Cosmic's MarketPlace Wrap - 11/30/2010

[cosmic]

Saw a lot of the morning action but not the afternoon.

Added a few CSCO Jan calls but no other trades. I have a feeling I'll lose on these so I won't be adding again. That's 3 buys and the stock is pinned. Feels like more bad investment. They'll keep it pinned wherever it needs to to make most of the option holders wrong.

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

[Rich]

lvs was disappointing although still holding 50. I'm still holding those calls.....as they erode

Made an excellent trade on spy weekly calls.

kinda mixed day for me.

[Rothschild]

Im only holding IRE in my trading account at this time and predictably it sold off some; not too worried about it. The key for me is for the market to hold 11 75-76, we break that level and the bots will contract the money supply and we go lower; possibly to Meat Pop's 1135 level.

Hope everyone had a wonderful trading day; all the best gang! ;D

[novice08]

mixed day for me, too--gold and silver up so miners did well, but everything else was negative...got out of swc due to a Russian mining co. selling its 51% stake.

[tajmahal9898]

one round trip of silly MCOX.. it was down 40%, got in a 8.5, got stopped out at 8.25 for 25 cents or 5K loss..

CSCO keeps going down.. only good news is that covered calls should expire worthless.. 3 more opex sessions to go.. keeping my fingers crossed..

[demanuel2001]

Did some nice scalps this morning. Fell asleep in the afternoon waiting for something to happen. Thanks to various bits of junk in my portfolio I ended down almost 1%. Ah well, I've had better months.

[brosin]

Real Life

FFR was level at .20% - it has shown complete indifference to the Korean and European continent troubles, which to me is the major thing to be concerned with. I guess I'll see if it has anything bearish to say tomorrow about the BAC "leak"

My FAS was red


Monopoly World

Big Cap - took it on the chin by the tune of -5.5% today thanks to BAC, CHK, SOL, MS, IRE (that's a long list today ) - a few moves although my allocation remains mainly the same, more shifting than anything else

Sells:
all SIRI $1.39 / +2.2%
all RIMM $62.56 / +11% (one of my top 5 biggest gains since inception)
all FSLR $123.10 / +.7%

Buys/Adds:
IRE $1.70 to make it a 2.5x long position avg $1.68 (unrealized +2.7%)
BAC $11.03 to make it a 8x long position avg $11.49 (unrealized -4.7%)
SOL $8.23 to make it a 3x long position avg $8.80 (unrealized -6.4% I avoided pretty big losses here by taking gains on it last week luckily )


Allocation is 70% long, 31% short, -1% cash (small margin call overnight)



scalp trades - i sort of fixed the glitch to the Google portfolio, but it was more of a workaround; either way, we have movement here!! 2 moves, account +1.5% on the day thanks to the very strong RIMM move:

sold my RIMM $61.80 for +7.8% (my biggest gain in this account by a good amount)
bought CHK $21.47, holding overnight (-1.6% unrealized)

Still holding FAS for -7.8% unrealized loss right now (OUCH) - would be biggest loss but I will just wait



Options account - I was hoping for a gap down so I could grab some closer to the money weekly SPY calls today (traded the $116s yesterday), and I sure got it! Acct was +1.5% on the day

Went to the SPY $117 weekly calls - Bought @ $1.79, $1.80, $1.81, $1.85, $1.80, $1.76, then sold half of all that $2.26 & $2.30 for avg 26.7% on that half

Then I bought back that same half (and an additional 200 contracts) @ $2.15, $2.10, $2.25, $2.23

Holding overnight, avg $2.02 / breakeven. I moved $500K out of this account at the close as it is up 563% since inception - I will have to do monthly totals, but it was QUITE a month in there (>300% I think)


All in all, accounts -2.7% on the day

[jack]

Cracked a few jokes...no trades executed, but somehow up $29-30K in unrealized gains (mostly due to CNL).

Wha-hooooo!

[actuarynomore]

Way to go Jack - You and your CNL reminds me of one of the best Harrison Ford movies ever - "Regarding Henry" and in particular a line he said when he and his physical therapist were passing a good looking nurse in the hallway - I gotta get me soma that - Congrats my friend!!!

Well, I decided to sell 1,000 FAZ PM for a $589 profit and held my remaining 1,000 FAZ looking for a pop to $13+ but it wasn't to be.

I ended up with a total monthly profit trading FAS/FAZ of $9,500 ($452 per trading day) versus $6,700 generated during the month of October.

I could have made more in November if I had been more disciplined and not feared that the market was gonna runaway from me on November 8 and I ended up buying back in to FAS way too early - Patience is so important.

Currently holding 4,500 FAS (too red for my liking) and 1,000 FAZ (nicely green) - Just have to wait and see how this market plays out.

Had a great birthday dinner with my lady friend, my oldest daughter and 2 grandkids and then me and my lady went out for cocktails with good friends and now going to bed to watch Two And A Half Men reruns and my final birthday present.

Hope everyone is enjoying life to its fullest and look forward to seeing yall tomorrow - Dave