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Re: metropick post# 597

Thursday, 08/07/2008 3:31:51 PM

Thursday, August 07, 2008 3:31:51 PM

Post# of 708
Thanks Metro...

I'll look over that site later when I get some time.

Re: NYX - long-term, the value is still there. But, man, is it weak still. I didn't study that last quarter, but, looking at the revenue and eps, it really fell off from last qtr, and just barely above a year ago - so the sellers correctly knew what was coming. The Nasdaq numbers were improving with their acquisitions and got a quick bump, but have not seen #'s on US market share. Just looking at NY composite charts, trading volume was down for the recent qtr, but also don't know about the action in markets in Europe. As a value play, this is still a good one, but, man is that chart ugly. It's kind of ? - stunning. Good luck with it.

Me, I'm long other positions - some recently: MCD, BMI, CALM, a little tech, etc. But, tight stops, not much size, and otherwise, scalping some e-minis.

Wanted to mention a great read as it has been a tuff year for most people: Trading In the Zone by Mark Douglas. It's on psychology only and well written throughout. Great stuff for a market like this.

It'll be interesting to see the images from China in the next several weeks. Hope they get a little rain.

GL.