spoo spike-o-rama

PuffyGums · Mar 13, 2003

Quote from qdz2:

it is a patriot rally. riches, capitalists, fund owners, financial advisors, market markers, and specialists are mostly GOP patriots.

Like Robert Rubin, Marc Rich or even the humble Cramer?

qdz2 · Mar 13, 2003

oh, boy, I am flattered. thank you thank you.

Quote from FasterPussycat:

I agree o'wise one. You hide behind your foolishness but you are truly a wise one. Who are you really?

chasinfla · Mar 13, 2003

mondo, i didn't see your news post until just now.

call it a patriot rally if you wish. i call it major big time short covering.

the way it originated in the futures is a little funny.

Arnie · Mar 13, 2003

A primer of market moves, courtesy of CNBC:

Market up:
1.) Short Covering
2.) Bargain Hunting

Market down:
1.) Profit taking
2.) Earnings jitters

That's all you need to know!

iceman1 · Mar 13, 2003

Hip Hip Hooray!

For brother ARBs and options guys! And let's not forget to thanks our fellow short sellers...

gotta give credit where credit is due!

hip hip hooray! hip hip hooray!

Ice

TheCaracal · Mar 13, 2003

Quote from Arnie:

A primer of market moves, courtesy of CNBC:

Market up:
1.) Short Covering
2.) Bargain Hunting

Market down:
1.) Profit taking
2.) Earnings jitters

That's all you need to know!

That's not exactly right. Today WAS profit taking!

Too bad for the average investor, CNBC never explains it that way.

TGregg · Mar 13, 2003

Quote from qdz2:

it is a patriot rally.

Whole `nother animal.

optionsplayer · Mar 13, 2003

Food for thought... Obviously a bunch of folks wanted out of their short positions today.....This is the second or third time I believe that when the VIX touches 40ish, we get an enormous bounce.

1. At what point would you guys start fading this if we get a bit of late followers tomorrow....

2. Do you think people really want to go long over a weekend??

3. We have had a couple of one day rallies like today in the last 18 months. You know where we open on a gap up strongly...and go to higher highs into the close....
other than volume indications...what other tools do you guys utilize that you find useful that maybe provdie a heads up that we finish strong on a day like today instead of reversing................

optionsplayer · Mar 13, 2003

One other thing I greatly miss from 1999....the last 15 minutes today were so beautiful......I was gazing at CSCO on L2 & noticed a block fly through for 250000 shares @ 13.25 on an uptick above the current ask...........within 5 minutes CSCO popped to 13.40ish....You have to really feel for that person....Its nice to make nearly $40k in that amount of time. I am sure it must be quite a rush to unload a position like that into the close.

Shaman · Mar 13, 2003

just curious but does anyone else wonder if we did not just see the war rally?

at least the meat of it