Tom says (2:02 PM):
OK ???
Tom says (2:02 PM):
Everyone in the pool ???
Tom says (2:03 PM):
OK ???? 12 minutes
Tom says (2:03 PM):
Lay you bets down
Tom says (2:04 PM):
I am bullish ???
Tom says (2:04 PM):
I was the only one a week ago calling for 100 last week ...and now it is concensus ????
Tom says (2:04 PM):
Now I am feeling naked
Tom says (2:05 PM):
with a bad feeling they go .50 and go 100 discount and it confuses the market
Tom says (2:05 PM):
so you could buy short here and play the fall
chubbuni13@gmail.com says (2:05 PM):
boo...
Frank says (2:05 PM):
i would say don't trade the first reaction
Tom says (2:05 PM):
correct
Thomas says (2:06 PM):
trade the third
Tom says (2:06 PM):
the knee jerk is usually wrong and the 2nd is right ..even if it reverses
Frank says (2:06 PM):
bet we see some nice whip saws!
Thomas says (2:06 PM):
which is in direction of the first wave
chubbuni13@gmail.com says (2:06 PM):
it seems like they're getting more and more drastic, any reason why they wouldn't go a full percent?
Thomas says (2:06 PM):
I always thought it is abc move
Thomas says (2:06 PM):
after FEd
Frank says (2:06 PM):
aruj: whats priced in?
Tom says (2:06 PM):
yes ..you are right I am counting the A move now
Thomas says (2:07 PM):
so you think we will go higher today ?
Thomas says (2:07 PM):
after move down?
Tom says (2:07 PM):
yes
arujunaa says (2:07 PM):
90% of 100
Tom says (2:07 PM):
we can buy the dip
Frank says (2:07 PM):
thanks
arujunaa says (2:07 PM):
frank, you still think another investment bank goes?
Frank says (2:07 PM):
ttt...you have no puts?
Tom says (2:07 PM):
was 120% yesterday
Frank says (2:08 PM):
absolutely, maybe a bank first
Thomas says (2:08 PM):
Tom did you buy VIX calls?
Tom says (2:08 PM):
LEH and GS gave a performance today
Tom says (2:08 PM):
Investment banks can't fold now ...
Tom says (2:08 PM):
impossible
Frank says (2:08 PM):
ok
Tom says (2:08 PM):
but a regular bank can
arujunaa says (2:09 PM):
nothing is impossible
Tom says (2:09 PM):
well if the fed goes under
Tom says (2:09 PM):
right
Thomas says (2:09 PM):
Tom any hedge you have?
Tom says (2:09 PM):
no hedges
Tom says (2:09 PM):
adding the IB's to the FED reserve limits risk 99.99%
Tom says (2:10 PM):
they just used BSC as the poor bad boy
Tom says (2:10 PM):
we are all in trouble if the Fed goes down
Tom says (2:10 PM):
Here comes the VIX trders
Frank says (2:11 PM):
LEH from 20 yesterday to 43 today
Tom says (2:11 PM):
WOW !!!!!!!
Tom says (2:11 PM):
Going to puts on VIX
Tom says (2:11 PM):
Fast money
Tom says (2:11 PM):
fast market
Frank says (2:11 PM):
think of the gains in mar 20 calls
Tom says (2:12 PM):
LEH came through with earnings like GS
Tom says (2:12 PM):
what id the fed says they will take all mortgage paper and only ease .50 ????
Tom says (2:12 PM):
That is my bet
Tom says (2:12 PM):
IF
chubbuni13@gmail.com says (2:13 PM):
I feel like I want to sell everything right now and just go into cash.
Thomas says (2:13 PM):
chub I did so
chubbuni13@gmail.com says (2:13 PM):
some scary shizzz
Tom says (2:13 PM):
Fed will say they are buying all outstanding mortgages to market and sell .50 the market will tank and then Rocket
Tom says (2:13 PM):
Good Chubs BUY BUY BUY !!!!!!!
chubbuni13@gmail.com says (2:14 PM):
buy what?? :-O
Thomas says (2:14 PM):
anything
Thomas says (2:14 PM):
bread butter
Thomas says (2:14 PM):
:)
Tom says (2:14 PM):
Just saying when you feel like selling BUY ..in panics like this ..you will make millions
Frank says (2:14 PM):
.75
Tom says (2:14 PM):
.75
Tom says (2:14 PM):
on both
chubbuni13@gmail.com says (2:14 PM):
that's what they said?
