Daytrader Toad's Recaps, OEX, Options, Investment

Daytrader TOAD's Recaps 27 Recaps

Past Daily Activities:
OR
Click here for Spread Sheet of prior trades.

Click here for previous Past Daily Activities (RECAPS 26)

Click here go to RECAPS 28

10/31/99 Halloween

Click HERE to see The Legend of the Toad

Jaguars 41 - Bengals 10 Jaguars won!
Florida 30 - Georgia 14 Gators won!

We are UP over 200 % this year!

It's time again to say goodbye to some Free Trial Toadsters who will drop off our list this weekend - they will be "Toadless" if they don't subscribe. See the rest of you here at the pond in the morning.

10/29/99 Evening OEX +12.82
Some Toadsters hopped in after us at lower prices and hopped out with 1 1/2 today...great, we SCW hopped out when the 720 calls hit $15.

Check back this weekend for our Halloween Treat - the legend of the Toad. Have a great weekend - GO GATORS!
Toad Update 10/29/99 #4 15:18 Email, Yahoo, Pagers & Cell Phones
We just hopped out of the Nov 720 calls OEZKD at 14 1/2.
I know, they hit 15 right after we hopped in.
Toad Update 10/29/99 #3 12:26 Email, Yahoo, Pagers & Cell Phones
Just hopped into 20 contracts of the Nov 720 calls OEZKD at $14.
Will let you know when we hop out.
Toad Update 10/29/99 #2 12:05 Email, Yahoo, Pagers & Cell Phones
We didn't hop into the Nov 720 calls (OEZKD) yet - signals said wait & now the lunch time crowd is hitting.
Going to eat lunch here by the pond and keep an eye on things.
Toad Update 10/29/99 #1 10:40 Email, Yahoo, Pagers & Cell Phones
ScreenFire just locked up my computer for the last time, we won't be using it anymore!
Looking at the Nov720 Calls (OEZKD) - and it looks like the market wants to back off some. Nothing yet as the Tick has dropped to normal range but the AD is holding somewhat. Stay tuned.

10/29/99 9:30
Bagels are good and market is heading UP again. This is the weekend of the Florida-Georgia game and you probably know who we favor: Go GATORS!

10/28/99 Evening OEX +20.40

This has been a tough week - lost two Blue Angels pilots today just north of us. We have enjoyed their performances many times - and the Blue Angels started in Jacksonville, so a lot of people around here consider them family. Our prayers go out to the families of those pilots. You can see their web site by clicking on the Blue Angels picture.

Toad Update 10/28/99 #6 Later in the Evening Email, Pagers & Cell Phones
Just wanted you to know that one of the other features of Yahoo Messenger is it shows if we are online on our website - cool.
The status indicator is above the most current update. See you in the morning and don't forget the bagels.

Toad Update 10/28/99 #5 Evening Email, Pagers & Cell Phones
Good we hopped out, as that was a "momentary" retrenchment, does that mean the "big one" comes in the morning??

Some Toadsters have reported ICQ problems and we are checking with ICQ to see what can be done. ICQ might be slowing down as it is a "Sequential Message system" if you are on the top of the list, you get your messages sooner.

Would like you to consider trying out our beta test of Yahoo Messenger - many of you have recommended it to us and we are going to start the test. If it's faster than ICQ, we will ask all of you to change - maybe...
Even if you LOVE ICQ, you might like some of the features in Yahoo Messenger.

You can find the Yahoo Messenger program at:

http://messenger.yahoo.com/

and our Yahoo Messenger name is DaytraderToad Give it a try.
Toad Update 10/28/99 #4 15:52 Email, Pagers & Cell Phones
I just hopped out of the Nov 700 puts OEZWT at 12 1/8.
Maybe should have held out for more, but this was just a quick hop.
Toad Update 10/28/99 #3 15:30 Email, Pagers & Cell Phones
Well, that doesn't look like traditional profit taking to me... Still expect to see some retracement today.
Just hopped into 10 contracts of the Nov 700 puts (OEZWT) at $11. Only want to ride this one a short time and hop back out.

