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S&P 500
5,592.18
(
-0.60%
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US TECH 100
18,632.40
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-2.30%
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Dow Jones
41,091.42
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-0.39%
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Brent Oil
77.71
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0.36%
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1.07%
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Ecomike

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Ecomike

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Re: ritster73 post# 124

Sunday, 10/25/2009 2:22:10 AM

Sunday, October 25, 2009 2:22:10 AM

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Based on recent market action, I decided to buy some insurance for my long positions like EK, and was amazed that I could buy a $3 December EK put for only .05/share late on Friday as the market and EK prices went south. Does not seem like the MMs think the stock will go that low this year, another good sign of a bottom at this price. Max pain for EK december is also $4, so I am holding my longs. Once again people this was a DOW 30 stock once, and will rise again IMHO. And their recent success at raising cash was good sign that big money people think it will make a comeback too.
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