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straddles and strangles have been working pretty good this month, there has been plenty of volatility.

I've seen mechanical stop and reverse strategies advertised for sale. One thing they never show you is what happens when the system is wrong ? Will it keep whipsawing you to death ?

Of course, it could have all just been short covering. I'm sure there was "panic" short covering, but it was triggered by a massive purchase of futures by somebody unknown. I'm just speculating on who that really was and what motivated them. Also, i'm pretty sure it is against the rules for...

Beazer homes already cracked, many others to follow. The real estate bubble hasn't popped yet, as people have been buying real estate instead of stocks and credit has been too easy to get. Fannie Mae and Freddie Mac have stopped forclosing on people, instead taking the amount they are behind on...

"Because of the size of the order -- 10,000 contracts -- he said floor dealers "panicked" and started covering their own shorts" Somebody please tell me, who is so altruistic and so well capitalized that they bought 10,000 full sized S&P 500 futures contracts during the worst of the drop...

Don't give Amway any ideas, they are always looking for new business opportunities :)

Just for the record I got my series 7 in 1993.

if they can inspire enough confidence in longs or enough fear in shorts then I guess it works. I just wish I knew when they were going to step in. Surely there are people that know and are making a lot of money.

I'm just speculating here of course, but it could have a lot to do with just the fact that they are taking chances. If you take enough chances you will fail eventually. If you never failed, then you probably didn't take enough chances.

I looked into Don Bright a bit on the bright trading web site and it seems to me that he made a bunch of money as a floor trader and decided he wanted to own a brokerage firm. Nothing wrong with that, I have nothing against him, and never met him personally. There is one consistent thing...

well back to the topic......... I think it was platypus that said something like "so there was some special event yesterday that I didn't know about?". I think the event was really just the drop itself. Basically I think they are just trying to smooth out the drops on the daily charts and to...

This is a breed of business that obviously lends itself to playing the averages, and I don't mean just the stock market. The traders churn the stocks, and the firms churn the traders. I have heard an office manager at a small brokerage firm say "throw a lot of shit against the wall and see what...

lundy, Now you are obviously just trying to stir people up. Give it a rest.

I think they did it post 9/11, and on worldcom fraud day also.

This really sounds like a great business. Start a brokerage firm. Then charge your customers $400/month plus commissions! Incredible. When will one of these companies go public ?

last year I had hopes of a cyclical bear market due simply to a bit too much manufacturing capacity in computer related tech and too much money chasing bogus stocks. Now I look at it as more of a longer term, more serious, Secular bear market. In practical terms, this doesn't mean diddly squat...

The "plunge protection team" actually does exist, although it is called The Fed Working Group. It was created after the 1987 crash and signed into being by Ronald Reagan. The part that is conspiracy theory is what do they actually do? They are not required to disclose their operations. The...

trojans are better than shiek.

I sympathize. And I agree that the bounce today was all about programs and I go one stop further and theorize that the fed working group is behind those programs. There are definitely powers out there that do not want to see a capitulation day. However, the result is just a crash in slow motion...

someone made a valid point about a friend being a floor trader and doing well as a scalper. Well, there is hardly any reason to be a floor trader if you are not also a scalper, that is what that game is all about. However, it is a fundamentally different situation than most people find...