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  • January 23, 2008 at 5:15 PM #141834
    LA_Renter
    Participant

    “Guess these traders are still in denial”

    IMO I think what we saw today is a classic bear market rally. It’s rare to see a market move to the downside like that without a break. I played the SSO today, got in at 62.50 then it went down to about 61.15 and I thought uh oh I’m screwed. I had appts this afternoon and was relieved to see that trade work when I got home. I think this rally has some legs left to it and then back down we go. I am planning to take proceeds from the SSO trade and put back into SDS and ride that thing down. We will be in a process of hitting and testing new lows for a while here. The bond insurance bailout news is big IMO but it only means that we might avoid a total systemic meltdown, and hey I’ll tell ya I’m all for avoiding a total systemic meltdown. The unwinding process is still going to be long and painful and the world markets are truly signaling a significant slow down.

    January 23, 2008 at 6:10 PM #141555
    drunkle
    Participant

    watching the blood drain out of apple, goog and rim is interesting. how many “tech” cheerleaders like cramer got very badly burned today?

    that china etf, fxi burned me, that’s for sure… no bounce in the am despite the 10% rise in hang seng, dumped it at a loss… end o day, that fcker is up some 6 points!

    bought a little dia call, sold it early for a marginal profit, watched that fcker fly at close…

    daytrading blows.

    January 23, 2008 at 6:10 PM #141781
    drunkle
    Participant

    watching the blood drain out of apple, goog and rim is interesting. how many “tech” cheerleaders like cramer got very badly burned today?

    that china etf, fxi burned me, that’s for sure… no bounce in the am despite the 10% rise in hang seng, dumped it at a loss… end o day, that fcker is up some 6 points!

    bought a little dia call, sold it early for a marginal profit, watched that fcker fly at close…

    daytrading blows.

    January 23, 2008 at 6:10 PM #141796
    drunkle
    Participant

    watching the blood drain out of apple, goog and rim is interesting. how many “tech” cheerleaders like cramer got very badly burned today?

    that china etf, fxi burned me, that’s for sure… no bounce in the am despite the 10% rise in hang seng, dumped it at a loss… end o day, that fcker is up some 6 points!

    bought a little dia call, sold it early for a marginal profit, watched that fcker fly at close…

    daytrading blows.

    January 23, 2008 at 6:10 PM #141822
    drunkle
    Participant

    watching the blood drain out of apple, goog and rim is interesting. how many “tech” cheerleaders like cramer got very badly burned today?

    that china etf, fxi burned me, that’s for sure… no bounce in the am despite the 10% rise in hang seng, dumped it at a loss… end o day, that fcker is up some 6 points!

    bought a little dia call, sold it early for a marginal profit, watched that fcker fly at close…

    daytrading blows.

    January 23, 2008 at 6:10 PM #141884
    drunkle
    Participant

    watching the blood drain out of apple, goog and rim is interesting. how many “tech” cheerleaders like cramer got very badly burned today?

    that china etf, fxi burned me, that’s for sure… no bounce in the am despite the 10% rise in hang seng, dumped it at a loss… end o day, that fcker is up some 6 points!

    bought a little dia call, sold it early for a marginal profit, watched that fcker fly at close…

    daytrading blows.

    January 23, 2008 at 6:41 PM #141575
    an
    Participant

    How did you know Cramer got burned? He could very well bought put in the AM, sold it mid day and bought call mid day and held through close. You only get burned if you freaked out by mid day and sell. The DOW basically swung 500 points today from bottom to top. That’s some crazy volatility for sure. I got lucky and did not panic sell like I did many times before. We’ll see what tomorrow bring. Hopefully this bounce will continue for a few more days.

    January 23, 2008 at 6:41 PM #141803
    an
    Participant

    How did you know Cramer got burned? He could very well bought put in the AM, sold it mid day and bought call mid day and held through close. You only get burned if you freaked out by mid day and sell. The DOW basically swung 500 points today from bottom to top. That’s some crazy volatility for sure. I got lucky and did not panic sell like I did many times before. We’ll see what tomorrow bring. Hopefully this bounce will continue for a few more days.

    January 23, 2008 at 6:41 PM #141818
    an
    Participant

    How did you know Cramer got burned? He could very well bought put in the AM, sold it mid day and bought call mid day and held through close. You only get burned if you freaked out by mid day and sell. The DOW basically swung 500 points today from bottom to top. That’s some crazy volatility for sure. I got lucky and did not panic sell like I did many times before. We’ll see what tomorrow bring. Hopefully this bounce will continue for a few more days.

