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Great news for MacCain Dew,Better is Biden pick:))))))))))))))) This will be se sweet over the next few months. President MacCain, call the movers now:)
McCain takes lead over Obama:))))))))))))))))))))
WASHINGTON (Reuters) - In a sharp turnaround, Republican John McCain has opened a 5-point lead on Democrat Barack Obama in the U.S. presidential race and is seen as a stronger manager of the economy, according to a Reuters/Zogby poll released on Wednesday.
McCain leads Obama among likely U.S. voters by 46 percent to 41 percent, wiping out Obama's solid 7-point advantage in July and taking his first lead in the monthly Reuters/Zogby poll.
The reversal follows a month of attacks by McCain, who has questioned Obama's experience, criticized his opposition to most new offshore oil drilling and mocked his overseas trip.
The poll was taken Thursday through Saturday as Obama wrapped up a weeklong vacation in Hawaii that ceded the political spotlight to McCain, who seized on Russia's invasion of Georgia to emphasize his foreign policy views.
"There is no doubt the campaign to discredit Obama is paying off for McCain right now," pollster John Zogby said. "This is a significant ebb for Obama."
McCain now has a 9-point edge, 49 percent to 40 percent, over Obama on the critical question of who would be the best manager of the economy -- an issue nearly half of voters said was their top concern in the November 4 presidential election.
That margin reversed Obama's 4-point edge last month on the economy over McCain, an Arizona senator and former Vietnam prisoner of war who has admitted a lack of economic expertise and shows far greater interest in foreign and military policy.
McCain has been on the offensive against Obama during the last month over energy concerns, with polls showing strong majorities supporting his call for an expansion of offshore oil drilling as gasoline prices hover near $4 a gallon.
Obama had opposed new offshore drilling, but said recently he would support a limited expansion as part of a comprehensive energy program.
That was one of several recent policy shifts for Obama, as he positions himself for the general election battle. But Zogby said the changes could be taking a toll on Obama's support, particularly among Democrats and self-described liberals.
"That hairline difference between nuance and what appears to be flip-flopping is hurting him with liberal voters," Zogby said.
Obama's support among Democrats fell 9 percentage points this month to 74 percent, while McCain has the backing of 81 percent of Republicans. Support for Obama, an Illinois senator, fell 12 percentage points among liberals, with 10 percent of liberals still undecided compared to 9 percent of conservatives.
OBAMA NEEDS TO WORK ON BASE
"Conservatives were supposed to be the bigger problem for McCain," Zogby said. "Obama still has work to do on his base. At this point McCain seems to be doing a better job with his."
The dip in support for Obama, who would be the first black U.S. president, cut across demographic and ideological lines. He slipped among Catholics, born-again Christians, women, independents and younger voters. He retained the support of more than 90 percent of black voters.
"There were no wild swings, there isn't one group that is radically different than last month or even two months ago. It was just a steady decline for Obama across the board," Zogby said.
Obama's support among voters between the ages of 18 and 29, which had been one of his strengths, slipped 12 percentage points to 52 percent. McCain, who will turn 72 next week, was winning 40 percent of younger voters.
"Those are not the numbers Obama needs to win," Zogby said about Americans under 30. The 47-year-old is counting on a strong turnout among young voters, a key bloc of support during his primary battle with New York Sen. Hillary Clinton.
It made little difference when independent candidate Ralph Nader and Libertarian Party candidate Bob Barr, who are both trying to add their names to state ballots.
McCain still held a 5-point edge over Obama, 44 percent to 39 percent, when all four names were included. Barr earned 3 percent and Nader 2 percent.
Most national polls have given Obama a narrow lead over McCain throughout the summer. In the Reuters/Zogby poll, Obama had a 5-point lead in June, shortly after he clinched the Democratic nomination, and an 8-point lead on McCain in May.
The telephone poll of 1,089 likely voters had a margin of error of 3 percentage points.
