SPECIAL EDITION !!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Our Daily Chat ....Traders market !!!! 1-10 - 2008
Tom says:
Good Morning
Thomas says:
not so good
arujunaa says:
gm
Tom says:
Looks like a give back of those gains yesterday as the bears take back charge
Thomas says:
ECB and BOE did not change rates
Craig says:
Good Morning. I'm back on. Yesterday, I couldn't log in for some reason and I gave up trying. So I had to use emails. How primative.
Tom says:
Retail sales were horrendous ...
Tom says:
Hi Craig
Tom says:
Hi Aruj
Tom says:
Good to have you all
Tom says:
we have a gap down to some support and I hope we can do the same thing today we did yesterday !!!!
Craig says:
Tom, is IMMR and NDAQ still in play?
Tom says:
Yes ...but not at the open ..Isent out an e-mail ...to add NDAQ AMR and IMMR at best prices 10:30 am or later
Tom says:
I would not buy them until the market solidifies ..if that is possible
Craig says:
Let me check my email. Thanks, Tom.
Tom says:
NYX TIE AMR IMMR and NDAQ are all on the BUY radar to get the portfolio up to 50-60%
Tom says:
IMMR is a spec takeover
Tom says:
AMR is a takeover and selling at low multiples
Tom says:
NYX and NDAQ are good long term holds in a takeover industry
Tom says:
TIE looks to be taken over
Tom says:
so all speculative takeover plays

Frank has been added to the conversation.

Tom says:
1375 is the key HOLD zone and we will try to go long again there
Tom says:
we are really setting up for a MAJOR Bottom in here if the indicators keep coming in like they are
Tom says:
the indicators are telling me that the recession / bear market will not last too long or else we are going to have at least one more "Blow off " rally before things get really ugly
Biegs says:
I am currently idle.
Tom says:
as if they haven't been ugly enough !!!!
Tom says:
Utilities up !!!!!
Tom says:
It got so bad, in fact, that we nearly got to the "puke" level of at least 800 stocks hitting new 52-week lows on the NYSE.

Thomas says:
Tom sounds like we agree about the comming rally :)
Tom says:
That is about the time we went long
Tom says:
we did reach capitulation level on the Nasdaq exchange.
Tom says:
I had a NQ and sold late
Tom says:
and will buy the futures again today reverse my short position
Craig says:
What a rough ride for DRYS in the last couple of months. Boy, from 131 to 60.
Tom says:
I kinda hope now we drop fast and hard
Tom says:
Yes ..we spoke of that BUY 58.00 and we may see it today ???
Tom says:
4x earnings ??
Tom says:
more than 600 stocks hit fresh 52-week lows sometime during yesterday's session. Since the bear market low in October 2002, we have never seen that many stocks hit new lows on the same day (August 9, 2004 came very close but didn't quite make the cut).

Tom says:
combination of a 10%, two-week drop in the Nasdaq 100 and an expansion in Nasdaq new lows to over 600 is quite a combination.

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Tom says:
these events were extraordinarily positive, particularly for the broader market, as was the instance from August 2004 that didn't quite make the cut. There were two losers in the Nasdaq 100, but those were immediately after the one-day crashes of October 1987 and September 2001.

Tom says:
Yesterday's call/put ratio from the ISE exchange sank to 72, the lowest level since mid-November. A reading of 72 means that traders were buying 72 call options for every 100 put options, a reading of excessive concern.

Tom says:
The ratio dropped to this low of a level in April and June 2002, which were terribly early in suggesting we were at a sentiment extreme. But the five occurrences since then all preceded short- to intermediate-term rallies in equities, with an average one-week gain of +3.9%.


