Home › Forums › Financial Markets/Economics › Market down 2% at noon hour
- This topic has 205 replies, 20 voices, and was last updated 15 years, 2 months ago by
Coronita.
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AuthorPosts
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January 15, 2008 at 10:28 AM #11517
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January 15, 2008 at 10:33 AM #136204
Coronita
ParticipantI thought you dumped all your short positions a few days ago when you posted ? You dumped your short positions again?
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 15, 2008 at 10:42 AM #136218
nostradamus
ParticipantStockstradr seems to be a day trader. No?
Anyhow, I don’t know about your move to long positions in this volatile market. A half-point rate cut is not as effective on the market as it used to be, especially with massive, subprime write-offs and job cuts being announced.
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January 15, 2008 at 11:45 AM #136237
VoZangre
ParticipantVolatility…
bein such a financial noob ( I know, rhymes w/ boob, rube…)
still, the volatility over the first two weeks of the calendar year is quite fascinating, and partially frightening.
Voz
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January 15, 2008 at 1:57 PM #136335
HereWeGo
ParticipantTwo words:
Intel. Missed.
Oh boy.
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January 15, 2008 at 1:57 PM #136535Participant
Two words:
Intel. Missed.
Oh boy.
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January 15, 2008 at 1:57 PM #136569Participant
Two words:
Intel. Missed.
Oh boy.
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January 15, 2008 at 1:57 PM #136596Participant
Two words:
Intel. Missed.
Oh boy.
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January 15, 2008 at 1:57 PM #136636Participant
Two words:
Intel. Missed.
Oh boy.
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January 15, 2008 at 11:45 AM #136439Participant
Volatility…
bein such a financial noob ( I know, rhymes w/ boob, rube…)
still, the volatility over the first two weeks of the calendar year is quite fascinating, and partially frightening.
Voz
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January 15, 2008 at 11:45 AM #136475Participant
Volatility…
bein such a financial noob ( I know, rhymes w/ boob, rube…)
still, the volatility over the first two weeks of the calendar year is quite fascinating, and partially frightening.
Voz
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January 15, 2008 at 11:45 AM #136499Participant
Volatility…
bein such a financial noob ( I know, rhymes w/ boob, rube…)
still, the volatility over the first two weeks of the calendar year is quite fascinating, and partially frightening.
Voz
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January 15, 2008 at 11:45 AM #136540Participant
Volatility…
bein such a financial noob ( I know, rhymes w/ boob, rube…)
still, the volatility over the first two weeks of the calendar year is quite fascinating, and partially frightening.
Voz
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January 15, 2008 at 10:42 AM #136419Participant
Stockstradr seems to be a day trader. No?
Anyhow, I don’t know about your move to long positions in this volatile market. A half-point rate cut is not as effective on the market as it used to be, especially with massive, subprime write-offs and job cuts being announced.
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January 15, 2008 at 10:42 AM #136456Participant
Stockstradr seems to be a day trader. No?
Anyhow, I don’t know about your move to long positions in this volatile market. A half-point rate cut is not as effective on the market as it used to be, especially with massive, subprime write-offs and job cuts being announced.
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January 15, 2008 at 10:42 AM #136480Participant
Stockstradr seems to be a day trader. No?
Anyhow, I don’t know about your move to long positions in this volatile market. A half-point rate cut is not as effective on the market as it used to be, especially with massive, subprime write-offs and job cuts being announced.
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January 15, 2008 at 10:42 AM #136519Participant
Stockstradr seems to be a day trader. No?
Anyhow, I don’t know about your move to long positions in this volatile market. A half-point rate cut is not as effective on the market as it used to be, especially with massive, subprime write-offs and job cuts being announced.
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January 15, 2008 at 10:33 AM #136403Participant
I thought you dumped all your short positions a few days ago when you posted ? You dumped your short positions again?
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 15, 2008 at 10:33 AM #136441Participant
I thought you dumped all your short positions a few days ago when you posted ? You dumped your short positions again?
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 15, 2008 at 10:33 AM #136463Participant
I thought you dumped all your short positions a few days ago when you posted ? You dumped your short positions again?
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 15, 2008 at 10:33 AM #136502Participant
I thought you dumped all your short positions a few days ago when you posted ? You dumped your short positions again?
