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Post by cosmic on Mar 17, 2011 15:07:04 GMT -5
Big up day, of course after I said well Must be bear again - lol - I couldn't script this stuff. Ah well so much guessing the squiggles.  I sold the call side of my SPY straddle today for a 19% profit, which I thought was pretty good considering it had been rammed into the ground for a few days. I think I benefitted from playing the Mar 31's rather than the current week... which just seemed scary.  Still holding the put side it's slightly underwater but I should be able to exit it tomorrow at even as there will most likely be some dip at some point.  SQNM calls and shares seem to be doing better right now so that's good. Again the chart on that play is horrible so you need a lot of risk tolerance. My calls are green today for the first time.  No other trades, although I seriously contemplated selling off all my remaining mutual funds for the time being. I decided to see the action tomorrow - which could win or lose me a bundle depending on the mood  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 sloop on Mar 17, 2011 15:09:49 GMT -5
Still in CRUS chart looks a mess so im watching close. Cramer came out and said he didn't like tech so thats what went wrong today.
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Post by bellevuetrader on Mar 17, 2011 15:09:54 GMT -5
Dip at some point tomorrow? It's quad witching...and Japan is fine. Reactors are back to normal. And CPI and Jobless numbers....they're all fine. Obama said so.
No trades for me today. Happy St. Patty's day to all!
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Post by cosmic on Mar 17, 2011 15:38:03 GMT -5
 Uploaded with ImageShack.usI wouldn't say I'm perfect with charts or anything, but that looks kinda text book. |
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Post by timber on Mar 17, 2011 15:41:44 GMT -5
sqnm has insiders buying it
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Post by sloop on Mar 17, 2011 15:45:31 GMT -5
sqnm has insiders buying it The amount is whats important and how many insiders at the same time is important |
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Post by timber on Mar 17, 2011 15:47:33 GMT -5
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Post by jack on Mar 17, 2011 15:54:44 GMT -5
Sloopy - As you know the "Head & Shoulders Pattern" is one of the most reliable trend-reversal patterns. This would suggest that we continue w/ the correction if not worse. I thought you were long - why do you like this? www.investopedia.com/terms/h/head-shoulders.asp |
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Post by benvestor on Mar 17, 2011 16:00:46 GMT -5
Holding on to my Winning VXX calls for dear life... I curse you OTM CALLS, a hex on you lol so i havent even checked but i think I am way down on my 2 calls.. that sux. Shoulda bought puts when it went parabolic but i thought maybe flash crash was happenining again.. I caught the bottom once.. ah it was not to be this time What i wonder about really, Is why no one is talking about GODZILLA here.. I mean we have the nuclear meltdown, and the ocean is shaking.. So doesnt that indicate that Godzilla is about to tromp around!!?? Oh shit buy builders hand over first japan is getting smashed!! I mean who hasnt seen the damn biographies from the 80's??   Just trying to shed some light and humor on the situation, GL guys!! |
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Post by benvestor on Mar 17, 2011 16:02:53 GMT -5
Sloopy - As you know the "Head & Shoulders Pattern" is one of the most reliable trend-reversal patterns. This would suggest that we continue w/ the correction if not worse. I thought you were long - why do you like this? www.investopedia.com/terms/h/head-shoulders.aspJack what Cos showed was a small HS, with a negative target of 7-10 points from the 1267 shoulder.. the target was actually met. After that, we could see a IHS start to be built. Depends heavily on tomorrow |
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Post by demanuel2001 on Mar 17, 2011 16:11:53 GMT -5
I'd almost forgotten what it was like to have an up day. Up about 1.5% for the day. Small gain in LVS - also gains across the board and in EWJ. Looking for bigger gains tomorrow.