Craig says:
DYN is trying to do what it can do to keep the market going.
Thomas says:
nice info Tom
Craig says:
SRS doesn't want to stop.
Tom says:
Thanks , and if it were 3 months into a Bear I would be buying with all the money I could borrow ..but we are in the end of a bull in horrible technical shape ...so it is tough to BUY BUY BUY without seeing a bottom in place ...a hold in here would help and we will go long the futures again today at 1375 cash ish
Tom says:
If we see it ...
Tom says:
if not we will add on some options
Tom says:
Gary says banks have bottomed ???
Thomas says:
Tom we have to hit 1383 in eminis
Craig says:
ZMH has upside momentum at the moment.
Thomas says:
This is Carl's stop for his long position
Thomas says:
:)
Tom says:
We should have entered there !!!
Tom says:
ZMH ???
Tom says:
Is that zumies?
Tom says:
I don't have my platform up ....ZMH ???
Tom says:
Carl is stopped out ???
Tom says:
interaction ???
Tom says:
anyone ???
Thomas says:
no he is not
Thomas says:
he will be at 1483
Tom says:
Aruj ..you going to go long today ???
Thomas says:
in eminis
Tom says:
1383 ???
Tom says:
or 1483 ???
Thomas says:
yes
Thomas says:
he is long 1391
Thomas says:
with stop 1383
Tom says:
OK
Thomas says:
that is what his blog says
Tom says:
We should be a bit longer here

cpatriaw@gmail.com (E-mail address not verified) has been added to the conversation.

Tom says:
Hi CPAT !
arujunaa says:
the set up yesterday was perfect. not so today. i would buy 1385 again on es, perhaps 1390. looking for 1425
Tom says:
agree
Tom says:
I would like to see a bigger selloff ...but they want us to chase em here
Tom says:
worst thing that can happen at this time is chasing by speculators as most have thrown in the towel
Tom says:
just in the last 48 hours
Tom says:
capitulation did occur ..now we will see how many forms it takes
Tom says:
and see if the technicals and charts will confirm the excessive pessimism
Craig says:
I'm sorry Tom, I stepped away for a moment. ZMH is Zimmer Holdings.
Tom says:
OK Hips and knees
Tom says:
anyway ...buying the low today is already a winner
arujunaa says:
by definition?!
Tom says:
right ...and it looks like we may not see that area again ??? I hope we do
arujunaa says:
if bernanke says "nothing" today, do stocks selloff?
Tom says:
XLFAZ 100 contracts at 1.10
Tom says:
I would think so ...they will really be looking for some pacifying words
Tom says:
FED and US GOVT have just been buying TIME to see if the economy will hold after the free fall from 5% to 0% growth
Tom says:
10:00am fill
Tom says:
1.12
Tom says:
NDYAI BUYING 1 more
Tom says:
36.50
Tom says:
we are lONG IMMR and NDAQ
Tom says:
And AMR is on the fill
Tom says:
Hate to pump a stock but the rumors of logitech being bought by MSFT is just as relavent to IMMR
Tom says:
Frank no trading today ???
Tom says:
QQQQ calls are good bet here
Frank says:
dumped some DE puts, but otherwise just watching
Tom says:
Pretty compelling info for a two -3 week rally
Tom says:
Up down volume =
Tom says:
after a gap down 100
Tom says:
pretty much buyers are alive
Tom says:
Takeovers will bring the $$$ back
Thomas says:
I think I was a day to early :)
Tom says:
Entered too soon ???
Thomas says:
Yes, yesterday
Tom says:
still should be OK
Thomas says:
Like I said yesterday I think we will go up about two weeks
Tom says:
we got in long yesterday but just a day trade
Thomas says:
yes I know
Thomas says:
your timing yesterday was ... scary :)
Tom says:
yes ..more luck than sense
Thomas says:
professionals need luck
Tom says:
Aruj hit the bottom I did my usual and got in early and often !!!!
Tom says:
CROX anyone ????
Tom says:
IWM down 20% peak to trough ???
Tom says:
.xlfaz up 1k
Tom says:
Last thing anyone wants to do is buy financials but they are ready to roll
Tom says:
X flying
Tom says:
TIE NYX looking to buy
Tom says:
NDX calls ...qqqq calls
Tom says:
anyone bullish ???
Tom says:
short term anyway ???
Thomas says:
me
Thomas says:
:)]
Tom says:
You can't trade ...barriers up for Non Americans !!!!
Thomas says:
I can trade Dow cash and SnP cash
Tom says:
Q's and CROX ???
Tom says:
from TTT ????
Tom says:
I think we will get a SQUEEZE here short term
Tom says:
as we have gone too far too fast
Tom says:
so you may want to at least buy some ITM calls out to March
Thomas says:
Tom as soon as you feel Dow is a buy let me know ;)
Tom says:
.IMUBB is a buy ...MSFT looking at them as a better deal than others
Thomas says:
wow.. buyers I guess
Tom says:
Thomas ..I think you can buy it on ANY DIP from here today if you get one
Thomas says:
stop ?
Tom says:
AXP options
Tom says:
.5% back
Tom says:
stop on futures
Tom says:
20% on options
Thomas says:
ok
Thomas says:
I trade cash index :)
Thomas says:
I use spreadbetting account
Tom says:
good ..I have only the cash in my mind
Thomas says:
as soon as I open account in US I will take most of your trades
Tom says:
best way to use ..most accurate
Thomas says:
is 12710 ok to buy?
Tom says:
cash yes
Thomas says:
good
Tom says:
One more pump on IMMR before it doubles !!!!!!!
Tom says:
No one has touched the IMUBB
Tom says:
easy double as they all say
Thomas says:
bought
Tom says:
Thomas : think you can get in at 710 ??
Tom says:
you got or you had to fill a bit higher ??
Ernie says:
I picked up a few .imubb
Tom says:
Ernie : that a boy ...I want to see that go to 16-17
Thomas says:
I bought 12709
Tom says:
MSFT is looking to buy several small companies ..AAPL has already approached
Ernie says:
I would like that to! :)
Tom says:
Thomas ...you are a Bull
Ernie says:
gotta go to work! ugh!.. keep this mkt going yall!
Tom says:
Options are lagging the stock ...we need to get a position in IMUBB
Tom says:
CYA Ernie
Tom says:
GLW calls
Tom says:
TIE NYX BUYS