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 15, 2008 at 2:07 PM #136347Participant
Let me guess stockstrader.. You sold your longs and went short right before the intel announcement 🙂
Just both a 1000 shares of intel after hours at 19.44. prior to the con-call. I don't know. I got a feeling they got something up their sleeve. Either that, or they are really bad at expectation management. Oh wait, they do suck at expectation management. Oh well, long term investment these are 🙂
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 15, 2008 at 2:51 PM #136385Participant
Onions!
But please tell me you have a stop in place, just in case.
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January 15, 2008 at 3:05 PM #136390Participant
$17 stop 🙂
Listening to con-call. it's pretty interesting. Seems like they are dancing around questions regarding gross margins in q1 2008, despite launching a new chips based on 45 process and expected ditching the NOR unit. Seems like they are buffering in case the recession affects them worse than they expect, so they can at least meet next Q's estimates. Of course, they in the past have tripped up and even came short on their own estimates by 0.01 to 0.02 cents like we're seeing today. dumbasses.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 15, 2008 at 4:14 PM #136425
stockstradr
ParticipantWell, the markets dropped another 1% after I took those long positions. I’m starting to feel a Fool for trying to swim against an obviously bearish current.
As as for stating in this thread I closed short positions,I meant the collections of puts I was still holding on the indexes as the market opened. I sold to close all those positions when the market was down about 2% today. That was obviously a mistake, as the markets continued to tumble downward. On the puts I netted only about 25% gain across the positions because profits were diluted by a loss on two of them (QQQ JAN08 42, and QQQ JAN08 44) which I bought waaaay too early. (Of course, those two could still slide “in the money” if the markets drop “merely” another 5% to 7% in the next THREE days!) Fat chance.
You recall I shorted oil. You better get your jabs and insults in quick on that, because the market is moving fast in my favor now. Oil inventories are rising, as I expected, because we’re heading into a global recession. Oil has come down off the $100/bbl peak. However, I’ve got a ways to go because I shorted it at $83/bbl, clearly not one of my smarter moves.
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January 15, 2008 at 4:56 PM #136447Participant
stockstradr ,
Don't take it personally. I just find people's trading patterns pretty entertaining. Usually people feel they're on top of the world when the market's in the direction they are positioned in. Very few people like to talk about days when they 20%+ down.
I have a simple rule about who is professional and who isn't. Professional traders that I have met never post their trades with 99% conviction they are right. Just like pro poker players don't talk about their hands.
I won't be jabbing at you about DUG, since I'm pretty much knee deep in this one myself, though it may be an issue when/if there's that 50pt basis cut if anyday now.
I'm curious. Who here is in a hole for 2008? Come on fess up…. Me first, I'm $40k in the hole right now, going on $60k if intel opens at the price that it traded ah, despite even sinking more money in today. I should post my holdings so real people that want to make money can just do the opposite of what I do, and we can split the profits 50/50 LOL.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 15, 2008 at 6:07 PM #136484
Mayer
Participant“I’m curious. Who here is in a hole for 2008? Come on fess up….”
Only a few hundred, and despite the negligible amount, quite annoyed for some reason.
Guess I should be happy considering the current circumstances.
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January 15, 2008 at 6:26 PM #136498
Eugene
ParticipantI consider myself deeply in a hole because I didn’t short homebuilders and didn’t short Countrywide. Other than that I’m OK.
BTW there’s talk about emergency Fed meeting going on right now and a possibility of either a sharply lower opening or an emergency rate cut before market open tomorrow.
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January 15, 2008 at 6:50 PM #136510
drunkle
Participantdow dipped below 12500 today, last time it touched 12.5, it shot back up. computerized trades probably? broke the floor today?
after hours, it’s lower, but not omfgiddhutbap. they’ve been rumoring about an emergency cut all day as well. defribulate the ol stock market a little? or tomorrow’s jp morgan and merrill numbers are going to be stupid ugly?
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January 15, 2008 at 7:56 PM #136520Participant
dow dipped below 12500 today, last time it touched 12.5, it shot back up. computerized trades probably? broke the floor today?
after hours, it's lower, but not omfgiddhutbap. they've been rumoring about an emergency cut all day as well. defribulate the ol stock market a little? or tomorrow's jp morgan and merrill numbers are going to be stupid ugly?