Thomas says (2:14 PM):
good
Tom says (2:14 PM):
.25 from the other day
Thomas says (2:15 PM):
we tank
Tom says (2:15 PM):
Buy this selloff
Frank says (2:15 PM):
nay, market will be up 400 today
Tom says (2:16 PM):
wanted some ammo
Frank says (2:16 PM):
2 decenting votes, thats new
Tom says (2:16 PM):
always had 1
Tom says (2:16 PM):
now 2
Tom says (2:16 PM):
giving back 33%
Tom says (2:17 PM):
Vix calls would have worked
Tom says (2:17 PM):
1.45
Tom says (2:17 PM):
1.10
Frank says (2:17 PM):
the adict is in the corner spinning, he doesn't know what to do
chubbuni13@gmail.com says (2:18 PM):
where are you getting this info? CNBC?
Tom says (2:18 PM):
ramping up
Tom says (2:18 PM):
yes
chubbuni13@gmail.com says (2:18 PM):
can't find anything current on the internet.
Tom says (2:18 PM):
wsj.com
Tom says (2:19 PM):
playing chjicken with the markets and the FED is winning
Tom says (2:19 PM):
C wave up Thomas
Frank says (2:19 PM):
i have live news feed from ameritrade
chubbuni13@gmail.com says (2:20 PM):
wow that was a quick run back up.
Tom says (2:20 PM):
Tom says (2:15 PM):
Buy this selloff
Tom says (2:20 PM):
repeat
Tom says (2:20 PM):
didn't want to break new historical
chubbuni13@gmail.com says (2:20 PM):
haha, only had 4 minutes to act on it, Tom. :)
Tom says (2:20 PM):
precedents
Tom says (2:21 PM):
I picked up some at 12175
Frank says (2:21 PM):
.75 didn't tank the dollar
Tom says (2:21 PM):
Not official ..trust $$$$
chubbuni13@gmail.com says (2:22 PM):
impressive.
Tom says (2:22 PM):
$ OK
chubbuni13@gmail.com says (2:22 PM):
I'm surprised we're not 200 down...
Tom says (2:22 PM):
good statement
Tom says (2:22 PM):
like I had mentioned earlier
Tom says (2:23 PM):
OK ..I have a conference call with LM ..be back at 3:00pm
Tom says (2:23 PM):
Thanks
Tom says (2:23 PM):
TTT Out for a bit
Rich has left the conversation.
Frank says (2:25 PM):
chub...you still have QLDGP?
Frank says (2:26 PM):
bid 5.4, ask 9.5. thats an incredible spread
chubbuni13@gmail.com says (2:26 PM):
yeah, I didn't know that TTT got out.
chubbuni13@gmail.com says (2:26 PM):
I'm pretty good with keeping up on the boards too...
chubbuni13@gmail.com says (2:27 PM):
2 contracts, bought @ 7.5.
Frank says (2:27 PM):
now 6.6, 8.2 with 0 volume
chubbuni13@gmail.com says (2:27 PM):
on Tuesday, QLDGP's spread was 6.1 bid, 11.10 ask... crazy.
Frank says (2:27 PM):
i don't like illiquid options
chubbuni13@gmail.com says (2:28 PM):
Yeah, I wanted to get out on Tuesday, but I didn't want to take a loss on it.
chubbuni13@gmail.com says (2:28 PM):
especially with the ask at 11.10.
chubbuni13@gmail.com says (2:29 PM):
just gonna make it one of my cores along with the June spy call...
chubbuni13@gmail.com says (2:29 PM):
hopefully it'll all pan out.
Frank says (2:29 PM):
taken my ultras off
chubbuni13@gmail.com says (2:30 PM):
I was wondering Frank, how do you have all this money in your IRA but little in your regular trading account?
chubbuni13@gmail.com says (2:30 PM):
did you start your IRA super early?
