Cosmic's MarketPlace Wrap - 8/9/2010

[cosmic]

Interesting finish. Definitely a cautious market.

I added some MPG right at the bell for 3.01. They have earnings tonight and conference call tomorrow. I am buying weakness.

Added some BAC as a starter position, it's green so far.

Green Arrow switched back to a blue sequential at the close today, so it is again confirming. (Stupid thing bouncing around like that lol.)

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

[demanuel2001]

Quiet day today - slightly up. Mostly LVS. Also SOLF. scalped a bit wrote some Aug $30 calls

[brosin]

Being in all cash, I have split what was left of my Scotturd trading account and transferred it into my IRA and my TDA options account. I'm going to concentrate much more on longer term plays over a span of 1-2 months in the options account and see if I can't get some more insight into that market.

I think I'm going to buy HPQ tomorrow with the new funds in the IRA.

[sloop]

Did "JUST" OK.... Have a great day everyone.

[tajmahal9898]

No trades..

still holding AMAT and ATEC -- unrealized paper gain of 6.6K (still overall paper loss on both positions).

[snapplemoney]

lets just say spy and fas are my best friends after i get out of the arna postition i may just trade these etfs

[Rothschild]

Sold my banking plays first of the morning but missed the reversal one hour later. This is a very cautious market like Cosmic said. We have rallied 1k points so caution is in order. Nothing appears to be cheap aither in stocks or bonds. the dollar had a strong rally today and if the FED does nothing, it could initiate a rally in the greenback and put some pressure on stocks. VIX is going lower which is bullish....
Spy closes one penny under the key 113 mark, now isnt that intersting. the MMs always keep us in suspense now dont they?

What will the privately owned FED do??? I havent got a clue Hope everyone did good today.

[ask2lern]

Pretty boring day for me................cleaned up my LT accounts by selling things with small share positions I had as a result of selling a stock and forgetting to un-enroll from Divy re investments so over time I end up with 5-10 shares......kinda like the change bucket at home...........well today I cashed it in ................lowest spy vol since 4/12.............I did pick up some SPY 112 AUG PUTS near the close ....................probably my last AUG option play as DECAY puts it foot on the pedal from here on out.....................still holding SDS,AIB,and cash in addition to SPY PUTS..........................Exalt for Cos.........................Live to trade another day...........GLTA

[natsalilfly]

held a long but mostly waiting for some break out momentum either way. I got the "baby" portion right in the poll, just wrong animal!

[timber]

great day here.......three fas trades....one arna call trade.....i forgot the rest already ;D

[exabi]

Nuttin for me today....saw nothing that interested me one way or the other....holding out for tomorrow's news. I did have some grey poupon on my sandwich today.

[torrentio1]

Looks like it was an inconsequential market up portfolio up session...

I remain all in and bullish -now looking at the charts for the session.

Hope all did well!!!!

;D ;D ;D