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I do see that move in Hang Seng now. What is funny/sad (depending on how involved in the market you are at a given time) is that we seem to use ANY excuse to go up. But the exact opposite occurrence does not actually bring us down. Merely pauses us at best.

Was wondering the same thing myself. I do see Euro rallying some and Dollar falling...but commodities don't seem to be going up on this move either (i.e. Copper). Overseas markets don't seem to be up that much either.

Almost certainly that was the news. Highly anticipated number...

What I always would love to ask ANY of these analysts, is....did you EVER have a prediction for a down year?

Long gdx? Sounded like you thought this might be a top?

so where does abx trade tommorrow? and gdx??

"This news sent S&P futures up 22.50 after hours here, unbelievable news setting up for a huge rally at open tomorrow." Where did this happen? Never mind...just looking at delayed over here, thanks anyways.

I don't remember when the last time we opened or even hit a limit, but you should be aware that they changed the limits a few years back, from (I believe) 2.5% to 5%, making a much more rare (if at all) event. -S.C.

True...but honestly...these days it seems it just takes a little time for all the up moves to fade...and if the futures are up like this at 11 -12 at night, just gives it more time to fade back before the NY open. Besides (not that I am an analyst) but this kind of news is not usually the kind...

I guess the interesting thing will be to see where the futures are at about 7 -8 AM...b/c one thing i can say is that if we fade this move overnight in the futures...it sure could get ugly quickly.

Any idea why the futures have jumped the past hour? Is it the C news?

I have to agree with this...been trading since late 99 and this is the first time since 2000 that you have so many stocks that are over 50, 75 and 100+ dollars that are tradeable. I for one hope it lasts a couple of more years at least. :cool:

ELX ---Date Price High Low Volume 8/25/00 105.75 130.00 43.00 11,237,900 Split-Adjusted Price 52.88 Adjustment Factor 2.00:1 --- Yup, that appears to be the day...lets see...87 point range on a 100 dollar stock. It was...

Funny you should mention the Emulex (then EMLX) day...I was just trying to pin down the exact date to go look at that chart again, couldn't find it...if you happen to know it please pass it on...thx

I haven't seen a limit down or up in the futures since the wild and fun days of 2000. I am pretty sure that they changed the limits that the markets lock at sometime after that. Believe it used to be 2.5% on the index futures, now it is 5%. Obviously that would make it pretty rare. But...

That is what I meant, whatever the order is for at MOC you do the reverse while the market is open. I have been in that situation before...

Short it while the market is still open. Then the MOC will flatten you. No? -Sam

I just realized that you can only buy stocks in this contest! No shorting! What a joke!

{I think, generally, options start trading in sync with the underlying stock, but in practice it can mean a few minutes delay (in some cases 15 min and more when the stock is excessively volatile). If you want to lock in gains on an options position you can always trade the stock to neutralize...

Does anyone know if there is any "official" time for options to begin trading each day? I know I have been in options positions and had to sit the first 15 minutes of trading watching a big move in the underlying from the open until there was a B/A for the option?!? Thanks