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First ever intra-day +700 point gain

Posted on 10/13/08 at 2:46 pm
Posted by Cash
Vail
Member since Feb 2005
37580 posts
Posted on 10/13/08 at 2:46 pm
I'm so shell shocked though I have no idea what to do or how to feel.
Posted by C
Houston
Member since Dec 2007
28158 posts
Posted on 10/13/08 at 2:48 pm to
Yet still down 8% for the last 5 days.
Posted by sec13rowBBseat28
St George, LA
Member since Aug 2006
15757 posts
Posted on 10/13/08 at 2:52 pm to
+ 800 now
Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 10/13/08 at 2:54 pm to
I'm seeing +923

edit: 986
This post was edited on 10/13/08 at 2:54 pm
Posted by mburne4
NOLA
Member since Nov 2006
8100 posts
Posted on 10/13/08 at 2:54 pm to
825...climb baby climb.


this is gonna make tommorrow interesting as hell
Posted by Cash
Vail
Member since Feb 2005
37580 posts
Posted on 10/13/08 at 2:56 pm to
quote:

I'm seeing +923

edit: 986


where
Posted by sec13rowBBseat28
St George, LA
Member since Aug 2006
15757 posts
Posted on 10/13/08 at 3:00 pm to
+ 968 now
Posted by footballislife
Member since Mar 2007
3907 posts
Posted on 10/13/08 at 3:00 pm to
So between early morning on Friday and right now we are seeing a 18% or more swing. This is unreal. Might lose it all by tomorrow at noon also.
Posted by mburne4
NOLA
Member since Nov 2006
8100 posts
Posted on 10/13/08 at 3:01 pm to
what a fricking day
Posted by Cash
Vail
Member since Feb 2005
37580 posts
Posted on 10/13/08 at 3:01 pm to
might hit +1000
Posted by Proejo
Dallas
Member since Oct 2007
5889 posts
Posted on 10/13/08 at 3:02 pm to
I have some roller coaster software for my Wii that doesn't get me this dizzy!!

Posted by Colonel Hapablap
Mostly Harmless
Member since Nov 2003
28791 posts
Posted on 10/13/08 at 3:06 pm to
quote:

where

ThinkOrSwim.

Looks like it closed +931.

S&P closed at 995, up 96.08.

Posted by Pierre
Baton Rouge
Member since Nov 2005
5415 posts
Posted on 10/13/08 at 3:35 pm to
So what's next? Tomorrows Game Bulls vs. Bears is a pick 'em.


Bears have homefield because they have earned it this season.

Over/Under (Volatility) 29
Anyone have a clue?
Posted by Geaux5000
Member since Sep 2007
1568 posts
Posted on 10/13/08 at 3:40 pm to
quote:

So what's next? Tomorrows Game Bulls vs. Bears is a pick 'em.


Is Jordan playing?
Posted by Roach
River Ridge, LA
Member since Nov 2007
4258 posts
Posted on 10/13/08 at 4:18 pm to
I would guess a small decline tomorrow but who the hell knows.
Posted by tigerfan4444
Member since Apr 2008
702 posts
Posted on 10/14/08 at 12:06 pm to
Why are/were you shell shocked? Point gains or losses are not as significant as % gains or % losses.

If you pay attention to the VIX you would know to expect these huge price swings and it wouldn't be a surprise. With the VIX at 75 last week then you were looking at a lot of fear and basically you could see huge swings. Normal reading for VIX is 17.

Did you make money with the point movement?

I could see if you were holding UYG puts and had this huge percentage gain in that holding. Then being shell shocked would seem like an appropriate reaction.
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