Cosmic's MarketPlace Wrap - 9/15/2010

[cosmic]

Better a little early than late

Opexy, but up, still holding SPY puts as a hedge as they're still green. ;D (Note as I type this it just turned slightly red so won't hold very long)

I added an ARNA Oct $1 call today at $3, and it's down a bit but feel it's a reasonable gamble given the various data that I have. It's a $300 play, so I'm not worried about it either way. I just don't trust my instincts after JAZZ got me.

Trade info here (click the pretty pic):


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

[tajmahal9898]

One trade, closed long SDS Sep call for a slight profit..

CENX was down slightly..

was tempted to play MU but decided to stay away.. was going to short LVS but couldn't due to existing short position... Will buy SDS shares/calls if market is up (again) tomorrow..

[maxi]

Got the poll bassackwards again. Now I am lost.

[demanuel2001]

Quiet day - interrupted by a nice Restaurant Week lunch. Ended up about $12k not counting mutual funds - which look to be about flat. No trades. Still coasting to Opex with a huge LVS position and raking in time decay on short puts.

[benvestor]

Failed to sell LVS 32 puts at bottom and almost bought more puts at the 31.50 level.. it broke out so i thought better of it.. Sold the puts at about 32 for a 35% loss (small play).

Bought a larger position of LVS 30 calls at 32, watched it churn that level and then had to leave for the Dentist. As I was leaving i saw weakness, so sold about break even (before fees)..

Overall down about $250 today.. Emotions and not recognizing backtests holding me down.

Still up about 3% for the month, but way off from my target.

[ask2lern]

Well I got the poll right...................traded SPY PUTS for a decent gain ...have not figured out %'s .............still holding position listed yesterday both gave up ground..............you did not figure they were going to let it turn red on the Lehman Brothers anniversary did you.........................exalt for Cos.......................Live to trade another day.................GLTA

POTUS coming on soon.............

[sloop]

Breakout coming! Holding 30k. Bac. At13,77

[timber]

im still bearish but willl still trade around my longs

[brosin]

In real life, Fed Funds Rate was bullish overnight to .19% from .18%; now smack in the middle of the breakout range. As mentioned in the good morning FFR post, .19% and above is the 'full steam ahead' signal as I see it.

Green FAS made it's 9th straight showing and is getting greener ;D



In the fantasy world:

Scalp trading portfolio is back to all cash as I locked in 4 gains today. HPQ was the big winner (+3.8%). Account is up 3.2% since inception 9/8/10

Big Cap Growth Portfolio was up 1.6% on the day; it is +2.8% since inception 9/7/10

[exabi]

Bought 2 ARNA JAN 1.00 Calls at $3.00 for S&G's. Same price as the OCT's, a 3 more months life in them. Weel see what happens in the next couple of days. No trades otherwise.

Went out on the river this afternoon.....watched a butterfly kick a wasp's ass....that was worth the price of admission.

[im2buzzi]

Closed out shorts on NFLX and CRM that I bought last week. What seemed like minutes after i sold, they both went down another dollar. Quick short scalp on FCX as a day trade. Not really wanting to go long anything right now. Will see what tomorrow brings. Currently holding SDS. GLTA!

[commodityypro]

Bought more ARNA and now avg is $5.23. I have $25K riding on this one stock. Only about 15% of my trading account but the most I've had on a speculative stock in awhile, not counting ETF's. Call me insane but that's ok because I am. I love the risk. Last time I had this much on a spec stock was about 2 yrs. ago on SIRI. GL to Bellevue and others holding this one. Tomorrow will be interesting. Meridia vote was 8-8, which favors ARNA, and is why you saw ARNA run at the end of the day.

Still holding FAZ/DRV/DGP/AFL/TBT as well in trading account.

[bellevuetrader]

I've only got 2500 shares which is more than I would like, but I'm already up 10% including AH so I'll take it! Hoping for good news!! Goodluck to you bud. Now averaged down on FAZ to 13.35! Looking for a pop there as well...glta!

[timber]

Sept 15, 2010 19:11:53 GMT -5 commodityypro said:

Bought more ARNA and now avg is $5.23. I have $25K riding on this one stock. Only about 15% of my trading account but the most I've had on a speculative stock in awhile, not counting ETF's. Call me insane but that's ok because I am. I love the risk. Last time I had this much on a spec stock was about 2 yrs. ago on SIRI. GL to Bellevue and others holding this one. Tomorrow will be interesting. Meridia vote was 8-8, which favors ARNA, and is why you saw ARNA run at the end of the day.

Still holding FAZ/DRV/DGP/AFL/TBT as well in trading account.

your kidding 25 k in one spec stock like this now i know your loony comm.....thats outrageous.....i might start listening to brosin now instead ;D ;D ;D ;D ;D

[jn1520]

Took up a position in OREX (ARNA will have an impact one way or the other - I will also be a heavy buyer of ARNA should it plummet).

Sold a small VG position with a 10% gain and averaged down with AVNR.