Market down 2% at noon hour

[HereWeGo]

Onions!

But please tell me you have a stop in place, just in case.

[Coronita]

$17 stop 🙂

Listening to con-call. it's pretty interesting. Seems like they are dancing around questions regarding gross margins in q1 2008, despite launching a new chips based on 45 process and expected ditching the NOR unit.  Seems like they are buffering in case the recession affects them worse than they expect, so they can at least meet next Q's estimates. Of course, they in the past have tripped up and even came short on their own estimates by 0.01 to 0.02 cents like we're seeing today. dumbasses.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

 

[Coronita]

$17 stop 🙂

Listening to con-call. it's pretty interesting. Seems like they are dancing around questions regarding gross margins in q1 2008, despite launching a new chips based on 45 process and expected ditching the NOR unit.  Seems like they are buffering in case the recession affects them worse than they expect, so they can at least meet next Q's estimates. Of course, they in the past have tripped up and even came short on their own estimates by 0.01 to 0.02 cents like we're seeing today. dumbasses.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

 

[Coronita]

$17 stop 🙂

Listening to con-call. it's pretty interesting. Seems like they are dancing around questions regarding gross margins in q1 2008, despite launching a new chips based on 45 process and expected ditching the NOR unit.  Seems like they are buffering in case the recession affects them worse than they expect, so they can at least meet next Q's estimates. Of course, they in the past have tripped up and even came short on their own estimates by 0.01 to 0.02 cents like we're seeing today. dumbasses.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

 

[Coronita]

$17 stop 🙂

Listening to con-call. it's pretty interesting. Seems like they are dancing around questions regarding gross margins in q1 2008, despite launching a new chips based on 45 process and expected ditching the NOR unit.  Seems like they are buffering in case the recession affects them worse than they expect, so they can at least meet next Q's estimates. Of course, they in the past have tripped up and even came short on their own estimates by 0.01 to 0.02 cents like we're seeing today. dumbasses.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

 

[Coronita]

$17 stop 🙂

Listening to con-call. it's pretty interesting. Seems like they are dancing around questions regarding gross margins in q1 2008, despite launching a new chips based on 45 process and expected ditching the NOR unit.  Seems like they are buffering in case the recession affects them worse than they expect, so they can at least meet next Q's estimates. Of course, they in the past have tripped up and even came short on their own estimates by 0.01 to 0.02 cents like we're seeing today. dumbasses.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

 

[stockstradr]

Well, the markets dropped another 1% after I took those long positions. I’m starting to feel a Fool for trying to swim against an obviously bearish current.

As as for stating in this thread I closed short positions,I meant the collections of puts I was still holding on the indexes as the market opened. I sold to close all those positions when the market was down about 2% today. That was obviously a mistake, as the markets continued to tumble downward. On the puts I netted only about 25% gain across the positions because profits were diluted by a loss on two of them (QQQ JAN08 42, and QQQ JAN08 44) which I bought waaaay too early. (Of course, those two could still slide “in the money” if the markets drop “merely” another 5% to 7% in the next THREE days!) Fat chance.

You recall I shorted oil. You better get your jabs and insults in quick on that, because the market is moving fast in my favor now. Oil inventories are rising, as I expected, because we’re heading into a global recession. Oil has come down off the $100/bbl peak. However, I’ve got a ways to go because I shorted it at $83/bbl, clearly not one of my smarter moves.

[stockstradr]

Well, the markets dropped another 1% after I took those long positions. I’m starting to feel a Fool for trying to swim against an obviously bearish current.

As as for stating in this thread I closed short positions,I meant the collections of puts I was still holding on the indexes as the market opened. I sold to close all those positions when the market was down about 2% today. That was obviously a mistake, as the markets continued to tumble downward. On the puts I netted only about 25% gain across the positions because profits were diluted by a loss on two of them (QQQ JAN08 42, and QQQ JAN08 44) which I bought waaaay too early. (Of course, those two could still slide “in the money” if the markets drop “merely” another 5% to 7% in the next THREE days!) Fat chance.

You recall I shorted oil. You better get your jabs and insults in quick on that, because the market is moving fast in my favor now. Oil inventories are rising, as I expected, because we’re heading into a global recession. Oil has come down off the $100/bbl peak. However, I’ve got a ways to go because I shorted it at $83/bbl, clearly not one of my smarter moves.

[stockstradr]

Well, the markets dropped another 1% after I took those long positions. I’m starting to feel a Fool for trying to swim against an obviously bearish current.

As as for stating in this thread I closed short positions,I meant the collections of puts I was still holding on the indexes as the market opened. I sold to close all those positions when the market was down about 2% today. That was obviously a mistake, as the markets continued to tumble downward. On the puts I netted only about 25% gain across the positions because profits were diluted by a loss on two of them (QQQ JAN08 42, and QQQ JAN08 44) which I bought waaaay too early. (Of course, those two could still slide “in the money” if the markets drop “merely” another 5% to 7% in the next THREE days!) Fat chance.

You recall I shorted oil. You better get your jabs and insults in quick on that, because the market is moving fast in my favor now. Oil inventories are rising, as I expected, because we’re heading into a global recession. Oil has come down off the $100/bbl peak. However, I’ve got a ways to go because I shorted it at $83/bbl, clearly not one of my smarter moves.

