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Post by cosmic on Sept 7, 2010 15:16:32 GMT -5
I didn't like this consolidation here and we lost a Fib as I suspected and sold roughly halfway down to the next. Puts us sort of in nowhere land, with some room to land before more solid support. No trades today. Hope everyone made some money and will do so tomorrow. Members, please post your results along with your RDA of smileys!
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Post by brosin on Sept 7, 2010 15:26:39 GMT -5
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Post by tajmahal9898 on Sept 7, 2010 15:32:12 GMT -5
no trades today.. AL spot price jumped in PM as a result CENX didn't sell-off.. still holding short 20K shares.. was in money for a short time... slight gains
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Post by trading4dough on Sept 7, 2010 15:32:36 GMT -5
closed out spy putz +13% iwm putz +18%
sold tza - $0.04
bought tna 2 trips average $38.71
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Post by timber on Sept 7, 2010 15:43:54 GMT -5
i made a crap load of tza trades.....six i believe maybe 7 two arna trades
and one real nice xomad trade
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Post by Rothschild on Sept 7, 2010 15:49:43 GMT -5
I was very fortunate today with the Euro dump and strong dollar rally. I initiated a position Friday on Faz and Bgz and sold my positions for a gain of 6.3% on Bgz and 11.5% on Faz. Right before the bell, I bought some Wfc and Usb for a bounce opportunity (too afraid to buy fas at the moment ). I plan on selling Wed in anticipation of the sell on Rosh Hashanah and buy on Yom Kippur opportunity; thats right another holiday reversal. I hope everyone made money today and will continue to do so
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Post by trading4dough on Sept 7, 2010 15:57:09 GMT -5
closed out spy putz +13% iwm putz +18% sold tza - $0.04 bought tna 2 trips average $38.71 ohhhhhh forgot to add ............ 2 trips to the fas store average $20.43 will keep adding both on any dip
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Post by bellevuetrader on Sept 7, 2010 16:25:38 GMT -5
In cash except for MVIS...no trades for me today!
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Post by benvestor on Sept 7, 2010 16:30:27 GMT -5
No trades.. Trying not to trade on days i have class. Anyhow I couldn't really find any setups i felt confident in with the small time i spent looking at the charts and action. That 1089 gap seems like it should have closed today, feels like major manipulation.. the dow chart did one of those wierd looking wave things in TDA today..
All cash looking forward to tomorrow. ;D
GL
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Post by Rich on Sept 7, 2010 17:21:25 GMT -5
I bought more FAZ calls, nicely in the green for the moment. No gap ups, puh-leeze!
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Post by trading4dough on Sept 7, 2010 17:28:14 GMT -5
I bought more FAZ calls, nicely in the green for the moment. No gap ups, puh-leeze! GET OUT TOMORRAH B4 THE BEIGE BOOK AT 2PM BUD!
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Post by Rich on Sept 7, 2010 17:34:34 GMT -5
Good looking out, T4D. I didn't even know about it.
Probably lose those calls fast in the a.m..
Any talk about stim-stim today?
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Post by timber on Sept 7, 2010 17:41:43 GMT -5
you have some balls rich......holding calls and not closing them on a day like today
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Post by trading4dough on Sept 7, 2010 17:42:28 GMT -5
Good looking out, T4D. I didn't even know about it. Probably lose those calls fast in the a.m.. Any talk about stim-stim today? Dump on any am pressure the setup is pump the beige book and jobs report and liven it up with Stim pumpage as well they control both reports so they will really want them to look good
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Post by exabi on Sept 7, 2010 18:12:46 GMT -5
Nada for me today....still about 85% cash
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Post by Rich on Sept 7, 2010 18:26:36 GMT -5
you have some balls rich......holding calls and not closing them on a day like today I don't know, Timber. I was watching the close and it looked weak as hell. Nobody buying. However, external forces like stimulus, beige book, etc., are always to be wary of when short. The truth is, until this thing turns around, it's safer to be short than long. And all cash is boring as hell
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Post by jack on Sept 7, 2010 18:29:50 GMT -5
you have some balls rich......holding calls and not closing them on a day like today I don't know, Timber. I was watching the close and it looked weak as hell. Nobody buying. However, external forces like stimulus, beige book, etc., are always to be wary of when short. The truth is, until this thing turns around, it's safer to be short than long. And all cash is boring as hell Why should anyone be buying when everyone knows the flannel mouth will be on deck tomorrow and we all know what he's proposing the likes of which just doesn't cut it?
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Post by timber on Sept 7, 2010 18:35:46 GMT -5
well i learned to take the profits off the table quick when it comes to options....or they will take them for you
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Post by Rich on Sept 7, 2010 18:36:06 GMT -5
good point, Jack. Lame is a good word. Uneffective is another. Piss-poor a third
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Post by brosin on Sept 7, 2010 19:12:13 GMT -5
I don't know, Timber. I was watching the close and it looked weak as hell. Nobody buying. However, external forces like stimulus, beige book, etc., are always to be wary of when short. The truth is, until this thing turns around, it's safer to be short than long. And all cash is boring as hell Why should anyone be buying when everyone knows the flannel mouth will be on deck tomorrow and we all know what he's proposing the likes of which just doesn't cut it? One of these days he's going to come on and the market is going to shoot to the moon for no reason. I will love that day. Is my annoyance showing? From someone who doesn't like Pres very much...
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Post by actuarynomore on Sept 7, 2010 19:58:37 GMT -5
Bought back 1000 shares of FAS today for a dollar less than I sold Friday - I'm hoping FAS goes lower so I can continue to buy back to lower my AP.
Big question for me...Do we see FAS at $18.50 or lower anytime soon - Anyone?
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Post by Rich on Sept 7, 2010 20:03:14 GMT -5
Bought back 1000 shares of FAS today for a dollar less than I sold Friday - I'm hoping FAS goes lower so I can continue to buy back to lower my AP. Big question for me...Do we see FAS at $18.50 or lower anytime soon - Anyone? Two shools of thought on that one, but if rifin drops to the horizontal line of doom again, Fas would definately be lower than 18.50.
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