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  1. M

    ES Journal Archive (2006 - 2008)

    Wise words of wisdom from the V man. Play by the book or don't play at all. That 18 pt. day wasn't wholly unexpected. My question to you all is what Color was last Thurs. and what color was last week. Here's a clue: www.deltasociety.com/ What color is today? Could we be in for...
  2. M

    ES Journal Archive (2006 - 2008)

    A fable. In the village I grew up in we had an idiot. Hence, the “village idiot”. A basically sweet and endearing lad who craved attention and loved to be at the center of it all. He latched onto groups and was pleasantly tolerated yet when ignored would become boisterous and tease...
  3. M

    ES Journal Archive (2006 - 2008)

    john99- Basically, yes, from a mutual fund perspective. Listen, think of the amount of money mutual funds control in the marketplace. According to the Insurance Information Institute there is $8.9 trillion in mutual funds as of 2005. Nearly 60% of that is equity funds with $1 trillion...
  4. M

    ES Journal Archive (2006 - 2008)

    john99 you're over thinking it once again, its been the bond close since way back when. Bond mkt after 15:00 hrs no longer has a preponderance on the stock market. Think flow of funds. Cash flow. Liquidity (or lack of) enters the mkt. daily at 10:30 and at 15:00 hrs. Porgie, thank you...
  5. M

    ES Journal Archive (2006 - 2008)

    What makes 10:30 such a reliable reversal time? From my days in the wire room at Fidelity Investments. Fedfunds Transfers Acceptance of Fedline PC wire transfers of excess cash from overseas portfolios. Any residual cash left over from the days trading in US gets wired to Tokyo in...
  6. M

    ES Journal Archive (2006 - 2008)

    BoyBrutus you are usually right on the mark. You know this but you're not wearing your thinking cap today. John99 should go with his original thought but he's over thinking the market. It's a two word answer. It's not necessarily the event but what happens once the event occurs.
  7. M

    ES Journal Archive (2006 - 2008)

    A simple question and kudos for the day to whomever can correctly answer the following: What makes 10:30 such a reliable reversal time? (End of first hour of trading or cigarette/coffee break does not count)
  8. M

    Goldman Sachs Running The US

    I think you apply with the Mason's, or was it Knights of Columbus? Wait, wait....... Skull and Bones, yes that's it.
  9. M

    YUM -- E-coli

    I was thinking the same except I was going to sell the puts. I chickened out. I know my wife is probably at Tiffany's right now.
  10. M

    YUM -- E-coli

    YUMXL @1.40 last 1.25 long @ .20 Done @ 1.40 Well thank you sire. Would love to stay with it but I'm screwed, wife saw P&L. She left my office humming........ already spent. Story still gaining traction, green onions all over evening news in Cali last night. How low can it...
  11. M

    YUM -- E-coli

    YUMXL @ 0.70 last 0.65 Where'd Loufah go? By the way, this selection was just pure dumb luck of finding a vulnerable stock with a some negative news as we go into expiration. No genius or guru working here. Just that little inner voice, otherwise known as a gut feeling, saying; "hey...
  12. M

    YUM -- E-coli

    YUMXL @ 0.40 last 0.40
  13. M

    Dell PC Deals

    So where are the deals? I used the Dell site to build out my current system. Dell wants $1,586.00 for the exact same system I had custom built for $650.00. Nothing to see hear folks let's move along now.
  14. M

    Any way to keep my Series 7?

    NASD cracking down, its not like the old days where someone would hang your license for a fee. There are some multi faceted insurance companies out there that will register your license. However, you do have to sell some product or a financial plan every few months or so. I don't want to...
  15. M

    Soft Landing Wed?

    Stoney- Pay heed, that's your inner voice talking. Calls are rich puts are cheap. Fed meets next Tues. Despite what everyone may think option expiration starts today, watch the roll.
  16. M

    ES Journal Archive (2006 - 2008)

    That's not knowledge.......that's wisdom. Toa of trading. toadr = wise old man
  17. M

    YUM -- E-coli

    YUMXL @ 0.30 last 0.25 Loufah - Good analysis, glad to see you're on your toes. Let me ask you, would you prefer to buy the calls then, maybe sell them? Come on man put it together, build the derivative! Take your claim to fame by building the Bacteria Spread. You can do it dude...
  18. M

    YUM -- E-coli

    More stores affected. Puts look yummy. YUMXL @ 0.10, any takers? Maybe develop an esoteric put/call derivative and name it a Bacteria Spread? Sorry, I couldn't help myself, just had to puke up that idea. Any more puns?
  19. M

    ES Journal Archive (2006 - 2008)

    tickled out @ 11.25 flat
  20. M

    ES Journal Archive (2006 - 2008)

    cover 1/2 @ 10.25
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