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  #251  
Old 08-10-2011, 06:45 AM
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orchestrated

Fixed
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  #252  
Old 08-10-2011, 06:54 AM
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Has anyone placed your bet for the day? Up, or down?

Tough decision... hmm... probably test 1120 again?

Holy crap, Disney (DIS) got punished

Last edited by Griffoun; 08-10-2011 at 07:04 AM.
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  #253  
Old 08-10-2011, 07:24 AM
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Has anyone placed your bet for the day? Up, or down?

Tough decision... hmm... probably test 1120 again?

Holy crap, Disney (DIS) got punished
I think the move to make is going long at 1120.

But not sure I have the balls to do it.
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  #254  
Old 08-10-2011, 07:26 AM
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I think the move to make is going long at 1120.

But not sure I have the balls to do it.
Don't try to catch a falling knife.
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  #255  
Old 08-10-2011, 07:30 AM
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Don't try to catch a falling knife.
We're not trying to catch it, just guessing where the floor is

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Originally Posted by Griffoun View Post
Of course my LNKD put got executed as well
LNKD refuses to give in

Sell it, people! You can do better than that!

Last edited by Griffoun; 08-10-2011 at 07:33 AM.
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  #256  
Old 08-10-2011, 08:05 AM
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Fixed
it's a controlled demolition of wealth of the retail investor and lower-rich class and middle-class.
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  #257  
Old 08-10-2011, 08:22 AM
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Don't try to catch a falling knife.
Yeah, I'm more comfortable going short in this market.

Still, such strong support at 1120-1130 I think it'll hold for now.
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  #258  
Old 08-10-2011, 10:30 AM
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Wow, you ain't kidding! 300 pts down already.
This is like flippin coins these days. Hard to call now. I'm out of this one. Best and safest is to buy Gold and Silver on dips. Can't go wrong with those 2.
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  #259  
Old 08-10-2011, 12:36 PM
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It's common to crash like yesteday or reversal to the downside... but I don't recall anything that would make me feeling a bit of relief in those days
Told ya, eh? Any magic in the last 15 mins?
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  #260  
Old 08-10-2011, 12:59 PM
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1050 tomorrow. Glad I didn't go long today.
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  #261  
Old 08-10-2011, 01:02 PM
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another day of wealth demolition
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  #262  
Old 08-10-2011, 01:08 PM
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I believe we should blame all these volatility on the High Frequency Traders
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  #263  
Old 08-10-2011, 01:08 PM
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another day of wealth demolition
This hurts the rich more than the poor, you should be celebrating. Helicopter Ben will come out to try to save the rich, my guess.
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  #264  
Old 08-10-2011, 01:21 PM
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I believe we should blame all these volatility on the High Frequency Traders
Back in the day they wanted to blame the investor for the mortgage debacle, but in the end it was the system set up encouraging the behavior, the industry itself was to blame.
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  #265  
Old 08-10-2011, 01:23 PM
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  #266  
Old 08-10-2011, 01:32 PM
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This hurts the rich more than the poor, you should be celebrating. Helicopter Ben will come out to try to save the rich, my guess.
some of the very wealthy has the sort of money to rip the market down with high speed trading computers and algorithms and cache of cash to orchestrate it. then slowly buy into it again and tear it down repeatedly. wash, rinse, repeat.
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  #267  
Old 08-10-2011, 01:34 PM
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Got out from LNKD put at the last minute; took a 15% loss. I'm guessing that sucker doesn't have enough float for people to short yet... so it defied gravity today. Better than total loss.

CSCO up 2% after the market close with some good news in this bad market... hope it will bounce back.
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  #268  
Old 08-10-2011, 01:35 PM
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Silver and Gold are best to buy on dips. You will be rewarded when you buy on all the big dips.

http://www.google.com/finance?q=NYSE:SLV


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  #269  
Old 08-10-2011, 01:36 PM
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1050 tomorrow. Glad I didn't go long today.
Yeah, you are lucky
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  #270  
Old 08-10-2011, 01:36 PM
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Got out from LNKD put at the last minute; took a 15% loss. I'm guessing that sucker doesn't have enough float for people to short yet... so it defied gravity today. Better than total loss.

CSCO up 2% after the market close with some good news in this bad market... hope it will bounce back.
there needs to be float? no naked shorting is happening? no one seems to get caught and charged for it. but it's happening
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  #271  
Old 08-10-2011, 01:53 PM
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there needs to be float? no naked shorting is happening? no one seems to get caught and charged for it. but it's happening
I don't buy that - naked short selling doesn't really work unless a LOT of people are doing it, enough to move the price.
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  #272  
Old 08-10-2011, 02:01 PM
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I don't buy that - naked short selling doesn't really work unless a LOT of people are doing it, enough to move the price.
according to wiki, naked short is pretty rampant.
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  #273  
Old 08-10-2011, 02:05 PM
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according to wiki, naked short is pretty rampant.
Even if that's true, my point was rather it doesn't work unless it's a large % of the float, like it was back in 2008. Shorts were getting owned until recently.
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  #274  
Old 08-10-2011, 03:58 PM
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Sold 1/3 of my inverse ETFs yesterday. I was going to sell another 1/3 today except a few minutes before the close I saw the Dow break the support line at 10726. My hand was hovering above the mouse - really - but I didn't click it. If this was a dumb move or a smart move we'll see tomorrow.

This latest train wreck is about French banks so I don't know WTF the US congress is supposed to do about it.

http://www.nytimes.com/2011/08/11/bu...nch-banks.html
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  #275  
Old 08-10-2011, 04:06 PM
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I don't buy that - naked short selling doesn't really work unless a LOT of people are doing it, enough to move the price.
I really don't understand naked shorts.

If you are naked, you don't have any shorts on.
If you have shorts on, you ain't naked.

I don't understand.

Now, long, that I understand.......
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