Calling start of new Fool’s Rally – this morning

[peterb]

I hope todays rally has some legs to it. This way I can buy back into my puts with some real meat behind them. But it will probably be a weak-ass rally and fade fast. Such is the stuff that dreams are made of……

[stockstradr]

I waz watching at 11 AM NYC time, and saw markets down 4% and then stall, and I KNEW, just felt it in my bones that was the start of the rally.

I thought about going 2X long the S&P500 with six figure bet, but I got cold feet.

Instead I bought calls on the S&P500 with significantly less amount of money AND I also did go 2X long the S&P500 with 10% of portfolio into SSO.

Then I got nervous and dumped my SSO position when it was only up 2%

In the end the market did EXACTLY what I expected and trade UP over 7% off the -4% bottom i spotted in the morning.

So I missed most of that rally by selling my SSO early. And I would have been UP over 15% on that position at end of day.

Pathetic!!!

Oh well. I can’t be too greedy.

I did make lots of money today because I bought all of these early in the morning with markets down about 3%:

PTR: PetroChina
PBR: Petrobras
BP: Brit Petro
WFC: Wells Fargo
FXI: ISHARES TR FTSE XINHUA HK CHINA 25 INDEX FD

All those positions are up 7% to 10% off what I bought ’em at this morning, except for Wells Fargo which I’m only up about 2% on.

I made a killing already on the S&P500 calls, but I only bought 1.5% of portfolio on that one.

I think tomorrow will be a strong up day…just guessing now.

ANOTHER PREDICTION:

Just going on instinct here, but predicting this fool’s rally will have STAYING POWER running the markets up over the next weeks probably into Nov….and at least OVER 1,100 on the S&P500.

Staying power will come from increasing signs of stability in financial markets ->Fed / Paulson’s actions starting to work

[stockstradr]

I waz watching at 11 AM NYC time, and saw markets down 4% and then stall, and I KNEW, just felt it in my bones that was the start of the rally.

I thought about going 2X long the S&P500 with six figure bet, but I got cold feet.

Instead I bought calls on the S&P500 with significantly less amount of money AND I also did go 2X long the S&P500 with 10% of portfolio into SSO.

Then I got nervous and dumped my SSO position when it was only up 2%

In the end the market did EXACTLY what I expected and trade UP over 7% off the -4% bottom i spotted in the morning.

So I missed most of that rally by selling my SSO early. And I would have been UP over 15% on that position at end of day.

Pathetic!!!

Oh well. I can’t be too greedy.

I did make lots of money today because I bought all of these early in the morning with markets down about 3%:

PTR: PetroChina
PBR: Petrobras
BP: Brit Petro
WFC: Wells Fargo
FXI: ISHARES TR FTSE XINHUA HK CHINA 25 INDEX FD

All those positions are up 7% to 10% off what I bought ’em at this morning, except for Wells Fargo which I’m only up about 2% on.

I made a killing already on the S&P500 calls, but I only bought 1.5% of portfolio on that one.

I think tomorrow will be a strong up day…just guessing now.

ANOTHER PREDICTION:

Just going on instinct here, but predicting this fool’s rally will have STAYING POWER running the markets up over the next weeks probably into Nov….and at least OVER 1,100 on the S&P500.

Staying power will come from increasing signs of stability in financial markets ->Fed / Paulson’s actions starting to work

[stockstradr]

I waz watching at 11 AM NYC time, and saw markets down 4% and then stall, and I KNEW, just felt it in my bones that was the start of the rally.

I thought about going 2X long the S&P500 with six figure bet, but I got cold feet.

Instead I bought calls on the S&P500 with significantly less amount of money AND I also did go 2X long the S&P500 with 10% of portfolio into SSO.

Then I got nervous and dumped my SSO position when it was only up 2%

In the end the market did EXACTLY what I expected and trade UP over 7% off the -4% bottom i spotted in the morning.

So I missed most of that rally by selling my SSO early. And I would have been UP over 15% on that position at end of day.

Pathetic!!!

Oh well. I can’t be too greedy.

I did make lots of money today because I bought all of these early in the morning with markets down about 3%:

PTR: PetroChina
PBR: Petrobras
BP: Brit Petro
WFC: Wells Fargo
FXI: ISHARES TR FTSE XINHUA HK CHINA 25 INDEX FD

All those positions are up 7% to 10% off what I bought ’em at this morning, except for Wells Fargo which I’m only up about 2% on.

