Against CW, I should have pointed out that even though the USD has found a bottom, Gold hasn't found a top... Atticus, in reference to the German guy story, if you know, could you post what a sample of what an exotic options trade in the DAX would look like. Just curious. Thanks.
I keep making the same mistake, over and over again. Tap into this thread expecting to read something pabst wrote, because I enyoy his scribing. Instead my eyes keep getting assaulted by worthless drivel. Pabst, look forward (as always) to reading your posts in other threads as I drop in here from time to time. This thread is kaput.
I received complaints about a recent squabble in this thread and have removed a few posts. Let's please remember this is Pabst's thread, and if you want to carry on an argument as to who has the bigger stick or prettier girlfriend best to take it to Chit Chat where it belongs. Thanks. Magna
And as long as I have Pabst permission to post "blue ribbon" trades, I will. A "blue ribbon" trade is defined as: 1) A stock trade call on THIS thread 2) The call is AHEAD of the fact 3) The trade is simple 4) The trade's goal is to earn +10% on that stock/trade in a DAY (or 2) I already went 5 for 6 on this thread (with 3 of 6 hitting "blue ribbon" status), but who cares now? I'm more than game to continue posting "blue ribbon" specials, and i'm sure Pabst will welcome anyone who wants to post their own "blue ribbon" stock trades which follow 1) and 2) of the above criteria. Lots of people keep telling me how simple it is to have "blue ribbon" trades, yet no one has come forward to try it besides me and Pabst.
Been traveling a bit but the cold snap up north has driven me back to Florida. I sold out my put spreads in the Euro with futures at 144.08. I may regret this cover but on any Euro rally I'll put something back on. I've been long some 1480 puts (at 24) in ES for a while and today i bought some 1460's in Dec and sold 1440's. I also bought 5 Jan 1440's. We'll see if stocks can break in the face of such overwhelming negative sentiment. I know a few cycle guys are looking for lows this week. Hope they're wrong. It's my feeling in the face of last weeks stunning price data that the Fed will no longer defend credit/equity markets at these levels. Hence the rally in the dollar. Stocks should auction lower.
Bob Rowshan purchases ENR on Oct 30th for $100.10 http://www.elitetrader.com/vb/showthread.php?s=&postid=1659461&highlight=enr#post1659461 Bob Rowshan purchases GME on Nov 20th for $48.05 http://www.elitetrader.com/vb/showthread.php?s=&postid=1685581&highlight=gme#post1685581 If i'm not met by interference, for which there will be a flag thrown and penalty assessed, I will go 5 for 6 in January and have more great purchases like ENR & GME. Look at the purchase price of both stocks, and see if they ever subsequently traded at lower prices (no), and see where they are today a month later.
Ok I'm game I don't want you to be alone here. My point was that trading can be streaky, no bash on your expertise. For what it is worth I don't care if you go 99/100, it will not increase my equity one penny. Ok, fade RIMM here trading at $119.70 looking to get out at $115.00 stop at $125.00.