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Post by cosmic on Jan 28, 2011 16:11:37 GMT -5
I overslept today as I was up late last night. I didn't even peak at the market until about 2:30, and just smiled when I saw the Dow down 150. Of course! This was an impulse from the looks of it, and it looks like "other continent sovereign worries" is once again the primary function equation. I don't want to have to pull that old equation out again.  Just watching the odd behavior in my FAS diagonal spread... no trades.  Fredo, your A VXLX is back to .08 think it'll run again? Doesn't look good.  Hope everyone made some money today and will do so on Monday. Members, please post your results along with your RDA of smileys!  |
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Post by tajmahal9898 on Jan 28, 2011 16:19:04 GMT -5
was a good day to be short, though my stock MU didn't move much (% wise)
closed short SOXL position, 600 shares (not 600K) for ~1,000 realized profit
covered 40K MU shares at 10.38
shorted 40K again at 9.46
holding 80K short MU position b/e 10.22
At one time my MU position was green, didn't close the position - missed the trigger by 2 cents.. LOD was 10.17; b/e price was 10.17, had trigger at 10.15 with trailing stop of 2 cents.
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Post by Clinton SPX on Jan 28, 2011 16:26:33 GMT -5
Bought some BCON
It closed green on a shit day that makes me hopeful.
Silver miner boat left the dock w/o me. *sigh*
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Post by benvestor on Jan 28, 2011 16:41:02 GMT -5
crapped my pants.. thats about it.. Couldnt keep my head straight  Sold LVS calls for even money near close. Need some powder for Mon Sold SPY puts hedge for small gain Bought 3 feb spy 160 puts for any contiued down pressure Holding a goog 320 call that has been cut in half. Should have work up early. I had planned on selling out if we started to drop and reposition later..I am very bad at setting stops.. it didnt even gap down for such a bad day so stops would have worked great.. ugg This could still be BTFD, mon and tues will let us know.  Just starting classes and moving and wife is 9 mths pregnaunt so sorry if Ive been a little off lately.. i cant seem to find my grove and I am stressed a bit   |
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Post by Rich on Jan 28, 2011 17:33:03 GMT -5
I dumped those DIA puts when the dow hit -160.
no other trades.
but if I did, it would be short.
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Post by demanuel2001 on Jan 28, 2011 17:36:13 GMT -5
Well, what do ya know. After 4 days where I basically make enough to pay for my pimpmobile except for taxes and guess what. While I'm battling the markets someone comes along and takes all the hubcaps, the 700 watt sound system and the engine. Painful day, tried an LVS scalp and got burnt on the second one. Wrote some one day options but otherwise watched the carnage all across my portfolio. Down 2% on the portfolio today up 3% for the year.
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Post by PoorHomey on Jan 28, 2011 18:00:18 GMT -5
Whoever coined the phrase "2 out of 3 aint bad..." Should include some fine print explaining that it doesn't hold true if loss #3 was greater than gain #1 and #2.  This week was an outright catastrophe on a number of levels.  I was within scratching distance of the "halfway mark" on my long term savings goal. (top line in this chart) Funeral expenses for my truck + the hurried purchase of a new POS replacement will likely set me back a few months.. Hopefully the jumbo bearish engulfing bar it'll paint won't lead to a "k__ __v_s_l"   |
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Post by exabi on Jan 28, 2011 19:01:34 GMT -5
Bought some F JAN 2013 17.5 Calls, a little too early in the day as it turns out, but I have a little time on my side. My PCX buy from yesterday (again, a little early) is slightly green today. Not sure about holding thru earnings on Tues....will see what Monday brings.
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steel
Futures Trader
5th Place - Road to Opex 4
Posts: 370
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Post by steel on Jan 28, 2011 19:06:08 GMT -5
crapped my pants.. thats about it.. Couldnt keep my head straight Sold LVS calls for even money near close. Need some powder for Mon Sold SPY puts hedge for small gain Bought 3 feb spy 160 puts for any contiued down pressure Holding a goog 320 call that has been cut in half. Should have work up early. I had planned on selling out if we started to drop and reposition later..I am very bad at setting stops.. it didnt even gap down for such a bad day so stops would have worked great.. ugg This could still be BTFD, mon and tues will let us know. Just starting classes and moving and wife is 9 mths pregnaunt so sorry if Ive been a little off lately.. i cant seem to find my grove and I am stressed a bit Congratulations on the new arrival to be, My baby girl just turned 8. |
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Post by jack on Jan 28, 2011 19:22:56 GMT -5
EXALT to benvestor for repopulating the Earth!
lol!!!
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Post by tajmahal9898 on Jan 28, 2011 19:32:19 GMT -5
BTW, forgot to mention this. As some of you might remember i bought a ton of C Jan 11, Feb 11 , Jan 12 and Feb 12 Leaps around 18 months ago in my other account. My Jan 11 calls automatically got exercised last week as they were in the money.. Looking forward to the Feb 11 calls..
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Post by benvestor on Jan 28, 2011 20:04:20 GMT -5
so you got the shares pretty cheap then eh?
and why is the wrap 2010?
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Post by kbk3ck on Jan 28, 2011 21:22:21 GMT -5
Waited as long as i could and finaly pulled the trigger on 280 shares of TNA @ $70.61
Now down a dollar at $69.60 Grrrrrr!!
Holding thru the weekend.
Condolences to Poor and congrats to Ben.
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Post by ppppp3571113 on Jan 29, 2011 0:25:08 GMT -5
Order for TNA at 68.5. Unfilled, again. but... hey! getting closer?
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Post by kbk3ck on Jan 30, 2011 7:50:18 GMT -5
Maybe you will get it on a gap down monday P5. With my luck it will drop down and take out my trailing stop and go on down and buy u in and then head back to $80 without me:(
But my bud P5 will be riding it up and making a killing so that will be good too.
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Post by timber on Jan 30, 2011 9:05:43 GMT -5
i only play pennies once cos and only on the first day they are pumped
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Post by brosin on Jan 30, 2011 14:38:12 GMT -5
FFR was level at .17% and remains in 'get your parachutes on watch' territory - this will be one of the things I will watch closest so as to see how intrabank lending is immediately responding to the situation in the Middle East. It has been very weak for the last couple months of equity market strength, and now it will be interesting to see if it continues to grow weaker and whether the equity market would finally begin to confirm it. My FAZ unlost some - I'm hoping to see it move above my $9.02 avg very quickly next week since the hold period on this has been far longer than I had wanted or anticipated when I started the position on 12/23/10. monopoly world Big Cap - eclipsed my best day ever in here by a few $K, finishing the day +7.9% / +$176K, only a couple moves Shorts: SLW @ $30.80 (at the time I hadn't read the memo about the fear trade being back on) (add) NFLX @ $209.35, $211.30 Sells: (1/3) TZA @ $15.61 / +2.9% on that batch, still holding 3x "long" position avg $15.18 unrealized +4.3% I remain 0% long, 100% short scalp trades - no moves, acct +6.6% on the day... maybe FAZ will start coming back to an area where I could sell it at a decent price (even at a loss) All in all, accounts were +7.1% on the day |
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