Frank says (2:31 PM):
1984
chubbuni13@gmail.com says (2:31 PM):
Haha, I guess "super early" is very subjective... I was 4 when you started it.
chubbuni13@gmail.com says (2:31 PM):
so 2x ETF's are all you do?
Frank says (2:32 PM):
but i'm up 50% since november last year
chubbuni13@gmail.com says (2:32 PM):
yeah, you were bearish at the right time, tip my hat to you.
chubbuni13@gmail.com says (2:32 PM):
I think I still only know how to play it one way, need to learn about puts and shorting, and inverse 2x etf's.
Frank says (2:33 PM):
they are selling a little now
Frank says (2:34 PM):
i think what they did was as neutral as they could have been
BOB says (2:34 PM):
some s&p floor trader, Louis ........always said there are 3 moves after FED announcement, and the 3rd move is the direction to catch
Tom says (2:34 PM):
Yes ..That is correct
Tom says (2:35 PM):
8 Open positions Thomas ???
Frank says (2:35 PM):
a floor trader whose name doesn't end in a vowel...can't believe him:)
Thomas says (2:35 PM):
You see tom here is my abc
BOB says (2:35 PM):
Louie :)
Thomas says (2:35 PM):
yes 8 positions
Tom says (2:35 PM):
Thanks
Frank says (2:35 PM):
oh, louie
Tom says (2:36 PM):
Thomas give me you 3 waves here ???
BOB says (2:36 PM):
guy was famous for buying s&p's during the 1987 crash
Frank says (2:36 PM):
aruj: what the bond guys doin?
arujunaa says (2:37 PM):
flattening the curve since inflation expectations are lower now that they "only" went 75
Tom says (2:37 PM):
dollar up commodities down ??
arujunaa says (2:37 PM):
selling short end, buying long end
Tom says (2:38 PM):
which is good for mortgages ??
Tom says (2:38 PM):
working well
Tom says (2:38 PM):
but stocks 1/2 cut
Tom says (2:38 PM):
50% retrace is not a great sign but nas is OK still
Tom says (2:39 PM):
looking to growth
chubbuni13@gmail.com says (2:39 PM):
how'd that vix play work out? I can't tell, it looks like it's the same to me.
Thomas says (2:41 PM):
Tom you can see those waves on 2 min chart just after the announcement
Thomas says (2:41 PM):
for short term day traders
Thomas says (2:41 PM):
we could sell the first reaction against seeloff
Thomas says (2:41 PM):
you can see it also on 5 min char
Thomas says (2:41 PM):
chart
Tom says (2:42 PM):
buy 2 ES at 1300
Tom says (2:43 PM):
replace the 2 sold
Tom says (2:43 PM):
at 1308
Thomas says (2:43 PM):
ok
Thomas says (2:48 PM):
have to go for 30 min will be back
Tom says (2:48 PM):
Hope you got long with me ??
Tom says (2:49 PM):
GOLD SILVER crashing ??/
Tom says (2:49 PM):
should have had some shorts on
Tom says (2:49 PM):
they have driven me crazy
Tom says (2:49 PM):
need to stay away from them
Frank says (2:50 PM):
vix lod, fear gone, fed to the rescue buy buy buy
Tom says (2:50 PM):
yep
Tom says (2:50 PM):
1000 point run ...
Tom says (2:50 PM):
too much pessimism
Jerry says (2:51 PM):
wow, sell off then rally
Tom says (2:51 PM):
yes ....got another 1k on es
Jerry says (2:51 PM):
so it is all positive from FED??
Tom says (2:51 PM):
they went .75 and sold off 50% of gains now rally back
Jerry says (2:52 PM):
you still think we have more room for rally?
Tom says (2:52 PM):
yes
Tom says (2:52 PM):
1000 points by june
Jerry says (2:52 PM):
ok. What is your target for XLKDV then?
