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Post by cosmic on May 9, 2011 15:26:30 GMT -5
It seems like large gaps are being sold off pretty readily over the last 2 days. Not sure what that's indicating. The market has been able to push back, although not with nearly as much strength. I remain cautious.  SQNM had another great day, hope you were playing along and made some bank. Seems like there's a nice sell-off After Hours. I'm not sure what entered into the newstream but this is very typical for SQNM. I had indicated that much of the action takes place with gaps and Pre and AH action - and it's happening again. I just checked now and it's back up to 8.20. I have no idear lol. Keep in mind that while the conference call was decent, very little time was spent on current SQNM finances and the majority was spent talking about their product line. SQNM will need an FDA approval, which it does not have, for it's T21 test. While other countries can use it without FDA approval, the US market would remain off limits. Notice that SQNM is heavily investing in China, and I believe their strategy is to circumvent the FDA and have it's tests used worldwide, and virtually ignore the US, where the FDA has been very business unfriendly.  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 tajmahal9898 on May 9, 2011 15:33:07 GMT -5
I missed opportunity to make 30K because I was greedy.
I had placed order to sell 500 May2 VXX 24 calls for 1.2, then canceled the trade as the price hovered around it. it touched 1.2 and then it went down all the way to 0.60 -- i couldn't find a spot to sell the calls again...
up 3.5K today /4.3K net -- holding 50 May2 VXX 24 calls from last week.
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Post by puurfectten on May 9, 2011 15:40:18 GMT -5
still holding vxx 24puts from friday..looking for spx gap to 1352 and push to 1360ish..23.5 or so on the vxx ish..lookin to flip around there somewhere..  |
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Post by timber on May 9, 2011 16:03:59 GMT -5
played zsl short twice today....they want to charge me for the short shares so i closed it at the close....i might start trading options on the silver trade if these large moves keep up....also added to my tvix and tza short
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Post by sloop on May 9, 2011 16:22:53 GMT -5
played zsl short twice today....they want to charge me for the short shares so i closed it at the close....i might start trading options on the silver trade if these large moves keep up....also added to my tvix and tza short What do you mean they want to charge you for the short shares? Who is your broker? TDA never charges going short |
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Post by demanuel2001 on May 9, 2011 16:39:14 GMT -5
Another quiet day. One little scalp in LVS. Watching BYD and FSII performing quite well today. Up a minuscule amount.
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Post by exabi on May 9, 2011 18:45:58 GMT -5
Flattish day....but a nice little pop late day on my small position of GMLP
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Post by timber on May 9, 2011 18:55:22 GMT -5
played zsl short twice today....they want to charge me for the short shares so i closed it at the close....i might start trading options on the silver trade if these large moves keep up....also added to my tvix and tza short What do you mean they want to charge you for the short shares? Who is your broker? TDA never charges going short once in a blue moon they charge me like .25 cents a day for 100 shares.....it only happened a few times....it happened with faz once |
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Post by davetherave on May 9, 2011 18:55:02 GMT -5
Well the ole' portfolio was up 5.5% today.  This, after the major shellacking that I took last week. Incidentally, the pain I suffered last week was quite similar to that felt by Congressional Democrats after receiving the shellacking of a lifetime at the hands of the mighty GOP last November.  One trade today...bought ERX at 75.80 with the some of the proceeds from my HAL sale on Friday.  Long....NGD, WNR, AAU, ERX, DAC  |
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Post by brosin on May 9, 2011 18:56:10 GMT -5
After retaking the lead late last week in the monopoly world, the market took back what was rightfully its: I AM BEATING/LAGGING MKT BY --------------------> -3.50% In real life, I really thought I was close to being able to finally be able to sell my FAZ shares for a gain (b/e $44) .... looks like I still gotta keep waiting though  |
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Post by ppppp3571113 on May 9, 2011 19:06:13 GMT -5
Went long SPY and TNA
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Post by kbk3ck on May 9, 2011 19:15:31 GMT -5
I sold my SSO May 45 calls last week and rolled my 12% profits over into June 45 Calls. Just watched that today. Watched my SOXL run flat to down a little and DRN recover 1.8%. ERX Kicked ass to the tune of 5% as well.
;D
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Post by timber on May 9, 2011 20:26:02 GMT -5
looking at silver tonight im glad i got out of that trade but will reshort it soon
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Post by davetherave on May 9, 2011 21:01:00 GMT -5
looking at silver tonight im glad i got out of that trade but will reshort it soon Timber ... I thought you were short the ZSL. Silver futures are off but not too much. I don't know where you got short the ZSL...just thinking out loud. Don't mind me. |
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