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Post by brosin on Oct 26, 2010 15:38:58 GMT -5
(Filling in for Cos) This is the "Whiffle Edition" (remember back in the YMB days when we had a Marketplace Wrap - ____ Edition?) ;D "And it went... nowhere." The $VIX was elevated for the 2nd straight day in a green market (or, in today's case, a much less red market than it was at the open). This is the type of divergence one should be looking for in a topping process. The spx was green for the 5th day in a row, although only one of those days was more than a very baby bullish move; this suggests that despite much selling into the rally, there is too much upward pricing pressure to drop too low. 'Up we go' continues to hold as we continue to grind higher. Bulls and bears alike are being dragged into the market; the question is when they are all finally in. As much as we have gone up, I still don't think we are very close to that point.  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 popistoc on Oct 26, 2010 15:40:25 GMT -5
Got out of TNA even.
Bought 2 175 NFLX weekly puts at 3.10, losing on them.
GLTA,
popistoc
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Post by cosmic on Oct 26, 2010 15:41:58 GMT -5
Oh my, I just came to do this lol...
No trades today. ;D
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Post by brosin on Oct 26, 2010 15:42:50 GMT -5
Oh my, I just came to do this lol... No trades today. ;D Oops - yesterday I gave you 45 minutes. Today I started shaking at 30 minutes. ;D Should I make it a 45 min rule?  |
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Post by cosmic on Oct 26, 2010 15:43:15 GMT -5
maybe
I mean what if I have an emergency nap or something?
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Post by brosin on Oct 26, 2010 15:44:51 GMT -5
maybe I mean what if I have an emergency nap or something? The question is, does a klaxon alert sound in the case that there is a slumber emergency? |
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Post by cosmic on Oct 26, 2010 15:49:09 GMT -5
It does, but I'm not sure you'll hear it.
Klaxon's are mostly imaginary these days
mwahahahahaha
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Post by Clinton SPX on Oct 26, 2010 15:59:04 GMT -5
sold the last of my IWM
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Post by timber on Oct 26, 2010 16:20:04 GMT -5
four bidu call trades......shorted vvus and covered my ung short for now....ill short it again sooon it looks like it might pop
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Post by papasloth on Oct 26, 2010 16:23:03 GMT -5
Did some housecleaning/risk management.
HGSI Nov 32 Call, naked short at 2.95/share, bought to close at 0.80/share, net $2.15 profit. HGSI has really high implied volatility leading up to their FDA advisory panel on Benlysta on Nov. 16th. I think I could have held these safely until Nov. 10th or so, or even till expiration after the panel. Benlysta is almost certain to be approved, and I think most of that is built in to the price at this point (26-27), so I don't see the 32 calls finishing in the money. But, I've squeezed 2/3rd of the value out of these so far, and don't really feel like risking the last 1/3rd. Still short HGSI Nov 25 Puts, though, which I'm currently up $0.31/share on.
SVNT Nov 23 Call - naked short at 1.10, bought to close today at .04 for a net of $1.06/share. These are essentially dead now with SVNT trading at $11.60, so this is house cleaning.
SVNT Nov 25 Call - naked short at 1.46, bought to close today at .02 for a net of $1.44/share. House cleaning.
Also increased my SVNT position yesterday and today
Bought long at $11.39, bringing my average price to $17.19. Currently down $5.60/share (ouchie)
SVNT Dec 12 Put - naked short at $1.48/share. Currently down around $0.18/share
SVNT Nov 11 Put - naked short at $0.40/share. Currently down around $0.12/share
I'm hoping SVNT rallies enough next week that I can start selling some calls against it. Right now, the Nov 16 Calls are trading between 0.07-0.12, and I'm hoping I can do better.
