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Thanks for the excellent forensic analysis Mr. Chan! I wasn't paying much attention to the bids swallowing the offers. I focus more on volatility and velocity as that's my niche and expertise. Based on that, I was looking for ES to create a saucer bottom and reverse around the mid to low...

They had a chance to move it to 720 today but failed. I'm sensing a mild up day tomorrow thus placing a sell limit order at 752.5 and 756.75 to close the two open long positions from earlier today. I will be adding one more long of equal size at 726.75 with a stop on everything at 700.75.

Re-entered equal position long at 746.50

Closed last add at 757.00

Added equal position at 748.5 . New target is 758.5

Quite oversold for the day. Long 756.75, I'll be adding to the position down to 748 stop- the abyss, target 770.25.

http://www.youtube.com/watch?v=4bUddyAQ11s

I recommend you check your calendar, otherwise I would be selling as much as I possibly can.

I believe that is targeting the large deep pocketed speculators, not ET speculators. Nevertheless, just another unwelcome and unfriendly business policy changes among many to come from the Obama administration.

From what Franks said in the video, transactional financial fees will be mandatory in 4 years- not an option. He wants it to start soon in small increments. Now if it was .025%, profitable traders can stomach it, but .25% will surely kill most of them.

I believe the reason has to do with operation capacity. Currently, they're running at 82% of capacity, near historic lows. Thus, there's less gasoline production relative to oil production, hence the disconnect in price movement.

One of the best responses so far in this thread. "Ask not what your straddle can do for you, but what you can do with your straddle." Author, unknown

Long 943.25 /Stop 920 + Short October Vix at 50.54 /Stop 51.25

Hold on let me scratch my head on this one. LOL B1S2. You just made my day. :D

Long 1137 /Stop 1120 Target 1150

I think you're right. 600 billion divided by an average mortgage of 50k pays off 12 million homes!!! That's one hell of a boost for the economy.

Look at it this way jagmot, we still have 3 months before the year is over. I'm sure you can recover most by year end.

This is truly unprecedented. I feel for you. At least the implied vol will drop considerably depending on what strikes you wrote

Yes we sure did. First in a very very long time.

Yes, even though it's wrong, I'd rather see a ban than financial chaos and unrest. However, you don't need short sellers to drive these stocks to 0. All it takes is panic from the existing share holders to take us there.