Sell mo' naked vola stock! Don't listen to them, they are pessimists. We're at strong support. We could easily only finish down 10 handles on the day.
Until you see a stabilization of housing, it is a very serious crisis. Lehman didn't close because of some fake crisis. AIG, Fannie, Freddie, and soon Citi didn't get nationalized for some imaginary crisis. The biggest investment names on Wall St. didn't just merge or become regular banks because there is nothing fundamentally wrong. The drop in housing has pulled down the whole financial system to the brink of collapse, and here you are buying short term calls in a full blown bear market. The days of easy credit for unqualified borrowers are over until the housing toxic debts are taken care of. And pretty much everyone knew this turd was going under, especially when the stimulus package took so long to get it done. There was no shock or awe, it was just, get it over with already so the market can go lower.
Finished for good?? One more move lower...Stock Turd is finished for good...and then.. BUY BUY BUY BUY BUY BUY!!!!
Dude, you're just bordering on annoying now. You lost all your money. Too bad. Whatever paper trade you have now is not going to really mean anything. The recession ain't fake. You have the fourth quarter GDP08 number to confirm the actual start of the recession. The irony is that we still don't have a second quarter of negative GDP growth to confirm the recession. All through 2008 the economy was growing, as as in 2007. You're about to step in front of a freight train. Did you hear that the market moves in both directions? And not just up? Seriously, wait for the next 30% rally from the lows. That would be more of a buying opportunity than anything.
We're recovering very nicely Intraday patters are very easy to predict, but longer term trends aren't. I'm going be redeemed, but the situation is still pretty bad. I'm also going ot launch an intra day calls thread, which is different than this
As much as I can get. Fading his calls is as close to arbitrage as you can get without doing actual arbitrage.
Yes the situation is bad.. But you are simply the worst trader in the history of mankind.. and nothing can redeem that...