Cosmic's MarketPlace Wrap - 3/23/2011

[cosmic]

Slow grindy crawl today, not fast action, so feels sort of opex-ish. Actually the entire month of March feels like a huge unwind of some sort. Weekly calls feel like they were getting an ounce of inflation to fix a pound of mind-numbing TP decay over the last few weeks.

I did no trades today, but noticed that if I'd held those SPY puts I could have sold them this morning for a very nice gain. I'm not sure how I feel here... stops save lives, but also screw you over. And this market is generally in 'screw you over' mode because obviously these bankers are poor and need to bilk you, me, and Uncle Sam and retired Aunt Beatrice out of every 1/2 penny we have for their golden shitters. Such a short term view they have of their immortal souls lol.

I posted earlier I don't think 1250 was the bottom, and I wanted to see a minimum of 3 days in a row holding over 1300 before I would consider this market for a new long position. I still believe that given that we did not close above 1300. To me, it's just a trick by those same golden-shitter owners.

Hope everyone made some money (enough to purchase a golden shitter!) and will do so tomorrow. Members, please post your results along with your RDA of smileys!

[Clinton SPX]

Sold my MXC in 10.01 out 13.31

[demanuel2001]

Well - I predicted a bear today unless we heard improved news out of Japan and Libya and I guess the news was fairly positive on both fronts. LVS moved up nicely and I pulled off one stock scalp. CREE was a black spot and I'm beginning to kick myself for ever buying that sucker. Otherwise a good day - up rather more than 1% of portfolio value today.

[demanuel2001]

"(enough to purchase a golden shitter!)" = I made enough to buy a meal at Golden Corral - does that count?

[tajmahal9898]

was a decent up day

long SOXL, long FNSR, short CSCO April 18 puts were all up...

day traded long CSCO shares, realized profit of 16 cents.

shorted CENX at 17.92/17.93 -- still holding short position.

[janedoji]

sold some ftlk for profit
reduced my position in C for a loss

raising cash,

between the two sales up a bit, -- can also go to golden corral
but should have sold the C on Monday-- was on the fence

bought QID too early at 55.48, then bought again at 54.04
Oh, patience grasshopper...

I am on the bear team for tomorrow. glta
janey

[davetherave]

Overall a great day!

Added to NGD at 11.04 with the cash I raised from a partial sale of EXK from yesterday.

Added to LULU at 78.20

KOG - this small position was off 3%....figures... Kodiak is a bear or just a crap stock

[maxi]

My HAL shares are green again finally. LVS was up almost 2.5%

No other trades altho at one point I was tempted. Both FCX and MTW continue to go up up and away without me...

[exabi]

Mar 23, 2011 16:13:02 GMT -5 demanuel2001 said:

"(enough to purchase a golden shitter!)" = I made enough to buy a meal at Golden Corral - does that count?

Ahh......the Feed Lot, not to be confused with the Hungry Heffer

Nice unlosing day on a couple of positions, and gains on a couple of others

[kbk3ck]

Sold my FAS today. Took that $ and a little more and got another 100 shares of ERX today. SOXL and ERX still holding.

[bellevuetrader]

No trades for me...The Golden Shitters offered me 3% today for my TZA shares...I gave them the golden finger and said No Thanks! A headfake close over 1300 wouldn't surprise me. Then we can all witness the golden flush!!

[brosin]

FFR was level at .14% and remains in 'stink bid watch' territory.

My FAZ unlost slightly - my SPY weekly puts went way green early. I was waiting for SPX 1275 and thus am stuck holding the bag instead of selling for nice green profits. Greedy, greedy. Bad move.

monopoly world - no moves, acct down -1% on the day

I remain 100% short