15 replies to this topic

[Frac_Man]

Lexus = rice bowl

:-)

Attention Playa Hatas

This dumb gambla is up 36% in one day. Not bad for a days work huh?

Tomorrow I expect the QQQQ to drop to 43.50 at a minimum based on horrible numbers from RIMM tonight, and hangover from Mega-Hawkish Fed minutes that scream Stagflation! By tomorrow my new BMW should be paid for. As I said before shorting this pig is easy money

F8 gonna drop da hamma tomorrow.

-Greg

My apologies, obviously you are not Zentrader and fwiw BMW's are very overrated, test drive a lexus, you will fall in love, although if you hold your puts till the close tomorrow, you'll be lucky to afford a 1/24th scale model.

[QID_trader]

Attention Playa Hatas

This dumb gambla is up 36% in one day. Not bad for a days work huh?

Tomorrow I expect the QQQQ to drop to 43.50 at a minimum based on horrible numbers from RIMM tonight, and hangover from Mega-Hawkish Fed minutes that scream Stagflation! By tomorrow my new BMW should be paid for. As I said before shorting this pig is easy money

F8 gonna drop da hamma tomorrow.

-Greg

Congrats, new Qid on the Block. I knew you were on the right path, just didn't like the "plunge" bit. Anyway, tomorrow you should go past 100% gain. The odds were very favorable, and you played it well. I look forward to more stuff like this from you, I like to compare notes to gusto traders like you. Keep it up! I am holding onto some puts myself looking to unload tomorrow with any "RIMM" and Fed related selling. Good luck all and Qid!

Thanks Casper!

I like the sound of that. "New QID on the Block"

[dasein]

Im a bear, but Id be cautious, I dont see the right pattern for a big follow thru, and I think it needs to bounce higher-starting tomorrow-friday. a selloff could start into and accellerate after opex. klh pnf, you are right the lexus is an excellent choice for an older driver who likes comfort and disikes the aura of a Cadillac. BMW isnt either.

[jzman]

I took the same approach yesterday, but sold my SPX puts at close for a quick profit, becasue given the breath so far and the type of winning streak we had, plus the option expiration next week, I would say most certainly this is not going to be a straight down scenario IF there is any more downside left. If this is the start of the wave C down from the end of Feb. it at least have a few days to kill before the real decline starts. Just want to caution the bears here especially those with near-term puts.

[bigtrader]

Seen these "attitude" types crash and burn many times.

[OEXCHAOS]

I had dreams of a bimmer cost me $100K one time back in 1984, I think. As a matter of fact, I think I finally bought that old car a few years ago! It's still tons of fun, and now represents that demon slayed. As I said, it's the "all-in" approach that was the problem. So far, all you've gotten is 9-10 points on the S&P and 18-19 on the Comp, and breadth wasn't horrible. That's very reasonable, given that it was WWW. But, even a small bounce will wipe out your profit. THAT's the problem with that bet. If you'd shorted the Naz Mini, you'd be looking at a lot more staying power and flexibility. The good news is that you've got the OEX P/C ratio going your way. My call: the market trades down this morning, but by 2:30, it'll be turning and premium will be draining. I'd book some profits, or maybe all of them and convert to the mini (If I were more Bearish than I am). Mark