As some of you know, I quit my job last week to trade full time for a bit. So instead of clogging up my form 4 thread with non-form-4 trades, I decided to start this thread where I will post my trades as close to real-time as I can. Questions and comments always welcome.
Also, since we all know that anyone can post trades after the fact, I signed up with a website called Covestor earlier in the summer. They access your account and track and post your actual trades for others to see, so it is independant proof of what trades I make (although they don't show number of shares traded, just entry and exit prices). In addition I will try to keep up with the "****" that they have set up where you can explain your rationale for your trades. I think it will be good for me to remain disciplined, and for others to learn from my trades, both the good and the bad ones.
Posted by PCola77 on :
Okay, first some catch up. Yesterday I bought ABK at 3.2592 (3.26 limit order filled a bit below that) and sold at 3.36.
I also bought BC yesterday, entering at 4.10 and exiting at 4.30.
This morning at the open I bought NCC at 2.70 and sold at 2.80.
Posted by PCola77 on :
In AVGN at .565 and .5698
Posted by Gary59 on :
good calls PC , I grapped a few AVGN at .56 hope it stays up until tommorow (I used unsettled funds) but it up But I do have to hold till Weds..Good call so far . and NCC up to 3.10. I know you have a set limit and it is working for you do you watch these or just put in a sell as soon as you buy for safe profit.. But I guess if you have a system that works dont f with it.. Good job, and more good luck to you with full time trading...
Posted by PCola77 on :
The 5% sell limit is only for my form 4 trades, because data analysis showed that was a good exit strategy. These trades I just go by feel.
Good luck to both of us. Doubt I will hold overnight, but I hope it stays up for you by the morning.
And thanks for the kind words.
Posted by PCola77 on :
Out at .6204 average. May lok to get back in if it drops to the mid .50s again.
Posted by PCola77 on :
Back in AVGN at .6004 and looking to add more if it hits mid .50s again.
Posted by PCola77 on :
Doubled up at .5754
Posted by PCola77 on :
ENG tanking. In at 4.61
Posted by Gary59 on :
AVGN showing B,56 x A,80 this morning , its 7:50am so that could change in the next few hours but looks good for a run up this morning..
Posted by Gary59 on :
here is the last 2 weeks volume and price range on AVGN:: Date Open High Low Close Volume Adj Close* 21-Oct-08 1.00 1.00 0.53 0.62 20,382,200 0.62 20-Oct-08 3.33 3.33 3.25 3.30 22,700 3.30 17-Oct-08 3.35 3.35 3.25 3.26 39,700 3.26 16-Oct-08 3.32 3.32 3.20 3.30 9,000 3.30 15-Oct-08 3.29 3.62 3.25 3.31 50,900 3.31 14-Oct-08 3.66 3.71 3.20 3.47 74,400 3.47 13-Oct-08 3.09 3.60 3.09 3.54 6,100 3.54 10-Oct-08 2.78 2.99 2.75 2.99 9,900 2.99 9-Oct-08 3.17 3.34 2.75 2.77 21,700 2.77 8-Oct-08 2.82 3.17 2.63 3.17 18,600 3.17 7-Oct-08 3.33 3.33 2.89 2.93 54,500 2.93 6-Oct-08 3.62 3.62 3.02 3.23 99,200 3.23 Volume was up 10 times normal yesterday and that will ring a lot of bells out there so today might get exciting...I have a sell in for 1.00 just in case but will drop it since i am in at .57 ....JMHO
Posted by Gary59 on :
I thought it was early B .625 A .659 at 8:21am
Posted by Gary59 on :
Some pre market trading going on with AVGN buys goiing through at .66 and the bid has dropped so it looks like they are going to run it this morning with a big .03 spread on it this morning..
Posted by PCola77 on :
It ran up to .70 after hours last night, so hopefully it can get back there this morning. I'll be watching it closely. ENG is also up a bit pre-market.
Good luck to both of us.
Posted by PCola77 on :
Out AVGN at .63. I am at my old job today to help out with some things, so I can't watch it. Sucks, but can't risk holding it longer and losing my profits.
Out 1/2 of ENG at 4.81 on a partially filled order, and hopefully the rest executes at some point too.
Posted by PCola77 on :
Got in DVAX at .2601, which was stupid because I can't watch it, but I thikn it can bounce.
Posted by PCola77 on :
Out the rest of my ENG
Posted by PCola77 on :
Sold 1/2 of my DVAX at .282 average between AH last night and the open today. Going to hold the other half for a bit probably.
Posted by PCola77 on :
In 7500 shares PRSC at 1.00 and will add if it drops more.
Posted by PCola77 on :
Sold 1/2 of my remaining DVAX at .37
Posted by PCola77 on :
In DDR 4.19ish and looking to add if it breaks $4
Posted by PCola77 on :
Out DDR at 4.49
Posted by Ace of Spades on :
quote:Originally posted by PCola77: Out DDR at 4.49
Nice trade!!!
This is a great thread...Good Luck with Trading full time
Going by your posts so far you should be fine!!!
This is a much better thread than the that guy chuck with the Ant in his Siggy Posted by PCola77 on :
Sold 3500 PRSC at 1.37
What a day.
Posted by PCola77 on :
LOL. Chuck ruled!
Oh, and GO PHILS!
quote:Originally posted by Ace of Spades:
quote:Originally posted by PCola77: Out DDR at 4.49
Nice trade!!!
This is a great thread...Good Luck with Trading full time
Going by your posts so far you should be fine!!!
This is a much better thread than the that guy chuck with the Ant in his Siggy
Posted by The Bigfoot on :
Good Luck to you PCola!
Posted by PCola77 on :
Thanks!
Out the rest of my PRSC at 1.39. Going to take a break and play with the kids for a bit.
Posted by PCola77 on :
In LVLT at .7501 and will add if it spikes down lower
Posted by PCola77 on :
Added more just under .70
Posted by PCola77 on :
In for a bunch more. Total now at .68 average.
Posted by PCola77 on :
out half at .71
Posted by PCola77 on :
Out half of the remainder at .77
Posted by PCola77 on :
Out the rest at .80
Posted by Gary59 on :
Keep up the good work PC
Posted by PCola77 on :
Wow, today has been a crazy day. I think we're living in historic times right now, and I hope everyone is taking advantage of the opporunities that are presenting themselves lately.
Posted by PCola77 on :
In CNB at 3.51
Posted by PCola77 on :
Thanks Gary
quote:Originally posted by Gary59: Keep up the good work PC
Posted by PCola77 on :
Out CNB at 3.77
Posted by PCola77 on :
Out the rest of my DVAX at .32
Posted by thadchr on :
New to trading, and really loving your thread.
Market is at its lowest of the day... I just keep refreshing to get in on your next buy. Posted by BooDog on :
quote:Originally posted by thadchr: New to trading, and really loving your thread.
Market is at its lowest of the day... I just keep refreshing to get in on your next buy.
You talking to yourself P???
lol just kidding good luck thadchr.
Posted by PCola77 on :
Just watched CHB lose 1.90 and drop to 1.80. I put an order in to buy at 1.81 but missed it. 1.94 now. Crap.
Posted by PCola77 on :
LOL. On a day like today I don't have time to set up another account and pretend to be an admirer
Maybe on a slower day
quote:Originally posted by BooDog:
quote:Originally posted by thadchr: New to trading, and really loving your thread.
Market is at its lowest of the day... I just keep refreshing to get in on your next buy.
You talking to yourself P???
lol just kidding good luck thadchr.
Posted by PCola77 on :
Glad you like it. For the record though, I've been in the market pretty heavily for a few years. Though I just started daytrading this week, I've been trading similar setups for a long time, just less frequently. I think I've found a nice little niche for myself, but everyone has their own trading style, so learn from as many people as you can. There are some good ones on this board.
Good luck to you!
quote:Originally posted by thadchr: New to trading, and really loving your thread.
Market is at its lowest of the day... I just keep refreshing to get in on your next buy.
Posted by BooDog on :
quote:Originally posted by PCola77: LOL. On a day like today I don't have time to set up another account and pretend to be an admirer
Maybe on a slower day
quote:Originally posted by BooDog: You talking to yourself P???
lol just kidding good luck thadchr.
No doubt. This is just nuts.
Posted by PCola77 on :
Watching LVS right now. I have an order in for some at 8.01, but would ideally like to see it drop below $8 for a good bounce
Posted by PCola77 on :
You been making a killing lately too, I hope?
quote:Originally posted by BooDog:
quote:Originally posted by PCola77: LOL. On a day like today I don't have time to set up another account and pretend to be an admirer
Maybe on a slower day
quote:Originally posted by BooDog: You talking to yourself P???
lol just kidding good luck thadchr.
No doubt. This is just nuts.
Posted by PCola77 on :
CNB coming back down for a 3rd big bounce?
Posted by PCola77 on :
Damn. Missed it by 8 cents. Bottomed at 8.09 and ran up to 8.70
Edit: now 8.94. Missed a nice bounce there
quote:Originally posted by PCola77: Watching LVS right now. I have an order in for some at 8.01, but would ideally like to see it drop below $8 for a good bounce
Posted by PCola77 on :
CNB just hit low of day. In for half a position at 3.34
Posted by PCola77 on :
Doubled up at 3.01. Average 3.175
Posted by BooDog on :
quote:Originally posted by PCola77: You been making a killing lately too, I hope?
quote:Originally posted by BooDog:
quote:Originally posted by PCola77: LOL. On a day like today I don't have time to set up another account and pretend to be an admirer
Maybe on a slower day
quote:Originally posted by BooDog: You talking to yourself P???
lol just kidding good luck thadchr.
No doubt. This is just nuts.
Doin what I can with what i got. more on paper and practice accounts than on my real account but it's workin bro. I was home today so was able to track a few i've been watching. see the bank thread, mtg, ncc had a couple nice moves. mtg could go either way in the AM imo.
Posted by PCola77 on :
Playing it safe today and watching a bunch but haven't made any trades. Still holding a bunch of CNB. It's the only green number on my screen right now... I still thikn it'll pop at some point and get close to $3.75 or $4.00, but I'd probably sell before then.
I'll post if anything else jumps out at me.
Posted by PCola77 on :
Wacthing TKR. Was at 13.75 and I put in a stink bid at 13.01. Got as low as 13.15 and bounced some. Still watching.
Posted by PCola77 on :
In for 1/2 position at 13.25 and will add if it gets below 13.
Posted by PCola77 on :
Doubled up TKR at $13
Posted by PCola77 on :
Sold TKR at 13.15 for a small gain and CNB at 3.19 for a small gain also.
Have a good weekend everyone.
Posted by wholesaledealer on :
I am looking at PRSC, CRZ & NEXC Does anyone have suggestions? Thanks Steve
Posted by BooDog on :
quote:Originally posted by wholesaledealer: I am looking at PRSC, CRZ & NEXC Does anyone have suggestions? Thanks Steve
CRZ still fairly low volume and taking a hit just because of who they are. They have potential imo but are still in the dirt chart wise imo. I'll have it on radar. Feel free to start your own thread on the individual stocks. Then we can comment on them on their own thread. You'll see the POST NEW TOPIC links on the forum page at the top and bottom left I think. Just give the symbol and the stock name for the subject line. Then in the first post put your thoughts.
Posted by PCola77 on :
In SVNT too early at 4.32ish and then added at 3.90. Average is 4.17.
Posted by Peaser on :
I'm in at 4.00
Posted by Peaser on :
I was wrong. I was filled at 3.99
They were downgraded by one analyst today.
Looks like a nice swinger here, they just need a partner and it could take off.
Added again at 3.86 and it dropped immediately again. May just cut my losses soon.
Posted by Peaser on :
"McMinn reaffirmed a "Outperform" rating and said shares will likely remain under pressure until the company can find a partner. At issue, she added, is the possible need for funding to eventually launch the drug. Without a partner, she said, the company likely will require public financing.
As of June 30, the company had about $112.5 million in cash and cash equivalents, according to Securities and Exchange Commission filing."
It should start turning back up by 10:30am EST IMO.
Posted by PCola77 on :
I hope you're right. I added again on that drop to 3.40. Happened too quickly to even cut my losses, so I added for a bounce. C'mon baby, bounce!
Average is now 3.74
Posted by Peaser on :
Nice average.
Looking for 5.00 today. Might just hold this pig overnight.
Posted by Peaser on :
Missed my bid by .03. Crap.
Posted by Peaser on :
Got 3.23, and down she comes. sheez...
Posted by Peaser on :
Need a quick mention on CNBC.
Posted by Peaser on :
Run you pig.
