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What if JPM turns green today ? !!!:confused:

By the way, they are into trading business and in trading, you win and lose. They have not promised to always have winning trades. As I said, 2B gain or loss should be a little bit over normal to them. They have not blown up their accounts. JPM is angry why they lost.

You mix two different subjects. I don't know it is 800M or 2B or more. Actually I don't trade JPM and have no plan to do that. You said because JPM has other companies shares, that will drag the market down. The reason that market was down earlier today was the market was nervous and since...

What is happening today is another super strong undisputed proof that market will and wants to go higher. How much higher? Maybe 7% in a couple of months. Just enough to smash shorts and make them blow up their accounts (if they are shorting the market). Market is also preparing for FB IPO rally.

What? !!!. Two irrelevant things. Lets assume that they did. They are not under margin call to sell their AAPL shares to cover their CDS issues. Two different deptarments. 2B is a big money but nothing to JPM. Two days later everyone will forget that. The same thing happened to UBS a few months...

While I believe JPM will go below 35 and maybe 30 in the near future but we should use this selling to buy the other strong sectors in the market or even buy some strong financial stocks. As I said in my earlier post, I believe selling JPM and buying SPY would be an excellent trade. I see Tech...

When you sell naked, you make money 90% of the time and that 10% wipes out the profit. When you buy options, 90% of the time you lose money and that 10% covers your loss. Those 90% and 10% are just estimates. The other danger of selling naked is that after a few profitable trades, you get...

+1 I believe maybe shorting JPM and buying SPY is an ideal trade.

What is going on? I don't know. Just short the shares till ....

Check out the attachment. I just got it from Marketwatch.

I agree. There are tons on money on the sidelines who pray AAPL to go down so they can jump on it. I don't trade AAPLat all but AAPL is a hell of super quality stock. Last Q , I thought AAPL should go down which I was wrong. FYI: Futures are up just a little but who knows what will happen...

Everyday has its own character but I say tomorrow should be interesting.

agreed

agreed

I remember in 1999 when all tech stocks had P/E of over 100. Now check the P/E for AAPL, TXN, INTC, ADI, ALTER, XLNX, GOOG,.... 90% of them are below 20. Market is in its cheapest level in a decade. All things said, I don't see over 10% from where we are now.

Another subject but somehow related. Check out YHOO. This little devil. Don't try to compare it with GOOG or .... Expect a $1 to $2 pop in two weeks.

No I did not say that. But there is a slight truth to that. Everyday that chance goes higher.

There is a strong chance that the global market would recover on Thursday (tomorrow) just because it has been down for many days and then US market will follow that when it opens. Based on this theory, many might get into to US market early (by close today) to be ahead of the game.

The way I trade this market is I sell naked PUTs and Call on SPY (out of the money weekly) and I am also long YHOO by selling naked PUTs 16 and cashing more by selling naked 17 calls.

Now I believe big guys are playing this to shakes out weak hands. They are doing good job.