The poll was taken as both candidates head into their nominating conventions and the announcements of their choices of vice presidential picks. The Democratic convention begins on Monday in Denver, with the Republican convention opening the next Monday, September 1, in St. Paul, Minnesota..
(Editing by Patricia Wilson and Patricia Zengerle)
© Thomson Reuters 2008 All rights reserved
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Trading quite a bit and doing well T/U. Just that with only 3 poste per day can't post much,not worth my time on this tiny site. How ar you doing? I hope well. You don't pay to post on this do you?
Making a big play on coal now btw. Going forward it will be a big winner. Cheers
T/U to all those good wishes on my daughters graduation from Dartmouth. What a beautiful weekend our family had. Enjoying a Great summer here in Chatham. Strippers fresh from the boat and grilled have been magnificent! My daughter is spending her summer on Med School applications,quite a process. My best to all and my wishes of Good Fortune. If any are in the Chatham area give me a ring:) We can meet at the Chatam Bars Inn for an adult beverage:)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29923576
Hey Sorta puss,you still have NO LIFE! LMAO DOUBLE at you!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1
(D)John Edwards,HUGE LOL!Daughters and wife are proud of the Lying PIG. Hey (D) Wives stay with their Lying Cheating husbands. Hillary should have leaked his Cheating ways. She would now be running for President! HUGE LOL! Clintons are losing it:))))))))))))))))))))))))))))))))))))))))))))))))))
Another 100 pts.+ today on my YM shorts. Thats $5.00 per contract folks. Been holding these for over a month, by anyones figures a years salary in June. Wish I could post more but fatso matt only gives me 3 posts per day and I lose motivation,can't get into any sigfnificant discussions:( IHUB Just wants to collect subscriptions guys! Matt is not interested in traders. I like this board and will post when I can, my best to everyone here. IMO the best board here, no BS. Cheers.
Been short the market for well over a month now,hope all is well with everyone here. Making some sweet bank holding onto YM shorts last 6 weeks, plus my daughter graduated from Dartmouth 2 weeks ago. Wonderful weekend in Hanover and it's even better to have her home. Just being patient watching the retirement fund grow. Hindenburg signals worked like a well oiled roadmap. Cheers everyone, looking forward to my summer time in Chatham and hooking some legal size Strippers, Mmmmmmmmmmmm!
BTW my long term Gold play is for sure a Home Run,:)
Making Huge Bank on this Plunge,Hope you guys shorted the market as well. Cheers everyone, tell Fatt Matt to sell his condo:)))))))))))))))))))))))))))))))))))))))))))))))))))
My Picks are as follows
Phil Mickelson,Justin Leonard,J. Fuyrk,Ryuji Imada,Stewart Cink. Total = 274
Thanks Benz, We had a wonderful weekend in Hanover NH.Cheers my friend. President Ellen Johnson-Sirleaf from Liberia was powerful in her commencement address.
http://www.dartmouth.edu/~gallery/events/comm08/12.html
I'll be at this link Sunday,Wonderful family day for us. Couldn't care less about the election right now. What a super young lady my daughter is.
http://www.dartmouth.edu/~gallery/
OBAMA STEALS Delegates from Michigan Voters!!!!!!!!!!!!!!!
Hussien OBAMA Disenfranchises Millions of voters
Huessien OBAMA LEAVES HIS CHRISTIAN CHURCH!!!!!!!!!!!!!!!!!
WATCH THIS on MEMORIAL DAY WEEKEND!
A Horses Arse, Remember this Trend????
Does the statement, "We've always done it that way" ring any bells?
The U.S. standard railroad gauge (distance between the rails) is 4 feet, 8.5
inches. That's an exceedingly odd number.
Why was that gauge used?
Because that's the way they built them in England, and English expatriates
built the U.S. Railroads.
Why did the English build them like that?
Because the first rail lines were built by the same people who built the
pre-railroad tramways, and that's the gauge they used.
Why did "they" use that gauge then?
