How 'bout that stock market?

[steveny]

Made a good profit on a few quick trades this morning. Waiting for the next drop.

My predictions...600 points down by the end of the day unless we get another rate cut.

Where are the curbs?

edit...another sweet trade on bidu from ~251 to ~263. Damn this is FUN!

 

[NSXLuvr]

OH SNAP. Need to make some changes fast!! gotta go.

 

[steveny]

I think Wed. is the day to start buying calls for 2-3 months out. Opinions?

 

[steveny]

Just traded XOM for a 1.02 gain

 

[steveny]

We need more on the down side to start those margin calls rolling.

 

[robr]

Sure wish I understood this stuff. I'm still sitting here holding MI and MV and am down 31%.

 

[steveny]

Sure wish I understood this stuff. I'm still sitting here holding MI and MV and am down 31%.

MI is the only one in the green on my streamer.

 

[steveny]

all done for today just traded out of APA.

 

[steveny]

MI just made a good jump up rob.

 

[Sig]

3:00pm - 4:00pm should just as interesting as 8am-11am, which gave me whiplash despite being buckled in

I tell you, it was wild to watch the futures action pre-open this morning!

 

[steveny]

3:00pm - 4:00pm should just as interesting as 8am-11am, which gave me whiplash despite being buckled in

I tell you, it was wild to watch the futures action pre-open this morning!

I would suspect day traders are going to be getting out a lot sooner today. I think the action will start earlier than 3 pm.

 

[SilverStone05]

WHOA! Volatility is the key word today! Been in and out of AAPL all day in 5K share lots picking up half a point to a point everytime! :biggrin:

It's been great EVEN THOUGH AMERITRADE WENT DOWN THIS MORNING.
This happen to anyone else? I had to login using izone.

Great customer service on the part of AMTD, though...they ate one of my aapl trades and gave me a boatload of free trades.

I'm shutting it down....no telling what the last hour will bring.

 

[steveny]

WHOA! Volatility is the key word today! Been in and out of AAPL all day in 5K share lots picking up half a point to a point everytime! :biggrin:

It's been great EVEN THOUGH AMERITRADE WENT DOWN THIS MORNING.
This happen to anyone else? I had to login using izone.

Great customer service on the part of AMTD, though...they ate one of my aapl trades and gave me a boatload of free trades.

I'm shutting it down....no telling what the last hour will bring.

That sucks about ameritrade. Nice of them to give you some free trades. You should check into trading with BOA. I get 30 free trades a month with BOA.

edit...don't you want to hold that Apple and see how the earnings report goes?

 

[Sig]

The golden hour has arrived. Relatively tame afternoon so far. The fickle finger of fate is spinning.

AAPL earnings later on should be fun for the NAS futures tomorrow.

 

[steveny]

The golden hour has arrived. Relatively tame afternoon so far. The fickle finger of fate is spinning.

AAPL earnings later on should be fun for the NAS futures tomorrow.

My estimates are way off. I figured we would be a lot lower a lot sooner.

 

[steveny]

WOW> the 160's for Apple are 10 plus bucks. 30k of them traded today. Could it really go past 170 on tonights report? It is down about 25% over the last month or so. Hmmmm.

 

[steveny]

What is going on here? I thought for sure we would drop off big? I sure wish I had held that BIDU a little longer, I could have doubled my profits.

edit..Who the f--k is buying this market to hold over night. People are nuts!!!

 

[Sig]

Selling is picking up a wee bit into the close, but nothing earth shattering. We were only down 40'ish on the dow a little while ago and as I type it's pushed to -140'ish in short order.

Unless the AAPL earnings are good with decent outlook or the ECB makes dovish comments tomorrow, I think we will be very red tomorrow. No pressure Apple

 

[steveny]

Unless the AAPL earnings are good with decent outlook or the ECB makes dovish comments tomorrow, I think we will be very red tomorrow. No pressure Apple

I think you might be right. I am not so sure I will try the same game tomorrow unless I see the same indicators I saw today before I jumped in. Today was a lot of fun for me I would love to do it everyday but it's not everyday there is a handout like today. I was expecting to just watch the thing tank today wasn't expecting the rate cut but as soon as I saw that I got sweaty palms and set up the laptops across the desk.. :biggrin:

 

[SilverStone05]

Ha...i wouldn't dare hold onto AAPL overnight. I'm buying and selling in a matter of minutes. Started at 1K share lots, went to 5K lots, then 10K lots.
If anyone was watching the level ii screens, that was me - NSDQ 10000
share lots on the buy and sell side all this afternoon. I'm not usually a trader like this, but man, this action is unprecedented.

Even if earnings go well, a bleak 08 outlook will send it to the floor. And Apple has been known to be on the conservative side with their forecasts.

 

[SilverStone05]

That sucks about ameritrade. Nice of them to give you some free trades. You should check into trading with BOA. I get 30 free trades a month with BOA.

edit...don't you want to hold that Apple and see how the earnings report goes?

I've been with Ameritrade since they were Datek. I've gotten so used to their trading platform that its tough to leave. Their customer service is second to none as well.

 

[goldNSX]

Volatility is NOT a reason to drop the interest rate by 5 points by the US national bank! If you win or loose money in the world greatest casino, sorry I meant the stock market it's not in the responsability of the national bank to 'reward' the (wrong) behaviour of the market participants. 5 points are at least 2.5 points shot in the air. The stock market is only reacting to the real economy in this case and it's not bad IMO to have a correction from time to time. Now it's time to have one. :wink:

 

[steveny]

Good call on not holding that apple. Glad I decided not to buy those calls.

edit...Alllllllthough maybe I just might buy some tomorrow a few months out.

 

[queenlives]

Good call on not holding that apple. Glad I decided not to buy those calls.

edit...Alllllllthough maybe I just might buy some tomorrow a few months out.

just checked aapl (after release of earnings) and @ this point, it's down 18.95.

woof.

 

[SilverStone05]

AAPL Down 22 bucks AH on weak forecast.