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Post by cosmic on Feb 23, 2011 16:11:05 GMT -5
We briefly tapped below 1300 today, but only briefly. I was watching the impulse selling around the lunch hour when typically there might be a slight rebound... didn't really much happen.  I did pick up some SQNM at 5.99 today. It is not a full position and I'm prepared to buy back down to 5.25 if necessary. I don't think it'll get there.  A close or two below 1300 should signal a much further drop, so far we're just retesting supports. Rising fuel prices on Middle East unrest are clobbering the transports. As go the transports so goes the market.  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 demanuel2001 on Feb 23, 2011 16:21:50 GMT -5
Today turned grim pretty quickly and I was down over 4% again at the worst. I wired in some of the cash freed up by my 403b liquidation today and will wire in some more tomorrow. Because of the tightness of my margin situation in my after-tax account I had to buy back some June $52.50 puts. I bought some Friday $45 and $46 calls close to the low of the day to jack up my delta while waiting for the new funds to hit. Finished the day down about 1% of my portfolio value. If I am anywhere close to being right in my reading of the situation I should make a bundle over the next couple of days as we zoom right back up. If not, I guess I'll have to reevaluate but have plenty of liquidity now. FWIW I am now only up 0.25% MTD 4% YTD.
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Post by Rich on Feb 23, 2011 16:25:05 GMT -5
didn't get the bounce we normally get. I guess we'll see what happens tomorrow but the bulls took another one on the chin today. LVS had a nice afternoon but my calls have turned into a decaying stack of _________. (please insert word)  |
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Post by jack on Feb 23, 2011 16:37:40 GMT -5
didn't get the bounce we normally get. I guess we'll see what happens tomorrow but the bulls took another one on the chin today. LVS had a nice afternoon but my calls have turned into a decaying stack of _________. (please insert word) Plutonium? (Some quarters would value that greatly) |
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Post by demanuel2001 on Feb 23, 2011 16:40:14 GMT -5
didn't get the bounce we normally get. I guess we'll see what happens tomorrow but the bulls took another one on the chin today. LVS had a nice afternoon but my calls have turned into a decaying stack of _________. (please insert word) Plutonium? (Some quarters would value that greatly) Could be Potassium OMFG! Our bodies are radioactive! Obama should do something about this! |
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Post by jack on Feb 23, 2011 16:47:50 GMT -5
Plutonium? (Some quarters would value that greatly) Could be Potassium OMFG! Our bodies are radioactive! Obama should do something about this! Dunno if you know it or not but people w/ advanced rheumatoid arthritis put in mines w/ elevated levels of naturally occuring radiation their pain is reduced. Yop...bananas have the isotope potassium-40: HORRORS!!! |
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Post by sloop on Feb 23, 2011 16:48:58 GMT -5
Oil is the future my dear friends
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Post by Clinton SPX on Feb 23, 2011 16:57:56 GMT -5
No trades but not a bad day for me, closed green
SNSSD +6%
ZBB +2.7%
NSU +.35%
carried the day
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Post by kbk3ck on Feb 23, 2011 17:20:09 GMT -5
Oil is the future my dear friends Sloop is right. I had bought 40 ERX yesterday in AH and another 100 ERX this morning. Sold them for nice profits. Added 40 more TNA for a total of 80 shares at an average of $78.24 Will probably add more lower tomorrow. |
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Post by kryptos2009 on Feb 23, 2011 17:40:38 GMT -5
Continue to build a long position in FAS today Buy 100 FAS @ 30.65 Total: 700 Average: 31.60 (including fees) Planning on selling covered calls on the position Thursday or Friday if we get a nice bounce. Had an order in for 100 @ 29.90 incase we bounced below S2, missed it by 0.01, order expired....  |
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Post by timber on Feb 23, 2011 18:01:02 GMT -5
i had a good day shorting netpoop....and long silver trade ....shorted more tza and vxx and did some option plays as well
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yjfang
Broker/Dealer
Posts: 525
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Post by yjfang on Feb 23, 2011 18:09:44 GMT -5
Reduced my net long exposure by 30-40% seeing that the market was still bleeding today. Will re-position after a few days.
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Post by kbk3ck on Feb 23, 2011 18:09:57 GMT -5
I just went ahead and added 117 shares ERX and 166 shares DIG in AH. Will see tomorrow if im still lucky. |
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Post by rex on Feb 23, 2011 18:12:54 GMT -5
This is what I did today: You have to start at the bottom and work up for the progression of the day. Netted me a decent $1500. Just typical day-trading.
