<p>Thanks, Krlilies.</p>
<p>High flying LQDT tanked on earnings disappointment. It may be an over reaction.</p>
<p>Well, sometimes the Gurus that make the money go to jail.</p>
<p>First day of the month seems to favor buyers. Is it just my imagination? I guess it would be easy to backtest. My mental imaginary market model has most actively managed funds buying the first day of the month. What else can they do?</p>
<p>
</p>
<p>No – you can Google “turn of the month effect” for research on this.</p>
<p>ah yes, one of my favorite websites: :D</p>
<p>[Let</a> me google that for you](<a href=“LMGTFY - Let Me Google That For You”>LMGTFY - Let Me Google That For You)</p>
<p>I am once again, painfully, lightening up as the market threatens to stampede past me.</p>
<p>Cute NJRes…</p>
<p>Did you see this?</p>
<p>[Stocks</a> and the Turn-Of-The-Month Effect - Seeking Alpha](<a href=“Stocks and the Turn-Of-The-Month Effect | Seeking Alpha”>Stocks and the Turn-Of-The-Month Effect | Seeking Alpha)</p>
<p>I disagree that it isn’t playable…but anyway…interesting numbers…</p>
<p>Sold tlt calls…</p>
<p>Doct, I haven’t done anything in aapl yet… Speculation is dropping in aapl. I might not do anything in aapl. Feels like I am naked if I don’t do anything in aapl. :)</p>
<p>Part of that is 401K automatic payroll withdrawals for those paid monthly.</p>
<p>The ISM economic numbers are very good - upside surprise there. Especially considering the defense contraction. The economy seems to be doing somewhat better than okay. That hasn’t helped employment that much but it sure helps the stock market.</p>
<p>Today was an insane trading day.</p>
<p>I moved all my cash in 401K to stock on Wednesday. So I was second guessing myself yesterday. </p>
<p>Go, Market Go. S & P to 1600 by April 25th.</p>
<p>Well…aapl did not close at a strike…</p>
<p>I tried to do a spread for 2 hours in aapl paying slightly better than buying the offer and selling the bid and I didn’t trade it. The spread was right there. In the past it would have traded. I didn’t ask for a special deal. I priced the spread well enough to trade, but I didn’t see a lot of action outside of the stuff that expired today.</p>
<p>oh well…</p>
<p>“I moved all my cash in 401K to stock on Wednesday. So I was second guessing myself yesterday.”</p>
<p>Hopefully you have some “dry powder” to take advantage of the inevitable pullback.</p>
<p>$compq moved to the top of its channel and pulled back today. My technical target is 3,400.</p>
<p>Everybody was describing the market as a little ahead of itself today. Too many either expect or want a pullback (including me). Do we all feel more wealthy now that our stock portfolios are worth more? (I do) Isn’t it grand? Just like how our house used to make us feel wealthy… before the house value dropped by 30% or more. All that “wealth” just vanished. Hope this newfound wealth sticks around a while.</p>
<p>I definitely feel wealthier but it’s just play money. We don’t really spend it.</p>
<p>It’s been a struggle to get my stock market profits to make up for the continuous loss on my house values.</p>
<p>Do you ever trade after hours? I just bought 100 IBM at 204.85 at 6:30 pm, actually took 2 confirms, a 40 and a 60. I had 1 205 short call that went off today and I assume I will be exercised. I have been selling puts and calls (1 at a time) on IBM for the past year which has worked very well because it has traded in a range. </p>
<p>This means IBM will open Monday at 203.50. :D</p>
<p>I have traded after hours. </p>
<p>I think you will be assigned on the calls, but it is not a sure thing.</p>
<p>No use worrying about it. The stock was not trading much after hours anyway. The stock closed 205.10 after hours. </p>
<p>I think you will be ok whether you are assigned or not. You may have a nice after hours purchase.</p>
<p>You know… next time…you could roll the call with a few minutes to go. :)</p>
<p>The stock is ex div next week.</p>
<p>What are you folks doing to either protect your positions or take advantage of a near term correction?</p>
<p>I was driving home this evening and thinking about the stock market and asked myself: who is buying stocks like mad today? I know the economic news was very good but most of the good traders that I know have been all-in or close to it since November or December and retail was supposed to be piling in early January. It’s been very quiet around the office (maybe all the illness going around). So is this institutional? Mutual Funds? Hedge funds? Banks? Or a big short squeeze?</p>