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To: neolib who wrote (207950)8/8/2006 3:45:31 PM
From: TGPTNDRRespond to of 275872
 
NEO, Re: The price action has been rather odd since the FED news.

Nah. Just buy on the rumor, sell on the news..

I didn't expect the last rate increase. This *STOPPAGE* was widely expected so the news was in the market.

Interpret it as "The FED thinks the economy is as weak as I do.".

Re: I just learned the when changing an order at Schwab, the order is not suspended while you work away at changing it.

Yes, LOL. It doesn't matter if you're on dial up or broadband, when you *REALLY REALLY* want to drop the price of your offer you cancel first, then put in the new order.

I found myself the ?proud? owner of some more SPSN $20 Jan '07 ($0.35) calls while beavering away changing an order as the FED announced and SPSN plummeted.

-tgp