Friday, May 28, 2010
5/29/10 A Day In The Life
I read the news today oh boy
About a lucky man who went all-in on a fade
And though the news was rather sad
Well I just had to laugh
I saw the photograph
He blew his mind out in a car
He didn't notice that the trend had changed
A crowd of people stood and stared
They'd read his posts before
Nobody was really sure
If he was from the same financial blog
I watched the tape today, oh boy. Not a single trade. No take on next week.
Subscribe to:
Post Comments (Atom)
Woke up, fell out of bed,
ReplyDeleteDragged a comb across my head
Found my way downstairs and threw back three shots,
And looking up I noticed I was late
Found my coat and grabbed my hat
Made the bus in seconds flat
Found my way to sharkie's and had a smoke,
Somebody spoke and I went into a dream
2nd- To funny Man! Any plans for the long weekend? Quite here.
ReplyDeleteCP- Nah...the sugar contract opened 6% lower. I'm still up 3% on that trade, but that sucked!!
ReplyDeleteQuick question...What time frame do you guys use for average volume? No, not the amount of booze you drink :))
ReplyDeleteMark - I'm tellin' you you've got tools I don't have. Average volume? I've only got relative volume and that's not through my broker.
ReplyDeleteGreat song, 2nd_ave! :)
ReplyDeleteAs for me, I just realized that my $5.90 sell limit order on HNUZF will place UNG too close to the sell limit order at $7.80. My "money pump" strategy, however, works best when the sell limit orders are evenly spaced. So I am lowering my sell limit order yet again on HNUZF to $5.80, for 500 shares I bought at $5.30.
Also, I decided to place a sell limit order at $3.98 for 500 shares of PAL I purchased last week at $3.38.
ReplyDeleteMy take on next week is simple. If a rally is in the cards, then it should start on Tuesday, after the nice shakeout of weak hands that occurred today. Since I am slightly net long now, I do nothing if I see the market up on Tuesday.
ReplyDeleteIf, on the other hand, the market goes down on Tuesday, then a rally is not in the cards and we are going below 1000 on S&P. So if I wake up and see the market down on Tuesday, I say F*** IT, and put 1% of my portfolio into at-the-money SPY puts.
David- Remember, 4.00 was the share price in PAL's last debit offer. If you really want to unload it, that might be a pretty tough price to hit.
ReplyDeleteEveryone have a great weekend. I'll love Sat/Sun, but really, Mon. off always seems like a waste of a day to me.
Dennis Hopper, Film Industry’s Easy-Riding Villain, Dies at 74
ReplyDeletehttp://www.youtube.com/watch?v=rMbATaj7Il8