I looked out my window and saw it. I haven't felt this way since ADSP hit ran from 3 to 54 during Thanksgiving week with me shorting and adding the last half of the ride.
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I looked out my window and saw it. I haven't felt this way since ADSP hit ran from 3 to 54 during Thanksgiving week with me shorting and adding the last half of the ride.
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I thought you meant that someone took a header out the window
WalStMonky said:I looked out my window and saw it. I haven't felt this way since ADSP hit ran from 3 to 54 during Thanksgiving week with me shorting and adding the last half of the ride.
Dude, you too? I was the 200K firewall block on BRUT that got smashed!
Dude, you too? I was the 200K firewall block on BRUT that got smashed!
Wow small world. By all rights my trade should have been forcibly covered because my account went negative when it crossed 52. Totally ruined me for trading. That's the specific event that made me hang it up. Ended up being lucky as heck because I went all cash across all accounts as a result. Nice portfolio to have in 2000 I must say. 2008 too, wish it were so this time around.
Anyway, it's a myth that there were any jumpers in October of 29.
WalStMonky said:Dude, you too? I was the 200K firewall block on BRUT that got smashed!
Wow small world. By all rights my trade should have been forcibly covered because my account went negative when it crossed 52. Totally ruined me for trading. That's the specific event that made me hang it up. Ended up being lucky as heck because I went all cash across all accounts as a result. Nice portfolio to have in 2000 I must say. 2008 too, wish it were so this time around.
Yeah, I have two of my screens printed and framed from that day - Locate message screen with "Located: ADSP 7, OK to short" together with the matching "BRUT: Fill" screen when they are executing bloody 20 shares at a time eating my block like termites.
When I finally covered at 4 I bought an extra share and had it certificated and framed. It was actually the most profitable trade in my career. Regardless, six sigma events suck.
Well, I guess they managed to calm people's fear by saying they're going to shut down the markets so stocks are rallying. Ding dang it I hate forced MOC orders. I wanted the indices down 10% today. I guess I'll skip buying the FIDSX today.
WSM
There was a lot of buying today
I felt it today too and bought November RIMM puts just out of the money (this morning.)
I follow my method/trading rules to the end.
I see the MOTH OF all short cover rallies.
I could very very well be wrong, but my TA says I am right. I follow it to the end. No regrets. I have waited anxiouslyt 7 days for this.
I have no idea what you people are talking about.
It's like listening to teenagers talking "text message" (BFF, TTYF, etc.).
WalStMonky said:When I finally covered at 4 I bought an extra share and had it certificated and framed. It was actually the most profitable trade in my career. Regardless, six sigma events suck.
Well, I guess they managed to calm people's fear by saying they're going to shut down the markets so stocks are rallying. Ding dang it I hate forced MOC orders. I wanted the indices down 10% today. I guess I'll skip buying the FIDSX today.
You prove truly are a sucker by this comment. The current news as of this evening is that the fed is going to directly buy stock in select institutions. The same institutions that rallied for the last 45 minutes today. Once in a while, you might happen to ride the same train as the insiders, but that's really the only time you will "make it" like you're bragging. Let me know if you have a 202 number on your caller ID around 3:10 today. and I'll believe everything you say.
EvilCapitalist said:Yeah, I have two of my screens printed and framed from that day - Locate message screen with "Located: ADSP 7, OK to short" together with the matching "BRUT: Fill" screen when they are executing bloody 20 shares at a time eating my block like termites.Holy Sy*&, you shorted 200k of ADSP at 7 on BRUT before it ran to 54 or so ?
delzy said:WalStMonky said:When I finally covered at 4 I bought an extra share and had it certificated and framed. It was actually the most profitable trade in my career. Regardless, six sigma events suck.
Well, I guess they managed to calm people's fear by saying they're going to shut down the markets so stocks are rallying. Ding dang it I hate forced MOC orders. I wanted the indices down 10% today. I guess I'll skip buying the FIDSX today.
You prove truly are a sucker by this comment. The current news as of this evening is that the fed is going to directly buy stock in select institutions. The same institutions that rallied for the last 45 minutes today. Once in a while, you might happen to ride the same train as the insiders, but that's really the only time you will "make it" like you're bragging. Let me know if you have a 202 number on your caller ID around 3:10 today. and I'll believe everything you say.
Hmm, so you're saying that I'm a sucker for backing away (still have my cash) because I didn't anticipate that the gov't sees the situation of these institutions as so dire that it is going to buy them up to keep them from going teats up? LOL, when I read the news I said, phew, close call. Anyway, I'm pleased that you think I'm a sucker. I'd be worried about myself if I had your seal of approval. Really, I mean that in the nicest possible way.
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For those of you unfamiliar with the ADSP juggernaut: linky
delzy said:WalStMonky said:When I finally covered at 4 I bought an extra share and had it certificated and framed. It was actually the most profitable trade in my career. Regardless, six sigma events suck.
Well, I guess they managed to calm people's fear by saying they're going to shut down the markets so stocks are rallying. Ding dang it I hate forced MOC orders. I wanted the indices down 10% today. I guess I'll skip buying the FIDSX today.
You prove truly are a sucker by this comment. The current news as of this evening is that the fed is going to directly buy stock in select institutions. The same institutions that rallied for the last 45 minutes today. Once in a while, you might happen to ride the same train as the insiders, but that's really the only time you will "make it" like you're bragging. Let me know if you have a 202 number on your caller ID around 3:10 today. and I'll believe everything you say.
If you think today's "rally" was institutions then I suggest you stick to mutual fund investing. It was a clear cut specialist book cleanup.
xoneinax said:EvilCapitalist said:Yeah, I have two of my screens printed and framed from that day - Locate message screen with "Located: ADSP 7, OK to short" together with the matching "BRUT: Fill" screen when they are executing bloody 20 shares at a time eating my block like termites.Holy Sy*&, you shorted 200k of ADSP at 7 on BRUT before it ran to 54 or so ?
I'd venture to guess I was the person that saved lots of shorts from a complete wipe out that fun week. Luckily for me GSCO called me with a 1.4M locate so I actually knew I would not be forced buy in. My highest short was 41 shares at 39 5/16. But I rode it well into threes.
That ain't nothin' but a little old dead cat bounce today.
Pigs and their money are being separated.
EvilCapitalist said:delzy said:WalStMonky said:When I finally covered at 4 I bought an extra share and had it certificated and framed. It was actually the most profitable trade in my career. Regardless, six sigma events suck.
Well, I guess they managed to calm people's fear by saying they're going to shut down the markets so stocks are rallying. Ding dang it I hate forced MOC orders. I wanted the indices down 10% today. I guess I'll skip buying the FIDSX today.
You prove truly are a sucker by this comment. The current news as of this evening is that the fed is going to directly buy stock in select institutions. The same institutions that rallied for the last 45 minutes today. Once in a while, you might happen to ride the same train as the insiders, but that's really the only time you will "make it" like you're bragging. Let me know if you have a 202 number on your caller ID around 3:10 today. and I'll believe everything you say.
If you think today's "rally" was institutions then I suggest you stick to mutual fund investing. It was a clear cut specialist book cleanup.
Thanks for the tip, I am a complete dumbass when it comes to trying to figure out this puzzling shearing of the masses, but I think I'll stick to investing in things I have a little more control over. For example, today, I just placed an order for a new radio commercial campaign. I think I'll leave this complicated wall street stuff to wizards like you guys who understand and implement these complicated options strategies.
What's your change in net worth over the last 12 months?
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