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  #151  
Old 08-04-2011, 09:35 AM
Griffoun Griffoun is offline
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Double-S is banned, on the day the market tanks - coincidence? Mods in bad mood about their 401ks?
WTF?!
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  #152  
Old 08-04-2011, 09:36 AM
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I think Q3 will kick in sooner or later. This is a reason for it to kick in. Bernanke said before that Q3 will kick in if needed and they are creating a need for it now. In order for it to kick in there must be a need. They need to show Congress that this is needed so they create panic to show that things are not ok and there is a need for Q3.
well yes, but they're all pretending QE3 is for the economy, not just the stock market. So the timing won't look good.
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  #153  
Old 08-04-2011, 09:38 AM
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well yes, but they're all pretending QE3 is for the economy, not just the stock market. So the timing won't look good.
NFLX's chart looks pretty broken, what say you?
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  #154  
Old 08-04-2011, 09:40 AM
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NFLX's chart looks pretty broken, what say you?
For such a bloody day, today's losses for NFLX are not too bad. I think the good days for NFLX may be over though.

http://www.google.com/finance?q=nflx
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  #155  
Old 08-04-2011, 09:44 AM
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NFLX's chart looks pretty broken, what say you?
Probably just following the S&P down, right? I think it'll go where the market goes, short term.

So it's Double-S (QE3) or Thetorch (Armageddon). Take your choice.
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  #156  
Old 08-04-2011, 09:53 AM
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Probably just following the S&P down, right? I think it'll go where the market goes, short term.
It's been going down since topping 300 and the price increase. I haven't seen any positive news coming from it other than stupid analysts keep bumping up its price target

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So it's Double-S (QE3) or Thetorch (Armageddon). Take your choice.
You're trying to trick me into something?

I still have plenty of longs...
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  #157  
Old 08-04-2011, 10:02 AM
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It's been going down since topping 300 and the price increase. I haven't seen any positive news coming from it other than stupid analysts keep bumping up its price target

You're trying to trick me into something?

I still have plenty of longs...
I certainly think Netflix is played out - and we personally plan to drop their online service once they start charging for it (Sept 1 I think). I think they will lose a lot of customers around September.
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  #158  
Old 08-04-2011, 10:15 AM
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I certainly think Netflix is played out - and we personally plan to drop their online service once they start charging for it (Sept 1 I think). I think they will lose a lot of customers around September.
My sister dropped them recently due to rate hike.
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  #159  
Old 08-04-2011, 11:06 AM
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-360 Panic selling kicking in now.
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  #160  
Old 08-04-2011, 11:11 AM
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-360 Panic selling kicking in now.
I wonder if the flash crash would happen again? Better set the puts at some insane values...
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  #161  
Old 08-04-2011, 11:17 AM
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NFLX's chart looks pretty broken, what say you?
250 failed...

I knew whoever suggested adding NFLX to S&P 500 would regret doing it.

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Originally Posted by chrischeung View Post
Added to TYH. Bought in YINN.
Funny how the Americans name YINN for the 3x China Bull, while YANG as Bear.

Yin is darkness, Yang is brightness

Unless they think bears are better than bulls?

Last edited by Griffoun; 08-04-2011 at 11:26 AM.
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  #162  
Old 08-04-2011, 11:26 AM
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I wonder if the flash crash would happen again? Better set the puts at some insane values...


This has to be a rigged and planned sell off this month. Silver is selling off like crazy today

http://www.kitco.com/market/
l
No way Silver would drop like this if it were not planned. Not often you see the market sell off in a bloodbath and Silver follow . They knew people would flock to commodities for safe haven and nailed those as well.
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  #163  
Old 08-04-2011, 11:28 AM
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l
No way Silver would drop like this if it were not planned. Not often you see the market sell off in a bloodbath and Silver follow . They knew people would flock to commodities for safe haven and nailed those as well.
Margin calls, someone gotta cash out from precious metal to cover loss from elsewhere.

Oh, and silver is not gold afterall... countries buy gold for safety's sake, but not so much in silver.

400 and counting...

Last edited by Griffoun; 08-04-2011 at 11:29 AM.
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  #164  
Old 08-04-2011, 11:40 AM
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You guys post a thread when Apple hits $90, ok? We'll have like 2 minutes to buy, I don't want to miss it!
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  #165  
Old 08-04-2011, 11:43 AM
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You guys post a thread when Apple hits $90, ok? We'll have like 2 minutes to buy, I don't want to miss it!
Apple is holding up pretty well this last week including today. Apple is barely down 1.9% which is not bad considering the market is down almost 400 points today
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  #166  
Old 08-04-2011, 11:50 AM
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Added to YINN.
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  #167  
Old 08-04-2011, 12:37 PM
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http://www.investopedia.com/articles...#axzz1U5flGijT




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  #168  
Old 08-04-2011, 12:44 PM
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Closed NFLX put with 40% gain, who knows it's going to bounce back tomorrow for a day...
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  #169  
Old 08-04-2011, 12:47 PM
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Here comes -500 for the close
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  #170  
Old 08-04-2011, 12:55 PM
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Here comes -500 for the close
There, you've got it, keep the change.
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  #171  
Old 08-04-2011, 01:12 PM
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Closed NFLX put with 40% gain, who knows it's going to bounce back tomorrow for a day...
only the manipulators knows
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  #172  
Old 08-04-2011, 01:15 PM
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Well that was a fun day. QE3 announced tomorrow I bet.
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  #173  
Old 08-04-2011, 01:32 PM
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Well that was a fun day. QE3 announced tomorrow I bet.
If QE3 gets announced we definitely go up but if not it is possible we see DOW 9000. BAC is under $9 now Should have been a sign that the market was going to tank as Bank of America dropped the last 1-2 months. Weak financials is a sign of bad things to come
SPY calls are dirt cheap now
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  #174  
Old 08-04-2011, 01:59 PM
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Dammit, I sold all my SPXU calls last friday because I thought the govt debt deal over the weekend would be good and send markets higher on monday.



anyone going to get some UPRO or UDOW calls in hope of a bounce back?

Last edited by former230; 08-04-2011 at 02:29 PM.
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  #175  
Old 08-04-2011, 09:34 PM
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Dammit, I sold all my SPXU calls last friday because I thought the govt debt deal over the weekend would be good and send markets higher on monday.



anyone going to get some UPRO or UDOW calls in hope of a bounce back?

Taiwan and Hong-Kong market very bloody now in Asia. Not a good sign. We could plunge to DOW 9000 just depends on how many of those big investment fund managers decide to hit the sell button.
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