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    "overreactions"

    Ken Wolfe who posts on Real Money from time to time has a "Dumper Play" strategy where he screens for stocks that are down 20% in pre-market on big volume. He then looks for the stocks to start to come in a few minutes close to the open. If you follow the levels of short selling, and notice...
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    recommeded books

    Philip, The Visual Investor by John Murphy does a decent job of explaining intermarket relationships. He has a few others, but I did not find them as useful. I would highly recommend When To Buy/When to Sell/ The Nature of risk by Justin Mamis. A three book series. There are also...
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    have fun with this one (holy grail!?!??!)

    rcreal, Those charts look identical. I guess Amway has finally caught up with daytrading.
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    Stiff Neck

    Bung, There is a product on the market called Capsaicin, you find it in the same section as Ben Gay or Flex All. CVS and Walmart have generic versions. It has no odor, and really works to relive pain. I used to use it on my knees when I was running. A tube will usually run about $7...
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    Quick Wash Sale Question

    Prosco, Not as you phrased the question. As long as you have no position in xyz within the next 30 days you are fine. Your Example sold xyz for a $10 loss. Buy xzy for a and sell for a $5 loss, (commissions are added to your basis.) You have to wait 30 days to reenter the position...
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    What is Arbitrage?

    Trader, Other than to reiterate what has been posted, there are two types of arbitrage. One is "riskless" and the other is risk. Riskless arbitrage would be a play on price discrepancies that exist in markets. The most common being the imbalance between the price of a futures contract...
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    DIA or YM / YJ ?

    I don't know what sort of set ups you trade, so this may not matter but SPY trades about 12M shares per day on most ecns and NYSE and AMEX books. The spread on DIA is a little higher, but still tradable. I met with some traders recently who trade the e-minis and they seemed pleased with the...
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    Best and Worst CNBC Commercials

    You ain't kidding there. I had the bid trade through my limit price to sell while I had a customer service rep on the phone from TD. Closed that account. IB is just unbeatable for small investors and traders. The more I use them the more business I want to give them.
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    Plunge Protection Team

    Riegel, Having worked on the consulting side of a big 5 firm, I can say that the advice was not much better there. The problem was greed. Partners would rather take fees for a job than to walk away and tell the client this won't work. And the relationship on the auditing side was awful...
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    Slick Willie, America's WORST President

    If we are going to blame the current mess Bush has to deal with on Clinton. And if we want to Blame what Regan had to deal with on Carter. Then it would only follow that the inflation Carter dealt with was created under the Ford administration. Otherwise the argument is non sequitur...
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    Slick Willie, America's WORST President

    1reason, I think the vote itself gives you free speech. But if you have more money than than I, then my free speech is put at risk because I will not receive the same portion of the politicians ear. As for term limits, I don't know about that. Where there are some fields that time builds...
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    Plunge Protection Team

    I could not imagine making a major business decision or signing a contract without consulting an attorney. Setting up a trust or buying a property come to mind also. But for the life of me I don't understand how a guy can be sued for breaking the kneecaps of someone who breaks in to his...
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    Shorting Against the Box

    AAA, That was my thought on this. It used to be that if you had a gain in a stock that you could short against the position in december and then take it off in January thus deferring your taxes to the following year. I looked it up, and this appears to be the rule. If you short against...
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    Slick Willie, America's WORST President

    I suppose if we want to play partisan politics we could blame Regan for quadrupling the national debt, arming the taliban, arming the iranians. We could blame bush senior for not taking out sadam and a recession. We could blame Clinton for not taking out Bin Laden and bad make that horrible...
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    Plunge Protection Team

    I would give up two possible scenarios. The first is short covering. The short level is very high, and since each sell off has rallied it is hard to press shorts, so they cover. The second is that there are several indicators that indicate a short term oversold condition. So maybe we are...
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    exchange traded funds(ETF)

    Try these on for size.. http://www.holdrs.com/holdrs/main/index.asp http://www.holdrs.com/holdrs/main/index.asp http://www.holdrs.com/holdrs/main/index.asp
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    Best and Worst CNBC Commercials

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    Pledge of Allegiance unconstitutional

    Public schools in my opinion are there to teach children how to function in society. One of those functions is to be tolerant of others and their beliefs. It seems to me that a moment of silence is fair to all. If kids want to say the pledge with god that is fine. If the want to worship...
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    THat hot HOusing Market....

    There were a few gaps down that came up on my screens tonight including some mortgage reits and a handful of reits. Now I remember the big sell-off in Oct of 2000 being blamed on the election and the lack of certainty. And I guess we could blame the gap on the big gap down in the market...
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    Your top 3 stock picks if you had to go long

    I don't think of my picks as long term. I more think of them as prostitutes and I'm their pimp daddy. It seems in this market that it is good to have a stable of both long and shorts. When the buyers get excited I can send one of my ho's to please them. occasionally, I will borrow a ho from...
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