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Tom says:
Thomas ...you are making $$$$$$
Tom says:
QQQQ NDX is a BUY
Thomas says:
hope to make much more
Thomas says:
What target, what do you think Tom?
Thomas says:
As a day trade ?
Tom says:
there are so many plays out there ...I am like a kid in a candy shop ...forget the int term today and tomorrow is all I want
Tom says:
12800
Tom says:
sell
Thomas says:
yes sir
Tom says:
take your $$$
Thomas says:
very small position for training :)
Tom says:
and play again tomorrow
Thomas says:
but still some money
Tom says:
Up 2k in XLFAZ
Frank says:
50 million shares on the q's in 1st hour
Tom says:
30 minutes and 2k
Tom says:
BUY BUY BUY
Tom says:
Frank ..lots of $$$ here
Frank says:
my long button key is stuck on my key board!
Tom says:
I can see it from here !!!!!!!
Frank says:
you know this computer named papa bear hates to go long
Tom says:
there is going to be a pile on soon
Tom says:
up 1k in NDX just today
Tom says:
.diwar frank 100
Thomas says:
sorry Tom have to go out and hate to stay with open position in this market
Frank says:
1 NDYAI @ 39, filled
Tom says:
Yes FRank ...you animal
Thomas says:
Had to close
Thomas says:
Will be back in 30 minutes
Tom says:
way to go with the most volatile !!!!
Tom says:
Thomas bailed ???
Thomas says:
And hope to get it again at 12710. What do you think?
Tom says:
no way ...you are going to be chasing all day
Thomas says:
hmm
Tom says:
maybe
Thomas says:
hope not. Will see you in 30 minutes ;)
Frank says:
100 DIWAR at 1.72, filled
Tom says:
OK ..we will be down 50 buy then ???
Tom says:
Frank ...you are LONG
Frank says:
yep, went to the baby bear computer to go long, long keys seem to work on that one
Tom says:
Hope it Buys out Papa bear !!!!
BOB says:
Tom, just wanted to say thanks for the email yesterday about potential bottom
BOB says:
I was traveling, but saw a nice even number in dow 12,500 and bought a few futures contracts
BOB says:
anyway..........I appreciate it

