Cosmic's MarketPlace Wrap - 12/22/2010

[cosmic]

No real trades today. Everything I wanted to buy with my sweep funds from yesterday ran before I woke up lol. I hate buying tops, but should have I guess. Nope, there will be down days for buying. Today was not one of them.

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

[demanuel2001]

Down 1% today - driven by LVS dropping. No big whoop.

[Rich]

bidu, very bad trade and while it is not over, the fat lady is stepping onto the stage.

fas calls countered that trade in grand fashion and cushioned the blow.

ksu.....did nothing.

down day but it could have been worse.

[tajmahal9898]

SOLD BIDU for $3 realized profit.. I acquired these shares due to long 97/98 spread last week that expired ITM..Very decent profits..

Bot LVS covered call at 45.55 - sold 46 weekly covered calls for .719 (2K shares, 20 contracts)

My (day)trading account now has limited funds as I keep moving predefined amount on 15th of each month to another conservative account..

[timber]

I DONT remember what i traded today i ate this red mushroom with white dots and ended up naked in cosco ;D

[maxi]

Dec 22, 2010 16:51:05 GMT -5 timber said:

I DONT remember what i traded today i ate this red mushroom with white dots and ended up naked in cosco ;D

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[demanuel2001]

Dec 22, 2010 17:01:24 GMT -5 maxi said:

Dec 22, 2010 16:51:05 GMT -5 timber said:

I DONT remember what i traded today i ate this red mushroom with white dots and ended up naked in cosco ;D

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I thought you were more of a toad licker Timber

[theMIST]

And I thought I was losing it! LOL

You guys got me beat by a mile!

;D

[exabi]

Had to run out for some shopping...set a trailing stop on PCX, got hit, still got out with 6%. Put a buy order in $0.30 below, missed by $0.02. Back up above my trailing stop sell.

[popistoc]

Bought 5 Jan 11 MNKD calls at 1.14.

Wish me luck,

Popistoc

[billorites]

Dec 22, 2010 16:51:05 GMT -5 timber said:

I DONT remember what i traded today i ate this red mushroom with white dots and ended up naked in cosco ;D

That's how I met my wife.

Been 29 blissful years.

So, uh, about those mushrooms...

[brosin]

Real Life

FFR was bearish from .21% to .20% - after a strong bullish move, it paused a bit and backed up. It is still in 'all clear' levels, but with the market making new highs, seeing it gain towards the .22% (would be 8 month high) or .23% (w/b 20 month high) would be a good confirmation that the market is ready for its next strong leg up.

In a real life trade alert, not only is FAS starting to run away from my $26.80 sell a couple weeks ago, but I dipped my toe in FAS @ $9.55. I guess I didn't want that FAS sell to be my last trade of the year... My IRA has also been climbing to new YTD highs and even overtook the SPX in 2010 thanks to a lot of strong moves in my stocks these past 2 weeks. This is the best news I could have

Monopoly World / real time entries tracked in my blog

Big Cap - it had a slight up day of +.8%, and this account is nearing a new high since inception... only 2 moves:

Sold SIRI @ $1.51 for +11%
Bought DRV @ $18.75

I am now 37% long, 62% short

scalp trades - no moves, account down -5.2% on the day

still holding FAZ [now about a week] and really into the ground at this point. Going to sell it within a week or so, green or red on it. Decay working against me this many days in

options account - no moves, acct down 6%

still holding SPY Jan $126 puts and very small amount of SPY Jan $120s, both good sized unrealized losses


All in all, accounts down -1% on the day