Toad Update 10/28/99 #2 14:37 Email, Pagers & Cell Phones
Tight trading range since 11:00 today - expect to see some profit taking by day's end.
Enough to play? Don't know yet, keep your eye on the Nov700puts (OEYWT) just in case. Would like to see the OEX break 700 support on the downside.
Toad Update 10/28/99 #1 12:21 Email, Pagers & Cell Phones
Great run up and we considered some calls to catch the tail end of this rally. Our signals have been headed back down since around 11:00 when the market started going sideways. We are watching.
Hmmmm... stay tuned - funny signals, looks like it would like to go back down.

10/28/99 9:30
GLOBEX is way UP because the reports that came out are being interpreted as more growth and less inflation - does that figure? Stay tuned & let's see what happens after the morning pop UP.

10/27/99 Evening OEX +5.14
Lots of concern about the techs again today and then right after 3:00, the market was hit by some program trading; looked like it was mostly in financial stocks - hmmm.... remember interest rates?
Finally, as I mentioned in Toad Talk©, the third-quarter advance Gross Domestic Product and the third-quarter Employment Cost Index come out in the morning. Stop by in the morning and we will see what happens, see you here.
Toad Update 10/27/99 #2 15:42 Email, Pagers & Cell Phones
Have I ever mentioned that I HATE that 3:00 crowd?
Look what they did to the market, well some might like that it went up, but we didn't.
Looks like we are still in the pond til the morrow and we will most likely open another position on Thursday or Friday, wanted to do it today, but signals just weren't there for the 680 puts that we considered. See you tomorrow.
Toad Update 10/27/99 #1 12:46 Email, Pagers & Cell Phones
That 675 support on the OEX sure looks strong. Have watched it get close to and bounce off 675 - looking for a breakout (breakdown?)
Signals are b o r i n g - nothing strong yet. We are still watching the pond - stay tuned.

10/27/99 9:30
Good morning, GLOBEX is up slightly - let's see what happens today...

10/26/99 Evening OEX - 3.71
Rudy Ragtop

WOW, adding MSFT and INTC to the DOW! The first companies not listed on the New York Stock Exchange to join the Dow Jones industrial average, er... sorry about that Sears (S) & Chevron (CHV) (and just when we were starting to collect the Chevron cars!) They also added NYSE companies SBC Communications (SBC) and Home Depot(HD) while dropping Goodyear (GT) & Union Carbide (UK). See you all in the morning.
Toad Update 10/26/99 #2 15:55 Email, Pagers & Cell Phones
Had a nice downward movement going mid afternoon - DOWN is good. But, sideways has taken over again.
We'll stay in the pond overnight - getting a little wrinkled. urp
Toad Update 10/26/99 #1 14:00 Email, Pagers & Cell Phones
Signals confirm a continuing weakness in the market. Still in our Nov 650 puts (OEYWJ).
We're still keeping an eye on things...

10/26/99 9:35
Expecting a little pop up at opening; still in our OEYWJ puts.
Stay tuned...

10/25/99 Evening OEX -3.25
Did someone mention INTEREST RATES again? Investment by committee is looking better after Monday... Let's see what Tuesday brings, see you in the morning...

Toad Talk© was updated today. Click on Toad Talk© and listen...
Toad Update 10/25/99 #2 15:55 Email, Pagers & Cell Phones
We are still in our puts and will hold over night.
Mrs Toad and I are golfers and we are saddened by the death today of Payne Stewart. We followed him for a few holes at the TPC a few years ago; he was friendly - fun to follow. Our prayers go out to his family.
Toad Update 10/25/99 #1 12:06 Email, Pagers & Cell Phones
Love to see all this downward movement. Ribbit.
Still in the pond and watching.

10/25/99 9:35
Some earnings reports are up, some are down; futures are down. We're here, in the pond, watching...
Stay tuned.

10/23/99 Saturday Evening We are UP 237% this year!

Some Free Trial Toadsters will drop off the Free Trial list this weekend - and they will be "Toadless" if they don't subscribe. See the rest of you by the pond on Monday morning. Had a good weekend with our college teams, and the Jaguars are off!

