is wishful thinking ... 50% of recent gains should be given back, scare some people ... to 8200 Dow - 1400 Nasdaq"

"Level of bullishness bothering me"

"We are quite overbought short to intermediate term"

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I'm resisting throwing in the towel since I've done that twice already.

Once in April 2001 on long side and second in Nov 02 on short side.

 

Doc, Oyster, BB are all saying it's time to turn.

(Not sure if BB has changed his call in last couple of days)

 

Yet the market keeps going up regardless of economy or earnings.

 

I'm almost out of patience pills and not likely to receive

new shipment tomorrow as QQQ is down just a penny.

 

Oh well,

 

Woulda Coulda Shoulda

 

:angry:  :shocked  :cry:  :unsure:

You taking the little red pills or the big blue pills? I'm quickly running out of patience too. :( Have to keep reminding myself that insiders are selling into this madness. :huh:

I solace from that insider selling as well. That and asking myself, what did you expect "the madness of crowds" to look like? ;)

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