"BUY THE RUMOR, SELL THE NEWS." You heard it first from BlueStreek; now you elite traders know what to do tomorrow ! http://www.fool.com/foolu/askfoolu/1999/askfoolu990901.htm
Tomorrow Wednesday??? You two are out of your minds! S2007 you are implying odds of 9 to 1 against a sell-off, Restricted you are implying infinity to one. So if I offered either of you 1 to 5 that would be a real overlay, wouldn't it? I am the only bid on the Apr YM 12800 puts right now. Why don't one of you hit that bid? If there is no chance of the market going down then it's free money for you. Thanks. .
Like I posted on the other forum, the futures are down at the moment, but I believe they will be somewhat higher by mid morning. New money continues to pour in. They say there is more RISK not being in the market. Pay close attention to Margin Debt, making record highs as the DOW continues to push higher.
...let me see,the day before the 500 pt drop i bought some oex puts that were 35 pts out of money.I paid 70 cents for them.The next morning i got out when they reached 2 dollars.I was happy with a triple.About an hour later the market just tanked.Those puts then exploded up to 13 dollars!!!!Man did i miss the boat on that.