It was another volatile day on the market. The market started out the day well on the news of Dow Chemicals (DOW) buying competitor Rohm and Haas Co. (ROH) for $15 billion in cash, a 74% premium of ROH’s closing price yesterday. The market spent most of the day in the positive territory, but, took a quick fall in the late afternoon. Just before that quick fall, I cashed out on some trades bought in the morning, and cautioned the board as VIX started to rise:
HappyTrading
Posted July 10, 2008 at 10:54 am | Permalink (Edit)
FLR
just got a nice scalp. looks like it wants to go higher.
HappyTrading
Posted July 10, 2008 at 11:02 am | Permalink (Edit)
FSLR
cashed out on a $1.3 scalp.
HappyTrading
Posted July 10, 2008 at 11:03 am | Permalink (Edit)
VIX
being a little more careful now, as VIX just turned green.
HappyTrading
Posted July 10, 2008 at 11:17 am | Permalink (Edit)
VIX
has been very accurate lately for intraday trades.
gold/silver
going up now.
These comments are available throughout the day on the member board as things happen.
The market was going up and down pretty fast. Looked like people were able to make profittable quick trades in either direction:
BillBigD
Posted July 10, 2008 at 11:41 am | Permalink (Edit)
OIL up huge, my trader friend said might be a shortage rumor of gas.
SPX Puts- fun fun
HappyTrading
Posted July 10, 2008 at 11:41 am | Permalink (Edit)
USO
shooting up!
optiondragon
Posted July 10, 2008 at 11:47 am | Permalink (Edit)
AIG puts exploding for me…sold the July 25 puts bought at 1.17
These puts ended at $1.85 today.
bluetick
Posted July 10, 2008 at 11:47 am | Permalink (Edit)
USO i went straight in.
