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Post by cosmic on Feb 26, 2010 16:07:08 GMT -5
Voted bull but we got baby bull with lots of strong consolidation for long positions. I bet Dual will say the breadth is looking pretty good. However, in keeping with the technical trade, since we hit the oval on the chart, here: I sold FAZ puts to hedge my FAZ short position which was opened at RIFIN 761 area. No other changes to position today. Hope you all found the charts helpful during our journey ;D Hope everyone made some money today and will do so on Monday. Regulars, please post your results and Karma up the person who posted before you.
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Post by brosin on Feb 26, 2010 16:14:24 GMT -5
Slow down day for APWR, very light volume. Holding all into next week.
My daily production is through the roof today though! LOL
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Post by drtracyb on Feb 26, 2010 16:18:54 GMT -5
My daily production is through the roof today though! LOL Production of what?
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Post by tajmahal9898 on Feb 26, 2010 16:20:14 GMT -5
Made some name for myself on the MU board, have a little bit of following there - .. Prompted Fastopia over there and I see few MU members have already joined here.. Now, we need show our real value to the new visitors.. No Major trading today - chickened out on DECK trade for couple of hundred dollars.. Got in when the stock was already up 13% FAS short puts are up today, so unrealized profit of 10K.. I missed MU closing price by 1 cent (said 9.05, closed at 9.06) - you guys need to teach me better. messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_M/threadview?m=te&bn=12140&tid=293389&mid=293389&tof=1&frt=1#293389
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Post by timber on Feb 26, 2010 16:20:32 GMT -5
crap day nothing worked damn
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Post by timber on Feb 26, 2010 16:22:05 GMT -5
well my faz short did ok but thats it
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Post by ask2lern on Feb 26, 2010 16:25:50 GMT -5
Not much trading for me.....averaged into some more PALM......did sell 10 of my FSLR 105 calls and added to my SPY 110 Call position............................. had a fun week and hope you all have a good weekend........I like the new board............5 Exalts for cos.................live to trade another day..................GLTA
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Post by Dualism on Feb 26, 2010 16:28:22 GMT -5
The super bullish action was rejected as T-bond futures, the culprit, was mopping up most of the free cash. It closed ½ point higher at under 119.
The breadth across all US exchanges closed in favor of the advancers by 3702 : 2899.
Opened SQNM Mar 6 puts for .34 and Mar 7 calls for .39 Traded SQNM for 8 cents gain.
The VIX closed lower 3%, and my account closed higher 0.4%.
Remain bullish for Monday.
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Post by brosin on Feb 26, 2010 16:28:48 GMT -5
My daily production is through the roof today though! LOL Production of what? Annuities. My work.
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Post by timber on Feb 26, 2010 16:32:09 GMT -5
im so pissed at myself
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Post by ask2lern on Feb 26, 2010 16:32:10 GMT -5
Not much trading for me.....averaged into some more PALM......did sell 10 of my FSLR 105 calls and added to my SPY 110 Call position............................. had a fun week and hope you all have a good weekend........I like the new board............5 Exalts for cos.................live to trade another day..................GLTA Also added to my GPS short..............will see how that works out huh.......................GLTA
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Post by doglover on Feb 26, 2010 16:39:33 GMT -5
Added palm down .11c
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Post by trading4dough on Feb 26, 2010 16:43:01 GMT -5
covered drv +4.6% covered edz +4.5% covered ery +4.9% covered faz +5.9% sold fas +6.0% sold tna +2.6%
Up $67k (had I moved 5 min earlier would have been lots better)
Bought 30k faz @ $17.59 avg
I have a bad feeling for early monday for some reason and need a hedge
So now the market can gap up cause I lose 75% of the time I buy faz
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Post by ccash04 on Feb 26, 2010 16:46:45 GMT -5
Sold all my BIDU 530 calls
Bought/Sold 10k of VSTNQ for a 70% gain, a thank you to CH for that one.
A fantastic day and having a delicious M&M sonic blast to wrap it up!
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Post by tajmahal9898 on Feb 26, 2010 17:04:10 GMT -5
covered drv +4.6% covered edz +4.5% covered ery +4.9% covered faz +5.9% sold fas +6.0% sold tna +2.6% Up $67k (had I moved 5 min earlier would have been lots better) Bought 30k faz @ $17.59 avg I have a bad feeling for early monday for some reason and need a hedge So now the market can gap up cause I lose 75% of the time I buy faz Well done T4D
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Post by torrentio1 on Feb 26, 2010 17:18:24 GMT -5
I saw a market up portfolio up session.
