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Post by cosmic on Sept 20, 2010 15:06:22 GMT -5
Busy day planning EOD trades actually. I did a sweep of several accounts and funds today booking profits. Sold some BMEAX, ITHAX, and FIIAX, as well as covered a few FAZ short shares so Fredo could have some more. Details here by clicking the pretty pic:  The action today seemed kind of typical for a post opex... market gets run up so it can be sold into. It would be nice to hold and move forward, making this area in the 1100's our new home for a while, I would find that bullish. Let's see if it can happen.  Charts read some overbought in some cases, so I didn't buy anything today or add to any existing positions.  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 demanuel2001 on Sept 20, 2010 15:10:40 GMT -5
Nice day for me - as posted elsewhere I was busy lightening up my LVS stock position and adjusting my short option position for more premium and less exposure (I do NOT want to be checking share prices when I'm aboard the Queen Mary 2!). Bought some more Skechers - both more shares and some Shape-Ups. Mutual funds haven't reported yet - but I figure when theydo it will have been a +$30k day.
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Post by benvestor on Sept 20, 2010 15:24:23 GMT -5
woke up at 630 and saw the market was not doing much after housing numbers.. had no idea we were getting a recession report today, so went back to sleep around 6:35.. The opportunity cost of sleeping today was very high..  Bought one AZO October call at 6.20 for an earnings play.. thought about buying calls on other things aslo, but we are just too overextended In my opinion. Probably not tho Just going to take it easy the next few days see how all this pans out. |
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Post by brosin on Sept 20, 2010 15:31:56 GMT -5
Real life: #12 in 'a day in the life of green Fassie' was a success, got substantially greener. FFR was level at .21% - as mentioned in the morning post, we had not see 3 straight closes at .21% ever before today (dating back to Dec 2008 when 0-.25% target was set). This is some consolidation that makes me feel very good about the rally continuing. FOMC meeting is upon us tomorrow. We saw a new market high 1 day before it as has happened now 4 consecutive meetings. I will be interested to see if that new high becomes a top or not. Fantasy World:(77% fantasy net worth / FNW) Big Cap Growth was up .3% on the day, no trades, remains 80% invested (19% FNW) Scalp Trading is even on the day and holds 2 unrealized gains at breakeven into tomorrow (RIMM +.4% / +$1963 & HPQ -1.1% / -$2207). Fully invested and holding overnight (not standard strategy in here). (4% FNW) Options Portfolio continues to hold short $113 Oct calls (avg $2.06), unrealized loss of -38% (-$20K) on that holding. No trades today. Total Net Worth: unrealized -1.3% on the day (-18K), mainly due to the options hedge. I'm learning the hard way how costly a mistake in there can be.
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Post by timber on Sept 20, 2010 15:36:35 GMT -5
Nice day for me - as posted elsewhere I was busy lightening up my LVS stock position and adjusting my short option position for more premium and less exposure (I do NOT want to be checking share prices when I'm aboard the Queen Mary 2!). Bought some more Skechers - both more shares and some Shape-Ups. Mutual funds haven't reported yet - but I figure when theydo it will have been a +$30k day. lol i never even look at my mutual funds at all anymore....all that money i promised myself i wouldnt worry about it...thats why i pick good fund managers....its my trading accounts that keep me busy and up all night |
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Post by Rothschild on Sept 20, 2010 15:43:41 GMT -5
Man, I got my butt kicked today! Havent had a spankin like that since elementary school. It really sucks to be on the wrong side of a trade   However, I will live to trade another day. This move is scary.. havent seen anything like this since nasdaq 5000s.. im not kidding. Volume simply wasnt there again but only price pays I am currently down 9.5% on the short side but averaged down as I feel a selloff is imminent; or at the very least some consolidation. I hope the fastopia longs made a bundle today and will continue to do so. Nice work gang. |
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Post by cosmic on Sept 20, 2010 15:48:21 GMT -5
The problem may be - longs are holding, they've had enough crap. Thus, there is actually a shortage of shares. Participants look, don't like prices, pass on a buy, and then buy a little higher a little later.
Something has eaten away some of that overhang. Mr Feddy? Possible. But if you're hedging a bond bubble... what do you buy. Attractively priced securities? Perhaps.