    January 23, 2008 at 6:41 PM #141840
    an
    Participant

    How did you know Cramer got burned? He could very well bought put in the AM, sold it mid day and bought call mid day and held through close. You only get burned if you freaked out by mid day and sell. The DOW basically swung 500 points today from bottom to top. That’s some crazy volatility for sure. I got lucky and did not panic sell like I did many times before. We’ll see what tomorrow bring. Hopefully this bounce will continue for a few more days.

    January 23, 2008 at 6:41 PM #141904
    an
    Participant

    How did you know Cramer got burned? He could very well bought put in the AM, sold it mid day and bought call mid day and held through close. You only get burned if you freaked out by mid day and sell. The DOW basically swung 500 points today from bottom to top. That’s some crazy volatility for sure. I got lucky and did not panic sell like I did many times before. We’ll see what tomorrow bring. Hopefully this bounce will continue for a few more days.

    January 23, 2008 at 9:12 PM #141665
    Coronita
    Participant

    watching the blood drain out of apple, goog and rim is interesting. how many "tech" cheerleaders like cramer got very badly burned today?

    that china etf, fxi burned me, that's for sure… no bounce in the am despite the 10% rise in hang seng, dumped it at a loss… end o day, that fcker is up some 6 points!

    bought a little dia call, sold it early for a marginal profit, watched that fcker fly at close…

     

     

    From the local economy…. Looks like qualcomm did fine today AH. Ebay is getting beaten up slightly. We'll have to wait for Juniper tomorrow.

     

    I have to say. Folks that put money into the chinese market. You got a lot of balls. I won't touch that market, despite all the hype. State sponsored banks just doesn't ring a bell for me.

     

     

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

    —– Sour grapes for everyone!

    January 23, 2008 at 9:12 PM #141892
    Coronita
    Participant

    watching the blood drain out of apple, goog and rim is interesting. how many "tech" cheerleaders like cramer got very badly burned today?

    that china etf, fxi burned me, that's for sure… no bounce in the am despite the 10% rise in hang seng, dumped it at a loss… end o day, that fcker is up some 6 points!

    bought a little dia call, sold it early for a marginal profit, watched that fcker fly at close…

     

     

    From the local economy…. Looks like qualcomm did fine today AH. Ebay is getting beaten up slightly. We'll have to wait for Juniper tomorrow.

     

    I have to say. Folks that put money into the chinese market. You got a lot of balls. I won't touch that market, despite all the hype. State sponsored banks just doesn't ring a bell for me.

     

     

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

    —– Sour grapes for everyone!

    January 23, 2008 at 9:12 PM #141905
    Coronita
    Participant

    watching the blood drain out of apple, goog and rim is interesting. how many "tech" cheerleaders like cramer got very badly burned today?

    that china etf, fxi burned me, that's for sure… no bounce in the am despite the 10% rise in hang seng, dumped it at a loss… end o day, that fcker is up some 6 points!

    bought a little dia call, sold it early for a marginal profit, watched that fcker fly at close…

     

     

    From the local economy…. Looks like qualcomm did fine today AH. Ebay is getting beaten up slightly. We'll have to wait for Juniper tomorrow.

     

    I have to say. Folks that put money into the chinese market. You got a lot of balls. I won't touch that market, despite all the hype. State sponsored banks just doesn't ring a bell for me.

     

     

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

    —– Sour grapes for everyone!

    January 23, 2008 at 9:12 PM #141931
    Coronita
    Participant

    watching the blood drain out of apple, goog and rim is interesting. how many "tech" cheerleaders like cramer got very badly burned today?

    that china etf, fxi burned me, that's for sure… no bounce in the am despite the 10% rise in hang seng, dumped it at a loss… end o day, that fcker is up some 6 points!

    bought a little dia call, sold it early for a marginal profit, watched that fcker fly at close…

     

     

    From the local economy…. Looks like qualcomm did fine today AH. Ebay is getting beaten up slightly. We'll have to wait for Juniper tomorrow.

     

    I have to say. Folks that put money into the chinese market. You got a lot of balls. I won't touch that market, despite all the hype. State sponsored banks just doesn't ring a bell for me.

     

     

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

    —– Sour grapes for everyone!

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