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Post by cosmic on Feb 25, 2010 16:18:31 GMT -5
Market surprise last night took futures way down. I added 2 /ES longs last night around 1095 area I believe. Was surprised we were still so far down. Slightly (very slightly) green on the trade. No changes today. Still hold the URE with covered calls in place. Most things were red today although URE held up very well and SPG did some squeezing. I still like the RIFIN pattern for a breakout so I'm still short FAZ. Hope everyone made some money today and will do so tomorrow. Regulars, please post your results and Exalt the person above you. Here's the RIFIN and Bond chart update:   |
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Post by Dualism on Feb 25, 2010 16:22:36 GMT -5
The overnight futures handed the ball to the bears in the morning. At around 1:45 the bears fumbled. The VIX pivoted sharply about 21.08, and the bulls picked up the ball for a touch down.
Bears should be forewarned again about the 19.59 level on the VIX. A break below that price point, short-squeeze will take place.
The day belongs to the bulls even though the indexes closed red. The overall market breadth across all US exchanges ended 3988 : 2909 in favor of the decliners.
Held all open option positions.
Traded SQNM for a nickel gain.
With the VIX closing lower by .85%, my account ended higher by 0.8%.
I am very confidently bullish for tomorrow.
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Post by timber on Feb 25, 2010 16:23:02 GMT -5
i did ok nothing great
bought and sold tna for a small gain once
bought and sold fslr once bought again holding this
and thats it tried to short faz but it went down too fast
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Post by ccash04 on Feb 25, 2010 16:29:38 GMT -5
Great day! Bought more BIDU 530 Calls to average down holdings. Feels like it has one more pop left in it maybe tomorrow morning it will hit 520-525 area. I will sell out of position and treat myself to a M&M sonic blast.
Sold my GS 155 puts this morning.
long PALM @ 6.55
Short BLK March 200 puts and long BLK March 230 calls
Hope it was a good day for all.
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Post by doglover on Feb 25, 2010 16:34:08 GMT -5
Bought drys .30 gain
Sold ERY 1.21 gain.
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Post by doglover on Feb 25, 2010 16:35:00 GMT -5
should have also said sold drys.
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Post by brosin on Feb 25, 2010 16:42:38 GMT -5
LOL @ Greece - like I said, I found today humorous at 9 am. Just an excuse anyways, but come on.
Chickenhead has appeared, the market and my APWR passed a nice test today, and Day 2 of Acctpwr has been a success! Missed on my bull call and my call this morning in my 'Greece Again? thread' that the market may finish green, but hey that was still a nice 100+ pt rally from the bloody open/first few ticks.
Holding all my shares into tomorrow and will try to sell a chunk of shares if we get to $14.37 and wait for another re-entry. Just to be clear, however, I will still always hold a core amount of shares (probably 25-50% of my current full position).
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Post by Rich on Feb 25, 2010 17:28:41 GMT -5
Finally sold those FAZ march calls, took a hit about 30%, approx. 8% of account. It could have been worse. In fact it was worse yesterday.
Today was a gift to me.
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Post by ask2lern on Feb 25, 2010 17:37:42 GMT -5
A pretty active day for me.........I sold 150 SPY 110 Puts (in @ 1.90 Out @ 2.75)....yipeeeee.............bought 20 FSLR 105 Calls @ 3.71 avg that I am holding for the moment...........Bought 1K MOT @ 6.80 holding..............Short 1K GPS @ 20.40 (Seems my AH shorts in the last few weeks have announced a share buyback and a divy increase) possible I am a good contrarian indicator on these.....LOL........Bought 50 SPY 110 Calls @ 2.06 avg.........I am bullish for the moment....................shared some Karma.......got smited again  ...................posted a funny photo on the Farmcity thread..............live to trade another day.........GLTA |
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Post by trading4dough on Feb 25, 2010 17:46:28 GMT -5
Short EDZ 10,000 6.01 60,100.00
Short FAZ 15,000 18.59 278,850.00
Short DRV 10,000 12.65 126,500.00
Short ERY 8,000 12.06 96,480.00
Buy MVIS 10,000 2.20 22,000.00
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Post by Rich on Feb 25, 2010 17:52:51 GMT -5
Short EDZ 10,000 6.01 60,100.00 Short FAZ 15,000 18.59 278,850.00 Short DRV 10,000 12.65 126,500.00 Short ERY 8,000 12.06 96,480.00 Buy MVIS 10,000 2.20 22,000.00 Nice call today, Mr. Dough. |
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Post by elle on Feb 25, 2010 17:53:37 GMT -5
I exalt and bow to you, T4D, you had the better call.