Hope all did well.
;D
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Post by trading4dough on Feb 26, 2010 17:23:03 GMT -5
Tks Taj
Good calls on the MU
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Post by sloop on Feb 26, 2010 17:23:42 GMT -5
Had a good day . was done by 8:30 Pacific time. made a few quick trades for about 1.5K. Market looked weak so I closed up shop and took Nicholas out for lunch and the park.
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Feb 26, 2010 17:23:59 GMT -5
Got my Bear call wrong last night. Bought FAZ puts today to hedge my FAZ position. I suspect Monday (and possibly Tuesday) will be up huge (1st day of the month, and its a Monday - lots of new money in 401Ks and hedgefunds being put to work).
Have a great weekend everyone.
sowolf-
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Post by benvestor on Feb 26, 2010 17:26:14 GMT -5
Finally Sold my C swing for 6.5% gain. I will buy it again around 3.15 or so.
Holding all other previous positions, APWR, NETL, MVIS, DDSS, ZLC-uggg, TYH.. Surprisingly though, up for the day.
Will add to these positions when they reach near bottom, hopefully soon! I play the waiting game now.
I have a similar feeling about Monday as t4d, Mondays have not been good lately, and looks like the health care bill might cause some negative stirring in the near future..
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Post by kryptos2009 on Feb 26, 2010 17:38:09 GMT -5
No trades today. Had a buy/limit in for FAS calls that never hit. Pondering picking up some FAS in AH..... Was busy at work today so not much time to check in on things. What I have seen/read today shows me that we are building a strong dedicated community here in FAStopia. I want to thank all the regulars for all the excellent posts here and elsewhere on the forums. To our newer members Welcome Aboard!! Don't hesitate to join in. GLTA & Have a Great Weekend!!!!
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Post by jack on Feb 26, 2010 17:49:29 GMT -5
Throwing a Exalt atcha kryp for herding the bunch of cats in absentia! LOL!!!
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Post by kryptos2009 on Feb 26, 2010 17:54:20 GMT -5
Thanks Jack
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oldcicer
Margin Account Trader
Posts: 41
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Post by oldcicer on Feb 26, 2010 18:37:09 GMT -5
Had a GREAT day Office closed due to the snow in Jersey and After many losing days learning to day trade ,, had two up days !! Of course does not make up for the BAD BAD days TRaded FSLR, LVS and FAS for a great profit.. lost on TSL .. and am now holding some Will look to buy some FAZ on Monday if it breaks 17 as a hedge for my LVS.. I have no idea on why but when the FINS go down ,, usually LVS follows After trading posts half the night on LVS ... TEF is I think now convinced finally that I am NOT COSMOS and we have called a truce .... by the way Cosmo's ... I don't think she like you - Do not know what ever happened to VIX??? He was right on the day trade thing ... have now scaled back my buys to a more tolerable level until I learn a wee bit more And did not like that FAZ had a big buy at EOD and FAS sold off .... never paid attention before .. is that a normal event ?
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Post by exabi on Feb 26, 2010 18:39:44 GMT -5
Bought 1k RICK @15.05. In the unforgettable words or kbk, I was a "nutless chicken pussy" for not buying a few days ago in the 11's. Up around 3% today, and think it has $1-2 or more in the run.
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Post by commodityypro on Feb 26, 2010 18:52:15 GMT -5
T4 nice trading. $32K FAZ? I thought that FAZ was going to make a new low next week. Your confusing me now bud.
Only action was a FAZ short order that filled at $17.85, I'm now hedged again on my FAS short which I losing patience on.
Have a great weekend!
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Post by Rich on Feb 26, 2010 18:55:23 GMT -5
No trades, basically just screwing around today, playing in the snow.
Market was just boring.
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Post by trading4dough on Feb 26, 2010 19:51:58 GMT -5
Comm
I have a bad feeling for early monday
Its a hedge and a trade I will exit monday...........probably early if the market is down
The last 2x I didnt act
30k x 17.59
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Post by DaveContrarian on Feb 26, 2010 19:57:04 GMT -5
All the stocks I purchased during the previous "correction" (DJIA to 10,000) is now making money ...
Hoping the market goes just a bit higher, so I can sell some ...
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Post by trading4dough on Feb 26, 2010 20:01:20 GMT -5
What are you in Dave?
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