Cosmic's MarketPlace Wrap - 11/18/2010

[brosin]

(Filling in for Cos)

The bears spent the last few days gorging themselves on bull meat; maybe they were preparing to go into hibernation?

We saw an explosion today based on ____ ? Your guess is as good as mine, but the FFR signaled the explosion was coming. Remember that it was a 2 day explosion, and not just a 1 day.

The $VIX got crushed, which makes me think complacency switched bi-polarly back to the bull side today. However, the $TICK shows a different story and does not suggest that this was any kind of blowoff move and that the gains should continue. AH earnings reports seem to support that logic as well. As CCash mentioned in the wrap today, the $VIX is subject to sharp moves when the market moves strong right at opex.


Hope everyone made some money today and will do so tomorrow. Regulars, please post your results along with your RDA of smileys!

[snapplemoney]

i dont think it was the ffr i think that move will be shown soon

[Rothschild]

Ire was up some 31% today and I got stopped out yesterday for a loss Gang, Ireland is in deep doo doo but that doesnt mean they will let this one go insolvent. Theyre getting a big injection of steroids soon from the ECB and it is gonna fly. This one is a slam dunk. Id wait until the 5 day flattens out a bit before entering though. No trades; too much going on at work

Hope everyone did great today; All the best gang!

[maxi]

All my stocks did either great or good.... EXCEPT something going on with ADBE. It closed RED!!! only 20 cents but red is red.
My accounts are back to being very pretty green again. Even tortoise XRX made a nice move to the upside. Back to green by a few bucks on ACI.
Green by a smidge even on TGB! lol...
URRE still not green but so close.
HAL was up 2 bucks or so.
JOEZ yeah up.but I have so little it really doesn't make a difference.
SVA seems stable for now up to 4.40 today...

[brosin]

I'm going to get this out of the way because after work, I will likely be gone for a couple hours.

GO bears!


Real Life

FFR was bearish to .20% - this is a chink in the armor of the bulls who have gained considerable strength this week, although the market finally followed through on that bank lending surge.

My FAS was nicely green, and so far, the entry on my 2nd half seems to have been a good one. Time will tell though.


Monopoly World / real time entries tracked in the blog

Big Cap - very strong day, +5.1% on the day (new high +45% since inception). My 95% long allocation helped ;D

Sells:
all DRN @ $49.50, $49.55, $48.80 for +8% from Tuesday - probably would've held but I typically do not play leveraged etfs in here
all SLW @ $34.36 for 10.3%
all RIG @ $68.70 for 5.2%
1/2 BIDU @ $108.75 for 4.8%

Added to:
short BKE @ $37.85
long CHK @ $22.21

New positions:
Short F @ $16.38
Short SLW @ $34.55
Long FSLR @ $122.30

Now 78% long, 20% short, 2% cash


Scalp Trades - good day, +5.6% to hit a new high; img686.imageshack.us/img686/4523/scalptradesasof1118.png

-sold my FAS for 3.7% @ $23.17
-bought those shares back @ $23.20, holding overnight (unrealized -.8%) along with RIMM (unrealized -.2%)


Options account - another great day here, +27.8% on a big time unloading day. Account now up +525% since inception. I become more and more stunned by the day..

Sold all my SPY $116 Nov and $118 Dec calls for 34.1% & 36% respectively

Date Opened Contracts Buy Price Sell Price Total Cost Proceeds Gain/Loss Gain Loss %
11/16/2010 SPY Dec $118 calls 200 $2.65 $3.67 $53000 $73400 $20,400.00 38.49%
11/16/2010 SPY Dec $118 calls 200 $2.71 $3.67 $54200 $73400 $19,200.00 35.42%
11/16/2010 SPY Dec $118 calls 200 $2.71 $3.73 $54200 $74600 $20,400.00 37.64%
11/16/2010 SPY Dec $118 calls 200 $2.83 $3.70 $56600 $74000 $17,400.00 30.74%
11/16/2010 SPY Dec $118 calls 200 $2.67 $3.68 $53400 $73600 $20,200.00 37.83%
11/16/2010 SPY Dec $118 calls 200 $2.59 $3.65 $51800 $73000 $21,200.00 40.93%
11/16/2010 SPY Nov $116 calls 150 $2.36 $3.55 $35400 $53250 $17,850.00 50.42%
11/16/2010 SPY Nov $116 calls 150 $2.72 $3.57 $40800 $53550 $12,750.00 31.25%
11/16/2010 SPY Nov $116 calls 150 $2.83 $3.57 $42450 $53550 $11,100.00 26.15%
11/16/2010 SPY Nov $116 calls 150 $2.67 $3.57 $40050 $53550 $13,500.00 33.71%
11/16/2010 SPY Nov $116 calls 150 $2.72 $3.57 $40800 $53550 $12,750.00 31.25%

