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Post by cosmic on Sept 2, 2010 15:23:04 GMT -5
I missed the last hour or so, I'm actually napping so this is a Sleep-Wrap.  Market seemed to hold off the inevitable bear attack that was expected. That shows some resilience. I remember Clinton was noticing all the indicators pushing full speed ahead but no distance was really being covered... that to me is the algos staving off the inevitable bear beat-down. There sure wasn't a tremendous amount of buying on L2 that I could see. So either it's another great unwind, and we're going to go down again but it's taking a while for all those shares to unravel... or it's a great consolidation, and we're going to up again. Thank goodness for trending. I said "Let it ride" again today. "But you knew I was a snake," it said back.  No trades today. Hope everyone made some money today and will do so tomorrow. Members, please post your results along with your RDA of smileys!  |
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Post by tajmahal9898 on Sept 2, 2010 15:31:48 GMT -5
mixed day... ATEC up 11% today... recovered 12K, still down 14K
Shorted CENX another 10K at 10.82, average 20K at 10.62, down 6K...
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Post by jack on Sept 2, 2010 15:42:45 GMT -5
"Ride the snake!"
Made a little FASdough today and got out w/ my cohones intact - I'm happy
;D ;D ;D
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Post by sp7015 on Sept 2, 2010 15:43:40 GMT -5
Account saw another 6% gain after yesterday's 78% gain. Took money off the table and I am only 34% invested. I will wait for more clarity or better prices to put the rest of the money to work.
I am mad because I missed the pull back in aapl $250 weekly calls this morning because I was at the doctor. That would have been on hell of a nice swing trade as lod was $1.10 and they closed at $2.65.
As reported yester day here is my portfolio have plenty of cash on hand to deploy when the time is right also:
HOLDING LONG
aapl 240 sep 10 C
bac 12 sep 10 C
bac 12.5 jan 12 C
crus 15 sep 10 C Bought at $1.00 several days ago sold at $2.05
crus 17.5 sep 10 C
spy 110 sep 10 WK1 P New addition as hedge $1.02
TRADING NOTES
*closed out entire crus 15 sep C to lock in profits. After fee's 92% gain on that position. Still in the $17.5 C for any possible upside.
*added spy 110 weekly puts as hedge
Road to Opex
CRUS is looking good with possible take over rumor's on flyonthewall. I am hoping this goes to $18-19 by opex.
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Post by demanuel2001 on Sept 2, 2010 15:52:08 GMT -5
That's funny Cos - I napped for most of the afternoon too! Didn't do much trading today - scalped a little LVS in the morning for a modest profit. Overall, LVS drove my profits on the day to about $25k - been a nice month so far.
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Post by Rothschild on Sept 2, 2010 15:55:18 GMT -5
Cos I saw it just like you did-exalt!
I bought a basket of bear etfs yesterday and sold at the beginning of trade today resulting in a loss of some 1.3% today. I was fortunate because had I held, it wouldve been a 4% loss. I try to listen to the message of the markets whenever possible so what was the message??? Well, we are going into Labor day weekend and the guberment wants EVERYONE to be spendin some money this holiday weekend so are they gonna report a bad jobs report??? NAW, I dont think so. I am positioned for a bull run come Friday.
Hope everyone made tons of cash today and will continue to do so. Cheers!
