Must Be The PPT...

Landis82 · Dec 5, 2008

Quote from S2007S:

I would be fading this minor rise in the markets.....

I dont see this following through till 4pm.

The S&P has rallied roughly 30 handles in this move.
There is just 30 minutes left in the trading session and the market is holding about 90% of the rally's gains.

Just curious.
Where is your stop-loss?

Lucrum · Dec 5, 2008

Quote from Trader KGB:

The reason why this particular move strikes me as PPT is the sheer disregard for price...

Price...or your short position?

Trader KGB · Dec 5, 2008

Quote from Lucrum:

Price...or your short position?

Both! As USD/CAD didn't participate! Until very recently.

stock_trad3r · Dec 5, 2008

Great day..dow up 250..more than I expected. it was down 150 earlier ...the funds run by very smart people know that stocks are incredibly cheap and are loading up b4 economic numbers begin to improve.

madmaxer · Dec 5, 2008

Quote from gnome:

To discourage negative sentiment and further selling..

This was also short covering as the contract is going to expire.

Also remember, The bail out money should go some Where, Why not buying the market.. with some PPT juice

S2007S · Dec 5, 2008

Quote from Landis82:

The S&P has rallied roughly 30 handles in this move.
There is just 30 minutes left in the trading session and the market is holding about 90% of the rally's gains.

Just curious.
Where is your stop-loss?

What a day, the UYG I own is doing fantastic, its one of my largest holdings now, by the way.

No stop loss for me,

Sold out more DUG at $41.75 this morning, still holding more....

During this rally I actually went out and purchased more FAZ and TZA.

Landis82 · Dec 5, 2008

Quote from S2007S:

No stop loss for me,

How typical of you.
Must be nice to "paper-trade" without stops.
A 30 handle rally and no stops.
Amazing.

Lucrum · Dec 5, 2008

Quote from S2007S:

...No stop loss for me, ...

I know a member (who I now have on ignore) who made a trade in ES some months ago with no stop loss.

He was down over 100 ES points or $5,000 per contract at one point.

Of course he later admitted it was a paper trade...like yours.

makloda · Dec 5, 2008

Quote from S2007S:No stop loss for me

One day Mr. Market will say "No mercy for you"

short&naked · Dec 5, 2008

Quote from stock_trad3r:

Great day..dow up 250..more than I expected. it was down 150 earlier ...the funds run by very smart people know that stocks are incredibly cheap and are loading up b4 economic numbers begin to improve.

You are judging the long term trend by one day's performance? Have you been around for the last year?? Cheap is anything below 10. We are currently at 17!