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Tom says:
Thank you

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Tom says:
Hope we can hold those lows

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Tom says:
Hope the lows yesterday will be the lows for the year !!!!
Tom says:
QCOM at 37.50 seems to always be a BUY
Tom says:
XLK calls out are very cheap
Tom says:
immr buying ...by institutions

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Craig says:
Tom, how do you know that institutions are buying IMMR? Volume looks average.
Tom says:
And BLOCK trades
Tom says:
IMMR usually does not get 10K block trades and 20K block trades ...those are mutual funds and or someone else
Tom says:
BLOCK trades are the key ...we don't care about the little guy ...we want big block trades
Craig says:
Ok
Craig says:
I have my T&S screen up to watch for this.
Tom says:
OK
Tom says:
There was just a 11.8k
Tom says:
trade a bit ago
Craig says:
That was probably before my screen came up.
Frank says:
ttt...can you tell if those block trades are buys or sells?
Craig says:
How can one tell if an "inside or outside bid" is a buy or sell on T&S?

Tom says:
NO ..only if they are on a Uptick
Tom says:
the price is the key
Tom says:
if it is higher than the last fill
Tom says:
Craig : not 100% sure
Craig says:
OK
Tom says:
Maybe someone else knows
Tom says:
TRANNIES up big in a recession ???
Tom says:
Airlines doing well
Tom says:
1400 cash seems to be holding here
Tom says:
seems like they want to rally them short term
Frank says:
ttt...on immr you think this is takeover play plus earnings play (you think they will beat in feb). Right?
Tom says:
27.00 XLF
Frank says:
i'm thinking of May calls instead of feb
Tom says:
Frank ..correct ..has beat 2 quarters in a row and is finishing a tremendous run ...if they can milk something out of DEC ..I know OCT NOV was great
Tom says:
I have researched and played this stock all year and they seem poised to really take off they just got hit with a bad economy ...and they sold it hard
Tom says:
Cut in half ....
Frank says:
but the stock has halved since Oct!!
Tom says:
and should be bought or bought out
Tom says:
No analysts and TECH got its first 10% 1 week correction = buying opp
brad says:
gm tom, have question for you
Tom says:
Hey Brad
brad says:
since pretty much every technical analyst out there (especially elliott types) think we are in bear market, what are chances we saw a more significant low yesterday?
Tom says:
Pretty darn good ...all my research says that we should rally ...I think we have actually been in a correction since OCT and the market has been BUYING time for a save by the FED and US GOV't ...I do not agree ..especially with the HOLD of these technical levels that it is cut and dry
Tom says:
The sentiment says we could have a int. bottom in place
brad says:
oh, you surprised me with that answer
brad says:
ty
Tom says:
the fact is we are so far along the business cycle ..speculators come in too quick on a rally ..this last selloff ...I think a ton of investors threw in the towel
brad says:
can tell by today's action people still throwing in towel
Tom says:
I was 90% sure we had started a BEAR market ...but now with these sentiment readings it may be possible for a huge short squeeze if IF we get the GOVT stimulus package and the FED 50 + 50 discount and fed Funds ..this could delay and give enough time for the economy to recover
Tom says:
I really like the fact that ISE hit new lows
brad says:
50bp probably priced in though right?
Tom says:
and AAII new record lows
Tom says:
FED Funds is priced in ..discount rate is not ..that is their extra weapon
Tom says:
put buying really helped BULLS yesterday along with the capitulation as new lows reached bear market levels
Tom says:
I am excited about one more run ....
Tom says:
Kinda like the poker addict ...that one big hand to retire on !!!!!
brad says:
ok, you were starting to grow some fur last 2 days, had to ask
Thomas says:
I'm back.
Thomas says:
Should I buy again Tom?
Tom says:
Yes I was bearish and still am but I am trying to be contrarian ...when GS starts downgrading everything that moves ...you know they want to BUY BUY ...they want a climax
Tom says:
I would thomas : your timing is impeccable
Thomas says:
the same stop and target?
Tom says:
The results of the poll that was released this morning showed an almost unfathomable level of despair among members of that organization.

