city index s&p sep 04

[Tubbs]

I've been looking at the sep S&P 04 quote for city index. The S&P is up over 8 points & the quote hasn't changed. I know the futures don't move exactly like the underlying but this is ridiculous. What does it take to change this quote?

I think i'd rather trade my pants.

 

[maxpain]

Call the MM

& tell him he´s a robber or rather a thief. I called UBS today (equity options) - they have a habbit to get computer problems as soon as the underlying runs in either direction.

 

[Tubbs]

warrants

& tell him he´s a robber or rather a thief. I called UBS today (equity options) - they have a habbit to get computer problems as soon as the underlying runs in either directions.

I had the same with covered warrants - when the market was a dead cert - the warrant could not be traded. I think this whole lark sucks - it's hard enough beating the game, let alone the players as well. At least casinos don't cheat (or do they?)

 

[maxpain]

I had the same with covered warrants - when the market was a dead cert - the warrant could not be traded. I think this whole lark sucks - it's hard enough beating the game, let alone the players as well. At least casinos don't cheat (or do they?)

The option market is a big scam and one shouldn´t buy that crap. Despite my problems today I made +18% so not bad at all. Don´t believe the markets have much more on the up side. Went cash over night. If US closes high tonight and we get a "spike" in the open I´ll short it 100%. What´s suspicious was the large volumes yesterday as well as today. Cheap dollar makes US stocks cheap for foreigners so a rally can last longer than I anticipate.
GL

 

[Tubbs]

Could be right - as for the 18% thing - good on ya. Is that spread betting options or buy options?

 

[maxpain]

It was buy options wich I held since Friday and bought some more on a dip yesterday. FED isn´t putting any money into the market so we´ll just have to see how long it lasts. Hope they can keep it up until tomorrow.

Not looking good here though..

 

[Tubbs]

interesting looking graph - do you use this much?

 

[maxpain]

interesting looking graph - do you use this much?

not much but it´s an indicator of how much money the FED (M3) is adding into the market. Look at SPX in a 1 month chart and you see correlations between FED actions and the index. I prefer a good chart to get boundries to trade within.

 

[maxpain]

Guess SPX1124 is what we can get before it tanks (?)
Dow might not stop until 10100.

 

[anley]

I had the same with covered warrants - when the market was a dead cert - the warrant could not be traded. I think this whole lark sucks - it's hard enough beating the game, let alone the players as well. At least casinos don't cheat (or do they?)

This is why the Banks/Brokers etc generally earn so much money. Many people look up to finance professionals but they should have learnt by now that the majority of them are nothing more than arch skimmers and legal thieves.

Anyone see the Commons Select Committee yesterday question the Credit Card executive as to why 2 purchases on the same day could be be charged 2 different rates of interest? When pushed by the questioning MP as to whether this was totally unfair he basically couldn't and wouldn't say anything apart from mumbling something about 'it's in our terms & conditions'.

Mind you I don't know why Parliament bothers with these types of charades anymore. Every year we seem to have one or more of these types of Committee meetings and nothing is ever done to help consumers, after all many HP deals are still at 25%+ APR and have been for as long as I can remember.

 

[Tubbs]

Yeah - select committees really are powerless. I don't know what the point of them really is. I think the FSA needs a real kick up the backside. They authorise these companies to trade but don't check their practices. It sucks