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Post by brosin on Dec 9, 2010 16:42:46 GMT -5
Looks like Cos is napping - and I don't blame him seeing the action today! The most notable thing that I saw today was a further falling $VIX, but one that did not make a new low from Tuesday. I still don't feel very bullish here, but it looks like I missed a few opportunities to post a few new "Where's the Drop" episodes. Hope everyone made some money today and will do so tomorrow. Members, please post your results along with your RDA of smileys.  |
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Post by Rich on Dec 9, 2010 16:47:43 GMT -5
wierd day for me. Both my accounts are up pretty good and I was afraid to make a trade. Coulda made money either way today, looking at the charts. guess I'll wait for tomorrow.
I did sell those fas calls first thing. Still have the ire.
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Post by timber on Dec 9, 2010 16:50:50 GMT -5
i did get a few spy puts just in case brosin....if your wrong i can give you my address to reimburse me for the loss ;D ;D
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Post by brosin on Dec 9, 2010 16:52:52 GMT -5
i did get a few spy puts just in case brosin....if your wrong i can give you my address to reimburse me for the loss ;D ;D ;D does that mean i can send you my address to send me a % of the gains as well? |
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Post by Rich on Dec 9, 2010 16:54:05 GMT -5
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Post by brosin on Dec 9, 2010 16:55:44 GMT -5
every time I wanted to go long, Bros and Cos got in my head. every time I wanted to go short, Clinton got in my head.  ahh ok maybe that's the secret - my head's filled with nothing but a lot of hot air!!! |
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Post by timber on Dec 9, 2010 16:58:35 GMT -5
every time I wanted to go long, Bros and Cos got in my head. every time I wanted to go short, Clinton got in my head. dont listen to anyone but me from now on rich ;D ;D |
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Post by Rich on Dec 9, 2010 17:03:20 GMT -5
sometimes I make a trade and then get so mad at myself.
I get ahead of myself, I need to sit back and check out the terrain.
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Post by bellevuetrader on Dec 9, 2010 17:04:45 GMT -5
Booked some profits on BofA today....prob 9+% or so. Not bad for a short ride...I was overweight.
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Post by papasloth on Dec 9, 2010 17:05:10 GMT -5
4% drop in HGSI when Cowen initiated coverage at underperform.
Looked bottomish to me at $24, so I sold short some Dec 24 puts for 0.54/share. I'm long the stock with Apr. 26 covered calls.
Cosmic is gaining on me big time with IRE vs. my OREX in Road to Opex. I have to admit, I like his odds here a lot. Still, it looks like OREX is finding a level here around $8.50-$8.60, and so far I'm in the lead by around 5%. It all depends on whether IRE has more legs, or whether it's topping out for now.
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Post by tajmahal9898 on Dec 9, 2010 17:07:37 GMT -5
CISCO was up so was my portfolio..
I am a real fan of TOS customer service..
I had two trades entered yesterday to sell 100 Dec 20 contracts - total 200 contracts .. call covered.. 100 against 10K shares and 100 against 100 long position..
I *thought* one of these trades was good for DAY and other one was GTC.. none of the trades got executed yesterday and I *think* i saw an expiry message of the ticket last night.
Today morning, both these contracts were executed.. I didn't monitor AM activity and contracts were executed well below the market value.. I called TOS CSR and explained that one of the ticket should have expired yesterday.. the call was escalated to Trade Review team and the gentleman called back to inform me know that one of trade is busted.. they absorbed the cost as market didn't bust this trade.. their cost close to $1100.. Well that's what I call customer service.. they might have been right all along... i was going by my recollection.. their system indicated both trades were GTC.. so it the end it was my word versus their system.. and they took my word.. speaks volume..
