Cosmic's MarketPlace Wrap - 1/5/2010

[cosmic]

Another broad day on my watchlists. Everything posting .5-1.5% gains on average with a couple of notables: AIG, YOKU, JKS - all 5-7% runners. Shorts continue to get beaten broadly.

I am still obviously positioned bullishly but have trimmed positions and moved funds around. I have not successfully shorted the market with options in over a week, so while I know there will be a rundown, it's impossible to determine the where and when. It will need to start by a day-trade initiated position... AFTER it's obvious there's a trend down. Otherwise it's just the bots circling the prices.

No new positions today. Still holding the ISPH straddle, and some RCL puts I picked up at a discount after the first failed attempt - these are again at a discount lol. Only down 10% so I'm holding right now.

Hope everyone made some money today and will do so tomorrow. Members, please post your results along with your RDA of new and improved smileys!

[Rich]

bought some fas puts.....

I will prepare to be bludgeoned.

[jack]

No trades
Broader acct up 1% today
Ungained $84K in unrealized profit turned to unrealized losses from the goldmine between yesterday and today

No worries...kick myself for not having more dough to BTFD.

[brosin]

Real Life

FFR was bearish to .18% from .19% and is now in "Get Your Parachutes on Watch" territory. This would be notable *by itself* - the divergence between the market closing here today at 1275+ and the FFR not showing anything bullishly is quite the strong sign.

My FAZ got redder and I added to it slightly @ $8.83

My IRA is up 6% YTD already in 2011... uh yeah that's *INSANE* and does nothing but worry me.

Monopoly World / tracked in blog

Big Cap - slight down day of -1.2%, a few moves as I continue selling into this

Buys:
(to cover 20%) BKE $36.53 & $36.10 / +2.6%... still holding 9x short position avg $37.28 unrealized +1.6%
(add) FAZ $8.83

Sells:
(all remaining) OREX $9.40 & $9.33 / +4.7% on that batch, +3.5% on the overall trade
(all remaining) CYOU $29.10 / +3.8% on that batch, +2.8% on overall trade
(50%) YOKU $37.80 & $38.35 / +4.8%, still holding 2x long avg $36.53 / +3.8%

Shorts:
(add) BAC $14.45 / now 5.5x short position avg $13.62 unrealized -6.5%
(add) PCLN $427.50 / now 4x short position avg $416.82 unrealized -4%
CRM $142

I am now 9% long, 90% short, 1% cash

Scalp Trades - no moves, -4.4% - the FAZ unrealized loss is currently staggering -19.1% (biggest unrealized loss by a multiple of about 3 or 4 )

Scary chart tracking my buying power...
img205.imageshack.us/img205/4416/scalptradesasof1511.png

Options Acct - no moves, -21.3% on the day as the SPY $126 Jan puts continue to deteriorate

All in all, accts down -2.7% on the day

[timber]

did a lot of options stuff today.....i said i was going to use them more in 2011......mostly for hedging though......tza calls ,,vxx calls and vix calls....ung puts also

i made three or four scalps that worked out i forgot the tickers now

[timber]

oh covered a lot of vxx and faz short for great gain

vxx was down 73% last year believe it or not

[demanuel2001]

Just a couple of LVS scalps. Watched LVS drift up and option time decay. Had a nice gainer on AIG. Overall up a little less than 1% on the overall portfolio.

[exabi]

No trades...missed the big up on PCX by a few pennies

[tajmahal9898]

only one trade -- shorted CENX at 17 - holding it overnight..

[actuarynomore]

My FAS/FAZ arbitrage trade doesn't work well in a market moving one way - Holding a bag full of FAZ - Ouch. Did snag a few more shares of ZTHO at .9 and am hoping to see a strong and final move to $1.25+ by month's end.

Saw "Little Fockers" tonight - Wait till it comes out on DVD - Did watch "The Town" last week - Really enjoyed it - Felt a little like "Heat". See everyone tomorrow - Dave

[Rich]

'double dose'
;D ;D ;D