Market is totally devoid of paper right now. Last 30 minutes have ben consumed with:
1) finding NY-style pizza in Chicago, a formidable, if not impossible task. and,
2) getting the most NY-looking pizza place to deliver 2 miles outside of their delivery zone.
Anybody watching anything? I'm picking up cheap puts inthe brokers for a late day collapse, but have already resigned myself to the fact that they are probably worthless...
Cramer missed his calling for the Muppets...
A lot of tape painting going on here...ie HPQ....lot of 100 share trades
As the highway sign reads....
....LAST CHANCE GAS!!!!
Posted by: Joe Barilla | Friday, August 17, 2007 at 11:18 AM
Scott - we had a 600 point rally in just one hour of trading, 3:10 yesterday to 9:40 today. almost 5%. more than 5% on nasdaq and S&P. so while the market may well break later today, what more could we expect? especially in light of the fact that the rate cut probably would not solve anything.
Posted by: yanivf | Friday, August 17, 2007 at 11:08 AM
I bought CFC Sept 15 puts.
I think they go under next week.
Good news is barely holding them up.
Typical style. Halt at $10 opens at $1
Gets delisted from NYSE.
We had a failed rally today! Cramer said biggest point gain ever for the DOW 30. That's not even close to true.
Posted by: SCOTT MORRISON | Friday, August 17, 2007 at 11:04 AM
I thinking about taking today's profits and walking away for the day. This week's been harsh.
Posted by: Mike Fatah | Friday, August 17, 2007 at 10:55 AM