Posted by PCola77 on :
Wow, this turned out to be a huge dog. Guess I shoulda cut my losses when I was planning to . I coulda gotten in a ton lower. hit 2.81 a bit ago. Yikes
Posted by Peaser on :
This better run in the final 30 minutes today.
Posted by thadchr on :
Keep me updated if you can guys. If you expect a run at today's close, I'd love to take advantage by buying in for a few. Posted by Peaser on :
A run in the final hour+ would be even better.
Posted by PCola77 on :
In SRZ at 3.46
Posted by PCola77 on :
Right now I'm in it too deep to think rationally, so I can't give you an unbiased answer
quote:Originally posted by thadchr: Keep me updated if you can guys. If you expect a run at today's close, I'd love to take advantage by buying in for a few.
Posted by PCola77 on :
In HRZ at 4.09
Posted by Peaser on :
P, Lookin' for some short covering into the close on SVNT.
Posted by stock buyer on :
Hi All,
This is a great thread.
I am also in SVNT at average $3.39.
Posted by Peaser on :
We sure didn't get much action at the end of the day. Hopefully we'll see a bounce by the end of the week.
Posted by PCola77 on :
Out of SRZ at 3.79 from yesterday
Posted by PCola77 on :
Got in MTH at 7.66 in my IRA.
Also watching CVG. Seems like it's about ready to bounce.
Posted by PCola77 on :
CVG with a nice bounce from 6.82 to 7.25 there
Posted by T e x on :
noice!
Posted by PCola77 on :
Out of MTH at 8.49 from 7.66
Posted by PCola77 on :
Gracias! You playing anything lately?
You see my note on TEX on my form 4 thread?
quote:Originally posted by T e x: noice!
Posted by Stock_Pupil on :
Do you have any new positions to recommend? I want to start doing some DD on them for tomorrow's open.
Posted by PCola77 on :
Sorry, I don't work that way. I just react to what the market throws at me. If you do DD overnight, then it's too late to get in any of the ones I play, usually.
Posted by Stock_Pupil on :
What vital signs draw your attention?
Posted by IMAKEMONEY on :
Stock_Pupil VOLUME!!!
Posted by moremula on :
SP i believe the goal is to find those stocks which have a big % loss, to catch the bottom end and sell it when it rises back up. IMO the volume needs to be present,RS below 20 and the price action out of the MA evevelope(below). Im sure there are other signs but these are some signs that may be worth looking into.
Basically just big drops on either no news or news that's not as bad as the price action indicates. There's obviously a lot more that goes into it, but that's the starting point. I don't use charts, per se, it's kind of a gut thing for me, where depending on the stock I look at different things.
And that is just one type of trade that I do, albeit the most frequent recently.
Oh, and I wouldn't recommend others try my strategy without paper trading the idea for a long time. You can lose a lot of money very quickly if you time it wrong or get into a situation where you're away from the computer or have to hold due to trade settlement rules or things like that.
quote:Originally posted by Stock_Pupil: What vital signs draw your attention?
Posted by T e x on :
quote:Originally posted by PCola77: Gracias! You playing anything lately?
You see my note on TEX on my form 4 thread?
quote:Originally posted by T e x: noice!
yes, I did see that--pretty funny.
No, I've danced around and hemmed and hawed, but I've decided that for now it's best for me to simply keep up so that I'm not completely out of the loop when I return. There's simply too many factors not in my favor: chicanery continues with the mortgage company, for one; for another, I simply can't bring myself to open up trading accounts under these wifi networks where I've been staying while I wrangle for a new home. I'm much more comfortable with four or five screens up, with backup machines, on a dependable network.
There's sure been some nice opportunities, though, and I'm rooting for all you guys who are out there mixing it up in this climate. It makes me grin every time I think about you going solo during this period... yippie yo kai yay
Posted by stock buyer on :
My Schwab account shows 12 dollars for SVNT but my TD ameritrade shows 3.04!
Posted by PCola77 on :
Okay, I'm out of SVNT at a 3.78 average. Ran hard during a conference call where they refuted analysts' claims that the drug was unsafe.
Also sold out of half of my HRZ at 3.83
Posted by PCola77 on :
Man, I hope you hurry up and get back on the horse soon. So many opps out there lately. And trust me, it makes me grin thinking about going solo too. Get to spend so much more time with the kdis, and after 7.5 days I've made more than I took home in 2 months at my old job. And I had a pretty good job. Hope it keeps up obviously.
Haven't traded much in the last two days ecause of my SVNT hold, and feeling a bit under the weather today, but tomorrow I should be back to trading actively, I hope.
Everyone please feel free to post ideas for trades here if they are more short term, bouncing kind of plays. (In other words, I apologize in advance to anyone I ignore who asks about a stock being overvalued in the long term, since it's just not something I care about when I'm trading)
quote:Originally posted by T e x:
quote:Originally posted by PCola77: Gracias! You playing anything lately?
You see my note on TEX on my form 4 thread?
quote:Originally posted by T e x: noice!
yes, I did see that--pretty funny.
No, I've danced around and hemmed and hawed, but I've decided that for now it's best for me to simply keep up so that I'm not completely out of the loop when I return. There's simply too many factors not in my favor: chicanery continues with the mortgage company, for one; for another, I simply can't bring myself to open up trading accounts under these wifi networks where I've been staying while I wrangle for a new home. I'm much more comfortable with four or five screens up, with backup machines, on a dependable network.
There's sure been some nice opportunities, though, and I'm rooting for all you guys who are out there mixing it up in this climate. It makes me grin every time I think about you going solo during this period... yippie yo kai yay
Oh well, didn't go in very big, and just added more at .42 to average down in case the refute the reoprt after the market closes.
Posted by Peaser on :
SVNT finally made me some money today. Hit my 5.00 target.
Posted by invester on :
quote:Originally posted by PCola77: In VSE at .52
B/A line already a double for you A/H.
1.05 1.06
Can't believe I missed this one. Grrrrrr.
Posted by Peaser on :
Yah, that was a nice one.
Posted by PCola77 on :
Did it really get that high? Last I saw was .59 x .60
Posted by Peaser on :
Last trade is .59
Posted by PCola77 on :
Yeah thanks, just checked the after hours trades. Musta been an anomoly that he saw. I'll happily take 1.05 tomorrow though. Posted by Peaser on :
1.05 was at about 9:45 am est, then it tanked all day.
I appologize for taking that alias' word for it.
Posted by wholesaledealer on :
News on VSE after market closed What do you still thnk about it. Thanks Steve
Not sure your link works for anyone without Scottrade.
Posted by invester on :
Scottrade has a B/A of 1.05 1.06 Must be erroneous.
Posted by PCola77 on :
Sold my VSE pre-market at .62 and change.
Investor, not sure why Scottrade was screwed up.
And Steve, I just played this for a quick bounce, I wouldn't be buying here. It may run back up some, but I'm very content to have gotten out at .62. My hope was to get out just above .50, honestly.
Posted by Happy Valley on :
Got GKK on watch this morning...Will see if it pulls back a little after opening gap...
Wow, you shoulda gotten in GKK yesterday at the close Posted by Happy Valley on :
Yeah, GNLB too...lol
Posted by stock buyer on :
How are PPO and HIG?
Posted by PCola77 on :
Stock buyer. I missed HIG completely, but had an order in for PPO at 6.25 when it was at 6.75ish. (it hit 6.29, so I got none)
Saw HIG bounced nicely, so you're on the right track. Sorry I didn't respond sooner, it's tough to monitor everything.
Posted by PCola77 on :
Eeek. Went to put in an order to buy 2000 shares of SMMX at 4.25 and instead entered it as a sell. So I shorted 2000 shares at 4.68 and just covered at 4.57 and 4.62. What a lucky SOB I am.
Posted by stock buyer on :
I missed HIG, too. But got in and out of PPO 6.50, 7.12.
quote:Originally posted by PCola77: Stock buyer. I missed HIG completely, but had an order in for PPO at 6.25 when it was at 6.75ish. (it hit 6.29, so I got none)
Saw HIG bounced nicely, so you're on the right track. Sorry I didn't respond sooner, it's tough to monitor everything.
Posted by PCola77 on :
Very nice trade.
Posted by PCola77 on :
Just added more HRZ at 4.08 to my pile from the other day. It started running. Then I got out of all of it at 4.32ish average. All of a sudden it's at 4.70 though. Whoops. Too bad I was paying attention to it, or I wouldn't have sold until after it got this high Posted by PCola77 on :
In PPC at .86
Posted by PCola77 on :
Out PPC at .92
Posted by PCola77 on :
In HIG at 12.06 and shorted HSNI at 7.68
Posted by PCola77 on :
Added HIG at 11.66
Posted by PCola77 on :
Addded one more time at 11.29 and then watched it drop to 10.70. My avg is 11.69
Posted by PCola77 on :
Added a bunch more. Average now at 11.29. Trading at 10.50. yuck
Posted by stock buyer on :
I am also in HIG at average 10.88. Seems like I will sleep on it. It might end up doing what MS did a couple of weeks ago.
Posted by PCola77 on :
Well, you're better off than I am, but this is UGLY.
Posted by Happy Valley on :
In GKK here at $1.40...
Posted by stock buyer on :
Seems like HIG finally bottomed at 8.23..
Posted by PCola77 on :
Out a bunch of HIG at 10.60 to cut my losses. I had added more at 9.69, so my average was 10.76. I'll hold the last 1/3 overnight I think.
Posted by invester on :
Not to get back on VSE, but have you seen the holdings of DONALD ENDRES? Over 31 million shares, not one sold. The guy is an officer and didn't sell. There was also a PR stating they are moving forward with another plant. Does that suggest Bankruptcy? You tell me. Thoughts?
Posted by invester on :
Only 78 million O/S. Strange
Posted by stock buyer on :
For the sake of argument: Makes sense. I think it's simply because he doesn't want his company to fail; he is hopeful. And it might not fail as well. But owners of a business are more prone to be sentimental at difficult times.
quote:Originally posted by invester: Not to get back on VSE, but have you seen the holdings of DONALD ENDRES? Over 31 million shares, not one sold. The guy is an officer and didn't sell. There was also a PR stating they are moving forward with another plant. Does that suggest Bankruptcy? You tell me. Thoughts?
Posted by Peaser on :
SVNT broke through the 5.00 wall
For swingers, it'd be nice to see it at 11.00 in the short term, and a filled gap on the chart.
Posted by fourseven on :
CPST on a climb this morning (1.36 -> 1.53), now spiking on volume
Posted by Stock_Pupil on :
Thanks PCola I bought into HIG * 9 and just let it go for 13.
Posted by PCola77 on :
Nice job. I guess the "pupil" has become the master. I lost like a grand on HIG. Coulda made like $15,000 if I had held to today. Oh well.
Posted by Stock_Pupil on :
I'm not sure about the master part but I'm definitely improving thanks to some of the people on this board.
Posted by Peaser on :
ROFL.
CC - Just got mentioned on CNBC and took off from .33 to .47.
Now it's comin' back to reality.
Nice daytrad'n stock today.
Stupid pumpers...
Posted by stock buyer on :
I am out of HIG at 11.88.
quote:Originally posted by PCola77: Nice job. I guess the "pupil" has become the master. I lost like a grand on HIG. Coulda made like $15,000 if I had held to today. Oh well.
Posted by Happy Valley on :
In QI at .216
Posted by PCola77 on :
What's the deal there? What are you looking for out of it?
quote:Originally posted by Happy Valley: In QI at .216
Posted by Happy Valley on :
PCola, BK factored in down here imo...QI just sold it's stake in Inotera to Micron for $400 million...If IFX(majority owner of QI) thought BK was on the horizon, why not just sell off the whole company???Risk/Reward good down here imo...May average down if it pulls back a little...
Posted by PCola77 on :
Cool, I'll look into it some more. Thanks.
Posted by PCola77 on :
Just grabbed some OMX at 6.42. Small position to start.
Posted by PCola77 on :
Had an order ready to double up at 6.11 but then the doorbell rang and I missed the chance when I was away from the computer. Oh well. Up $100+ on the trade but could have been more.
Posted by fourseven on :
Wow HIG was a good play today. Congrats guys.
Posted by stock buyer on :
I agree. But most of us sold too early.
quote:Originally posted by fourseven: Wow HIG was a good play today. Congrats guys.
Posted by Stock_Pupil on :
Yea I sold this morning * $13 because I was so weary about holding over the weekend I wanted to get out as soon as possible at a reasonable price. Green is green I suppose but I missed out on a considerable amount of green by selling too soon.
I haven't seen another one quite like this one (Lots of volume + Huge drop-Selling Frenzy) lately.
I'm looking at GTCB now I just wish the volume was a little higher considering the low stock price. The fact that it's a pharma waiting on approval next year is another thing I don't like, but could be worth a nice rebound play.