With all due respect to people shorting the markets. I do hope we get a short term rebound. I normally don't wish for this, but 2008 hasn't been a terribly great start to begin with in general, and any thing going in the right direction would break this apparent sh!tstorm I seem to be caught in.
It's only been 15days into the month and so far my accomplishments have been…
1)Both my wife and I have been sick with the same lung infection
2)Got into another dispute with a neighbor, yet managed to get citecd by my HOA for some bullsh!t thing. Not a really big deal.
3)Managed to close the garage door on my wife's car (forgetting Ileft the hatch open) doh!
4)Got stopped by CHP..twice..by the same officer.. ..though both times were let of with warnings…
5)Dropped a bottle of bleach on a carpet without realizing it was there until a few days later.
6)Fell off a ladder while trying to remove christmas lights (note to self, trying to reposition the ladder while still on it is a d*mbass move, especially with a phenomena called "gravity")
7) Going through a company reorg….again……
8) Had a nice winter storm that sort of flooded a few places where the outdoor drain didn't really work.
Oh, yeah, and the markets are really down. Almost forgot about that.
Ironically, my bitter meter was still reading a 2, though it's starting to share a tad bit of "3" after closing the garage door on my wife's car..though the the good news was, it was her car, and not mine 🙂
When the sh!t snows, it really snows. And lately, I feel like staying in bed and not crawling out until…2009…. Lol…Again, that's why I don't take things that seriously.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 15, 2008 at 8:18 PM #136528Participant
Bummer flu. Are you sure it’s a lung infection and not this highly contagious, drug-resistant staph infection MRSA that’s affecting many? I know two people who had it, took about a year to recover, and both exhibited lung-infection-like symptoms.
Anyhow, hope this makes you feel better. }:D
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January 15, 2008 at 8:50 PM #136543
Anonymous
GuestFlu, sorry you and your wife are still sick. Don’t hesitate to go back to the doctor if you don’t feel better soon though.
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January 15, 2008 at 10:12 PM #136582Participant
Sorry to hear, flu. That said, I hope you sold your EWJ some time back … yikes.
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January 16, 2008 at 5:45 AM #136668Participant
Sorry to hear, flu. That said, I hope you sold your EWJ some time back … yikes.
Fortunately, yes i did, though even if held onto it, it probably would be a less steep loss than some of my other holdings 🙂
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 16, 2008 at 5:45 AM #136869Participant
Sorry to hear, flu. That said, I hope you sold your EWJ some time back … yikes.
Fortunately, yes i did, though even if held onto it, it probably would be a less steep loss than some of my other holdings 🙂
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 16, 2008 at 5:45 AM #136903Participant
Sorry to hear, flu. That said, I hope you sold your EWJ some time back … yikes.
Fortunately, yes i did, though even if held onto it, it probably would be a less steep loss than some of my other holdings 🙂
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 16, 2008 at 5:45 AM #136929Participant
Sorry to hear, flu. That said, I hope you sold your EWJ some time back … yikes.
Fortunately, yes i did, though even if held onto it, it probably would be a less steep loss than some of my other holdings 🙂
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 16, 2008 at 5:45 AM #136969Participant
Sorry to hear, flu. That said, I hope you sold your EWJ some time back … yikes.
Fortunately, yes i did, though even if held onto it, it probably would be a less steep loss than some of my other holdings 🙂
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 15, 2008 at 10:12 PM #136786Participant
Sorry to hear, flu. That said, I hope you sold your EWJ some time back … yikes.
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January 15, 2008 at 10:12 PM #136817Participant
Sorry to hear, flu. That said, I hope you sold your EWJ some time back … yikes.
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January 15, 2008 at 10:12 PM #136845Participant
Sorry to hear, flu. That said, I hope you sold your EWJ some time back … yikes.
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January 15, 2008 at 10:12 PM #136885Participant
Sorry to hear, flu. That said, I hope you sold your EWJ some time back … yikes.
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January 15, 2008 at 8:50 PM #136745Guest
Flu, sorry you and your wife are still sick. Don’t hesitate to go back to the doctor if you don’t feel better soon though.
