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WCRX Warner Chilcott Special Dividend: I read it would be $8.50. I checked the option chains, and the options do not reflect it. Could be that the special dividend is not $8.50, or that the dividend is not paid from cash, but rather a trade of some sort such as a borrowing to pay the dividend?

1. If they have to intervene, the next 24 hours would be good for that, as the USD/JPY is pulling back. They can ignore a rally if they decide tonight (today in Japan). 2. Why you did not add US stock market to the list? A less strong yen might also be good for stocks?

How sure are you? NDX was at 1767 at today's low. I think that the buyers between 1767 and 1730 have the potential to hurt the bears. (the distance between 1767 and 1730 is around 2%).

Let us give bone some credit on his view on 10-years some Friday ago. It went higher than it was at, at the time, and he deserves the recognition for it. One should give credit when credit is due! Bone: Have you thought about giving some examples of how you look at spreads? Would it help...

I have given some further thoughts to those who are making the spreads on yield curve. People seem to think mainly in the difference between yields, but I think that when the interest rate on the short time frame is low, the pricing of the spread might also be a function of the ratio of the...

Big D came up with the reasoning in earlier posts that Sept will be selling as least in comparison to December. Your chart shows that the market proved him right. Is my conclusion not correct? I think that Big D is a very good thinker. I give credit when credit is due.

Let us make this thread educational as well. I have methods that attempt to time the tops and bottoms. You have seen what they did live on this thread. Do you attempt buying bottoms and selling tops? What do you use? What is your accuracy rate? How do you manage your trades/etc I wanted...

Some people seem to have mis-interpreted me. How many of you guys had a chance to nail the 3:08PM bottom today? This is against the trend. :) See this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=205682

That was the precise bottom. What a show. I think I should off load here (at least partially), and would wait for them in case they come to retest the bottom. NQ now at 1777. Bought at the 1767 area. Great trade. $200 dollars per contract in less than 15 minutes of work. :cool:

3:08PM: the bottom?

1. You find an instrument that is in a trend. 2. Used methods to verify that the trend is not at its end. 3. Wait for a pull back in an uptrend (or a bounce in down trend) to get in 4. Use money management to decide on size. 5. Manage the trade as market evolves. If it is easy...

It was indeed a trap for the bears! TJ Shortie Out (when is he in?) :cool:

Your idea is good, and it is what I suggested to him. My idea goes even beyond, as it shares part of losses. There is only one potential problem: he most likely does not have the money! I doubt that there is one single guy on this forum who has risk capital even if there are huge edges...

Counting from today's bottom of 1044 on spy index, are we at most less than 2% from the bottom? This selloff sounds like a trap for bears thinking of more than 2% in next two trading days.

Falconview: The NDX numbers were given in case you want to do a correspondence analysis of the NDX numbers to the OEX numbers. As for buying or selling options, there is nothing wrong with the strategy. Remember my analogy: it is not about the umbrella or the boot, but also about the...

The Yamamatos may have already been screwed if they defended above 85. They lost the face on this one. They have one day to show that they allowed it just to trap the bears of USD/JPY. Otherwise, the 85 might become a worthless call option, and the Japanese's words become worthless.

1731 is about 2% down from 1771. How much are the puts at strike 1730 or below?

Your judgement can be influenced if you hear or read. It is subconscious. The only solution I know is to never read, never hear, etc. It is hard, because one still has to be informed in general.

Is the Japanese put worthless or dear? I read that they said they would not allow USD/JPY to close below 85. It is now at 84-- the pair is showing the finger at Fukushimas and Yamamotos. We can give the Japanese the benefit of the doubt because it was night there when the pair was showing the...

I made a post in a response in a journal thread. What do you guys thing of the USD/JPY? The Japanese put on that pair is worthless.