This just in: Bush, Bernanke smurk at predictions by William Rennick of Elite Trader; calls for weak market action on 7/16/08 proven incorrect. In this file photo, President Bush is seen having a closed meeting with members of the President's Working Group on Financial Markets.
Oh well bad "Ball" today. FYI, historically the "Ball"'s accuracy during OP ex weeks is lessened due to the fact that the big options players are in control instead of the "Smart Money" ,which is the crowd the mighty "Ball" tracks. Not an excuse, just a proven observation. Rennick out
I sure hope WM posts gains made in his "quest". After all 7 or 8 "wins" out of 10 or so is likely profitable. GA PS I bet that ~39 (bad) print on the Vix at the open was on purpose - but they are quickly running out of tricks. Soon enuf tho the Big Boys will step in and life will go on.
Took a hit today, acct. was doing nicely now valued at 85.00. Not posting often due to "jinx" factor. I was worth 265.00 and a on a hot streak. Rennick out
I forgot it was options expiration Friday. I've been cashed out of all my covered call positions for some time, now. At least you got enuf working capital to keep moving ahead - even if that is <i>just</i> $85.00 (no, not a misprint). I even opened my latest short positions right at 2:10 or so - forgetting about the minutes release:eek:. But that explanation lends a lot of understanding behind the latest move(s). pay$$