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Post by cosmic on Nov 8, 2010 16:09:46 GMT -5
It was down more when I looked earlier so I guess there are still buyers and good deals to be had. I strongly suggest everyone buy tons of BAC. No trades today. Hope everyone made money today and will do so tomorrow. Members please post your results along with your RDA of smileys.  |
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jn1520
Broker/Dealer
Posts: 719
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Post by jn1520 on Nov 8, 2010 16:18:45 GMT -5
Sold RDN for a nice gain, but pi$$ed because it could have been more if not for MerrillEdge having "system problems" today. In any event, I sold 1200 shares for approx. 10% gain ;D and moved into: AVNR - 1000 shares at 5.02 SOMX - 1445 shares at 3.42 ASTM - 900 shares at 3.33 SOHU - 218 shares at 80.00 Spring is coiled... For what it's worth: wish I realized PCLN was having earnings today...wasn't paying enough attention...Dang! Up 6% in AH. |
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Post by demanuel2001 on Nov 8, 2010 16:21:17 GMT -5
Well - I started well premarket - shorting some LVS and felt pretty good for the first minute after the open. That didnt last long and I dug myself a >$10k hole early. Scalped like crazy all day and pretty much filled the hole. After mutual funds report I think I'll be up $4k. Shorting LVS is NOT a habit of mine - but the price action has been so weird lately that I think it's time to do so until the stock pulls back a few bucks (famous last words)
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Post by papasloth on Nov 8, 2010 16:31:56 GMT -5
Sold some HGSI Nov 24 puts to add to my short put position. Looking for a positive FDA review on Nov. 12th, and FDA advisory panel on the 16th.
LDK released earnings after market close. I am short Nov. 13 Calls and Nov 11 and 14 puts. Peak earnings between 13 and 14, break even at 11.50 and 15.50. After earnings, LDK spiked up to 14.50 and is currently trading at 14.08. Looking good, so far...
Tomorrow, I have MBI earnings (I'm short Nov 13 puts). Then, on Wednesday, I have TGB earnings. Busy week for me!
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Post by sloop on Nov 8, 2010 16:34:42 GMT -5
back in the saddle again. a great day in the good ol'market. LOVE IT!!! LOVE IT!!!
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Post by maxi on Nov 8, 2010 16:37:53 GMT -5
As posted during trading hours bought HAL. Anybody into Uranium?
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Post by Rothschild on Nov 8, 2010 16:41:52 GMT -5
Made 1.5% on SPXU and exited my position. Bought a small amout of Fas @25.88s; hoping to flip it on any gap up Tuesday. Shorting feels so right because it is most likely so WRONG! Shorts should be on a one minute time frame; we are thus far getting rolling corrections at best  For all the talk about European debt issues, most everyone bought up IRE and DPK sold-off which is a good sign for the bulls There was something for both bulls and bears today so I know almost everyone here made good money today and I hope everyone will continue to do so ;D |
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Post by ask2lern on Nov 8, 2010 16:46:49 GMT -5
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Post by novice08 on Nov 8, 2010 16:48:42 GMT -5
Cos, are you serious about bac? No trades, holding. Hate beating the drum, but miners up again (pal, swc, slw, svm, anv, tlr. ) Also holding same 1/2 of lvs and dag...small alu down...core utilities down today.
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Post by brosin on Nov 8, 2010 16:51:20 GMT -5
Real LifeFFR was bearish to .18% and is now in "Get Your Parachutes On Watch" territory. That is 2 straight bearish moves, both following the market closing at new 52 wk highs. I find this quite significant and am on the lookout for further deterioration; .16% is the Deployment level on risk assets I see it. My 1/2 FAS was down - I mentioned today in Sloop's thread that my goal on the half I had sold $24.90 is to grab it back at $22.50/23. Monopoly World / real time entries tracked in the blog - fairly level day even though the market was red (I am short). [url=
spreadsheets.google.com/ccc?key=0Ah0555lud0TEdE5vaVh0bmFoWl9OcGtOVmRjUjFwYmc&authkey=COSk6LQE&hl=en#gid=0] Big Cap [/url][/b] was down slightly on the day, -.7% Sold 75% of my remaining CHK @ 22.59, 22.68, 22.72 for approx 1.6% on a very big position, down from a 4x long position to a normal 1x long Added to LVS short $51.95, 53.38, avg now $53.73 on 6.5x short position New short SLW @ $34.77 Now 92% short, 8% long  Scalp trades Acct - very good day here, +7.1% and new high (+62.4% overall) -Sold my FAZ held over the weekend @ $10.58 & 10.64 for 2.3% -day traded RIG (short) from $67.27 to $66.60 (1%) -day traded FAS $25.40 & $25.50 to $25.69 & $25.67 for .9% -bought FAZ $10.73, $10.70, $10.61, avg $10.66 unrealized -.4% / holding overnight Options Account - slightly down -1.6% on the day added to my SPY $124 Nov puts @ $2.32, 2.29, 2.19, 2.20, 2.07 Avg now $2.25 / unrealized -3.1%
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Post by Clinton SPX on Nov 8, 2010 17:00:46 GMT -5
Hey is it true no pomo for next 3 days?
