Stock Market Top

Here I go again...not believing the market can go higher with the Fed scaring tomorrow.

Yes..I bought some 640 Puts on the OEX (S&P 100 index).

It would be really great to find some other people that understand options, daytrading or swingtrading.

Who is that Blogger?

I have been thinking about adding my real identity to my blog. Others seem to give more credit or seem to prefer to know the name of who they are blogging with or at least that would be my guess.



Any thoughts or opinions from the more....or less experienced---

Help Wanted....need Great Employees....

I work with a manufacturing company and have been perplexed with the candidates that we have recently offered jobs. For non-skilled we offer $8.50 to $9.50 per hour to start with significant advancement potential along with good health and dental. We pay the standard holidays, offer vacation and personal days and have a percentage match 401-k plan.

They send their resume, come to the interview, sign the ok for a background check and drug screen. We offer them an entry level position with great advancement opportunity. They agree and appear to be excited about starting their new job.

The applicant has accepted the job and helps with choosing a start date and then does not call or show up for work!!! It makes more sense to me when they work a day or two and then quit without notice.

I have hired people for over 25 years and have never had this happen multiple times. Why are these people interviewing if they do not intend to be hired?

Your opinions appreciated.

thanks
meblogin

Do you have favorite Blog sites?

Like the title says....which are your favorite sites and why?

Thanks! (don't forget to take a second to reply....smile)

Why do you blog?

I find myself struggling with the time needed to blog as compared to other hobbies/interests.

Are there stats out there as to how many try blogging to later drop out?

In no way am I trying to say that someone is right or wrong...just trying to understand from those that really enjoy hosting blog sites and replying what it is that they get from blogging?

So....why do you blog?

thanks

Pun Intended

If you don't smile and have a better day with some of these....sigh...call 911!!! grin


THE ABILITY TO MAKE AND UNDERSTAND PUNS IS THE HIGHEST LEVEL OF LANGUAGE DEVELOPMENT Here are the 10 first place winners in the International Pun Contest:

1. A vulture boards an airplane, carrying two dead raccoons. The flight attendant looks at him and says, "I'm sorry, sir, only one carrion allowed per passenger."

2. Two fish swim into a concrete wall. The one turns to the other and says "Dam!

3. Two Eskimos sitting in a kayak were chilly, so they lit a fire in the craft. Unsurprisingly it immediately sank, proving once again that you can't have your kayak and heat it too.

4. Two hydrogen atoms meet. One says "I've lost my electron." The other says "Are you sure?" The first replies "Yes, I'm positive."

5. Did you hear about the Buddhist who refused Novocain during a root canal?
His goal: transcend dental medication.

6. A group of chess enthusiasts checked into a hotel and were standing in the lobby discussing their recent tournament victories.
After about an hour, the manager came out of the office and asked them to disperse. "But why?", they asked, as they moved off.
"Because," he said," I can't stand chess-nuts boasting in an open foyer."

7. A woman has identical twins and is forced to give them up for adoption.
One of them goes to a family in Egypt and is named "Ahmal."
The other goes to a family in Spain; they name him "Juan." Years later, Juan sends a picture of himself to his birth mother. Upon receiving the picture, she tells her husband that she wishes she also had a picture of Ahmal. Her husband responds, "They're identical twins! If you've seen Juan, you've seen Ahmal."

8. A group of friars were behind on their belfry payments, so they opened up a small florist shop to raise funds. Since everyone liked to buy flowers from the men of God, a rival florist across town thought the competition was unfair. He asked the good fathers to close down, but they would not. He went back and begged the friars to close. They ignored him.
So, the rival florist hired Hugh MacTaggart, the roughest and most vicious thug in town to "persuade" them to close. Hugh beat up the friars and trashed their store, saying he'd be back if they didn't close up shop.
Terrified, they did so, thereby proving that only Hugh can prevent florist friars.

9. Mahatma Gandhi, as you know, walked barefoot most of the time, which produced an impressive set of calluses on his feet. He also ate very little, which made him rather frail and, with his odd diet, he suffered from bad breath. This made him (Oh, man, this is so bad, it's good) a super calloused fragile mystic hexed by halitosis.

And finally,
10. There was the person who sent ten different puns to friends with the hope that at least one of the puns would make them laugh. No pun in ten did.

Stock Market Oct. 2, 2006

I bought puts on the OEX this afternoon.
October 615 Puts Ticker Symbol OEYVC
1:36PM OEX value 621.75
Price $3.00 (at time of order $2.90 bid x $3.00 ask..placed limit order at ask)
They expire Oct 20. (3rd Friday) I expect to own them only a couple of days.

If you are interested in learning more about stock and index options please visit CBOE.

As earlier posted I believe the market to be over bought and the easier direction to be the same or down. I don't normally like to hold over but am curious as to what the news will bring in the morning. There are very few larger names reporting earnings this week. (needed for bullish behavior) Based on the giveaways with trucks and cars....hard to believe that the numbers will be great tomorrow morning. (I am wrong frequently) Factory Orders are due out at 10:00 in the morning...if down...then more down markets. I see more down than up...hence buying the puts.

Please, make no mistake....I am wrong frequently...but trying to learn.

Could it be a democrat strategy to sell the market between now and election??? time...hmmm...(ROFL)

Ideas and thoughts appreciated.

Joke - woman goes to her boyfriend's parents

A woman goes to her boyfriend's parents' house for Christmas dinner.

This is to be her first time meeting the family and she is very nervous.
They all sit down and begin eating a fine meal.

The woman is beginning to feel a little discomfort, thanks to her nervousness and the broccoli casserole. The gas pains are almost making her eyes water. Left with no other choice, she decides to relieve herself a bit and lets out a dainty fart.

It wasn't loud, but everyone at the table heard the poof.
Before she even had a chance to be embarrassed, her boyfriend's father looked over at the dog that had been snoozing under the woman's chair, and said in a rather stern voice, "Skippy!".

The woman thought, "This is great!" and a big smile came across her face.
A couple of minutes later, she was beginning to feel the pain again.
This time, she didn't even hesitate. She let a much louder and longer rrrrrip.

The father again looked at the dog and yelled, "Dammit Skippy!"
Once again the woman smiled and thought "Yes!" A few minutes later the woman had to let another rip. This time she didn't even think about it.
She let a fart rip that rivaled a train whistle blowing.

Once again, the father looked at the dog with disgust and yelled, "Dammit Skippy, get away from her, before she craps on you!"