Tom says:
Thomas ...Yes ..nice $$$
Tom says:
IMMR needs to do 500k + today
Tom says:
to get some attention
Thomas says:
I got in at 12712
Tom says:
XLF is a BUY
Tom says:
12710 cash I got a YM
Tom says:
Got to send out an e-mail
Tom says:
Bought long YM at cash 12710
Tom says:
With a current Bull Ratio of only 25% (meaning that of those who expressed an opinion, 75% expect the market to drop), the survey is giving its most pessimistic reading since August 1992. It has also pushed the four-week average of the ratio down to 35%, also the lowest reading since the 1990's.


Tom says:
This gets me GIDDY !!!!!
Tom says:
I just love it when small investors get bearish
Thomas says:
Tom you said some time ago that two pools were opposite. How is it now?
Tom says:
Readings this low were early in suggesting a market bottom in the fall of 1990, but otherwise the market tended to respond very well in the intermediate-term, with the S&P showing a positive three-month return 92% of the time and an average performance of +7.9%.

Tom says:
II is professional letter writers AAII is small investors
Frank says:
100 XLFAA @.64, filled
Tom says:
Now II is even back to neutral after sucking for months
Jerry says:
Tom, do you pay attention to Investors Intelligence advisors sentiment reading? They are no at extreme at all.
Thomas says:
so you use AAII this time?
Jerry says:
48.4% bull vs 25.8% bear
Jerry says:
for II reading
Tom says:
No Jerry and Thomas ...I out more weight on II ..which is why we got destroyed a couple of times ...I did not listen to my indicators ..II is more important ...and has been around longer
Tom says:
II is neutral now compared to bearish for 3 months
Thomas says:
but this low reading you write above is from what ?
Tom says:
AAII is very Bullish
Tom says:
AAII
Thomas says:
ticker sense neutral
Tom says:
It isn't just individual investors showing negativity, it has started to creep into the options pits. Yesterday's call/put ratio from the ISE exchange sank to 72, the lowest level since mid-November.
Tom says:
A reading of 72 means that traders were buying 72 call options for every 100 put options, a reading of excessive concern.

Jerry says:
Do I need be a subscriber to AAII to get the reading?
Thomas says:
Will you buy in waves here Tom in case we go lower?
Tom says:
The ratio dropped to this low of a level in April and June 2002, which were terribly early in suggesting we were at a sentiment extreme. But the five occurrences since then all preceded short- to intermediate-term rallies in equities, with an average one-week gain of +3.9%....Jerry ..no it come out every week FREE ...earliest you can get it is from shaeffers


Tom says:
Yes ..Thomas we want to use the lows yesterday as our ALAMO or final stand
Jerry says:
Thanks Tom.
Tom says:
Thank you jerry
Tom says:
1400 is still holding well and is bracing for Ben at 1:00pm
Thomas says:
Ticker Sense published their research about first trading day of the year and first five trading days
Thomas says:
They see no correlation
brad says:
ty for all the sentiment verbage, didnt realize it had gotten that bad
cpatriaw@gmail.com (E-mail address not verified) says:
what's Ben at 1:00 pm ?
cpatriaw@gmail.com (E-mail address not verified) says:
@[fwpscript]Version:01.03.02.07|Icon:none|rsvp@[/fwpscript]
Tom says:
yep ..pretty quick ..that is why I would like to see a quick 1000 points up or just a slow grind higher...no 400 up 300 down 100 up 200 down ...
Tom says:
Bernanke speaks at 1:00pm
Tom says:
today
Tom says:
CNBC live
brad says:
do you expect fireworks at 1pm today?
Tom says:
May be big
Tom says:
I hope he is geuine and keeps HOPE ...Europe is playing hardball with inflation and it hurt ...if Ben jumps on that ..we could go test
Tom says:
oe worse
Tom says:
or
Thomas says:
Tom do you use Birinyi?
Tom says:
There has got to be some bad news in banks as the BKX and XLF took a header
Biegs says:
I am currently idle.
Tom says:
Yes I use his long term studies but the short term stuff is weak
Tom says:
Ned Davis better
Tom says:
1400 on th button
Tom says:
I like the selling here as long as we hold