Posted by Gary59 on :
HIG was scary last friday, I had an order in at 9.50 and cancelled it because of the way it was running, then I got in today at 14.50 and out at 15.50,, should have held longer but was away from the computer.
Posted by invester on :
Still in HIG from $10.27
Posted by invester on :
Gapping higher by $1 already. Why would you have ever sold Hartford at these levels. To much emotion involved. This is one of the strongest institutions around. They date back to the 1850's. Just a great buying opportunity.
Posted by fourseven on :
I don't know. It seems like a responsible thing to do - to cash in your profit Posted by PCola77 on :
Sold OMX at 6.94
Posted by PCola77 on :
In FCSX at 3.80
Posted by PCola77 on :
Added at 3.29 and had another order at 2.89 and it bottomed at 2.90, so I missed it by a penny
Posted by PCola77 on :
In AHII at 3.10
Posted by stock buyer on :
I am in AHII at 3.01 and FCSX at 3.195
Posted by Stock_Pupil on :
I have unsettled funds, I'm not sure if I should get into either.
Posted by PCola77 on :
I averaged down on AHII at 2.80, so I am in at 2.95. FCSX My average is liek 3.55, so I'm around breakeven on that one.
You cash out any of your FCSX yet?
quote:Originally posted by stock buyer: I am in AHII at 3.01 and FCSX at 3.195
Posted by stock buyer on :
Yes I am out of FCSX at 3.51. My average of AHII is currently 2.98. I might keep this one till tomorrow.
How is THC?
quote:Originally posted by PCola77: I averaged down on AHII at 2.80, so I am in at 2.95. FCSX My average is liek 3.55, so I'm around breakeven on that one.
You cash out any of your FCSX yet?
quote:Originally posted by stock buyer: I am in AHII at 3.01 and FCSX at 3.195
Posted by PCola77 on :
THC at 2.56 now. Looks intriguing. Not in yet but will look into it.
quote:Originally posted by stock buyer: Yes I am out of FCSX at 3.51. My average of AHII is currently 2.98. I might keep this one till tomorrow.
How is THC?
quote:Originally posted by PCola77: I averaged down on AHII at 2.80, so I am in at 2.95. FCSX My average is liek 3.55, so I'm around breakeven on that one.
You cash out any of your FCSX yet?
quote:Originally posted by stock buyer: I am in AHII at 3.01 and FCSX at 3.195
Posted by PCola77 on :
Sold FCSX just before the close at 3.77
Posted by stock buyer on :
Nice trade. I am holding AHII overnight.
Posted by PCola77 on :
Me too. Hope it bounces in the morning.
Posted by Stock_Pupil on :
I have unsettled funds, I'm not sure if I should get into either.
Posted by Stock_Pupil on :
Sorry, I'm not sure why my post, posted again today!!
Posted by Stock_Pupil on :
I'm looking at CROX, it dropped 30% and I can't find any particular reason.
Posted by stock buyer on :
Still in AHII at 2.98. I thought it would do something after the election day.
Posted by stock buyer on :
What was the reason it went up in the first place? It might have something to do with that.
quote:Originally posted by Stock_Pupil: I'm looking at CROX, it dropped 30% and I can't find any particular reason.
Posted by PCola77 on :
I know a lot of people who shorted it. Bascially it went up a bunch for no good reason the last few days, and when that happens it usually goes right back down...
quote:Originally posted by Stock_Pupil: I'm looking at CROX, it dropped 30% and I can't find any particular reason.
Posted by Stock_Pupil on :
I think I've found one. SVR is the ticker, looks good, from what I can tell it's oversold. News came out about them loosing two accounts that should only make a $6 to $8 million dent in revenue, which is a hit but I'm not sure if it's enough of a hit to justify a %40+ drop in their stock price.
Posted by PCola77 on :
I was watching that one today. I was looking for one more violent spike downward though. It stayed right around $10 for it seemed like hours. If it had one big spike down to $8 or $9 I definitely would have jumped in.
quote:Originally posted by Stock_Pupil: I think I've found one. SVR is the ticker, looks good, from what I can tell it's oversold. News came out about them loosing two accounts that should only make a $6 to $8 million dent in revenue, which is a hit but I'm not sure if it's enough of a hit to justify a %40+ drop in their stock price.
Posted by PCola77 on :
SVR spiked down to 8.92 today, but I wasn't paying attention and it's bounced back some from there.
Posted by PCola77 on :
SVR down to 8.50, could be close to ready.
Posted by SoAngel on :
PCola77- Do you have a target entry for SVR ?
Posted by stock buyer on :
What would you do now if you hadn't sold your AHII?!!
Posted by PCola77 on :
I was watching for a big spike down, probably would have gotten in if it hit 8.25 or so.
quote:Originally posted by SoAngel: PCola77- Do you have a target entry for SVR ?
Posted by PCola77 on :
Geez, I hadn't looked closely at that one. I got killed on it. I sold at 2.30, so if you sell now you did better than I did... Sorry, can't gve you anything more than that.
quote:Originally posted by stock buyer: What would you do now if you hadn't sold your AHII?!!
Posted by PCola77 on :
Looks like that spike under $8.50 was a good point to buy.
Posted by stock buyer on :
I am in GM at 3.26 and ACAS at 8.46.
Posted by PCola77 on :
Bought DFT at 1.91 and am still holding overnight. It went over $2 but I got greedy and never sold, and it's now below where I bought, so that was stupid, but I think it will get back up tomorrow.
Got GGP at 1.32 today and sold at 1.39 just before the close. It was over $1.50 but like DFT, I held too long and lost a bunch of my gains.
Bought CCO at 3.58 but it never really bounced. Sold at 3.61 just before the market closed.
Made a few bucks today, but nothing exciting.
Posted by PCola77 on :
I was watching ACAS, but it never dropped fast enough to make me want to get in. I hope it rebounds for ya though.
quote:Originally posted by stock buyer: I am in GM at 3.26 and ACAS at 8.46.
Posted by stock buyer on :
Thanks. I hope you'll do alright too. GGP needs some attention.
Posted by PCola77 on :
Wow, I'm so lucky I sold GGP at the clsoe yesterday. News of possible BK and it's down like 40%.
Posted by CHGinc on :
PCola77
I like your daytrade thread here. Seems your mostly playing the bounce.
We are in ASTM today.
Heres to a good day. Cheers
Posted by T e x on :
quote:Originally posted by CHGinc: PCola77
I like your daytrade thread here. Seems your mostly playing the bounce.
We are in ASTM today.
Heres to a good day. Cheers
"We" ... ?
Who's we?
Posted by stock buyer on :
That's great! For some reason I thought you still had GGP.
quote:Originally posted by PCola77: Wow, I'm so lucky I sold GGP at the clsoe yesterday. News of possible BK and it's down like 40%.
Posted by PCola77 on :
Well, I have it again now... Posted by PCola77 on :
Out half at .45 from .42ish average. Holding the other half looking for a return to .60s
Posted by PCola77 on :
Was watching .40 and put an order in to buy back teh half that I sodl at .45 but never pulled the trigger. Should have done it. Back to .43
Posted by wholesaledealer on :
I got in .40 Doing good so far!! Thanks PC
Posted by stock buyer on :
Good trading day for you! I am stuck at ACAS and GM though. I might keep GM for a week and ACAS seems like is waiting for a bounce tomorrow.
Posted by PCola77 on :
stock buyer, the first rule I have is never just hold and hope (though I violate that rule far more often than I care to admit). If you have a legitimate reason to thikn that it will bounce, that's one thing, but if not, just take your loss and have your money ready for one that you are more confident in.
Just something I've learned over the years.
Posted by PCola77 on :
Did you get out when it went over .44 again, or are you still holding? Eitehr way, I hope you do well on it!
quote:Originally posted by wholesaledealer: I got in .40 Doing good so far!! Thanks PC
Posted by PCola77 on :
Watching FMCN here at LOD. Hoping for a nice big crash to $7 or so to get in.
Posted by wholesaledealer on :
Still holding!!!! Looks good
Posted by stock buyer on :
I can tell what you say makes sense. I really think ACAS will go up a bit tomorrow. I can't bring a reason but that's how the curve suggests and ACAS is not a junk stock. Also I am optimistic about Omaba-Bush conversations about auto industry. Obama has asked Bush to help it but Bush is yet to agree. There is a chance it will work for GM. It is already cheap. What do you think? I know you are busy so you can answer me after close.
quote:Originally posted by PCola77: stock buyer, the first rule I have is never just hold and hope (though I violate that rule far more often than I care to admit). If you have a legitimate reason to thikn that it will bounce, that's one thing, but if not, just take your loss and have your money ready for one that you are more confident in.
Just something I've learned over the years.
Posted by PCola77 on :
Sorry, I didn't dig in to either, but there's no way I'd be long a compnay like GM overnight. At that point you could get news that it's bankrupt, or news that the gov't is bailing them out. It's just gambling at that point in my opinion.
Posted by PCola77 on :
Back in GGP at .401
Posted by PCola77 on :
Back out of those shares at .4399. Still holding the ones from this morning.
Posted by PCola77 on :
Geez, ran up to .48 and then just crashed. Got back in at .39
Posted by SuperSniper00 on :
Im not sure if SVR is a good pick. The reason they lost 50% of their value is because two major cell phone companies dropped them because they didnt want to outsource the technology anymore. I cant seem to find the article, but I know Altell was one of them.
Posted by PCola77 on :
Sniper, I daytrade, so SVR is off my radar now. I don't care why things are down, usually when they go down huge, regardless of the reason, they have a bounce at some point. GGP was a good example today. hey may be going bankrupt, but I made a ton on it today because it bounced a few times.
A stock that bounces from -50% to -25% during a day may look bad to most people (down 25% at it's best) but to me, if you buy a $10 stock at 5 and sell at $7.50, who cares if it's down 25%, you made 50% on the trade.
Posted by wholesaledealer on :
PC I bought this in the morning & held all day. Looks Great until I just read they filed for bk after the close. That's 2 in a row for me!!! crap Steve
Posted by Ace of Spades on :
What's up PCola....You've made some great trades lately!
This Thread is Great..Keep up the good work!
Posted by jgrecoconstr on :
P I went to look at ggp on yahoo and it was up to $1.39 after hours with way waay above average volume. Then boom it dropped right back to .40 Was pretty awesome looking.
Posted by invester on :
quote:Originally posted by wholesaledealer: PC I bought this in the morning & held all day. Looks Great until I just read they filed for bk after the close. That's 2 in a row for me!!! crap Steve
I'm not finding this info. I covered my PUTS today. Where are you finding this?
Posted by PCola77 on :
and it was a single tarde for 108 shares, so something was screwed up with that one I think.
Anyway, I tried to post the following earlier, but I had posted somethign else and got that annoying "You must wait 60 seconds to post" error, and forgot to repost it. I got out at .46 and .4799 just before the close and made a good amount today.
For future reference I will sell before the close most of the time, espeicially one like this that is bordering on insolvency. Just like I mentioned about GM, it could gap up or down huge, and that's more gambling than trading.
I'm all cash overnight.
Posted by PCola77 on :
Hey Tex/Bob, if it's not appropriate, just delete this post, but I have a list of a few friends/ex-co-workers who I try to e-mail when I make a trade, and since I don't geta chance to post here as quickly, I wanted to offer people here who might be interested that I could add them to my list and e-mail them when I trade in case they want to get a more real-time feel for how I trade.
Anyone that wants me to add them, just PM me your e-mail address.
Posted by PCola77 on :
One of the artices said they "warned of bankruptcy" but they didn't file anything 9as far as I know). Just a confusing headline that screws up prices.
quote:Originally posted by invester:
quote:Originally posted by wholesaledealer: PC I bought this in the morning & held all day. Looks Great until I just read they filed for bk after the close. That's 2 in a row for me!!! crap Steve
I'm not finding this info. I covered my PUTS today. Where are you finding this?
Posted by invester on :
Ya, I saw that PR. Huge payday if they get the re-fi done. Just one aspect of there business is Commercial RE. With that segment they own over 200 shopping centers. Vornado has issues as well.
Posted by PCola77 on :
Thanks Ace, I've been doing really well in my first 3 weeks. Trying to stay grounded and just want to make enough to get by. I'm loving "working" from home and spending more time with the family, which is obviously what's really important.
quote:Originally posted by Ace of Spades: What's up PCola....You've made some great trades lately!
This Thread is Great..Keep up the good work!
Posted by jgrecoconstr on :
So you think they mistyped and put a buck in front of it for the buy. I put the symbol in 3 times cause the price was so high when I was looking at it I was thinking theres no way he was buying at 40 cents when it was 1.39. Then I was thining cool if you sold after hours. I have no cash to trade so I have just been surfing in here most nights. Check these two out if you have time. SKS looks like it may have a little in it today and URRE fell back to a support line. Good luck.
