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Post by papasloth on Dec 1, 2010 17:22:16 GMT -5
Brosin and Cosmic both seem to be away, so I'll start the thread up... Nice green day today. Hope everyone was long or nicely hedged and made lots of Christmas cash. Members please post your results along with your RDA of smileys.  |
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Post by Rich on Dec 1, 2010 17:26:19 GMT -5
Well, no one expected it. Everything pointed down. The contrarians won the day. I did notice 1208 was not pierced. But we have new support at 1200, now lets see if we can hold it. I made gobs of cash on LVS. Then I gave some back trying to be cute. Still up for the day  |
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Post by brosin on Dec 1, 2010 17:26:40 GMT -5
thanks papa!! i am scrambling here this afternoon, so didn't have time to start it but kept checking to see if cos had signed in. catch up with you guys a little later
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Post by jack on Dec 1, 2010 17:27:41 GMT -5
7-8% unrealized gain on FNSR's beat & raise quarterly results mitigated but only marginally by CNL's <1% unrealized dip.
Since none of this has been realized its all very...unaccountable.
LOL!!!
;D
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Post by papasloth on Dec 1, 2010 17:28:52 GMT -5
Well, no one expected it. You're too modest: you called for a big bull yourself in the Wednesday Dec 1 Bull/Bear Poll. Good job! |
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Post by Rich on Dec 1, 2010 17:32:47 GMT -5
I may have said big bull but I didn't really believe it  For those that called for the bull, and there were a few, congrats! |
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Post by papasloth on Dec 1, 2010 17:36:11 GMT -5
No trades for me today. Yesterday, I got pummeled by the selloff and added some naked short LDK Dec. 10 puts. Today was a moderately good day for me, and I made back half of what I lost yesterday on paper. I'm mostly long SVNT, HGSI, and LDK right now and all posted modest gains (not as much as a full recovery from yesterday, but I'll take it as a win anyway).
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Post by demanuel2001 on Dec 1, 2010 18:08:48 GMT -5
Nice day today - up over 2% on the portfolio. Only did one LVS scalp and bought back some low strike Dec puts and sold some new Dec $55 puts. Made most of the money in LVS, BPZ and Japanese mutual fund. Bought some more BPZ - sensing a wave coming. Bought some more APWR hoping the dead cat can bounce.
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Post by Rothschild on Dec 1, 2010 18:10:29 GMT -5
Man that rally took me by surprise! Didnt do any buying and I only have Ire in my trading account. Semiconductors were on fire today and I missed it. They are holding 1176 with both fists and the rally from 1010 is still alive. Remember though the other trendline? the one from 1040? now if we add the magical number 166 to that we get the ubiqitious number of 1206!!!!!!!!!!!! I mustve mentioned this number ad infinitum and here it is again. if we can bust through this number, I am convinced we can see 1342-1372. From that point, it would be prudent to sell everything, buy up all the non-perishable food you can, and leave the stock market. You could also sell short Hope everyone made a fortune today like Jacob Schiff and will continue to do so ;D |
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Post by sloop on Dec 1, 2010 18:15:22 GMT -5
bought BAC yesterday and gave an 11.20 price target on it I also bought PHM a new home builder it was up nice today also.. NOW my BBY was down im down 11K on it but retail numbers come out in the AM I really love BBY.
I use to work as a maintenance guy at Nicholas school after Real estate went south,...They called me yesterday because I was the only member of the team that would play with the main circuit board
being an electrician briefly I'm not afraid so They called me to do some work today, thats why I wasn't around. AND as you can see I'm still alive....LOL!!
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Post by exabi on Dec 1, 2010 18:19:33 GMT -5
Nice unrealized up day - still holding PCX swing, picked up some CLD unexpectedly on the big unexpected drop...down a bit on that one
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Post by actuarynomore on Dec 1, 2010 19:25:10 GMT -5
Start of a new month doing my FAS/FAZ dance saw me getting closer to being able to sell FAS for a profit - Not quite there - I did buy back 2,500 FAZ that I sold over the last few days.
So, considering my desired goal of at least $500 trading profit per trading day, after day 1, I am down $535 and currently holding 4,500 FAS (close to being green) and 3,500 FAZ (ever so slightly red).
If the market moves as much tomorrow as it did today (either up or down), I am confident I will be able to generate a $1,000+ profit to put me over my $500/day target - I am hoping (voting) big bull for tomorrow.
Hope everyone has a great evening and I look forward to rubbing elbows with you tomorrow - Dave
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Post by maxi on Dec 1, 2010 19:30:27 GMT -5
Bought 100 shares of IRE.. ;D
No other changes.
ONP still the strangest stock i have ever owned.
HAL hit new 52 week high....
Thinking of buying coal stock.
SVA the same. That show last night did not mention Gates trip to SVA at all. I kinda had a feeling that would be the case.
URRE inching up nothing to write home about tho.
Have a whole new list of wished I had boughts. Some I might ease into.
