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Great goin', Multi! I really think though, unless you can enlighten otherwise, that today's midday APA spike is due primarily to the report that the top oil CEOs' meeting in washington have a unanimous defence and justification to the Senate inquiry for their oil price spikes and profits. Nevertheless, for all those invested, I hope the rally continues.
Now does anyone still believe putting a limit buy order for options is bad? I caught the spike. that was $2. Multioption congratulations.
I do get your point. See, I've always maintained that certain things happen in this world with no plausible explanation; such is the rationale behind Technical Analysis. Before Sept 11th, 2001, SP500, DOW, NASDAQ were all headed SOUTH, so I was bearish but when Osama Bin Hiding and his cohorts struck, the market took a plunge. I was fortunate to be in the market, but the question is: What drives the market; news or traders? Answer to that question is up for debate!