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Post by papasloth on Dec 9, 2010 17:07:41 GMT -5
sometimes I make a trade and then get so mad at myself. I get ahead of myself, I need to sit back and check out the terrain. I remember whenever I lose a nickel, but I forget the times I made $1000. |
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Post by popistoc on Dec 9, 2010 17:29:47 GMT -5
CISCO was up so was my portfolio.. I am a real fan of TOS customer service.. I had two trades entered yesterday to sell 100 Dec 20 contracts - total 200 contracts .. call covered.. 100 against 10K shares and 100 against 100 long position.. I *thought* one of these trades was good for DAY and other one was GTC.. none of the trades got executed yesterday and I *think* i saw an expiry message of the ticket last night. Today morning, both these contracts were executed.. I didn't monitor AM activity and contracts were executed well below the market value.. I called TOS CSR and explained that one of the ticket should have expired yesterday.. the call was escalated to Trade Review team and the gentleman called back to inform me know that one of trade is busted.. they observed the cost as market didn't bust this trade.. their cost close to $1100.. Well that's what I call customer service.. they might have been right all along... i was going by my recollection.. their system indicated both trades were GTC.. so it the end it was my word versus their system.. and then took my word.. speaks volume.. Wow! No trades tdy popistoc |
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Post by maxi on Dec 9, 2010 17:35:43 GMT -5
 The worst happened of course. I sold ONP yesterday. Well it was the bottom. The company finally came out with reassuring news. And the stock flew up 90 cents. I have a creepy feeling it will keep going tomorrow but I will wait and see if I want to mess with it. (yes I am thinking about it) Bought URRE. TGB sorta wanted to move then stalled. Now green finally. PHM made a nice move (for it) At least I am green in it. Still watching IRE not sure what to think of it. HAL is a hold. I have a good profit and a good cushion from the first hal trade. Watched BAC go up without me all day long.
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Post by jack on Dec 9, 2010 17:51:39 GMT -5
The worst happened of course. I sold ONP yesterday. Well it was the bottom. The company finally came out with reassuring news. And the stock flew up 90 cents. I have a creepy feeling it will keep going tomorrow but I will wait and see if I want to mess with it. (yes I am thinking about it) Bought URRE. TGB sorta wanted to move then stalled. Now green finally. PHM made a nice move (for it) At least I am green in it. Still watching IRE not sure what to think of it. HAL is a hold. I have a good profit and a good cushion from the first hal trade. Watched BAC go up without me all day long. Be careful with HAL Maxi: |
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Post by exabi on Dec 9, 2010 18:39:35 GMT -5
Unlost about 50% of my unrealized loss from PCX yesterday. Kicking myself for selling CLD yesterday.....missed another $1/share ~4%.
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Post by cosmic on Dec 9, 2010 18:41:00 GMT -5
It's scary how well you know me Bros. Was off in napland.
So while one of my high fliers gave back 6% on no news whatsoever, the funniest thing I ever saw was every stock in my trading account was green except one, all my options were green (not necessarily profitable yet green on today's action.)
I honestly don't know what to do. It's such a weird thing to see.
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Post by timber on Dec 9, 2010 18:49:21 GMT -5
covered tza short for a whopping gain....huge one....will re enter if brosin is wrong here ;D
covered ung i shorted yesterday
one supr trade
and closed pkg calls again
not sure i made some more but this is from memory ....so i forgot the rest of them ;D
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Post by brosin on Dec 9, 2010 19:59:46 GMT -5
Real LifeFFR was level at .17% - it remains deep in the "get your parachute ready" levels and .01% off the "deployment on risk" level; in that sense, it was good that it did not drop further today. With the market holding up fine the past few days though, we would want to see the FFR confirm by moving back up. This divergence typically doesn't end well for the equity market. My FAS was nicely green; I have decided that I am not going to lighten up at $26.50/$27 - should it run towards $28-$29, that will be the next area for me to consider. Monopoly World / real time entries tracked in my blog Big Cap pulled back after hitting a new high at the close yesterday. Acct was -2.5% on the day. Decent amount of action as I went from 43% long at the open today to 33% long by the close Sells: All CSCO @ $19.65 / +2.8% All CHK @ $22.82 / +3.5% All LVS @ $47.20 / +2.7% All GS @ $166.75 / +2.7% All GGB @ $13.10 / +2% All YOKU @ $38.80 / +18% (on now only 2 trades, this IPO made me a  amount) All V @ $78.36 / +3.1% All DANG @ $32.10 / +10.7% (same as YOKU to a little lesser degree) Buys: (add) CYOU @ $28.43 -- now 2x long position avg $28.98 / -3.4% LEDS @ $25.25 -- standard 1 unit long / unrealized +2% BONA @ $7.20 & $6.60 -- 2x / unrealized -4.4% Shorts: Added IRE $2.97 & $3.05 -- now a *12x* short position avg $2.74 / -10.9% as big as the position it, it is now approaching danger zone levels for me as my unrealized loss is >$100K; I had previously locked in over $40K on the long side, so it is not the end of the world. But I will continue to hold for now even though my finger is more on the trigger than it has ever been on a losing position... shows my confidence or lack thereof in being able to play the volatility of this company Allocation now 33% long, 67% short scalp trades - I held my FAZ purchased yesterday into the ground today; I pulled my stop yesterday at -1.5%. It is now -5.4%... account was -9.3% on the day BTFD on brosin? img560.imageshack.us/img560/5553/scalptradesasof120910.pngMy performance in this account has lacked lately as far as keeping to the strategy... so in a way, I deserved today in here; got complacent and have been holding positions for big swings. I am still holding FAZ overnight Options Acct - taking a bath in here on my SPY $124 weekly puts... account was -17.1% on the day Holding unrealized -53.4% / -$96K loss on those puts w avg of $1.03 ... deja vu of last week where I get lucky again on Friday? Or do I actually take the bath this time... All in all, accounts were -6.6% on the day... may have been my worst day since inception... BUT tomorrow is another day ;D
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Post by brosin on Dec 9, 2010 20:07:08 GMT -5
Oh wait I did have one good options trade - closed out my CSCO $19 weekly calls from Tuesday for avg $.68 / +13.7%!
SCORE!
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Post by papasloth on Dec 9, 2010 20:20:03 GMT -5
it is now approaching danger zone levels for me as my unrealized loss is >$100K; I had previously locked in over $40K on the long side, so it is not the end of the world. But I will continue to hold for now even though my finger is more on the trigger than it has ever been on a losing position... shows my confidence or lack thereof in being able to play the volatility of this company The second time I wiped out in Real Life was when I shorted CMGI back in 1999. I was right about the trade - it eventually fell all the way from $1300 to <$1 over the next three years - but my timing was off by 6 months or so and I got margined out near the top. The third time I wiped out in Real Life was when I shorted AMZN around $10 in 2002. That time, I was just flat-out wrong and AMZN is all the way up to around $180 now. I learned two lessons from these trades: 1). Sometimes it's good to take your losses and move on. No one is right all the time, and even when you're right, it might take years for the market to catch up to you. 2). Never risk your whole stack on one trade. You can be right 90% of the time, but if you wipe out on one trade, it doesn't matter if you were right about all the others. |
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Post by maxi on Dec 9, 2010 20:24:13 GMT -5
And then?
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Dec 9, 2010 21:56:56 GMT -5
Added more FAZ today. Also traded in my 12/17 $11 calls in for 12/09 $10 calls (the weekly ones  Still think we have a leg down... Then I will BTFD... maybe Good luck everyone, sowolf- |
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Post by demanuel2001 on Dec 10, 2010 0:31:30 GMT -5
Looked like a nice trading day - but I was travelling so it was maybe half a day for me. Scalped a few LVS shares. Portfolio regained a little more than 1%
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Post by Clinton SPX on Dec 10, 2010 0:53:12 GMT -5
every time I wanted to go long, Bros and Cos got in my head. every time I wanted to go short, Clinton got in my head. Hey, I nailed the BTFD today time for pump monkeys to work their lunch time magic BTFD |
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jn1520
Broker/Dealer
Posts: 719
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Post by jn1520 on Dec 10, 2010 8:21:18 GMT -5
Held all current positions and added 1000 shares of CAPS @ 1.10 (currently up a bit) ;D
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Post by brosin on Dec 10, 2010 10:48:30 GMT -5
Shorts: Added IRE $2.97 & $3.05 -- now a *12x* short position avg $2.74 / -10.9% as big as the position it, it is now approaching danger zone levels for me as my unrealized loss is >$100K; I had previously locked in over $40K on the long side, so it is not the end of the world. But I will continue to hold for now even though my finger is more on the trigger than it has ever been on a losing position... shows my confidence or lack thereof in being able to play the volatility of this company fwiw, unlost $96K so far today, still -2% unrealized, but we will see. still haven't covered any yet as stupid as that may be |
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The worst happened of course. I sold ONP yesterday. Well it was the bottom. The company finally came out with reassuring news. And the stock flew up 90 cents. 
amount)