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Tom says:
2 huge blocks in IMMR today
Tom says:
1400 losing steam
Tom says:
BX big move
Tom says:
I will buy 1 ES here for 1399.00 cash Long
Tom says:
Market actually is the first time it has acted OK with Horrible news ...the retail sales were depressionary ..and the GS down grades should have put us down 200 +
Tom says:
If we can hold and scare off some shorts ...we may be able to ressurect the week ???
Tom says:
OK ..I am as long as I am going to be for now !!!!
Tom says:
LUNCH TIME
Tom says:
I will be back ..like it or not !!!!
Tom says:
TTT OUT FOR LUNCH
Tom says:
11:48 am

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Tom says:
glw great comeback

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Tom says:
1403 spx
Thomas says:
still think we are going up?
Thomas says:
I'm thinking about closing the position before Bernanke speaks. What do you think Tom?
Tom says:
nah..stick it out thomas
Thomas says:
Do you think he will say something good for the market?
Tom says:
no..but he will be more sypathetic
Tom says:
and it should be taken as good
Thomas says:
jesus ... I just wanted to close the position .. but decided not to
Frank says:
SPY straight up
Thomas says:
and closed by accident :)
Thomas says:
If we go back to 12710 I'm long again
Frank says:
wow
Tom says:
thomas ..aren'y you glad you have me ....
Thomas says:
yes but I closed!!!!!!!!!!!!!!
Thomas says:
by accident
Tom says:
thomas
Tom says:
no way
Biegs says:
what's going on? i thought bernanke speaks at 1?
Thomas says:
and no I will shoot my foot
Thomas says:
now
Thomas says:
not no
Tom says:
my ym is well in
Thomas says:
or maybe shoot my head
Tom says:
axp a buy
Tom says:
calls
Thomas says:
I'm the most pathetic trader ever !
Tom says:
move on ..forget it
Tom says:
next trade
Tom says:
i am up 14 es now
Thomas says:
right now I want to put my comp into the wall
Biegs says:
is there news right now or is this just a crazy speculation?
Tom says:
was
Tom says:
short covering
Biegs says:
massive volume
Thomas says:
hope we will be back to 12710 so I can be long again. What do you think Tom?

Tom says:
immr up
Tom says:
big blocks
Tom says:
rally ...shortcovering
brad says:
benny's watch must be fast
Tom says:
be carefull
Tom says:
i am out here
Frank says:
10% on DIWAR, NDYAI, SFBAL, XLFAA. stay with these ttt?
brad says:
shorties thought they had more time
Tom says:
up 15 es
Frank says:
30% + now
Tom says:
ok sell it
Tom says:
i am out of calls here
Tom says:
out of es
Thomas says:
I said yesterday we have a bottom and still cannot make money out of it
Tom says:
violent rally
Thomas says:
And when I do I make stupid mistake.
Thomas says:
maybe should give it up
Tom says:
SUBSTANTIAL ACTION
brad says:
timing caught the bears off guard for sure
brad says:
they were slowly starting to short cover then bam
Tom says:
BEN SAYS WHAT WE WANTED

Tom says:
GREAT PLAY BY BEN
Tom says:
IT was perfect timing
Tom says:
Everyone out as we will now setlleback in
Tom says:
Man oh man ...YM was a scream baby !
Tom says:
YES
Tom says:
Everyone take those profits as the bears will get us back
Tom says:
XLF calls .....5k
Thomas says:
Tom did Ben already speak?
Tom says:
Yes
Tom says:
Done
brad says:
man, think i've lost 5k on xlf calls last few months, shows timing is everything
Thomas says:
What did he say?
Tom says:
SUBSTANTIAL ACTION WILL BE TAKEN
Thomas says:
to do what?
Tom says:
Market news hit and we went up 120 points +
Tom says:
CUT RATES
Thomas says:
to save america ?
Thomas says:
:)
Tom says:
Man was that a heroin rush
Thomas says:
I hope we will come back to 12710 for a second :)
brad says:
ran some bears, can it sustain these levels?
Thomas says:
Is that possible?

