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Post by cosmic on Mar 2, 2011 16:11:02 GMT -5
The Nas is certainly running all over the place very very quickly. It's almost gaining and losing as much as the Dow these days - not sure if that's good or bad?!  I will say this, even though the indices are really only down a little from the recent highs, does it feel to you like 'your stock' whichever one it is, is only down a little? I have to say for a few recent picks of my own they've sure moved a lot more than 1-2%.  I'm not sure what that means. 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 Clinton SPX on Mar 2, 2011 16:17:07 GMT -5
Rather good day today. No Trades.
ZBB +22.7%
PSUN +6.1%
BCOND +2.9%
SNSSD +3.5%
NSU +.69%
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mihai
Broker/Dealer
2nd Place - Road to Opex 7
Posts: 433
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Post by mihai on Mar 2, 2011 16:17:32 GMT -5
Hey guys, I'm back after being burnt by TZA (rode it from 30 to 24, glad I got out).
Was in Siri and VLNC from last week (1.68 and 1.42).
Got out today at 1.77 and 1.57, going by Oscar's advice. Obviously should have held. I have a feeling tomorrow is going to be bullish due to POMO but it might crap out end of the day cuz Friday is a mini-Pomo.
If Thurs and Fri are bears, I want to buy back in Friday. The amount of public 401k money thats coming in is unreal.
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Post by tajmahal9898 on Mar 2, 2011 16:17:35 GMT -5
in the market after a looooong time.. thanks to sp7015
Long WFT April long vertical 20/21 call for 45 cent
Short WFT May 19 puts
Unrealized profit of ~29%.. hold decent number of contracts..
CSCO options are under water right now, potential loss of 4K..
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Post by papasloth on Mar 2, 2011 16:19:17 GMT -5
My naked short TIVO Mar 9 puts from yesterday were red, so I shorted some more at .70/sh. my CLWR Mar 5 puts were flat today.
SVNT was up around 5% today. I'm long the stock, short Mar 11 puts and short Mar 11 calls. This helped me set a new high water mark in my trading account today, +92% since April. If everything would just stay flat until Mar. 18th, I will be up over 100%. To bad I can't call a time out until then.
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Post by demanuel2001 on Mar 2, 2011 16:24:25 GMT -5
I just woke up from this dream where LVS was going to be busted by the Feds. Now, where was I? I was busy doing nothing, working the whole day long, trying to find lots of things not to do. I'd like to be unhappy but I really don't have the time. Scalped a few Friday LVS $44 calls. Completed one LVS share scalp. Ended the day up about 3/4% of portfolio.
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Post by sp7015 on Mar 2, 2011 16:44:14 GMT -5
in the market after a looooong time.. thanks to sp7015 Long WFT April long vertical 20/21 call for 45 cent Short WFT May 19 puts Unrealized profit of ~29%.. hold decent number of contracts.. CSCO options are under water right now, potential loss of 4K.. Taj I wish I would have had cash on hand to buy some cheap calls in WFT this morning. I got the May 20's for 2.25. |
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Post by bellevuetrader on Mar 2, 2011 16:47:52 GMT -5
No trades...as simple as that! I have this weird hunch that market will rally hard through May...dunno why...maybe it's the effects of POMO!
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Post by benvestor on Mar 2, 2011 16:59:18 GMT -5
sold my SLV calls for about 85% profit.  huge 200 dollar investment to begin with  Bought EXk 10 calls for .15, will sell on any spike to .25 or .30 tomorrow and will hold if it continues with major strength  Bought LVS 44 calls for 1.60, holding for atleast 2+  |
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mihai
Broker/Dealer
2nd Place - Road to Opex 7
Posts: 433
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Post by mihai on Mar 2, 2011 17:02:09 GMT -5
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Post by tajmahal9898 on Mar 2, 2011 17:09:45 GMT -5
in the market after a looooong time.. thanks to sp7015 Long WFT April long vertical 20/21 call for 45 cent Short WFT May 19 puts Unrealized profit of ~29%.. hold decent number of contracts.. CSCO options are under water right now, potential loss of 4K.. Taj I wish I would have had cash on hand to buy some cheap calls in WFT this morning. I got the May 20's for 2.25. My friend, why spend $225 on one contract, when you could have got the vertical for $45. I think you can still do in next few days.. just sell 21 calls when pps is close to 22 and you will significantly lower your cost. In fact, if pps touches 22 this/next week, you might be able to get $2.6 for May 21 calls.. net you will have a debit of 35 cents plus opportunity (free) for additional $1 profit.. you are in a good spot.. Good Luck to you.. |
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Post by Rothschild on Mar 2, 2011 18:59:28 GMT -5
Booked gains on SODA and LVS. We have bear flags on almost every single market indice the world over. Correction time??? 1206-1224 is my target. Hope everyone did great!
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Post by Rich on Mar 2, 2011 19:34:56 GMT -5
I've been busy so no trades but still keeping an eye on the market and the middle east.
If we do get a correction, I'd like to buy some stuff cheap and just sit on them for awhile.
That's my thinking as I set up for the construction season.
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Post by timber on Mar 2, 2011 20:12:50 GMT -5
maybe that was considered the correction
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Post by davetherave on Mar 2, 2011 20:28:01 GMT -5
A big Nothing Done for me today. Holding NGD EXK and BPOP. Kicking myself for selling LIZ yest. That's OK I wanted to raise cash. Still not crazy about the mkt here and now.
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