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January 15, 2008 at 8:50 PM #136777Guest
Flu, sorry you and your wife are still sick. Don’t hesitate to go back to the doctor if you don’t feel better soon though.
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January 15, 2008 at 8:50 PM #136805Guest
Flu, sorry you and your wife are still sick. Don’t hesitate to go back to the doctor if you don’t feel better soon though.
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January 15, 2008 at 8:50 PM #136846Guest
Flu, sorry you and your wife are still sick. Don’t hesitate to go back to the doctor if you don’t feel better soon though.
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January 15, 2008 at 10:28 PM #136593Guest
Bummer flu. Are you sure it’s a lung infection and not this highly contagious, drug-resistant staph infection MRSA that’s affecting many? I know two people who had it, took about a year to recover, and both exhibited lung-infection-like symptoms.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/01/15/MNI5UE0L8.DTL
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January 15, 2008 at 10:33 PM #136599
golfproz
ParticipantTomorrow should be interesting, tonight the Asian markets are taking on water faster than a bottomless boat. They are TANKING big time on fears of a US recession. The Nikkei is currently down 3.4% and the Hang Seng is down 4%. Ouch that’s gotta sting a little
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January 16, 2008 at 12:14 AM #136649
p-dude
Participantp-dude
After hours is killing semiconductors! Tomorrow
might be a really bad day for techsThis year so far so good for me. GLD is up, DBA up,
BEARX up. Don’t know when my luck will run out but
so far so good. Wish I stayed longer with SRS and SKF
but I really can predict what FED and ECB would do in
near term.Does anyone here knows about EDD ?
Morgan Stanley Emerging Markets DomesticSemi stable, it pays 10% dividend and concentrate
on foreign Government debt in their currency -
January 16, 2008 at 12:42 AM #136659
patientrenter
Participantflu, I am down on my income portfolio (dividend-paying stocks) by… something. I use the portfolio for income, so I don’t pay as much attention to the market value. National City bank is in there, and some other banks, so I expect the dividends will be down a bit next year. Market values are probably down by 2-5% from year-end. What I care about is the dividends, and I’ll just have to wait and see what happens to dividends in the aggregate in this recession.
To hedge any loss of future dividends from some of my dividend-paying companies suffering permanent damage, I bought yen/british pound futures and yen/euro futures in mid-Dec, for a total notional amount equal to 150% of my stock portfolio (to account for a 1/3 tax rate on the futures). Overall, I am probably ahead by a few %.
I wish you a speedy recovery.
Patient renter in OC
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January 16, 2008 at 12:42 AM #136857Participant
flu, I am down on my income portfolio (dividend-paying stocks) by… something. I use the portfolio for income, so I don’t pay as much attention to the market value. National City bank is in there, and some other banks, so I expect the dividends will be down a bit next year. Market values are probably down by 2-5% from year-end. What I care about is the dividends, and I’ll just have to wait and see what happens to dividends in the aggregate in this recession.
To hedge any loss of future dividends from some of my dividend-paying companies suffering permanent damage, I bought yen/british pound futures and yen/euro futures in mid-Dec, for a total notional amount equal to 150% of my stock portfolio (to account for a 1/3 tax rate on the futures). Overall, I am probably ahead by a few %.
I wish you a speedy recovery.
Patient renter in OC
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January 16, 2008 at 12:42 AM #136892Participant
flu, I am down on my income portfolio (dividend-paying stocks) by… something. I use the portfolio for income, so I don’t pay as much attention to the market value. National City bank is in there, and some other banks, so I expect the dividends will be down a bit next year. Market values are probably down by 2-5% from year-end. What I care about is the dividends, and I’ll just have to wait and see what happens to dividends in the aggregate in this recession.
To hedge any loss of future dividends from some of my dividend-paying companies suffering permanent damage, I bought yen/british pound futures and yen/euro futures in mid-Dec, for a total notional amount equal to 150% of my stock portfolio (to account for a 1/3 tax rate on the futures). Overall, I am probably ahead by a few %.
I wish you a speedy recovery.
