Stock Market Today - Intraday discussion - Page 6786  

Yes that is exactly what would happen. Been there done that. Low percentage play.

If you want to go long at the close it would be better to just buy stock.

 

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Originally Posted by Money Game 

I was thinking of getting some call options here but I'd have to hold overnight and they will probably suck out the premium after the close. I'll wait until I see where this goes..

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Originally Posted by hermanpu 

I'm thinking about some calls as well, would definitely dump them at open if we're green. Not taking any chances.
 

 

Too late, maybe a stupid move but I couldn't resist,  in on SSO Jan 45's @ 1.14. Definitely a sell at the open if we're Green.

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Originally Posted by exodus 

Yes that is exactly what would happen. Been there done that. Low percentage play.

 

If you want to go long at the close it would be better to just buy stock.

 

 

That's what I do, buy stock.

This is on top of the 3% down last week.

It also should be noted that when the 1200 support was tested in November it didn't hold.
 

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Originally Posted by daande 

All you bears are acting like the world is falling apart we are down 1% calm down.....This isn't even a 3% down day lol.

CNBC reporting the selloff caused by BAC dipping below $5, but when I check my 1 minute chart, the indices started selling off at 3:04, and BAC didn't dip under 5 until 3:05.  Their peddling some misinformation to say the least.  Their problem is they need to have a reason for every little blip, and sometimes there isn't an obvious reason:

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Originally Posted by daande 

All you bears are acting like the world is falling apart we are down 1% calm down.....This isn't even a 3% down day lol.

Aren't you the one who just said why isn't the VIX up higher than 25? means people aren't rushing to buy protection, and no big moves seen in the near future.

Blue stag, within 1 minute, i'm sure the institutions could see the bid/ask very weak and knowing how their own algorithms work and knowing most people would sell instead of buy seeing $5.00 print, it wasn't too hard to front run that.

tommorw would be interesting.. didn't break 120 and low volume...

bought some puts for gambling   GLTA~!

All I can say is WOO HA!!!

I see what your saying, but CNBCs putting it out there like it was THE reason for the market selloff.  Not that I care what they say I don't look to that network for credibility anyway, just putting it out there.  

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Originally Posted by HINC 

tommorw would be interesting.. didn't break 120 and low volume...

 

bought some puts for gambling   GLTA~!

todays close should create some selling tomorrow for sure 

I think you and I both know it's useless listening to CNBC, they could link a panda birth at some zoo to a world rally, and it wouldn't shock me the least.
 

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Originally Posted by bluestaq 

I see what your saying, but CNBCs putting it out there like it was THE reason for the market selloff.  Not that I care what they say I don't look to that network for credibility anyway, just putting it out there.  

CNBC definitely has some cheerleaders, and ITT a lot of people have talked smack about 'em...

To the guys where this is their main source of income - what's your preferred market news source?  Is everyone just twitter junkies now?

Quote:

Originally Posted by bluestaq 

I see what your saying, but CNBCs putting it out there like it was THE reason for the market selloff.  Not that I care what they say I don't look to that network for credibility anyway, just putting it out there.  

Yep, CNBC does their best to dumb down any catalyst for any significant market move to their viewers.  Meanwhile, Cramer is on Defcon 1 with his hand on the red trigger last I checked.

I bet the selloff was caused by BAC dipping below $5.00 people in the know probably said we are going to stop the $5.01 market orders and minutes before they stopped them they pulled out of other stuff they held.

Yes i think BAC is a bear trap- Amurica doesn't want their flagship bank to look bad going into Xmas-.......

Pretty sure Washington can't control markets anymore. After shafting the banks with regulations, the bankers and politicians are not getting along too well.

As a politician to be pro banks right now is not going to get you more votes from the people. As fees are increasing and tight credit, the public doesn't like banks either.

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Originally Posted by bidie 

Yes i think BAC is a bear trap- Amurica doesn't want their flagship bank to look bad going into Xmas-.......

As TooShort pointed out, we're sitting on a support line on SPY ( and a whole bunch of other stocks as well )....make it or break it week....

It looks like there`s a good chance we will gap down below that support just like Da Majic parachutin Clowns did it on the way up then maybe there drunk and can try it upside down this time
 

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Originally Posted by OldFart 

As TooShort pointed out, we're sitting on a support line on SPY ( and a whole bunch of other stocks as well )....make it or break it week....