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Post by cosmic on Dec 3, 2010 16:42:47 GMT -5
Interesting down day that turned upward. It feels like the bears gave up, but who knows. Nice close.  My IRE position is performing well, and I have a 20% gainer that I'm looking closely at that had some short squeeze action today. CSCO continues to depress.  Congrats to all entrants into the Road to Opex IV contest. Good luck! ;D Hope everyone made some money today and will do so on Monday. Regulars, please post your results along with your RDA of smileys!  |
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Post by maxi on Dec 3, 2010 16:47:29 GMT -5
ACI surprised me and did not let me buy more shares cheaper. +3.39%
HAL added 1.33% today
IRE well if I had known! 100 shares. lol
TBG still waiting for it to move basically even now but have been this close the other day so....
PHM well glad I only got 100 sh. -2.04%
And then ONP. god this thing is going to ruin me. Bears still killing it. Hope it stops someday.
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Post by jack on Dec 3, 2010 16:55:46 GMT -5
Didn't get the Christmas lites up yet: that's all I got.
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Post by demanuel2001 on Dec 3, 2010 17:02:59 GMT -5
Bit of a boring day. Didn't really get to do much except maybe get myself in trouble for next Monday. Up about 1/2% of my portfolio
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Post by Rich on Dec 3, 2010 17:11:10 GMT -5
no trades, but looking at the chart eod, probably could have.
My ire had a good day. I now have a moral dilemma. Cos has ire in the contest.
I don't know what I want it to do ;D
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Post by benvestor on Dec 3, 2010 17:12:49 GMT -5
Holding IRE 2 calls.. blah..
cmon big ol squeeeze next week
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Post by timber on Dec 3, 2010 17:28:19 GMT -5
cos is going to win i should of picked it i was up early enough...oh well ill make enough to buy one gold coin from it
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Post by Rich on Dec 3, 2010 17:41:50 GMT -5
hands off, Timber!
The GOLD is mine!
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Post by brosin on Dec 3, 2010 17:44:23 GMT -5
Real LifeFFR was bearish to .19%; this is notable since the FFR stayed flat for 6 straight days at .20% even while the market was very strong the past few sessions. Further deterioration would not be a good sign for the bulls. As a reminder, .18% is the "get your parachutes on watch" level and .16% is the "deployment on risk" level. My FAS was green; did some thinking today as to where I may want to *think* about lightening up. I think $26.50/$27 is the area I am looking at for now, but jury is still out. Monopoly World / real time entries tracked in my blog Big Cap - superb day, +6.8% thanks to BAC, CHK, IRE, SOL, and my BKE short (may be my best day yet, would have to look). Fairly active day as well: Sells: 57% of my SOL @ $9.00 / +2%, still holding unrealized +2.8% gain on remaining 1.5x long position, avg $8.80 25% of my BAC @ $11.74 and $11.86 / +2.1% & 3.2%, still holding unrealized 3.2% gain on remaining 6x long position, avg $11.49 Shorts: Added short SLW $39.20, avg $36.88 unrealized -6.6% New short PCLN @ $406.23 Bought to Cover: all CMG $234.68 / +3% Buys: CYOU $29.60 CSCO $19.11 Allocation 48% long, 37% short, 17% cash (still in the process of putting money to work that was newly settled at the end of yesterday in this account)... Scalp Trades - no moves, still holding LVS short (unrealized -1.9%), account breakeven / -.2% on the day Options Acct - chalk today up to a learning experience in there (see separate thread in the FME), account -16% on the day as I continued adding to SPY $122 weekly puts expiring today and they all expired worthless. After the few months I've had in here, today was long overdue so that's ok. Date Opened Contracts