Patient renter in OC
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January 16, 2008 at 12:42 AM #136920Participant
flu, I am down on my income portfolio (dividend-paying stocks) by… something. I use the portfolio for income, so I don’t pay as much attention to the market value. National City bank is in there, and some other banks, so I expect the dividends will be down a bit next year. Market values are probably down by 2-5% from year-end. What I care about is the dividends, and I’ll just have to wait and see what happens to dividends in the aggregate in this recession.
To hedge any loss of future dividends from some of my dividend-paying companies suffering permanent damage, I bought yen/british pound futures and yen/euro futures in mid-Dec, for a total notional amount equal to 150% of my stock portfolio (to account for a 1/3 tax rate on the futures). Overall, I am probably ahead by a few %.
I wish you a speedy recovery.
Patient renter in OC
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January 16, 2008 at 12:42 AM #136958Participant
flu, I am down on my income portfolio (dividend-paying stocks) by… something. I use the portfolio for income, so I don’t pay as much attention to the market value. National City bank is in there, and some other banks, so I expect the dividends will be down a bit next year. Market values are probably down by 2-5% from year-end. What I care about is the dividends, and I’ll just have to wait and see what happens to dividends in the aggregate in this recession.
To hedge any loss of future dividends from some of my dividend-paying companies suffering permanent damage, I bought yen/british pound futures and yen/euro futures in mid-Dec, for a total notional amount equal to 150% of my stock portfolio (to account for a 1/3 tax rate on the futures). Overall, I am probably ahead by a few %.
I wish you a speedy recovery.
Patient renter in OC
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January 16, 2008 at 12:14 AM #136849Participant
p-dude
After hours is killing semiconductors! Tomorrow
might be a really bad day for techsThis year so far so good for me. GLD is up, DBA up,
BEARX up. Don’t know when my luck will run out but
so far so good. Wish I stayed longer with SRS and SKF
but I really can predict what FED and ECB would do in
near term.Does anyone here knows about EDD ?
Morgan Stanley Emerging Markets DomesticSemi stable, it pays 10% dividend and concentrate
on foreign Government debt in their currency -
January 16, 2008 at 12:14 AM #136883Participant
p-dude
After hours is killing semiconductors! Tomorrow
might be a really bad day for techsThis year so far so good for me. GLD is up, DBA up,
BEARX up. Don’t know when my luck will run out but
so far so good. Wish I stayed longer with SRS and SKF
but I really can predict what FED and ECB would do in
near term.Does anyone here knows about EDD ?
Morgan Stanley Emerging Markets DomesticSemi stable, it pays 10% dividend and concentrate
on foreign Government debt in their currency -
January 16, 2008 at 12:14 AM #136911Participant
p-dude
After hours is killing semiconductors! Tomorrow
might be a really bad day for techsThis year so far so good for me. GLD is up, DBA up,
BEARX up. Don’t know when my luck will run out but
so far so good. Wish I stayed longer with SRS and SKF
but I really can predict what FED and ECB would do in
near term.Does anyone here knows about EDD ?
Morgan Stanley Emerging Markets DomesticSemi stable, it pays 10% dividend and concentrate
on foreign Government debt in their currency -
January 16, 2008 at 12:14 AM #136950Participant
p-dude
After hours is killing semiconductors! Tomorrow
might be a really bad day for techsThis year so far so good for me. GLD is up, DBA up,
BEARX up. Don’t know when my luck will run out but
so far so good. Wish I stayed longer with SRS and SKF
but I really can predict what FED and ECB would do in
near term.Does anyone here knows about EDD ?
