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Post by cosmic on Feb 23, 2010 16:12:14 GMT -5
I said baby bull for today and missed by a mile. Ah well. Market action decidedly down on some morning numbers - whether an excuse or technical drop who knows. Bond action shows there could still be a little more downside. I added some FAZ short today in preparation for shorting some puts. Also added some IMGG at .58. Still holding URE position with covered calls sold as a hedge. Cos's Farmville had a bumper crop of strawberries. Hope everyone made some money today and will do so tomorrow. Regulars, please post your results and smiley yourself ;D Final RIFIN and bond chart for today:   (11/6/10: Cosmic, I modified the date here - it showed "2/3/10" at first) |
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Post by tajmahal9898 on Feb 23, 2010 16:15:57 GMT -5
realized profit of 7 K .. could have got another 5K on MU -- sold early..
unrealized loss of 47K
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Post by Dualism on Feb 23, 2010 16:22:19 GMT -5
The market was in need of a pullback and how conveniently it is concident with the poor consumer confident numbers.
The T-bond futures freaked. It shot up to 118 and closed just below that level.
The VIX popped early in the session and pulsed sideway most of the session.
Like VIX, the A/D popped and trended sideway; it closed 5 : 2.2 in favor of the decliners.
Opened FAZ Apr 21 and 20 calls.
Closed 1/6 position in FAS Mar 70 calls for 6.40.
Added to FAS Mar 65 puts for 2.25.
Opened URE Mar 6 puts for .12.
With VIX up 7.2%, gave back 2.3% on the day.
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Post by doglover on Feb 23, 2010 16:23:37 GMT -5
sold my remaining RDN too early at 9.35 for a nice profit. No other sells.
Added BRCD down .01 added HK at 21.Not sure what oil will do tomorrow so still keeping ERY .for now..up .76.
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Post by sloop on Feb 23, 2010 16:34:33 GMT -5
shorted sle and cpb covered sle...i dont trust her! still holding cpb will cover tommorow. still holding apwr.
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Post by ask2lern on Feb 23, 2010 16:37:27 GMT -5
Finished getting caught up at the office.......played around on the computer.............added to my March SPY 112 Calls now at 200 contracts @ 1.17 avg...............added to my AIB position........I five starred cos's thread on the dead board........and repented for all my accidental smites by exalting the recipients of my error smites.......also shared some love on karma........live to trade another day....................GLTA
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Post by brosin on Feb 23, 2010 16:41:24 GMT -5
Baby bear was not enough - I should've been a grizzly. Will be a bull for tomorrow.
A suggestion (that I had already considered in the past) was made to me by a friend in that I should trade APWR exclusively and not worry about trading other stocks as well.
I'm going to give it a try. Sold my SQNM (.18/3% loss) and UNG (.30/3% loss) and purchased more APWR at $13.37, $13.51, and $13.55 - that late day squeeze was interesting. Light volume today relatively for APWR, so it tells me that shorts were not covering in any sizeable way (except for that one pop late day).
Think the market is either at or near the bottom for this small correction. From here I think we continue the climb for SPX 1200. Might see some weakness tomorrow early on, in which case that should be the bottom.
Holding APWR/IMGG/MSBT. Watching IMGG for a potential re-entry for a full position (about 10x what I own now) as I can try to gain back my realized (but Wash Sale capable) losses after I sold at .66.
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Post by trading4dough on Feb 23, 2010 16:52:50 GMT -5
Added 20k mvis at $2.22- My plan is to buy up the entire float and they put them all up 4 sale once i got em all between $6-12  Back in the eft's today 2k fas @ 71.70 2k fas @ 70.86 4k tna @ 42.56 30k edz @ 5.77 (short) 15k drv @ 12.73 (short) held all longs |
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Post by torrentio1 on Feb 23, 2010 16:59:41 GMT -5
Saw a market down portfolio down day. Markets consolidate -nothing to write home about... Hope all did well.  |
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shah
Futures Trader
Posts: 351
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Post by shah on Feb 23, 2010 17:04:23 GMT -5
T4D,
If I understand well, you plan to buy 77,000 shares out, and when there is no more to buy, you'll offer them for sale at $6 to $12?
Still learning, thanks!
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Post by commodityypro on Feb 23, 2010 17:08:11 GMT -5
Torrentio - Aren't you having iggy withdrawals yet? lol Do yo ustill go over to Yahoo board every once in awhile to make sure you haven't lost your iggy skills?lol
Covered my FAZ short this morning for a decent gain and now riding my FAS shorts, hedgeless I might add, besides my BAC and TBT positions. Picked up some March 1065 Gold puts as well today. Trend will be down the rest of the week. FAS back into the $60's.
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Post by brosin on Feb 23, 2010 17:27:55 GMT -5
Trend will be down the rest of the week. FAS back into the $60's. I smell a $bb bet!  How would you like word this? |
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Post by torrentio1 on Feb 23, 2010 17:33:27 GMT -5
Torrentio - Aren't you having iggy withdrawals yet? lol Do yo ustill go over to Yahoo board every once in awhile to make sure you haven't lost your iggy skills?lol No withdrawals. I still visit yahoo boards and in fact removed a couple from ignore status today... |
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Post by exabi on Feb 23, 2010 18:45:32 GMT -5
Bruised up and a few scrapes. Sold PCX for a slight profit.....see some more drop on it due to temporary closure of mine news. No other trades. Surprised at the strength of CRE.
