Hey, I ought to leave the young thing alone,
But ain't no sunshine when she's gone, only darkness everyday.
Ain't no sunshine when she's gone,
And this house just ain't no home anytime she goes away.
Re: Paul Singer - worth the read, boys and girls. newSubmitted by 2nd_ave (5366 comments) on Mon, 03/21/2011 - 20:52 #82041 (in reply to #82037) I so well remember my young, international relations professor ( 1974 ) stating that within 20 years, the world economy would be controlled by 25 multi-national corporations.
baz- 1974 was a wild year. I recall standing in line at the University of Michigan Fishbowl for tickets to a double-feature. Seeing Dodeskaden and O Lucky Man back to back stays with me to this day. Like getting one's mind blown sans substance abuse.
http://tinyurl.com/4llpo49
http://tinyurl.com/27z3a3
Back then it was all about changing the world. Making statements along those lines ranked a close second ;)
Nikkei is now up a whopping +18% since its low last week! Risk is VERY high holding anything long right now. Usually, these reflex bounces have some sort of a retest and 18% (not that it has to retest the low) is a LONG way down.
Don't forget the nasty snapback (for bears) from the Egypt selloff. If we close above 1,310 its inevitable we go to 1,340. I'm waiting to buy more at 1,260 or above 1,310.
2nd / Mark > you guys getting crazy weather up there? We had a crazy rain storm last night.
really? how come? looking back it seemed like XXV was going to break out to new highs. got it on a tight lease so if we get another spike in the VIX I'm sure I will get stopped out.
man...i overslept and woke up to pretty much the same thing I saw yesterday..except I see my REDF spiked up and came back down. bummer that I couldn't sell at $6.4.
Closed my XLF puts at a $40 gain. Woo hoo! I actually decided to take the other side of this trade and bought some April $43 calls in JPM just now at $3 and some $44 calls expiring on Friday at $1.72...about $5k at risk.
Ok, that was probably a bad move...don't follow my trade in the banks. They should be shorted I think. Oil is spiking back up...looks like it's getting ready to break out. That is going to knock this market down.
My hands are itching to buy more ECUXF here, with it still being down SO much and silver being at new highs. This will surely be reflected in their bottom line, so what are the traders thinking? ECU is self-financing (from the production they are getting from their current mills) and so they could care less about the general risk attitude in the market -- as long as SLV/GLD are up, they will have enough revenue to continue further exploration.
The two things that are stopping me from buying more ECUXF here is that I have already ran out of all my cash and that ECU can follow the market down if we do get a re-test of previous lows. It will be totally irrational for ECU to go down with the broad market, but out of respect for recent correlations, I am allowing for this possibility...
Considering the degree of difficulty experienced digesting current events, the market doesn't seem terribly enthusiastic about today's new high for oil prices.
Kinda looks like our foreign policy of the past two decades isn't paying many dividends today.
OK, here is what I did about ECU: I placed a buy limit order for 5K shares at $0.95, so as to reload the shares I sold last week at $1.00. So now, ECUXF can either hit my buy limit at $0.95 or hit my sell limit at $1.10 for the 5K shares I bought at $1.00 a couple of weeks ago, and either outcome is fine with me.
alright i decided to hop bck in the JPM trade. went long JPM $43 April calls once again at $2.85 average. this stock has held up remarkably well during the latest downturn. I'm assuming i will bail tomorrow at a loss tho.
by the way, NVDA and JDSU both look like they have some support here on the trend line. Could be a low risk trade with a stop out just below current prices.
Turning Bullish> SMH @ 33.58/ Back into OAKBX @ Close newSubmitted by 2nd_ave (5367 comments) on Tue, 03/22/2011 - 15:42 #82100 JMO. If this is the best the bears can do, we're headed back to 1350
wow. JBL looks good after hours. good to see a stock hold up strong. i am thinking NVDA / JDSU / JNPR are all looking like pretty good entry points right here...
