HotStockMarket › Forums › HSM Stock Forum › Stock Forums for NYSE, NASDAQ, AMEX › Stock Market Today - Intraday discussion
New Posts  All Forums:Forum Nav:

Stock Market Today - Intraday discussion - Page 2728  

post #54541 of 136697
5/6/10 at 5:52pm
out shorts, in SPY long, giddy up! dead cat bounce plz

Featured Stories on HotStockMarket

Educational videos for new investors!
Mark's Weekly Trading Log
Stonerangers forum
post #54542 of 136697
5/6/10 at 5:53pm
Quote:
Originally Posted by drillindk View Post
SPY May 116 Calls @ 1.86
calls?

I want to go for some RIG calls for a bounce play on this double bottom...but I'm afraid we fall further and it falls through support :/
post #54543 of 136697
5/6/10 at 5:55pm
Quote:
Originally Posted by o7media View Post
calls?

I want to go for some RIG calls for a bounce play on this double bottom...but I'm afraid we fall further and it falls through support :/
My stop is just below the low of the day. Around S&P 1144ish
post #54544 of 136697
5/6/10 at 5:55pm
lol i turn bear the second everyone else turns bull..grrr
why did i start options this week...
post #54545 of 136697
5/6/10 at 5:56pm

Russell

Anyone notice how the Russell doesn't bounce with the other indexes? Been this way all day it seems
post #54546 of 136697
5/6/10 at 5:56pm
Quote:
Originally Posted by veggrower1955 View Post
The reason Greece can't print more money is that it is a 'Euro' country. Its currency is the Euro and therefore how many Euros are printed is not controlled by Greece or any other single country....that is controlled by a 'committee'. If you've ever worked for even a mid sized company you know how hard it is for a committee to reach a consensus.
Ah, thanks for the clearup. At least i got the point of it not being able to print money like the US right
post #54547 of 136697
5/6/10 at 5:56pm
Quote:
Originally Posted by veggrower1955 View Post
The reason Greece can't print more money is that it is a 'Euro' country. Its currency is the Euro and therefore how many Euros are printed is not controlled by Greece or any other single country....that is controlled by a 'committee'. If you've ever worked for even a mid sized company you know how hard it is for a committee to reach a consensus.
a years ago greece get a lot of money from EU funds
but they spend it without some smart investments

now it is a time to pay back...or bankrupcy
post #54548 of 136697
5/6/10 at 5:56pm
ES 1143 she will get 1140.. and then bounce around. - not sure how much lower it can go besides 1030..
like i said the other say could of seen another 20-30 pt slide, which has occurred.
post #54549 of 136697
5/6/10 at 5:58pm
anybody else watching the live coverage in Greece? Crazy... it looks like its about to get wild, someone just threw a moltov cocktail or something on fire at least..
post #54550 of 136697
5/6/10 at 5:59pm
Quote:
Originally Posted by veggrower1955 View Post
The reason Greece can't print more money is that it is a 'Euro' country. Its currency is the Euro and therefore how many Euros are printed is not controlled by Greece or any other single country....that is controlled by a 'committee'. If you've ever worked for even a mid sized company you know how hard it is for a committee to reach a consensus.
Bible thumpers must be having a hayday these days with this concept
post #54551 of 136697
5/6/10 at 6:00pm
This looks a lot like the 10700 correction. We went all the way back down to below 10k. Once profits were taken, everyone slowly jumped back in up to 11200.

So, if this is the same, when can we expect this to turn around and what will be the next level to turn around at after 11200?
post #54552 of 136697
5/6/10 at 6:01pm
Quote:
Originally Posted by BranRx View Post
Bible thumpers must be having a hayday these days with this concept
That's what they get for going with a universal currency.
post #54553 of 136697
5/6/10 at 6:02pm
Quote:
Originally Posted by YLC View Post
Ah, thanks for the clearup. At least i got the point of it not being able to print money like the US right
You're right. I think it is Zimbabwe with the 10 trillion note...some African country
post #54554 of 136697
5/6/10 at 6:02pm
I still don't think its a good time to buy again yet... stocks making new 52 lows expanding quite significantly (12 month highs). Plus, not liking that China chart...

A bounce, I would not be surprised by though.

Time will tell, I suppose.
post #54555 of 136697
5/6/10 at 6:03pm
Quote:
Originally Posted by moosh View Post
Yea, and since were so close to it im convinced it will bounce off it or break it (yikes). Thinking of getting a spy put to hold till tommorow. Thoughts?
I don't think I'd take a short here, if anything a long position if support continues to hold. It depends on your time horizon though, if you're an intraday trader you'll probably find plenty of short trades to take. At this point I'm just waiting for something more definitive before moving.
post #54556 of 136697
5/6/10 at 6:05pm
Quote:
Originally Posted by YLC View Post
Ah, thanks for the clearup. At least i got the point of it not being able to print money like the US right
Being able to print money is not a good thing btw
post #54557 of 136697
5/6/10 at 6:05pm
Quote:
Originally Posted by BranRx View Post
Bible thumpers must be having a hayday these days with this concept
Bran, your new avatar is burning my retinas...can't stop staring at it.
post #54558 of 136697
5/6/10 at 6:06pm
closed that put at 2.68, opened it at 2.46. First closed option trade
post #54559 of 136697
5/6/10 at 6:06pm
Quote:
Originally Posted by veggrower1955 View Post
Bran, your new avatar is burning my retinas...can't stop staring at it.
Lol, dont stare directly at my avatar
post #54560 of 136697
5/6/10 at 6:07pm
Boom
New Posts  All Forums:Forum Nav:
  Return Home
This thread is locked  

Featured Stories on HotStockMarket

Educational videos for new investors!
Mark's Weekly Trading Log
Stonerangers forum
HotStockMarket › Forums › HSM Stock Forum › Stock Forums for NYSE, NASDAQ, AMEX › Stock Market Today - Intraday discussion