Lee Kramer [S]

[lee kramer]

Suzy saw a great movie yesterday, "Trouble With the Curve," with Clint Eastwood.

She said she's see it again if I wanted to get out.

A great baseball fan she turned me onto "Bull Durham."

You don't have to like the manager if you're a ballplayer but it sure helps if you respect his baseball strategy. We both dislike the way Bobby Valentine too often manages the Red Sox. I suspect he'll be gone shortly.

[lee kramer]

"Reflexes like a cat," so true. Oh how you ducked when that 2-wood slipped out of my hands.

[Plugger301]

Reflexes like a cat, nimble too. LOL

[lee kramer]

Hi Jorge. Haven't heard from you in a while. I hope you and your family are well. Plugger and I have been at "Zeev's Turnip Patch-No Politics" on Investorshub.com

[dada]

wow congrats Plugger, nice picks eh.


didnt know you are good at golf too, lol

[dada]

Hi stranger,

I just got back from Dallas and can you believe that even Dallas was cooler than here, lol

How have you been? Still fighting with Lee all the time? and you called that bonding I remember, LOL

dada

[Plugger301]

Ahem.

http://investorshub.advfn.com/boards/read_msg.asp?message_id=22011017

[Plugger301]

Happy 103 degrees! Way too hot for me.

[Plugger301]

I just ran the numbers and... if people post at the rate of .8 per second my WAG has a shot for the 15MM post. LOL

[Plugger301]

I only trade the majors. Euro, Pound, Swiss Franc, and Yen. They keep me busy. Maybe next year or so, I will add some others.

[Plugger301]

Looks ok to me, just watch the fast market reactions that's where the pain can live. LOL

[unctarheel]

Did some looking at the second site I mentioned to you earlier when I saw this offer. Looks pretty good.

http://www.millennium-traders.com/services/free_forex_offer.aspx

[unctarheel]

Inquiring minds want to know. LOL While I am picking your brain I may as well ask what currencies you find to be more profitable to trade? TIA

P.S. Any opinion on this site: http://forex.com/ for trading currencies. I think you can get started rather easily and with as little as $250.

Edit: This site has an interesting track record too. http://www.millennium-traders.com/ Opinion?

[Plugger301]

For me the place to be is currencies and I have been focused there for two years now, I am not sure why Lee gave them up but I think the YM volatility is more suited to his paper cut style of trading.

[unctarheel]

Just curious, why your reluctance for you and I suspect Lee from trading the NQs? Just habit? Looks to me that the NQs have bigger moves and more profitable. Of course, the other side of coin is, if not careful, possible can lose more too. TIA

[Plugger301]

YMs are 5 point, I haven't traded NQs for awhile but I seem to remember 12. As for brokers, I still use Interactive Brokers, check around some offer more bells and whistles.

[unctarheel]

A newbie futures question. The YMs and NQs are worth how much per point? What broker do you suggest? TIA

[Plugger301]

Shoot, it started at 1.8634. Removed order.

[Plugger301]

I have a buy order waiting at GBP 1.8624

[Plugger301]

North Korea news out, I am flat. I hate it when this stuff happens! Junior with nukes nice!

[Plugger301]

Ooops, not out. Holding long, with a 15 tick stop. Sometimes my mouse is too sensitive. 1.2694 entry.

Edit and my typing could use a tuneup entry is 1.2594

[Plugger301]

Out

[Plugger301]

Long Euro here

[Plugger301]

OK for all of you who do not regularly back up your data.....Back up your data!!! I have spent two trading days getting things back to normal, and it could have been worse. I at least had my passwords and accounts where I could reach them.

[joebouganim]

A GREAT BOOYAH TO YOU MR. KRAMER

[Plugger301]

Ah, ok, I feel better now. Yankees win big, but for me the highlight was Robinson Cano bunting to move runners over, led to the first bat around. Yeah, baby!

[Plugger301]

And now Coco Crisp looks like he is an upgrade from Damon. Woe is me!

[Plugger301]

I don't like the looks of the revamped Red Sox. Entirely too comfortable and proficient! Loretta looks really good. Boo!!

[Plugger301]

Eco today


Mar 1 8:30 AM Personal Income Jan - 0.6% 0.6% 0.4% -
Mar 1 8:30 AM Personal Spending Jan - 1.1% 1.0% 0.9% -
Mar 1 10:00 AM Construction Spending Jan - 0.7% 1.2% 1.0% -
Mar 1 10:00 AM ISM Index Feb - 56.0 55.5 54.8 -
Mar 1 10:30 AM Crude Inventories 02/24 - NA NA NA
Mar 1 12:00 AM Auto Sales Feb - 5.5M 5.6M 6.5M -
Mar 1 12:00 AM Truck Sales Feb - 7.8M 7.7M 7.7M -

[Plugger301]

Out for ten

[Plugger301]

Bopped Euro at .26

[Plugger301]