2nd - How do you go in and out of OAKBX so easily, Schwab has short term redemption fee on it. Any similiar alternatives you would suggest. I used to be in FPA Crescent, liked the fund but also has short term redemption fee and a $50 fee to purchase/redeem.
2nd- Yeah, after 3 pass/gaps, couldn't resist. Besides, that damn chip was burning a hole in my pocket.
ReplyDelete2nd- You were active as hell today. Any reason?
ReplyDeleteRe: Paul Singer - worth the read, boys and girls. newSubmitted by 2nd_ave (5366 comments) on Mon, 03/21/2011 - 20:52 #82041 (in reply to #82037)
ReplyDeleteI so well remember my young, international relations professor ( 1974 ) stating that within 20 years, the world economy would be controlled by 25 multi-national corporations.
baz- 1974 was a wild year. I recall standing in line at the University of Michigan Fishbowl for tickets to a double-feature. Seeing Dodeskaden and O Lucky Man back to back stays with me to this day. Like getting one's mind blown sans substance abuse.
http://tinyurl.com/4llpo49
http://tinyurl.com/27z3a3
Back then it was all about changing the world. Making statements along those lines ranked a close second ;)
Mark- Yeah. I had a day off.
ReplyDeleteHa!! I figured that might be it :)
ReplyDeleteHard to believe a few days ago it was all about a nuclear Holocaust. Now traders can't wait to chase the same old same old.
ReplyDeleteMaybe by Wednesday it will be all about a nuclear Holocaust ;)
ReplyDeleteNikkei is now up a whopping +18% since its low last week! Risk is VERY high holding anything long right now. Usually, these reflex bounces have some sort of a retest and 18% (not that it has to retest the low) is a LONG way down.
ReplyDeleteGlad to hear that, Jesse. Helps me with my OAKBX seller's remorse ;)
ReplyDeleteDon't forget the nasty snapback (for bears) from the Egypt selloff. If we close above 1,310 its inevitable we go to 1,340. I'm waiting to buy more at 1,260 or above 1,310.
ReplyDelete2nd / Mark > you guys getting crazy weather up there? We had a crazy rain storm last night.
TOF- Worst rain storm I can remember Sat. night.
ReplyDeleteCRYP- Ya think anyone new about the earnings yesterday? Man, that's about the worst pre-release trading I've ever seen.
ReplyDeleteBOO!
ReplyDeletescared me!
ReplyDelete:)!
ReplyDeleteDANG gets an up grade.
bought XXV @33.82, starter position. interested to see how this one acts.
ReplyDeleteF bounced off of S2 but is rolling over again.
ReplyDeleteXXV/VVX/TVIX....Hate them!! GL :)
ReplyDeletereally? how come? looking back it seemed like XXV was going to break out to new highs. got it on a tight lease so if we get another spike in the VIX I'm sure I will get stopped out.
ReplyDeleteBecause they don't track worth a shit. If they did, I'd be all over them.
ReplyDeletesh*t, I should have looked closer before I entered the trade. moved up my stop and lowered my exit. maybe I can work my way out quickly.
ReplyDeleteTrading TZA's less psychotic sister this morning- SDS.
ReplyDeleteTrade #1: Opened 21.89, closed 21.95
Trade #2: Opened 21.88, closed 21.95
Boring!!! $300 stops both sides of SDS.
ReplyDeleteSee you guys at the close.
man...i overslept and woke up to pretty much the same thing I saw yesterday..except I see my REDF spiked up and came back down. bummer that I couldn't sell at $6.4.
ReplyDeleteSeeing how REDF kind of broke out, though, rather than sell I decided to just add some more at $6.069 avg.
ReplyDeleteClosed my XLF puts at a $40 gain. Woo hoo! I actually decided to take the other side of this trade and bought some April $43 calls in JPM just now at $3 and some $44 calls expiring on Friday at $1.72...about $5k at risk.
ReplyDeleteOk, that was probably a bad move...don't follow my trade in the banks. They should be shorted I think. Oil is spiking back up...looks like it's getting ready to break out. That is going to knock this market down.