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Post by benvestor on Sept 2, 2010 16:09:17 GMT -5
I sold my LVS calls for about 15% gain.. was all in on that one so it was a decent gain and now i no longer have to wake up in the middle of the night to check futures 10 times.. Woohoooo profit.. ;D ;D Ready with 100% cash for some DAY TRADING tomorrow I think anything can happen tomorrow, but hey the trend is up GL everyone! |
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Post by demanuel2001 on Sept 2, 2010 16:11:59 GMT -5
I sold my LVS calls for about 15% gain.. was all in on that one so it was a decent gain and now i no longer have to wake up in the middle of the night to check futures 10 times.. Woohoooo profit.. ;D ;D Ready with 100% cash for some DAY TRADING tomorrow I think anything can happen tomorrow, but hey the trend is up GL everyone! You went all in on calls on a single stock? (even if it was LVS) - Do you also like to play Russian roulette? |
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Post by sp7015 on Sept 2, 2010 16:16:15 GMT -5
now i no longer have to wake up in the middle of the night to check futures 10 times.. Woohoooo profit.. ;D ;D I know exactly what you mean. Friday will be very interesting. If we get a bad number it could end up being like the action on Aug 6th. Gap down and cover to end up neutral. |
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Post by benvestor on Sept 2, 2010 16:18:47 GMT -5
I sold my LVS calls for about 15% gain.. was all in on that one so it was a decent gain and now i no longer have to wake up in the middle of the night to check futures 10 times.. Woohoooo profit.. ;D ;D Ready with 100% cash for some DAY TRADING tomorrow I think anything can happen tomorrow, but hey the trend is up GL everyone! You went all in on calls on a single stock? (even if it was LVS) - Do you also like to play Russian roulette? It was a mishap. Meant to go all in on SPY calls |
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Post by ccash04 on Sept 2, 2010 16:19:42 GMT -5
I sold my LVS calls for about 15% gain.. was all in on that one so it was a decent gain and now i no longer have to wake up in the middle of the night to check futures 10 times.. Woohoooo profit.. ;D ;D Ready with 100% cash for some DAY TRADING tomorrow I think anything can happen tomorrow, but hey the trend is up GL everyone! You went all in on calls on a single stock? (even if it was LVS) - Do you also like to play Russian roulette? You don't necessarily lose it all.. Usually you can still sell it for .05 ;D |
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Post by brosin on Sept 2, 2010 16:39:20 GMT -5
No trades My FAS is now in the green.  |
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Post by timber on Sept 2, 2010 16:54:45 GMT -5
bunch of soxl trades.....this ones is hard to get out of.....also shorted vvus and covered just now
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Post by Rich on Sept 2, 2010 17:03:15 GMT -5
I bought fas and my fas is in the green also  Also PCX and AMR. Shoulda jumped on MGM too. |
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Post by sloop on Sept 2, 2010 17:08:47 GMT -5
sold and bought back BAC
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Post by exabi on Sept 2, 2010 17:50:28 GMT -5
Bot some more HTS for LT port...partial fill at 29.36...got 80% of the order. Been watching Earl, looks like a non event for our area.
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Post by trading4dough on Sept 2, 2010 18:42:36 GMT -5
took 2/3 of a large position in tza average $33.08
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Post by ask2lern on Sept 2, 2010 18:54:12 GMT -5
Yowza.............busy day............turned my SPY 107 PUT position into a 1x2 spread with the 106's and closed the 106 for + 11% effectively lowering my cost basis on my 107 position to 1.59 avg  .................last trade was 1.07 sooooooooo - 48%  ................I added a SPY 108 PUT position @ 1.49................also added an position on SDS @ 32.77................... ...........now the good news is I am currently leading the contest ...............I expect both of these positions to reverse in the near future.............................Exalt for Cos................live to trade another day..................GLTA |
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Post by tajmahal9898 on Sept 2, 2010 20:11:36 GMT -5
congrats Ask2... now you have a big lead in the contest...... 18% up in one day.. wow... you should have told me before -  with 18% return I take a long vacation (for rest of the year ?).. Exalt.. |
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jn1520
Broker/Dealer
Posts: 719
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Post by jn1520 on Sept 3, 2010 7:11:54 GMT -5
Sold all of my FAS in the green and jumped into EXEL, waiting for the next catalyst...
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.................last trade was 1.07 sooooooooo - 48% 
................I added a SPY 108 PUT position @ 1.49................also added an position on SDS @ 32.77................... 
with 18% return I take a long vacation (for rest of the year ?)..