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Post by puurfectten on Feb 25, 2010 17:55:58 GMT -5
lol..watched the snow today..  ..knew someone was gonna get it.."greek style"....but who.....let's see tomorrow.....bloodbath  ..or to da moon(tm).... |
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Post by exabi on Feb 25, 2010 18:41:14 GMT -5
Missed a buy on DRN on the early drop by .11, surprised at our fav PCX, did not buy in...still waiting for some mine news....may miss out on this swing.
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Post by tajmahal9898 on Feb 25, 2010 18:45:41 GMT -5
closed MU short overnight position at 8.72 (partial fill) and 8.84 for ~15K
then went long MU at 8.85 and closed out at 9.05 for 10K
short FAS/AA puts recovered towards the end of the day. actually positive on unrealized gains due to AA..
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Post by trading4dough on Feb 25, 2010 19:00:15 GMT -5
Hi Elle I didnt anticipate the pressure to be quite that strong Was thinking am around 1095 So I had a  Then  Held my nose and added to the Bear shorts So hopefully the next 4-5 days are clean XLF $15.40 SPX 1150 Thks RC |
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Post by kryptos2009 on Feb 25, 2010 19:08:04 GMT -5
2 Trades today: 1st a follow thru from yesterday: 02/24/2010 Bought 10 FEW Mar 20 2010 18.0 Call @ 1.15 02/25/2010 Sold 10 FEW Mar 20 2010 18.0 Call @ 1.5 26.58% gain 2nd scalp for today 02/25/2010 Bought 10 FOS Mar 20 2010 75.0 Call @ 2.85 02/25/2010 Sold 10 FOS Mar 20 2010 75.0 Call @ 3.35 16.12% gain As usual I didn't get in at the low or hold for the top but took a chunk out of the middle. Put some money in my pocket rather than giving it to the gods of the market. So, all in all, a good day for me!! Starting to think I might actually have a clue...... Hope everyone made some money today and will do so tomorrow. Regulars, please post your results and Exalt the person above you. Exalted as requested. |
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Post by torrentio1 on Feb 25, 2010 19:35:51 GMT -5
I saw a bullish market recovery portfolio up session today... Again, it was very good to see VIX close below 21 and the Transports strongly recover; again closing well above the 4055.00ish level... YES --this market is going higher... Looking long term with a bullish bias still set and indicator room for upside I still expect to see SPX Daily hit at minimum the 1132.00ish level; however, considering all, feel we may consolidate some here until the 50 Day SMA on SPX is taken out... Looking short term at consolidation and trend reversal bottoming I see a possible inverted head and shoulders pattern setting up on SPX Hourly... IF this formation plays out THEN the calculated target from breakout for SPX would be the 1180.00ish level... Hope all did well. ;D |
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Post by jack on Feb 25, 2010 20:17:29 GMT -5
LOL @ Greece - like I said, I found today humorous at 9 am. Just an excuse anyways, but come on. Chickenhead has appeared, the market and my APWR passed a nice test today, and Day 2 of Acctpwr has been a success! Missed on my bull call and my call this morning in my 'Greece Again? thread' that the market may finish green, but hey that was still a nice 100+ pt rally from the bloody open/first few ticks. Holding all my shares into tomorrow and will try to sell a chunk of shares if we get to $14.37 and wait for another re-entry. Just to be clear, however, I will still always hold a core amount of shares (probably 25-50% of my current full position). Bros, I looked high and low in the APWR string and can't eyeball the Do's&Don'ts or an adequate Ship's 5-10% description. Anything you can do in this regard and get that stuff into FME's STICKY on trading Strategies would be great. Thanks Jack |
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Post by sloop on Feb 25, 2010 21:58:01 GMT -5
holding strong BBY, WFT, sold AMZN before open at 118
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Post by jack on Feb 25, 2010 22:08:47 GMT -5
Good lookin' flag there Sloop +1 on the karma scale LOL!!!