Posted by PCola77 on :
Geez, two days in a row I sold GGP just before the glose and avoided a huge gap down. Should be some more good bouncers today, I think.
Posted by PCola77 on :
In KHD at 8.37 on that dip
Posted by PCola77 on :
In NT at .535
Posted by invester on :
Short VNO
Posted by PCola77 on :
Back in GGP at .3501 kind of by accident from an order I left open from this morning. Hope I want it...
Posted by invester on :
Look like a good fill. If they get the re-fi, GGP will fly
Posted by PCola77 on :
Went down to like .30 before the close, but I had a good day. KHD, NT, were good, and PLD and CTCM, which I forgot to post here were also nice ones for me.
Just saw your post about VNO investor. Nice timing. Looks like you got it right before it crashed down into the close. Hope it stays down for ya tomorrow.
Posted by IMAKEMONEY on :
FLIP PFG FOR 2.00 BUCKS. Posted by invester on :
quote:Originally posted by PCola77: Went down to like .30 before the close, but I had a good day. KHD, NT, were good, and PLD and CTCM, which I forgot to post here were also nice ones for me.
Just saw your post about VNO investor. Nice timing. Looks like you got it right before it crashed down into the close. Hope it stays down for ya tomorrow.
REIT's are in trouble. I was too cautious on this one as most of there R.E. is in N.Y. I changed my opinion this morning after reading there balance sheet. I think they are going to have trouble with the Re-Fi as well. I might also look at Hartford Financial again for the short. There exposure to Annuities is extremely high. Maybe PRU as well.
Posted by invester on :
quote:Originally posted by IMAKEMONEY: FLIP PFG FOR 2.00 BUCKS.
I would short PFG as well.
Posted by PCola77 on :
Traded WCG a few times already today. Made two good trades and then am holding now at a loss on the 3rd trade. I thikn it will spike back up at some point today, but we'll see.
Posted by PCola77 on :
Sold NT at .68 for 27% from yesterday.
Posted by PCola77 on :
Just sold WCG for another big gain.
Still holding GGP from yesterday at a decent loss, but WCG made up for it about 4 times over, so I won't complain.
Posted by invester on :
quote:Originally posted by PCola77: Just sold WCG for another big gain.
Still holding GGP from yesterday at a decent loss, but WCG made up for it about 4 times over, so I won't complain.
Nice trade P, I almost pulled the trigger on WCG as well, almost. LoL
Posted by IMAKEMONEY on :
invester Member
posted November 12, 2008 06:46 PM --------------------------------------------------------------------------------
quote: -------------------------------------------------------------------------------- Originally posted by IMAKEMONEY: FLIP PFG FOR 2.00 BUCKS. --------------------------------------------------------------------------------
I would short PFG as well. -------------------------------------------------------------------------------- Posts: 2913 | From: houston | Registered: Mar 2006 | IP: Logged | GOT THE FLIP!!! LOL
Posted by invester on :
PFG got down to $14 today. Nice trade.
Posted by PCola77 on :
Here is my summary for today:
Today was another good day for me, as I made about 10%. I was pretty happy until I realized the Down and S&P were up about 7%. Even so, I'll take it.
WCG was basically the only stock that I played today (aside from NT and GGP, which I held from yesterday)
It may help to have the day's chart open as you read this if you're interested, to follow along with my thinking.
I first noticed WCG when it was trading at about 8.50, and that it was down almost 60%. I did a quick check of the news, and didn't see any rumors of bankruptcy, and after less than a minute of research, it was down below $8. It was a 20% drop from $10 to $8 in under 8 minutes, which is a pretty big drop in that short a time. I put my limit order in to buy at 7.90 I think, and it had already gone past it before i hit enter, so I modified the order to $8. It filled me at a few different prices, and the average was about $7.93. I was confident that it would bounce at some point, and decided to buy at that point, and then average down if it kept falling while I looked more in depth into why it had dropped so much. It started bouncing almost immediately, so I put in an order to sell at 8.43, which would be a $500 profit if it got filled, and I started to do more research.
Less than a minute later I got an alert that my sell had filled, and I saw it was already back under 8.20 in the 2 seconds that it took me to look over to my second screen where my trading platform is. I thought that it was just a pullback, and I put an order in to rebuy at 8.12. Why 8.12? No idea really, just a number that seemed right in my head. Through nothing more than pure luck, it hit a low of 8.11 before it started to run higher again. Less than 4 minutes later it was above 8.80, so I put in an order to sell at 8.82, which would be a nice $700 profit that time.
That sell filled, and it started crashing back down again. I bought more at 8.44, and commented on a message board that I was "Back in at 8.44 and probably going to lose all of what I made earlier, knowing me". I didn't even bother e-mailing this one, because I was sure I'd be averaging down soon after. So why did I get back in? Nothing more than stupidity, I guess. I wanted to try to catch it one more time, even though I wasn't confident at all that it would go back up from there.
So of course it kept going down. I bought more at 7.75, then even more at 6.75. As I watched it trade and researched it more, it went as low as 6.23. I had another order in at 6.01, but it did not fill. After sometime, I began to get more and more comfortable with my position, and told a couple of people that I was confident that it would be back over $8 before the end of the day. So when it went back as high as 7.46, I didn't sell any. It came back down again, getting as low as 6.14. Within a few minutes it was back at 6.83, but I still didn't sell, comfortable that it would get back to my $8 target. Then it crashed back down again, and this time I adjusted my last buy order from 6.01 to 6.20, and luckily for me, it filled that buy, and then started heading north. My average was now 7.18, but I had 4 times my normal number amount of money into it, so when it gt above my average price, I sold 60% of the shares. that way, I made a small profit on those shares, and reduced my holdings to a more comfortable level.
It then went over 7.80, and although I still felt that it would go over $8, it pulled back below 7.50, so when it started going up again, I sold the rest of my shares at 7.73. Within 3 minutes it hit a high of 8.41, but I made a good bit on it, so I wasn't too upset.
Around 1:45 it got back down under 7.50, so I felt better about my decision to sell. But then it started going up. And up. It got as high as 8.86 and then came back down and I bought back in at 8.36. I sold a couple of minutes later at 8.58, to lock in about $200 profit, but should have held it longer as about 10 minutes later it started running again. And this time it just kept going up. When all was said and done, it got as high as 10.10, which was far higher than I thought it would get. Then it came back down really fast, and I got more at $9. But it kept falling, so I doubled up at 8.55. I sold all of those shares at 8.99, so basically breakeven on the $9 shares and $400 profit on the $8.55 shares.
It kept going up, this time peaking at about $9.95. As I sat thinking about it, I got the feeling that even though it went from a low of around $6 to a high of around $10 (or a gain of 67%), it was still down over 50% for the day. I just have a feeling that it will make back more of that ground tomorrow, so I decided to try to get back in around $9 to hold over night, and even if it never got back above $10 tomorrow, I think I can get at least that much, which would be an 11% trade. Luckily for me (or maybe not, I guess I'll find out tomorrow) it got back below $9 at around 3:45, so I bought it.
So that's the story of my trades on WCG today. I ended up making 16 trades on it today, which is much more than I usually do, but it ended up being well worth it.
As for NT and GGP, I sold NT at .68 from .535 yesterday for 27% (only to watch it go to .78 just before the close) and GGP at .3599 from .3501 yesterday for 2.8% (only to watch it go to .42 just before the close).
So as I said, I made about 10% on my account today, which now puts me up about 45% overall since I started on October 20th.
Please feel free to let me know if you have any questions or comments.
Posted by AJGrano on :
Very nice day I'd say PCola77. I was actually looking at WCG earlier in the day and was wondering if it was going to go any lower but then I had to sleep man. Worked from 10pm last night (11/12) until about 11am this morning (11/13) and had class before that so I was ass'ed out. I'm only in a few stocks right now and I'm holding most of them but I had to dump GENT today before I went to sleep so I didn't wake up and kick myself later. Bought in at .42 and sold at .70 so not too shabby.
I just can't believe when I went to sleep the Dow was -200 and then I wake up 3 1/2 hours later and its +500. Maybe I should just sleep from 930 - 4 everyday to help our economy, haha. Ah man, I'm kicking myself for not getting into Midway MWY too. Closed at .23 and then when I woke up and saw it at .30 I figured it was too late....obviously I was wrong because it still went up to .37 . Posted by PCola77 on :
GGP (that I bought at .3501, held for a day and sold at .3599 when it never moved) ran like crazy today, as high as .63. When it pulled back to .50ish, I got back in at .515.
Just sold half at .555 for about 7.5% and holding the other half looking for a break of the day's high.
Posted by PCola77 on :
Bought that half back at .52
Posted by invester on :
quote:Originally posted by PCola77: Bought that half back at .52
The only Friday GGP news I see is negative. They may file for bankruptcy. Thoughts?????
Posted by PCola77 on :
Thoughts? I think I didn't get out in time, and it crashed from .55 to .45 in seconds
And why wouldn't it go up like 70% when they say they may seen bk protection? (That's obviously sarcasm, but in other words, nothing seems to react how you'd think it would, so I don't even play news, I just watch the price action)
Posted by stock buyer on :
Sold GM, too. You were right I should have sold it the first day. I am looking to play today.
Posted by Ace of Spades on :
PCola, I don't know if you saw my post on the Market bottom thread on this board.....but I thanked you for the link to the new 3x ETF board at Ihub...it's awesome!!!
Again thanks! I real busy right now and only trade a few stocks like solars every time they hit a short term bottom! So I didn't ever realized these ETF's were launched.
I will deffiantetly be playing these ETF'S Now. With 3x leverage we can now make a lot better percent gains, with out having to try to decide on an individual stock! Basicly we can just switch just switch back and forth between the long and short one, and be making great gains non stop....wether you're doing real acitve, mid-term, or long term investing.....
Thanks again bro!
Posted by PCola77 on :
No prob Ace. They only came out last week I thikn, so you didn't miss them for long. I was watching CNBC and they started talking about them and my mouth started watering. LOL.
Posted by stock buyer on :
Is anybody looking at MDTH?
Posted by PCola77 on :
Added more WCG at 9.40 on this drop from 9.80 a few minutes ago. Will probably hold all of the shares until next week unless it movesbig in either direction.
Posted by PCola77 on :
I looked at it, but I like ones that have huge drops from lows of the day, so I' watch it closely if it got back down to like 7.50, and then had a quick drop into the $6.90s.
quote:Originally posted by stock buyer: Is anybody looking at MDTH?
Posted by PCola77 on :
11/14 Recap
Didn't make many trades today. Nothing really jumped out at me other than the ones that I already had on radar. I bought a couple of options today, and excluding them, I basically broke even, making about $68 after commission.
I held my WCG from $9 yesterday, and tried a few times to add more, seeming to always miss the bottom of a range by pennies. Finally I got more at 9.40. I am holding all of my WCG until next week. My average is 9.20, and it closed at 9.36.
Also played GGP a couple of times today. I sold yesterday at .3599 and it ran up to like .42 before the close. There was news released that they are considering filing for bankruptcy. Usually terrible news, right? Well, it went up like 60% to a high of .63 for some reason. When I saw it coming back down, I bought some at .53 and then some more at .50 for a .515 average. It went back up nicely from there, and I sold half of my shares at .555. I held the other half in case it bounced back up to a new day high. Well it didn't, and it came back down, so I bought back the shares at .52 that I had sold at .555. Unfortunately, it keep going down, and I sold those shares at .485 for a loss, to get back to a more comfortable number of shares. It eventually bounced back up, and I sold at .5199, which basically got me to breakeven for the day on GGP.
Around 3:30 it crashed back down to .47 and then bounced back up to .52. about 15 minutes later, it came back down again, and I got an e-mail from someone asking if I was thinking about buying it again. I said "Too close to the end of the day on Friday. And with bankruptcy rumors it's way too risky to hold over the weekend." Then, after the market closed, I was looking at my trades, and realized that I had left an order open from earlier in the day, and it got filled when GGP crashed down. So apparently I bought at .4701 (for the second time on GGP I did the same thing. I guess I better learn to cancel orders that I don't really want to be filled). So I ended the day down about 6.5% on those shares.
Basically the loss on that accidental trade wiped out my gains from my WCG hold, so I closed the day just slightly up. Not bad considering the DOW and S&P closed down 4% today after a huge slide just before the close.
I am holding a position in GGP and WCG over the weekend. I most likely won't be trading on Monday as I am scheduled to go in to my old office to help out with a project, but hopefully I can at least keep an eye on those two stocks to get out of them if I need to.