Status Action Quantity Symbol Type Price Act. Price Time-in-Force Reported
Filled Sell 900 FAS Market 31.34 -- -- 15:07:25 02/23/11
Order No. 7281069617 Direxion Shs Etf Tr Dly F... Entered:15:07:23 02/23/11 Reuse
Filled Buy 70 FAS Market 30.799 -- -- 14:45:01 02/23/11
Order No. 7280913117 Direxion Shs Etf Tr Dly F... Entered:14:44:59 02/23/11 Reuse
Filled Buy 30 FAS Market 30.799 -- -- 14:45:01 02/23/11
Order No. 7280913117 Direxion Shs Etf Tr Dly F... Entered:14:44:59 02/23/11
Filled Buy 800 FAS Market 30.799 -- -- 14:45:01 02/23/11
Order No. 7280913117 Direxion Shs Etf Tr Dly F... Entered:14:44:59 02/23/11
Filled Buy to Cover 600 FAS Market 30.9099 -- -- 14:42:12 02/23/11
Order No. 7280895367 Direxion Shs Etf Tr Dly F... Entered:14:42:10 02/23/11 Reuse
Filled Buy to Cover 300 FAS Market 30.9099 -- -- 14:42:12 02/23/11
Order No. 7280895367 Direxion Shs Etf Tr Dly F... Entered:14:42:10 02/23/11
Filled Sell Short 900 FAS Market 30.9301 -- -- 14:23:50 02/23/11
Order No. 7280768024 Direxion Shs Etf Tr Dly F... Entered:14:23:46 02/23/11 Reuse
Filled Sell 900 FAS Market 30.9102 -- -- 14:21:52 02/23/11
Order No. 7280752454 Direxion Shs Etf Tr Dly F... Entered:14:21:51 02/23/11 Reuse
Filled Buy 900 FAS Market 30.5899 -- -- 13:55:03 02/23/11
Order No. 7280551110 Direxion Shs Etf Tr Dly F... Entered:13:55:00 02/23/11 Reuse
Filled Buy to Cover 800 FAS Market 30.5399 -- -- 13:51:44 02/23/11
Order No. 7280525177 Direxion Shs Etf Tr Dly F... Entered:13:51:42 02/23/11 Reuse
Filled Buy to Cover 100 FAS Market 30.53 -- -- 13:51:43 02/23/11
Order No. 7280525177 Direxion Shs Etf Tr Dly F... Entered:13:51:42 02/23/11
Filled Sell Short 900 FAS Market 30.2401 -- -- 13:35:50 02/23/11
Order No. 7280390941 Direxion Shs Etf Tr Dly F... Entered:13:35:48 02/23/11 Reuse
Filled Buy to Cover 900 FAS Market 30.2199 -- -- 12:55:50 02/23/11
Order No. 7280046502 Direxion Shs Etf Tr Dly F... Entered:12:55:49 02/23/11 Reuse
Filled Sell Short 900 FAS Market 30.2501 -- -- 12:48:39 02/23/11
Order No. 7279979868 Direxion Shs Etf Tr Dly F... Entered:12:48:36 02/23/11 Reuse
Filled Sell 900 FAS Market 30.3101 -- -- 12:22:47 02/23/11
Order No. 7279730375 Direxion Shs Etf Tr Dly F... Entered:12:22:45 02/23/11 Reuse
Filled Buy 900 FAS Market 30.2198 -- -- 12:20:34 02/23/11
Order No. 7279700800 Direxion Shs Etf Tr Dly F... Entered:12:20:32 02/23/11 Reuse
Filled Buy to Cover 900 FAS Market 30.51 -- -- 12:02:13 02/23/11
Order No. 7279462622 Direxion Shs Etf Tr Dly F... Entered:12:02:11 02/23/11 Reuse
Filled Sell Short 900 FAS Market 31.1301 -- -- 11:22:59 02/23/11
Order No. 7279079526 Direxion Shs Etf Tr Dly F... Entered:11:22:57 02/23/11 Reuse
Filled Sell 900 FAS Market 31.1401 -- -- 11:22:51 02/23/11
Order No. 7279078407 Direxion Shs Etf Tr Dly F... Entered:11:22:49 02/23/11 Reuse
Filled Buy 900 FAS Market 31.3299 -- -- 11:04:16 02/23/11
Order No. 7278914332 Direxion Shs Etf Tr Dly F... Entered:11:04:14 02/23/11 Reuse
Filled Buy to Cover 900 FAS Market 31.2899 -- -- 09:56:49 02/23/11
