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Post by cosmic on Aug 16, 2011 16:29:27 GMT -5
Hey not so bad! Started out worse, got really bad at one point (like 'Geithner on TV bad'), and ended up only half as bad as the worst of it! lol  No trades for me today I'm watching and waiting for Opex to be over, so I don't really think I'll be doing much this week, although DRN is starting to tempt me again.  I'm still thinking this week is a slow drift down into Opex - That would be consistent with the Friday move, which has a high success rate at predicting the direction the indices take the week of opex.  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 demanuel2001 on Aug 16, 2011 16:31:09 GMT -5
Didn't trade today as I was in OK City. Looks like Jessica Fletcher and Adrian Monk conspired to trash my portfolio for me while I was out.
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Post by Clinton SPX on Aug 16, 2011 16:37:59 GMT -5
bought some FMU only down a few pennies
Account -2.7% I was expecting some retrace after up 7% yesterday
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Post by Rich on Aug 16, 2011 16:39:19 GMT -5
omg, Michelle Bachman is hurting my eyes and ears
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Post by callmedave on Aug 16, 2011 16:47:35 GMT -5
good afternoon everyone, just joined the board, thanks for the insightful banter!
got out of drn position for $5 gain held from friday, what is a good entry point, 52? with two week upside of 65?
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Post by timber on Aug 16, 2011 17:09:09 GMT -5
OMG a silent hairdryer....my girlfriends one is driving me nuts
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Post by huh? on Aug 16, 2011 17:49:01 GMT -5
One very simple perspective: In 3 days the S&P went up 84 points; today it pulled back just 12.  |
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Post by huh? on Aug 16, 2011 17:50:04 GMT -5
good afternoon everyone, just joined the board, thanks for the insightful banter! got out of drn position for $5 gain held from friday, what is a good entry point, 52? with two week upside of 65? Welcome to the board! Congrats and exalt on the great trade! |
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Post by cosmic on Aug 16, 2011 18:32:16 GMT -5
Didn't trade today as I was in OK City. Looks like Jessica Fletcher and Adrian Monk conspired to trash my portfolio for me while I was out. LVS down 2% including AH. I'm thinking - here's the thesis - as you recall I had indicated I thought the top 30% of LVS price was... frothy at best without real price support. So far this area is being heavily scrubbed in both directions with a lot of long term bets placed both above and below here. If what you are saying is true with regard to Macau, over time, this scrubbing action actually is consolidation and I would have to think within a few quarters that will be realized. The fact that LVS has retained this level during a 50% meltdown of a lot of stocks, suggests some of that frothiness is getting more stable. |
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Post by exabi on Aug 16, 2011 18:37:52 GMT -5
Sneaked out of my TZA trade from yesterday while they weren't watching to closely. My -5% trade turned to a +2%.
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Post by Cosmic on Aug 16, 2011 19:13:22 GMT -5
good afternoon everyone, just joined the board, thanks for the insightful banter! got out of drn position for $5 gain held from friday, what is a good entry point, 52? with two week upside of 65? Hi Dave Welcome Aboard!  I dumped some DRN yesterday I was caught averaging down but pulled $5 out of it as well. Honestly I would be buying hand over fist in 30's or 40's again, not sure around here what is a good re-entry but I'm thinking just get a few shares and hold, add when necessary. DRN has been a real beast. |
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Post by sloop on Aug 16, 2011 19:16:21 GMT -5
made a few trades and closed in all cash
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Post by tajmahal9898 on Aug 16, 2011 20:21:09 GMT -5
no trades..
VXX should see 31.5 this week..
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Post by demanuel2001 on Aug 16, 2011 21:07:18 GMT -5
Didn't trade today as I was in OK City. Looks like Jessica Fletcher and Adrian Monk conspired to trash my portfolio for me while I was out. LVS down 2% including AH. I'm thinking - here's the thesis - as you recall I had indicated I thought the top 30% of LVS price was... frothy at best without real price support. So far this area is being heavily scrubbed in both directions with a lot of long term bets placed both above and below here. If what you are saying is true with regard to Macau, over time, this scrubbing action actually is consolidation and I would have to think within a few quarters that will be realized. The fact that LVS has retained this level during a 50% meltdown of a lot of stocks, suggests some of that frothiness is getting more stable. LOL - of COURSE what I'm saying about Macao is true. My understanding of the fundamentals of the industry and the balance sheet is the only edge I've got. |
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Post by brosin on Aug 16, 2011 21:55:08 GMT -5
Added a few Sept $124 SPY calls at the open ($1.75) - still thinking the week of the bull is quite young! ;D
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Post by jack on Sept 9, 2011 16:08:26 GMT -5
good afternoon everyone, just joined the board, thanks for the insightful banter! got out of drn position for $5 gain held from friday, what is a good entry point, 52? with two week upside of 65? Forgive my bad manners for not welcoming you on board earlier callmedave. Contrary to popular belief I'm not senile...btw where is this place? |
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