Cosmic's MarketPlace Wrap - 7/25/2011

[cosmic]

Well that wasn't as doomy as it could have been and certainly better than it all started out. This I guess is expected market activity given the current media-stream coming from the Federal Government.

But the big picture still feels weak regardless of a debt deal. Maybe a poll... something like "Will we hit a new 52 week S&P high within 1 month after the debt deal?" or something like that.

Still watching MOBI do it's thing, the calls dipped all the way down to .25 and I closed a handful and it immediately popped back up, so I stopped.

Buying a few regional banks into earnings and did a brief post on NPBC and also the KBW which shorts at least a short-term reversal.

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

[maxi]

Took a less than 1% loss on what i had in the market.

All cash. Gonna let this play out for a while....

[novice08]

Bought a little FXF as a hedge.

[davetherave]

Down quite a bit today like 7% was up 3% friday so ...my portfolio moves quite a bit. I sold a little FTNT and added to AGU. Out-sized weakness attributed to AAU and DEXO.

[exabi]

I'm with Maxi on this one....I got out of my last large position on Thurs for b/e, and the remaining ones are small and red. If I see an opportunity for a scalp, I will jump in large with a tight stop, otherwise, I will wait it out until there is a resolution.

[sneaker09]

Love the leveraged ETF's.. took a position in DRN today, holding SOXL long, and added a bit of a "hedge" with AGQ silver double long.

[sneaker09]

I'm sure his televised address tonight will tell you we're all good.

[puurfectten]

still holding vxx aug 21 calls..from friday...should get a push..

[kryptos2009]

Sold 100 AGQ @ $221 for a small profit. Looking for pullback to re-enter.

[novice08]

Re: silver, just remember PM opex is wed., so it could (and usually does) fall into opex. That being said, this is not a "usual" time.