Order No. 7278114342 Direxion Shs Etf Tr Dly F... Entered:09:56:47 02/23/11 Reuse
Filled Sell Short 900 FAS Market 31.661 -- -- 09:47:37 02/23/11
Order No. 7277969444 Direxion Shs Etf Tr Dly F... Entered:09:47:35 02/23/11 Reuse
Filled Sell 300 FAS Market 31.9101 -- -- 09:38:01 02/23/11
Order No. 7277802586 Direxion Shs Etf Tr Dly F... Entered:09:37:59 02/23/11 Reuse
Filled Sell 100 FAS Market 31.9101 -- -- 09:38:01 02/23/11
Order No. 7277802586 Direxion Shs Etf Tr Dly F... Entered:09:37:59 02/23/11
Filled Sell 100 FAS Market 31.9101 -- -- 09:38:01 02/23/11
Order No. 7277802586 Direxion Shs Etf Tr Dly F... Entered:09:37:59 02/23/11
Filled Sell 100 FAS Market 31.9101 -- -- 09:38:01 02/23/11
Order No. 7277802586 Direxion Shs Etf Tr Dly F... Entered:09:37:59 02/23/11
Filled Sell 300 FAS Market 31.9101 -- -- 09:38:01 02/23/11
Order No. 7277802586 Direxion Shs Etf Tr Dly F... Entered:09:37:59 02/23/11
Filled Buy 200 FAS Market 31.579 -- -- 09:33:07 02/23/11
Order No. 7277701109 Direxion Shs Etf Tr Dly F... Entered:09:33:03 02/23/11 Reuse
Filled Buy 100 FAS Market 31.579 -- -- 09:33:07 02/23/11
Order No. 7277701109 Direxion Shs Etf Tr Dly F... Entered:09:33:03 02/23/11
Filled Buy 100 FAS Market 31.579 -- -- 09:33:07 02/23/11
Order No. 7277701109 Direxion Shs Etf Tr Dly F... Entered:09:33:03 02/23/11
Filled Buy 100 FAS Market 31.579 -- -- 09:33:07 02/23/11
Order No. 7277701109 Direxion Shs Etf Tr Dly F... Entered:09:33:03 02/23/11
Filled Buy 100 FAS Market 31.579 -- -- 09:33:07 02/23/11
Order No. 7277701109 Direxion Shs Etf Tr Dly F... Entered:09:33:03 02/23/11
Filled Buy 100 FAS Market 31.579 -- -- 09:33:07 02/23/11
Order No. 7277701109 Direxion Shs Etf Tr Dly F... Entered:09:33:03 02/23/11
Filled Buy 200 FAS Market 31.579 -- -- 09:33:07 02/23/11
Order No. 7277701109 Direxion Shs Etf Tr Dly F... Entered:09:33:03 02/23/11
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Post by kbk3ck on Feb 23, 2011 18:14:15 GMT -5
Good lord , I remember those days. Too much work for me now. LOL
Exalt/Karma for ya.
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Post by kbk3ck on Feb 23, 2011 18:15:06 GMT -5
That makes you 37 now rex. Going eat with my kids. |
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Post by rex on Feb 23, 2011 18:16:50 GMT -5
That makes you 37 now rex. Going eat with my kids. What's 37? |
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Post by drtracyb on Feb 23, 2011 18:19:35 GMT -5
Dunno if you know it or not but people w/ advanced rheumatoid arthritis put in mines w/ elevated levels of naturally occurring radiation their pain is reduced. Like the old surgeon's adage "All bleeding stops ....... eventually." |
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Post by papasloth on Feb 23, 2011 18:19:47 GMT -5
Boy, is sloop right about oil. I have a small car and it just cost me $42 to fill up the gas tank today. That's a new record for me.
In other news, sold some CLWR Mar 5 puts for 0.55/sh. My timing was good for the day, since I got in just before CLWR bounced a little.