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Post by cosmic on Sept 20, 2010 15:50:54 GMT -5
Real life: #12 in 'a day in the life of green Fassie' was a success, got substantially greener. FFR was level at .21% - as mentioned in the morning post, we had not see 3 straight closes at .21% ever before today (dating back to Dec 2008 when 0-.25% target was set). This is some consolidation that makes me feel very good about the rally continuing. FOMC meeting is upon us tomorrow. We saw a new market high 1 day before it as has happened now 4 consecutive meetings. I will be interested to see if that new high becomes a top or not. Fantasy World:(77% fantasy net worth / FNW) Big Cap Growth was up .3% on the day, no trades, remains 80% invested (19% FNW) Scalp Trading is even on the day and holds 2 unrealized gains at breakeven into tomorrow (RIMM +.4% / +$1963 & HPQ -1.1% / -$2207). Fully invested and holding overnight (not standard strategy in here). (4% FNW) Options Portfolio continues to hold short $113 Oct calls (avg $2.06), unrealized loss of -38% (-$20K) on that holding. No trades today. Total Net Worth: unrealized -1.3% on the day (-18K), mainly due to the options hedge. I'm learning the hard way how costly a mistake in there can be. Your results are not atypical. I am always amazed on a massive up day to see lousy performance in a diversified portfolio. My reasoning (and it applies to me, not sure about anyone else) is I'm a lousy picker. So for that kind of portfolio, sector funds usually win out, and sometimes even better than ETF's because it's managed, and it's researched, not just bought in pre-determined basket allocations like the Q's, which are so heavy AAPL and BIDU it's ridiculous. I have no doubt, for example, that BMEAX will be up after revaluation today. |
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Post by brosin on Sept 20, 2010 16:04:25 GMT -5
Yes, for that reason I am focused on my performance relative to the market in the Big Cap Growth; prior to today, I was beating the market handily. After today, I am lagging the market by .6%. It is easy to see why though - 3 out of my 5 "double positions" were in the red (TBT, RIMM, GOLD [short]). CLF and HPQ are the other 2, which were green. The total of those positions 5 positions was -14K, whereas the rest of the account with regular positions was +16K. I will continue tracking the performance relative to the market just as I have in real life because I think that's the biggest thing (the argument for not just putting the money in SPY). The IRA is beating the market considerably since inception, although is lagging considerably in 2010... spreadsheets.google.com/ccc?key=0Ah0555lud0TEdGNZcU5BdnN1RGR1QXZBc19DWWJDY3c&authkey=CLyhptAE&hl=en#gid=0lagging by 15% in 2010... |
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Post by ask2lern on Sept 20, 2010 16:08:10 GMT -5
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Post by actuarynomore on Sept 20, 2010 16:10:48 GMT -5
Yeah Baby! I can now put that speculative down-doji trend out of my mind - I'm a bull at heart and was able to capture nice profits on a major long-FAS holding - Still holding more shares if we go up from here - Have plenty of dry powder if we go down.
OPEN QUESTION FOR ANYONE - Does FAS go below $20 anytime soon - Thanks in advance for your thoughts.
Took a flying leap on YRCW and threw $1K at it - When you look at the daily over 7 months, the tops and bottoms are definitely merging.
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Post by tajmahal9898 on Sept 20, 2010 16:27:28 GMT -5
Bad day.. CENX jumped almost 7% and I am short... Shorted final 20K at 11.74.. now averaging 40K at 11.12.. no more shorting on this one...
SOLD (naked) OCT SDS 29 puts for 1.4x...
I was on the wrong side of the trade today..
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Post by actuarynomore on Sept 20, 2010 16:29:23 GMT -5
Yeah Baby! I can now put that speculative down-doji trend out of my mind - I'm a bull at heart and was able to capture nice profits on a major long-FAS holding - Still holding more shares if we go up from here - Have plenty of dry powder if we go down. OPEN QUESTION FOR ANYONE - Does FAS go below $20 anytime soon - Thanks in advance for your thoughts. Took a flying leap on YRCW and threw $1K at it - When you look at the daily over 7 months, the tops and bottoms are definitely merging. - I'm LMAO because I'm not sure why you like my post - Is it because of my simple FAS trades, my flying leap OR...Because I won't be making anymore wacko doji-down posts - Dave |
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Post by timber on Sept 20, 2010 16:30:42 GMT -5
;D ;Di like all posts its nothing personal ;D ;D ;D
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Post by brosin on Sept 20, 2010 16:55:27 GMT -5
Yeah Baby! I can now put that speculative down-doji trend out of my mind - I'm a bull at heart and was able to capture nice profits on a major long-FAS holding - Still holding more shares if we go up from here - Have plenty of dry powder if we go down. OPEN QUESTION FOR ANYONE - Does FAS go below $20 anytime soon - Thanks in advance for your thoughts. Took a flying leap on YRCW and threw $1K at it - When you look at the daily over 7 months, the tops and bottoms are definitely merging. - I'm LMAO because I'm not sure why you like my post - Is it because of my simple FAS trades, my flying leap OR...Because I won't be making anymore wacko doji-down posts - Dave ;D it's always funny on posts like that where you have both good and bad stuff and people "like" it. You never know what they're liking! I've come to the conclusion that 99% of the time, they were liking one of the good things. People don't usually use the like/dislikes to take cheap shots. And yeah Timber liking something just means he read the post  Mine was apparently too long for his liking, because I can see he didn't read it. ;D ;D |
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Post by cosmic on Sept 20, 2010 16:57:06 GMT -5
BMEAX up 1.61% for the day - final Dow up 1.37%, Nas 1.73%, S&P 1.52%. They average to 1.54%.
