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Stock Market Today : July 2nd - 6th - Page 2

post #21 of 372

laughing.gif If that happens it would seem Germany would be the cause for all 3 World Wars. 

Quote:
Originally Posted by mjoke View Post

LOL i think thats a big fat NO.. never ever .. cold day in hell if that occurs.

I wont get into the semantics.. but its more applicable that Russia adopts the euro (joke) than Germany leaving..

I find it funny that people are focused on spain and others,... all these countries who dont have central banks or access to print money, therefore are at the whim of speculation. Where as the US is the next shoe to drop, do any of you think we can afford 7% interest.. hell no... and the only way to deflect this attribute is to print.. and print and print and yes thats right PRINT.

post #22 of 372

^ hmmmn this one i would agree with

post #23 of 372
Quote:
Originally Posted by mjoke View Post

LOL i think thats a big fat NO.. never ever .. cold day in hell if that occurs.

I wont get into the semantics.. but its more applicable that Russia adopts the euro (joke) than Germany leaving..

I find it funny that people are focused on spain and others,... all these countries who dont have central banks or access to print money, therefore are at the whim of speculation. Where as the US is the next shoe to drop, do any of you think we can afford 7% interest.. hell no... and the only way to deflect this attribute is to print.. and print and print and yes thats right PRINT.

Very unlikely but it is possible. The idea of the European Union was to prevent another war after WW2 but I really don't think the Euro as a currency was ready to be inroduced when it was, more fiscal union was needed. The Germans have gained much from the Euro a cheap currency compared to what the good old Mark would be worth (against the euro) I suspect their exports to euro nations would have been reduced greatly. (For sure it made the VW range affordable in the UK!)

 

Imagine the Greek debt wiped out  (leave other nations out of it), just for fun/debates sake. I struggle to see the economy blooming again it, Greece as a nation is simply no where near as economically efficient as Germany are or indeed many of its other EU comrades...   eek did I say comrades...  

 

Merkel is under increasing pressure to give way and at every election her party loses ground. Not to far in the future is the possibility that Germany may actually wish to leave the Euro rather than support weaker fiscally disorganised members. Every one knows someone that is hopeless with there money and and I liken it (probably rather to simplistically for you but it makes it easier for me to process) to sharing a credit card bill with someone that just simply cannot live to their means.  I can think of one or two of my dearest friends but I'd hate to be fiscally united with them !

 

Its a &*ody mess the only way out that I can see is for a central goverment that strictly controls everything from the tax system (The Greek one is chaotic and needs to be overhauled completley) to how much each country spends on everything and I mean everything from the military to edukashun (joke.. please yourself)  This will not be easy as so many strong national identities ..

 

Reminded of a few NWO theories about goverment change and I laughed at them dismissivley something along the lines of *make the people so desperate that they demand the changes.. *

 

Glad your back posting again makes it more interesting as you get people thinking...

post #24 of 372

i was thinking we pop at open into the morning and then rest of the day would be a short. around 1370 seems like a solid area of sellers.

post #25 of 372

I'm looking at the market to tank and drop to at least 1335/1340. We shall soon see.

post #26 of 372

Holy low volume Batman.

post #27 of 372
AAPL off to a nice start
post #28 of 372
I sold 50 of my 400 aapl shares on Friday. That's why it's taking off. ;(
post #29 of 372

slow and steady wins the race... said the turtle to the wrabbit..

post #30 of 372
Quote:
Originally Posted by Venom08 View Post

I sold 50 of my 400 aapl shares on Friday. That's why it's taking off. ;(

 

Yeah I unloaded some July calls Friday for breakeven haha. I feel your pain.
post #31 of 372

ISM missed... 49.7  - contraction and hasn't hit this low since july 09.

post #32 of 372
Quote:
Originally Posted by mjoke View Post

ISM missed... 49.7  - contraction and hasn't hit this low since july 09.

 

The ISM was a large miss to expectations - at 49.7 vs consensus of 52.

post #33 of 372

PCLN tagged and sitting right below 50ma..

post #34 of 372
Quote:
Originally Posted by BobK View Post

I'm looking at the market to tank and drop to at least 1335/1340. We shall soon see.

 

I would like to revise this. Let's call it rev A.  1325/1335. Gotta go play some golf. GLTA.

post #35 of 372

TLT is at the level from a f ew days ago when SPX was around 1335.. now spx 20 pts higher..

 

BBY +11%

 

F weekly chart just atrocious

post #36 of 372

Got a question for everyone.  I've traded options for years and had something weird happen this morning. Around 10 this morning BBY had made a high of 22.90 (using a 10min chart). It bounced around from 22.70 to 22.80s for little bit and was so showing some weakness as it didnt look like it could break the 22.90 high again so I picked up some July 21 puts for .51 (price of the stock was around 22.75). As it broke 22.90 I sold and took a loss. It ran and made a new high of 23.57, I typically would double up and average down but for some reason didn't want to do it this time lol. The put came down some but then reversed and started going up as the price of the stock was at its highs of the day. As I type this now BBY is at 23 and the July 21 put is at .68-.69. I know options can appreciate regardless of the price of the stock because of upcoming earnings, etc, but Ive never seen one do this so quickly (within 15-20min). Has it just appreciated in anticipation that the company does not go private??

post #37 of 372
Quote:
Originally Posted by triton12 View Post

Got a question for everyone.  I've traded options for years and had something weird happen this morning. Around 10 this morning BBY had made a high of 22.90 (using a 10min chart). It bounced around from 22.70 to 22.80s for little bit and was so showing some weakness as it didnt look like it could break the 22.90 high again so I picked up some July 21 puts for .51 (price of the stock was around 22.75). As it broke 22.90 I sold and took a loss. It ran and made a new high of 23.57, I typically would double up and average down but for some reason didn't want to do it this time lol. The put came down some but then reversed and started going up as the price of the stock was at its highs of the day. As I type this now BBY is at 23 and the July 21 put is at .68-.69. I know options can appreciate regardless of the price of the stock because of upcoming earnings, etc, but Ive never seen one do this so quickly (within 15-20min). Has it just appreciated in anticipation that the company does not go private??

 

Because the volatility is increasing. Puts and calls can both increase in either direction if the volatility of the underlying equity spikes.

post #38 of 372

I can only guess that the VIX jumped after the poor ISM report and the demand for those puts went up as the stock went up. The longs might be hedging themselves.

 

I haven't seen anything that drastic, 40% increase in value as the underlying goes up while trading puts, but I guess it can happen.

Quote:
Originally Posted by triton12 View Post

Has it just appreciated in anticipation that the company does not go private??

post #39 of 372
Implied volatility
People paying more than the options are worth anticipating a large move..
post #40 of 372
I'm getting killed here. No movement.frown.gif
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