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Post by cosmic on Mar 3, 2011 16:32:33 GMT -5
Wow what a barn burner! I voted so prominently bear in the poll last night  I caught a few snapshots today of the dow 200+, which we all know is a sign of the next coming... in case you aren't aware of the history, Brosin has a conjecture that if the Dow does 200+ or more in any given day, it's not a bull market, in that bulls don't achieve those kinds of erratic, volatile gains but instead just grind higher. SINCE we closed at only 191+, the good news is we must still be in a bull market  I added some CNL today, found my Wells Fargo guys can get it. Added a few shares of SQNM, nothing much just rounding up an order. Thought seriously several times about some SPY puts but kind of glad I held off  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 dzech00 on Mar 3, 2011 16:34:31 GMT -5
I thought it was +300 was bad news?
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Post by deadmoney95 on Mar 3, 2011 16:38:54 GMT -5
I thought it was +300 was bad news? i thought it was 300+ too, dzech. 200, hell, that's just bouncing between trend lines.  |
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Post by bellevuetrader on Mar 3, 2011 16:42:21 GMT -5
Yeah...who said 200 point swings aren't normal these days!? Made a nice little gain on FAZ short position. Sold it and went long FAZ at $39.25 for a crap jobs number tomorrow. I'm ready for a 300 point down day because V told me so!! Bwahahaa
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Post by Rich on Mar 3, 2011 16:44:53 GMT -5
happy birthday, DM. day late, dllar short as always  |
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Post by deadmoney95 on Mar 3, 2011 16:48:59 GMT -5
thanks, rich! today's market rise, although a day late, was no less sweet a present.
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Post by papasloth on Mar 3, 2011 17:04:39 GMT -5
Today was a very good day for me. I'm currently holding bullish positions in SVNT, TIVO, and CLWR (short puts on TIVO and CLWR, covered straddle on SVNT). As of right now, the underlying stocks are CLWR: +9.21%, TIVO: +6.20%, SVNT: +2.95% on the day.
I hit a milestone today. As of market close, my trading account is up 105% since April.
I tried to sell some in-the-money Mar. calls against my SVNT stock today to take some off the table, but I couldn't get the price I wanted, and I'm not in a rush. SVNT has closed at high-of-day three days in a row, and is up almost 10% since then. I'll be a little irked if we have a big down day tomorrow, but if I had sold the calls I'd probably be equally irked if we had an up day tomorrow. To trade is to be irked.
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mihai
Broker/Dealer
2nd Place - Road to Opex 7
Posts: 433
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Post by mihai on Mar 3, 2011 17:06:06 GMT -5
Bought probably too much of MCP at 49.45. It closed at 49.84. I hope my hunch of a baby bear tomorrow does not hold up (or that MCP does not follow the market). Looking for a gap up tomorrow in MCP, got a very tight stop. Good luck to all |
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monmon
Margin Account Trader
Posts: 48
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Post by monmon on Mar 3, 2011 17:09:13 GMT -5
first time poster in the wrap ,no trades today ,just reading the board ,had some low bids in the penny land ,so low they didnt fill ,just a question to cosmo /wahts new in the SQNM land ,i 'm lazy to go there and read ,sorry ,but i understood you hated this ticker ,i was in it some time in summer when took a plunge than i did not look at it ,but cosmo keep adding shares . and a question for ask2learn (best wishes after your heart surgery ) whats your take on AIB?could be a chance of not going under water more than they already are ? i am a bag holder there too  |
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Post by demanuel2001 on Mar 3, 2011 17:13:43 GMT -5
What if the market had a raging bull day and you were asleep? It kinda felt like that today. LVS continued to struggle. I tried to scalp the stock - never completed the round trip. I did buy some more $44 calls for tomorrow's expiration and ended up selling half of them for a nice profit. Rest of the portfolio did nicely - overall up 1/4% of the portfolio value.
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Post by benvestor on Mar 3, 2011 17:19:13 GMT -5
solod my lvs calls for even.. chickened out I guess. but I think it could hit 41, i dunno
Bought SLV puts and holding EXK calls
good times.. busy with school, family and new job
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Post by kbk3ck on Mar 3, 2011 18:39:14 GMT -5
Good job Ben. I sold my 155 LVS shares for a tiny profit this morning. Shoulda jumped back in TNA with that $$$. Just held that cash for another day. Made back pretty much all my losses on ERX and SOXL. Acct is where it was Monday.
;D
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Post by tajmahal9898 on Mar 3, 2011 18:56:14 GMT -5
closed WFT long May 20/21 call spread for 33% realized profit - gain of 15 cents out of potential 55 cents profit..
still holding naked May 19 WFT puts -- unrealized profit of 32%..
and CSCO calls/put combo -- 100% loss (5 cents, 4k) so far..
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Post by exabi on Mar 3, 2011 19:52:18 GMT -5
No trades, nice slow grind upward
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Post by PoorHomey on Mar 3, 2011 19:56:38 GMT -5
day late, dllar short as always Are you saying today is not too late to short UUP?  |
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Post by jack on Mar 3, 2011 20:54:00 GMT -5
Met with a financial advisor today and tasked him to determine how much dough I can start blowing on a regular basis ;D  This kind of dough Bwahahahahahaha! |
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Post by jack on Mar 3, 2011 21:07:18 GMT -5
first time poster in the wrap ,no trades today ,just reading the board ,had some low bids in the penny land ,so low they didnt fill ,just a question to cosmo /wahts new in the SQNM land ,i 'm lazy to go there and read ,sorry ,but i understood you hated this ticker ,i was in it some time in summer when took a plunge than i did not look at it ,but cosmo keep adding shares . and a question for asktolearn (best wishes after your heart surgery ) whats your take on AIB?could be a chance of not going under water more than they already are ? i am a bag holder there too Welcome to the wrapmeisters club monmon! Exalt! lol!!! |
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