Buy Price Sell Price Total Cost Proceeds Gain/Loss Gain Loss % 12/3/2010 SPY Weekly $122 puts 500 $0.04 $2000 0 -$2,000.00 -100.00% 12/3/2010 SPY Weekly $122 puts 500 $0.04 $2000 0 -$2,000.00 -100.00% 12/3/2010 SPY Weekly $122 puts 300 $0.14 $4200 0 -$4,200.00 -100.00% 12/3/2010 SPY Weekly $122 puts 300 $0.17 $5100 0 -$5,100.00 -100.00% 12/3/2010 SPY Weekly $122 puts 500 $0.14 $7000 0 -$7,000.00 -100.00% 12/3/2010 SPY Weekly $122 puts 350 $0.17 $5950 0 -$5,950.00 -100.00% 12/3/2010 SPY Weekly $122 puts 350 $0.18 $6300 0 -$6,300.00 -100.00% 12/3/2010 SPY Weekly $122 puts 350 $0.19 $6650 0 -$6,650.00 -100.00% 12/3/2010 SPY Weekly $122 puts 350 $0.16 $5600 0 -$5,600.00 -100.00% 12/2/2010 SPY Weekly $122 puts 250 $0.36 $9000 0 -$9,000.00 -100.00% 12/2/2010 SPY Weekly $122 puts 250 $0.36 $9000 0 -$9,000.00 -100.00% 12/2/2010 SPY Weekly $122 puts 250 $0.37 $9250 0 -$9,250.00 -100.00% 12/2/2010 SPY Weekly $122 puts 250 $0.41 $10250 0 -$10,250.00 -100.00% 12/2/2010 SPY Weekly $122 puts 250 $0.39 $9750 0 -$9,750.00 -100.00% All in all, accounts were down -1.8% on the day
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seatoo
Commodities Trader
Posts: 168
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Post by seatoo on Dec 3, 2010 17:58:30 GMT -5
Held MVIS through the spike. Have so few shares that the comissions would have been significant for a quick trade. Don't have daytrader ability anyway. Will wait for a longer term rise before looking to sell. Maybe around 2.50 as a target.
Holding HERO. Possible sell target around 5.00
Will be away for 3 weeks, so GLTA. Great board, Kudos to the great moderators who make it so... (what is a kudo anyway??)
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Post by timber on Dec 3, 2010 18:08:04 GMT -5
hands off, Timber! The GOLD is mine! i hope a volcano erupts underneath the main bank in ireland now ;D |
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Post by papasloth on Dec 3, 2010 18:19:09 GMT -5
Announcement about China subsidizing big solar projects was very good for my naked short LDK 10 and 12 puts.
Nice run on HGSI also helped. Minorly up day for SVNT. Set a high water mark at market close.
Then some tankage in HGSI after market close on news of a three month FDA PDUFA delay cost me about 2/3rds of my daily gains. Hoping Monday is gentle.
Oh, and I'm dead last on Road to Opex so far. Woohoo!
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Post by actuarynomore on Dec 3, 2010 19:03:43 GMT -5
WOW!!!WOW!!!WOW!!! What a f-king day - I'm partying tonight.
First off, I owe Sloop an apology and an exalt for my incorrect assumption this morning regarding my OPEX pick - My sincerest apologies Sloop!!!
I want everyone to know that before the rules committee and other posters suggested my OPEX pick might not fly, I informed Taj/Cos to pull my ZTHO entry which needed to be done. It was an am PM from Clint that got me to thinking about it. I may be in with FAZ at the 12th hour but as I peruse the rules, that may be an infraction as well and I will gladly rejoice in whomever of you schmucks takes home the Gold even if I'm not competing.
My trading actually started PM when FAS started climbing and I decided to sell 500 FAS at $24.46 before the employment numbers came out - Then the bad news hit and during PM, I decided to buy those 500 back at $23.65. Just before I was going to sign-out, all hell broke out and I decided to sell those same 500 shares at $24.38.
I bought 500 FAZ as well and together with commissions, my net profit was $1,013.75 which puts me at a $2,871 aggregate FAS/FAZ trading profit for the month of December - a whopping $957.12 per day.
I also unloaded 2,500 MVIS at $2.05 and may consider buying those back if it gets to $1.40 or so and I also I bought another 5,000 ZTHO.
I am currently holding 1,000 FAS (very green) and 5,500 FAZ (red) and as usual, don't care where the market takes us next week because I know I'm making money regardless.
