Cosmic's MarketPlace Wrap - 12/14/2010

[cosmic]

The Case of the Mysterious Indexes! We need Scooby or Nancy or Josey or Jupiter Jones!

Let me take a peak here at my main watchlist...

Down:
GOOG
RCL
XLE
ERX
TZA
SPG
IYR
URE
DRN
XLF
SPXU
WFC
C
GS
BAC
FITB
F
IMGG
IMDS
SVA
LVS
VRNM
APWR
AONE
STEC
POT
CSCO

Up:
SOL
CYOU
TBT
WLD
VLO
CMG
CNO
QQQQ
SQNM
AIG
GE
FAZ
DRV
SRS
TNA
SPY
UUP
KSS

What a mess

No trades today but am still feeling somewhat bearish. Guess it's the final Opex of the year so your head needs to spin.

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

[theMIST]

Looks like lots of damage "under the hood"

;D

[demanuel2001]

Looks like I lost another 2% of my portfolio again today - still riding LVS down. On the bright side, most of these losses have been in my taxable account and it now looks that I'll be getting some of the estimated taxes I paid in September back.

[demanuel2001]

Oh I did sell out all my PCS shares for a nice profit. Also, my contest entry FSII jumped 10% today on news of a big order.

[brosin]

Real Life

FFR was bullish to .17% from .16% - this got us out of the 'deployment on risk' level, but we would want to see further bullishness to confirm the strong equity market moves lately before feeling safer about moving back towards risk. FOMC meeting was today which typically also marks a top...

Monopoly World / real time entries tracked in blog

Big Cap - had a good day, +3.1% thanks mainly to my CRM and IRE shorts; a few moves...

Sells:
(66%) RIMM @ $61.25 & $61.33 / -1.1%

Buys:
(add) DRV @ $19.73, now a 2x "long" avg $20.03 / unrealized +3.9%
(to cover 20%) IRE @ $2.75 / breakeven +.3% (still holding 4x short position avg $2.77 / unrealized +4%)
OREX $9.28

Shorts:
(Add) BKE $39.30, now a 11x short avg $37.06 / unrealized -6.1%
NFLX $178.80

Allocation now 23% long, 76% short, 1% cash

Scalp Trades no moves, acct +3.8%, STILL holding FAZ unrealized -5.9%

Options Acct - good day, acct +3.6%

Started position in the SPY Jan $126 puts, unrealized +8.1% so far / avg $3.33

Date Opened Contracts Buy Price Sell Price Total Cost
12/14/2010 SPY Jan $126 puts 100 $3.26 32600
12/14/2010 SPY Jan $126 puts 100 $3.29 32900
12/14/2010 SPY Jan $126 puts 100 $3.35 33500
12/14/2010 SPY Jan $126 puts 100 $3.42 34200


All in all, accts +3.1% on the day

[papasloth]

Sold short some SVNT Jan 11 puts, within .03 of SVNT's low of the day.

That's it Slow day.

[exabi]

No trades today, been too busy writing lyrics. The coalers were not playing well together today, ungained some of my unlosses on PCX.

[actuarynomore]

Again, waiting patiently to get back into FAS and when I do, I hope to be able to unload a very hefty FAZ position - As a result of having no gains since 12/8, my average daily FAS/FAZ trading profit has dropped to $441 for the month of December and am hoping to get a major boost when and if FAS drops below $24.

Can't wait to get our 12 days of Christmas song put together - I have a couple of verses for my 8 Maids of Milking and may come up with a few more - Great idea Cos.

Hope everyone has a super evening - Especially Bros - and I look forward to seeing you guys tomorrow - Dave

[timber]

shorted more ung poop

[rockbo77om]

Added a good chunk of OREX, to what was just a few shares meant to track road of Opex winner (almost!). OREX looks good here short term

Sold MGM, casinos look sickly. Hope to reenter at mid 12's.

Continue holding AGQ. If silver drop from $30 last week was *the* pull back, it will slice through like butter next time around.

PWER sucks. Holding.

Added my first call ever, C Jan22 5.0

[jn1520]

Quiet week for me, other than my pickup of 130 FAZ shares @ 9.85 today....or was it 9.86? I'm tired....