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Post by Clinton SPX on Mar 17, 2011 16:19:34 GMT -5
Holding on to my Winning VXX calls for dear life... I curse you OTM CALLS, a hex on you lol so i havent even checked but i think I am way down on my 2 calls.. that sux. Shoulda bought puts when it went parabolic but i thought maybe flash crash was happenining again.. I caught the bottom once.. ah it was not to be this time What i wonder about really, Is why no one is talking about GODZILLA here.. I mean we have the nuclear meltdown, and the ocean is shaking.. So doesnt that indicate that Godzilla is about to tromp around!!?? Oh shit buy builders hand over first japan is getting smashed!! I mean who hasnt seen the damn biographies from the 80's?? Just trying to shed some light and humor on the situation, GL guys!! |
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Post by jack on Mar 17, 2011 16:20:08 GMT -5
Sloopy - As you know the "Head & Shoulders Pattern" is one of the most reliable trend-reversal patterns. This would suggest that we continue w/ the correction if not worse. I thought you were long - why do you like this? www.investopedia.com/terms/h/head-shoulders.aspJack what Cos showed was a small HS, with a negative target of 7-10 points from the 1267 shoulder.. the target was actually met. After that, we could see a IHS start to be built. Depends heavily on tomorrow Ben - I KNEW THAT! Not!!! lol!!! Exalt Ben! |
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Post by sloop on Mar 17, 2011 16:25:22 GMT -5
Timber that is not an up grade. Do you know how Seeking Alpha works? Anyone can write an article. YOU could write an article...you just sign up |
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Post by maxi on Mar 17, 2011 16:27:39 GMT -5
Sloopy - As you know the "Head & Shoulders Pattern" is one of the most reliable trend-reversal patterns. This would suggest that we continue w/ the correction if not worse. I thought you were long - why do you like this? www.investopedia.com/terms/h/head-shoulders.aspI have read the exact opposite tho on other sites. That the head and shoulders is one of the most UNreliable patterns. so who u gonna believe? |
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Post by sloop on Mar 17, 2011 16:30:06 GMT -5
Sloopy - As you know the "Head & Shoulders Pattern" is one of the most reliable trend-reversal patterns. This would suggest that we continue w/ the correction if not worse. I thought you were long - why do you like this? www.investopedia.com/terms/h/head-shoulders.aspI have read the exact opposite tho on other sites. That the head and shoulders is one of the most UNreliable patterns. so who u gonna believe? ITS very reliable once it breaks the neck line...thats KEY! |
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Post by jack on Mar 17, 2011 16:30:57 GMT -5
Sloopy - As you know the "Head & Shoulders Pattern" is one of the most reliable trend-reversal patterns. This would suggest that we continue w/ the correction if not worse. I thought you were long - why do you like this? www.investopedia.com/terms/h/head-shoulders.aspI have read the exact opposite tho on other sites. That the head and shoulders is one of the most UNreliable patterns. so who u gonna believe? How can I ever learn when there is such a discrepancy?   |
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Post by sloop on Mar 17, 2011 16:31:02 GMT -5
you also have a double bottom there which is bullish
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Post by papasloth on Mar 17, 2011 16:34:21 GMT -5
Double bottom, inverse head and shoulders, I thought this was a PG site you pervs.
I have fundamental problems with this technical analysis!
