Session of 03/15/2007

[WallStreetnBio]

Prodigykid, I would not hope for 45 any time sun. 37-38 range would be nice for short/put entry again. LEND is fast approaching put entry again.
Good luck

ohh i agree its not going to 45 i just bought calls based on it going up a dollar today and tomorrow. at what point would you short LEND again? it looks like the squeeze may be about over soon.

[nullzero]

I sold my CFC puts at the open and bought some calls. There are a ton of shorts on CFC and Fast Money said it was a buy so I expect it to squeeze hard at least 10%. The risk doctor said if it goes up a dollar it could jump to 45 real quick and I think he is right. I'll be back short after the squeeze is over.

Im holding im, this short squeeze is going to turn into a long blood bath quicker then you can blink an eye. Once more horrible fundamental news comes out. CFC should break the lows made in summer of 06 soon.

[WallStreetnBio]

I sold my CFC puts at the open and bought some calls. There are a ton of shorts on CFC and Fast Money said it was a buy so I expect it to squeeze hard at least 10%. The risk doctor said if it goes up a dollar it could jump to 45 real quick and I think he is right. I'll be back short after the squeeze is over.

Im holding im, this short squeeze is going to turn into a long blood bath quicker then you can blink an eye. Once more horrible fundamental news comes out. CFC should break the lows made in summer of 06 soon.

I think your 100% right but the squeeze may last a couple of days. Until then I'll sit on the sidelines.

[David Randolph]

From yesterday:

PCU, SLV, EEM, FXI

CHL, FMCN, HMIN, HOKU, SOLF

[HomeBound]

If LEND short covering will drive rebound to $10 look for sharp reversal and new short frenzy.

Unknown factor for all lenders is possibility of the rate cut by the feds, I believe this is a major factor driving current rebound.

[David Randolph]

If LEND short covering will drive rebound to $10 look for sharp reversal and new short frenzy.

Unknown factor for all lenders is possibility of the rate cut by the feds, I believe this is a major factor driving current rebound.

Or else everybody knows that story already.

[johnwho44]

CSV?

[David Randolph]

CSV?

Keep that one in mind and request it again tomorrow johnwho44, nice chart

[David Randolph]

Ok, the winners were XING and OFI, exactly my two votes

I wish you good trades!

[TraderStar]

I sold my CFC puts at the open and bought some calls. There are a ton of shorts on CFC and Fast Money said it was a buy so I expect it to squeeze hard at least 10%. The risk doctor said if it goes up a dollar it could jump to 45 real quick and I think he is right. I'll be back short after the squeeze is over.

Im holding im, this short squeeze is going to turn into a long blood bath quicker then you can blink an eye. Once more horrible fundamental news comes out. CFC should break the lows made in summer of 06 soon.

I think your 100% right but the squeeze may last a couple of days. Until then I'll sit on the sidelines.

I'm waiting for it to bounce into the 37-ish range, then I will get some puts with a tight stop.

JOYG has the sort of chart I like to play with options .. buy a call or two with nice tight stop.

[WallStreetnBio]

What time do the Euro markets close? The markets have dropped right before there close the last couple of days. I was thinking of buying some SPY puts for a play on that.

[David Randolph]

What time do the Euro markets close? The markets have dropped right before there close the last couple of days. I was thinking of buying some SPY puts for a play on that.

They closed 34 minutes ago. Hour changes in Europe this weekend.

[TraderStar]

What time do the Euro markets close? The markets have dropped right before there close the last couple of days. I was thinking of buying some SPY puts for a play on that.

There is a cool little free world clock program that you can put on desktop and it will keep track of any timezones you want.  I have it set for AZ, NM, NY, UK, Europe and Japan.  http://www.dualitysoft.com/dsclock

[WallStreetnBio]

LEND is getting squeezed hard today. I bought some calls about 2 hours ago at .35 and now there .95 

[tokyopua]

What time do the Euro markets close? The markets have dropped right before there close the last couple of days. I was thinking of buying some SPY puts for a play on that.

Heard something on CNBC today that sounded like big players were trying to get the S&P to 1400 by tomorrow morning, not sure how that would work if true...

BTW, how did you make that $2000 in ten minutes on your last SPY puts?