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Post by cosmic on May 11, 2011 15:12:47 GMT -5
I was mostly paying attention to SQNM today and didn't really watch the rest of the market. All of a sudden I checked my watchlist and noticed the Dow was down 160 pts. Wow was I surprised lol.  As such, no trades for me.  Still holding some SOL  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 May 11, 2011 15:15:05 GMT -5
2000 down day for me. But It started great!! LOL!!!
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Post by Clinton SPX on May 11, 2011 15:15:57 GMT -5
Account down 3% boooo
multiple buys of FEG, FBM
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Post by demanuel2001 on May 11, 2011 15:16:58 GMT -5
Did a fair amount of tweaking to no good effect today. Ended up by just a minuscule amount.
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Post by timber on May 11, 2011 15:16:59 GMT -5
covered c short and re short zsl....not doing too bad....just keep the scams short and you will be fine
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Post by tajmahal9898 on May 11, 2011 15:41:11 GMT -5
covered May2 24 puts for $600 realized profit
shorted another 250 May2 24 calls -- overall 500 short May2 24 calls... if VXX closes below 24 this friday, i stand to make ~24K
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Post by davetherave on May 11, 2011 17:50:55 GMT -5
The portfolio bleeding resumed today after brief remission. The wound was ripped open and salt was poured in.  I played these these commodities for too long I guess.  Sold 1/2 my DAC position Bought a little ERX Sold 2/3 of my NGD Long DAC , AAU, NGD, WNR, ERX Tomorrow will be fun.  |
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Post by brosin on May 11, 2011 17:55:37 GMT -5
Thinking my death trap in FAZ will soon be over... 5% to go, b/e $43.90
Very concerned about the market and what the commodity collapse is showing us... no longer just the lending markets that are looking bad
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Post by Clinton SPX on May 11, 2011 18:02:58 GMT -5
Thinking my death trap in FAZ will soon be over... 5% to go, b/e $43.90 Very concerned about the market and what the commodity collapse is showing us... no longer just the lending markets that are looking bad Oil at 99 is not a collapse |
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Post by demanuel2001 on May 11, 2011 18:08:06 GMT -5
True - just the war premium coming down a bit
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Post by brosin on May 11, 2011 18:22:47 GMT -5
Thinking my death trap in FAZ will soon be over... 5% to go, b/e $43.90 Very concerned about the market and what the commodity collapse is showing us... no longer just the lending markets that are looking bad Oil at 99 is not a collapse I mean, I guess you can call it what you want. Compared to the drops we've seen over the last 6 months (a few % if any), going $115 to $95 in a week sure feels like a collapse to me Silver lost over 30% in a week and sure feels like a collapse as well |
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Post by jack on May 11, 2011 18:53:14 GMT -5
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Post by exabi on May 11, 2011 19:02:48 GMT -5
Slightish port up day today, no trades
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Post by puurfectten on May 11, 2011 19:37:16 GMT -5
:obros..i feel your pain brother...if you look close you can see all the scratch marks i made on the walls in that jail cell...  |
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Post by puurfectten on May 11, 2011 19:46:29 GMT -5
dumped my vxx 25 calls..+40%...looking for spx 1348ish to re-load...  |
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Post by brosin on May 11, 2011 19:51:50 GMT -5
:obros..i feel your pain brother...if you look close you can see all the scratch marks i made on the walls in that jail cell... LOL yeah... ya know though, it hasn't been even close to as bad as one should expect i mean, i've been long what was assumed to be a heavily decaying bear fund since late december and a few entries in january (also 4th and final one last week)... market has done nothing but go up yet sitting here 5+ months later only having lost a few %? something doesn't seem right there |
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Post by timber on May 11, 2011 19:54:03 GMT -5
look where rifin is now and three months ago...compare the price of faz and you will see it lost at least 20 percent
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Post by kbk3ck on May 11, 2011 19:54:32 GMT -5
Added some TNA today at what seemed to be the low of the day. $88.89 Then the bitch dropped waaaay lower!!!!!  |
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Post by brosin on May 11, 2011 19:55:57 GMT -5
:obros..i feel your pain brother...if you look close you can see all the scratch marks i made on the walls in that jail cell... LOL yeah... ya know though, it hasn't been even close to as bad as one should expect i mean, i've been long what was assumed to be a heavily decaying bear fund since late december and a few entries in january (also 4th and final one last week)... market has done nothing but go up yet sitting here 5+ months later only having lost a few %? something doesn't seem right there ON THE OTHER HAND, looking at a chart, if I had to estimate my avg on a FAS short position with the same entries as i had on the FAZ, I would have an average at or a little above $30 (so about a 5% gain)... so there's about a 10% difference between being long one side rather than short the opposite side over a 5 month span...  |
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Post by brosin on May 11, 2011 19:57:27 GMT -5
look where rifin is now and three months ago...compare the price of faz and you will see it lost at least 20 percent not sure what you mean timber - 3 months ago was feb? |
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Post by timber on May 11, 2011 20:01:00 GMT -5
ok march 16th faz was 45 now its 41.49 and xlf was about where it is today meaning faz lost roughly 9 percent in decay closer to 9.5
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Post by timber on May 11, 2011 20:01:17 GMT -5
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Post by brosin on May 11, 2011 20:04:23 GMT -5
ok march 16th faz was 45 now its 41.49 and xlf was about where it is today meaning faz lost roughly 9 percent in decay closer to 9.5 ah okay i gotcha - yeah no arguments from me there.. like i just realized, it's about a 10% difference for me being long FAZ as opposed to short FAS at the same exact entry times i guess it's more surprising that the banks are barely up since december |
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