Because the people who built the tramways used the same jigs and tools that
they used for building wagons, which used that wheel spacing.
Okay! Why did the wagons have that particular odd wheel spacing?
Well, if they tried to use any other spacing, the wagon wheels would break
on some of the old, long distance roads in England, because that's the
spacing of the wheel ruts.
So who built those old rutted roads?
Imperial Rome built the first long distance roads in Europe (and England)
for their legions. The roads have been used ever since.
And the ruts in the roads?
Roman war chariots formed the initial ruts, which everyone else had to match
for fear of destroying their wagon wheels. Since the chariots were made for
Imperial Rome, they were all alike in the matter of wheel spacing.
Therefore..the United States standard railroad gauge of 4 feet, 8.5 inches
is derived from the original specifications for an Imperial Roman war
chariot. And bureaucracies live forever.
So the next time you are handed a spec and told we have always done it that
way and wonder what horse's ass came up with that, you may be exactly right,
because the Imperial Roman war chariots were made just wide enough to
accommodate the back ends of two war horses.
Now the twist to the story...
When you see a Space Shuttle sitting on its launch pad, there are two big
booster rockets attached to the sides of the main fuel tank. These are solid
rocket boosters, or SRBs. The SRBs are made by Thiokol at their factory in
Utah. The engineers who designed the SRBs would have preferred to make them
a bit fatter, but the SRBs had to be shipped by train from the factory to
the launch site. The railroad line from the factory happens to run through a
tunnel in the mountains. The SRBs had to fit through that tunnel. The tunnel
is slightly wider than the railroad track, and the railroad track, as you
now know, is about as wide as two horses' behinds.
So, a major Space Shuttle design feature of what is arguably the world's
most advanced transportation system, was determined over two thousand years
ago by the width of a horse's ass.
And you thought being a horse's ass wasn't important??
Stocks fell hard again Friday, as this plunge from May 2nd, our recent phi mate turn date, continues. The Industrials have dropped 593 points since that day's closing high. The Dow sliced through its 50 day moving average support easily Friday, which is not good. That support level should have offered a bounce point, but it failed. That supports the argument that wave iii down is well underway. But this is just the first of a five leg decline for iii, so a break below the January lows is quite possible. If that happens, we are likely headed for 9,750.
Bought a boatload of DIA puts this week @ .08. Nice lottery ticket to bolster my DIA puts from earlier this month. Have a great Holiday everyone:)))))))))))
My Gold play is VERY exciting. Up a large sum and still holding everything. The "F" word Inflation was heard this week:)))))))))))))))
Fed used the F Word INFLATION. ZG's are LIFETIME WAGER as I statedn weeks ago! I am holding a TON of ZG's,am UP HUGE and HOLDING for the future wealth of my family. Damm the the torpedos I am going to RING THE REGISTER! PRAY THE DEMOCRATS STILL HOLD THE COUNTRY BACK FROM DRILLING AND REFINING! I WILL MAKE A FORTUNE ON THESE IDIOTS!:))))))))))))))
ZG+ 57PTS/@/$100/contract/Point:))))Years pay Folks Counting
I called 130 Oil,My ZG Gold longs are EXPLODING:))))))))))))))
Next week and months thoughts here.
Here is what is going on: Stocks have put in a multi-week top this week, our phi mate and Fibonacci turn window week, and have started a decline that should last several weeks. How low stocks go is important for the long-term forecast. Should this decline result in lower prices than the January lows, then the Bear market is intact. Should this decline fail to take out those January lows, then we must examine the quality of the subsequent rally to see if the Bear is over. A failure to take out the January lows, followed by a rally to new highs would confirm a new Bull market has started.
Most of our key trend-finder indicators are now on sells, or very close, and the Weekly and Daily Full Stochastic indicators for most major stock indices are also signaling sell here. Our next phi mate turn date is early June, so it is possible we go lower into that date. One key to watch for is a second Hindenburg Omen observation. Currently we only have one observation. If we get a second, then we are at greater than normal risk of a stock plunge, and it is a good bet the January lows will be taken out. Should we not get a confirming, second observation, then it is a good bet stocks will not take out the January lows. Pretty simple.
