ES Journal Archive (2006 - 2008)

[BoyBrutus]

http://sec.gov/news/press/2008/2008-204.htm

Comes into effect tomorrow?

 

[wave]

double bottom, tape watching time.

 

[vertigo3]

right from your url

"
Washington, D.C., Sept. 17, 2008 — The Securities and Exchange Commission today took several coordinated actions to strengthen investor protections against "naked" short selling. The Commission's actions will apply to the securities of all public companies, including all companies in the financial sector.

The actions are effective at 12:01 a.m. ET on Thursday, Sept. 18, 2008.
"
this would mean just after midnight, tonight.

 

[Lawrence Chan]

Quote from BoyBrutus:

http://sec.gov/news/press/2008/2008-204.htm

Comes into effect tomorrow?

That's very scary.

Another structure change that no one knows the impact until it is applied.

Edit: option expiration in couple of days, and now this?

 

[BoyBrutus]

Quote from vertigo3:

right from your url

"
Washington, D.C., Sept. 17, 2008 — The Securities and Exchange Commission today took several coordinated actions to strengthen investor protections against "naked" short selling. The Commission's actions will apply to the securities of all public companies, including all companies in the financial sector.

The actions are effective at 12:01 a.m. ET on Thursday, Sept. 18, 2008.
"
this would mean just after midnight, tonight.

thx, no time to read it

 

[newguy05]

Quote from vertigo3:

newguy,
would you be shortin' calls or shortin' puts?

1150 puts of course, expires eod tomorrow. If i get hit i take assignment at 1150, if not i will just take the small premium as profit.

Dont have the balls going in on the underlying at this condition. Down to 1167 now

 

[saliva]

Quote from vertigo3:

right from your url

"
Washington, D.C., Sept. 17, 2008 — The Securities and Exchange Commission today took several coordinated actions to strengthen investor protections against "naked" short selling. The Commission's actions will apply to the securities of all public companies, including all companies in the financial sector.

The actions are effective at 12:01 a.m. ET on Thursday, Sept. 18, 2008.
"
this would mean just after midnight, tonight.

Hence all the reasons for why the shortsellers will want to double up their efforts to crush this market before the end of the day.

 

[tommymoose]

Stopped out of my SSO long (from 52.11) at 50.30. Scaled out 1/5 of it last night at 55.60, so just a small loss. I have no idea what this market is going to do now... I'll need to re-evaluate tonight.

 

[wave]

Momentum and volume are your friends in this type of volatility.

 

[wave]

Still no print on the tape under that double bottom.