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Post by cosmic on Aug 31, 2011 15:14:42 GMT -5
What a fizzle. Hope you weren't long any options today mwahaha cuz that's what this was about, wearing them down.  No trades for me. This market got little juice here. Not yet. Still watching my BAC calls - need 8.50 or so for them to start to move. I doubt it, but ya never know.  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 brosin on Aug 31, 2011 15:21:34 GMT -5
Had a relatively trade filled day for me Sold my SPY (monthly) Sept $124 calls at $2.30 for approx 23% - got pretty close to the HOD on those too (HOD $2.39). Bought some RIMM weekly (expiring Fri) $32 calls on the dip under $32 - had 3 entries for avg $.86. Was really trying to get out of my meeting from 2-3 so I could dump them at the close, but didn't get back to my desk in time so holding those overnight. Currently about a 11% unrealized gain Most notably though, I covered my remaining FAZ short shares that I've been holding for a few weeks now (had covered 60% of the position on Monday) - got $50.35 and $50.50 / +34%. Looking to start shorting FAS either by the end of this week or otherwise next week depending on the action. Looking for 1250 SPX at minimum before back down to test the lows (1102 for open market, 1078 in the eminis  ). |
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Post by livermore on Aug 31, 2011 15:26:36 GMT -5
I went ahead and bought some Sprint what the heck!! I have gone to throwing darts. Crap!! I am done trading. this is for the long hall. when I get my 200K back I will play again. All I do is look at the BIG head and shoulders on the S&P a shake my head....and I mutter a hundred times..."Its as clear as day"
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Post by snapplemoney on Aug 31, 2011 15:33:30 GMT -5
brosin you hit it on the nail!
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Post by jack on Aug 31, 2011 15:44:22 GMT -5
Sold my 1972 collection of less than perfect condition baseball cards (approx 150 in all incl Nolan Ryan), my 50yr old baseball mitt and a store bought "Harmon Killibrew" Louisville Slugger baseball bat all for $95.
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Post by Clinton SPX on Aug 31, 2011 15:47:02 GMT -5
Great Day
Came home and my electric was on w internet
sold a tech scalp at the open +1.5%
Bought a large cap ETF on the Obama dip
high light TGC +7%
Account up 3.5%
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Post by jack on Aug 31, 2011 16:12:34 GMT -5
Craps - now I'm sorry...but I only got 25% of their value because they weren't "crisp" like Excellent condition demands. If you're gonna buy something like that for your kids I think you'd wanna buy the best...at least I would.
Sorry Greg
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Post by puurfectten on Aug 31, 2011 16:12:58 GMT -5
just waitin..maybe tomorrow if they gap over this road block...which they should...  |
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Post by livermore on Aug 31, 2011 16:39:39 GMT -5
Sorry Jack. Just a knee jerk reaction. That was wrong of me. Sorry
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Post by maxi on Aug 31, 2011 17:17:22 GMT -5
Bought a little SVM
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Post by rex on Aug 31, 2011 17:26:55 GMT -5
Well, my shorts I held ON were gut wrenching all day till the end when I was luckily able to cover at small losses. Then I flipped over into FAS for a scalp to get back over even for the day. If I would have held FAS for the next 5 mins, I would have made several hundred for the day, but after a day like today, I was happy to get back to even. All cash right now, but I might buy a small position in FAZ for ON tonight as EOD today looked very shaky and ecno reports in the AM.
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Post by rex on Aug 31, 2011 17:28:21 GMT -5
just waitin..maybe tomorrow if they gap over this road block...which they should... Which road block are you referring to? I haven't seen a road block for 4 days! |
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Post by exabi on Aug 31, 2011 18:33:20 GMT -5
Nothing for me today....just trying to get a feel after a couple of days absence due to Irene
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Post by Clinton SPX on Aug 31, 2011 18:54:14 GMT -5
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Post by Clinton SPX on Aug 31, 2011 19:04:52 GMT -5
fast money sure is bearish
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cashmandue
Broker/Dealer
Winner Fastopia Contest #2 The Road to Opex II
Posts: 505
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Post by cashmandue on Aug 31, 2011 19:26:47 GMT -5
NO trades.........waiting for a pullback and will go long FAS again. Been working well for me lately. Sticking with what works. Go ahead  me........ |
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Post by mrgrape on Aug 31, 2011 20:08:59 GMT -5
Sold UPRO at 18% profit. Now have to wait 3 trades for my account to clear, and then I am looking to enter into FAZ, gold, or bonds,
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