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Tom says:
We need this cleansing after the knee jerk reaction ...you really have to trade ...here guys
Tom says:
I like buying the XLK now ....some calls
Frank says:
i didn't get out of anything too fast
Biegs says:
so you think we head back up from here tom?
Tom says:
Yes
Tom says:
XLKBY
Frank says:
stay???

Tom says:
If you did not sell I would hold ...as we should see those highs again
Tom says:
Again we should buy back in at 1400
Tom says:
spx cash
Tom says:
I got out at the HOD or near and it took all my physiacal energy to sell all those positions !!!!!!!!!

aszager has left the conversation.

Tom says:
This is like living in the pits
Frank says:
DIWAR, NDYAI, SFBAL, XLFAA. i had 30% in all of these for a minute!!
Tom says:
Yes ..Frank says:
30% + now
Tom says:
ok sell it
Frank says:
i couldn't get the orders in fast enough. i put in limit orders and they all were missed
Tom says:
Sell it ...it was a opinion you should take those 30-40% rises like in XLF from 1.12 to 1.60
Frank says:
when its fast like that need to make the limits further away. i was too tight
Tom says:
Tell me about it ..I was keying my orders in split seconds ..and getting fills ...options express did a great job with that amount of options and futures
Tom says:
when you get a knee jerk like that just sell ...
Frank says:
i'm still shaking and i didn't make a dime yet!!!
brad says:
i had offer in cue to short er2 at 724.70 since this morning, hod was 724.50
Frank says:
sell at market??
Thomas says:
Tom buy again at 12710?
Tom says:
12770

Your invitation to join this conversation could not be delivered to Ernie.

Your invitation to join this conversation could not be delivered to Ernie.

Thomas says:
should I buy at 12770???
Frank says:
we should get a more orderly climb now, right?
Tom says:
we will rally back to those highs

Your invitation to join this conversation could not be delivered to Ernie.

Frank says:
we should get a more orderly climb now, right?
Tom says:
Yes
Tom says:
Buyers and sellershould be split
Frank says:
what diud ben say
Frank says:
did
Thomas says:
to late for 12770 :(
Tom says:
Thomas says:
What did he say?
Tom says:
SUBSTANTIAL ACTION WILL BE TAKEN
Frank says:
through all the chaos i mananged to get 2000 immr at 9.98
Thomas says:
Now we only have to figure out what "substantial action" means :)
Tom says:
XLKBY
Frank says:
probably means nothing but if it makes us $$$ who cares!
Tom says:
Is going to run hard over the next two days
Tom says:
Thomas ....did you get left back ???
Thomas says:
no I'm out
Thomas says:
you wrote 12770 and it already was 90
Tom says:
Well the FED president has NEVER said anything like that in my time
Tom says:
No it wasn't
Tom says:
you may have received it at 12790 ...
Thomas says:
ok it was about 85 or something
Thomas says:
or my data feed is not ok
Tom says:
when I wrote it it was at 12770
Thomas says:
ok so I was to late
Tom says:
could have asily moved 20 points in the 3 seconds it takes to transmit
Thomas says:
you cannot believe 100% in data feed at spreadbetting companies :)
Thomas says:
Sometimes they can manipulate
Tom says:
yep
Thomas says:
I just stopped using limit orders with them because it takes 10 minutes to know if you are filled
Tom says:
not good
Frank says:
lot of shorts going to be trapped here unless they cover
Thomas says:
I have to use market orders and I'm sure what I get
Tom says:
I am really happy with options express ..things went PERFECT for me ...just perfect ...
Thomas says:
This is the reason I closed this position by accident
Thomas says:
:)
Thomas says:
But I'm over it now and ready to make money
Tom says:
yep
Thomas says:
But it was hard seeing like 200 points go away
Frank says:
forgot to take my stop down on the DIWAR trade, closed, up a cool 4k
Biegs says:
on days like this will wall streeters take lunch at 2 or something?
Biegs says:
or do restaurants downtown all sit empty all day?
Biegs says:
they were probably smart and took early lunches
Biegs says:
now im hungry all alone
brad says:
tom, st money flows showing this 2nd rally being distributed into
Thomas says:
A/D ratio ok I guess
Tom says:
really ..so the pros selling this rally ??
Tom says:
Here he comes now
brad says:
just my own stuff telling me that
Tom says:
I think that the pros will probably get it right but we could get a 2 week period of blowoff you don't want to miss
brad says:
we have some bearish sentiment to unwind no doubt
Tom says:
don't think anyone knew they were going to release minutes early ..it was a shock ..i do not think anyone could anticipate that ..again ..another 1st
Tom says:
market is acting perfect
Frank says:
ttt....Here he comes now (from above) ...who were you talking about??
brad says:
acting the opposite of prior 8-9 days. used to open higher, get trashed. today, yesterday opened lower, got bought
Jerry says:
got go now. will check back. Bye

