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Post by cosmic on Mar 8, 2011 16:28:51 GMT -5
The game must really be on... I show the s&p closing right around support/resistance and in this case it really would matter exactly where you draw the line. One pixel either way and you could argue just under resistance (bearish) or just over support. I can't tell!!  I sold some mutual fund positions today as patriot increasing overall cash position and holding to the 'increase cash position' mantra.  Sold BMEAX and FIIAX. Hope everyone made some money today and will do so tomorrow. Members, please post your results along with your RDA of new and improved smileys!  |
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Post by maxi on Mar 8, 2011 16:46:23 GMT -5
I actually used a stop on FUQI. Well a mental one but I sold at my stop which is rare for me! I dumped it at 4.80. Bought at 4.97. 100 shares.
Bought HAL. think I'm going to do what I did last time and buy every time (if it does) it goes down a buck. Worked out really well before.
My favorite ZLCS reports tomorrow morning. I am not in it but it is a fun trading stock and I will play it again i think after earnings.
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Post by PoorHomey on Mar 8, 2011 16:46:59 GMT -5
I was like a toddler with a 48oz steak - bit off a bit more than I could chew.  Amazing how fast you can go from the one doing the chewing, to the one being chewed upon.  |
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Post by kryptos2009 on Mar 8, 2011 16:54:24 GMT -5
Holding 900 FAS @ 32.03 avg including fees Sold 9 FAS Mar 11 32.0 Calls @ 0.48 against the position |
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Post by papasloth on Mar 8, 2011 16:56:52 GMT -5
Some pullback from the high water mark last Thursday, down around 7% from peak.
SVNT looks to be setting up for a $10 close on Mar. options expiration. I'm short some Mar 11 puts, and don't want to change my long stock position when they close in-the-money, so I shorted some Mar 10 calls for 0.25/sh. If SVNT closes between 10-11 on Mar. 18th, I'll have the same long position.
TIVO was down a lot today on news of a Microsoft patent suit. I sold some Mar 8 puts, so now I'm short both the Mar 8's and the Mar 9's.
LDK was also down today on news of a downgrade. I've been out of LDK for a couple of months, but I opened a new short Mar 11 put position.
My CLWR short puts continue to be green.
Right now, in theory, I'm collecting $3,000/day in theta decay.
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Post by demanuel2001 on Mar 8, 2011 17:20:06 GMT -5
Well my elevator stopped going down today. Didn't do a whole lot of trading. Did one LVS stock scalp that netted $1k. Wrote some Friday $42 puts to straighten out the $42 calls I bought yesterday. Up somewhat better than 1/2% which puts me just barely back in the black YTD. Heading off to Vegas tomorrow. Gonna look for a condo to buy and also plan to do the el Bullimic thing and eat at "e by Jose Andres". Comped at NY NY. Back Saturday night. Try not to break the market any more than it already is while I'm gone.
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Post by benvestor on Mar 8, 2011 17:22:43 GMT -5
Just held some EXK calls. Will roll them forward tomorrow i think
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Post by novice08 on Mar 8, 2011 17:44:19 GMT -5
No trades today, tried to buy some more exk, never filled. Maybe tomorrow/Thurs...  |
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Post by brosin on Mar 8, 2011 18:10:21 GMT -5
FFR was bearish to .14% - the battle between .15% & .16% (18 straight days) has resolved itself to the bears. Of course the market responded today with a "nothing to see here." ;D P.S. I saw a sneak preview today for Bears IX - looks like they put a lot of production dollars into it  I'm a big fan of this Bears VIII: Stuck in the "Realities" of 2008 movie we're watching now. It is one of the better ones, especially given the May 6th Crash that was involved in getting it started. Bears IX had better not disappoint, although it won't start up again until we're at least at 1250 SPX. My FAZ relost as I saw my IRA "stalwart" BAC was way up  Speaking of the IRA, I finally bought something on my BTFD list with my 40% cash position when I dipped into GOLD at $73.00 - it would fall to $71.xx before finally bouncing. Its earnings picture looks like SLW's for coming quarters  ALERT TO GOLD BUGS EVERYWHERE: THIS IS MY FIRST EVER GOLD RELATED IRA PLAY THAT WAS NOT FCX. I don't know if that's good or bad for you guys  monopoly world / big cap acct - no moves, obviously gave some back today and have to admit, really didn't see this one coming (even more than normal!), acct -5% on the day; i remain 100% short and with a margin call .. Still predicting major doom (>200 pts down on a day) by Thursday  |
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Post by novice08 on Mar 8, 2011 18:21:36 GMT -5
ALERT TO GOLD BUGS EVERYWHERE: THIS IS MY FIRST EVER GOLD RELATED IRA PLAY THAT WAS NOT FCX Way to go, Bros! Next up-- Silver?
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Post by Rothschild on Mar 8, 2011 18:29:13 GMT -5
Booked gains on TYH for some 2.5% and took a loss on Din of -0.30% for a net gain of 2.2%. I knew we were gonna run today but will we run Wed?!?! I dunno
Hope everyone made a boatload of dough like Jamie Dimon and will continue to do so ad infinitum.