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Post by timber on Mar 17, 2011 16:34:46 GMT -5
sloop i just report what i see i have no opinion on stocks i dont own.....sqnm has a market outperform today which is an upgrade for me
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Post by jack on Mar 17, 2011 16:38:14 GMT -5
Double bottom, inverse head and shoulders, I thought this was a PG site you pervs. I have fundamental problems with this technical analysis! "I have fundamental problems with this technical analysis!" Papa - very good! Worthy of an Exalt but I'm out can someone throw Papa one for me? Thx |
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Post by brosin on Mar 17, 2011 16:39:40 GMT -5
FFR was level at .14% and remains in 'stink bid watch' territory. While it was a good sign for the bulls that it showed bullishly into Tuesday morning even with the Japanese market down over 10%, it is a bad sign that with futures as green as they were last night that this did not pop. Hopefully it will tomorrow - a move to .15% would put it back in "only" 'deployment on risk' territory.  My FAZ relost a bit today coming off yesterday's close where it was as close to green as I have been since initiating the position Big cap / monopoly world [/url] - small down day, nowhere near as bad as I would've expected if you told me last night the market would be +160 point in the Dow, acct -1.7% on the day with a few moves sells: (all) GOLD @ $72.65 / +1.7% was a single 1x long position from yesterday buys: (to cover all remaining) LUV @ $12.04 & $11.90 / +3.5% on that batch, +2.8% on the overall 3x short position trade (to cover 20%) LNG @ $8.30 / +.8% still holding 5x short position avg $8.36 unrealized -.6% shorts: (add) S @ $5.01 / now 5x short position avg $4.92 unrealized -2.8% (add) AAPL @ $338 / now 5x short position avg $337.06 unrealized +.7% (had covered a bunch of shares yesterday around $330, wanted to re-add a couple) (add) PCLN @ $455.50 / now a 10x short position avg $440.51 unrealized -2.7% (I'm a sucker for $455.50 / same spot I added yest) (new) HK @ $22.75 I am 4% long (holding GLD/SLV), 96% short |
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Post by maxi on Mar 17, 2011 16:48:46 GMT -5
I tell yah something. When they raise interest rates that is when the market will reset. And after it does THAT is your once in a lifetime chance to go long (again) seems like we have a whole host of once in a lifetime opportunities lately.
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Post by bellevuetrader on Mar 17, 2011 17:40:08 GMT -5
Once in a lifetime opportunities seems to be happening daily...which means they're nothing special. Perhaps we should all adapt to this violent market and play the swings! IMO charts are out the window at the moment...
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Post by Rich on Mar 17, 2011 18:37:59 GMT -5
Almost bought some longs today.
Not sure it's quite time yet.
But that 'V' looking bottom was tempting.
Good day here, 65 degrees!
Happy St. Pat's everybody!
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Post by benvestor on Mar 17, 2011 22:07:53 GMT -5
I freakn kid you not I bought these VXX calls the exact bottom of this little correction.. How the heck does that work?? i was in a coffee shop studying and browsing, not even trading.. I think "hey ill try a trade, vix is shooting up with all this selloff.."
So i go look at VXX and the options say .60 i set the limit to .70 then its at .75 so i move it to .80 then its at 90 and then i just say ok its crashing and do a market order.. THEN i get them for 1.20 and i refresh the B/A its at 1.18.. then a few mins later they crash back down!!!
I mean WTFFF of all the serendipitous happenings.. If i was using TDA i could have bought at .70 been out at 1.50 and been happy.. But slow ass SHAREBUILDER could not keep up with my needs and now im screwed, AGAIN!!!
its only 240 bucks, but to be honst that is just about the rest of my trading account.
OK i know i vented this yesterday but, this kind of shit bugs me! I mean i didnt even have time to set a stop with how fast it came back down..
ohhh son of a gun.. im getting drunk tonight anyhow for St pattys day.. Im just going to bide my time, save up a few bucks and be in after we bottom again..
happy st pattys day!
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Post by benvestor on Mar 17, 2011 22:12:55 GMT -5
I just need to check and recheck my trades, cant trade of the cuff
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Post by kbk3ck on Mar 17, 2011 23:19:11 GMT -5
Did some traden and shit. Drank some beer. Mowed the yard. Drank some beer. Hung some textured wall paper. Drank some beer. Bought some stuff in AH but caint remember what it was. Drank some beer. I Love every focking one of yall. Drinken more beer.
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Post by kbk3ck on Mar 18, 2011 0:44:12 GMT -5
Heres my contribution to the wrap. And no I didnt really make as much money as Ben says it sounds like I made. AND, Im not as think as u drunk I am.
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