Jerry has left the conversation.

Tom says:
hopefully a change of character ???
Tom says:
we are still like teetering
Tom says:
so it is not like we are starting a new bull ...they may just give us my last crack at the old highs and then a bear
Tom says:
took 8 sessions to get everyone 100% sure we were in a recession and bear market
arujunaa says:
old highs at 1560ish?
Tom says:
yes
Tom says:
the info leaked isn't exactly what is coming out of his mouth
Tom says:
so be carefull ..daytraders will eat this guy up
Tom says:
Frank ..how much were you up on the IWM ???
Frank says:
bought at 1.72 and sold at 2.12, don't know what the high was during the frenzy
Tom says:
they jumped 2 bucks from the lows
Tom says:
IWM
Frank says:
the one i want to go is SPY. in SFBAL at 1.14. thats my mortgage $$$
Tom says:
17-13 a/d ..needs to improve
Frank says:
i'm still in that XLFAA i got into at .64
Tom says:
good
Frank says:
did you sell your NDYAI?
Tom says:
Iam out of everything but stocks for now
Tom says:
had 2 of those
Frank says:
up 19.2% right now
Frank says:
on my 1
Tom says:
I got out at 50.00 even
Tom says:
Hit it on the way up
Frank says:
50!!!!
Tom says:
about 2.6k
Tom says:
profit
Frank says:
ndx seems to want to go up
Tom says:
up about 30K 2 days
Tom says:
Yes I think that is the play I am in XLK
Tom says:
XLK is chaep and better stocks
Frank says:
what was the xlk play?
Tom says:
Biegs says:
so you think we head back up from here tom?
Tom says:
Yes
Tom says:
XLKBY
Frank says:
do you still like the way the market is acting?
Tom says:
Yes
Frank says:
too late for xlkby?
Tom says:
Speculators market
Tom says:
No same entry ..cheap ...
Frank says:
15 cent spread is 25%. thats nuts. your 25% in the whole on execution
Tom says:
Move to another contract
Frank says:
hole
Tom says:
it was just a nickle earlier
Tom says:
shortcovering like crazy
Frank says:
got it, things are a little bit jumbled now
Thomas says:
Tom is 12770 still a buy with a target at todays highs?
Tom says:
AMR is acting like a new Bull ...boy did we get lucky on the open
Frank says:
did bens words get congruent with the leak?
Tom says:
WOW he just said it
Thomas says:
Who, what?
Tom says:
additional easing and substantial action against downside risks
Tom says:
never heard a FED pres say that
Tom says:
and it was his last line
Thomas says:
Tom is 12770 still a buy with a target at todays highs?
Tom says:
saved the market from Beardom ???
Thomas says:
Don't fight the FED :)
Tom says:
yes .....
Thomas says:
ok waiting for 12770
Tom says:
buy the rumor sell the news ....buy buy buy at 12750
Thomas says:
ok 12750
Tom says:
I am at ease ..my workout is over for the day ..now will have to see if we get a shot again
Thomas says:
Tom 12750
Thomas says:
buy?






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IMMR
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The FEB 10.00 calls are CHEAP the stock is 9.60 !!!

BUY ...a short squeeze is possible !!!!

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