Tom says (2:52 PM):
got the bottom
Tom says (2:53 PM):
1.80
Tom says (2:54 PM):
those VIX calls and puts did theor jobs ..they really moved
Tom says (2:54 PM):
GS earnings call was the best
Tom says (2:54 PM):
that did kill the bear
Tom says (2:54 PM):
for now
Tom says (2:55 PM):
Frank : great trade getting in and out of the ultra shorts
Tom says (2:55 PM):
you could have gotten mauled
Tom says (2:55 PM):
that takes experience ...not luck ????
Frank says (2:57 PM):
notice i took 1/4 position of each
Tom says (2:57 PM):
No ..I just noticed you knew when to get out !!!!
Tom says (2:57 PM):
which takes a lot of guts
Tom says (2:58 PM):
most stubborn traders will hold a position for ego
Tom says (2:58 PM):
you are not that type and really bodes well for our group
Tom says (2:59 PM):
and we will benefit from the 'timing' we both have developed on both sides
Tom says (2:59 PM):
seems just the other day I was 10 points under water on our bet ???
Tom says (3:00 PM):
now 70 es points up from the lows almost 600 points
Tom says (3:00 PM):
HOD for Nas
Frank says (3:01 PM):
i think the thing to watch out for now is a bull trap. i would use stops on gains and keep moving them up
arujunaa says (3:01 PM):
bond market crapping out for now. may see 24/48 hours of weakness
Tom says (3:02 PM):
in bonds or stocks ???
Tom says (3:02 PM):
I would think bonds
Tom says (3:02 PM):
not stocks as the up / down vol is giving a fresh buy signal
Tom says (3:03 PM):
Instant profits now for banks
Tom says (3:03 PM):
all banks now profitable if they have a calculator
Tom says (3:06 PM):
Aruj : you with me ???
Tom says (3:06 PM):
Nas at new highs up 100 + from yesterday at this time ???
Tom says (3:07 PM):
FNM FRE saying the housing crisis over
chubbuni13@gmail.com says (3:07 PM):
haha, seriously??
arujunaa says (3:07 PM):
for now. i bought more qld at 66.00. but i will have to see what tomorrow brings. i'm cautious between 1325/45
Tom says (3:07 PM):
FED used ramping up the mortgage crisis in past tense like Paulson did ???? do you remember me saying that ???
Tom says (3:08 PM):
I think it is over ...the party on housing is done on the down side til summer
Tom says (3:08 PM):
got 60 days of peace
arujunaa says (3:09 PM):
hope you're right. now we could be in a short term situation where people use bad data to buy dips in stocks
chubbuni13@gmail.com says (3:10 PM):
you're right about summer, Tom...
chubbuni13@gmail.com says (3:10 PM):
June there's gonna be over $70 billion of adjustable rate mortgages adjusting that month.
Tom says (3:10 PM):
This is a classic Bull start or int bull run ...as historically we will gain 10-12% in 90 days
Tom says (3:10 PM):
AFTER the cuts
Tom says (3:11 PM):
and after the upside thrust ..we now have a classic double barrelled buy signal
Tom says (3:11 PM):
very rare and has never failed
Tom says (3:11 PM):
so everyone knows it and you won't be able to get back in
Tom says (3:12 PM):
I will send you all more dat ...but believe me ...this is HUGE
Tom says (3:12 PM):
I know it is hard to believe as we just had a near blowup but we still never broke those lows !!!!!!
chubbuni13@gmail.com says (3:12 PM):
a good time to be 100% long.
Tom says (3:13 PM):
and now we got the 2nd Thrust on internals ...just google "double barrelled buy signal"
Tom says (3:13 PM):
and I will send info out
Tom says (3:14 PM):
GOOGLE will give you the articles out there on Zweig and the 100% odds on a 10% min gains in 90 days
Tom says (3:14 PM):
DOUBLE BARRELLED BUY SIGNAL STOCKS
WE Got over 100 Nas points in 24 hours and are not done yet
Join today or call me ...I am just a independent trader wanting you to make money !!!!!
850-329-6745
Call me now for a quick review
Or join
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PROSH ULTRA SMALL +4.47% 47.96
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PST ULT RSL2000 G +5.91% 45.34
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ML SEMICOND HLDR1 +2.78% 29.53
Tom
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