Short-term, we could see a small rebound rally early next week, according to the 30 minute Full Stochastics reading for the Industrials.
Oil set another new all-time high Friday.
Have a great weekend, and wonderful Mother's Day.
Oil goes to $130 then it falls back IMHO. So congrats on your profits, I would ring the register around $130. Cheers and as always my thoughts for Good Fortune to you and family.
Heating Oil/$6/Gallon/Gas $5/Gallon! It is coming folks and PEOPLE WILL SUFFER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Thank the Democrats. Supply and Demand could make this Great Country independent. Get ready to burn the dinning room table legs guys cause MILLIONS of people are going to SUFFER NEXT WINTER at $6/Gallon Heating Oil fuel! This Market is going to CRASH. The Dollar has already begun to CRASH, This market and your 401K's are going to CRASH with $6.00/ Gallon Gas! Tell me I am wrong!
Looking to take down some HUGE PUT PROFITS on X next week. Energy costs are going to KILL big X as is the economy after this UNBELIEVABLE push X has had. BTW, You guys know NOTHING GOES STRAIGHT UP! X HAS GONE STRAIGHT UP, I am ready and have plenty of dry powder.
Phi Turn date hit EXACTLY on the date predicted! ZG longs are Screaming Thank You:)))))))))))+ $100.00/contract! That is a play on Gold folks and we are positioned to make a KILLING! As I said a few weeks ago this is the opportunity of a LIFETIME IMHO!
Inflation is YELLING FIRE GUYS!!!!!!!!!!!!!!!!!!!!!!!!
I SMELL SMOKE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
You tell me,is everyone in your neighborhood feelingGREAT these days?????????? IMHO the answer is NO!
my warning to all here is to go to quality,cash or your rich grand papa!
My DIA puts are Coooking man and MY ZG (GOLD) Futures are SCREAMING!!!!!!!!!!!!!!!:)))))))))))))))))))))))))))))
In feel good about the position seward,with about six weeks to go we'll be able to make a run at some profits. Good luck to us both,cheers.
As predicted Phi turn date hits exactly on 5/7. Ended my ZG long buys (Gold Futures) with 3 seperate lots over the past 2 weeks with average in at 871. Still holding my DIA puts, should be getting those back to the profit area in the next few weeks imho. Gas is KILLING everyone around the country and we hit new highs again today, food prices way up etc.. people are miserable, this is not over. I am in a great position to cash in when Gold rebounds strongly again as the flight to quality begins and inflation yells "Fire". I already smell the smoke. Here is a sober opinion of todays action. (as a side note, these polititians make me sick. Gas holiday????? WTF is that,we need solutions for long term economic growth and the health of our country. They are all pathetic. Solutions = supply,our OWN and addded refinery capabilities.) Off the soapbox, now this will sober anyone up.
here is a recap of Wednesday's market action:
One would expect that a wave iii down would start with a bang, as wave threes are the most dramatic moves, and with Wednesday being the start of our scheduled phi mate turn date window, Wednesday's 200 point plunge in the Dow Industrials surely suggests the top is in and wave iii down has started. We have been suggesting for the past few weeks that we expected a top this week, and that appears to be the case. Key now is to watch the quality of the decline. Should new lows arrive, below the January lows, this stock market is in deep trouble, with a downside target below 10,000 for the Industrials. Wednesday also saw the large price move that Friday's small move in the McClellan Oscillator was suggesting would arrive within a few days.
Wednesday saw several of our key trend-finder indicators generate new "sell" signals. The NDX experienced a panic-selling 90 percent down day, which usually appear at the end of declining trends, or in this case, more likely, at the beginning.
We see tops occurring now in stocks and the Dollar, and bottoms in precious metals, and Bonds. Oil closed at another new all-time high again on Wednesday.
