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Nice trade man, I have to admit I thought you were nuts going long when you did. Good stop placement. :)

Exactly totally uneccessary, still waiting for his highness to have some humble pie here.

The fact that es hasn't rallied a tick on this buyout is scary. Course with LEH floating in the wind you would have to be crazy not to be flat or hedged into the weekend. next short maybe at 1220.

Don't forget about treasuries, think they might go up a notch on a flight to quality, naaahhh!!

And you thought Texas Hold Em was an exciting game, well off the lows at the moment!

If this event occurs you will see the mother of all rallies. I was tempted to go long some index calls as we will likely see some resolution by monday. I would never bet against Tim Geitner. I don't understand where you are getting your share price from. I am guessing $10.00 is generous (this is...

I second that motion, he has given out more info for free than you would get in a $2,0000 seminar, along with riskarb option coach and a few others. By the way if you you write an ebook for this type of info I would gladly buy it. :)

LOL :D :D :D

out 125.37 strange tape today. That rally seemed like covering, who knows?

short spy 125.70 stop 126.20 if it is hit assume stop out. I do not trust this rally but I could be dead wrong.

chop

You have to chop a leg, I would never hold a long straddle for more than a day. This just lets you be positioned before the market picks its direction, short bias for today.

You are reading my mind good time to leg into a long straddle.

Just a comment you should post here if it helps you as a trader, whether or not you want to play by buy1's rules is up to the poster. Remember that we all have the ignore function. For example, I am mostly a scalper on spy so that you may find my trading posts a distraction if you a long term...

out 123.20

long spy 122.85 for a scalp, stop 122.60

Buy1 I disagreee with you about gap fills they are very important to me on an intraday and longer time frames. My experience is that gaps fill usually just a matter of time. Here is a big gap fill on GOOG took 3 months to fill. Just one man's opinion.

Someone on another thread was asking about reversals. Standard response is only fools pick bottoms, blah blah. Here is the spy reversal on a ten minute chart, I usually wait for a wick then enter with a tight stop. This was a good runner and I caught a piece of it. Lawrence sorry for your loss...

420 http://www.concept420.com/what-is-420.htm

Here is a 10 minute chart of GOOG was looking for a reversal around 417 it actually came around 415. If this was easy everyone would do it. You want your stop close a few points underneath.