I made a killing already on the S&P500 calls, but I only bought 1.5% of portfolio on that one.

I think tomorrow will be a strong up day…just guessing now.

ANOTHER PREDICTION:

Just going on instinct here, but predicting this fool’s rally will have STAYING POWER running the markets up over the next weeks probably into Nov….and at least OVER 1,100 on the S&P500.

Staying power will come from increasing signs of stability in financial markets ->Fed / Paulson’s actions starting to work

[stockstradr]

I waz watching at 11 AM NYC time, and saw markets down 4% and then stall, and I KNEW, just felt it in my bones that was the start of the rally.

I thought about going 2X long the S&P500 with six figure bet, but I got cold feet.

Instead I bought calls on the S&P500 with significantly less amount of money AND I also did go 2X long the S&P500 with 10% of portfolio into SSO.

Then I got nervous and dumped my SSO position when it was only up 2%

In the end the market did EXACTLY what I expected and trade UP over 7% off the -4% bottom i spotted in the morning.

So I missed most of that rally by selling my SSO early. And I would have been UP over 15% on that position at end of day.

Pathetic!!!

Oh well. I can’t be too greedy.

I did make lots of money today because I bought all of these early in the morning with markets down about 3%:

PTR: PetroChina
PBR: Petrobras
BP: Brit Petro
WFC: Wells Fargo
FXI: ISHARES TR FTSE XINHUA HK CHINA 25 INDEX FD

All those positions are up 7% to 10% off what I bought ’em at this morning, except for Wells Fargo which I’m only up about 2% on.

I made a killing already on the S&P500 calls, but I only bought 1.5% of portfolio on that one.

I think tomorrow will be a strong up day…just guessing now.

ANOTHER PREDICTION:

Just going on instinct here, but predicting this fool’s rally will have STAYING POWER running the markets up over the next weeks probably into Nov….and at least OVER 1,100 on the S&P500.

Staying power will come from increasing signs of stability in financial markets ->Fed / Paulson’s actions starting to work

[stockstradr]

I waz watching at 11 AM NYC time, and saw markets down 4% and then stall, and I KNEW, just felt it in my bones that was the start of the rally.

I thought about going 2X long the S&P500 with six figure bet, but I got cold feet.

Instead I bought calls on the S&P500 with significantly less amount of money AND I also did go 2X long the S&P500 with 10% of portfolio into SSO.

Then I got nervous and dumped my SSO position when it was only up 2%

In the end the market did EXACTLY what I expected and trade UP over 7% off the -4% bottom i spotted in the morning.

So I missed most of that rally by selling my SSO early. And I would have been UP over 15% on that position at end of day.

Pathetic!!!

Oh well. I can’t be too greedy.

I did make lots of money today because I bought all of these early in the morning with markets down about 3%:

PTR: PetroChina
PBR: Petrobras
BP: Brit Petro
WFC: Wells Fargo
FXI: ISHARES TR FTSE XINHUA HK CHINA 25 INDEX FD

All those positions are up 7% to 10% off what I bought ’em at this morning, except for Wells Fargo which I’m only up about 2% on.

I made a killing already on the S&P500 calls, but I only bought 1.5% of portfolio on that one.

I think tomorrow will be a strong up day…just guessing now.

ANOTHER PREDICTION:

Just going on instinct here, but predicting this fool’s rally will have STAYING POWER running the markets up over the next weeks probably into Nov….and at least OVER 1,100 on the S&P500.

Staying power will come from increasing signs of stability in financial markets ->Fed / Paulson’s actions starting to work

[equalizer]

stocktrader,

I like your instincts, similar to mine, except I cant watch the market during day. I should just hire you to be my broker! Last Friday morning I was ready to panic and go double short to hedge my 401K which I cant rebalance cause it may be +/- 10% next day. Instead I put limit order on Travelers Ins, got in at 30 and sold at 37 at end of close on Monday, happy with 20%+ in one day. Was thinking of putting buy order last night but didnt do it. Had I seen VIX go to 80 I would have bought probably AAPL or MSFT. Since the VIX reached record but the SP500 didn’t go below low from Fri, I think we have a short term rally here.
Check out AAPL April 09 45 puts at $3. Sell the put, worst case buy AAPL at 45?