BTW, I scrambled out right after the close because I am organizing a 29th birthday party for my daughter at my place so I will abso-fng-lutley be partying tonight.
I hope everyone has a great w/e and I look forward to trading with yall on Monday - Dave
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Post by timber on Dec 3, 2010 19:16:30 GMT -5
nice dave you have to show us how you do this in detail
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Post by exabi on Dec 3, 2010 19:25:47 GMT -5
No trades...tried to buy back into PCX after the pop, didn't quite hit, and was not going to chase.
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Post by actuarynomore on Dec 4, 2010 0:48:35 GMT -5
nice dave you have to show us how you do this in detail Hey Timber - When I sober up tomorrow, I will gladly share with you the spreadsheet I use to track everything - Iam so shit faced right now - Had a great evening partying with my daughters, son-in-law, future son-in-law, 2 grandkids, my lady AND my ex-wife - Me and my lady are headed for bed and I don't think I will be getting out of bed until noon tomorrow - Take care and good trading tomorrow - Dave |
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Post by actuarynomore on Dec 4, 2010 14:54:45 GMT -5
Hey Timber, Attached is a pdf file that shows how I track my FAS/FAZ trades - While most columns are self-explanatory, I'll provide comments on the following: - C-SP - If a buy transaction - Purchase SP
- C-SP - If a sell transaction - AP at time of sale
- M-SP - Only for sale transactions - Sale SP
I have a couple of other spreadsheets that give me an idea as to how my entire portfolio is doing on a snapshot basis for the current day as well as every day back to 7/1/2010. This latter spreadsheet is really interesting because it tells me what all of my holdings were on every day (shares and cash) and with this spreadsheet, I am able to absolutely quantify how my trading has impacted my overall market value based on current share prices. And what this spreadsheet tells me today is based on current share prices and actual shares and cash held on each day back to 7/1, my greatest value was when I held all the MVIS shares I had accumulated and when my FAS/FAZ position was 14,500/0 versus todays holding of 1,000/5,500. As you guys may remember from my prior Marketplace Wraps, I recognized way too late that I was way too bullish when the market started turning down in April and kept on saying to myself, hold, hold, hold, it'll start going back up - After losing significant market value, I decided to stop the bleeding and sold a major portion of my FAS holdings for huge loss. While it pains me to think about the Market Value I have lost going back to April when FAS hit $39, I don't dwell on it anymore and it is why I am so focused on making cash doing the FAS/FAZ trade now. My current position has taken my Market Value down recently and it will continue to decline if/when FAS/FAZ go up/down. But, since I have been doing the FAS/FAZ trade (October 5th): - I have increased my cash position by over $19,000, AND
- Should FAS fall back to $21 (which I believe is quite likely before it goes to $30 and above), my market value, assuming no changes in share holding will be the highest going back to 7/1, AND
- I would have enough cash to buy back 14,500 shares of FAS plus some if I really wanted to go FULL-BULL at that point.
Bottom-line, I sure wish I could go back to my position in April based on what I have learned thru today (which I can't), but I know I will be a hell-uv-a lot more nimble going forward. Thanks to all for what you share here in Fastopia because you absolutely have helped me grow - Dave Attachments:
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Post by timber on Dec 4, 2010 15:03:21 GMT -5
i dont think fas sees 21 again soon though
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Post by actuarynomore on Dec 4, 2010 15:25:41 GMT -5
I agree but the question for me is - Do you think we will see FAS at $21 again - I am pretty sure we will, possibly even lower but until then, I will continue to trade both FAS/FAZ to increase my cash position versus holding a ton of FAS for the proverbial home run.
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Post by brosin on Dec 4, 2010 16:10:05 GMT -5
I agree but the question for me is - Do you think we will see FAS at $21 again - I am pretty sure we will, possibly even lower but until then, I will continue to trade both FAS/FAZ to increase my cash position versus holding a ton of FAS for the proverbial home run. I do not think FAS will see $21 again for a long time, but I would have said that about below $22 a few weeks ago too, and just last week we got there so that tells you what I know! |
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