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Post by cosmic on Jun 10, 2011 15:10:42 GMT -5
I had looked at around 3:30 and we were down about 133. I looked again at the close here and we're down 175. Not sure what that last 40 points was all about but longs are not holding through the weekend?  I saw the whole ZH thing on Basel. The pattern that was forming around 11am was obviously bullish, but the drop around 1:30 made it look like a fakeout and then the news was announced at 2:00. Can say what to make of it.  I'm still not a buyer here.  Hope everyone made some money and will do so tomorrow. Members, please post your results along with your RDA of smileys!  |
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Post by ppppp3571113 on Jun 10, 2011 15:46:50 GMT -5
bought tza on the obvious suckers bump and as usual.... sold EOD (for 1.5%).
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Post by maxi on Jun 10, 2011 16:02:00 GMT -5
Sold ZAGG from yesterday. Bought it again. Sold it again.
Kept waiting for CEDC to die or ZLCS to die but ZLCS was actually up a couple cents....
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Post by tendermyshares on Jun 10, 2011 16:12:08 GMT -5
I watched the market for a while, observed that it would continue to go lower and lower despite any hint that it might turn around, like happened on that 200 point down day, and decided to spend the day running errands and taking care of business so as to avoid the utter hopelessness of watching it happen. Good call!
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Post by demanuel2001 on Jun 10, 2011 16:35:24 GMT -5
Devastating week for me. Down 3% today and 17% YTD. Clearly that's not literally devastating - but it has sure scrambled my after tax account. Going to Vegas - shrank my position an hour before the close as I had to go and have my stitches removed. Don't want an excessively risky position while I'm in Vegas - don't have the after-tax cash for it either. May well start looking more seriously for a job when I get back. Still way up from trading - just not way up enough.
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Post by sloop on Jun 10, 2011 17:02:15 GMT -5
Hey Bros, STOPS ARE FOR PUSSY'S!!!! tactful I am so classless...LOL!!! YEAH BABY!!! LOVE YA BROS!!! |
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Post by brosin on Jun 10, 2011 17:08:49 GMT -5
no moves in real life - liking the FAS short and also my S short position is coming back to me quickly
in monopoly world, added to my RIMM and LNKD longs from the past couple days, and am actually 15% long / 85% short... that's my most bullish allocation since early to mid Dec... not that I'm feeling bullish, but I think we see some short term pops next week. Now that everyone is catching on and trying to short, it's time to trick folks and get the bulls back on board before the next leg down... JMO
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Post by kbk3ck on Jun 10, 2011 17:17:19 GMT -5
My ETP calls are up 8% today!!!! Yeeee Hiiii !!!!!!!
All the rest of my crap got killed today. Changing my name from Perfect Trader back to Dumbass!!!!
;D
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Post by davetherave on Jun 10, 2011 17:38:43 GMT -5
Off a little today...bleeding in my portfolio seems to have stopped the past few days....Long AAU NGD WNR BOX.... Sold out of DAC and VLCK yesterday thank God. All things being equal, I had an alright day. Have a nice weekend!  |
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Post by jack on Jun 10, 2011 19:05:26 GMT -5
My ETP calls are up 8% today!!!! Yeeee Hiiii !!!!!!! All the rest of my crap got killed today. Changing my name from Perfect Trader back to Dumbass!!!! ;D Sorry - I cornered that market for the moniker already.  |
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Post by jack on Jun 10, 2011 19:11:14 GMT -5
Bought a blow-up doll errrrrr...make that a chair for the hot tub now a cool tub to lounge around in. Am pleased to say there's NUTHIN' wrong with my lungs because that sucker took 20-30mins to fully inflate!!!
lol!!
Stay cool Gang!!!
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Post by kbk3ck on Jun 10, 2011 19:32:32 GMT -5
No pics of the doll, uh, chair?
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Post by jack on Jun 10, 2011 19:55:11 GMT -5
No pics of the doll, uh, chair?  |
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Post by exabi on Jun 10, 2011 20:06:57 GMT -5
Another slight hurl on LVS position, will average down at some point, but not yet, have a sell order in for GMLP @27.60, it hit at open, but was not my shares...very thinly traded, but still nicely green on the position. Overall, portfolio up by 473%....not from astute trading, but my lump sum portion of my pension hit the account today. Could only take 1/2 in lump sum, the remainder is in an annuity. Got a nice surprise in the fact that the lump sum jumped about 20% from the original estimate from 2+ yrs ago based on the drop in the blended rate (Treasuries and Corp bonds).
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Post by tajmahal9898 on Jun 10, 2011 22:10:02 GMT -5
It has been a touch week... with a lot of ups and down..
today
rolled over June2 22 for 35 cents
rolled over June2 21 for 8 cents.
I have >800 VXX contracts at this point with majority (>400) June 21 naked calls, remaining are spread (not equally) between June 20, 22 and 23/22put spread. Each point movement on VXX translates to account value changing by ~$700 -- today swing on VXX was 96 cents, which resulted in portfolio swing of ~65K..
My b/e price now is close to 22.2 -- I am 80 cents or ~55K behind on the setup, though it has been green many times this week, I just didn't pull the trigger... now that I have concentrated position on 21 calls, I plan to manage (day trade) these calls next week..
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Post by kbk3ck on Jun 11, 2011 8:29:16 GMT -5
Update: My ETP popped up in AH so my calls are now up 18.5% !!!!
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