I like BP’s 8% yield too, but read that they have big pension shortfall.

[equalizer]

stocktrader,

I like your instincts, similar to mine, except I cant watch the market during day. I should just hire you to be my broker! Last Friday morning I was ready to panic and go double short to hedge my 401K which I cant rebalance cause it may be +/- 10% next day. Instead I put limit order on Travelers Ins, got in at 30 and sold at 37 at end of close on Monday, happy with 20%+ in one day. Was thinking of putting buy order last night but didnt do it. Had I seen VIX go to 80 I would have bought probably AAPL or MSFT. Since the VIX reached record but the SP500 didn’t go below low from Fri, I think we have a short term rally here.
Check out AAPL April 09 45 puts at $3. Sell the put, worst case buy AAPL at 45?

I like BP’s 8% yield too, but read that they have big pension shortfall.

[equalizer]

stocktrader,

I like your instincts, similar to mine, except I cant watch the market during day. I should just hire you to be my broker! Last Friday morning I was ready to panic and go double short to hedge my 401K which I cant rebalance cause it may be +/- 10% next day. Instead I put limit order on Travelers Ins, got in at 30 and sold at 37 at end of close on Monday, happy with 20%+ in one day. Was thinking of putting buy order last night but didnt do it. Had I seen VIX go to 80 I would have bought probably AAPL or MSFT. Since the VIX reached record but the SP500 didn’t go below low from Fri, I think we have a short term rally here.
Check out AAPL April 09 45 puts at $3. Sell the put, worst case buy AAPL at 45?

I like BP’s 8% yield too, but read that they have big pension shortfall.

[equalizer]

stocktrader,

I like your instincts, similar to mine, except I cant watch the market during day. I should just hire you to be my broker! Last Friday morning I was ready to panic and go double short to hedge my 401K which I cant rebalance cause it may be +/- 10% next day. Instead I put limit order on Travelers Ins, got in at 30 and sold at 37 at end of close on Monday, happy with 20%+ in one day. Was thinking of putting buy order last night but didnt do it. Had I seen VIX go to 80 I would have bought probably AAPL or MSFT. Since the VIX reached record but the SP500 didn’t go below low from Fri, I think we have a short term rally here.
Check out AAPL April 09 45 puts at $3. Sell the put, worst case buy AAPL at 45?

I like BP’s 8% yield too, but read that they have big pension shortfall.

[equalizer]

stocktrader,

I like your instincts, similar to mine, except I cant watch the market during day. I should just hire you to be my broker! Last Friday morning I was ready to panic and go double short to hedge my 401K which I cant rebalance cause it may be +/- 10% next day. Instead I put limit order on Travelers Ins, got in at 30 and sold at 37 at end of close on Monday, happy with 20%+ in one day. Was thinking of putting buy order last night but didnt do it. Had I seen VIX go to 80 I would have bought probably AAPL or MSFT. Since the VIX reached record but the SP500 didn’t go below low from Fri, I think we have a short term rally here.
Check out AAPL April 09 45 puts at $3. Sell the put, worst case buy AAPL at 45?

I like BP’s 8% yield too, but read that they have big pension shortfall.

[Arraya]

Oil should be bottoming out if not rising soon. Some tar sands in Canada become uneconomical below 65ish along with some deep well projects. Plus, this is seriously screwing with oil producing countries and they will demand a production cut no matter what Saudi Arabia says.

[Arraya]

Oil should be bottoming out if not rising soon. Some tar sands in Canada become uneconomical below 65ish along with some deep well projects. Plus, this is seriously screwing with oil producing countries and they will demand a production cut no matter what Saudi Arabia says.

[Arraya]

Oil should be bottoming out if not rising soon. Some tar sands in Canada become uneconomical below 65ish along with some deep well projects. Plus, this is seriously screwing with oil producing countries and they will demand a production cut no matter what Saudi Arabia says.

[Arraya]

Oil should be bottoming out if not rising soon. Some tar sands in Canada become uneconomical below 65ish along with some deep well projects. Plus, this is seriously screwing with oil producing countries and they will demand a production cut no matter what Saudi Arabia says.

[Author]

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