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Post by brosin on Feb 25, 2010 22:10:58 GMT -5
LOL @ Greece - like I said, I found today humorous at 9 am. Just an excuse anyways, but come on. Chickenhead has appeared, the market and my APWR passed a nice test today, and Day 2 of Acctpwr has been a success! Missed on my bull call and my call this morning in my 'Greece Again? thread' that the market may finish green, but hey that was still a nice 100+ pt rally from the bloody open/first few ticks. Holding all my shares into tomorrow and will try to sell a chunk of shares if we get to $14.37 and wait for another re-entry. Just to be clear, however, I will still always hold a core amount of shares (probably 25-50% of my current full position). Bros, I looked high and low in the APWR string and can't eyeball the Do's&Don'ts or an adequate Ship's 5-10% description. Anything you can do in this regard and get that stuff into FME's STICKY on trading Strategies would be great. Thanks Jack Hey Jack. Yeah sorry about that. I now realize the benefits to having more than just one thread that takes 10 pages to sift through. My APWR do's and don'ts thread can't be found because I haven't done it yet. Didn't think I would be able to get to it tonight, but I'm already back from night out so I am going to put something together here shortly. Gonna post it in the Trader's section. I believe Ship mentioned that he would give a more detailed description at a later time, but here's a few things he said: "5% down from the open is 12.60 - normal range for APWR. Setting up trades premarket, I have been using 5% down and up from the previous close along with the support resistance. We know they try to take us down whenever they can. So we can dip lower and higher than support and resistance on this stock, just because of the manipulation. I always figure out -5, -7, -10% before the open as possible targets because of the manipulation. " " This basically ties into your do/don't "on the open." This has worked great, if you setup your trades premarket, watch for news at the last minute, and get the market pulse, you can determine your 5-10% starting trade and modify accordingly . If unsure, use 10% instead of 5 and watch the open. Makes sense." "The plus minus 5 to 10% method, can also be used on the plus side. When I use it to determine a sell target on my swing shares, I will either sell all of my swing shares and be done. Or...... in the case of my Roth IRA, I sell a handful of core shares and buy back at a lower price for slightly more shares than I sold. Thus Accumulating free shares of APWR. This a strategy to build your position or take advantage of a move up when you don't have any swing position established. If the APWR trend is up, I am not out of those core shares for long, 20-40 cent window. plus 5% target today is 13.92, 10% is 14.58 - compare and adjust according to established resistance levels. " "13.73 close Tomorrow to watch aside from support/resistance Minus 5% is 13.04 - (right at my long term trendline). Plus 5% is 14.41 Watch the news before the open. We have news and all percentage trades are off. We get positive news and it will typically run for 1+ days." |
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Post by alphacpa on Feb 25, 2010 22:22:47 GMT -5
Purchased 13,200 shares MVIS at 2.21 avg. Holding 98,796 at 2.36 avg. GL all on Friday.
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Post by jack on Feb 25, 2010 22:33:26 GMT -5
100K shrs MVIS!!!!
I'll take a scientific wild-assed guess and say that your're prolly NOT one of those guys who believe in "half measures!!!!"
LOL!!!
;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D
GLTY & me!