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Post by demanuel2001 on Sept 20, 2010 16:58:28 GMT -5
Nice day for me - as posted elsewhere I was busy lightening up my LVS stock position and adjusting my short option position for more premium and less exposure (I do NOT want to be checking share prices when I'm aboard the Queen Mary 2!). Bought some more Skechers - both more shares and some Shape-Ups. Mutual funds haven't reported yet - but I figure when theydo it will have been a +$30k day. lol i never even look at my mutual funds at all anymore....all that money i promised myself i wouldnt worry about it...thats why i pick good fund managers....its my trading accounts that keep me busy and up all night I actively manage my mutual funds by switching from country to country or region to region. These funds have done pretty darn well for me - growing by a factor of 10 since 1994. I've spent a large percentage of that time in Japan and less in Latin America, Europe or the USA. I've caught some amazing swings by moving around at the right time. (again mostly in Japan - believe it or not). Right now I'm in Japan and have been there since 2004 - this is an amazingly long time between switches - which suggests that either the talent has escaped me or these opportunities are much rarer now (where's a South American currency crisis when you need one?). |
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Post by cosmic on Sept 20, 2010 16:59:49 GMT -5
FIIAX up 1.51%
ITHAX up 1.4%
Directionally those funds matched the indexes.
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Post by cosmic on Sept 20, 2010 17:01:06 GMT -5
lol i never even look at my mutual funds at all anymore....all that money i promised myself i wouldnt worry about it...thats why i pick good fund managers....its my trading accounts that keep me busy and up all night I actively manage my mutual funds by switching from country to country or region to region. These funds have done pretty darn well for me - growing by a factor of 10 since 1994. I've spent a large percentage of that time in Japan and less in Latin America, Europe or the USA. I've caught some amazing swings by moving around at the right time. (again mostly in Japan - believe it or not). Right now I'm in Japan and have been there since 2004 - this is an amazingly long time between switches - which suggests that either the talent has escaped me or these opportunities are much rarer now (where's a South American currency crisis when you need one?). Take a look at AEPGX |
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Post by actuarynomore on Sept 20, 2010 17:10:07 GMT -5
Hey Timber and Ben - I'm LMAO because I'm not sure why you like my post - Is it because of my simple FAS trades, my flying leap OR...Because I won't be making anymore wacko doji-down posts - Dave ;D it's always funny on posts like that where you have both good and bad stuff and people "like" it. You never know what they're liking! I've come to the conclusion that 99% of the time, they were liking one of the good things. People don't usually use the like/dislikes to take cheap shots. And yeah Timber liking something just means he read the post Mine was apparently too long for his liking, because I can see he didn't read it. ;D ;D Never for a moment thought anyone was taking a cheap shot - For that to happen, I would have to believe my posts actually have technical merit and I will be the first to admit - Most of my shit doesn't stick - I feel honored to be able to post with the big guys - BTW, great calls today Bros - I love the conviction!!! |
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Post by trading4dough on Sept 20, 2010 19:34:59 GMT -5
increased short position to 74% from 56%
trimmed 20% of longs
averages now
tza 28.82
faz 12.65
bgz 12.91
spxu 27.89
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Post by Rich on Sept 20, 2010 19:47:52 GMT -5
I added more HH today. Played FAS for a scalp but missed the after-Obama move.
Didn't expect it, in fact, stayed away from options because I really didn't see a large move after the initial opening move.
oh well.
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Post by Rich on Sept 20, 2010 19:55:37 GMT -5
Well, we got the higher low and now the higher high. If you were to draw a trendline parallel to the one from the higher low, where would that put us about?
1150's, 1160's?
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Post by sp7015 on Sept 20, 2010 21:24:01 GMT -5
My gamble on aapl 260 wk4 call options paid off.
I bought for $16 on Friday and sold this morning for $20.45. Ended up booking a 26% profit.
I left 19% on the table but I had to go out into the field and was away from the computer all day. I couldn't babysit my weekly aapl options so I sold them early this morning.
Long
BAC
Crus
AAPL is performing really well and I plan on entering into a porition on any pullback.
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However, I will live to trade another day. This move is scary.. havent seen anything like this since nasdaq 5000s.. im not kidding. Volume simply wasnt there again but only price pays 