Opened up an overnight spec play in the last couple hours of trading today:

Date Opened Contracts Buy Price Sell Price Total Cost
11/18/2010 SPY Nov $120 calls 250 $0.48 $12000
11/18/2010 SPY Nov $120 calls 250 $0.55 $13750
11/18/2010 SPY Nov $120 calls 250 $0.58 $14500
11/18/2010 SPY Nov $120 calls 250 $0.58 $14500
11/18/2010 SPY Nov $120 calls 250 $0.61 $15250
11/18/2010 SPY Nov $120 calls 250 $0.65 $16250
11/18/2010 SPY Nov $120 calls 250 $0.68 $17000


All in all, accounts were up a staggering +22.2% on the day

[gark]

I continue to hold my FAZ @ 11.42. I'll be the first to admit it if I am wrong but despite today I still see lower highs and lower lows for the next few months. That is the trend I plan to play but you won't see me clinging to that idea. If we start pushing higher I am back to cash.

If fact I think today almost supports that claim of lower highs..... but Friday and Monday will tell us a lot more. I am sad that next week is a short one.

I didn't say it on here because it was too much of a guess.... but I thought we were going to be red today by noon. Live, learn and move on.

There is a lot of government money still heating up the markets. Not sure how long it will last.

Brosin: Don't know the comedians name, but I like his joke... "Its ironic that one company produces all the Monopoly boards.''

Gark

[timber]

super duper day for me here.....i bet for big day today and got it

[demanuel2001]

Pretty much undid yesterday's $50K damage. Good chunk of it in LVS another chunk in (go figure) Japanese mutual funds and ETFs. Shame I had to liquidate so much yesterday - but the good news is I'm still here AND we now have weekly options in LVS!

[benvestor]

Silver moved impressively today.. but I was still sitting on Puts.. In my defense i did attempt to sell 1/3 yesterday at close.. didn't make the Bell tho.. live and learn, and drink it off hah

back to the ol' drawing board for me.. nice to see most did well today.. Brosin still on fire and Timber heating up

Gl for tomorrow

[exabi]

And did you contribute to the LVS weekly writes?

[demanuel2001]

Nov 18, 2010 19:47:38 GMT -5 exabi said:

And did you contribute to the LVS weekly writes?

I certainly did - played around writing weekly $47 puts and calls (more puts than calls)

[kbk3ck]

Irish thing shown to be a bunch of nuthen!! EUR going up and USD going down. China aint changing squat/still growing and still pinned to the USD. Holidays here!!! Call it the Perfect Storm!

[kbk3ck]

Oh, Im holding TYH and TNA overnight. My only 2 holdings.

[tajmahal9898]

wrote 200 CSCO weekly 20 calls for 6 cents for net $1,200 credit.

Basically, lowered the cost of 10K CSCO pps to 20.16 and 100 dec calls to 85 cents..

portfolio up by ~3K

[jn1520]

Got stopped out on my 820 shares of SVNT yesterday. Wasn't willing to wait around for long. Made about $25 - LOL (but a gain, is a gain). Was home taking care of my daughter yesterday and missed all the action - thankful I did because anything I would have been looking at dipped. Viewing this as an opportunity. We'll see what happens.

Also taking an unrealized hit with SOMX due to their offering. I'm long SOMX anyway, but it still sucks.

[timber]

thats two friggin offerings by somx.....I HATE THAT STOCK WITH A PASSION