The Dow Industrials plunged 206.48 points to 12,814.35 Wednesday. The NASDAQ 100 fell 39.19 points Wednesday, closing at 1,951.42. The Russell 2000 fell 13.58 points Wednesday, closing at 716.21. The HUI Amex Gold Bugs Index fell 6.29 points, closing at 407.49. Gold closed lower at 869.6, inside an accumulation opportunity short-term. Silver fell to 16.62, and Oil closed at another new all-time high at 123.76. The Dollar rose 0.49 to 73.49, pausing along its journey toward the sixties, then eventually the 40's. Bonds rose a third of a point to 115^24. The PPT has to buy the long end to keep Bonds headed in the right direction, to support the housing market, unless a stock market collapse continues. The VIX rose sharply, up 1.52 to 19.20.
Added 4 more ZG's @ 870. Avg. in 875. I am very happy with this position and still have some dry powder ready. I fully expect this trade to generate a significant profit. The flight to quality is about to begin and we are well positioned to take advantage down at these prices. Still holding all my DIA puts, as the Phi turn date(5/7) gets closer my excitment level increases daily. Cheers and as always my thoughts of good fortune to all.
P.S. How did you like the putt I just made,good speed EH?
Looking to add to my ZG position today on this down move. My first couple snagged at 885 will be adding more today. Still holding my DIA June puts, deep under water but plenty of time on these so I am being patient. There is another PHI turn date due within the next week and after the recent market action it will be a sharp move down imo.
1st bite ZG gold Futures apple here @885.00 . Norkel ZG is the symbol for the E-mini Gold Futures contracts.Once a position is taken each $1 change in price(up or down) represents a change in value of $100.00/contract held.
This is an opportunity of a decade IMHO. Enough said,se'yall in the morning.
Planning on a Large buy Long ZG Gold in a.m.
Big news here if Dow closes above the 12750 number. Up here on options expiration day so we'll see how the market plays out throughout the day. I am still pessimistic until the market proves me wrong. Keeping an eye on gold as this sharp move down should provide a nice entry to go long again.
Here's a brief description of Wed.s market action. Amazing what the fed can do at will. Devaluation of the dollar has me extremely worried. Housing has taken its medicine the market needs to also 401 K's be dammed. Heck at this rate the future retirement dollars will be worthless to a fixed income retiree.
BTW I am adding to yesterdays DIA plays at the open if possible.
Everything pointed Wednesday to massive Plunge Protection Team hyperinflation intervention. The Dollar tanked, precious metals busted higher, and Oil set another new all-time high. These are artificial gains, the result of simply throwing more money supply at limited securities and commodities. The result is higher prices. The Master Planners have been conducting a once-a-week intervention rally, that gets mid-day legs from fearful shorts who cover - not genuine widespread buying from Bulls - and has served the purpose of stopping gathering downside momentum. This week is options expiration week, so the Master Planners want to protect put options writers with a rally. For those of you keeping score at home, weekly rallies have seen 416 points Tuesday, March 11th; 420 points Tuesday March 18th; 187 Tuesday March 25th; 393 points Tuesday April 1st; and 256 points Wednesday April 16th. The PPT did this from July 2006 through March 2007 and pushed prices a couple thousand points higher inside a completing Bull market. Now they are hoping to keep prices sideways in a Bear market long enough for the Bull to take over on his own. Amazing, and it is legal. However, we still have lower highs over the past six months, we have one new Hindenburg Omen Observation, and an interesting point is that rallies actually set up conditions necessary for further H.O. observations. Once we get two, it is an official comfirmed signal, meaning a major decline is likely, in this case a further major decline since the Bear has already taken 11 percent off the Industrial's highs.
It is amazing to see Trannies rise 190.64 points on a day Oil hits $115 a barrel, a new all-time record high. Guess higher fuel costs is a good thing for transportation company earnings. Hmmm. We have indicators that tell us the quality of each day's rally or decline. The DP/SP indicators tell us today was plain and simply an unhealthy short-covering rally where those most pessimistic about the markets are forced to buy stocks they have agreed to sell at a fixed price without owning those stocks.