Morgan Stanley Emerging Markets DomesticSemi stable, it pays 10% dividend and concentrate
on foreign Government debt in their currency -
January 15, 2008 at 10:33 PM #136801Participant
Tomorrow should be interesting, tonight the Asian markets are taking on water faster than a bottomless boat. They are TANKING big time on fears of a US recession. The Nikkei is currently down 3.4% and the Hang Seng is down 4%. Ouch that’s gotta sting a little
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January 15, 2008 at 10:33 PM #136832Participant
Tomorrow should be interesting, tonight the Asian markets are taking on water faster than a bottomless boat. They are TANKING big time on fears of a US recession. The Nikkei is currently down 3.4% and the Hang Seng is down 4%. Ouch that’s gotta sting a little
-
January 15, 2008 at 10:33 PM #136860Participant
Tomorrow should be interesting, tonight the Asian markets are taking on water faster than a bottomless boat. They are TANKING big time on fears of a US recession. The Nikkei is currently down 3.4% and the Hang Seng is down 4%. Ouch that’s gotta sting a little
-
January 15, 2008 at 10:33 PM #136900Participant
Tomorrow should be interesting, tonight the Asian markets are taking on water faster than a bottomless boat. They are TANKING big time on fears of a US recession. The Nikkei is currently down 3.4% and the Hang Seng is down 4%. Ouch that’s gotta sting a little
-
January 15, 2008 at 10:28 PM #136796Guest
Bummer flu. Are you sure it’s a lung infection and not this highly contagious, drug-resistant staph infection MRSA that’s affecting many? I know two people who had it, took about a year to recover, and both exhibited lung-infection-like symptoms.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/01/15/MNI5UE0L8.DTL
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January 15, 2008 at 10:28 PM #136827Guest
Bummer flu. Are you sure it’s a lung infection and not this highly contagious, drug-resistant staph infection MRSA that’s affecting many? I know two people who had it, took about a year to recover, and both exhibited lung-infection-like symptoms.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/01/15/MNI5UE0L8.DTL
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January 15, 2008 at 10:28 PM #136855Guest
Bummer flu. Are you sure it’s a lung infection and not this highly contagious, drug-resistant staph infection MRSA that’s affecting many? I know two people who had it, took about a year to recover, and both exhibited lung-infection-like symptoms.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/01/15/MNI5UE0L8.DTL
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January 15, 2008 at 10:28 PM #136895Guest
Bummer flu. Are you sure it’s a lung infection and not this highly contagious, drug-resistant staph infection MRSA that’s affecting many? I know two people who had it, took about a year to recover, and both exhibited lung-infection-like symptoms.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/01/15/MNI5UE0L8.DTL
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January 16, 2008 at 6:20 AM #136675Participant
Bummer flu. Are you sure it's a lung infection and not this highly contagious, drug-resistant staph infection MRSA that's affecting many? I know two people who had it, took about a year to recover, and both exhibited lung-infection-like symptoms.
Anyhow, hope this makes you feel better. }:D
Great. That would be icing on the cake, wouldn't it? 🙁 I'll talk to my doctor again next week if this doesn't clear up.
I'm not too worried about the cold yet, because my wife is almost fine. I guess here immune system is pretty good, and fortunately my daughter takes after her in this regardless.
I think I'm in my current state mainly out of my own neglect. I haven't been really sleeping that much, until sort of now that I have to. I've been too busy trying to get an application prototype done for a google developer challenge thats due in March. We need to publicity from this, not to mention any part of that $10million prize money would be nice seed money to a startup. Though, at the way things are currently progressing, we're probably not going to make it by the March deadline. Another crappy setback in 2008.
Thread hijack: tech junkies that are interested in the challenge:
http://code.google.com/android/adc.html
Deadline is 3/2, and I forgot February is a short month.
Don't ask about partnering with me and my team yet. One, we probably aren't going to make it by the deadline. Also, I'm a believer that the true motivator of getting sh!t done is a small team with stiff competition and very small odds of succeeding. I've been seeing some of the apps people are creating, and I can say a lot of examples from people from eastern europe are amazing. So like I said, the odds in the challenge are really stacked against you.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 16, 2008 at 7:40 AM #136680
Navydoc
ParticipantIf you had a Staph pneumonia (especially MRSA) I doubt you’d have the energy to post on this forum.
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January 16, 2008 at 7:40 AM #136879Participant
If you had a Staph pneumonia (especially MRSA) I doubt you’d have the energy to post on this forum.
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January 16, 2008 at 7:40 AM #136913Participant
If you had a Staph pneumonia (especially MRSA) I doubt you’d have the energy to post on this forum.
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January 16, 2008 at 7:40 AM #136939Participant
If you had a Staph pneumonia (especially MRSA) I doubt you’d have the energy to post on this forum.
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January 16, 2008 at 7:40 AM #136980Participant
If you had a Staph pneumonia (especially MRSA) I doubt you’d have the energy to post on this forum.
