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Post by cosmic on Feb 15, 2011 16:05:37 GMT -5
Looked like a sell on our anniversary. I am sad.  Ah well I closed my FAS diagonal spread today for a small (very small) profit, and probably none to soon. Both would have fallen sharply here. I think we're at a pretty easy spot now and the cue is going to be volume. Volume is relatively light today, looking across some of my watchlists. I think if we see that start to increase significantly on down days we may get a feel for if we're toppy. These 'opex vacations' the market takes are tiring and annoying, but I guess some ridiculous necessity of some sort. No other trades. Hope everyone made some money today and will do so tomorrow... which is NOT Fastopia's 1 YEAR anniversary. Members, please post your results along with your RDA of smileys!  PS I've dished out a real stumper over in the Saloon for the Anniversary Contest (Part 2). Exabi is making Anniversary Drinks, so why not pay 'em a visit ;D |
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Post by demanuel2001 on Feb 15, 2011 16:10:39 GMT -5
A bit of a nothing day. Scalped some LVS and also wrote some March $49 LVS puts. Have a buy back order for similar puts expiring Friday but it hasn't filled. Still waiting for Fidelity to release the 20% of my portfolio that is in my 403b and doing nothing. Looks like I'm up a little less than 1/4% today.
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Post by Rich on Feb 15, 2011 16:15:13 GMT -5
I sold those LVS calls for a nice trade. Still holding my fas calls which may be a mistake. We'll see. Got most of the ice off my driveway. chip, chip, chip away... Bought a new mailbox and 4x4 post as the snow plough man killed the old one. I shoould have bought an 8x8 post.....  |
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Post by demanuel2001 on Feb 15, 2011 17:14:41 GMT -5
Here in Tulsa we went from a low of minus 5 degrees F last week to highs in the 60s this week. Amazing how quickly a little sunshine melts a huge amount of snow and ice.
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Post by sloop on Feb 15, 2011 17:24:08 GMT -5
No trades AMAZING!
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Post by maxi on Feb 15, 2011 17:47:02 GMT -5
Sold ZLCS for a dime. (4%) Looks like in the nick of time too. Went down from this morning and is falling after hours as well. Going back to my original plan of waiting till it is 2 or less before considering again.
Silver keeps going. SVM keeps going up without me!
SLW is a better play tho.
PSUN remains my nemesis.
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Post by exabi on Feb 15, 2011 19:24:21 GMT -5
Ah sh*t, just saw that I was bartender for the evening......no trades, in transit today from the land of Cos (a bit north of the Cosmicpolitan area)....I gotta hurry over to the saloon.  |
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Post by Rich on Feb 15, 2011 19:26:42 GMT -5
a double expresso, my good man....
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Post by timber on Feb 15, 2011 20:19:21 GMT -5
no trades either....just reshorted the ung scam....no other buys or sells....been really busy here in paradise
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Post by tajmahal9898 on Feb 15, 2011 20:35:04 GMT -5
closed CSCO position in the morning - slightly ahead on overall naked short puts, assignment, and selling shares.
bearish on CSCO -- via the options route
setup
long March 19 calls
short March 20 calls
short March 18 puts
for net 5 cents debit
p/l
> 20 : 20x profit
19.05-20 : up to 20x profit
18.00 - 19 : 5 cents loss
< 18 : unlimited loss
--
Sold C shares that i has holding in the other account.. nice profit.. getting ready to exercise Feb 2011 Leaps.. still holding Jan 12 and Feb 12 Leaps..
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Post by benvestor on Feb 15, 2011 22:07:20 GMT -5
no trading here.. paper scalped the MU calls from .08 to .13 this morning around 7am. Didnt have the guts to go for it.
Holding 20 mu calls from .21 to .07 now. But this damn thing is damn near a perfect bull flag. I think it breaks this week, and when it does ill not lose as much money ! heh heh
any input on this is appriciated actually, as I really want to scalps these feb19 12 calls if MU goes to 12 these could be Golden.. but i could just be blind to a blowoff top?..
Holding LVS calls, really should have sold and the last few pops but this is also looking like a short term bull flag, rising wedge sitting in a big ass weekly bull flag as rich has pointed out
Sitting on a decent amount of cash
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seatoo
Commodities Trader
Posts: 168
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Post by seatoo on Feb 15, 2011 23:05:20 GMT -5
Sold MSPD for 7.84 for +11%
Watched PAL, MDW, WLB, and UURAF for the next one to buy, but didn't make a move. There may be a pullback coming, so will wait. Possibly a short and shallow downturn, so watching closely for an entry point
Also sold HERO at 4.14 for +58% in my IRA acct. and replaced it with UEC for 6.58
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Post by kbk3ck on Feb 15, 2011 23:39:21 GMT -5
Lost 1/2 my ERX profits from Monday.  Looking to make that back tomorrow. Still holding it. Still holding SOXL and BGU. Will sell some SOXL and add some TNA to have even ammounts of all 4. |
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Post by brosin on Feb 16, 2011 11:20:01 GMT -5
FFR was level at .15% My FAZ was slightly green while MNKD did great today monopoly world big cap - decent day, acct +2.1% on the day and I met my margin call with a few moves. Decided to close out a couple in here instead of the original plan to liquidate massive FAZ loss in the Scalp Trades account... the red market pushed my buying power to a less negative number in here which made the decision easier buys: (to cover 66%) CHK @ $30.65 & $30.70 for -7% (biggest loss I've taken in this account) i remain 100% short and looking to capitulate in the mid to high 1330s as that would still leave me about 15% ahead of the market since 9/7/10 since inception scalp trades - no moves, although the plan going into yesterday was to potentially liquidate this whole account and move the money into the Big Cap to meet the margin call. It survived to see one more day at least All in all, accounts were +2.4% on the day |
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