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I shorted 1k shares of YRCW at the close..5.83..that P.O.S. really has me twisted these days...to think...I actually had 8K shares long only 1.5 months ago, crap, oh well.. I remain short bias with long inverse positions in TZA FAZ...and short DRN..I did trade in and out of DRN twice today and actually lost bucks (on those trades) because of my nervous finger..but in the end I caught the bulk of the reversal and actually closed in the green for once in a long while..yeepie ..With the major reversal of the market toward the close, I expect the trend and momentum to carry over tommorrow (is that just thinking to practical and logical??) I keep telling myself.."they" arejus trying to mess with my head and I should go with the "constanza trade"..most likely wishful thinking..but that is the way im playing it...down from here..just think maybe..we actually get 2 down days in a row..hmmm
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Morpeus, when are you planning to exit FAZ? I was in a $20.00 so $21.00 would be a 5% gain, but with this market wanting to just go up for no reason I get worried about the bulls right now.
-------------------- wide open until you see god, then brake!
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I am gonna let it ride. I think the investor confidence is pretty high right now so it will take a LOT of bad news to bring this mothership down right now. I think I can squeeze $22.50 out of her though. Might see $22 EOD even.
-------------------- wide open until you see god, then brake!
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What does Jim Cramer, on Mad Money, say about this high market?? Does he feel that it has to come down, or should come down??? I don't watch him regularly.
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Yeah I'm still here. Looks like you hit that $22 on FAZ. I really wish this trend would continue. I'm still in DUG, wondering if it's going to keep going up or not. wondering wondering thinking thinking.........
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Well, that's what it seems like to me, that the market IS heading down, for a little anyway. After all, it just can't be up EVERY DAMN DAY! See you tomorow, good luck!
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In the grand scheme of things...do not rely on what I do or say to base your trading on..I put out my entry points on the picks I have..go on that info. when to get out is purely up to you.. as for me...LET IT RIDE BABY...200 DRN short...and 1000 DRV long (cause there were no more shares available to short on DRV) long 1000 FAZ, long 2000 TZA...I know these are being redundant, but I accuired them various time at their lows of that day..and short 100 RIMM that i bought on a spec play at the EOD.. and oh yeah..I did buy 20k SIRI at 6405 (on what i know now as the way down) and another 20K at 62..this puts my holding at 220k and im looking to tap into more if it goes below 60...I remaind short bias for now...this market is going to take after a great movie classic.."run silent, run deep" DIVE DIVE ...thats the way im playing it
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I will ultimately trade it the way I choose, but two heads is better than one and your head is better at this game than mine. I held overnight and I am glad I did. Market is gonna open lower and FAZ premarket is up 3.5%. Now, hold over the weekend I'm not sure about? Everybody think this market will continue to bleed down next week as well?
-------------------- wide open until you see god, then brake!
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for a swing trade....try to get a good entry at the pivot point of a move...short or long..then close stop at first of 3% loss and if it hits it..rethink the entry and have another go at it down the road cause there are always new opportunities coming around the corner...once you are in the money..let it ride with a 12% stop loss..or no loss...that is always a good play
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TJ...you kidding right? there is tons of action early on...i been in and out of DRN 4 times today making buck each time..im currently just now SNDA 51.80...also long DRN...this is a trickyso be careful and small position size..10 shares at a time for a small portfolio size but it moves fast so be ready..im alos now buying GS at 178.80 right now
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What is FAZ? I see before the big crash it was a 2000.00 stock. Scottrade doesn't really specify what is is.I know, I'm clueless. Thinking about buying in, but not sure what the deal is.
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