|
|
Post by cosmic on Apr 20, 2011 15:38:58 GMT -5
Woof - barnburner up day!! Everything was on sale lol.  Will look forward to seeing how the summation index saw this - the chart Bros posted in Charts & Chats show that these types of days are showing less and less momentum, kind of like a ball dropped - each bounce is slightly less high than the previous.  I am watching with eager thetaness what happens to my LVS position. I sold covered calls at 45 for .86, and am currently being held hostage by D-Man. I do expect this all to resolve tomorrow. I only need these things to go to .70 for me to get out breakeven... I think I can do it.  In the meantime I've given him a +1 Karma as a downpayment on my future debt.  SQNM doing nicely again - still hope you're playing along at home.  Hope everyone made money today and will do so tomorrow. Members, please post your results along with your RDA of smileys!  |
|
|
|
Post by kbk3ck on Apr 20, 2011 15:40:13 GMT -5
Made a shit load of money today and am enjoying my new electronic cigarette!!!
|
|
|
|
Post by tajmahal9898 on Apr 20, 2011 15:51:39 GMT -5
one trade --
shorted 20K MU at 11.28 - should have closed it when I was still green.
|
|
|
|
Post by demanuel2001 on Apr 20, 2011 15:57:35 GMT -5
Kind of a displaced feeling for me today. Why? Because pretty much all that happened today was more or less set in stone ladt night. The move of the casinos up was pretty much a done deal at 4:01pm last night when WYNN reported. Ditto for the rest of the market as other solid earnings reports came in. So, the rest of the day was a disappointment as stocks kinda tapered off over the day. Still, got about a 2% boost in portfolio value today. Wrote some LVS $46 puts for tomorrow expiration and and some May $44 puts. Pulled off two miniscalps in LVS - was gonna hold for bigger profit but the disappointing price action caused me to dump the 4k shares involved. Puked up my May $12 MGM put for a small loss - figure they may never get in the money - still have $15 puts nicely in the money.
|
|
|
|
Post by papasloth on Apr 20, 2011 16:00:23 GMT -5
The last couple of weeks were red for me, since I was short MCP calls, and MCP has been on a tear. It even went up Monday when everything else was down. However, today MCP was down almost 3%, even with a big up day for the S&P. I'm also short weekly 70 puts, which are currently out of the money. I don't think JP Morgan will let the stock slide much more tomorrow, because IPO lockup ends Monday after a 90 day postponement, and they'll want to unload at a premium next week. So, my theory is we close between 70-75 tomorrow, and then there's a big slide next week. On the plus side, my SVNT covered calls and LDK short puts are both doing well. I had to liquidate half of my LDK puts on Monday so I could pay 2011 estimated taxes. I now pay more in one quarter's estimated taxes than I earned my first full year of working. I guess that's a good thing, but it doesn't feel like it when I have to write the checks  |
|
|
|
Post by jack on Apr 20, 2011 16:09:04 GMT -5
Kind of a displaced feeling for me today. Why? Because pretty much all that happened today was more or less set in stone ladt night. The move of the casinos up was pretty much a done deal at 4:01pm last night when WYNN reported. Ditto for the rest of the market as other solid earnings reports came in. So, the rest of the day was a disappointment as stocks kinda tapered off over the day. Still, got about a 2% boost in portfolio value today. Wrote some LVS $46 puts for tomorrow expiration and and some May $44 puts. Pulled off two miniscalps in LVS - was gonna hold for bigger profit but the disappointing price action caused me to dump the 4k shares involved. Puked up my May $12 MGM put for a small loss - figure they may never get in the money - still have $15 puts nicely in the money. A woman I knew once was good at providing displaced "out of body" experiences.... |
|
|
|
Post by demanuel2001 on Apr 20, 2011 16:14:09 GMT -5
Horizontal dancer?
|
|
|
|
Post by brosin on Apr 20, 2011 16:25:26 GMT -5
Tomorrow will be my 3rd day sitting with negative buying power / margin call in the Monopoly Acct - will have to make some moves to meet it. Also went below the market performance since 9/7/11 in there and closed below it (has only happened 1 other time since inception).
The 1335-1345 SPX area remains my capitulation zone and looks to soon be in for a retest.
I sold my remaining half position I had left in VALE, along with half of my full position in CYOU in my IRA to move to 38% invested
Also in real life, added to my penny play IMDS mainly out of boredom I think ;D
|
|
|
|
Post by Clinton SPX on Apr 20, 2011 16:57:12 GMT -5
PSUN -2.2% PacSun posted sharp sales declines during the recession because of high unemployment and slower mall traffic, especially on the West Coast, where the chain has a large presence. good thing those conditions dont exist for anyone else.  |
|
|
|
Post by davetherave on Apr 20, 2011 17:21:16 GMT -5
No trades today....Played a little NYC golf. Portfolio up 2.2% Long WNR, HAL, NGD, EXK Have a nice evening. |
|
