This Is The Buy Of The Year

[Chood]

I generously gave you about 10 hours warning with this post last night:

Quote from Chood:

. . . Anyone going long US equities now or any time soon is taking the worst risk/reward I've ever seen.

Sorry for swapping out the kool aid for a bit of tap water.

Next time I won't be as generous, maybe only 2 hours warning.

 

[Pa(b)st Prime]

Quote from atticus:

Jesus, what a call. So, the logical conclusion is that TODAY is THE buy of the year?

I think the OP was being sarcastic......

 

[christian903]

I am new to this Elite Trader and was hoping someone could give me some direction. I am looking for a firm that gives the most overnight buying power. I am looking to put up 100k-250k and start my own hedge fund. I have a series 7 and 55 which have expired along with about 8 years of daytrading experience with Generic, Worldco and Hold Bros. Generic was the only one that let me hold overnight, but that was some time ago. I have been out of the game for about 4 years, but want to get back in only if I can hold overnight positions.

Any suggestions would be greatly appreciated

Thanks

 

[kinggyppo]

Quote from arealpissedgoy:

Give the market some time. Suckers on both sides need to be shaken off before the roller coaster grinds higher.

Ain't that the truth. White knuckle trading all the way!

 

[Cutten]

Quote from arealpissedgoy:

Give the market some time. Suckers on both sides need to be shaken off before the roller coaster grinds higher.

So far no evidence it is grinding higher. The market is stuck in a range and has now failed three times to make a sustained break of the year 2000 highs on the S&P. IMO the next test will be to the *bottom* of the range. 1370.

 

[stock_trad3r]

Last chance to cover bears. Much higer 2 come

tech is huge

so is comodities and manufacturing, construction

 

[Spooz Top]

turd3r.......how far OTM are you on those Rimm job/Bidu calls?

 

[stock_trad3r]

I only buy calls on ETF's (EWZ and FXI) and with 2 month expiration

I go long on bidu rimm

At this stage, the downside is only 100 points on dow upside 500 points easily

 

[Spooz Top]

right but you have to be 25 handles + under water on the spx alone........i`m sure the mm`s are leaning on them big time......cut in half or down at least 50% is my guess?

 

[atticus]

Quote from Spooz Top:

right but you have to be 25 handles + under water on the spx alone........i`m sure the mm`s are leaning on them big time......cut in half or down at least 50% is my guess?

I'll wager $10,000 for proof that he purchased calls yesterday {EWZ and FXI} in an amount exceeding $10,000 each. Also, the deal extends to proof of a purchase on BIDU and RIMM exceeding $50,000 notional on each. Proof meaning vetted brokerage statements.