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Post by Rothschild on Oct 26, 2010 16:58:15 GMT -5
Booked gains on my 3x etf shorts plays and made 3% today. I thought about going long but changed my mind. Everything appears to look bullish although it could be bennies Pomos at work. Bought a lil of Fas before the close and Ive kept 80% of the powder dry. Hope everyone made money today and will do so tomorrow.  |
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Post by actuarynomore on Oct 26, 2010 17:23:06 GMT -5
Wow - Did I get faked out at the open - I had my mind set on a Bear which is how it came out of the gate starting with PM and while I was close to pulling the trigger to buy(sell) FAS(FAZ) in the first 5 minutes, my brain so no, holdout, you can do better and I ended up sitting on the bench, no trades but watching the Bidu guys dominating the playing field - Way to go guys - See you in the am - Dave
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Post by Rich on Oct 26, 2010 17:24:19 GMT -5
Thanks to Timber, I made my best trade since the GS tragedy.
bidu
bidu
bidu
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Post by actuarynomore on Oct 26, 2010 17:28:43 GMT -5
As Jack would ask - Where is Jack? |
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Post by exabi on Oct 26, 2010 18:05:34 GMT -5
No trades today....got beat up a little on semi-long term play on CIM, but still above my purchase price, and a healthy amount above my basis adjusted for the divvy.
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Post by brosin on Oct 26, 2010 18:29:28 GMT -5
It does, but I'm not sure you'll hear it. Klaxon's are mostly imaginary these days mwahahahahaha speaking of, anybody been to the YMB lately? i went yesterday for the first time in a long time - with my iggy filter turned off, it was a $hit storm the likes of which I've never seen name/gapper must get pd by the post or he is one sick muppet |
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Post by kbk3ck on Oct 26, 2010 18:47:13 GMT -5
Did Tef ever show up around here?
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Post by exabi on Oct 26, 2010 18:54:16 GMT -5
It does, but I'm not sure you'll hear it. Klaxon's are mostly imaginary these days mwahahahahaha speaking of, anybody been to the YMB lately? i went yesterday for the first time in a long time - with my iggy filter turned off, it was a $hit storm the likes of which I've never seen name/gapper must get pd by the post or he is one sick muppet I put a couple of the names and gappers on iggy to see if there was any intelligent life to be found, looks like a few more need to be iggy'd. Hamm posts over there occasionally, other than that, it is a wasteland. Have not seen T3F their either. |
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Post by cosmic on Oct 26, 2010 19:08:39 GMT -5
I swing by on occasion to drop some breadcrumbs in case some are still looking. Fastopians are well recognized across all YMB lands and people still look for us. but nothing beats here and all of you. some mention the separation of topics between tradetalk and everything else but I still think it's the best. we have the institute, and all of the best from YMB. THEY were the ones that said in 3-6 months Fastopia would be gone. funny how the opposite is true. Carry on, Fastopia. |
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Post by birthmark on Oct 26, 2010 19:10:53 GMT -5
Last time I went over (which was awhile ago), I thought it would be "fun."
Man was I wrong. It was just sad and depressing.
Finding anyone intelligent over there (I'm sure there are some) is like finding a needle in a haystack.
Like a Hydrogen bomb went off there and these are the life-forms that are left.
I don't think the Gapper/name can be neutralized. They are impervious to everything!!
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Post by exabi on Oct 26, 2010 19:15:56 GMT -5
Last time I went over (which was awhile ago), I thought it would be "fun." Man was I wrong. It was just sad and depressing. Finding anyone intelligent over there (I'm sure there are some) is like finding a needle in a haystack. Like a Hydrogen bomb went off there and these are the life-forms that are left. I don't think the Gapper/name can be neutralized. They are impervious to everything!! Be sure and take kitty food when you venture there ;D |
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Post by Cosmic on Oct 26, 2010 19:18:30 GMT -5
lolol
Birthmark, you may have missed the days where we called it District 9.
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Post by timber on Oct 26, 2010 19:21:25 GMT -5
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Post by birthmark on Oct 26, 2010 19:25:22 GMT -5
I rest my case Timber.
Your witness.
I usually leave there shaking my head. A small part of me wonders just what in God's name makes Gapper tick?!?!
I mean, really.
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Post by exabi on Oct 26, 2010 19:26:34 GMT -5
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Post by timber on Oct 26, 2010 19:35:23 GMT -5
name has a crush on tef ;D
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Post by timber on Oct 26, 2010 19:39:45 GMT -5
name and tef enjoying the day in central park ;D  |
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Post by actuarynomore on Oct 26, 2010 19:50:23 GMT -5
name and tef enjoying the day in central park ;D - I think not!!! |
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Post by brosin on Oct 26, 2010 19:51:00 GMT -5
LOL
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Post by clearwaters on Oct 26, 2010 19:51:24 GMT -5
"Click Image To View Full Size" - I think not!!!
RFLMAO! That is a big mama! Makes me want to put down the doughnut and step away!
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