|
|
Post by cosmic on Mar 16, 2011 15:28:53 GMT -5
Another deep down day... gave back everything gained yesterday after the opening gap down on the Dow. Looking at the Emini chart, there is absolutely no reason I see to go long anything at this point. The chart shows that the sell-off from 1-2:30 was met by a rebound that was not strong enough (unable to hold 1264), so we continued to sell off again.  This isn't over by a longshot, from everything 'Technical.' Doesn't mean an invisible hand won't step in.  No trades today.  Hope everyone made some money today or at least avoided a complete wipeout. Members, please post your results along with your RDA of smileys!  |
|
|
|
Post by maxi on Mar 16, 2011 15:32:24 GMT -5
Bought HK 21.12 Sold 21.97 Bought ACI 34.74 Sold 35.13 Bought FCX 47.93 Sold 50.03 Bought MTW 19.04 sold 19.22 Worn out. Still holding HAL and OPK. Hal will prolly go to 25. LOL oh well....It pay a tiny dividend.....  |
|
|
|
Post by demanuel2001 on Mar 16, 2011 15:40:06 GMT -5
Another sad day overall for the portfolio. Down another 3% of value. Did a couple of LVS scalps but got stuck on the third attempt. I am a trusting sort and I am reasonably confident that the famed "extension cord" gets hooked up in Japan. I wish I had got back from lunch soon enough to think of buying calls on EWJ before the close.
|
|
|
|
Post by commodityypro on Mar 16, 2011 15:51:26 GMT -5
Agree on the technicals Cos. Seems we are bouncing up and down within a downward channel that started beginning of March. This is much more about the recent economic reports coming out of the US then it is about Japan. Old man is saying Japan situation is overdone and to focus on the US situation with QE2 coming to an end in June and with no clear strategy to go forward from there out of Bernanke.
Sold the FAZ I bought yesterday at almost the top and made a nice 6.5% gainer. Bought back the FAZ @ the close @ $45 for what I think will be another 3% minimum gainer by mid day tomorrow. If we gap up I'll play TYP with Timber. Also looking to add more DGP and SLW. Will hold off on SLW if we see a break of this level at $38.38 and then wait until $36.80 ish to see if that holds. Also got stopped out of 1/3 my HERO today but still made 15% on it.
Watch for retest of 1250 S&P again tomorrow
GL to everyone!
|
|
|
|
Post by brosin on Mar 16, 2011 15:54:51 GMT -5
FFR was level at .14% and remains in 'stink bid watch' territory; after yesterday's bullish move from the 12 month low, it is at least a positive sign that it held the gain. Hopefully it does so or even moves more bullishly tomorrow, although I don't have my hopes very high on that given the still dangerous situations abroad. My FAZ unlost all the way back so that I am currently down -.3% on it (avg $9.02 = $45.10)... too bad I did not short FAS, but I'm still waiting for the 3 straight big down days in a row before I will sell these shares (I'm expecting it to be the next 2 days, but we'll see) monopoly world / big cap acct - intraday the account touched a new high since inception and pulled back slightly into the close; I am still right near my closing high if this wasn't it. This is why I was 'shorting in a bull market' - I have made an admittedly ridiculous amount in only a few sessions. Sad thing is that there is still (much) more to go even though few believe it. A few moves (even a couple LONGS!), acct +5.5% on the day shorts: (add) LNG @ $8.80 & $8.60 / avg $8.36 unrealized -1.1% on 6x short position (add) CHK @ $35.07 / avg $32.25 unrealized -7.4% on a 7x short position (add) NFLX @ $215.35 & $216.10 / avg $208.33 unrealized -2.6% on a 6x short position (add) PCLN @ $455.50 / avg $438.63 unrealized -4% on a 9x short position buys: (to cover 33%) LUV @ $12.25 / +1.4%; holding other 66% avg $12.41 unrealized +3.2% (to cover 60%) AAPL @ $332.60, $328.80, $333 for +1.5% on that 60%; holding other 40% avg $336.58 unrealized +2% (NEW) SLV @ $33.40 (NEW) GOLD @ $71.50 (NEW) GLD @ $136.22 I am now 6% long, 94% short |
|
|
|
Post by theMIST on Mar 16, 2011 15:58:28 GMT -5
"This is much more about the recent economic reports coming out of the US then it is about Japan"
You have got to be kidding, right!!??
