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    Got a hunch, so -QAVOB on board @ 1.81. I cant babysit it all day today, so wish me luck (or point and laugh)



    Edit: Out @ 1.96...gutless, lol.
    Last edited by Andy; 3 Mar 2009, 12:26 PM. Reason: result

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      Buying more GLD first thing tomorrow.
      And the truth shall set you free.

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        I'd wait till $88.00, and then see how it behaves afterwards. I get the feeling that psychological "1K Gold" just became a sell signal in a big way. GLD also broke support...so buyer beware.


        I like GOOG saying 'we're f'ed also' this afternoon after the close. But I closed all my shorts, lol. Should be interesting seeing how one of the market propper uppers gets taken out and market reaction tommorrow.

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          Couldnt trade this juicy sqeeze today, had to get the car fixed...but a few notes after reading the gizz covered headlines:

          Oil is not up on China, more likely due to the USO contract rollover. And wasnt the last China stimulus resulting in the stimulus recipients piling the money into the Chinese casino for a game of momentum? Just a bit of stuff that sticks in my head after reading the 'reasons' for this rally, lol.

          NoDecaf...I notice GLD tagged the moving average and bounced off, sorta good. But even better I notice that thestreet.com (Kramer) and CNBC have headlines suggesting further downside...so it might just be a GLD rally in store! Did you get some? Gonna wait to see how it pans out a bit?

          Comment





            Originally posted by Andy View Post
            Couldnt trade this juicy sqeeze today, had to get the car fixed...but a few notes after reading the gizz covered headlines:

            Oil is not up on China, more likely due to the USO contract rollover. And wasnt the last China stimulus resulting in the stimulus recipients piling the money into the Chinese casino for a game of momentum? Just a bit of stuff that sticks in my head after reading the 'reasons' for this rally, lol.

            NoDecaf...I notice GLD tagged the moving average and bounced off, sorta good. But even better I notice that thestreet.com (Kramer) and CNBC have headlines suggesting further downside...so it might just be a GLD rally in store! Did you get some? Gonna wait to see how it pans out a bit?
            And the truth shall set you free.

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              Skeeery pre-market/futures action this morning...another leg down? I hope the gubment doesnt come out and try to talk up the market, lol

              Or maybe the beginnings of another sideways run? I have no clue what I'm talking about so I'll stop

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                The market is scared to death of this administation. Obama cameout yesterday and literally said he does't care abut the ups and downs in the markets. Well he's showing it, since he took over americans wealth has fallen 30%.

                He's spending money at a recored pace. And not on trying to stimulate the economy. But on his entitlement programs.

                He's weakening our country. He killing the self-esteem of our country. Telling people if you want to be successful your going to have to support all the people that don't want to be. He's literall telling the country you don't need to be responsble. don't pay your mortgage, will support you!

                Send hilary to china to beg them to support our entitlements to our poor. China is trying to stimulate their country while were looking to slow ours with entitlements.

                And it's just not the economy either. He practically begging russia to negotiate with iran for us by making our military defense weaker. You negotiate with strenght not weakness like obama. He sends 17,000 troops to afganistan without a plan just like bush.

                This guy is telling the markets his administration has know clue on what it's doing.

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                  Why can't you stay out of my thread?

                  Please start your own thread if you want to whine.

                  This thread is about trading stocks and if you do not stay on
                  topic, I am going to ask your posts moved to the graveyard aka Members Only.
                  And the truth shall set you free.

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                    Andy, almost your exact words! lol

                    http://www.thedailyshow.com/full-epi...isodeId=220250
                    And the truth shall set you free.

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                      Originally posted by NoDecafPlz View Post
                      Why can't you stay out of my thread?

                      Please start your own thread if you want to whine.

                      This thread is about trading stocks and if you do not stay on
                      topic, I am going to ask your posts moved to the graveyard aka Members Only.

                      ND

                      What is your problem? My post has everything to do with trading stocks.

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                        Plenty of places for you to fume.

                        End it, move it or it will get moved.


                        Originally posted by TheRainman View Post
                        ND

                        What is your problem? My post has everything to do with trading stocks.
                        And the truth shall set you free.

                        Comment


                          Andy, help me with an exit strategy for GLD.

                          There's no point getting in without knowing when to get out.
                          And the truth shall set you free.

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                            Nice video, 'bout time CNBS is getting the attention it deserves, lol.

                            GLD...well, I'm gonna assume that you did buy yesterday, did you? It broke its down channel today, and the fear guage is redlined right now IMO. It's parked right at support/resistance tonight IMO. 2 things...fear needs to keep up and it goes up, or it doesnt and it goes down (yeah, real crystal ball-like, eh?). Then again it could just do a Fib retrace or something and go to 93 or 96 (didnt calculate it) before dieing out again. Or the world financial system could collapse and it goes to the moon, lol. But I can guarantee you this...it will fluctuate. I'm kinda running with it still going up considering the mass-media 'sell gold' thing, if that is a bit soon-happening. I'm a real hit and run type guy, so I have a hard time with beyond a couple days type action. If you are up, take the money and run I say. Or ride it till you think it isnt riding any more.

                            On a side regarding market humor...I found the 'featured topic' on the FAS Yahoo Finance message board hilarious. Yep, they are, lol.

                            Good trading for me today, with a caviet. Got a armful of SPY 76 puts first thing, bailed on them for lunch. Then I had Citigroup buy my lunch with a in $1.00/out $1.02 trade on that steaming dung pile. I might lose a few fingers on my final trade...two groups of -JZWCH at 2.19 and 2.64 which I am holding overnight (IWM 34 calls). We'll see how long I hang onto those when tommorrow comes.

                            Good luck, and I think as a country we might need a lot of it right now.

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                              Almost lost some fingers there trying knifecatching, lol. Anyway, today I picked up some Q's calls in the mayhem and thankfully that eod/Friday short covering saved my ass. Bailed on the whole mess a couple minutes to the close and ended up overall....

                              <drumroll> $5.95 profit!!

                              Almost thought I would be becoming an 'investor' there for a bit, lol. Anyway, quite the move down, I guess oversold markets get really really oversold, eh?

                              Either next week there will be a bounce, or we are all going to Hell. BTW, anyone notice the S&P low of 666? Hmmm.

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                                I shorted the rally at the beginning right when it was about to hit 700 on the S&P. I held the position for only nine minutes. What a shame if I waited longer...

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