10/22/99 Evening OEX +8.96
We are out this evening - so more words will be here in the morning. Have a great weekend - the Jaguars are off this weekend. Jaguars

Toad Update 10/22/99 #3 15:50 Email, ICQ, ScreenFire, Pagers & Cell Phones
Our recent (unscientific) poll is overwhelmingly in favor of holding over this weekend.
Unless you consider that Mrs. Toad voted AGAINST holding over - and she voted 25 times....or more. SO we are in the pond for the weekend - soggy again!
Toad Update 10/22/99 #2 13:39 Email, ICQ, ScreenFire, Pagers & Cell Phones
Apparently we have been conducting a poll - about half of you think we should hold over the weekend and half of you think we should get out. It's 20 trading days until expiration.
The vote is tied at Toad Central also - guess who wants to hold and who wants to get out....
Still watching.
Toad Update 10/22/99 #1 11:24 Email, ICQ, ScreenFire, Pagers & Cell Phones
Looking at the market today - we would consider a second position if the signals were good - they are saying "Don't HOP."
Mrs. Toad is saying "What is wrong with these people? Don't they know the market is supposed to be going down?" Then she asked if we were still in the PUTS...
Speaking of them - we are still watching and some part of our mind has been saying "Remember the OEYVN's that went up $18 after we sold?"

10/22/99 9:30
Bagels are great and the coffee is hot. Sunny day at the pond, let's see where this market takes us today - don't tell anyone, but we plan on exiting this position today.

10/21/99 Evening OEX - 2.57
Missed an opportunity to minimize our loss today - SCW hopped out today at $12.
Let's see what Bagel Day

brings in the morning. See you here by the pond.
Toad Update 10/21/99 #1 15:39 Email, ICQ, ScreenFire, Pagers & Cell Phones
CNBC says this is NOT a rally, the weakness continues. Hard to prove it by our position, the puts went from 11 1/2 to 8 1/2 in a little over 15 minutes. Had considered dumping as it approached $12.
A/D line still moving toward D's .... and we are back up to 9 1/2 ask. (&*#^(% still holding on. Market dropping...
Toad Update 10/21/99 #1 12:38 Email, ICQ, ScreenFire, Pagers & Cell Phones
We wouldn't be hanging in here if the signals weren't saying this market is going DOWN.
SO, sitting here watching the rain hit the surface of the pond.

10/21/99 9:30
Toaday it's IBM - let's see how far the market drops. Raining at the pond today - stay tuned...

10/20/99 Evening OEX +18.97
WOW, Microsoft is more influential than the FEDs! But can it carry tomorrow? Tune in to see - same bat channel.
Toad Update 10/20/99 #2 16:30 Email, ICQ, ScreenFire, Pagers & Cell Phones
Just like I always say, the 3:00 crowd can't be trusted.
Don't tell Mrs. Toad but we're holding over until tomorrow.
Toad Update 10/20/99 #1 13:34 Email, ICQ, ScreenFire, Pagers & Cell Phones
Been going sideways since 11:30 in a trading range. Will the 3:00 crowd help?
Still watching...

10/20/99 9:30
Microsoft is "carrying the world markets" according to the TV analysts. Let's see what happens.
Sitting by the pond, watching...

10/19/99 Evening OEX +3.48
Common question tonight, we sent this email to six or seven Toadsters, so let's get it out to everyone:

We bought 5 contracts at 21 1/2 (yesterday) and they closed today at 14 1/4. We bought 5 more contracts today at $12 and they are up 2 1/4 (they had been up as much as 3 1/4.)

What we really did was LOWER our average cost of the 10 contracts to 16 3/4.

Had we done nothing, we would be DOWN $3,625. With the purchase of the 5 additional contracts, we are now DOWN $2,500. We were only down $1,500 when they hit 15 1/4 - instead of down $3,125 if we had only 5 contracts.

By lowering our cost, we can now break even at 16 3/4. The probability of them hitting 16 3/4 is a lot greater than seeing them hit 21 1/2. We believe this "rally" is short-lived and the market is headed down.

