Cosmic's MarketPlace Wrap - 9/27/2010

[cosmic]

Interesting day, could be consolidation, could be the beginning of a huge dip, or could be the beginning of a huge rally.

Now if I had to choose which way is the easiest to make the money, at least since April it's been to cause a panic so everyone sells. I'm trying to think of what can be our next panic... a poll showing the Dems will maintain lead in Congress? lol

I'm still playing very cautiously, especially up here in the overhang. I have no doubt that at any moment they will drag prices down again to get capitulation on shares bought here so they can buy them cheaply when you give up.

No trades today. My SPY puts have whithered on the vine (expected as it's a hedge) on a market move. ARNA continues to suck.

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

[ccash04]

amazing day, rebalanced some delta and took some profit by rolling way otm calls in BIDU at the end of today... they are performing amazingly, up 1200% in 4 trading days. Plus like the last 3 candles i believe its called the 3 white soldiers. Maybe not anyways looks strong and with beta continueing to perform, I look forward to more POMO days

[demanuel2001]

Another good day for me riding on the continued stunning performance of LVS. No scalping today but I wrote some Oct $35 puts and ended up scalping some $35 calls. Still very long but I'm also set up effectively short $35 straddles and have protected my delta against any kind of serious upside blowout. About $30k up today.

[sloop]

traded SPY once that was it.

[ask2lern]

Well I was not at my computer much of the day but did see around 1:00 cst that the tick had been over 0 for almost 30+ minutes so I bought some OCT 115's PUTS @ 2.00...............I was going to sell but did not get back to my computer until after mkt closed so holding o/n ...................other the that no other changes for me.....................Exalt for Cos.......................Live to trade another day................GLTA

[bellevuetrader]

Nice demanuel....ride it like a Bull! No trades for me today...

[Rich]

Shoulda shorted the end, but I wasn't thinking short, so oh well.

Watched my HH trickle up.

[Rothschild]

No trades today... Been snake bitten on the short side and as soon as I covered our masters decided to sell this market off some. Well, I am hoping to jump long on fas once we work off this overbought condition and we could hopefully zoom into the 1250s.

Hope everyone made BIG MONEY today and will continue to do so ad infinitum

[benvestor]

Made 10% on GOOG buy this morning... shoulda used a stop

AZO call up and AMD still up decent so holding those

holding a small hedge put and mostly cash

I think Cos wrapped up the day perfectly

[exabi]

Bought some LVS OCT 30 35 CALLS, up about 20% unrealized gains, little HTS keeps plugging along

[tajmahal9898]

MU one round trip for ~3K realized profit.

SDS combo up ~10% (unrealized profit)
not much movement on ATEC/CENX..