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Similar to the JOYG buyback announcement, the 15 million share POT buyback announced in January 2008 which was completed as recent as last week has now essentially been doubled to 31.5 million shares ( 10% of the public float ). Announcement made after the close of trading today. POT: +12.47

It wasn't "Daal" that stated that. It was the resident ET "paper-trader", Aaron Copulation that made the remark about the WSJ. :p

Wachovia.

It's not the WSJ you moron. It's the Washington Post. Perhaps a course in "Reading Comprehension" is in order for you! :D

LEH spiked from 3.90 up to 4.45 on huge volume on the initial news at 5:30PM, only to DEFLATE to where it is currently . . . 3.05 at 5:57 PM EST

http://biz.yahoo.com/rb/080911/banks_lehman_talks.html

Huge buy program in the OIH and energy stocks started at 3:30PM wow! :)

OIH Chart ( see below ) Double-Bottom at 152 intra-day then a 7 handle rally followed by a .618% retracement to nearly 154.50 before another rally . . . :cool:

That was a brilliant 10 handle A-B-C "measured-move" that took us down to 1222 SPX for a nice entry point after lunch. Amazing how those "measured-moves" work! :cool:

5 waves up in the SPX from the low registered in the first 15 minutes were completed at 1237 around Noon. Had to look to buy the retracement of that up move. 10 handles down to roughly 1227, then a counter-rally "pop" back up to 1232. Subtract 10 handles from 1232 to give you a...

Hurricane Ike has a "swath" that is 115 miles from the eye. Way bigger than Katrina!

Nice surge here in the SPX as crude oil closes near the lows. :)

VLO and SUN and the other refineries on FIRE due to the anticipated storm surge created by Hurricane Ike, which is currently having a bigger "wind-swath" and 50% more kinetic energy surge in the GOM than Katrina! Even if Ike doesn't get to Cat III or Cat IV strength, the storm surge to the...

For TD Ameritrade users. http://www.istockmanager.com/ Jerry Medved and the people at Quotetracker worked very closesly with the developer on the implementation of this new trading application. Right now, you can only access the trading application via iTunes via the link on the above...

Thanks Mup!

6.) Shorts

Mup, Got a count on the OIH by chance? Thanks! :cool:

It all depends on what your TIME HORIZON is. Are you trading off of Monthly signals? Weekly? Daily? Look for the technical analysis definition of KEY reversal, and go from there . . .

No, it was Pension Fund money. Check the stats for Q1 and Q2. Enormous flows into the energy futures sector . . . by PENSION funds.

29.62 last with a low of 29.32 :eek: