Wang’s Happy Trading

Wow! Another fun day!! What volatility! Our members are “happily” raking in the money!!

Lithium Rocketbottle
Posted October 17, 2007 at 12:50 pm | Permalink (Edit)
sold[:] +$24778. bought 100 nov 53 qqqq.
$25,000 for 2 hours work. Yes I am happy. Thanks for the support all.

CapitainAl
Posted October 17, 2007 at 12:55 pm | Permalink (Edit)
out of half of STP Nov 45 Call position +50%
thanks happy

optiondragon
Posted October 17, 2007 at 1:02 pm | Permalink (Edit)
Much gratitudes to my 5 or whatever number of baggers I had today. Much gratitudes to my brothers and sisters on this site, much gratitudes to my life and to happiness, the true measure of great wealth.

jamesbond2509
Posted October 17, 2007 at 1:13 pm | Permalink (Edit)
Thanks Happy, cant say enough good things about this site and its members. Nice to finally get a multi bagger!

I really want to express my sincere thanks to all the members for making our trading board such a fun place to be! You all did a superb job today!! Another round of applause!

So, the market started up high, went low, and bounced back again. The afternoon bounce really saved the day, although we locked in our profits along the way. The Dow finished lower by 20.40 points. SPX managed a small gain, +2.71 points. Tech is where the excitement was at: Nasdaq jumped +28.76 points!!

Here’s how the market closed:

SOX (semiconductors) and INX2 (Internet) were particularly strong, adding +1.67% and +1.85%, respectively. It’s good to see the semiconductors lively again! USO (oil) and OIH (oil services) took a breather today. FXI (Chinese ADRs) was just amazing, flying up +19.44 points, almost +10%!!!

SPX

SPX managed to gain +2.71 points to close at 1541.24. It closed just above its 20-day MA and kept the MAs healthy.

Nasdaq

The techs show a better picture than the broader market. Nasdaq jumped +28.76 points to close at 2792.67! This jump took it back above the MAs, which is a bullish sign. The MACD has stopped sliding and the MAs are still going up strong!

After INTC’s stellar report yesterday, NVDA charged up +7.68% today setting a new ATH at $39.65! It looks like NVDA wants to go higher from here. SNDK perhaps also benefitted from INTC’s report, adding +4.4%. This morning JPM announced a strong earnings report, sending its shares up +2.79% for the day. After the market, EBAY posted a strong quarterly performance, easily beating the estimates! Its shares traded all over the place in AH. EBAY jumped as much as +5% after the earnings were released; then, went into the red; but, now it is trading flat +$0.15. I think some of the news headlines may have masked how good EBAY’s quarter really was!

Good night and HappyTrading! ™