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Post by cosmic on Jan 20, 2011 16:05:00 GMT -5
I don't know what to call that... a photo finish perhaps?  If the old adage is true that the Friday before opex predicts the week's action, then tomorrow should be up big. However it did feel as if the bears were trying to dig in and get some selling going on.  No trades today, my RCL puts continue to do well. My SQNM play has reached it's conclusion and will be ready for another repeat soon. All in all I'm very happy with those trades, as well as lightening the load skimming profits in other places.  Look forward to some aggressive buying in the future, but right now any strategy that involves a buy also involves a covered call so as to protect as we go through what appears to be a topping process. I expect a broadening wedge to form here.  Hope everyone made some money today and will do so tomorrow. Members, please post your results along with your RDA of smileys!  |
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Post by Rich on Jan 20, 2011 16:09:57 GMT -5
something akin to a hammer on the spx daily candle.
bullish.
Unless they know that we know that they know.
hehehe.
I don't trust those wall street bastards.
no trades, my father-in-law called about 10am and threw my trading off. I was going to go short. Missed out on some cash, but who knows if I would have sold at the right time. Oh well.
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Post by maxi on Jan 20, 2011 16:12:49 GMT -5
I unlost nicely on some stocks.... Others are still  |
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Post by demanuel2001 on Jan 20, 2011 16:20:31 GMT -5
Nasty start for the day to me. Puked up a few of my falling knife LVS shares. Then did some rolling of my short Feb $47 and $50 puts out into Jun $45 and $46 stikes. More premium better strikes from my perspective. Also rolled Jan into next weekly for more premium. Overnight bought back MNKD and then sold it out today but then went and bought Feb $6 calls. Not much else going on. Net net once FJPNX reports in I'll be down another 1.5% of portfolio value but still up 2.5% for YTD. Bit of a sucky week for me so far - I guess it's good that it only has 4 days in it.
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Post by timber on Jan 20, 2011 16:28:45 GMT -5
bought and sold goog
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Post by jack on Jan 20, 2011 16:44:23 GMT -5
something akin to a hammer on the spx daily candle. bullish. Unless they know that we know that they know. hehehe. I don't trust those wall street bastards. no trades, my father-in-law called about 10am and threw my trading off. I was going to go short. Missed out on some cash, but who knows if I would have sold at the right time. Oh well. MetaStock just issued a BUY signal on SPX on 1/14 fwiw... |
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Post by jack on Jan 20, 2011 16:46:36 GMT -5
Sold some of my FNSR position for some dough... ;D
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Post by deadmoney95 on Jan 20, 2011 16:52:45 GMT -5
Sold some of my FNSR position for some dough... ;D candid shot of jack enjoying profits:  |
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Post by jack on Jan 20, 2011 16:56:53 GMT -5
Sold some of my FNSR position for some dough... ;D candid shot of jack enjoying profits: No chicks? Where's the chicks? LOL!!! |
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Post by benvestor on Jan 20, 2011 18:31:23 GMT -5
Sold 3 SPY puts - Bought at .67,sold at .88  Holding $2k GOOG  Have an AAPL call for a bounce tomorrow and a SPY put for any downward pressure..  MNKD and VLNC look real nice, going to get in soon.. WOW MNKDs $5 calls quadrupled from this morning..and I was stuck watching GOOG traingles  Went as planned and looks like tomorrow will too.. good stuff |
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Post by brosin on Jan 20, 2011 18:43:45 GMT -5
FFR was bearish overnight to .18% from .19%, one night after its .03% supersurge into yesterday morning. At face value, the lending markets have been acting funky. Under the surface, I do not believe all is well. My FAZ re-lost a bit, and both of (or 2/3 if we count SPNGQQQQQQ as a position) my penny stocks are now 'in play' I believe... IMDS & MNDP. Maybe I'll be able to sell them soon!!!  So that's been fun to see Big Cap - another strong day of >$100K in gains. As mentioned in yest's wrap, I went from -$400K in unrealized losses to $-230K in unrealized losses; today, I moved to being only down $-129K in unrealized losses. Acct hit a new high intraday at +88% since inception, and closed the day at +83.7% for a new closing high.. more squid since mkt was not down very much My only long position (MOBI) was up a ton as well  LOL Acct +4.5% on the day, a few moves Buys: (add) DRV @ $17.72, now a 11x short position avg $19 unrealized -5.8% Shorts (both new positions): STEC @ $20.15 CHK @ $27.41 I am 3% long, 97% short - after the DRV buy and late day move for the mkt towards even, I got another margin call   scalp trades - still no moves, it has been forever but still holding FAZ; acct down -1.1% on the day options acct - tomorrow the account should die out. It was fun while it lasted but I am holding SPY $126 Jan puts from a month or so ago... never thought the market would get this high and they haven't gotten a decent bid in quite awhile. Luckily I had moved out a lot of profits when I was near my high, as I will have to now reconsider whether to give it another try with some money from my Big Cap account or not...  , acct down -10.8% on the day All in all, accounts were +3% on the day |
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Post by exabi on Jan 20, 2011 18:59:12 GMT -5
Unlost a goodly amount on PCX....I was feeling a little queasy when it hit 22.04...my cost is 24.70, only down a buck and a little change now. Bot some MNKD MAY 6 Calls a little late in the day, and actually up abt 16%. Waffled about a couple of GOOG calls, but could not bring myself to make the trade due to the extreme high premiums....I'm guessing both the Jan Calls and Puts will be down tomorrow.
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Post by tajmahal9898 on Jan 20, 2011 19:46:32 GMT -5
only 1 trade -- was out most of the afternoon..
Long 67.4K (out of 100K) shares on VLNC..
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Post by PoorHomey on Jan 20, 2011 19:56:15 GMT -5
No chicks? Where's the chicks? LOL!!! They're right there... A couple of pistol packin chicks Guarding your riches!!!   |
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Post by maxi on Jan 20, 2011 20:06:25 GMT -5
No chicks? Where's the chicks? LOL!!! They're right there... A couple of pistol packin chicks Guarding your riches!!! LOL LOL LOL! |
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Post by jack on Jan 21, 2011 11:10:40 GMT -5
No chicks? Where's the chicks? LOL!!! They're right there... A couple of pistol packin chicks Guarding your riches!!! Just caught it: THAT's funny as hell! Thanks PH!!! |
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