[stockstradr]

Well, the markets dropped another 1% after I took those long positions. I’m starting to feel a Fool for trying to swim against an obviously bearish current.

As as for stating in this thread I closed short positions,I meant the collections of puts I was still holding on the indexes as the market opened. I sold to close all those positions when the market was down about 2% today. That was obviously a mistake, as the markets continued to tumble downward. On the puts I netted only about 25% gain across the positions because profits were diluted by a loss on two of them (QQQ JAN08 42, and QQQ JAN08 44) which I bought waaaay too early. (Of course, those two could still slide “in the money” if the markets drop “merely” another 5% to 7% in the next THREE days!) Fat chance.

You recall I shorted oil. You better get your jabs and insults in quick on that, because the market is moving fast in my favor now. Oil inventories are rising, as I expected, because we’re heading into a global recession. Oil has come down off the $100/bbl peak. However, I’ve got a ways to go because I shorted it at $83/bbl, clearly not one of my smarter moves.

[stockstradr]

Well, the markets dropped another 1% after I took those long positions. I’m starting to feel a Fool for trying to swim against an obviously bearish current.

As as for stating in this thread I closed short positions,I meant the collections of puts I was still holding on the indexes as the market opened. I sold to close all those positions when the market was down about 2% today. That was obviously a mistake, as the markets continued to tumble downward. On the puts I netted only about 25% gain across the positions because profits were diluted by a loss on two of them (QQQ JAN08 42, and QQQ JAN08 44) which I bought waaaay too early. (Of course, those two could still slide “in the money” if the markets drop “merely” another 5% to 7% in the next THREE days!) Fat chance.

You recall I shorted oil. You better get your jabs and insults in quick on that, because the market is moving fast in my favor now. Oil inventories are rising, as I expected, because we’re heading into a global recession. Oil has come down off the $100/bbl peak. However, I’ve got a ways to go because I shorted it at $83/bbl, clearly not one of my smarter moves.

[Coronita]

stockstradr ,

Don't take it personally. I just find people's trading patterns pretty entertaining. Usually people feel they're on top of the world when the market's in the direction they are positioned in. Very few people like to talk about days when they 20%+ down.

I have a simple rule about who is professional and who isn't. Professional traders that I have met never post their trades with 99% conviction they are right. Just like pro poker players don't talk about their hands.

I won't be jabbing at you about DUG, since I'm pretty much knee deep in this one myself, though it may be an issue when/if there's that 50pt basis cut if anyday now. 

I'm curious. Who here is in a hole for 2008? Come on fess up…. Me first, I'm $40k in the hole right now, going on  $60k if intel opens at the price that it traded ah, despite even sinking more money in today. I should post my holdings so real people that want to make money can just do the opposite of what I do, and we can split the profits 50/50 LOL.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

stockstradr ,

Don't take it personally. I just find people's trading patterns pretty entertaining. Usually people feel they're on top of the world when the market's in the direction they are positioned in. Very few people like to talk about days when they 20%+ down.

I have a simple rule about who is professional and who isn't. Professional traders that I have met never post their trades with 99% conviction they are right. Just like pro poker players don't talk about their hands.

I won't be jabbing at you about DUG, since I'm pretty much knee deep in this one myself, though it may be an issue when/if there's that 50pt basis cut if anyday now. 

I'm curious. Who here is in a hole for 2008? Come on fess up…. Me first, I'm $40k in the hole right now, going on  $60k if intel opens at the price that it traded ah, despite even sinking more money in today. I should post my holdings so real people that want to make money can just do the opposite of what I do, and we can split the profits 50/50 LOL.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

stockstradr ,

Don't take it personally. I just find people's trading patterns pretty entertaining. Usually people feel they're on top of the world when the market's in the direction they are positioned in. Very few people like to talk about days when they 20%+ down.

I have a simple rule about who is professional and who isn't. Professional traders that I have met never post their trades with 99% conviction they are right. Just like pro poker players don't talk about their hands.

I won't be jabbing at you about DUG, since I'm pretty much knee deep in this one myself, though it may be an issue when/if there's that 50pt basis cut if anyday now. 

I'm curious. Who here is in a hole for 2008? Come on fess up…. Me first, I'm $40k in the hole right now, going on  $60k if intel opens at the price that it traded ah, despite even sinking more money in today. I should post my holdings so real people that want to make money can just do the opposite of what I do, and we can split the profits 50/50 LOL.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

stockstradr ,

Don't take it personally. I just find people's trading patterns pretty entertaining. Usually people feel they're on top of the world when the market's in the direction they are positioned in. Very few people like to talk about days when they 20%+ down.

I have a simple rule about who is professional and who isn't. Professional traders that I have met never post their trades with 99% conviction they are right. Just like pro poker players don't talk about their hands.

I won't be jabbing at you about DUG, since I'm pretty much knee deep in this one myself, though it may be an issue when/if there's that 50pt basis cut if anyday now. 

I'm curious. Who here is in a hole for 2008? Come on fess up…. Me first, I'm $40k in the hole right now, going on  $60k if intel opens at the price that it traded ah, despite even sinking more money in today. I should post my holdings so real people that want to make money can just do the opposite of what I do, and we can split the profits 50/50 LOL.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Author]

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