Makes Toad sense to us, see you in the morning...
Toad Update 10/18/99 #3 16:04 Email, ICQ, ScreenFire, Pagers & Cell Phones
We picked up $3 on the additional Nov 650 puts OEYWJ that we hopped into today. Holding all 10 contracts over for the market drop tomorrow.....
See you then.
Toad Update 10/18/99 #2 12:43 Email, ICQ, ScreenFire, Pagers & Cell Phones
Just hopped into 5 more contracts of the Nov 650 puts OEYWJ at 12. This takes our average cost down to 16 3/4 - a more reasonable number today.
Will let you know when we hop out.
Toad Update 10/18/99 #1 12:26 Email, ICQ, ScreenFire, Pagers & Cell Phones
Mrs. Toad said, "What are you waiting for, another dump in the market?" So I said, YEP, Dr. G is speaking somewhere today and we have PLENTY of time to watch this sucker.

10/19/99 9:30
Didn't factor in Martha Stewart day at the market! Or maybe the CPI - hanging in there for awhile - we will have some retrenchment.
Good news is a lot of Toadsters hopped out after Update #3 yesterday - most around 22 or a little more.

10/18/99 Evening OEX +5.04
Holding over on the first day of the new options... The recovery that I didn't expect happened just as we were sending out Update #3. CPI and Housing Starts come out in the morning, let's see what havoc that brings. See you in the morning.
Toad Update 10/18/99 #4 15:40 Email, ICQ, Pagers & Cell Phones
Er, er, er, well, I had my sell set to 23 (again) and it didn't hit 23 (again) so I set it to 22 1/2 and it didn't hit 22 1/2. SO, I set it to $22 and it didn't hit $22.... SO, I'm hanging on to this PUT and if it doesn't get up to at least $22 -
I'm going to ...

going to...
going to...
h o l d o v e r (there, I said it!)

Toad Update 10/18/99 #3 15:07 Email, ICQ, Pagers & Cell Phones
Just wanted you to know, we are NOT buy and hold Toads. We plan on hopping out of the Nov 650 puts with a small amount of green today.
I'll let you know what we get.
Toad Update 10/18/99 #2 14:09 Email, ICQ, Pagers & Cell Phones
Still in the Nov 650 puts OEYWJ and we thought about hopping out at 23 awhile ago - but we didn't.
Toad Talk© has been updated - you can hear it here:
https://daytrader.tripod.com/OEX.html
Toad Update 10/18/99 #1 11:55 Email, ICQ, Pagers & Cell Phones
We just hopped into 5 contracts of Nov 650 puts (OEYWJ) at 21 1/2.
Will let you know when we hop out.

10/18/99 13:20
Toad Talk© was updated today. Click on Toad Talk© and listen...

10/18/99 9:35
Good morning, looks like another "mixed opening" today - stay tuned...

10/17/99 Sunday

Jaguars 24 - Brownies 7 Jaguars won! See you in the morning.

10/16/99 Saturday We are UP 237 % this year!

10/15/99 Evening OEX - 20.29
Only one thing I can say .... And we sold those puts!

10/15/99 8:32
Off
today!

We are OFF today! This is OEF, the pond is dangerous today AND you are Toadless
Now we have volatile number from the PPI and Dr. G's comments... And we sold those puts! Remember it's Double Witching...

10/14/99 Later in the Evening Greenspan Warning on Risk Knocks S&P Futures

GLOBEX is down 12.10 to 1277.90, after dropping as much as 17.00 after the 7 p.m. EDT Web release of Dr. Greenspan's latest speech.

Greenspan advised banks to set aside more money as insurance against a big financial-market downturn, a sign he is worried about a potential bubble in equity prices.
While emphasizing he was not predicting a stocks crash, Greenspan told a banking conference that sudden losses in investors' confidence "inevitably" occur from time to time and said financial institutions should boost their reserves to account of that possibility.
"History tells us that sharp reversals in confidence occur abruptly, most often with little advance notice," he said. "These reversals can be self-reinforcing processes that can compress sizable adjustments into a very short period."
Then he went to lengths to stress that he was not making a prediction about the market.

And we sold those puts!

