Cosmic's MarketPlace Wrap - 1/3/2011

[cosmic]

Still holding a few RCL puts on a very green market day. Spirits must have been bright at the Banker Family Xmas... Toys and Yale educations for all!

My long stuff gained and my short stuff languished but not too badly. I also opened a Feb straddle on ISPH using the 2.5 puts and 5 calls. Looking for a move either way.

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

[timber]

covered tza short premarket\
sold cyou...thanks brosin

buy lvs sold lvs

sold dbs

sold short tza
covered tza short

and finally bought some call options on ung to offset my short on it


maxie wanted me to post all my trades for the day

[demanuel2001]

Well we came ouit of the gates fast and I got all excited. So of course I got whipsawed when LVS managed to close down on the day. Still pretty much everything else went up. Sold my MCP position for a nice gain and hope to get back into it on a relapse. Overall, not as good as I'd hoped up about 3/4% for the aggregate portfolio.

[Rich]

I bought and sold FAS weekly calls for a tidy sum.

thank you very much.

[rockbo77om]

Still have my MGM Mar 15.00 calls, will hold through earnings. Accumulation of MGM in December at avg $12.60 was my personal best play of 2010

C got me tingling, happy to see it clear $4.85 with volume. It's now my largest hold. A bit early to say, but $5.43 here we come!!

Got stupid and day traded SHZ, thought I saw a pop like I did with MBI... got wrist slapped. It felt good ;D

[tajmahal9898]

Good start of the year, could have been better had LVS behaved..

Sold a large CSCO position that I have been holding for 6 weeks, wrote weekly calls for all weeks except last one.. sold for decent five figure realized profit on day 1.

LVS disappointed me, I was so close to writing 48 covered calls for 70 cents but then i hesitated.. was expecting more,. now need to manage this naked stock position..

Overall portfolio up > 1%.. I am good for a week

[demanuel2001]

Tell me about it Taj - I was a couple of ticks away from buying back my 48 weekly puts.

[jn1520]

Haven't traded much these days, but wanted to check in...Holiday hangover if you will. Holding major position with ACTC and also hold a position in SNSS...Have been in and out of bios during the last month.

I've been out of the blue chips and financials, but WOW look FAS these days! Just when i think I should play FAZ, the rally just keeps chugging. Still on sidelines with this.

2011 is going to be a good year! GLTA!

[Rothschild]

Man, after of weeks of solid gains, I got whacked today! The day started with a staggering 51% loss in Isph; then I jumped long @ 3.50s and I am prepared to buy more on cash only. Funny part is my new years resolution was to REDUCE risk and I never got a chance to fulfull it. My other stuff was rockin today.

Gang, Isph is a real gem and some very famous big shots have positons in the 4s; placing a stop @ 2.89 presents a compelling buy. It is a real speculative biotech play but with high risk can come high reward

Hope everyone did great today and will continue to do so ad infinitum ;D

[seatoo]

Bought LLEN on Friday. Took a hit when Herb Greenberg gave it a good bashing it on CNBC. Still looks strong though, expecting it to recover quickly.

Went long on a few of uranium plays, URZ, URG and URRE. They seem to have some room to move, even with their recent gains. Thinking the PM stocks are weakening, maybe some rotation going out from there into the REEs, and the U stocks.

Holding UNG and HERO, both looking good, HERO looking better. Starting to get spooked by all the negatory comments about UNG, will stay alert for an exit point.

Holding a token amount of MVIS, it looks good too.

[brosin]

Hadn't gotten a chance to post in the last couple sessions, and I was inactive for the most part.

Real Life

No (meaningful) FFR today due to QEnd

My FAZ position took a nice little whack over the head as it gapped well below my mental stop; I took no action on it. Luckily it is only a small position relative to what my FAS would have been... since I am obviously kicking myself for having sold FAS under $27.

The best news for me to close out the year was my IRA closing at a YTD high on the final day, +16.45% in 2010, beating the market by about 7% when all was said and done. That last 3 months of the year was mighty nice of the Bernank and Co; my account was doing terribly up to that point. A few disappointments in APWR, CYOU, and V, but the other 14 did well

Monopoly World / real time entries tracked in blog - first 2 accounts started 9/7/10, third (options) acct started 9/17/10; all did better than I had ever hoped and I learned some valuable lessons

Big Cap - YTD made 68.61% beating mkt by 54.03% (currently with a margin call overnight

scalp trades account made 52.8% YTD but is well off its highs with my current FAZ holding in there that has gone way away from the initial strategy that did so well off the bat (FAZ currently -17% unrealized -- trapped position)

options account was a wild ride. Technically it made 367% in 2010 since I moved $500K out of it on 11/30 into my Big Cap account near my peak account value (started w/ $150K)... when I moved the $500K out, I had $600K left... I now have $118K left incl my current unrealized SPY $126 put position (-64%) - so basically... I have gotten my butt handed to me after way too fast a start, but I kind of saw it coming so for the most part steered clear; plus I got my toes in the options game, so it has been a large success.

Takeaways for the year were how much money can be made or lost in options, how well a scalp trading strategy can work (when actually done ), and how well avg'g down and 'taking what the market gives you' works, especially because it takes a lot out of the decision making process that way