After 4 weeks trading full time, I am up about 45%. And no, I don't expect to be able to keep up this pace, or even close to it...
Hope everyone has a good weekend!
Posted by jgrecoconstr on :
Your going to do alot better once you get that touch of Alzhiemers under control. LOL good luck
Posted by invester on :
You trade today P?
Posted by PCola77 on :
Not really. When I left my job a month ago, I said I could help out on occassion if they neded me, and they called me Friday to ask if I could help with something, so I was at my old job today. Sold my GGP from Friday at .50 from .4701, and am still holding my WCG. Didn't watch closely, but didn't notice anythign especially exciting that I missed, so maybe I was better off getting paid for a consulting day than trading today anyway.
Posted by invester on :
quote:Originally posted by PCola77: Not really. When I left my job a month ago, I said I could help out on occassion if they neded me, and they called me Friday to ask if I could help with something, so I was at my old job today. Sold my GGP from Friday at .50 from .4701, and am still holding my WCG. Didn't watch closely, but didn't notice anythign especially exciting that I missed, so maybe I was better off getting paid for a consulting day than trading today anyway.
I bought CME and BIDU calls.
Posted by PCola77 on :
November, or further out?
Posted by invester on :
Dec.
Posted by stock buyer on :
I am in XTLB at 0.14. It doesn't show much up and down but I somehow think a 94 percent drop in value has not been fair to it. What do you think:
XTL Biopharmaceuticals Announces Top-Line Results From the Bicifadine Phase 2b Study for Diabetic Neuropathic PainLast update: 11/18/2008 8:05:00 AM
Study failed to meet its primary endpoint VALLEY COTTAGE, N.Y., Nov 18, 2008 /PRNewswire-FirstCall via COMTEX/ -- XTL Biopharmaceuticals Ltd. (XTLB) announced today the top-line results from the Bicifadine Phase 2b clinical trial for the treatment of diabetic neuropathic pain. The trial's primary objective was to compare the efficacy of two doses of Bicifadine against placebo in reducing pain associated with diabetic neuropathy. The primary endpoint of the study was the reduction in pain score during the course of treatment. The company announced that the study failed to meet its primary endpoint. The trial also failed to meet key secondary analysis.
Ron Bentsur, CEO of the company, commented: "We are all very disappointed with the results of the study. We will devote the next few days to further analyze the data and decide on the appropriate course of action for the Bicifadine program, and for the company."
SOURCE XTL Biopharmaceuticals Ltd.
Posted by ldiaz117 on :
I got in this morning as well. It should bounce back I would think.
Posted by stock buyer on :
Here is more news:
Ladenburg Thalmann & Co. analyst Juan Sanchez said in a note that the company would likely discontinue the product. "Bicifadine's was [XTL]'s only product in clinical development therefore we believe the company's current valuation should be based solely in cash," said Sanchez, who cut his investment rating on the stock to sell from buy. Ladenburg estimated XTL currently has a cash position of about $6 million, which would correspond to about 20 cents per American depositary share. "Given the lack of prospects for the company we believe, [XTL]'s shares should trade at a steep discount to cash," the note said. XTL representatives didn't immediately respond to a phone call requesting further comment.
-By David Benoit, Dow Jones Newswires; 201-938-2472; david.benoit*dowjones.com
Posted by PCola77 on :
Good catch guys, I played that one a bit as well. Didn't have a chance to write this up last night, but here is yesterday's recap:
Didn't do much trading yesterday. I didn't get to my computer until about 5 minutes after the open, and apparently missed a good pre-market play in XTLB. It got as low as .05 in pre market, and opened at .11 and immediately went as high as like .19. Is was down about 97% from the previous close of $2.20 or so because of news of a failed drug trial. A lot of times those types of drops are huge over reactions, so even though it was already up over 200% from the day's low, I got some at .18. It was a poor decision, given the risk reward, and in hindsight I should have waited, but I had just gotten to the computer, so I wanted to buy first and then research more, in case it went up a lot in the mean time. A lot of times drug companies will lose 80% in a single day on news like this, so if this one had gone from -92% when I bought to -80% on the day, that would be about a 140% gain.
Well, it dropped back down, and I got more at .14 and more at .131, so my average is .158. It dropped as low as .12 later in the day, so I was down about 25% at that point. It then went back to almost .15 before fading to end the day. I decided to hold it overnight, but as of the closing price (.125), I was down about 20% on the trade.
I'm also still holding WCG.
Posted by AJGrano on :
I got into xtlb yesterday before close at .138, lets see how that goes today.
Posted by AJGrano on :
damn, should've got out at .16 earlier this morning, its just tanking now
Posted by stock buyer on :
It should have hit at least 20 cents. It still has a suite close to NYC and equipment worth $6M in total, according to the analyst.
Posted by PCola77 on :
Yeah, I'm still holding too. It traded over .20 in pre-market, so when it opened at like .14 I thought it would get backj close to that area again. Didn't see this coming at all.
Posted by stock buyer on :
I took a look at DOW.. C is down 24 percent. Not something you see everyday!
Posted by ldiaz117 on :
What a day today...ugh!
Posted by AJGrano on :
you still in xtlb? Getting killed here, knew I should've sold at .10 for a small loss, no idea why I'm still in this.
Posted by ldiaz117 on :
I am still in it...I averaged down though. Once it gets to .12-.14, I am out.
Posted by PCola77 on :
Recap for last week: 11/17-11/21
Last week was a pretty rough one for many reasons. First my whole family was sick, so I wasn't trading very much. On top of that, the trades that I did make went pretty poorly as well. The biggest loser was my trade on XTLB, which isn't surprising, given that I violated most of my rules of trading.
First of all, I bought it at like 9:35, when one of my rules is to not buy anything until about 10:00. The first half hour of the day for me is usually reserved for watching things that I held overnight, and getting a feel for how some other stocks are trading. The next rule I violated was I kept averaging down, to the point that I had more money in it than I ever should have. And finally, instead of cutting my losses quickly, I ignored my most important rule, which is to never "hold and hope". If i have a good reason to think that a stock will bounce, that's one thing, but holding just because I HOPE it bounces is a recipe for disaster. If the stock you're holding seems no more likely to go up than any other stock, there's no reason to hold it. I needed to cut my losses and free up my capital for one that I was more certain would go up.
So finally on Friday I sold most of my position for a pretty huge loss. I was pretty disheartened about the whole thing, but I spoke with some guys who have been trading full time for over a decade, and they all said that it still happens to them sometimes, and the key is to not get too upset by it, move on, and never, ever try to make it all back at once. So since it didn't put me in a perilous situation, I just have to forget about it and go back to trading with more discipline.
The next stock that I lost money on was WCG. I finally sold it last week at 7.85 for a sizable loss. This one did not upset me as much, because although it didn't fit into my normal trading style, I had a feeling that it would be a lot higher in a few days, so I decided to hold on. It turns out that I was wrong, but I went with my gut, so I'm okay with it.
One of the mantras that I try to trade by is that if I lose money trusting my gut, it's infinitely easier to live with than losing money going against your gut. Using WCG as an example, my actual trade, and subsequent loss, doesn't bother me, but if I had felt sure that the top was in the high $9 range, but I held on longer to see if it could go even higher and ended up selling for the same loss, I would be much more angry with myself.
On a positive note, I ended up buying a bunch of BGU, which is a triple leveraged ETF that tracks the Russell 1000 (triple leveraged means that if the Russell 1000 goes up 3%, this should go up 9%, and if it goes down 2%, BGU should go down 6%, etc). I bought some at the end of the day Wednesday at 28.50, so my timing was off by a day, but I added more on Friday at $25.00 when the market started to turn. Right now my average is about $27.10 and it is over $28 in pre-market trading, so I am up a bit on that one. Hopefully the market continues its bounce for another day or two.
There were a few other trades that I made, but nothing of note. For the week I lost about 25%, so it was a pretty bad week, but I am still up about 20% in 5 weeks, so I can't feel too terribly about it. Like i said, I have to forget about these bad trades and go back to what I was successful with in the 4 prior weeks.
Posted by PCola77 on :
Sold most of my BGU today for a nice gain. Am holding a losing position in LFG at a .61 average. Closed at .51. Also holding $7.50 March calls on Citi at $.90. Closed at 1.34, but I am holding it for a while, I think.
Posted by PCola77 on :
Sold LFG at about a .58 average for a loss.
Bought TMA at .23ish
Posted by PCola77 on :
Sold this morning's TMA at .30 because I had to leave for a bit and didn't want to hold it while I was gone.
But just a few minutes ago someone alerted me to a huge sell order at .31 that was gettign hit hard, so when it broke through that, I bought back in a little under .32 in case it runs to new highs.
Also, I bought some DWNFQ, which filed bankruptcy, at an average of .042. This is obviously very dangerous, but occassionally they can run a bunch from the lows after they declare bankruptcy.
Posted by PCola77 on :
TMA closed nicely, gettign up to .42 before pulling back to .40 before the close.
DWNFQ closed the opposite way, with bids getting hammered into the close. I have a lot more in TMA than this one though, so I'm still okay.
Posted by PCola77 on :
Sold my TMA at .48 for a 50% gain. Thought it would dip and I could get back in lower, but it kept running to .58. It finally pulled back to .48, but by the time I got my order in, I got back in at like .52 average.
Posted by Brietoe on :
Got in TMA at .49 its down to .45 now Posted by PCola77 on :
Yeah, I guess I was way off on my timing of the bounce. Hopefully it runs into the close again today like it did yesterday.
Good luck to us.
Posted by Brietoe on :
Closed at .48 I'm holding overnight cause I'm gonna take a chance... hopefully it runs like it did on the open this morning... doubtful, but I'm not looking to make huge gains on it.
Posted by PCola77 on :
TMA hit .62 in pre-market already. I'll probably sell at least a chunk of my holdings at the open to lock in some profits.
Posted by PCola77 on :
Sold half at .5999 and holding the rest for a bit. Down to .55 now, so I guess I should have sold it all and bought back in lower.
Oh well, hindsight, I guess...
Posted by Brietoe on :
Ugh... woke up late... missed the big jump, Now I'm trying to sell at .55 but my broker (zecco) wont let the order go thru. I'm quite bothered and I'm thinking of switching dispite their cheap prices. I could have already made up for there price in profit.
Posted by Brietoe on :
Ignore what I said above, I guess I was the only person in the world who didn't know the market closed early. I feel dumb. =[
Posted by BooDog on :
quote:Originally posted by Brietoe: Ignore what I said above, I guess I was the only person in the world who didn't know the market closed early. I feel dumb. =[
lol, better to realize it than sit there staring at it than wondering why it quit trading and thinking they were frozen by the SEC.
I know.... that only happens to me! Posted by PCola77 on :
That's too funny you two!
Posted by Brietoe on :
haha ^^ Morning Cola, Ready for a new day? I'm excited to finally drop my TMA.
Posted by PCola77 on :
Did you sell? I went to sell at the open, but it dropped too quickly, so I am still holding. Added some more at .46. Average is now .51.
Posted by Brietoe on :
No.. I wish. I could have made like 10% and run, but I thought It was going to go up, Oh well. I'm averaged at .49 I want to put a limit order on it, what do you thinks a safe number?
Posted by PCola77 on :
No idea, just try to watch and decide on a number that you'd be comfortable with.
Posted by Brietoe on :
Ouch. .42 and still falling.
Posted by ldiaz117 on :
I am holding as well at an average of .46. This will bounce back later this week. Good luck.
Posted by PCola77 on :
I just got some more. Average now .495
Posted by Brietoe on :
I wish I could average myself down I only have 300 dollars of investing power and it's all tied up. Haha.. I'm still in college so I don't make much money. I've only recently started to invest in stocks, however I've been watching them for awhile now. Learned a whole lot before I risked any money.
Posted by PCola77 on :
I don't thikn .49 is a terrible average (obviously, since I'm in higher than that...) At least you're not in at like .58 or something.
Posted by Brietoe on :
That's true. I would have liked to average down when it was .42 but oh well, What goes down must come up Posted by PCola77 on :
Well, there was a 250,000 share bid at .41 that just got beaten up. I don't feel good about this one anymore... Looks like it may lose .40 here soon.
Posted by PCola77 on :
Sold out at the close for a pretty big loss and loaded up on FAS. It's a triple long ETF tracking financials. FAS lost like 45% today, over 20% in the last 1/2 hour. I'm okay holding this one for a few days.
Looks like TMA was halted after hours and announced delisting and a bunch of dillution. Glad I got out, hope Brietoe did too, but I'm guessing not.
Posted by ldiaz117 on :
What is it that will happen to TMA now then? BK?