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January 16, 2008 at 6:20 AM #136874Participant
Bummer flu. Are you sure it's a lung infection and not this highly contagious, drug-resistant staph infection MRSA that's affecting many? I know two people who had it, took about a year to recover, and both exhibited lung-infection-like symptoms.
Anyhow, hope this makes you feel better. }:D
Great. That would be icing on the cake, wouldn't it? 🙁 I'll talk to my doctor again next week if this doesn't clear up.
I'm not too worried about the cold yet, because my wife is almost fine. I guess here immune system is pretty good, and fortunately my daughter takes after her in this regardless.
I think I'm in my current state mainly out of my own neglect. I haven't been really sleeping that much, until sort of now that I have to. I've been too busy trying to get an application prototype done for a google developer challenge thats due in March. We need to publicity from this, not to mention any part of that $10million prize money would be nice seed money to a startup. Though, at the way things are currently progressing, we're probably not going to make it by the March deadline. Another crappy setback in 2008.
Thread hijack: tech junkies that are interested in the challenge:
http://code.google.com/android/adc.html
Deadline is 3/2, and I forgot February is a short month.
Don't ask about partnering with me and my team yet. One, we probably aren't going to make it by the deadline. Also, I'm a believer that the true motivator of getting sh!t done is a small team with stiff competition and very small odds of succeeding. I've been seeing some of the apps people are creating, and I can say a lot of examples from people from eastern europe are amazing. So like I said, the odds in the challenge are really stacked against you.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 16, 2008 at 6:20 AM #136909Participant
Bummer flu. Are you sure it's a lung infection and not this highly contagious, drug-resistant staph infection MRSA that's affecting many? I know two people who had it, took about a year to recover, and both exhibited lung-infection-like symptoms.
Anyhow, hope this makes you feel better. }:D
Great. That would be icing on the cake, wouldn't it? 🙁 I'll talk to my doctor again next week if this doesn't clear up.
I'm not too worried about the cold yet, because my wife is almost fine. I guess here immune system is pretty good, and fortunately my daughter takes after her in this regardless.
I think I'm in my current state mainly out of my own neglect. I haven't been really sleeping that much, until sort of now that I have to. I've been too busy trying to get an application prototype done for a google developer challenge thats due in March. We need to publicity from this, not to mention any part of that $10million prize money would be nice seed money to a startup. Though, at the way things are currently progressing, we're probably not going to make it by the March deadline. Another crappy setback in 2008.
Thread hijack: tech junkies that are interested in the challenge:
http://code.google.com/android/adc.html
Deadline is 3/2, and I forgot February is a short month.
Don't ask about partnering with me and my team yet. One, we probably aren't going to make it by the deadline. Also, I'm a believer that the true motivator of getting sh!t done is a small team with stiff competition and very small odds of succeeding. I've been seeing some of the apps people are creating, and I can say a lot of examples from people from eastern europe are amazing. So like I said, the odds in the challenge are really stacked against you.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 16, 2008 at 6:20 AM #136934Participant
Bummer flu. Are you sure it's a lung infection and not this highly contagious, drug-resistant staph infection MRSA that's affecting many? I know two people who had it, took about a year to recover, and both exhibited lung-infection-like symptoms.
Anyhow, hope this makes you feel better. }:D
Great. That would be icing on the cake, wouldn't it? 🙁 I'll talk to my doctor again next week if this doesn't clear up.
I'm not too worried about the cold yet, because my wife is almost fine. I guess here immune system is pretty good, and fortunately my daughter takes after her in this regardless.
I think I'm in my current state mainly out of my own neglect. I haven't been really sleeping that much, until sort of now that I have to. I've been too busy trying to get an application prototype done for a google developer challenge thats due in March. We need to publicity from this, not to mention any part of that $10million prize money would be nice seed money to a startup. Though, at the way things are currently progressing, we're probably not going to make it by the March deadline. Another crappy setback in 2008.
Thread hijack: tech junkies that are interested in the challenge:
http://code.google.com/android/adc.html
Deadline is 3/2, and I forgot February is a short month.
