when under normal trading hours are they up 67-73.....only when the cash market is closed...........total wallstreet manipulation in thinly traded markets. It happened with gold, currencies, futures, stocks, bonds this year.
wanna bet the damn futures come down to atleast 30 by market open? total bs---hello sec----do you really enforce anything, anymore?
I bet the same guys who goosed it up, will be riding it all the way back down before the cash opens.....complete market manipulation at work!!! They should never have left the futures market open on a complete cash market close. It is just pure greed on the part of chicago---the damn thing only traded like 2500 contracts anyway---the sec should put their foot in chicago`s arse for letting this happen.
BlueStreek
See Cramer video----and BTW, I was right on that trade, and took the other side, and sure enough it came all the way back down to open about 30 up.
Registered: Sep 2006
Posts: 547
You can read, good for you
12-20-06 04:17 AM
It will be one nasty fall from here!
I guess 700 points in a couple weeks wasn`t nasty enough for ya
"Quotes from bluestreek." He has reemerged to claim he makes $20,000. He might make that in a year if he picks up a lot of double shifts at 7-11. Search his past threads.
If you are impressed with 20,000 what are guys trading single lots all day long with 10,000 accounts.......how can you possibly be taking out living expenses off of your trading? When I heard that Hubert Senters from TTM only shoots for 35 points a day trading, It confirmed my initial impressions that he is selling pick axes to the miners instead of being a trader who can live off his trading. If you don`t make at least 300,000 a year trading, your just doing this as a hobby, and are not any good at it. With taxes, living expenses, and no corporate bonuses you better be making 300,000 a year to justify the time expendature trading, researching, and working 65 hours a week staring at a computer screen. For instance you should see what type of bonuses the oil companies are paying in Houston this past year just for grade 11 analysts with companies less than 2 years. I make well over 300,000 a year pretax, and it is paultry compared to my fellow MBA`s bonuses with the Big Oil companies In houston. And they get paid vacations, great medical plans, yearly raises, nice offices, upward mobility, etc.
Bottom Line: You should not be impressed with 20,000 profit in a week, do you know what kind of bonuses traders get working for energy companies, hedge funds, private investment firms? That`s in addition to their regular salary! Frankly, unless you have no social skills, a nasty mole on your face with hair growing out of it, you better be making over 300,000 a year trading, or your just in denial that you need to get a real job in corporate america where the "easy money" is made with no risk of your own capital.