Posted by invester on :
P, did you get out of TMA? After hours B/A .30-.33
I almost jumped on it, but will wait for tomorrow.
Posted by invester on :
Just saw this on TMA.
*DJ NYSE Suspends Thornburg Mortgage, Moves To Remove From List >TMA
Posted by PCola77 on :
after hours is .28 x .29 right now. Not sure what will happen tomorrow. not bk, I don't think, but will likely be a lot lower than it was today. I was extremely lucky. I kept adding more on the way down, but just before the close I had a moment of clarity and decided I would be stupid to hold that much overnight. More comfortable holding FAS.
Posted by invester on :
quote:Originally posted by PCola77: Sold out at the close for a pretty big loss and loaded up on FAS. It's a triple long ETF tracking financials. FAS lost like 45% today, over 20% in the last 1/2 hour. I'm okay holding this one for a few days.
Looks like TMA was halted after hours and announced delisting and a bunch of dillution. Glad I got out, hope Brietoe did too, but I'm guessing not.
Oh, ok just saw your post. Glad to hear.
Posted by invester on :
FAS looks REALLY cheap. 52 week low $11 though. Could be a nice run tomorrow as Fins. got taken out back today.
Posted by PCola77 on :
I was writing my previous post when you posted this question, but yeah, I was lucky to get out when I did.
Can't believe how dumb I am sometimes. Decided last week that I would flip all my longs to shorts today, and instead of just doing it Friday, I waited. Then decided we gapped down too far and I would wait for a little pop back to -200 or -100 on the Dow to make the move and it never happened. Got smoked today...
Crap...
quote:Originally posted by invester: P, did you get out of TMA? After hours B/A .30-.33
I almost jumped on it, but will wait for tomorrow.
Posted by PCola77 on :
LOL, I guess we're each reading each other's posts while the other is responding...
Yeah, I felt like kicking myself last week when I thought we would get a pop and watched FAS under $11 and dind't buy until like $22. Was up nicely (that was in my IRA, not my trading account), and gave it all back and a ton more today. Grrr.
Posted by PCola77 on :
Wow, what a wacky last hour or so. Saw it drop as low as .21 x .22, decided to buy some at .27 when it started to move north, sold at .30 and then saw it go as high as .43. Sitting at .35 x .37, so maybe the news isn't that bad afterall. I'll never understand this crap... LOL
Posted by invester on :
quote:Originally posted by PCola77: LOL, I guess we're each reading each other's posts while the other is responding...
Yeah, I felt like kicking myself last week when I thought we would get a pop and watched FAS under $11 and dind't buy until like $22. Was up nicely (that was in my IRA, not my trading account), and gave it all back and a ton more today. Grrr.
I got taken out back with Citi today. First day that I have lost in a while. Feels terrible. The market cap is still to high with all the problems they have. I still like MTW, LVS, and FNM. FNM looks to be setting up nicely if the government follows through with the purchases of assets. We could see $5 on FNM by January. I think TMA is a viable business, but they keep diluting to stay alive. I thought it would have bounced as well, but the delisting is a horrible situation for them. I'm also looking to short MA with any upside move.
Posted by invester on :
Ha, Ha, Cramer’s talking right not about my last post to a tee.
Posted by Brietoe on :
Yeah, I didn't see this coming ^^
I know it sounds dumb, but I only have $300 invested into TMA whats everyone's input on just holding long term? Or should I just cut my losses and move on?
Does anyone think the dilution will stop and this will eventually go up within the next month or so?
Posted by PCola77 on :
Honestly I'd cut my losses in this .35ish range. That way you still have $200 to play with. Then you can buy stocks that have a better chance of going up. TMA may bounce, and in hindsight you could say "I wish I would have held", but it's just gambling at that point, and you can get better odds on your money to just start over and try anotehr stock. That's what I'd do anyway.
Posted by Brietoe on :
yeah. First thing tomorw I'll do that, And I'll try to replenish the hundred dollars so I could play around a little more. Quite depressing loss on my second stock pick ever. haha.
I wont let it bring me down. Posted by PCola77 on :
Yeah, don't fret about losing a hundred bucks. In the long run, that's not even a blip on the radar of your life. Be thankful you lost a third of $300 and not a third of $30,000 or something. In other words, it could always be worse Posted by invester on :
quote:Originally posted by Brietoe: yeah. First thing tomorw I'll do that, And I'll try to replenish the hundred dollars so I could play around a little more. Quite depressing loss on my second stock pick ever. haha.
I wont let it bring me down.
I remember when I was a rookie. I made mistake after mistake. The old cliché, you never know unless you try. In this aspect, it’s so true. This is not an easy game but you will catch on.
Posted by PCola77 on :
Geez, TMA now even for the day at .38. I'll never understand why stocks move the way they do on news. I gotta stick to trading them without knowing the name of the company or what they do. I do a lot better than way.
Posted by invester on :
quote:Originally posted by PCola77: Geez, TMA now even for the day at .38. I'll never understand why stocks move the way they do on news. I gotta stick to trading them without knowing the name of the company or what they do. I do a lot better than way.
That's crazy. This should be in the .10 range.
Posted by Brietoe on :
I don't know why I didn't wake up, I guess I never heard my alarm haha. Anyways, woke up today, sold. Lost about 115. And now I have to wait for my money to settle, and while that's happening I'll to to get another 100 dollars in there. How long does it take to settle?
I don't think I'm going to touch TMA just cause I already lost from it.
Posted by PCola77 on :
It will probably take 3 days for the money to transfer too, so enjoy the rest of your week, stress free Posted by Brietoe on :
Hah, yay! When I get back, I'm going to try to pursue my goal of reaching 500 before the end of December. I'll still be watching of course, I'll just be quiet Posted by Ace of Spades on :
quote:Originally posted by Brietoe: Hah, yay! When I get back, I'm going to try to pursue my goal of reaching 500 before the end of December. I'll still be watching of course, I'll just be quiet
WoW good luck!!
If I had $500,000 I'd quit my job!
Posted by Brietoe on :
me too I want "Five Hundred" haha, I'm only 19.
Posted by PCola77 on :
Sold my FAS at 22.20 from 17.50ish for a huge gain. Have a feeling that the market is going to close way up today, but I will be in and out of my office today, so I wanted to lock in my profits.
Posted by moremula on :
wx is falling, down 20% at 4.35. may be worth watching
Posted by PCola77 on :
moremula, I was busy this afternoon, so I didn't get a chance to respond sooner. Looks like your timing was pretty good if you got in at 4.35.
It wasn't a big enough spike down to pique my interest though. I typically like ot play ones that are down 30-40%, and have a huge spike down in a short amount of time. Like for example, HSNI today. It was down about 25%, and then suddenly dropped almost 20% more, from 2.20 to 1.81. Then it bounced back close to 2.20.
I did trade that, but got in too late and sold too late, so I got it at 1.95 and sold at $2 at the end of the day.
Posted by moremula on :
Pcola On Wx i was just watching it, i didnt get in. It was at 4.35 when i posted but went down to 4.10. I as off work today and was paper trading with play money when i saw this.I'm still in the study mode Thanks for the tip
Posted by PCola77 on :
Cool, good luck. And keep posting your thoughts, I'm always looking for other ideas/stocks to check out.
Posted by 10of13 on :
moremula I saw you post about WX...this am I was able to grab it for 4.03 and sold at 5.23...to more than cover my cost..there is probaly still more to gain...and I am now riding free shares... Good call...
Posted by BooDog on :
quote:Originally posted by 10of13: moremula I saw you post about WX...this am I was able to grab it for 4.03 and sold at 5.23...to more than cover my cost..there is probaly still more to gain...and I am now riding free shares... Good call...
nice!
Nice to see you 10
riding PMI myself last few days. Watching RHD to reset for another go and a few others. Cheers!
Posted by PCola77 on :
Wow nice play! I didn't even watch it today.
quote:Originally posted by 10of13: moremula I saw you post about WX...this am I was able to grab it for 4.03 and sold at 5.23...to more than cover my cost..there is probaly still more to gain...and I am now riding free shares... Good call...
Posted by PCola77 on :
I've been trading FAS again today. When I get a strong feeling on general market direction, I go into FAS pretty heavily. So far it's gone well for me, but it moves fast. I just went to talk to my wife for like 2 minutes and it dropped from almost $26 to under $24.50 while I was gone. Thta sucked...
Posted by BooDog on :
ABD has been makin a come back too.
Posted by BooDog on :
Hey Boo...Thanks..., Hope everyone and their families are doing well...I read often...just don't post much... Love the thread PC...some great calls by everyone... Happy Holidays...and Good luck to all!
Posted by Brietoe on :
Hey! My money settled faster than I thought it would, and so since I lost most of my initial investment, I decided to be stupid and throw some money into penny stocks for a quick flip. So I just ended up walking away with a 33% gain, which puts me close to back where I started. I also just got my paycheck today and put $150 more into my account. So.. Starting next week, I'm back in Posted by T e x on :
quote:Originally posted by Brietoe: Hey! My money settled faster than I thought it would, and so since I lost most of my initial investment, I decided to be stupid and throw some money into penny stocks for a quick flip. So I just ended up walking away with a 33% gain, which puts me close to back where I started. I also just got my paycheck today and put $150 more into my account. So.. Starting next week, I'm back in
congrats!
Don't get giddy, though...
Heads up: remember, cash is a position, too.
Posted by Ace of Spades on :
quote:Originally posted by Brietoe: Hey! My money settled faster than I thought it would, and so since I lost most of my initial investment, I decided to be stupid and throw some money into penny stocks for a quick flip. So I just ended up walking away with a 33% gain, which puts me close to back where I started. I also just got my paycheck today and put $150 more into my account. So.. Starting next week, I'm back in
Hey bro!.....My advice would be to stay away from penny stocks and focus on Big Board stocks. Right now you are in a once and a life time situation. We are in a tough finacial crisis and the market will probably make a bottom with in the next year..mabey even soon! You will have tons of opportunities to make several hundred percent gain trades, and with less stress and hassle with trading penny stocks. Hell with the new 3x ETF's....you can just switch back and forth with those, if you like taking risks like penny stocks.
There should be some type of rally when obama gets elected and starts with his economic plans...plus hedge funds and mutual funds will start to finish up all their selling!
Posted by Brietoe on :
Sorry to sound dumb, but whats "3x ETF"
Also.. whats "hedge funds"
I only flipped pennies so I could make my money back haha..
Posted by PCola77 on :
Brietoe, search investopedia,com for your questions. They could be a good resource for you as a new trader.
Posted by PCola77 on :
Oh, as for my trading, I am probably loading up on FAZ and/or BGZ today. I thikn we get to 8900-9000 and then pull back to the low 8000s in the next few days.
Posted by Brietoe on :
okay sorry Posted by PCola77 on :
No need to be sorry, just giving you a heads up on a place to check first. They'll give more detail than most of us would.
Posted by 10of13 on :
quote:Originally posted by Brietoe: Sorry to sound dumb, but whats "3x ETF"
don't feel dumb Brietoe...I have no clue what they are either... Just took a quick glance and they do look interesting... I've been "playing" with GLW, C, and FNM over the past couple of weeks and with not too much risk have done fairly well...pick a few stocks and keep watching...pinks and pennies right now aren't doing as well as the big board stocks...and the big board stocks WILL come back...with the pinks and the pennies...ya never know...keep trying to learn...we all do...with each trade...good luck... Posted by 10of13 on :
oh wow, those look really interesting, and their new too. If I get in, I'll wait it out a bit.. See if it bottoms out more. Thanks for the new piece of info Posted by Ace of Spades on :
quote:Originally posted by Brietoe: oh wow, those look really interesting, and their new too. If I get in, I'll wait it out a bit.. See if it bottoms out more. Thanks for the new piece of info
An ETF means Exhcange traded fund. It's similar to mutal funds cause it's diversitfied, and it's like a stock cause you can daytrade or sell it when ever you want just like a stock.
For example, if you want to play oil when it starts to go up again, you can buy an oil ETF. This saves the trouble of going through every oil companies stock, or buying the oil futures.
Also they always come in pair...a bullish one and a bearish one. Like a bullish OIL ETF, and a Bearish oil ETF. So you can buy the bullish on the way up, then sell it and buy the bearish on the way down.
This way you never stop making money.
There has always been ETF's that track the major indices and sectors, than a couple years ago they came out with 2x ETF's which mean 2x leverage. So it would move twice as high with the Bullish ETF, or twice as low with the bearish ETF. Now just recently they came out with 3x ETF'S which means you can make even better gains.
quote:Originally posted by PCola77: Oh, as for my trading, I am probably loading up on FAZ and/or BGZ today. I thikn we get to 8900-9000 and then pull back to the low 8000s in the next few days.
