Super montage is having trouble getting thier shit together. My open P+L has me short 9,000 shares from 47 dollars. I have already been confirmed flat from the tech dept. NASDAQ is a joke.
Yeah, I was getting ready to take a nap and call it quits for the day when I saw the bulletin on CNBC. Htrader, what's this costing you, about $50K?
There´s a TWS bulletin out right now. Just gotta watch your 'Mobile Trader' if you´re out for lunch. www.interactivebrokers.com/html/tradingInfo/mobileTrader.html
to avoid EQUITY TRADING ALTOGETHER, and concentrate on E-Minis and T-Bonds. While the COCO debacle was going on for 2 hours, the T-Bond futures ran another $1,000 per contract on tip of their earlier gains off the weak unemployment number, and just eased $500.00 per contract heading into the close. Punch up the March Bond Contract and you will not want to ever trade a stock again!
Based on experience, I wouldn't be so quick to jump into this sector. It has been pushed to very high valuations. Now that the spotlight is on, there is a good probability that the stocks are going to be leveling at more reasonable PEs.
I'm still long half my COCO bought in the 52s - it's now trading 56.90. Let me know next time the T-bond moves 4 points in one day
In case you didn't know, each bond tick is worth $31.25 and there are 32 ticks in a full point. Today's range was $2,312.00 on ONE MEASILY CONTRACT. GET REAL!