January 23, 2008 – 6:57 pm
What a wild day! The market was down “HUGE”, with the Nasdaq down almost 90 points at one point (AAPL was down almost $30, trading at $126; and GOOG was down over $65, trading under $520.)! This weekend, in my weekly Market Forecast, I said,
“For the new week, the market could look […]
January 22, 2008 – 5:39 pm
Being pressured by a sell-off in the global financial markets, the Fed finally slashed interest rates by 75 Bps today. This certainly helped the market to minimize the loss today. The market futures were way down this weekend. Even with the rate cut being announced in pre-market hours, the market gapped down […]
January 21, 2008 – 8:47 pm
Submitted by Luck-o-the Irish
Make no mistake about it…tomorrow is going to hurt. Barring some lifeline thrown by the Fed, in the form of a premarket 75 bps rate cut, tomorrow will be a day we may all be chanting “Redrum” by the time that it is over. As I type this, I see […]
January 21, 2008 – 6:23 pm
The global financial markets have been selling off while the US takes a holiday. In an environment such as this, it is perhaps difficult to single out individual sectors. Again, unless there are external forces to change the market sentiment, buyers are unlikely to commit. On the other hand, when the bottom […]
January 21, 2008 – 3:26 pm
Congrats to the Pats and the Giants for making it to the Superbowl, what great games!!!
This is a quick peek into my watchlist going into this week.
Short ideas and Long ideas.
Long Ideas:
FXY calls
VIX calls
Select biotech- ELN, ONXX, BBH, VRUS
Four Horsemen, FXI, BIDU, XLF, AG’s, high growth stocks if the Fed cuts early with favorable market […]
January 20, 2008 – 6:25 pm
First of all, remember tomorrow is Martin Luther King, Jr. Day, and, the market is closed.
Last weekend, I said,
“The market sentiment continues to be terrible. For the new week, earnings are starting. The market really needs some positive catalysts to draw the buyers back in; whether it comes from earnings, the Fed, or something else. […]
January 20, 2008 – 5:32 pm
Submitted by Optiondragon
When the “Madness of Crowds” takes hold of the the market, I turn to the Greats for solace and advice. They’ve seen it all and lived through many more cycles than I have in my relatively short lifespan. Wisdom can only be taught or experienced through time. Books are the […]
January 19, 2008 – 10:28 pm
Submitted By Optiondragon
The Green Bay Packers, New York Giants, New England Patriots, and San Diego Chargers Cheerleaders sure do have something to cheer about. Huh, no Packers or Giants cheerleaders? Oh well, who needs em when you have Farve and Osi!
Well, well. So we have Four left and by the time we know […]
January 18, 2008 – 6:08 pm
Submitted By Luck-o-the Irish
Several days ago, Happy and I both pointed to the OIH as a possible put play. We had talked the night before and both saw similar things with the chart. OIH had been strong, but recently pulled back from its highs around 195. Upon looking at the chart, even […]
January 18, 2008 – 1:06 pm
What a week!! Not a bad Friday, with a strong close. Many stocks actually performed better than what the major indices might indicate.
Here are the closed trades:
POT Feb 140 calls, PYPBH, at $14.1, +30% (partially out)
POT Feb 140 calls, PYPBH, at $14.7, +35.4% (all out)
FSLR Feb 280 calls, HJQBU, at $8.3, +18.5%
BIDU […]
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
