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Post by cosmic on Jun 6, 2011 15:14:08 GMT -5
 I guess the whole 'up on Mondays' thing is horribly busted at this point. MeatPop is still saying 1150, although he does not feel vindicated until 1250 breaks.  No trades today - who could stand this action... bleck.  SQNM took off. Not exactly sure why. Not holding any and thought about a position at the close but decided to wait for a morning dip if one happens.  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 Clinton SPX on Jun 6, 2011 15:17:13 GMT -5
Bought some FEG
sold nothing
no highlights
account down 4.8% gave back all of Fridays gains
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Post by demanuel2001 on Jun 6, 2011 15:27:20 GMT -5
Nasty day for me - down 5% of portfolio value. Dumped all the LVS stock in my after tax account to make sure I don't run into margin calls. Replaced with a whole slew of weekly calls with strikes of $38 $39 $41 and $42. Bought back quite a few of my short June puts. Replaced with short September puts with lower strikes. The death spiral of my after tax account continues as the bleeding from losses combined with check writing gets me to a point where I'll either have to close it down or juice it up with more funds.
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Post by brosin on Jun 6, 2011 17:06:55 GMT -5
WOO! In real life, sold half my FAZ $48.25 for +10%. Still holding half and a little anxious that I did not short any FAS shares today - I am not bullish at all, but have been wanting to switch from Long FAZ to short FAS for quite some time. Today was the start. Holding FAZ for 6 months has been a test of will power and how stubborn I am I think ;D *IF* the market is going to keep with the same playbook we've seen over the last 6-8 months, we're very near a bounce. How do I know? The monopoly world everyone likes so much: spreadsheets.google.com/ccc?key=tNoiXtnahZ_NpkNVdcR1pbg&authkey=COSk6LQE&hl=en&authkey=COSk6LQE#gid=0Since turning to the dark side in December and having my monster lead over the market sliced up into nonexistence by mid Jan, it has been like clockwork... When my (heavily short) account get to be LAGGING the market by 5-10%, it is very close to a mkt tank job being on the way. Without fail. Each time I've pulled back ahead of the market by 5-10%, I've started feeling good about my positioning and the market is very close to a big time pop higher. Performance -- > 26.95% 9/6/10 Close SPY $110.89 Current SPY $129.04 -------------------------------> 16.37% COMPARED TO THE MARKET ----------------------------------------------------> I AM BEATING/LAGGING MKT BY --------------------> 10.58%The question is, is the same playbook in play? Or "Has the market trend changed" as I believe> (If so, my account is about to go into massive outperformance mode as it did from Sept - Dec when I did quite well) |
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Post by herceg1967 on Jun 6, 2011 17:42:23 GMT -5
Bought some FEG sold nothing no highlights account down 4.8% gave back all of Fridays gains Down about the same, but sold quite a bit.............if more doom, rather have cash.................just holding a few now.............. wait and see how things unravel...........  |
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Post by tajmahal9898 on Jun 6, 2011 17:59:06 GMT -5
down around 25K today on VXX setup
Closed naked VXX shares that got assigned last week and also closed few VXX 20 calls.. Reducing my risk at this time. if VXX jumps to 23 again, I will sell more calls and in the process increase the b/e point.
Both MU (at 9) and CENX (at 14.67) look tempting but I am staying away from them right now..
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Post by exabi on Jun 6, 2011 18:35:58 GMT -5
 I'm more of an investor than I want to be at this point
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