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Post by cosmic on Jan 26, 2011 16:15:26 GMT -5
Pretty much blah day - a lot of things just whiffled around causing option decay on both sides. I would consider that a muted response to the SOTU address last night, and Wall Street will now 'search' for pricing. I have no idea which way it will go at the index level (up?) but I'd be careful around the high flyers.  No trades today although I eyed some FAS calls... maybe tomorrow.  Hope everyone made some money today and will do so tomorrow. Members, please post your resuls along with your RDA of smileys!  |
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Post by demanuel2001 on Jan 26, 2011 16:22:12 GMT -5
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Post by tajmahal9898 on Jan 26, 2011 16:28:15 GMT -5
unlost MU paper loss. AH action looks good.
Shorted 600K shares of SOXL at 61.55
Was tempted to go long on CHGS at 2.75 but stayed way due to naked MU position and potential need to average down..
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Post by papasloth on Jan 26, 2011 16:39:00 GMT -5
Shorted 600K shares of SOXL at 61.55 You have a 37 million dollar short on SOXL? I'm thinking typo  |
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Post by brosin on Jan 26, 2011 16:41:54 GMT -5
or it could always be a monopoly position like one of mine!!
(i think taj's thread earlier had said 600 sh)
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Post by jack on Jan 26, 2011 16:44:45 GMT -5
Shorted 600K shares of SOXL at 61.55 You have a 37 million dollar short on SOXL? I'm thinking typo Taj doesn't fook around. ;D |
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Post by tajmahal9898 on Jan 26, 2011 17:03:28 GMT -5
only 600 shares.. not 600K
Bad habit of putting K towards the end of the share count is hard to go by.. I don't even have to even type it, it types by itself..
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Post by Rich on Jan 26, 2011 17:22:19 GMT -5
I shorted the DJI. it must fall  |
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Post by papasloth on Jan 26, 2011 17:36:39 GMT -5
I just like typing 37 million dollars. It's aspirational  |
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Post by exabi on Jan 26, 2011 19:06:43 GMT -5
Sold PCX for a scoach gain (2%), was down about 11%....was locked in on the covered call (JAN exp) and could not sell on the rise to 27.xx. Had to step out for a while this afternoon, and set trailing stop once I was back in the green, and it got hit.
PCX looks like it is in a cup and handle...coming off the handle, but I don't have enough confidence in it to trade it as such.
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Post by brosin on Jan 26, 2011 21:06:23 GMT -5
FFR was bearish to .17% from .18% and remains volatile but in 'get your parachutes ready' territory My FAZ was level Monopoly World / tracked in blog Big Cap - very active day, mainly rotational but did sell all the longs I had bought yesterday - overall was a down day by -2.5% Sells: (all) PAL @ $6.73 / +3% on a standard 1x long position (oops #1) (all) SLW @ $29.60 & $29.63 / +1% on 3x long position (oops #2) (all) GOLD @ $76.60 on 1x long position (oops #3)  Buys: (to cover all) CMG @ $217.75 / +1.4% on 1x short position (add) TZA @ $15.13 & $14.92, now 4.5x "long" avg $15.10 unrealized -1.9% (to cover all remaining) BAC @ $13.68, $13.70, & $13.68 / +1% on the 4x short position I still had (to cover all remaining) NFLX @ $183.10 & $182.35 on 3x short position Shorts: (add) LVS @ $46.14 now 7x short position avg $46.65 unrealized +1.3% (add) STEC @ $21.70 now 3x short position avg $20.90 unrealized -3.4% (add) AAPL @ $344.20 now 6.5x short position avg $334.38 unrealized -2.8% (add) MU @ $10 now 2x short position avg $9.99 unrealized +.4% (add) CLF @ $85.65, 86.84, & $87.55 now 8.5x short position avg $84.10 unrealized -4.3% S @ $4.48 PCX @ $25.53 & $25.38 I am 0% long, 100% short   scalp trades acct - no moves, still holding FAZ which was even today all in all, accts were -1.9% on the day |
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Post by kbk3ck on Jan 26, 2011 23:23:05 GMT -5
I made 6.8% on ERX today and 2.78% on SOXL too. Little over 155 shares of both.
Have a $2.75 Trailer on each.
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a wheel on my pimpmobile 
is moving up right now - slow and steady wins the race - dividend yield is 4.9% 
- that's better than long-term bonds!!! Up almost 2% today - up almost 4.5% YTD.
