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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: TheBusDriver who wrote (2888)1/23/2004 1:34:35 PM
From: Ceedee  Read Replies (2) | Respond to of 313804
 
I will go at the PDA...You a full time investor?? Use to be two years ago, but i throw the towel...No i will do it for the next 6 weeks...Ask my boss for some time off...Been takin a WHACK the past 3 days...If my SRL could jump that hurdle at $5.05 that would put a VBG on my face...GYD about to turn the corner...Some volume today...



To: TheBusDriver who wrote (2888)1/23/2004 1:50:02 PM
From: Louis V. Lambrecht  Read Replies (2) | Respond to of 313804
 
FWIW, open interest update:
Feb futures closed 8K contracts, to be 149K on Thursday, BUT
aggregate open interest rose 8K contracts to 285K.
Almost 14Knew contracts in the April futures, all Febs rolling over plus 6K new ones.
Pressure mounting for the Aprils, IMO bullish POG price pressure ahs been delayed for 2 months (again).
Lease rates flat 0.027%. IMO means decision by short commercials to intervene has been postponed to te next contract.
All in all, still record high open interest, but the situation still is under control. Keeping my bullish bias for the next contract. $450 here we come.

mu 2 cents.