tag:blogger.com,1999:blog-6969366797834293153.post7527557823041108603..comments2023-10-28T01:56:57.243-07:00Comments on Trading Topics: 12/1/10 Locked In A Prison Of Your Own DeviseMarkWhttp://www.blogger.com/profile/10115276845896649502noreply@blogger.comBlogger58125tag:blogger.com,1999:blog-6969366797834293153.post-41224148385580096952010-12-01T18:07:06.946-08:002010-12-01T18:07:06.946-08:00Good to hear India's cranking right along, I&#...Good to hear India's cranking right along, I've been concerned inflation may slow progress but perhaps inflation is an issue specific to countries attempting to peg their currencies.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-57074598760363017132010-12-01T17:58:03.615-08:002010-12-01T17:58:03.615-08:00great job David on REDF. You had a disciplined pla...great job David on REDF. You had a disciplined plan, followed it and it paid off. Nicevbnoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-29333527852498820352010-12-01T17:14:55.438-08:002010-12-01T17:14:55.438-08:00new postnew post2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-39598367916142217612010-12-01T16:12:13.779-08:002010-12-01T16:12:13.779-08:00I am placing, once again, a sell short stop limit ...I am placing, once again, a sell short stop limit order for 100 shares of CRM at $142/$141.95.Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-48274775245671812402010-12-01T16:05:53.461-08:002010-12-01T16:05:53.461-08:00Well, it looks like King Pumper himself Cramer isu...Well, it looks like King Pumper himself Cramer isued a sell on NFLX, which is great for me. I decided to cut my losses on my 40 shares long that I added at $199.82 as a hedge so now I only have 7 call options valued at $450 versus 5 puts valued at $6,500. I firmly believe this stock should be valued at 1/2 it's current valuation given the concerns about declining free cash flows sequentially and issues about the Comcasts of the world and Disney's etc charging for bandwidth and content, respectively. <br /><br />It looks like I'm not alone:<br />http://www.businessinsider.com/whitney-tilson-explains-why-hes-short-netflix-and-opentable-2010-10<br /><br />Tilson sold short about $25 ago so I really like my entry points.<br /><br />I also like CRM, CMG, and OPEN as shorts. I think there are a lot of overvalued high fliers that can be shorted right here. The key I think is waiting for a big volume day at the top of a range.teamonfuegonoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-28124915187131914252010-12-01T14:08:41.749-08:002010-12-01T14:08:41.749-08:00I can't believe I actually ended up only losin...I can't believe I actually ended up only losing $1,700 today, given I had a 40% long position in triple shorts. On the flip side I hedged those with BGU and IBKC and my put position in NFLX worked out well. I'm thankful I had this move wrong and was still able to walk away relatively unscathed. <br /><br />Going forward, it sure looks like the market will be moving higher.teamonfuegonoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-43916436878276147832010-12-01T13:35:34.195-08:002010-12-01T13:35:34.195-08:00can't seem to figure out a good entry point on...can't seem to figure out a good entry point on eBay. I ultimately think this will be a $40 to $45 stock. I think the value of Paypal is too great to ignore.teamonfuegonoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-24027369854873179942010-12-01T13:22:45.378-08:002010-12-01T13:22:45.378-08:00CP - I think I saw that India's GDP grew 8.9% ...CP - I think I saw that India's GDP grew 8.9% last quarter. I'm following MMYT and hoping I can get in at the IPO price. We'll see.<br /><br />To continue with the NFLX theme, I decided to buy 7 x Dec $210 Calls right before close at $0.66 (they expire Friday) just in case something crazy happens. I also bought 40 shares of the stock at $199.82. These positions will offset my put position, which is pretty large at about $6,500. They expire in January for the most part so I'm not as pressed on timing on this one. I'm hoping that Cramer pumps up the stock in his show so I can exit my long and calls tomorrow morning at the open for a small profit. If for some unGodly reason he comes to his senses and admits that the company is extremely overvalued, then I will profit nicely from my puts position. We'll see.teamonfuegonoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-73614215192948295172010-12-01T13:18:09.081-08:002010-12-01T13:18:09.081-08:00"In the complicated cocktail of policies Chin..."In the complicated cocktail of policies China has pursued in recent weeks to tackle an unwanted burst of inflation, one ingredient has been missing: a stronger yuan. But economists think that is likely to change."<br /><br />Let's hope so...Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-58914596824231921592010-12-01T13:09:29.445-08:002010-12-01T13:09:29.445-08:00Speaking of India, does anyone know how their econ...Speaking of India, does anyone know how their economy's doing lately? Inflation?Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-20310623344745744202010-12-01T13:07:36.991-08:002010-12-01T13:07:36.991-08:00"26-Nov-10 06:23AM Rediff.com Announces Resul..."26-Nov-10 06:23AM Rediff.com Announces Results of Extra-ordinary General Meeting"<br /><br />So today was an extra-ordinary delayed reaction?Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-36577156318583702712010-12-01T13:04:24.875-08:002010-12-01T13:04:24.875-08:00BAC - I'd say that was a step in the right dir...BAC - I'd say that was a step in the right direction, keeping an ear on the track here for potential Beijing tightening...Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-29207979369915550052010-12-01T12:59:46.985-08:002010-12-01T12:59:46.985-08:00I decided to place a sell limit order at $4.40 for...I decided to place a sell limit order at $4.40 for my last 500 shares of REDF I bought at $3.40, so as to book another $500 in profit and forget about that crazy stock.Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-76957903837901777802010-12-01T12:56:29.450-08:002010-12-01T12:56:29.450-08:00So far, for the past 6 months, the ESLR chart look...So far, for the past 6 months, the ESLR chart looks exactly like REDF chart: a flat section, then a major spike up, then decline for some time and then another spike up from the level that is slightly below the previous flat section. ESLR now has reached that level of being slightly above the previous flat section, and if it behaves like REDF, then it should spike up in a short order.Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-37013653680817663422010-12-01T12:53:30.988-08:002010-12-01T12:53:30.988-08:00That buy limit order for ESLR was just executed. L...That buy limit order for ESLR was just executed. Let's see how this trade works out. If ESLR hits $0.75, then I might sell just 8000 shares and leave the other 2000 for the long term, as a replacement for the 2000 shares I sold at $1.09 in October when ESLR spiked to that level.Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-83897204859589032522010-12-01T12:50:48.482-08:002010-12-01T12:50:48.482-08:00The 1 month intraday price chart for ESLR gives me...The 1 month intraday price chart for ESLR gives me a feeling that the price decline has lost its momentum and ESLR might be ready for another bounce. I just placed a buy limit order for 10000 shares at $0.77, with the intention of stopping myself out if it breaks below $0.75, which to me seems like a support on the 5-day intraday chart.Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-60758359997481098742010-12-01T12:43:32.700-08:002010-12-01T12:43:32.700-08:00Usually what happens with Cramer is he pumps it, i...Usually what happens with Cramer is he pumps it, it jumps 10% AH, then the pros off it the next day for a loss.<br /><br />FFAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-44471899903260134672010-12-01T12:29:34.174-08:002010-12-01T12:29:34.174-08:00Actually I decided to add 2 more Jan $200 Puts at ...Actually I decided to add 2 more Jan $200 Puts at $15.6. I now have a pretty large put position in the company (about $6k) so I will probably buy a few calls that expire on Friday in the event anything crazy happens between now and then.teamonfuegonoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-26370079135208739822010-12-01T12:22:38.742-08:002010-12-01T12:22:38.742-08:00See that there might not be much of a bounce in NF...See that there might not be much of a bounce in NFLX given how weak it has been all day today, I decided to re-enter a put position. However, this time, I put on a smaller position and used strike prices closer to the current price and also further out. I bought the following:<br /><br />3 x Dec $200 Puts at $8.70<br />1 x Jan $200 Put at $15.40. <br /><br />I believe Netflix is the most overvalued stock in the market and if it gets a boost tomorrow at the open because of Cramer, I will be using the strength to add to my put position. The massive amount of bandwidth they're using is going to cause them to have much higher operating costs going forward and that is not priced into the stock. The spat with Comcast just over the past day or two is just the beginning. Their free cash flow has been dwindling the past few quarters and I don't think anyone is pricing this in the stock.teamonfuegonoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-25479701106615501702010-12-01T12:14:21.621-08:002010-12-01T12:14:21.621-08:00I could see MMR going to 15.44 today. I talked to ...I could see MMR going to 15.44 today. I talked to MOG about this one today. He likes it. IF crude runs like he expects, MMR would be a leveraged winner as it's assets have the most potential for expansion. Can't believe I'm back in the Gulf. Feels like home.MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-37466072565135085872010-12-01T12:10:23.637-08:002010-12-01T12:10:23.637-08:00Looking at CPE.Looking at CPE.MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-35579892854509317932010-12-01T12:07:17.350-08:002010-12-01T12:07:17.350-08:00Screw it...sold all of my NFLX puts. I just saw t...Screw it...sold all of my NFLX puts. I just saw that pumper Cramer is going to be featuring them on his show tonight so I would rather wait for another spike up before buying puts again. So I sold all of my puts for a 12% gain. Sold them at $4.4 (bought for $3.92 avg). Not bad. I had to take on too much risk, though, just to get the position above water.teamonfuegonoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-23400701324756260172010-12-01T11:59:52.836-08:002010-12-01T11:59:52.836-08:00Hey bro...No, I haven't checked it out yet. Ma...Hey bro...No, I haven't checked it out yet. Maybe this winter when I have some more time. No word yet from the pirates I contracted. I damn near slammed you yesterday on SOH bashing my beloved BAC. Careful...next time I'll rain a world of pain upon you ;)<br /><br />Yep, sure as shit, I should have gotten back in UCO yesterday AH. What a wuss.<br /><br />I am pleased to see MMR up 3.6% so far. BAC seems to be catching a bid, finally.MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-61431512051140760702010-12-01T11:23:34.147-08:002010-12-01T11:23:34.147-08:00APWR - Financing failure for proposed Texas wind f...APWR - Financing failure for proposed Texas wind farm.<br /><br />Strike 12 for alternative energy.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-9541480401324158962010-12-01T10:39:35.113-08:002010-12-01T10:39:35.113-08:00REDF came back to life today! I bought 1000 shares...REDF came back to life today! I bought 1000 shares at $3 and today it hit my sell limit order at $3.50 for 500 shares. I decided to take a full profit on that trade and just sold the other 500 shares at $3.68, for a total profit of $590. Now I just have my "nominal" core position of 500 shares that I purchased at $3.40.Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.com