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Post by cosmic on Oct 21, 2010 15:04:55 GMT -5
Interesting action. Ever since we hit that 1185+ area we've struggled to hold it, and the market is definitely indecisive. Today a gain was eeked out however a lot of things on my watchlists were red. So it's a coin flip if it's consolidation or topping.  I considered adding to my BAC calls as I'm only in 1/2 position, but since BAC continues to disappoint, I will be holding off on adding. At this point my goal will be breakeven. They are Nov 10's, so they are ITM and not subject to significant TP decay.  No trades.  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 jack on Oct 21, 2010 15:09:49 GMT -5
Sold my FNSR held in the trading acct for a 70% gain (that's the one I used for the 3rd Opex contest & got lucky with!)
lol!!!
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Post by deadmoney95 on Oct 21, 2010 15:21:38 GMT -5
Congrats, Jack. Well traded!
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Post by ask2lern on Oct 21, 2010 15:26:04 GMT -5
Seemed real OPEX like to me.......I thinks its the weeklies.........on stocktwits someone said they are testing the bull algos ..............I did a few successful SPY option trades posted in the PPDT and holding SPY 121 NOV PUTS o/n because the 118.14 I had posted as a key level that need to be breached if we were going higher into the close(only applies to today's action) and it failed to get a close above on the 5 minute in the last 30 minutes and the $rut did not go green...............did add 3K shares SH at $46.81 and still holding SDS and my beloved AIB ;D.......................Exalt for Cos(have to get it later but I am good for it)......................Live to trade another day.....................GLTA  PS. NICE JOB JACK!!!!!!!!!!!!!!!!!! |
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Post by sp7015 on Oct 21, 2010 15:32:10 GMT -5
Well I will admit I was wrong about CRUS. I really expected the stock to go to $19 after earnings. I do have to say that I believe today's decline is overblown.
I was heavily weighted in CRUS with stock and options. Today's 15.68% loss in stock price hurt. Portfolio down 21% do mainly to CRUS.
Attempted my usual aapl weekly trade. Bought $300 calls at $8.50. I ended up exiting the trade at $8.65 because I didn't like the action on the stock and the fact that the stock was higher than when I bought the options and they were about the same. Well as luck goes I sold too soon and missed out on the pop at EOD. That was a 11% gain I missed.
Sold my CRUS $17 nov Calls for a 86% loss. I am still holding my $15 Nov calls hoping I will be able to salvage them.
Will do some soul searching tonight and figure out if I am going to hold CRUS or dump it in my Roth, kids coverdell accounts, and trading account.
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Post by Rothschild on Oct 21, 2010 15:32:38 GMT -5
Wow....There was something for everyone today so I hope bulls and bears made a bundle today. Bennie got another POMO scheduled for friday. Wonder why these keep falling on friday??? Do they want the consumers to consume on weekends??? Well this rolling correction was all done inside a bull channel so I decided to buy just a little of Fas for friday.
Gang, I am confident most everyone here made money today and I hope everyone will continue to do so in perpetuity.
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Post by cosmic on Oct 21, 2010 15:34:33 GMT -5
I wish derothschild. I'm down on my BAC calls I picked up, perhaps I'm wrong to pick that particular bank for this play (small position of Nov 10 calls), and I had several other reds in my LT accounts which I don't generally track here.
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Post by actuarynomore on Oct 21, 2010 15:38:40 GMT -5
Continued FAS/FAZ trading (If it's not broke...)
In AM:
- Sold 1,000 FAS at $23.10 (AP at $22.04)
- Bought 500 FAZ at $12.05
In PM:
- Bought 1,000 FAS back (AP at $22.4259
Now holding both FAS/FAZ and will sell/average down depending on where market takes us.
Can't believe I bought another 1,000 MVIS shares at $1.98 - Hoping for a pop soon.
Thanks for a most engaging day and can't wait to rub elbows tomorrow - Dave
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Post by brosin on Oct 21, 2010 15:58:36 GMT -5
Real LifeFFR was level at .19% and remains in the "all clear" area for the bulls. My FAS was a little red, GS calls bought yesterday decaying nicely ;D Monopoly World tracked in blog saw a mixed day Big Cap took a big hit of -5.8% thanks to CRUS... that's ok as I had opened up a big lead over the market; still have a 11.2% lead since inception (+17.8% overall) -bought more CRUS $14.10 and $13.68, now a 3x long position avg 14.51 - sold my FAS @ $23.20 for 5.5% -bought more BAC @ $11.40, now a 7x long position avg $11.93 -sold remaining WFC (was still a 2.5x long position @ $26.08 for 8% - was a very good trade) Scalp Trades, fairly light day, +2% -Sold 75% of my FAS $23 & $23.30 for +1.7%, holding rest unrealized -.7% - bought CHK @ $22.12, holding unrealized -.8% Options Account - good day here, +12% on only one day trade -bought SPY $116 weekly calls for .79 on the spill to 1170 -sold them $1.02 & 1.26 for total of 46% All in all, accounts down 2.2% today
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Post by kbk3ck on Oct 21, 2010 16:27:52 GMT -5
Sat here and made money. Sat here and lost those gains and some. Sat here and ended up where I was yesterday. My butt is tired.
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jn1520
Broker/Dealer
Posts: 719
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Post by jn1520 on Oct 21, 2010 17:23:46 GMT -5
Feeling good...Held my 330 shares of BIDU into earnings  |
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Post by exabi on Oct 21, 2010 17:47:20 GMT -5
No trades, still holding my AA NOV 13 Puts and AAPL DEC 320 Calls. One of these days, I'll get to the AB* symbols, but their are several more AA* symbols - AAN, AAP, AAV, AAU.
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Post by jack on Oct 21, 2010 17:59:23 GMT -5
Sold my FNSR held in the trading acct for a 70% gain (that's the one I used for the 3rd Opex contest & got lucky with!) lol!!! I now see that twelve (12) of y'all "liked it"...thanks for the positive reinforcement. I'm planning on buying back if and when a few pts lower - the need for FNSR's equipment w/ all this streaming data and NFLX's DVDs going on will only increase no matter what some DA analyst said a few days ago imo. Thanks again - you guys and gals "are something else" (in a good way that is)! lol! |
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Post by popistoc on Oct 21, 2010 18:19:35 GMT -5
Sold BIDU I got ystdy and scalped BIDU 105 weeklies for modest gains. Little by little, like Timber says, it all adds up. Bought 350 TNA at 51.71 at eod.
Debated to play or not BIDU through earnings and chickened out last minute. Just not enough coin to play with. I would have bet it goes up 8% and, for me, it's naked calls or nothing so, my fear was sideways (too much) action.
GLTA,
popistoc
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Post by timber on Oct 21, 2010 18:35:01 GMT -5
sold my bidu shares afterhours at 104.55
traded bidu calls and snp puts agian today
holding scams short still.....and about 5 bags for now ;D
oh silver short starting to work real well
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Post by tajmahal9898 on Oct 21, 2010 21:57:37 GMT -5
closed bidu position by mistake .. fat finger..
no other trade..
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Post by benvestor on Oct 21, 2010 22:19:31 GMT -5
Im still reeling from the AAPL greed disastear.. sold all cals with big loss yesterday.. but if def could have been worse!
going to make some money tomorrow.. gotta go with the slow grind scalps no more holding overnight for a while
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