I think we hit at least 9500 before a retrace.
Posted by PCola77 on :
I don't think we get that high. I'm loaded up pretty big in my trading account and IRA with FAZ at 38.15 average. You may be right, and like I said, I may be early, but I definitely think we're back a lot lower in a week or two, and I'm fine holding that long if necessary.
quote:Originally posted by invester:
quote:Originally posted by PCola77: Oh, as for my trading, I am probably loading up on FAZ and/or BGZ today. I thikn we get to 8900-9000 and then pull back to the low 8000s in the next few days.
I think we hit at least 9500 before a retrace.
[ December 08, 2008, 14:11: Message edited by: Bob Frey ]
Posted by PCola77 on :
By the way, you've neglected to mention that you could LOSE money 3 times as quickly, not just MAKE it
quote:Originally posted by Ace of Spades:
quote:Originally posted by Brietoe: oh wow, those look really interesting, and their new too. If I get in, I'll wait it out a bit.. See if it bottoms out more. Thanks for the new piece of info
An ETF means Exhcange traded fund. It's similar to mutal funds cause it's diversitfied, and it's like a stock cause you can daytrade or sell it when ever you want just like a stock.
For example, if you want to play oil when it starts to go up again, you can buy an oil ETF. This saves the trouble of going through every oil companies stock, or buying the oil futures.
Also they always come in pair...a bullish one and a bearish one. Like a bullish OIL ETF, and a Bearish oil ETF. So you can buy the bullish on the way up, then sell it and buy the bearish on the way down.
This way you never stop making money.
There has always been ETF's that track the major indices and sectors, than a couple years ago they came out with 2x ETF's which mean 2x leverage. So it would move twice as high with the Bullish ETF, or twice as low with the bearish ETF. Now just recently they came out with 3x ETF'S which means you can make even better gains.
quote:Originally posted by PCola77: I don't think we get that high. I'm loaded up pretty big in my trading account and IRA with FAS at 38.15 average.
FAZ, I believe.
Posted by PCola77 on :
Yes, sorry about that. FAZ is what I am in big. FAS is the bullish ETF that I made a bunch on last week Posted by Ace of Spades on :
quote:Originally posted by PCola77: By the way, you've neglected to mention that you could LOSE money 3 times as quickly, not just MAKE it
Mabey you missed this part...
"So it would move twice as high with the Bullish ETF, or twice as low with the bearish ETF ."
It's okay I understand...you just probably read it to quickly.....cause you're busy trading! Posted by PCola77 on :
This is what I was referring to. I was just playing devil's advocate, because the quote you highlighted was fairly buried, while the ones below don't seem to mention any risk
This way you never stop making money.
There has always been ETF's that track the major indices and sectors, than a couple years ago they came out with 2x ETF's which mean 2x leverage. So it would move twice as high with the Bullish ETF, or twice as low with the bearish ETF. Now just recently they came out with 3x ETF'S which means you can make even better gains. Posted by Ace of Spades on :
I think you're missing the forest for the tress!!!!
The whole point is you were wrong, and to make it worse you're acting like you didn't miss where I said it goes down twice as much!
You missed where I said it goes down the same amount.
that's it!
You eyes only allowed you to see where I said "you never stop makin money"... which only meant when the market changes you buy the other ETF
And Your eyes allowed you to see where I said you can make even better gains.
What you eyes failed to see is where I clealy said....
"So it would move twice as high with the Bullish ETF, or twice as low with the bearish ETF ."
You can't get more clear than that....but if it were possible...the 7 links I posted would have cleared it up
And here's the funniest thing...you said my statement was kinda burried???? It was right next to the one you highlighted
No hard feelings though......I respond before I read the whole thing sometimes, too!!! We all make mistakes.
Posted by PCola77 on :
Okay dude. You're right and I'm wrong.
quote:Originally posted by Ace of Spades: I think you're missing the forest for the tress!!!!
The whole point is you were wrong, and to make it worse you're acting like you didn't miss where I said it goes down twice as much!
You missed where I said it goes down the same amount.
that's it!
You eyes only allowed you to see where I said "you never stop makin money"... which only meant when the market changes you buy the other ETF
And Your eyes allowed you to see where I said you can make even better gains.
What you eyes failed to see is where I clealy said....
"So it would move twice as high with the Bullish ETF, or twice as low with the bearish ETF ."
You can't get more clear than that....but if it were possible...the 7 links I posted would have cleared it up
And here's the funniest thing...you said my statement was kinda burried???? It was right next to the one you highlighted
No hard feelings though......I respond before I read the whole thing sometimes, too!!! We all make mistakes.
Posted by PCola77 on :
Added more FAZ at $36.
Posted by invester on :
quote:Originally posted by PCola77: Added more FAZ at $36.
You’re going short Financials at this level? “Bought more FAZ” What financials do you think are in jeopardy?
Posted by PCola77 on :
I think there is going to be a pretty substantial market pullback in the next few days. FAS, the 3x bull, is up about 200% from it's lows, and I'm betting some of it gets given back soon.
Posted by invester on :
I'm just of the thought that the banking crisis itself is in the 8th inning. I'm playing infrastructure now. Obama has spelled it out for the American investor. I think China, India and Europe will follow suite.
Posted by PCola77 on :
Well, as tey said on CNBC today, many infrastructure plays are up 70-100% in the last 3 weeks, so people have already bid the infrastructure plays way up. Could they go up more? Sure, but you also missed a pretty big chunk of any rally if you're just getting in them, now. I don't think risk/reward level is very appealing at this point.
As for financials, maybe they keep going up, but with how much they've bounced of the bottom, I can't fathom a case where they never pull back, and just keep going straight up. I'm not saying I'm holding this short for weeks/months, I just think I can make some pretty good money in the next few days on the pullback that I think we will get.
And then after that I'm going back to the triple longs in my IRA, because I do think we'll be at/near a bottom if we test 8000 again.
Posted by invester on :
quote:Originally posted by PCola77: Well, as tey said on CNBC today, many infrastructure plays are up 70-100% in the last 3 weeks, so people have already bid the infrastructure plays way up. Could they go up more? Sure, but you also missed a pretty big chunk of any rally if you're just getting in them, now. I don't think risk/reward level is very appealing at this point.
As for financials, maybe they keep going up, but with how much they've bounced of the bottom, I can't fathom a case where they never pull back, and just keep going straight up. I'm not saying I'm holding this short for weeks/months, I just think I can make some pretty good money in the next few days on the pullback that I think we will get.
And then after that I'm going back to the triple longs in my IRA, because I do think we'll be at/near a bottom if we test 8000 again.
But there down 70%-80%. Foster Wheeler? Manitowoc? These are companies selling at a P/E of 3 or lower, growing at over 25% even before the stimulus. Obama has a 700 billion dollar check to write.
Posted by PCola77 on :
Well good luck, they're just not for my trading style. I need to find things that I think have a good chance of going up within a couple of days or less. There are tons of things that I think will be monsters over the next few months/years, but I can't afford to wait on some of those.
Or am I misunderstanding and you're saying you think the ones you mentioned are primed to run soon?
Posted by invester on :
quote:Originally posted by PCola77: Well good luck, they're just not for my trading style. I need to find things that I think have a good chance of going up within a couple of days or less. There are tons of things that I think will be monsters over the next few months/years, but I can't afford to wait on some of those.
Or am I misunderstanding and you're saying you think the ones you mentioned are primed to run soon?
Well, I think the catalyst is in. Whether it runs before Jan.20th is the exception. I know that the ENTIRE world now knows his plan, so one would think that the early bird catches the worm. There is more money sitting on the sidelines than ever before, so I'm confident with my picks. I'm up several hundred % in that strategy alone. Enough to buy a nice Buick or Oldsmobile. LoL!!!!!
Posted by invester on :
Where you been today P?
Posted by PCola77 on :
had a dr appointment in the morning and then went to my old office to visit. Ended up staying there until after the market closed. Still holding my FAZ, and played a bounce on GNTA yesterday from the dr office, but basically didn't trade yesterday. You play anything good?
Posted by PCola77 on :
Sold half of my FAZ at 41.50 from 38.50. Holding the other half for now.
Posted by 10of13 on :
Sold all with average of 37.17 sold at 41.35 If it comes back down, I might try again...
quote:Originally posted by PCola77: Sold half of my FAZ at 41.50 from 38.50. Holding the other half for now.
Posted by PCola77 on :
Nice job! I don't think I'll get back in after I sell the rest, at least for a while. Unless the Dow jumps to 9500+ in the next couple of days. Then I'd load on either FAZ or BGZ I think.
Posted by PCola77 on :
Just loaded BGZ at 63.25. I have a feeling that the DOW goes red soon and closes down a good bit. Just a gut feeling though, so definitely could be way wrong.
Posted by 10of13 on :
Just checking in..sold FAZ just a tad too early...43.47 would have been sweet!
Posted by PCola77 on :
Well, the Dow went red and BGZ went into the 65s, but I held through it. The Dow rebounded and is now up 60+, and BGZ is under $63, so I'm down a bit on my buy, but I think I'll hold overnight.
quote:Originally posted by PCola77: Just loaded BGZ at 63.25. I have a feeling that the DOW goes red soon and closes down a good bit. Just a gut feeling though, so definitely could be way wrong.
Posted by PCola77 on :
FAZ now at $46... Sold my second half in my trading account back at 43.50 . Still holding a big chunk in my IRA from $38.00
BBGZ flirting with $65 now.
Posted by EverGreen on :
still playing FAZ ???
u think a downtrend in financial just began or just a dip?
quote:Originally posted by PCola77: Sold half of my FAZ at 41.50 from 38.50. Holding the other half for now.
Posted by PCola77 on :
I have a LOT of FAZ in my IRA from $38. It was more a play thinking that the market would pull back from the 8900-9000 range back to the low 8000s (because the financials seem to have trended mostly with the markets, but more violently) but as of a few hours ago, FAZ was up big from when I bought, while the DOW was still at like 8800.
I may move that money into BGZ, because overall the market hasn't had the hard pullback yet that I was thinking it would. But if FAZ keeps moving like this i may just have to hold it.
Posted by PCola77 on :
Out half of my FAZ shares from my IRA at $49 (and already it's at $49.80, yikes, what a runner!).
Posted by PCola77 on :
Sold my BGZ at 67.58 just before the close. Probably should have just held it into tomorrow, as I still think we approach 8000 again on the Dow in the next few days, but I wanted to free up that cash for tomorrow. I may buy it back tomorrow, but I'm happy to take a nice profit on it for now.
Posted by EverGreen on :
Russell 2000 move larger %% up/down than dow
UWM TWM are great etf also with TNA TZA and BGU BGZ
Posted by PCola77 on :
Geez, almost hit $71 after hours. Guess I should have held...
Posted by invester on :
Ya, Dow futures down 185
Posted by PCola77 on :
What happened to 9500 investor? I thought you were always right
Funny how this was exactly what I thought would happen, and was waiting for all week, and then ended up selling out of FAZ for not even a 15% gain in my trading account, and BGZ for like 7%...
I'll have to try to feel good about the fact that I held my FAZ from $38 in my IRA, having sold only half so far, that being at $49.00 I think. I had a lot more shares in my IRA than my trading account, but I'm 35 years away from touching that money...
Posted by invester on :
quote:Originally posted by PCola77: What happened to 9500 investor? I thought you were always right
Funny how this was exactly what I thought would happen, and was waiting for all week, and then ended up selling out of FAZ for not even a 15% gain in my trading account, and BGZ for like 7%...
I'll have to try to feel good about the fact that I held my FAZ from $38 in my IRA, having sold only half so far, that being at $49.00 I think. I had a lot more shares in my IRA than my trading account, but I'm 35 years away from touching that money...
About individual stocks, ya. Up more than you can believe on MTW, DRYSW, MN,X,FWLT. But BRAVO P on your one good trade. It seems its been a while since you’ve had one. You deserve it.
Posted by invester on :
Also, what happened to form 4? It seems just the stock that has been beaten up the most for the day. Kind of like a bottom feeder.
Posted by PCola77 on :
Dude I was just busting your chops, didn't realize you were so sensitive when you were proven wrong...
I got a new computer recently, and haven't taken the time to get the form 4 program working properly on the new one, so I haven't run it lately. You're correct that this thread is mostly bottom bouncers, as that's been most of what I've been trading recently.
Posted by T e x on :
Hi,fellas...
Got any good plays for me? I been busy in real estate, as you might imagine...
Posted by PCola77 on :
FAZ or BGU, once the Dow hits a bottom. They are triple levered (FAS indexed to financials and BGU to Russell 1000 I think). I've played the inverses of those (FAZ and BGZ) this week, anticipating this recent pullback. I'm looking for FAS in the $15-$17 range, bu may start to get in small earlier than that.