10/14/99 Evening OEX + 0.84
Tempted to trade on OEF? DON'T DO IT! Read this instead... Options Expiration Friday!
Don't forget tomorrow is

Bagel day!
Toad Update 10/14/99 #3 15:09 Email, ICQ, Pagers & Cell Phones
Looks like a good day to stay on the muddy bank by the pond. It's been UP and DOWN all day with MIXED signals. We all know that mixed signals mean - stay out of the pond.
SO, we are off on OEF (Options Expiration Friday) and you should do the same. I'll stop by in the morning to have a bagel and drink coffee with you, but you are TOADLESS on OEF.
Toad Update 10/14/99 #2 13:49 Email, ICQ, Pagers & Cell Phones
Maybe it wasn't my emotions that kept us out of the Oct 670 puts - maybe it was the old Toad GUT indicator!
Glad we didn't hop into those @#*%$%^# puts and we are still FLAT toads.
With tomorrow being double witching Options Expiration Friday, probably won't hop anymore today. UNLESS something looks too good - we will stay here by the pond watching.
Toad Update 10/14/99 #1 11:41 Email, ICQ, Pagers & Cell Phones
I just let my emotions get involved and didn't hop.
Was considering the Oct 670 puts (OEYVN) and realized those were the ones we sold for a pittance on Friday. Just couldn't get back into them. . . Probably a good play - but I'm holding a grudge.... It is also one day before OEF (Options Expiration Friday.)
Just shows the merits of "buy and hold".... the ask is $8 1/2.

10/14/99 9:30
Maria says we are slated to go DOWN again today, stay tuned...

10/13/99 Evening OEX - 15.04
Made two trades today, our signals had us out of the 690 puts a little early, so we hopped back into the pond, this time with the 680 puts. The puts promptly tanked and .... we coulda hopped into them a lot cheaper about 30 minutes after we got in. The signals held and so did we - worked out ok today - love our signals. See you in the morning.
Toad Update 10/13/99 #6 15:41 Email, ICQ, Pagers & Cell Phones
Just got a notice from a Toadster who got $12. Really happy for him, really happy for him, really happy for him, really happy for him.....
Toad Update 10/13/99 #5 15:29 Email, ICQ, Pagers & Cell Phones
Just hopped out of the Oct 680 puts (OEYVP) at $11 1/4.
It didn't hit $12.... that's where I had my sell when they were hitting $11 so I've moved my sell around a couple of times and was even considering $10 for awhile.
I'm FLAT, WHEW!
Toad Update 10/13/99 #4 12:56 Email, ICQ, Pagers & Cell Phones
Just hopped into 10 contracts of the Oct 680 puts (OEYVP) at $9.
Will let you know when we hop out.
Toad Update 10/13/99 #3 12:13 Email, ICQ, Pagers & Cell Phones
Just confirmed that we are out of the Oct 690 puts OEYVR at $14. Was trying to change my sell to a higher number and we got the notice we are out.
Will let you know when we hop again.
Toad Update 10/13/99 #2 11:00 Email, ICQ, Pagers & Cell Phones
Just hopped into 10 contracts of the Oct 690 puts (OEYVR) at 12.
Will let you know when we hop out.
Toad Update 10/13/99 #1 10:55 Email, ICQ, Pagers & Cell Phones
Just chased the Oct 690 puts (OEYVR) and didn't hop yet. Will let you know when we hop.
If you are going to try ScreenFire, download the program and then add us using our email address of:
daytradertoad@alltel.net

10/13/99 9:30
GLOBEX says it's looking like a down morning - let's see...
If you want to be included in the

ScreenFire beta test, download the FREE program and add us using our email address: daytradertoad@alltel.net that's it! Click on ScreenFire logo to download.

10/12/99 Evening OEX - 11.52
Looks like the puts we sold for $9 hit $11 today and after we hopped in they backed off to $7 - lot's of opportunity for the TOAD +10 people! Don't know about TOAD +10? Read about it here!

Have to run, we are going to a meeting tonight - see you in the morning.
Toad Update 10/12/99 #3 15:16 Email, ICQ, Pagers & Cell Phones
Owwwwwwwwwww.
The put that we sold for $9 (chicken Toad) just hit $10 and the ask in now 10 1/2...... owwwwwwwwwwwwwwwwwww. Didn't trust the 3:00 crowd and this market might have turned against us. owwwwwwwwwwwwwwwwwwwwwwwww.
But, it doesn't bother me, bother me....bother me.... bother me....

