Cosmic's MarketPlace Wrap - 1/14/2011

[cosmic]

Lots of green and lots of breadth today it seems. Since RCL was up almost 5% today - by the way MORE than anything on my watchlists except for ITMN (Intermune), I rewarded it by shorting. My Feb puts were wiped out today on that move, however I added long deep ITM puts for Feb, Mar and June. I will win this trade lol.

SQNM is performing admirably and as expected. I'm very happy with that trade and it was low risk. I'm still trying to figure out the price explosion that occurred right after I bought the shares and sold those calls a few weeks back. I have theories about bots registering short trades and trying to clobber them, and stuff like that but SQNM and those 7.50 calls only have a few 'options' left.

I remember Gapper mumbling something about closing above 1290 on a Weekly basis. That all of his work would be down the tubes if that happened.

I have a date tonight so all is good


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

[ppppp3571113]

Huge day for me as I was 90% SOXL from 57. Sold half the SOXL EOD will buy FAS next week with it.

[Rich]

Bravo Bulls!



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no trades today, but I enjoyed all of your company.

[rockbo77om]

Picked up a tech name first time in a long time, SMSI (a play on Verizon & 4G). JPM downgraded it to neutral yesterday while upping the target price... yeah, gotta love those. It's gift after the 15% pull back, IMO.

Otherwise also holding in order of descending pos size: C, MGM, BAC, XLF, PWER, BIDU. All longs of course

Let go of MBI today, the biggest disaster of a trade so far in 2011. Tried it scalp it 2 days ago after the court ruling... NEVER turn a trade into an investment!! That was expensive.

Hope all did well!

[maxi]

Sold my penny stock CAPS for 18.23%
Bought PSUN +1.2%
I had bought back a small amount of HAL a while back. +3.26%
SVA +3.86%
ZLCS dead even
SVM the miner I posted about....

[timber]

i made about 800 bucks on my tvix short....i had to cover they were calling it in tuesday ...i didnt want to take any chances

[demanuel2001]

Well now LVS and the market both went up! I puked up AIG - pretty much gave back what I made earler in it. Felt whimsical so I joined the SNSS crowd for the heck of it - I guess every portfolio ought to have a couple of penny stocks in it. Net for the day was up 1/2 % making it up 1% for the week and 6.5% for the year to date.

[brosin]

FFR was level at .16% and remains in 'deployment on risk' levels. But hey, at least the market is in orbit so that everyone can safely deploy their parachutes near the top... I'm sure that's what everyone's thinking, right?

My FAZ re-lost nicely on the day and I'm back to the drawing board

monopoly world [/b] - no moves, but quite a bad day

Big Cap Acct was -4.8%: I remain 3% long, 97% short with now a fairly substantial margin call that I will be "forced" to meet on Monday given that it will be the 3rd day with buying power at a negative number

Scalp Trades Acct was -3.2%,
Options Acct was -20%

All in all, accounts were down -4.4% on the day

I remain very bearish.

Have a good weekend everyone!!

[exabi]

Got beat up a bit on PCX, but bought back my covered calls for a .55 profit, net cost is now 24.70.

[benvestor]

holding a few LVS calls.. not scrrrrrrd

[tajmahal9898]

kicking myself for selling large SOXL position @ 52 a month ago..

fired the last bullet -- shorted another 20K MU at 9.84 holding 80K short naked position b/e 9.59

[kbk3ck]

Jan 14, 2011 16:04:45 GMT -5 @ppppp3571113 said:

Huge day for me as I was 90% SOXL from 57. Sold half the SOXL EOD will buy FAS next week with it.

P5, we think alike. Unfortunately I was only 20% in SOXL and got home too late to sell it. But over 8% on 20% of my money was GREAT!!!!