bluestreak you being back only means one thing, new highs on the DOW tomorrow morning before the markets even open based on some good CPI numbers. The chance of a 150 point loss on the dow tomorrow is 0.5%%%%%.....if its down 150 tomorrow you can post all the "dow will be down 150 points tomorrow" anytime you want. I get bored sometimes trading, Et is a good diversion every once in a while..........but dow will be down 150 points at some point today!!!!!!!
Who else knows the only way to play the A-SHARES? (Hint there is only one Closed-end Fund and it is trading around a 10% discount after a nice 35% run off the March 5th low....) Just a guess> Morgan Stanley China A Share Fund, CAF, 20.52% . I know there is some A share anxiety creeping in but i remind all ETers that the best stocks from China the one's with the cleanest books are already here and you could just buy ACH, FMCN, CHDX and do very well. ~stoney PS Blue welcome back buddy we missed you the last 20 or so trading days as we erased all of Feb's freefall! Yes there will be mid week volatility due to options we will have to follow the earnings carefully first bad day's worth market will sell off-- probably Wed.
got the core right, market is down at the moment which means: BUY anything and everything. Tonight INTC and YHOO report, earnings of course should be perfect.
Good buying opportunity here. The data was good. Selling is similar to the selling last friday before the nasdaq closed up .4% Profit taking
I wrote this yesterday but must have missed the post button because it didn't (post) But there were a few 500 lots of 127 puts yesterday, including one at a price of .50 at 11:01 am, so the OP could indeed have $25k riding on this bet.
12 out of 13 days the dow is up.. 12300 to 12773 has been the run.... nearly 500 point gain with only 1 down day.