|
|
Post by cosmic on May 4, 2011 16:30:23 GMT -5
Booooo! Lol ok That wasn't sooo bad. At least we are bouncing on supports... Not that they're holding, but we are bouncing.  I nibbled some SOL today and may add LDK though never played with it. This was to my core holding. Of you recall I bought and sold some of them last week too.  Trying to decide my index play which I may start setting up tomorrow.  Hope everyone made some money today and will do so tomorrow. Members, please post your results along with your RDA of new and improved smileys!  |
|
|
|
Post by ppppp3571113 on May 4, 2011 16:58:19 GMT -5
still holding on the remaining 1/2 of my STX short
Covered ATML short 5 minutes ago
|
|
|
|
Post by birthmark on May 4, 2011 17:10:37 GMT -5
Added to my SQNM at 6.78
Earnings tomorrow morning.
SHould be fun (famous last words!)
GL
|
|
|
|
Post by tajmahal9898 on May 4, 2011 17:23:22 GMT -5
had a good day..
closed CENX short position at 16.75 for 37.5K realized profit -- Got lucky..
shorted another 200 May1 VXX 25 calls for 63/65 cents.. holding naked 700 VXX calls -- kind of scary..
GL everyone.
|
|
|
|
Post by PoorHomey on May 4, 2011 18:03:21 GMT -5
2 trades during my lunch break 1 in SOXL and 1 in TNA - both winners. Made $180 And as a bonus my employee stock had a good day - I'm now +8% on my giant position of 43.916 shares. |
|
|
|
Post by demanuel2001 on May 4, 2011 18:03:40 GMT -5
Well today I get the hangover from last night's LVS earnings report. I lost about $130,000 today. Some of that was other stocks declining. I had guessed that I'd lost $75,000 after hours last night - couldn't do a sensible calculation without know what volatility would be today. It was kind of a bummer that I couldn't trade options last night after hours. As for the protective puts I bought yesterday, they were mostly out of the money today (as opposed to last night). I sold about half of them to bring my cost down to zero. Then I scalped some of them a couple of times. I was reduced to scalping options because I got a margin call and even after dumping a bunch of shares it's hard to figure what I can do quickly without triggering another margin call. Part of my loss today was on the $42 calls that I decided to buy to offset the delta on my protective puts - that cost me another $22k. Oh well, I decided to punt and I'm paying the price. I was in a worse hole in Mid March.
|
|
|
|
Post by cosmic on May 4, 2011 18:06:54 GMT -5
That's exactly what I was afraid of D-Man, those MM's are wiley ones. They'll run everything through their Cray and determine that YOU specifically will not profit on the insurance you bought. How convenient that the stock bounced up first thing in the morning to wipe out those 42's. And I'll tell you right now, it wasn't by accident, and it wasn't by market forces, it was by pure manipulation. If there was no PM bullshit, that couldn't happen now could it?
|
|
|
|
Post by jack on May 4, 2011 18:12:10 GMT -5
That's exactly what I was afraid of D-Man, those MM's are wiley ones. They'll run everything through their Cray and determine that YOU specifically will not profit on the insurance you bought. How convenient that the stock bounced up first thing in the morning to wipe out those 42's. And I'll tell you right now, it wasn't by accident, and it wasn't by market forces, it was by pure manipulation. If there was no PM bullshit, that couldn't happen now could it? Do we still have Crays? We had them at the nuclear weapons labs...got briefed on them at Livermore 25yrs ago. Cracked up when they referred to the possibility of them over-heating: its referred to as "The Puddle Factor"!!! lol!!! |
|
|
|
Post by cosmic on May 4, 2011 18:16:07 GMT -5
Well it's either a Cray or a System 36. Virt had the System 36.
What happened to D-Man reminds me so much of the JAZZ setup last year. Drug doesn't get approved but stock is halted all day, stock tanks AH (on Friday, Opex) from 10.60, and they start playing games with option assignments.
The stop falls at about 7.32, which if it had gone even .05 lower, the $7 puts would have started to go up. There were a LOT of $7 puts - tons and tons and tons, bought as protection.
So the price stops falling at 7.32, none of the 7 puts pay off, they get all longs to capitulate and leave the burning building, and today, WITHOUT APPROVAL OF THAT SAME DRUG, JAZZ is trading at $32.
|
|
|
|
Post by demanuel2001 on May 4, 2011 18:16:12 GMT -5
I've always been able to outperform faster computers by using well thought out tricks. One of the advantages of being a Cambridge computer guy I guess.
|
|
|
|
Post by jack on May 4, 2011 18:22:16 GMT -5
Well today I get the hangover from last night's LVS earnings report. I lost about $130,000 today. Some of that was other stocks declining. I had guessed that I'd lost $75,000 after hours last night - couldn't do a sensible calculation without know what volatility would be today. It was kind of a bummer that I couldn't trade options last night after hours. As for the protective puts I bought yesterday, they were mostly out of the money today (as opposed to last night). I sold about half of them to bring my cost down to zero. Then I scalped some of them a couple of times. I was reduced to scalping options because I got a margin call and even after dumping a bunch of shares it's hard to figure what I can do quickly without triggering another margin call. Part of my loss today was on the $42 calls that I decided to buy to offset the delta on my protective puts - that cost me another $22k. Oh well, I decided to punt and I'm paying the price. I was in a worse hole in Mid March. My bottom lip would be aquiver over that...sorry Deman. I mowed the grass and went to the barbershop today first time in 5-6yrs. I only "lost" $12K w/ FNSR (but its up more than that in the AH what w/ JDSU's beating estimates).  |
|
|
|
Post by jack on May 4, 2011 18:24:50 GMT -5
I've always been able to outperform faster computers by using well thought out tricks. One of the advantages of being a Cambridge computer guy I guess. Its the "well thought out" part that always screws me up!  |
|
|
|
Post by PoorHomey on May 4, 2011 18:25:23 GMT -5
|
|
|
|
Post by jack on May 4, 2011 18:28:37 GMT -5
2 trades during my lunch break 1 in SOXL and 1 in TNA - both winners. Made $180 And as a bonus my employee stock had a good day - I'm now +8% on my giant position of 43.916 shares. You need to work for Berkshire Hathaway and have 44shrs of BRK.A!!! (+$122K/shr) |
|
|
|
Post by PoorHomey on May 4, 2011 18:33:49 GMT -5
You need to work for Berkshire Hathaway and have 44shrs of BRK.A!!! (+$122K/shr) They could have themselves a dedicated employee for just 1 share every 3 or 4 years. |
|
|
|
Post by cosmic on May 4, 2011 19:06:05 GMT -5
Nice catch on JAZZ Homey, I didn't look at it today but I'm not surprised. I was musing on puts, 19s or 20s, not too long ago.
|
|
|
|
Post by davetherave on May 4, 2011 19:33:10 GMT -5
Portfolio was flat today. Bought 1/3 position in HAL at 47.5. Bought back a portion of WNR at 15..32 that I sold higher. Tomorrow should be interesting after NGD and DAC reported earnings tonight . WNR reports before the open.. Could be a disaster if no visibility going forward. Long: NGD AAU HAL DAC WNR  |
|