10/12/99 15:38

We are beta testing ScreenFire; it is another free ICQ type program that is designed to work with and around firewalls. You can read about ScreenFire by clicking on the ScreenFire logo.
If you are interested in participating in the test, download and install the program and then add us.
Toad Update 10/12/99 #2 14:25 Email, ICQ, Pagers & Cell Phones
The conservative (chicken) Toad just hopped out of the Oct 695 puts (OEYVS)at 9.
Will let you know when we hop again.
Toad Update 10/12/99 #1 12:56 Email, ICQ, Pagers & Cell Phones
Just hopped into 10 contracts of the Oct 695 puts (OEYVS) at 8.
Will let you know when we hop out

10/12/99 9:30
Good morning, looks like a "mixed day" today - What does that mean? Stay tuned...

10/11/99 Evening OEX - 0.69
Jaguars

Jaguars 16 - Jets 6 Jaguars won! See you in the morning.
Toad Update 10/11/99 #2 16:00 Email, ICQ, Pagers & Cell Phones
Let's call it a day - Columbus Day. Certainly not a trading day!
Updated Toad Talk today. See you by the pond tomorrow.
Toad Update 10/11/99 #1 13:56 Email, ICQ, Pagers & Cell Phones
We're sitting by the pond but there isn't much to watch today. Guess it's because of Columbus Day. Bet he faced bigger waves.
Still watching...

10/9/99 Saturday Evening We are UP 214 % this year!

Some Free Trial Toadsters will drop off the honored list this weekend - and they will be "Toadless" if they don't subscribe.

Jaguars Don't forget the Jaguars game tomorrow.

10/9/99 Saturday
We received several email pointing out that we didn't have 10 contracts of the Oct 670 puts (OEYVN) because we only hopped into 5 contracts on October 1st. They were correct and we have changed the chart.
I wasn't looking at much other than the PRICE of those options, they had been in the family for so long, we were using each other's first names. Was a little upset about the trade, on Friday just updated the site and shut down the computer.

10/8/99 Evening OEX +8.71
We are all out of a bad thing... Listening to all of the "experts" this week certainly was a mistake - this was supposed to be a serious down week... right. Let's stick with the Toad's analysis and probably listen to Mrs. Toad (as soon as she starts speaking to me again!) Have a great weekend and see you on Monday.
Toad Update 10/8/99 #3 16:08 Email, ICQ, Pagers & Cell Phones
We are skinny, flat toads. We got out of our ugly, soggy puts and will post the analysis/recap on the web site in awhile. It will be this page:
Check it out.
Page is not done, yet - check back in a bit. Will also wait until this weekend to make this page public.
Have a good weekend.
Toad Update 10/8/99 #2 15:30 Email, ICQ, Pagers & Cell Phones
We are going to close out this position and start FLAT on Monday.
Trying to get $2 and doesn't look good. Will lower sell and get out a little closer to 4:00 - will let you know what we get.
Check out the site, I'm going to either post an analysis on the site this weekend or email you a "secret page" on the web site.
Have a good weekend.
Toad Update 10/8/99 #1 11:07 Email, ICQ, Pagers & Cell Phones
We have considered opening another position to make up some of the loss on our open Oct 670 puts (OEYVN) BUT the signals are really mixed today.
Looks like a day to be FLAT. Speaking of FLAT, we will dump the 670 puts today - if we can get a move to the downside, we will take a small increase in price. Expect to be out at $4 or $3 today.

10/8/99 9:30
Good morning, employment report was mixed. Jobs down because of Floyd and average hourly earnings were up - stay tuned.

10/7/99 Later in the Evening
You need to read this.

10/7/99 Evening OEX -5.10

I think it's YOUR TURN to bring the bagels!
See you in the morning (DOWN THOUGHTS!)...
Toad Update 10/7/99 #2 15:50 Email, ICQ, Pagers & Cell Phones
That was a start. Just primed the pumps for a LARGE drop on Friday. Let's have bagels and celebrate the market dropping tomorrow. Don't forget - "Interest rates are going up next month - SELL!" Spread the word.
See you at the pond in the morning.
Toad Update 10/7/99 #1 14:35 Email, ICQ, Pagers & Cell Phones
That was a start, now let's see some more sell off, keep spreading the word.
Expect to see a move after 3:00 or at the latest on Friday. We will be FLAT today or tomorrow.