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Post by brosin on Feb 25, 2010 22:37:15 GMT -5
Haha I know right? My 1000 shares of APWR feels like a TON of money to me  |
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Post by kbk3ck on Feb 25, 2010 22:38:19 GMT -5
Didnt do anything but look at stock prices 4 times on my cell phone. Posted one time on here from the cell. Just worked my butt off and wished I coulda made some money trading stocks. Off work Friday. Looking to buy in in the PM on something and ride it till 10AM Eastern Time. Then reverse feild for an hour. Ring the register again. Then switch sides again and ride the wave for a few hours and sell out again. Then take Kims car to put a new set of tires on it. Whats yalls Fav brand of tires and why?
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Post by commodityypro on Feb 25, 2010 22:47:00 GMT -5
A pretty active day for me.........I sold 150 SPY 110 Puts (in @ 1.90 Out @ 2.75)....yipeeeee.............bought 20 FSLR 105 Calls @ 3.71 avg that I am holding for the moment...........Bought 1K MOT @ 6.80 holding..............Short 1K GPS @ 20.40 (Seems my AH shorts in the last few weeks have announced a share buyback and a divy increase) possible I am a good contrarian indicator on these.....LOL........Bought 50 SPY 110 Calls @ 2.06 avg.........I am bullish for the moment....................shared some Karma.......got smited again ...................posted a funny photo on the Farmcity thread..............live to trade another day.........GLTA I exalt your nice SPY puts trade. Nice job Ask.. Kudos to Kryptos too, nice trading dude! |
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Post by alphacpa on Feb 25, 2010 23:08:35 GMT -5
So true Jack regarding risk taking and it really does carry over to all aspects of my life.
Brosin you may make more money on those 1,000 shares of APWR than I do with MVIS. GL bud.
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Post by kryptos2009 on Feb 26, 2010 0:33:00 GMT -5
Kudos to Kryptos too, nice trading dude! Thanks, The PP #'s have really helped. |
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Post by kryptos2009 on Feb 26, 2010 0:42:56 GMT -5
Bros, I looked high and low in the APWR string and can't eyeball the Do's&Don'ts or an adequate Ship's 5-10% description. Anything you can do in this regard and get that stuff into FME's STICKY on trading Strategies would be great. Thanks Jack Hey Jack. Yeah sorry about that. I now realize the benefits to having more than just one thread that takes 10 pages to sift through. My APWR do's and don'ts thread can't be found because I haven't done it yet. Didn't think I would be able to get to it tonight, but I'm already back from night out so I am going to put something together here shortly. Gonna post it in the Trader's section. I believe Ship mentioned that he would give a more detailed description at a later time, but here's a few things he said: "5% down from the open is 12.60 - normal range for APWR. Setting up trades premarket, I have been using 5% down and up from the previous close along with the support resistance. We know they try to take us down whenever they can. So we can dip lower and higher than support and resistance on this stock, just because of the manipulation. I always figure out -5, -7, -10% before the open as possible targets because of the manipulation. " " This basically ties into your do/don't "on the open." This has worked great, if you setup your trades premarket, watch for news at the last minute, and get the market pulse, you can determine your 5-10% starting trade and modify accordingly . If unsure, use 10% instead of 5 and watch the open. Makes sense." "The plus minus 5 to 10% method, can also be used on the plus side. When I use it to determine a sell target on my swing shares, I will either sell all of my swing shares and be done. Or...... in the case of my Roth IRA, I sell a handful of core shares and buy back at a lower price for slightly more shares than I sold. Thus Accumulating free shares of APWR. This a strategy to build your position or take advantage of a move up when you don't have any swing position established. If the APWR trend is up, I am not out of those core shares for long, 20-40 cent window. plus 5% target today is 13.92, 10% is 14.58 - compare and adjust according to established resistance levels. " "13.73 close Tomorrow to watch aside from support/resistance Minus 5% is 13.04 - (right at my long term trendline). Plus 5% is 14.41 Watch the news before the open. We have news and all percentage trades are off. We get positive news and it will typically run for 1+ days." Do we need to create a "sticky" in FME for this topic? |
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...................posted a funny photo on the Farmcity thread..............live to trade another day.........GLTA
..knew someone was gonna get it.."greek style"....but who.....let's see tomorrow.....bloodbath 
..or to da moon(tm)....
