12/21/2012 Live Update

[TraderJoe]

can anyone confirm that congress is closed for Christmas until Dec 27? Thanks.

I read that earlier today but things change as you know..
From the article - While the House in recess for a Christmas break that is likely to last at least until December 27,

So, looks like that so called "Fiscal Cliff" is just used to scare we retailers, nobody takes it seriously.

I believe your take on that is correct

[MrMiyagi]

So, looks like that so called "Fiscal Cliff" is just used to scare we retailers, nobody takes it seriously.

It was the pre-Christmas buzzword, the old ones got overplayed, Debt Ceiling, Recession, etc...

[MrMiyagi]

QQQ

[TraderGirl]

I mentioned Wednesday that I sold my put options in HLF Tuesday. In the 3 days since I sold them, the stock has dropped $13. I had puts on 2000 shares so I blew $26K. I guess I have been naughty

I'm with you!! You can be right, but wrong execution and you miss out!! Been there! Sorry!

[Mr. T]

QQQ

That's where we go once there's a deal?

[Al_Dente]

spy @ vwap el testing
come on bears grow some….
bears are tooooo slow................................

http://www.youtube.com/watch?v=w8NGPJxIo1o

[TraderJoe]

I mentioned Wednesday that I sold my put options in HLF Tuesday. In the 3 days since I sold them, the stock has dropped $13. I had puts on 2000 shares so I blew $26K. I guess I have been naughty

I'm with you!! You can be right, but wrong execution and you miss out!! Been there! Sorry!

My wife probably would have gone shopping with it anyway

[jarbo456]

I mentioned Wednesday that I sold my put options in HLF Tuesday. In the 3 days since I sold them, the stock has dropped $13. I had puts on 2000 shares so I blew $26K. I guess I have been naughty

i saw that man. i felt really sad for you too. down close to 30% over the past 5 days. -_-

[skittlesmds]

spy @ vwap el testing
come on bears grow some….
bears are tooooo slow................................

http://www.youtube.com/watch?v=w8NGPJxIo1o

http://www.youtube.com/watch?v=e8pWIW-iMME - It's Only Make Believe

[Cobra]

revisit the previous high, key time. I'm neutral.

[Al_Dente]

COBRA and all boardies
THANKS FOR A GREAT WEEK

ps cobra: regarding that Mayan thingie: it looks like you’ll have to put up with us for a while longer

[Cobra]

COBRA and all boardies
THANKS FOR A GREAT WEEK

ps cobra: regarding that Mayan thingie: it looks like you’ll have to put up with us for a while longer

too bad, still have to work hard everyday.

[PLUNGE]

Fiscal cliff: "The House and Senate adjourned for the Christmas holiday. Reid advised senators they will return Dec. 27, while House leaders told their members they would be given 48 hours notice if they have to return to Washington for votes."

The next steps are unclear. Republican resistance to the president's tax plan is weakening in the wake of Boehner's failure to muster enough of his own members to support his alternative plan to avert the cliff, and the looming reality that tax rates will rise for everyone if Washington doesn't act."

Nothing will be resolved until The House Members return, and we will have 48 hours advance warning before they reconvene.

[cheese]

still no action at 3:30, what a boring day

[Out of Bounds]

Snoggy starting to finally give a buy signal - remember it is generally 2-4 hours early. Monday morning?
I'll start trading again late next week.

Merry Christmas Everyone

[skittlesmds]

Brother Cobra,

Even though there was no Mayan Apocalypse, I still love you like a brother. Merry Christmas to everyone. Thanks for all of the great comments / opinions on stocks and the markets this week. Hope everyone has a great weekend and New Year.

[Out of Bounds]

Closed longs

[Petsamo]

Took profits on XME. That's $13.90 for Chuck Schwab, $13.85 for me.
My spreadsheet's predicting a gap down Monday, but I still increased my long exposure by adding to EWZ.

[Cobra]

breakout, so here's C&H target. I'm still neutral.

[TraderJoe]

I think the Bears took off for Christmas also