Eco #s for Tuesday, Feb. 28

Feb 28 8:30 AM Chain Deflator-Prel. Q4 - 3.0% 3.0% 3.0% -
Feb 28 8:30 AM GDP-Prel. Q4 - 1.6% 1.6% 1.1% -
Feb 28 10:00 AM Chicago PMI Feb - 59.0 58.2 58.5 -
Feb 28 10:00 AM Consumer Confidence Feb - 104.0 104.0 106.3 -
Feb 28 10:00 AM Existing Home Sales Jan - 6.60M NA 6.60M

[lee kramer]

Hi renshen: Re OIH, it really depends on your trading style. We got a nice decline and the put options did well. Looking at the daily chart, volume was rather massive six days ago after the decline and OIH bounced from 132 to 142. OIH doesn't look as if it has bottomed...but I cannot really tell. My suggestion; do as you've been doing...keep taking some profits, keep holding some put options. When/if you see another sharp decline accompanied by massive volume it might bw wise to take a bunch of profits and...watch.

[lee kramer]

Hi renshen: Re OIH, it really depends on your trading style. We got a nice decline and the put options did well. Looking at the daily chart, volume was rather massive six days ago after the decline and OIH bounced from 132 to 142. OIH doesn't look as if it has bottomed...but I cannot really tell. My suggestion; do as you've been doing...keep taking some profits, keep holding some put options. When/if you see another sharp decline accompanied by massive volume it might bw wise to take a bunch of profits and...watch.

[renshen1]

Hi Lee,

I see you gotyour computer working... was wonderingif you've been lookingat OIH. My view is that it has not demonstrated a bottom yet... what do you think?

[Plugger301]

Today's Eco#s

Feb 22 8:30 AM Core CPI Jan - 0.2% 0.2% 0.2% -
Feb 22 8:30 AM CPI Jan - 0.4% 0.5% -0.1% -
Feb 22 10:30 AM Crude Inventories 02/17 - NA NA 4853K -

[Plugger301]

Todays eco #s

Feb 21 10:00 AM Leading Indicators Jan - 0.6% 0.5% 0.1% -
Feb 21 2:00 PM FOMC Minutes Jan 31 - - - - -

[Plugger301]

Todays eco #s


Feb 17 8:30 AM Core PPI Jan - 0.3% 0.2% 0.1% -
Feb 17 8:30 AM PPI Jan - 0.1% 0.2% 0.6% -
Feb 17 9:50 AM Mich Sentiment-Prel. Feb - 92.5 91.0 91.2 -

[Plugger301]

Off to get my golf clubs re-gripped. Going for oversized and see if my arthritis eases up. Already cut out coffee, that helped a lot! Only took two months to stop having caffeine headaches. LOL

[Plugger301]

Choppy ahead of the Fed, European traders hanging around and putting in overtime.

[Plugger301]

For Thursday we have the following eco stuff.

Feb 16 8:30 AM Building Permits Jan - 2060K 2068K 2075K -
Feb 16 8:30 AM Export Prices ex-ag. Jan - NA NA 0.1% -
Feb 16 8:30 AM Housing Starts Jan - 2040K 2023K 1933K -
Feb 16 8:30 AM Import Prices ex-oil Jan - NA NA 0.0% -
Feb 16 8:30 AM Initial Claims 02/11 - 280K 285K 277K -
Feb 16 12:00 PM Philadelphia Fed Feb - 9.0 9.2 3.3 -

[Plugger301]

I love the volatility but I must say that BB (Bernanke not King) needs to work on his cliches. They are his friends.I.e. "It is the responsibility of Congress to legislate social issues Congressman, I would be out of line were I to suggest legislation to this august body."

[Plugger301]

Here is the Bernanke jitters

[Plugger301]

Covered .61, will hit it again on a bounce

[Plugger301]

S Pound .67

[Plugger301]

Empire State # reaction weakens $. Pound overbought I am watching and waiting. 9:15 numbers may provide the catalyst.

[Plugger301]

Today we have this and also Ben Bernanke's first testimony on the Hill. I will be expecting volatility for both. Pound up on lower jobless in the UK, unexpected.

Feb 15 8:30 AM NY Empire State Index Feb - 18.0 18.0 20.1 -
Feb 15 9:00 AM Net Foreign Purchases Dec - NA NA $89.1B -
Feb 15 9:15 AM Capacity Utilization Jan - 80.7% 80.8% 80.7% -
Feb 15 9:15 AM Industrial Production Jan - 0.2% 0.2% 0.6% -
Feb 15 10:30 AM Crude Inventories 02/10 - NA NA -318K -

[lee kramer]

Hi rnshen: OIH, not yet. When I get the signal, I'll let you know...Lee

[lee kramer]

Plugg: And how do I reach you there? Can I call you today? I do need your phone mumber. It would help...immensely.

[renshen1]

Hi Lee, any thoughts on OIH? Looking out a couple of days to a couple of weeks.

TIA