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Post by cosmic on Mar 3, 2010 16:04:52 GMT -5
Baby bears win! Close, and all things considered most junky things were up nicely today.
I sold my TSEM at 1.83 for a nice profit. I will be back in that one again. I looked for a short entry on DNDN and had it in at 34... it came to 33.99 on the bid but wouldn't give me the 34 so I missed the entry. (Shoulda chased.)
Otherwise no other changes. Still holding short FAZ puts to hedge a FAZ short position. And a bunch of other junk ;D
Hope everyone made some money today and will do so tomorrow. Regulars please post your results and fulfill your daily smiley regimen.
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Post by deadmoney95 on Mar 3, 2010 16:18:28 GMT -5
FAS bagholder here: I happily watched 'er climb over 78, cried as she fell, and then cursed the up/down, mostly down movement thereafter. My TYH also disappointed. But still, up a mediocre 1.2% on the day. I agree with most that some sort of pullback seems likely but . . . just . . . can't . . . hit . . . sell. Sigh. Bagholder syndrome, I guess.  Ditto today, except up less than 1%. Someone stage an intervention. Hope all did well. |
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Post by tajmahal9898 on Mar 3, 2010 16:22:41 GMT -5
I was quite busy at work today... could not sell MU for a profit... rookie mistake, did not place triggers..
No trades.. took a hit on short FAS/AA puts/
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Post by Dualism on Mar 3, 2010 16:33:10 GMT -5
The overbought condition felt hypoxic to the bulls. But the bullish undertones were evident throughout the session. Again the VIX was exhibiting signs that it has a hard time moving lower. It closed down 1.2%. The bullish tone in the breadth whittled a bit but still ended in favor of the advancers by 4104 : 3071. Another indecisive and uneventful action in the T-bond futures. Closed a sliver of my position in FAZ Mar 20 calls for .30 Opened FAZ Apr 19 calls for average price of 1.01 Opened FAS Apr 70 puts for average of 3.82 Traded SQNM for a nickel gain Traded FAS Mar 70 calls for 30cent gain My account finished unchanged.  I feel the bears may be gaining a little strength but the bulls are not yet ready to throw in the towel. I remain slightly bearish for tomorrow. |
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Post by brosin on Mar 3, 2010 16:37:49 GMT -5
All things considered, I was pleased with how APWR acted today despite having an overall down day. Volume still a bit light for my liking, but I think it is close. The $14 level is frustrating people in the same way the $12 level frustrated people last Fall.
I think we are setting up for a large short squeeze in the markets. Shorts (trapped from the Bloody lows around 1050 SPX) have not had a big reason to cover their positions yet, and more than likely they have been adding to them.
March 16th is approaching quickly, and we have 26 points to go SPX (above today's high) for the patented high just before FOMC. I thought we'd reach at least 1175 by then, also, which may be a bit of stretch. But a squeeze could certainly get us there.
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Post by Rich on Mar 3, 2010 16:41:22 GMT -5
No changes. LVS still top of the triangle and will likely move towards $16. That will be my exit area. Damn, I sound confident, don't I? |
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Post by cosmic on Mar 3, 2010 16:43:07 GMT -5
No changes. LVS still top of the triangle and will likely move towards $16. That will be my exit area. Damn, I sound confident, don't I? You are trading the technical setup, and yes that should make you more confident, but ready to react. ;D |
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Post by ask2lern on Mar 3, 2010 16:48:47 GMT -5
I watched most of the day and had to buy more SPY 110 Puts for a grand total of 400 contracts @ .98........... ................That was all for me folks.................Exalts for COS...live to trade another day.............GLTA Noticed my Avatar has disapered.....can anyone else see it?.......  smiley duty........  |
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Post by ccash04 on Mar 3, 2010 17:09:04 GMT -5
Added 20 BIDU 470 puts
Opened short position in XLF w/ a stop at 14.92 just above the high yesterday. I do not think we breach 14.90-95 area in the next week. That is one hell of a gravestone doji yesterday.
Opened 100,000 SPNG for s's and g's
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Post by exabi on Mar 3, 2010 18:06:22 GMT -5
Back to green on JOYG after positive earnings, CLD starting to show some life, BOT MDVN 13.10, holding for a bounce tomorrow. Overall up ~2% today
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Post by torrentio1 on Mar 3, 2010 18:39:44 GMT -5
Another consolidating market portfolio up session for me.
Hope all are bringing home wheelbarrows of cash! ;D
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Post by benvestor on Mar 3, 2010 20:02:21 GMT -5
Still holding all same positions, i wont bore everyone with them. Watched NETL take out 2 days of gains in this session.. Lower but on low volume.. And it has a split soon.. Anyone have opinions on this pick? its a semi that is up on good earnings..i may sell soon and get back in just b4 the pre-split vaccum i think is going to happen.. Overall tho, up a few bucks no trades again, just waiting till tomorrow for settlement. GL everyone and lets make some money tomorrow! |
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Post by alphacpa on Mar 3, 2010 20:03:53 GMT -5
MVIS continues to climb this week into annual earnings call sheduled for Monday, March 8 after market close. Up $7K on the day for $36K this week (unrealized). Looking for much more, but realize the substantial risk on Monday if 2010 production guidance is not favorable.
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Post by trading4dough on Mar 3, 2010 20:33:22 GMT -5
Bought and sold Chickens vstnq today for 27%
Shorted 8k BIG @ $34.88
Bought 50k DDSS @ $1.52
Held everything else
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Post by elle on Mar 3, 2010 20:46:44 GMT -5
fib 78.6 - 1128, could tag 1130
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Post by sloop on Mar 3, 2010 21:09:42 GMT -5
Sold my BIG for a small profit. No pop but I sold at 35 it closed in the 34 range. I am now in MRVL at 20.03 with 9000 shares
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