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Post by brosin on Mar 8, 2011 18:30:21 GMT -5
ALERT TO GOLD BUGS EVERYWHERE: THIS IS MY FIRST EVER GOLD RELATED IRA PLAY THAT WAS NOT FCX Way to go, Bros! Next up-- Silver? LOL ;D Agreed N - I think silver is forming a bubble like crude's in 2008, but SLW is on my BTFD list as well. If it would just stop going up so god**mn fast, maybe I could buy some!!  Check out SLW's & GOLD's earnings projs for next few quarters. To answer your question though, I'm not sure what's up next. I'll take what the market gives me - In a way it is good for me to temper my short term bearishness by looking for long term gems. CYOU and CF stick out as I look at it now. I really liked the prices on F, LVS, and ANR late yesterday too but didn't pull the trigger. GOLD's 6% drop today on nothing was a good enough DTFB for me ;D My list: www.fastopia.proboards.com/index.cgi?action=gotopost&board=exchange&thread=16181&post=164425 |
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Post by Rothschild on Mar 8, 2011 18:30:56 GMT -5
FFR was bearish to .14% - the battle between .15% & .16% (18 straight days) has resolved itself to the bears. Of course the market responded today with a "nothing to see here." ;D P.S. I saw a sneak preview today for Bears IX - looks like they put a lot of production dollars into it I'm a big fan of this Bears VIII: Stuck in the "Realities" of 2008 movie we're watching now. It is one of the better ones, especially given the May 6th Crash that was involved in getting it started. Bears IX had better not disappoint, although it won't start up again until we're at least at 1250 SPX. My FAZ relost as I saw my IRA "stalwart" BAC was way up Speaking of the IRA, I finally bought something on my BTFD list with my 40% cash position when I dipped into GOLD at $73.00 - it would fall to $71.xx before finally bouncing. Its earnings picture looks like SLW's for coming quarters ALERT TO GOLD BUGS EVERYWHERE: THIS IS MY FIRST EVER GOLD RELATED IRA PLAY THAT WAS NOT FCX. I don't know if that's good or bad for you guys monopoly world / big cap acct - no moves, obviously gave some back today and have to admit, really didn't see this one coming (even more than normal!), acct -5% on the day; i remain 100% short and with a margin call .. Still predicting major doom (>200 pts down on a day) by Thursday Great entry point on GOLD; I cant wait till they start raising rates...... Gold will fly to the moon! |
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Post by PoorHomey on Mar 8, 2011 18:35:44 GMT -5
P.S. I saw a sneak preview today for Bears IX - looks like they put a lot of production dollars into it. I heard a rumor that movie will premier as soon as the Major studios finish pulling their production dollars out of it.  |
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Post by bellevuetrader on Mar 8, 2011 18:48:53 GMT -5
Took a beating on HERO past few days! Down about 10%...excuse me, 9.99%! Broke even on FAZ position! I'm ready for tomorrow! Bring it on!
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Post by brosin on Mar 8, 2011 18:54:03 GMT -5
Some pullback from the high water mark last Thursday, down around 7% from peak. SVNT looks to be setting up for a $10 close on Mar. options expiration. I'm short some Mar 11 puts, and don't want to change my long stock position when they close in-the-money, so I shorted some Mar 10 calls for 0.25/sh. If SVNT closes between 10-11 on Mar. 18th, I'll have the same long position. TIVO was down a lot today on news of a Microsoft patent suit. I sold some Mar 8 puts, so now I'm short both the Mar 8's and the Mar 9's. LDK was also down today on news of a downgrade. I've been out of LDK for a couple of months, but I opened a new short Mar 11 put position. My CLWR short puts continue to be green. Right now, in theory, I'm collecting $3,000/day in theta decay. Hey Papa, just to clarify, your short $11 puts closing ITM means you gain additional long shares at $11 (with a net cost of $11 minus the premium you collected?)- correct? I'm just trying to think through it and I feel like it's a big confusing circle ;D I'm picturing it as someone owns your puts that will close ITM so that they will be able to short the stock at $11 which means selling the shares to you at $11? Is there an easier way to envision? |
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Post by davetherave on Mar 8, 2011 19:04:11 GMT -5
Bought back a portion of the EXK that I sold yesterday. Gap fill in one day. Still overweight.
NGD almost sold the lot....making me a bit nervous here.
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Post by papasloth on Mar 8, 2011 19:14:05 GMT -5
Hey Papa, just to clarify, your short $11 puts closing ITM means you gain additional long shares at $11 (with a net cost of $11 minus the premium you collected?)- correct? I'm just trying to think through it and I feel like it's a big confusing circle ;D I'm picturing it as someone owns your puts that will close ITM so that they will be able to short the stock at $11 which means selling the shares to you at $11? Is there an easier way to envision? That's right, by shorting 11 puts, i have agreed to buy stock for 11. Someone has bought the right to sell me stock for 11. In this case, they paid me $2.00/sh to buy this right. I think of it as selling an insurance policy. Someone has decided to buy insurance on their long position. If their stock goes up, they keep the profit but their insurance is worthless, and I keep the premium. If the stock goes down, I have agreed to buy their shares for a fixed price, so they are protected from any downside. |
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Post by jack on Mar 8, 2011 19:34:32 GMT -5
Took it in the ass - pigs get slaughtered. lol!!!   |
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Post by tajmahal9898 on Mar 8, 2011 22:57:44 GMT -5
CSCO March 18 calls were up slightly -- by a cent or two... short March 18 puts survived one more day...
Bot a lot of SOXL between 62 and 62.5.. Tomorrow, I will probably be in red on this holding due to FNSR...
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