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Post by cosmic on Mar 11, 2011 16:34:26 GMT -5
Back and forth... indecisive... up or down, looks good from a support perspective but we all know how that can turn out over a weekend. I think this would have been a good day to return to all cash, but alas I am a bagholder on a few things... SQNM, few shares of LVS, etc etc. Not particularly worried either way, better to be in than wanting in if we should resume upward, and not so far in that I can't eat until the market starts going up again I added some SQNM Jun calls today, dirt cheap on the 7's - yes they can still probably be had for less as TP wears out, but it seemed to be the right strike. Almost picked up a diagonal spread on FAS today but didn't, couldn't get a feel for the bank action - seemed all over the place. You know gang it doesn't feel so much like a top as a distribution and rotation. Maybe that's why it's so odd. Someone mentioned the other day that tops rarely allow so many exit points. Hope everyone made some money today and will do so on Monday. Members, please post your results along with your RDA of smileys!
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Post by jack on Mar 11, 2011 16:38:24 GMT -5
Dumped that FNSR of mine for a $200K profit...dont ask what it coulda been before tuesday! lol!!!!
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Post by Arc on Mar 11, 2011 16:42:15 GMT -5
Dumped that FNSR of mine for a $200K profit...dont ask what it coulda been before tuesday! lol!!!! Money in the bank Jack. Excellent Job!!!!!
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Post by PoorHomey on Mar 11, 2011 16:52:47 GMT -5
I made $84!! I've managed to scratch back the ground I lost purchasing a new truck and am now only $555.61 from my 50% goal. Made a new 1,902 week high by $9.15 ;D I'm going to enjoy that for a moment before I go put gas in my truck.
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Post by deadmoney95 on Mar 11, 2011 17:01:43 GMT -5
Dumped that FNSR of mine for a $200K profit...dont ask what it coulda been before tuesday! lol!!!! That's straight-up gangsta, jack.
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Post by timber on Mar 11, 2011 17:26:37 GMT -5
what happened to fnsr
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Post by davetherave on Mar 11, 2011 17:31:00 GMT -5
Bought LULU....still holding EXK after adding small past few days.... still long NGD and BPOP
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Post by Rich on Mar 11, 2011 17:52:58 GMT -5
Davetherave.....are you a knights templar?
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Post by maxi on Mar 11, 2011 17:54:26 GMT -5
Holding HAL and FCX. Had more Command Center issues received 25 more free trades!
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Post by benvestor on Mar 11, 2011 18:20:55 GMT -5
Davetherave.....are you a knights templar? that is a "independant" sticker Rich, its a skateboard truck (as in the thing that holds the wheels on) company
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Post by PoorHomey on Mar 11, 2011 18:26:49 GMT -5
received 25 more free trades! That's 47 free trades in 2 days? That's $469.53!! I need to find something to complain about!
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Post by davetherave on Mar 11, 2011 18:33:34 GMT -5
Rich,
I am not a Knights Templar but I am familiar with them and their history. Glad it was not confused with an Iron Cross. Are you a Knights Templar or a skater?
-Dave
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Post by maxi on Mar 11, 2011 18:57:53 GMT -5
received 25 more free trades! That's 47 free trades in 2 days? That's $469.53!! I need to find something to complain about! I pay 8 bucks a trade. so all told recently in the last month I have gotten 60 free trades.. Yep it's a growin' business....
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Post by bellevuetrader on Mar 11, 2011 19:15:31 GMT -5
Thanks to Maxi I set a stop on FAZ and was stopped out! Could've been worse! Thankfully I walked with a 2.8% profit and will live to fight another day! Thanks for the advice and reminder Maxi! Picked up some more HERO and MVIS today...breaking even on those. Hope everyone did well! Next week shall be interesting!
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Post by exabi on Mar 11, 2011 19:17:41 GMT -5
Was expecting a really crappy day when I saw the news around 0430 est.... pleasantly surprised how the day turned out....no trades today.
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Post by benvestor on Mar 11, 2011 23:21:42 GMT -5
silver blah blah
hoping it spikes down and then come back up hard mon or tues
Getting sick of making the same mistakes over and over again
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Post by tajmahal9898 on Mar 11, 2011 23:32:59 GMT -5
Dumped that FNSR of mine for a $200K profit...dont ask what it coulda been before tuesday! lol!!!! Excellent job my friend.. Now I am the bag holder.. have FNSR and SOXL in three accounts, day trading, ira and long term... hope FNSR recovers tuesday drop by 50%, i stand to make very decent profit..
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Post by jack on Mar 12, 2011 0:22:16 GMT -5
Dumped that FNSR of mine for a $200K profit...dont ask what it coulda been before tuesday! lol!!!! Excellent job my friend.. Now I am the bag holder.. have FNSR and SOXL in three accounts, day trading, ira and long term... hope FNSR recovers tuesday drop by 50%, i stand to make very decent profit.. Thanks Taj & my good friends! Might have to wait a bit Taj - after this latest debacle 1, 3...6mos? Not bad: I waited 6yrs! lol!!!
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Post by brosin on Mar 14, 2011 0:41:52 GMT -5
FFR was level for the 4th straight day at .14% and remains in 'deployment on risk' territory and at a 12 month low.
My FAZ relost some
monopoly world - down day as the market was up, acct -3.9% but did sell the 5 longs I had bought Thurs
sells: (all) ANR @ $51.25 / +1.3% (all) SLV @ $35.07 / +1.9% (all) GLD @ $138.58 / +.5% (all) LVS @ $40.25 / +.3% (all) GOLD @ $73.65 / -.1%
buys: (add) DRV @ $15.15, avg now $18.09 unrealized -15.9% on 12x "long" position
shorts: (add) BKE @ $38.05 & $38.70, avg now $37.99 unrealized -1.6% on a 4.5x short position (add) S @ $5.08 , avg now $4.89 unrealized - 2.4% on a 3.5x short position
i went back to 0% long, 98% short, 2% cash
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