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Post by brosin on Nov 8, 2010 17:03:35 GMT -5
With QEI & QEII in progress + standard TOMOs, it doesn't even matter. Every day is a "POMO" day in the sense you mean... actually that has been the case for the past 18 months.
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Post by timber on Nov 8, 2010 17:29:11 GMT -5
i really like bac too but short faz instead of buying financials now
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Post by ccash04 on Nov 8, 2010 17:34:24 GMT -5
Hey is it true no pomo for next 3 days? No, starts Wednesday. I believe its around $10 or so billion at 2 p.m. Front run aapl at 12:30. |
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Post by ccash04 on Nov 8, 2010 17:38:11 GMT -5
Sold X 49 calls bought at $0.06 in late October for $1.04. A pretty good day |
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Post by actuarynomore on Nov 8, 2010 19:25:15 GMT -5
My heart and soul is not where it s/b.
The uncertainty of the Market/Gubmint is making it hard to trade with any kind of confidence - Ended up buying 500 FAS at $26.15 and for now I'm happy but still concerned with my FAZ position.
That being said, I had to pull away from all your great posts today and focus my attention on saving a major portion of my retirement business - I do recordkeeping for some very complicated non-qualified deferred compensation plans (use discounted, ITM options written on mutual funds) and my business partner of 13 years made a mistake that has put 90% of my business at risk.
My clients love the work that I do but they hate the fact that my partner didn't rectify the mistake any sooner than he did.
Now I know how a lot of people are feeling who have lost jobs and wonder how they are going to make it - I fall asleep ok at night (because I am exhausted) but when I wake up in the morning (usually much earlier than I want to), it's really hard to fall back asleep.
As I think about my future, I try to envision making enough money trading and maybe that's why I am becoming exceedingly anxious about being so heavily invested from 1 perspective (short with FAZ now and have been on the other side with FAS before).
At least I have some assets to work with but for those that don't who are caught up in this housing morass - My heart goes out to them.
I gotta go but do look forward to catching up with you tomorrow - Yall make me smile in your own quirky ways - Dave
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Post by tajmahal9898 on Nov 8, 2010 19:32:16 GMT -5
no trades today.. like ask2, very very busy at work... good to see Sloop back in action..
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Post by popistoc on Nov 8, 2010 19:53:52 GMT -5
Bought 150 FAS at 25.85. Pretty boring indeed.
popistoc
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Post by clemsontygr on Nov 8, 2010 20:37:09 GMT -5
Anyone buying BAC should see a shrink .....
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Post by kbk3ck on Nov 8, 2010 21:09:16 GMT -5
One looong boring day. Still holding my 370 shares of TYH from Friday @ $43.88
Coulda sold for a $370 profit but just didnt see that much of a pull back coming before it goes way Higher. Oh, also got some calls on TYH too. Nov $46 strike for $.95
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Post by brosin on Nov 8, 2010 23:55:05 GMT -5
Anyone buying BAC should see a shrink ..... Interesting, I bought last week  |
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Post by kbk3ck on Nov 9, 2010 0:10:55 GMT -5
And how dose that make you feel Bros?
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Post by benvestor on Nov 9, 2010 0:19:46 GMT -5
thought about buying PCLN options.. saw they were bloated as heck last night.. wanted to do a OTM scalp but it did squat during reg hours.. nice movement after tho.. Figured we would open down today and run up a little, so i threw out a limit order on 3 Fas 29 calls.. yeah got those at the HOD of .38.. lol.. Should have set the limit a bit lower. Those are going to be my little lotto tickets.. ready with mostly cash.. eyeing AAPL options as the premiums are still fairly low and it might be making a run for it soon.. interesting times these  |
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Post by brosin on Nov 9, 2010 0:21:31 GMT -5
And how dose that make you feel Bros? ;D Kind of like it made me feel when people said BP was going belly up Couldn't care less - no offense to Clem of course. I'd say that to anyone lol |
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Post by kbk3ck on Nov 9, 2010 0:35:43 GMT -5
Hmmm. Did you feel the need to take up for BP?
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Post by brosin on Nov 9, 2010 0:39:11 GMT -5
No, I own BP from $30 - I'm saying that I ignored all the bankruptcy noise with that one because it just didn't make sense. BAC is the same
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Post by kbk3ck on Nov 9, 2010 0:43:16 GMT -5
I was just jacking with you. LOL. I got a bud of mine at work to buy some BP after it cratered. He is very happy now.
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Post by Clinton SPX on Nov 9, 2010 0:46:14 GMT -5
No, I own BP from $30 - I'm saying that I ignored all the bankruptcy noise with that one because it just didn't make sense. BAC is the same Bac is insolvent. BP has more money than brains |
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