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Post by timber on Dec 1, 2010 19:37:56 GMT -5
i just shorted some more tza is all and coverd some vxx short
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seatoo
Commodities Trader
Posts: 168
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Post by seatoo on Dec 1, 2010 19:58:39 GMT -5
Bought HERO at 2.62 just before the late day plunge. The drilling news was out hours beforehand, but the second drilling ban notice caused a twitch in the SP. Recovered nicely, looking for the uptrend to continue.
Still holding MVIS at 1.50
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Post by brosin on Dec 1, 2010 20:09:42 GMT -5
Have to say, I loved today. Right when it had the appearance of the bottom about to fall out. Real LifeFFR was level at .20% - as mentioned the past few sessions, the longer we hold in the .20%s, the more the market is getting set for a big up move. With equities starting to see that today, I'd like to see the FFR show even more bullishness within the next few days. My FAS was nicely green - the penny play that had been on play seems to be falling out of play; that, or it's consolidating for another big push higher. Volume is still up quite a bit on it, but we will see Monopoly World Big Cap [/url] had a good day, +2.2%, only 1 move... still waiting for $500K to "settle" from my options account (moved yesterday) -shorted more BKE @ $35.35 (terrible entry), avg now $36.11 / breakeven on 7x short position... BUT... learning experience today. BKE went ex-div today on a $2.50/sh 1 time dividend (announced 11/18)... so I'm out $40K / 7% as I have to pay it. I gotta watch the news more carefully on stocks I'm short that have dividends. I knew BKE had one but had no clue they had announced the 1 time dividend. NOW I know why the stock has been flying lately. Anyone looking for a short hedge, I think it is worth a look Allocation - 51% long, 24% short, 24% cash (only because of $500K added, still not technically settled so really I am 70% long until tomorrow's close when they are settled) scalp trades - no moves, +6.5% on the day as CHK and FAS had good days Options acct [/url] - really strong day here as expected as I got lucky and was holding good amount of SPY $117 weekly calls overnight... I sold them all today with the market near 1200, so left quite a bit on the table. but account +30.2% on the day. All cash +79.3% on this trade Date Opened Contracts Buy Price Sell Price Total Cost Proceeds Gain/Loss Gain Loss % 11/30/2010 SPY Weekly $117 calls 100 $2.23 $3.58 $22300 $35800 $13,500.00 60.54% 11/30/2010 SPY Weekly $117 calls 100 $2.25 $3.56 $22500 $35600 $13,100.00 58.22% 11/30/2010 SPY Weekly $117 calls 150 $2.10 $3.61 $31500 $54150 $22,650.00 71.90% 11/30/2010 SPY Weekly $117 calls 150 $2.15 $3.61 $32250 $54150 $21,900.00 67.91% 11/30/2010 SPY Weekly $117 calls 100 $1.76 $3.44 $17600 $34400 $16,800.00 95.45% 11/30/2010 SPY Weekly $117 calls 100 $1.80 $3.55 $18000 $35500 $17,500.00 97.22% 11/30/2010 SPY Weekly $117 calls 100 $1.85 $3.44 $18500 $34400 $15,900.00 85.95% All in all, accounts +11.2% on the day (includes the $40K 1 time dividend payment on BKE shares). May have been my best day since inception 9/7/10  |
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Post by tajmahal9898 on Dec 1, 2010 22:13:14 GMT -5
unlost some of the CSCO losses
Was tempted to trade MCOX.. glad I didn't.. it was down another 20%.. was down 35% yesterday...
No trades..
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Post by Rich on Dec 1, 2010 22:20:12 GMT -5
I heard some guy today saying csco was a buy here at 19.
He was alone in his analysis. The other 2 guys didn't even mention csco.
They were talking about tech stocks.
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Post by papasloth on Dec 1, 2010 22:27:52 GMT -5
Was tempted to trade MCOX.. glad I didn't.. it was down another 20%.. was down 35% yesterday... I understand why you're tempted - $7 revenue per share on a $7 stock, with 41% YoY revenue growth - But ouch, they managed to drop another 20% on a day where the Dow was up 250? Talk about catching a falling knife... Yahoo Finance says it's debt free, but only has 25M total cash, with an operating cash flow of 13M. That's kind of scary for a company with a 400M market cap. Are investors expecting a secondary? I just looked at what Dec. 7 puts are going for, and... There are none I guess the market hasn't caught up to their price decline yet. Edit: Yahoo doesn't have Dec 7 puts listed, but TD Ameritrade has Dec 5 puts... Which are useless at .05/.20 bid-ask spread. |
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Post by jack on Dec 1, 2010 22:38:13 GMT -5
unlost some of the CSCO losses Was tempted to trade MCOX.. glad I didn't.. it was down another 20%.. was down 35% yesterday... No trades.. fyi Taj During the FNSR CC this evening there was a Q about its 3 main customers CSCO being one of them. Board Chairman Rawls didn't say it outright but it was implied that CSCO is falling behind its competition. |
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