However, enough of that. Let's get to the brass tacks of what is the key technical factor to keep an eye on Thursday. Once again, prices in the Industrials are bumping up against a 2008 upper horizontal resistance boundary line. A decisive breakout above 12,750 would argue that a Bullish multi-week breakout is occurring. In fact, that could argue that the Bear market is over and a new Bull market has started. Elliott Wave analysis doesn't quite buy that as there is a plausible scenario where Industrials rally toward 13,000, yet still are corrective, setting up another major down-leg. But this four month sideways trading range needs to be respected.
Oil closed at another new all-time high Tuesday, at $115.02. The Dow Industrials rose 256.80 points to 12,619.27 Wednesday. The NASDAQ 100 rose 52.16 points Wednesday, closing at 1,846.89. The Russell 2000 rose 21.33 points Wednesday, closing at 713.39. The HUI Amex Gold Bugs Index rose 23.33 points, closing at 475.16.
Gold closed up at 945.1, inside an accumulation opportunity short-term. Silver rose to 18.31, and Oil hit an all-time closing high, at $115.02, headed for $130. The Dollar got crushed, down 0.69 to 71.39, along its journey toward the sixties, then eventually the 40's. Bonds fell a point and a half to 117^00, not liking the Fed's inflation injection. The VIX fell 2.25 to 20.53.
Right now we see the Dow Industrials and most major averages stuck in a sideways trend-channel. The Industrials have been range-bound all of 2008, unable to escape the support of 11,700 and the resistance of 12,700 on a closing basis. About a week ago, the Industrials acted like they wanted to breakout north, but the resistance line just wouldn't let them. They appear to want to try again this week. Charles Dow called these periods "lines." But we do know a couple of things. First of all, the longer this sideways range goes on, the deeper the breakout up or down out of this range will be. The second key point is, once prices breakout from this range, either above 12,700 or below 11,700, prices should run hard in a sharp up or down trend. If the upper resistance line holds, we may want to prepare for another decline.
Took a stake in the following positions today,1st entry
DIA June 110 Puts @ .68 (Lottery play)
DIA June 115 Puts @ 1.32
POT play officially closed 10 BAGGER:))))))))))))
Thanks for the heads up and your kind remarks Option. She is a remarkable young woman with aspirations for medical school. We have the whole family coming in from around the country, should be a wonderful few days.
RE: The market, As you said looking strong before the open. I feel confident in my projections and I'm giddy with the prospect of an entry at lower prices. Patience Grasshopper is the way to go. I feel like I'm in a duck blind just laying in the weeds.
Tomorrow A.M. plays are as follows. I am looking to add a VERY LARGE PLAY which is in addition to my current play of DIA Puts. Tomorrow I will be looking to add the following
DIA June 115 Puts(Currently $1.90)
DIA June 110 Puts (Currently $ 1.06)
As many here know I am holding May 120 puts,this play gives you an indication as to where I believe we are headed over the next few months. I am also short the YM's and the NQ's.Up Huge BTW Also short DRYS May 60 puts which are currently under water.
Well there it is out for all to see,when my daughter graduates this June from "The Big Green" I will be smiling in more ways than one but none better than my Love for her. Cheers everyone and my thoughts of Good Fortune and Health to everyone.
Heads up to all,I will be posting another opening position before the market opens tomorrow to ensure that anyone who wants to tail me has an opprtunity to do so. I AM VERY EXCITED ABOUT THIS TRADE
Cheers and as always my thoughts of Good Fortune to you and family go out to all here on this thread. BTW Ihub stinks.
Looking to buy some puts this morning,I want to be patient see where we are headed and jump on a good entry. Earnings play here on VMW May 45 puts. Listed at 2.30 now looks like we can get some cheaper,we'll see.