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http://media.www.dailytexanonline.com/media/storage/paper410/news/2008/08/15/StateLocal/Firm-Encourages.Ut.Students.To.Consider.Trading.Stocks-3399025.shtml worthless article but that's my station...i cleaned it up too:D

quit being a retard and just goto a casino.

ok

no i mean i haven't seen a way to find out which stocks are going to have these prints. i don't mean to say they are rolling the dice.

it was the closing print. it happens pretty often. LAD did it too...you see it happen pretty often on stocks that don't publish imbalances (usually less than 50k shares for the closing print). they just have some random print higher or lower.

I am in your boat on this subject gnome but with this example I guess the gamble would be that some sort of plague or attack doesn't wipe out a chunk of your consumer base forcing the insurer to payout a ton. ...or in a more relevent case...jpm being forced to shell out hundreds of billions to...

like you said we are arguing semantics but i think you are taking the definition of gambling to levels of absurdity. basically you are saying every action we ever take in life is a gamble. when you take things to this end words become somewhat worthless. just my opinion :p

so basically all business is gambling in your eyes as well?

what are your sizes?

wow i was going to post a reply but then i just had some deja vu with your post. have you posted this before? anyhow...trading is not gambling. it can look like gambling if you don't know why stuff is doing what it is doing. it can also look that way if you try to play every single little...

btw u still in fnm?

go for it! you totally flatted your first long so go all out!

maybe not zero but somewhere close to it. the equity holders of fnm and fre simply are not a concern of the govt. the govt is concerned about the major foreign (aka china) holders of fnm and fre debt.

chance the rate cut? wtf?

truth....i am already short some extended moves i saw.

you do know the fed already made it's decision, right?

what was your original risk?

well it worked out

that could make some sense. oh well...it's a little too late now since i am in :D these late day panic-type moves had been gold for me in the reits last month...hopefully it will pay off again. if not i should be able to get out close to flat. ::::crossing fingers::::

i do know about the bigger picture but it looks like dtrader posted more correct info. thanks anyway....anyhow... i didn't think we were in for a surprise rate hike tomorrow. possibly more dissenters wanting a rate hike but this move was somewhat excessive in certain utilities like NRG, FPL...