10/7/99 9:30
Good morning, looking for profit taking either today or tomorrow. Expect to be a FLAT Toad by the end of the week.
(Remember, spread the word: Interest rates are going up!)
Stay tuned...

10/6/99 Evening OEX +11.93
No help today, see you in the morning.
Toad Update 10/6/99 #2 16:00 Email, ICQ, Pagers & Cell Phones
Well, the 3:00 crowd sure didn't help today.
Will see you all here again tomorrow, same station.
Toad Update 10/6/99 #1 13:24 Email, ICQ, Pagers & Cell Phones
This is NOT the right direction.
Spread the word - FOMC meets in Nov and will DEFINITELY raise rate - spread the word! Let's start rumors and help our puts.
Waiting for the 3:00 crowd.

10/6/99 9:30
Good morning, we are thinking DOWN thoughts. Stay tuned...

10/5/99 Evening OEX +0.31
This is a direct quote from Drew Robertson at ABS Live:

"Today's split decision by the Fed made sure that everyone who traded today had something to complain about.
Another V reaction with shorts and longs shaking."

1) Mrs. Toad commented that she isn't the only one who sees W's and V's in the charts.

2) Another downward leg like today and we just might be able to hop out of these soggy puts. See you in the morning.
Toad Update 10/5/99 #2 15:49 Email, ICQ, Pagers & Cell Phones
Looking a little better - still not in the money, but it's a lot better.
We will hold this sucker for the dump in the morning..... indicators all say the same - this is the continuation of the market's direction. DOWN.
Told Mrs. Toad our position went up $3000 today.... and she said, oh, never mind what she said.
Toad Update 10/5/99 #1 14:07 Email, ICQ, Pagers & Cell Phones
We are close to the moment... FOMC will talk soon and IF we don't see the pullback immediately, we are going to hold for the 3:00 crowd.
Mrs. Toad sent my lunch out to me on a small float - it's soggy here in the pond.

10/5/99 9:20
FOMC Today... Dr. G

Stay tuned…

10/4/99 Evening OEX +12.29
Lots and lots and lots of people can't figure out WHY the market went up today - the day before the FOMC. Most all believe the selling pressure has not gone away - how about coming back tomorrow?
GLOBEX is down right now, but who knows what the morning will bring... we will be here (IN the pond) in the morning, see you then.
Toad Update 10/4/99 #2 15:06 Email, ICQ, Pagers & Cell Phones
Everyone is talking about the market going UP today - no one can figure it out.....hmmmm
Things like:

Well, if the after 3:00 crowd doesn't help some, we will be holding on FOMC day.... ribbitt...
10/4/99 12:30
We have a new, simpler web address: daytrader.tripod.com Click here and then update your bookmarks!
Toad Update 10/4/99 #1 12:11 Email, ICQ, Pagers & Cell Phones
We are holding the Oct 670 puts (OEYVN) from Friday. We expect some retracement today, but if the market stays up that might cause the FOMC to lean more toward tightening and that would cause the market to tank with our puts going UP.
Geez.... I thought the Jaguars game was frustrating on Sunday - but we did win. So let's think winning thoughts on these puts!
Go listen to Toad Talk© it was updated today.

10/4/99 9:30
Good morning... Globex is up, the puts will be down on open. Let's see what happens.

10/3/99 Sunday
Jaguars

Jaguars 17 - Pittsburgh 3 Jaguars won! See you in the morning.

10/2/99 Saturday We are UP 243 % this year!

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It is time again to say goodbye to some Free Trial Toadsters who will drop off the list this weekend - and they will be "Toadless" if they don't subscribe. See the rest of you here by the pond Monday morning.

Past performance is no guarantee of future returns.

Click here for previous Past Daily Activities (RECAPS 26)

Click here to go to RECAPS 28
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