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Post by novice08 on Feb 23, 2011 18:21:11 GMT -5
This is a little scary, actually got the bull/bear poll right! Of course my day was good with the usual suspects up except my pal and uec. slw has been a big blessing!
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seatoo
Commodities Trader
Posts: 168
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Post by seatoo on Feb 23, 2011 18:28:59 GMT -5
Bought HK at 20.36
Away for a week, hope all is well with everyone on all fronts.
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Post by timber on Feb 23, 2011 18:33:05 GMT -5
i feel like punching things again.....i think i will head the gym soon
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Post by kbk3ck on Feb 23, 2011 18:54:20 GMT -5
That makes you 37 now rex. Going eat with my kids. What's 37? Your numbers of Karmas. |
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Post by kbk3ck on Feb 23, 2011 18:57:20 GMT -5
Rex, 37 karmas.
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Post by brosin on Feb 23, 2011 19:12:39 GMT -5
FFR was level at .15% and remains in "deployment on risk" territory. Maybe now that everyone's lost faith in the FFR as an indicator, it will become relevant again? It staying level with further deterioration in the Middle East is a good sign for the bulls imo. I remain watchful of it. My FAZ unlost nicely - $9.02 is not all that far away anymore. But it is FAZ so I'm not getting my hopes up ;D... MNKD was fairly red. Put together a BTFD list last night - in the next few days, I will decide what prices to hope for on some of them in my IRA monopoly world big cap - saw its 2nd nice day in a row, acct +3%. What was -$700K in unrealized losses a few days ago is now -$400K in unrealized losses. Should that amount get above $0, I would be at a new account high by a good deal. Back beating the market handily by 25.5%.. a few moves Shorts: (new) SLW @ $40.67 & $40.25, now 2x short (add) ERX @ $85.50 / now 2x short avg $82.50 unrealized -2.8% (add) CHK @ $33.50 & $33.95 / now 5x short avg $31.46 unrealized -9.1% Buys: (to cover all) BKE @ $37.30 / +5.6% from yest (to cover) BIDU @ $114.25 / +6.9% from yest I remain 100% short |
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Post by exabi on Feb 23, 2011 19:15:39 GMT -5
Very tempted to buy my old standby PCX....I had penciled in a buy at 22.18 a couple of weeks ago....it hit a low of 22.06, and closed at 22.92.....didn't buy, will watch tomorrow, no trades.
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Post by rex on Feb 23, 2011 20:08:55 GMT -5
I do that about everyday. At 37 Karmas a day. I should have like...10,000+ karmas total! LOL Thanks kbk. I appriciate the karmas. |
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steel
Futures Trader
5th Place - Road to Opex 4
Posts: 370
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Post by steel on Feb 23, 2011 20:38:09 GMT -5
FFR was level at .15% and remains in "deployment on risk" territory. Maybe now that everyone's lost faith in the FFR as an indicator, it will become relevant again? It staying level with further deterioration in the Middle East is a good sign for the bulls imo. I remain watchful of it. My FAZ unlost nicely - $9.02 is not all that far away anymore. But it is FAZ so I'm not getting my hopes up ;D... MNKD was fairly red. Put together a BTFD list last night - in the next few days, I will decide what prices to hope for on some of them in my IRA monopoly world big cap - saw its 2nd nice day in a row, acct +3%. What was -$700K in unrealized losses a few days ago is now -$400K in unrealized losses. Should that amount get above $0, I would be at a new account high by a good deal. Back beating the market handily by 25.5%.. a few moves Shorts: (new) SLW @ $40.67 & $40.25, now 2x short (add) ERX @ $85.50 / now 2x short avg $82.50 unrealized -2.8% (add) CHK @ $33.50 & $33.95 / now 5x short avg $31.46 unrealized -9.1% Buys: (to cover all) BKE @ $37.30 / +5.6% from yest (to cover) BIDU @ $114.25 / +6.9% from yest I remain 100% short Brosin, hold on to your hat, FAZ is going to open higher than FAS tomorrow. I'll say over $40 |
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Post by benvestor on Feb 23, 2011 20:41:51 GMT -5
Holding 2 USO 39 calls. Dipping my foot in on this oil trade.. prob add tomorrow
Also still like silver here..
Anyone know if USO is just a scam like UNG?
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Post by timber on Feb 23, 2011 20:43:34 GMT -5
yes ben ....both scams.......hey uco up another ten percent again....wow 20 percent in two days
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