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Post by commodityypro on Feb 23, 2010 18:46:11 GMT -5
Torrentio - No you didn't!! lol
Brosin - $1 Bernake Buck bet that FAS closes below $70 by end of week?
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Post by alphacpa on Feb 23, 2010 19:30:27 GMT -5
Purchased 2200 shares MVIS on downdraft today at 2.25 in RIRA (missed the low while meeting with FDIC examiner- what fun). Holding 85196 shares MVIS avg 2.386 and 1900 LVS shares. Not real inclined to purchase any more stock right now except for FAS and Citi which are tempting me tonight. GL all.
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Post by brosin on Feb 23, 2010 19:42:53 GMT -5
Torrentio - No you didn't!! lol Brosin - $1 Bernake Buck bet that FAS closes below $70 by end of week? You're on my friend. |
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Post by Rich on Feb 23, 2010 19:56:35 GMT -5
Still holding FAZ calls. May lose them in the morning, depending on the action. Speaking of which, it looked weak towards the end of day.
Carry over into tomorrow? Maybe.
If not, I will take a long position and let the channel play out.
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Post by brosin on Feb 23, 2010 19:57:12 GMT -5
Torrentio - No you didn't!! lol Brosin - $1 Bernake Buck bet that FAS closes below $70 by end of week? You're on my friend. Actually, sorry dude, don't mean to take it back. Was just adding it to the "showdown" thread, and realized you didn't word it how I thought. I would bet that FAS doesn't close below $70 AT the end of the week (Fri close), but I won't bet that it doesn't close below $70 any of the days this week. Mainly because I'm not more than 50/50 sure that it'll close over $70 tomorrow. Would you change the bet to say that FAS closes below 70 *at* the end of the week? |
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Post by commodityypro on Feb 23, 2010 20:07:29 GMT -5
Brosin - If FAS closes below $70 anyday from tomorrow thru Friday close.. What are you chicken now? lol
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Post by brosin on Feb 23, 2010 20:11:22 GMT -5
Brosin - If FAS closes below $70 anyday from tomorrow thru Friday close.. What are you chicken now? lol ;D You're not going to goad me into this. $1.37 is only 2%. That'd be a terrible bet! I definitely think FAS will go under $70 tomorrow. It's all a matter of whether it will close there. I'm betting on a reversal to green on everything by EOD. I don't, however, think FAS will close anywhere near $69.99 or lower Thursday or Friday. So - compromise - let's make that the bet? |
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Post by kryptos2009 on Feb 23, 2010 20:14:32 GMT -5
Holding 200 FAS
Added 10 FOS Mar 20 2010 75.0 Calls @ 3.25
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Post by kess on Feb 23, 2010 20:39:54 GMT -5
"All things related to the internal workings of FAStopia are first thought by the Commish" Now that's downright creepy. Especially since Sanjay hasn't been around in ages. Don't like it. Not one bit.  |
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Post by brosin on Feb 23, 2010 21:04:23 GMT -5
"All things related to the internal workings of FAStopia are first thought by the Commish" Now that's downright creepy. Especially since Sanjay hasn't been around in ages. Don't like it. Not one bit. Well, there are a bunch of people who still make sure he's alive (and serving his Fastopians) from time to time. I've spoken to him occasionally. |
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Post by kess on Feb 23, 2010 21:08:17 GMT -5
"All things related to the internal workings of FAStopia are first thought by the Commish" Now that's downright creepy. Especially since Sanjay hasn't been around in ages. Don't like it. Not one bit. Well, there are a bunch of people who still make sure he's alive (and serving his Fastopians) from time to time. I've spoken to him occasionally. well, whoever smut me can bite me. sorry if the thought of a  great and powerful Oz creeps me out. |
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Post by Rich on Feb 23, 2010 21:12:50 GMT -5
It would be nice to hear from Sanjay. Does he ever plan to come back from his prolific military campaign?
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Feb 23, 2010 21:20:08 GMT -5
Sold DRV (which I bought yesterday) for a slight profit. Bought more FAZ today. Holding FAZ and cash and that is all of the trades for the day.
Good luck everyone,
sowolf-
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Post by brosin on Feb 23, 2010 21:32:21 GMT -5
Well, there are a bunch of people who still make sure he's alive (and serving his Fastopians) from time to time. I've spoken to him occasionally. well, whoever smut me can bite me. sorry if the thought of a great and powerful Oz creeps me out. LOL sorry I didn't put that "Well" there for any reason in particular and it wasn't me who spited you. I'm a Kess fan |
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Post by brosin on Feb 23, 2010 21:34:14 GMT -5
It would be nice to hear from Sanjay. Does he ever plan to come back from his prolific military campaign? I hope so. It's been some weeks since I've heard from him, but I'll try to get a hold of him while I'm thinking about it. |
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Post by cosmic on Feb 23, 2010 21:38:23 GMT -5
I spoke with Sanjay Friday and Sunday. He is fine.
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great and powerful Oz creeps me out. 