Posted on 07/16/2005 1:38:48 PM PDT by wagglebee
Short volume in airline shares has spiked on many occasions prior to 9/11, one famous example being August-October 1990, after Saddam's little excursion into Kuwait. There's nothing particularly indicative about an expansion of short volume...**before** the fact, sorry.
Yuri Sergeevich Andropov
I'm really hoping you didn't think I was suggesting that Shrivleup was his real middle name.
It was a joke.
say it out loud.
shrivel up and drop off
Very old joke (at least 1980s).
I keep pitchin' 'em but y'all, I say, y'all keep missin'
George Soros?
Actually, I didn't see the joke post, just the inquiry about the name. Sorry. (hangs head...)
The USD had broken through the 90 target last week but September's contract, although up 0.35 remained under 90.00 at 89.62.
Any further attacks within major E.U. states will most likely also place another drag on the Pound, as well as the Euro S-Franc & the Aussie.
In addition to currencies, the forecast is indeed going to be a very long hurricane season this year. The mid-Atlantic Ocean heated up far sooner then the norm. OJ should do very well {if} the Gulf related storms adversely effect Florida western & mid growing areas. Friday's close for September was an even @100.00 -0.80.
The options are equally untradeable, the IV is at least 8-10% too high to buy the straddles and I'd be taking the short end of the bet. Similarly, outright call buying is at least as risky as a straight long, and writing any oppies, naked or ratio-spread, is asking to have my head handed to me.
Just fyi, and speaking historically, the most persistent winning strategies in OJ are: 1) buying ATM November or January straddles in late April/early May when IV is below 20%, and B) trading the extremely high-reliability non-seasonal (see my book, Chapters 6 & 7 ... /endshamelesscommercial, heh heh heh) by writing March calls WOOM in November/December/maybe January.
Good trading to you!
.
You had been speaking on the Pound. Notice in the sharp upswing indicator line representing open interest (OP) during the the first week of July (at the bottom of the this chart.
The BP had a fine bullish run during the last 1/4 of 2003 jumping from under $1.50, climbing to the high $1.80's then diping back to $1.75 and remaining within a sideways range of $1.77ish to $1.85ish for most of 2004, then reaching a new high in the mid $1.90's over this last winter. The Bank of England keeping interest rates favourable, coupled with the declining USD all contributing to her rise. The BP sideways traded in the range of $1.93 to $1.85 during the last winter & spring until the anti-E.U. votes slammed the Euro & bolstered the USD.
Since the BP was already bearish along with other 'EU' related currencies against the USD, logic would mandate a continuation of shorting the BP after the London bombings.
Good trades!
I was just thinking about that just today. According to Larry Nichols, Hillary bought pharmacutical stocks just before she announced that she was backing off on reforming them. But, what Nichols wondered about even more was who she may have tipped off.
"The US economy continues to roll, Europe's to stall. My guess is that currency traders are well aware of the trend...."
But the rate that WND reported, 6% in 10 days, that's pretty steep, isn't it? What you are talking about would be more gradual, not at a rate of 60% in 100 days.
It was interesting reading your post. This is deep. The KGB had a lot of inside knowledge. They could help investors with some of their intelligence, couldn't they? People like Armund Hammer [sic?].
I also wonder about the people in Echelon. I would imagine Echelon could be extremely helpful to investors.
FRegards....
Savage is a lot smarter than people give him credit for. Boortz actually thinks Savage is the smartest man in talk radio. Personally I think Boortz is shortchanging himself, however. That man's an evil genius. He's brilliant enough to see through all the leftist BS, even though he has little faith in his heart.
One thing I've noticed about Savage is that he can "wing it" on radio so well he sometimes goes through phases where he might run a show on two measly articles. Not enough to keep me interested.
"I noticed that this attack, like 9/11 also occurred after a major tennis tournament."
Please elaborate. Is one of bin Laden's men a tennis fan?
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