HOLY SMOKES : Did i read this right? Dow below 10,000 S&P;1,100 Nasdaq 1500. Is this possible by October?

NEW -> Contingent Buyer Assistance Program
Speaking of Panda Challenge...where is Panda? How come he isn't part of the game? I thought the purpose was to see how "GOOD" of an investor blowhard Panda is?
 
[quote author="awgee" date=1221688079]If you are playing the Panda Challenge, I would recommend that you stay away from options. More than half of the orders do not execute and they only execute at a terrible market price. As far as I can tell, you can not put in a limit order on options, thus making spreads almost impossible. I had put orders on RIMM, GE, MS, and GS and none of them executed.</blockquote>


Not sure i'm aware of the Panda challange. My options executed just fine. Sold calls of AIG when it hit 4s (should have held on to 5, but greed kills) and puts this morning.



Next play...straddle AAPL @ 130
 
[quote author="optimusprime" date=1221688768]Speaking of Panda Challenge...where is Panda? How come he isn't part of the game? I thought the purpose was to see how "GOOD" of an investor blowhard Panda is?</blockquote>


If you read his posts, I think the Panda you are calling a "blowhard" is making a killing today.
 
Gosh I didn't expect things to unravel so fast, and so brutally... I did all the research, but this... My portfolio's up +22% in three days. It's just crazy.
 
[quote author="awgee" date=1221700970][quote author="optimusprime" date=1221688768]Speaking of Panda Challenge...where is Panda? How come he isn't part of the game? I thought the purpose was to see how "GOOD" of an investor blowhard Panda is?</blockquote>


If you read his posts, I think the Panda you are calling a "blowhard" is making a killing today.</blockquote>


One day...give me a break. Gold is about breakeven for him right now...so he might be +10-20 on it if he indeed averaged in around 750.



The dollar is pulling back...about time.



Regardless...did Panda ever sign up? Is he "ukyo116"?
 
[quote author="optimusprime" date=1221703672][quote author="awgee" date=1221700970][quote author="optimusprime" date=1221688768]Speaking of Panda Challenge...where is Panda? How come he isn't part of the game? I thought the purpose was to see how "GOOD" of an investor blowhard Panda is?</blockquote>


If you read his posts, I think the Panda you are calling a "blowhard" is making a killing today.</blockquote>


One day...give me a break. Gold is about breakeven for him right now...so he might be +10-20 on it if he indeed averaged in around 750.



The dollar is pulling back...about time.



Regardless...did Panda ever sign up? Is he "ukyo116"?</blockquote>


No, Panda is not ukyo116. I have not "seen" Panda for a couple of days, but private messaged him this morning to encourage him to join in the Panda Challenge.
 
<blockquote>optimusprime



Posted: 11 September 2008 08:01 AM [ Thanks! ] [ Report ] [ Ignore ] [ # 114 ]

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Gold down another $15+



USD still feeling the jig.



Oil down another $1</blockquote>


Talk about silly one day remarks.
 
[quote author="awgee" date=1221704885]<blockquote>optimusprime



Posted: 11 September 2008 08:01 AM [ Thanks! ] [ Report ] [ Ignore ] [ # 114 ]

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Gold down another $15+



USD still feeling the jig.



Oil down another $1</blockquote>


Talk about silly one day remarks.</blockquote>


Well I could have come on here every day when Gold was selling off 10+ a day from the 900s and posted oh...down 5, down 10, down 20, down 30 ? :)



But then that would be annoying.
 
[quote author="awgee" date=1221704885]<blockquote>optimusprime



Posted: 11 September 2008 08:01 AM [ Thanks! ] [ Report ] [ Ignore ] [ # 114 ]

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Total Posts: 273

Joined 2007-03-21





Gold down another $15+



USD still feeling the jig.



Oil down another $1</blockquote>


Talk about silly one day remarks.</blockquote>


Dang!!! I should of took Optimus's $50 bet that Gold will not reach $850 by Dec 31, 2008. Should have listened to wise man ukyo116 as he told me that it would be an easy $50 bucks.



Dow below 10,000 S&P;1,100 Nasdaq 1500 by October does not seem far from reality.
 
Holy Mother of all Creatures!!!!!



Dow down 449.36

Nasdaq down 109.05

S&P down 57.20



Did we see drops this bad in one week in 9/11?



Stocks tumble after government bailout of AIG

Wednesday September 17, 4:24 pm ET

By Tim Paradis, AP Business Writer

Wall Street sinks again after Fed bails out AIG, Barclays buys Lehman businesses; Dow down 450

http://biz.yahoo.com/ap/080917/wall_street.html
 
The irony is perfect. The IBs have turned a blind eye to, and possibly participated in, naked short selling for years in order to make large fees from naked short selling clients. And now the naked short sellers may have turned on them and are exposing the IB's weaknesses and vulnerabilities. The IBs are getting what they gave and it is sweet.



And a topping of a bit more irony: IMO, precious metal mining shares are the most heavily naked shorted shares in the market, mostly in Canada.
 
OMG!



Gold in the Asian market is currently at 892.0 up 41.50 (+4.88%) we may open tomorrow in 900s. O yeah baby.....!!!!



Panda Singing the song from Queens "We are the "Awgees" my friends"
 
[quote author="optimusprime" date=1221703672][quote author="Panda" date=1221700970][quote author="optimusprime" date=1221688768]Speaking of Panda Challenge...where is Panda? How come he isn't part of the game? I thought the purpose was to see how "GOOD" of an investor blowhard Panda is?</blockquote>


Optimus.



"Transformers, more than meets the eyes"



Blowhard Panda??? Exqueeze ME? You got to be kidding me???
 
[quote author="PANDA" date=1221726557]OMG!



Gold in the Asian market is currently at 892.0 up 41.50 (+4.88%) we may open tomorrow in 900s. O yeah baby.....!!!!



Panda Singing the song from Queens "We are the "Awgees" my friends"</blockquote>


Your signature is all over it



<img src="http://www.goldline.com/images/products/chinese-gold-pa44-obverse-lrg.jpg" alt="" />
 
[quote author="PANDA" date=1221708417]

Dang!!! I should of took Optimus's $50 bet that Gold will not reach $850 by Dec 31, 2008. Should have listened to wise man ukyo116 as he told me that it would be an easy $50 bucks.



Dow below 10,000 S&P;1,100 Nasdaq 1500 by October does not seem far from reality.</blockquote>


It wasn't that hard of a call. Prior to the Fannie and Freddie bailout, the government knew firsthand that they were going to have to doling out money to bailout these institutions. They COULDN'T allow gold to be hovering around $950 - $1000. The takedown was too hard, too fast and smelled of manipulation.



Like Awgee said, it was a short squeeze, and now with the IBs scrambling for money they have to sell/cover whatever is liquid.
 
[quote author="PANDA" date=1221726557]OMG!



Gold in the Asian market is currently at 892.0 up 41.50 (+4.88%) we may open tomorrow in 900s. O yeah baby.....!!!!



Panda Singing the song from Queens "We are the "Awgees" my friends"</blockquote>


You're getting too excited there Panda. Patience.
 
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