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 8 years ago '04        #2261
Vagnum 
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$3,620 | Props total: 1 1
 steelmagnum said:
There she goes

its a -1% move down, nothing to freak out about. Market is overall down. the stock closed about even here in home Market.
 05-18-2010, 12:19 PM         #2262
steelmagnum 
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$n/a | Props total:  
 Vagnum said:
its a -1% move down, nothing to freak out about. Market is overall down. the stock closed about even here in home Market.
lol this is true, didnt notice s**t lowered overall
 8 years ago '05        #2263
kkkid 180 heat pts180
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$3,735 | Props total: 855 855
well down trend continues
 8 years ago '05        #2264
Bx_Bomberz 190 heat pts190
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$22,092 | Props total: 14548 14548
oil was just at 69.60 what the hell is going on ?
 8 years ago '08        #2265
o7media 50 heat pts50 OP
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$32,197 | Props total: 11655 11655
Goldman Sachs just came out with some more bad news lol..

According to them, they said that big banks will take a 21% hit from financial reform. Smaller banks will take about a 6% hit.

CNBC now says to stop buying bank stocks lol
 8 years ago '08        #2266
o7media 50 heat pts50 OP
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$32,197 | Props total: 11655 11655
Just sold my DIA puts. In at $2.92 out at $3.90 :D
 8 years ago '08        #2267
o7media 50 heat pts50 OP
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$32,197 | Props total: 11655 11655
 o7media said:
Just sold my DIA puts. In at $2.92 out at $3.90 :D
damn...now at $4.00 ...i should have held em. oh well...
 8 years ago '05        #2268
kkkid 180 heat pts180
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$3,735 | Props total: 855 855
 Bx_bomberz said:
oil was just at 69.60 what the hell is going on ?
oil moves with the market, once people see the indices start to fall they sell there oil future.
 8 years ago '08        #2269
o7media 50 heat pts50 OP
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$32,197 | Props total: 11655 11655
there's some minor support at 10,500 ...just bounced off it actually. let's see if it can hold.
 8 years ago '08        #2270
o7media 50 heat pts50 OP
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$32,197 | Props total: 11655 11655
 o7media said:
there's some minor support at 10,500 ...just bounced off it actually. let's see if it can hold.
nice bounce! up 30 points off that support. glad i sold my puts :dancingcool::dancingcool:

we COULD still fall further though. all we need is a sell off..i wasn't looking to risk it though.
 8 years ago '04        #2271
Vagnum 
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$3,620 | Props total: 1 1
^^^i see the DOW down to 10400. points from there on lets see what happens.IMO
 8 years ago '08        #2272
o7media 50 heat pts50 OP
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$32,197 | Props total: 11655 11655
 Vagnum said:
^^^i see the DOW down to 10400. points from there on lets see what happens.IMO
today?

it just bounced off that support. went up like 35 points from there. if it reaches that level again it will probably create a double bottom.

it could fall through it, but i wouldn't bet on it.
 8 years ago '05        #2273
kkkid 180 heat pts180
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$3,735 | Props total: 855 855
10500 gonna crack next time i think, walmart about to be only dow stock in green
 8 years ago '08        #2274
o7media 50 heat pts50 OP
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^^

looks like the downtrend is broken. up from here IMO. i doubt it will make it back down to 10,500
 8 years ago '05        #2275
kkkid 180 heat pts180
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$3,735 | Props total: 855 855
bounced again at 10500.15

edit : were under and then bounced
 8 years ago '04        #2276
Vagnum 
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$3,620 | Props total: 1 1
 o7media said:
today?

it just bounced off that support. went up like 35 points from there. if it reaches that level again it will probably create a double bottom.

it could fall through it, but i wouldn't bet on it.
no not today, next 72 Hours....
 8 years ago '08        #2277
o7media 50 heat pts50 OP
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$32,197 | Props total: 11655 11655
 kkkid said:
bounced again at 10500.15

edit : were under
yep, looks like i was wrong.

but there is a double bottom now.
 8 years ago '08        #2278
o7media 50 heat pts50 OP
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$32,197 | Props total: 11655 11655
wow broke through support...down she goes.

i should have held my DIA puts.. f**k!
 8 years ago '08        #2279
o7media 50 heat pts50 OP
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$32,197 | Props total: 11655 11655
just broke above the 50 SMA on the 1 minute dow. eod run coming....
 05-18-2010, 01:43 PM         #2280
steelmagnum 
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 o7media said:
Goldman Sachs just came out with some more bad news lol..

According to them, they said that big banks will take a 21% hit from financial reform. Smaller banks will take about a 6% hit.

CNBC now says to stop buying bank stocks lol
now would buying june puts seem like a good idea? i havent watched cspan in over a week, so I dont know what kind of timeline the reform has, but is it expected to pass senate within a short-ish time frame?
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