Cosmic's MarketPlace Wrap - 5/24/2011

[cosmic]

Weird down - I thought for sure I'd be wrong on the bear for today as it seemed like things would hold. I missed some of the later session so I'm not sure when it all turned bad?

I didn't change any positions today... still holding SOL and underwater but inching back. Entire sector got hit hard so it's not specific to Renesola. Look at LDK

SQNM is still being watched and I might buy some position back as my entire other position was called way at Opex (I sold $7 calls). So far in SQNM I've eeked out $3-4/share since December. Just to give you an idea of why I play it.

Hope everyone made some money today and will do so tomorrow. Members, please post your results along with your RDA of smileys!

[maxi]

No trades. Cos do you think under 7 is a possibility?

[tajmahal9898]

no trades -- unrealized profit of 20K on VXX naked calls.. was up 30K in the morning..

[demanuel2001]

Bought some LDK. Aside from that I sat and watched the LVS $40 calls I bought yesterday die on the vine. I have high hopes for tomorrow though. Down a bit less than 1/2% today.

[brosin]

My real life FAZ still green by a couple percent - going to look at switching out of the FAZ on strength and back into an FAS short if I can time a couple entries right... don't really want to do it all at once.

In monopoly world, went back to being all short after getting out of the LNKD long trade from yesterday for 12%

[kbk3ck]

No trades. Just looken for a bottom to buy some calls.
;D

[exabi]

No trades, but a nice unlost on CLNE (5.8%), $.70 till B/E -- still hanging my hat w/ T Boone.

[Beau999]

I added to my FAZ puts here based on this chart y a few others

Attachments:

[davetherave]

Portfolio closed up 2.8% today with the help of ERX NGD AAU WNR. BOX and DAC both closed off a touch.

One trade today added small DAC at 6.37 pretty much topticking today's range. . I was surprised by the weakness given an upgrade by Lazard but then again transports were weak with higher oil today.

[puurfectten]

just held...vxx 23 calls...

[Clinton SPX]

No trades.
Account up 2%

[tajmahal9898]

May 24, 2011 20:39:42 GMT -5 puurfectten said:

just held...vxx 23 calls...

are you long on VXX May4 23 calls ?