ReplyDeleteAlright...I got out of those trades...that was dumb. Lost about $300.
ReplyDeleteMy hands are itching to buy more ECUXF here, with it still being down SO much and silver being at new highs. This will surely be reflected in their bottom line, so what are the traders thinking? ECU is self-financing (from the production they are getting from their current mills) and so they could care less about the general risk attitude in the market -- as long as SLV/GLD are up, they will have enough revenue to continue further exploration.
ReplyDeleteThe two things that are stopping me from buying more ECUXF here is that I have already ran out of all my cash and that ECU can follow the market down if we do get a re-test of previous lows. It will be totally irrational for ECU to go down with the broad market, but out of respect for recent correlations, I am allowing for this possibility...
REDF baby!
ReplyDeleteConsidering the degree of difficulty experienced digesting current events, the market doesn't seem terribly enthusiastic about today's new high for oil prices.
ReplyDeleteKinda looks like our foreign policy of the past two decades isn't paying many dividends today.
OK, here is what I did about ECU: I placed a buy limit order for 5K shares at $0.95, so as to reload the shares I sold last week at $1.00. So now, ECUXF can either hit my buy limit at $0.95 or hit my sell limit at $1.10 for the 5K shares I bought at $1.00 a couple of weeks ago, and either outcome is fine with me.
ReplyDeleteALU is forming a nice little wedge here.
ReplyDeletealright i decided to hop bck in the JPM trade. went long JPM $43 April calls once again at $2.85 average. this stock has held up remarkably well during the latest downturn. I'm assuming i will bail tomorrow at a loss tho.
ReplyDeleteby the way, NVDA and JDSU both look like they have some support here on the trend line. Could be a low risk trade with a stop out just below current prices.
Man, lot's of boners out there today.
ReplyDeleteBeen watching NVDA TOF.
WFC/BAC clinging for dear life.
ReplyDeletewow...what a huge move in REDF. i almost loaded the boat in it last week but "only" went with 50% of my portfolio.
ReplyDeletei'm gonna get burned one of these days with this stock...i just know it.
ReplyDeletewhich is why i couldn't get myself to go all in on it.
ReplyDeleteI'm going to see If I can work in a short on HEK.
ReplyDeleteTurning Bullish> SMH @ 33.58/ Back into OAKBX @ Close newSubmitted by 2nd_ave (5367 comments) on Tue, 03/22/2011 - 15:42 #82100
ReplyDeleteJMO. If this is the best the bears can do, we're headed back to 1350
What is this, like the 500th day in a row F/BAC have had buy imbalances @ the close??
ReplyDeleteSDS off @ 22.02. I'll take the 160 bucks.
ReplyDeleteFlipping those $'s into SOS @ 50.80
ReplyDeleteRe: Turning Bullish> Adding CSCO @ 17.48 newSubmitted by 2nd_ave (5368 comments) on Tue, 03/22/2011 - 15:58 #82102 (in reply to #82100)
ReplyDeleteIf I get toasted big time tomorrow- that's why God invented ethanol.
ReplyDeleteIf I recall, a middle eastern street vendor began the party with a little farewell toast of his own.
ReplyDeleteYet another cliff hanger of a day...
ReplyDeleteGood report from JBL. Let's watch this one tomorrow.
ReplyDeletewow. JBL looks good after hours. good to see a stock hold up strong. i am thinking NVDA / JDSU / JNPR are all looking like pretty good entry points right here...
ReplyDelete2nd - How do you go in and out of OAKBX so easily, Schwab has short term redemption fee on it. Any similiar alternatives you would suggest. I used to be in FPA Crescent, liked the fund but also has short term redemption fee and a $50 fee to purchase/redeem.
ReplyDeleteWAG - slammed on earnings, might be a good entry point, Opened 400@38.89
ReplyDeletenew post
ReplyDeleteigor- no ST redemption fee with Fidelity.