I'm with you Staff. As i mentioned to Landis, take a look at what you can get for the April FTO puts right now. The time to buy refiners is when no one wants them. Which is now. Though i prefer to do it by selling late Spring puts. (Just to head off the flame throwers, i should add that i never sell puts using leverage).
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spy's up over 1% AH, sling shot tail formation today
- Thread starter rc5781
- Start date
I'm with you Staff. As i mentioned to Landis, take a look at what you can get for the April FTO puts right now. The time to buy refiners is when no one wants them. Which is now. Though i prefer to do it by selling late Spring puts. (Just to head off the flame throwers, i should add that i never sell puts using leverage).
those were fake numbers. there will never be a deal with KDB due to regulation issues. all the buyout rumors are just to boost share price.Quote from LondonHedger:
SPX is likely to open up more than 15 handles on Sunday on the FRE/FNM news but but those gains are not likely to hold for long if there's no other news.
However in my opinion the wild card is LEH. If a deal with Nomura or KDB is announced over the weekend, look for a 40-handle move up in SPX on Monday. It wasn't by chance that LEH was up 10% yesterday, and if KDB does invest $6 billion for a 25% stake in LEH as rumored, LEH's implied value after the dilution is over $26/share, well above LEH's closing price of $16.20. That would boost bullish sentiment on the financials and the broad market for a few days at least.
Quote from bloosteak:
those were fake numbers. there will never be a deal with KDB due to regulation issues. all the buyout rumors are just to boost share price.
There WILL be a deal, and it will be in that ballpark. You don't understand how the East Asians think. Also, don't delude yourself into thinking that any piece of news is BS aimed at boosting the share price, it's not.
what announcement was made?the govt taking over fannie mae?...was this the 'HUGE' announcement?...nothing is even consuming the saturday website news...also...forget holding ES futures overnight...Get a position in ES OPTIONS!!!!Quote from ChkitOut:
I don't hold overnight (yet), but how do you guys feel about the gummit making these types of announcements after hours?
I guess its a godsend for some but not so much for others..
Quote from LondonHedger:
There WILL be a deal, and it will be in that ballpark. You don't understand how the East Asians think. Also, don't delude yourself into thinking that any piece of news is BS aimed at boosting the share price, it's not.
Either way its a non event. Wow $5 billion of assets at .38 cents on the dollar. Yay the credit problems are over time to go to all time highs!!! LMAO Volkner said yesterday that losses from the credit crisis will exceed $500 billion.
When they do rally the market on fluff news it will be a once in a lifetime shorting opp.
The rally next week will be short lived. By the time the market opens on Monday I wouldn't be surprised to see the market start selling off hard.
Anyone who thinks this is another "market bottom" is sadly mistaken. VIX at 23 when we are falling to lows shows total complacency. Panic will set in the break of 10K in the dow.
I normally don't debate on message boards since they are distracting and a total waste of time where everyone loses.
But since it's the weekend and I'm thinking about the market and the damn 20 cars I shorted on Friday I thought I'd play around.