|
|
|
|
Post by commodityypro on Mar 16, 2011 16:08:54 GMT -5
"This is much more about the recent economic reports coming out of the US then it is about Japan" You have got to be kidding, right!!?? No I'm not kidding MIST. Big Boys always make their moves well n advance. I forget who mentioned it earlier but we would be having this pullback even if you took out Japan, Libya, Saudi, ect. This is profit taking at it's best from the huge runnup as well as foreshadowing the end of QE2 in a few months. It just happens that this other stuff is going on at the same time. I know you said that the day I came back to FAStopia that that marked the bottom of the market, so how has that worked for ya? **sarcasm that went sour, sorry MIST** I'm just saying MIST, look at the charts. This started way before the Japan situation. We have only pulled back 6% so far from the high of 1343 S&P. They needed buyers in the market and there weren't any until the 1st of the year until the retail buyers stepped in. Rinse and repeat. Not to mention that the rise in energy and other commodities was going to show it's face sooner or later and it did today in the PPI # and the big boys were positioning themselves well in advance for this. Companies are not going to be able to keep up the margins they are getting now and earnings forecasts will have to be re-stated downwards. Watch. Come earnings seasons you will hear it in the conference calls. Not necessarily the service companies but for sure in the goods companies. |
|
|
|
Post by bellevuetrader on Mar 16, 2011 16:16:24 GMT -5
Lost some bucks today...that's what I get for wanting to be a HERO...which was also a looserrrrr! Oh well...live to fight another day! I see us bouncing here thanks to an invisible hand!
|
|
|
|
Post by kbk3ck on Mar 16, 2011 16:18:37 GMT -5
Lost another shi+ load. LOL My GLNG did good and then sold off. I sold that at $22.06 Still holding my poor old ERX and TNA. (Why?!? Why God?!?  ) |
|
|
|
Post by sloop on Mar 16, 2011 16:29:01 GMT -5
Made a nice trade with CAT lost with CRUS still in TTIM and at the end of the day I bought back in CRUS. Im hoping we hit 1250 then bounce back ..
|
|
|
|
Post by theMIST on Mar 16, 2011 16:35:15 GMT -5
"I know you said that the day I came back to FAStopia that that marked the bottom of the market"
FYI -- it was a joke
"so how has that worked for ya?"
that's not very nice
|
|
|
|
Post by Clinton SPX on Mar 16, 2011 17:16:31 GMT -5
No Trades
PSUN bad earnings -13.9% ouch
but
my ZBB, MXC and NSU all green to lessen the sting
still a bad day
|
|
|
|
Post by commodityypro on Mar 16, 2011 19:09:55 GMT -5
"I know you said that the day I came back to FAStopia that that marked the bottom of the market" FYI -- it was a joke "so how has that worked for ya?" that's not very nice I apologize MIST, my attempt at humor did not work. I know you were joking. Please take no offence |
|
|
|
Post by bellevuetrader on Mar 16, 2011 19:13:32 GMT -5
"I know you said that the day I came back to FAStopia that that marked the bottom of the market" FYI -- it was a joke "so how has that worked for ya?" that's not very nice I apologize MIST, my attempt at humor did not work. I know you were joking. Please take no offence You must mean "offense"....lol |
|
|
|
Post by commodityypro on Mar 16, 2011 19:17:10 GMT -5
yes, please correct me. I was never good with grammer or is it grammar?
|
|
|
|
Post by jack on Mar 16, 2011 19:22:18 GMT -5
yes, please correct me. I was never good with grammer or is it grammar? Grammer is the person who suckled yer Mom or Dad  |
|
|
|
Post by puurfectten on Mar 16, 2011 21:25:14 GMT -5
dumped my bac apr 13puts and gs apr 165's from last week..nice gain..left a little meat on the bone though..  maybe better next time..looking for that opexy push back towards around 1285 ish and a nice vix gring down to re-load...  ..all cash now.. |
|
|
|
Post by puurfectten on Mar 16, 2011 21:26:14 GMT -5
oops..that was gs apr 155's..  |
|
|
|
Post by janedoji on Mar 16, 2011 22:06:06 GMT -5
picked up some bgu at the close,
watched my c go down, my pcx go up,
and ftlk (my little Chinese cell phone company) is basically immune to world events
baked brownies, ran and just opened a bottle of
HOPE-- cheap, but tasty shiraz, hunter valley australia
I want to hear ideas and solutions
--to the nuclear reactor problem, and
--to help the people in the surrounding communities
would the fruitloops on tv that are fearmongering just shut the heck up?
GLTA and congrats to those of you in the green on the contest.
janey
|
|
|
|
Post by Clinton SPX on Mar 16, 2011 22:08:33 GMT -5
Janedoji Im going to exalt you on your choice of name.
|
|
|
|
Post by janedoji on Mar 16, 2011 22:14:54 GMT -5
hey clinton, thank you. that's really kind
|
|
|
|
Post by Rich on Mar 16, 2011 22:18:16 GMT -5
I just read back thru the thread, funny, we both thought sheppard had too much makeup
|
|
|
|
Post by davetherave on Mar 16, 2011 22:57:21 GMT -5
Sold out of tag end of BPOP for a small loss . Still long EXK, NGD and LULU.
|
|
|
|
Post by commodityypro on Mar 16, 2011 23:37:29 GMT -5
yes, please correct me. I was never good with grammer or is it grammar? Grammer is the person who suckled yer Mom or Dad LMAO.. Lately Jack, you've reminded me of the old days. pre-FAStopia.. |
|
|
|
Post by theMIST on Mar 16, 2011 23:59:52 GMT -5
No prob Commod. Apology accepted.
|
|
)
maybe better next time..looking for that opexy push back towards around 1285 ish and a nice vix gring down to re-load... 
..all cash now..