How are you holding up? Stuff all ironed out with the insurance companies?
Posted by T e x on :
quote:Originally posted by PCola77: FAZ or BGU, once the Dow hits a bottom. They are triple levered (FAS indexed to financials and BGU to Russell 1000 I think). I've played the inverses of those (FAZ and BGZ) this week, anticipating this recent pullback. I'm looking for FAS in the $15-$17 range, bu may start to get in small earlier than that.
How are you holding up? Stuff all ironed out with the insurance companies?
Thanks for the hedzup.
I'm personally holding up well, save a a coupla complications not worthy to mention. Insurance folks are treating me square--the crooks remain the so-called mortgage companies. We may as well call them pirates.
am serious, to da bone
Posted by invester on :
quote:Originally posted by PCola77: Dude I was just busting your chops, didn't realize you were so sensitive when you were proven wrong...
I got a new computer recently, and haven't taken the time to get the form 4 program working properly on the new one, so I haven't run it lately. You're correct that this thread is mostly bottom bouncers, as that's been most of what I've been trading recently.
I kid Posted by PCola77 on :
Okay, good to hear.
Anyway, sold the rest of my FAZ in my IRA at $56.00 from $38.00.
Posted by invester on :
quote:Originally posted by T e x: Hi,fellas...
Got any good plays for me? I been busy in real estate, as you might imagine...
Take a look at the BDI over the last week as, its rallied way off the bottom.
I see this trend continuing over the next 6 months. Also, with Obamas stimulus plan I would go with X, MTW, FWLT, YRCW, TEX, and CX
Posted by PCola77 on :
In FAS in my IRA at 20.50
Posted by CHGinc on :
FEED
agFeed Industries. Hit radars yesterday....
Good one to buy in the dips.
Im in at 2.35
Posted by PCola77 on :
In BGU in my IRA at 32.15
Posted by Ace of Spades on :
quote:Originally posted by PCola77: FAZ or BGU, once the Dow hits a bottom. They are triple levered (FAS indexed to financials and BGU to Russell 1000 I think). I've played the inverses of those (FAZ and BGZ) this week, anticipating this recent pullback. I'm looking for FAS in the $15-$17 range, bu may start to get in small earlier than that.
How are you holding up? Stuff all ironed out with the insurance companies?
you keep mixing up FAS with FAZ...sometimes even in the same post..LoL
I do it, too. I know you know the difference betweent he two, just miss type it.
at first you said FAZ or BGU but then in the parenthesis you had it correct FAS and BGU so It's obvious you know the difference between them, but you keep miss typeing them
P.S. Im loving these 3x ETF's....How about you???
Posted by PCola77 on :
They havbe been my saving grace the last two weeks. Doing great on them. And I'm totally comfortable trading huge dolar volumes on them in my IRA and knowing they're not going to announce bankruptcy ovbernight
The FAS/FAZ problem is that I always think of symbols as words, and pronounce them as such in my head when I'm typing. I read them both as fazz. I gotta traing myself to call them fazz and fass...
From now on, I'll just say "I got the triple leveregd LONG or SHORT" Posted by PCola77 on :
Oh, also got 30k shares of FRE at .655 in my IRA. Just a hunch, nothing more. Not my normal type of play, but I don't want to see it back at like $1.50 in a month and pissed at myself for not loading down here.
Posted by moremula on :
On FRE AND FNM
I'm thing about adding to my IRA also, but am waiting and planning to get if it covers the gap ups on 11/24. currently parobolic sars on upper side, so on the next spike down below the 11/24 gap im hoping may be good entry point. I'm favororing FNM more so than FRE, but for the mosr part they run parallel to one another
quote:Originally posted by moremula: On FRE AND FNM
I'm thing about adding to my IRA also, but am waiting and planning to get if it covers the gap ups on 11/24. currently parobolic sars on upper side, so on the next spike down below the 11/24 gap im hoping may be good entry point. I'm favororing FNM more so than FRE, but for the mosr part they run parallel to one another
FNM way over FRE. There going to have all the bad assets purchased by the government shortly. That spells possible M&A with FRE and major profits. FNM in the long run is sn ultimate winner. The only thing I dislike short term is that they declared that they want and will do everything to stay on the NYSE. Well, at these levels that mean R/S. Argggg. We shall see.
Posted by Rotty84 on :
New to this site and kinda new to the whole stock market. I got into FAS at 22.98 last Thursday. By watching it for a couple weeks I thought it would be a good deal. Any advice for someone new to the stock market
Posted by PCola77 on :
What are you trading and what are you trying to accomplish? Trading a few extra bucks just for fun? Trading an IRA for retirement? Trading to try to get rich? trading to try to grow capital slowly over time? Trading penny stocks, big board stocks, etfs?
Posted by Rotty84 on :
Trading a few extra bucks for fun, while I get a better knowledge of what I am doing. I am in ETF's right now FAZ at 37.00 missed my sell at 56.00 last week and in FAS. Trying to stay away from penny stocks
Posted by PCola77 on :
Wait, are you saying you own both FAS and FAZ now? Posted by Ace of Spades on :
quote:Originally posted by Rotty84: New to this site and kinda new to the whole stock market. I got into FAS at 22.98 last Thursday. By watching it for a couple weeks I thought it would be a good deal. Any advice for someone new to the stock market
Well on the economic calander we will probably have some pretty nasty number come out next week, plus I think the FEDERAL RESERVE is haveing their meeting too!!!
I'm cash untill I know for sure how the market will react!!! Plus the big 50 billion dollar fraud case just was released, and more details will come, auto bailout is still unkown status, and hedge funds have billions left to sell off! The hedge funds might uses what ever bad news is released next week as an excuse to unload biggly!!!
Posted by Rotty84 on :
Yes I have money in FAS at 22.98 and FAZ at 37.00 I thought about it as I was typing to make sure I was right about the symbols
Posted by PCola77 on :
What is your logic for having both, as they are meant to be inverses of each other. So instead of buying FAS, why didn't you just sell FAZ to free up your money instead of locking up twice as much? Maybe I'm missing something...
Posted by Ace of Spades on :
quote:Originally posted by PCola77: What is your logic for having both, as they are meant to be inverses of each other. So instead of buying FAS, why didn't you just sell FAZ to free up your money instead of locking up twice as much? Maybe I'm missing something...
acutally it's a common stategey....also for daytrading. You have a long and short possition and as on goes up and the other declines, you add to the increasing one and scale out of the decreasing one.
This works well if you're day trading one say an interest rat cut anouncement is about to be releaseed and a big move will happen to fast. You can be in both possitions and add to one and scale out of the other!
Although I have a feeling this newbie might not be using this logic and may be a bit confused:D
Posted by hedfe on :
ace of spades do you still use prodigy trading? I saw your posts about it last year and had an account with them up until about April but closed it because I was away from the computer this past summer. Then I called them and they said that they currently aren't opening any new accounts as of now. Is that true?
Posted by Ace of Spades on :
quote:Originally posted by hedfe: ace of spades do you still use prodigy trading? I saw your posts about it last year and had an account with them up until about April but closed it because I was away from the computer this past summer. Then I called them and they said that they currently aren't opening any new accounts as of now. Is that true?
No...early this year I had issues with their software, and prodigy kept telling me their tech team would call me...they never did. At the same time I started my first steroid cycle for body building (wich was awesome). Also The market started to go down alot and become unpredictable. So I decided to take a breather from active trading. I think I saved myself from some pretty big mistakes, plus I got ripped for spring break at clear water beach(I live in Tampa area). I mainly just played solar stocks when they were over sold a few times. I love CSUN, SOLF, CSIQ, ect.
I switched from Prodigy to a broker lionmaster recommend. Lionmaster is the Main man at thelion.com
He said this broker lets you short the most stocks. Even the real cheap ones. It's also penny stock friendly...at least more than many others.
You can make your own decision....I'm a firm believer in telling other posters the truth, and let them make up their own minds. Even if it's advice a newbie can get burned with...like shorting penny stocks, or daytrading with a small amount. Cause the best way to learn to swim..is to be thrown in the deep end. They will either drown or learn to swim.
Posted by Ace of Spades on :
DXO (double long oil) looks like a screaming buy now!!
I say it could double or tripple soon. It closed around $3.07...I'm gonna start accumilating shares tommorow! Oil hasn't sold off this hard in forever. Look at the weekly and montly charts going back to 1980!
DXO was $30 in July when oil hit the record. Even if oil got to half of what it was theoreticly it could get up to $15, which would be a 5 bagger!!!!
Posted by EverGreen on :
agree BUT the consensus is that oil go 1st to 30 and then bounce - recession is stronger than opec(even if opec cut production)
quote:Originally posted by Ace of Spades: DXO (double long oil) looks like a screaming buy now!!
I say it could double or tripple soon. It closed around $3.07...I'm gonna start accumilating shares tommorow! Oil hasn't sold off this hard in forever. Look at the weekly and montly charts going back to 1980!
DXO was $30 in July when oil hit the record. Even if oil got to half of what it was theoreticly it could get up to $15, which would be a 5 bagger!!!!
Posted by Stockstar69 on :
DPDW...buy at .15 and sell at .20. At least for the next few days.
Posted by R1 Man on :
quote:Originally posted by Ace of Spades: DXO (double long oil) looks like a screaming buy now!!
I say it could double or tripple soon. It closed around $3.07...I'm gonna start accumilating shares tommorow! Oil hasn't sold off this hard in forever. Look at the weekly and montly charts going back to 1980!
DXO was $30 in July when oil hit the record. Even if oil got to half of what it was theoreticly it could get up to $15, which would be a 5 bagger!!!!
Good find. I can somewhat agree. But it was started around July.
Posted by Peaser on :
quote:Originally posted by Peaser: I was wrong. I was filled at 3.99
They were downgraded by one analyst today.
Looks like a nice swinger here, they just need a partner and it could take off.
Almost a double so far for swingers, with more to come IMO.
Posted by PCola77 on :
Geez, has it been that long since I last posted on this thread?
I played DXO in my IRA. Originally bought at 2.67, then more at 2.31, then more at 1.83 for a 2.30 average and sold it the other day at 3.06. Had like 50% of my IRA in it, so it was a nice chunk of change.
I've been mostly playing market moves (DXO, FAS, FAZ, etc) and riskier plays, so I wasn't posting them here. I'm going to try to get back to more "normal" trading, and post here more frequently again.
Hope everyone is doing well!
Posted by invester on :
quote:Originally posted by PCola77: Geez, has it been that long since I last posted on this thread?
I played DXO in my IRA. Originally bought at 2.67, then more at 2.31, then more at 1.83 for a 2.30 average and sold it the other day at 3.06. Had like 50% of my IRA in it, so it was a nice chunk of change.
I've been mostly playing market moves (DXO, FAS, FAZ, etc) and riskier plays, so I wasn't posting them here. I'm going to try to get back to more "normal" trading, and post here more frequently again.
Hope everyone is doing well!
LoL, been a while P.
Posted by Ace of Spades on :
quote:Originally posted by PCola77: Geez, has it been that long since I last posted on this thread?
I played DXO in my IRA. Originally bought at 2.67, then more at 2.31, then more at 1.83 for a 2.30 average and sold it the other day at 3.06. Had like 50% of my IRA in it, so it was a nice chunk of change.
I've been mostly playing market moves (DXO, FAS, FAZ, etc) and riskier plays, so I wasn't posting them here. I'm going to try to get back to more "normal" trading, and post here more frequently again.
Hope everyone is doing well!
Nice Trade! Averaging in is such a good strategy! I wish I did that when I first started trading! I Averaged in as well around 2.12-2.15. I got lucky and trusted my gut and waited an extra day to start buying shares for the first portion of my buy. Honestly...I think I'm just doing ETF's for now on...If your good at Technical analysis, have good instincts, and have patience...ETF's is all you need especillay since the 3x ETF's and DXO came out!
Posted by PCola77 on :
Got some BGU today at 35.75. I think the DOW is basically trading in a range for now, from 8500-9000. So I got some BGU (which is a triple levereged ETF that tracks I think the Russel 1000, a close enough a proxy to the market in general). I will add more if the market continues to drop. This is not a daytrade, but one I will hold for a few days (unless the market goes crazy upward today for some reason, then I may sell today, but that's not likely, I don't think.)
Posted by PCola77 on :
RMBS apparently had news that they couldn't collect money on a patent that they thoguth they could (or something like that. I know you guys love my hard hitting research). Dropped hard from over $18 to 10.25. It had a recent low of under $6 in December, so I was worried it could drop a lot further. So instead of buying the common stock, I got $12 call options for February at $1.70.
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