Don't ask about partnering with me and my team yet. One, we probably aren't going to make it by the deadline. Also, I'm a believer that the true motivator of getting sh!t done is a small team with stiff competition and very small odds of succeeding. I've been seeing some of the apps people are creating, and I can say a lot of examples from people from eastern europe are amazing. So like I said, the odds in the challenge are really stacked against you.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 16, 2008 at 6:20 AM #136975Participant
Bummer flu. Are you sure it's a lung infection and not this highly contagious, drug-resistant staph infection MRSA that's affecting many? I know two people who had it, took about a year to recover, and both exhibited lung-infection-like symptoms.
Anyhow, hope this makes you feel better. }:D
Great. That would be icing on the cake, wouldn't it? 🙁 I'll talk to my doctor again next week if this doesn't clear up.
I'm not too worried about the cold yet, because my wife is almost fine. I guess here immune system is pretty good, and fortunately my daughter takes after her in this regardless.
I think I'm in my current state mainly out of my own neglect. I haven't been really sleeping that much, until sort of now that I have to. I've been too busy trying to get an application prototype done for a google developer challenge thats due in March. We need to publicity from this, not to mention any part of that $10million prize money would be nice seed money to a startup. Though, at the way things are currently progressing, we're probably not going to make it by the March deadline. Another crappy setback in 2008.
Thread hijack: tech junkies that are interested in the challenge:
http://code.google.com/android/adc.html
Deadline is 3/2, and I forgot February is a short month.
Don't ask about partnering with me and my team yet. One, we probably aren't going to make it by the deadline. Also, I'm a believer that the true motivator of getting sh!t done is a small team with stiff competition and very small odds of succeeding. I've been seeing some of the apps people are creating, and I can say a lot of examples from people from eastern europe are amazing. So like I said, the odds in the challenge are really stacked against you.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 15, 2008 at 8:18 PM #136731Participant
Bummer flu. Are you sure it’s a lung infection and not this highly contagious, drug-resistant staph infection MRSA that’s affecting many? I know two people who had it, took about a year to recover, and both exhibited lung-infection-like symptoms.
Anyhow, hope this makes you feel better. }:D
-
January 15, 2008 at 8:18 PM #136762Participant
Bummer flu. Are you sure it’s a lung infection and not this highly contagious, drug-resistant staph infection MRSA that’s affecting many? I know two people who had it, took about a year to recover, and both exhibited lung-infection-like symptoms.
Anyhow, hope this makes you feel better. }:D
-
January 15, 2008 at 8:18 PM #136789Participant
Bummer flu. Are you sure it’s a lung infection and not this highly contagious, drug-resistant staph infection MRSA that’s affecting many? I know two people who had it, took about a year to recover, and both exhibited lung-infection-like symptoms.
Anyhow, hope this makes you feel better. }:D
-
January 15, 2008 at 8:18 PM #136831Participant
Bummer flu. Are you sure it’s a lung infection and not this highly contagious, drug-resistant staph infection MRSA that’s affecting many? I know two people who had it, took about a year to recover, and both exhibited lung-infection-like symptoms.
Anyhow, hope this makes you feel better. }:D
-
January 16, 2008 at 6:20 PM #136899Participant
flu:
that’s crazy. god must really hate you…
there was a hundred point blip for about an hour today… does that count?
-
January 16, 2008 at 6:39 PM #136914
LookoutBelow
ParticipantHey Stocktradr….you ought to change your handle, to StockBuyr instead.
Iam a larger sized, full time daytrader and have been for over 12yrs…your posted trade positions are hideous and you show your ignorance when you post em.
If you ever wondered who was on the other side of your losing trades…it might have been me ;)…2008 has been WONDERFUL for the knowledgeable daytrader, volatlity is your friend. Since October 07, im up almost 570%. Im not bragging, im telling you this is what you can expect to do in a volatile market, if you know what youre doing. Trade the tape you got, not the one you "think" you got.
Good luck, youre gonna need it brotha …Bear markets are NO place for a newb.
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January 16, 2008 at 6:47 PM #136926Participant
LookoutBelow,
convince us you are more than hot air (“im up almost 770%”)
(Oh, yeah, ou were up 770% but now you edited your post AGAIN in the last minute lowering your still absurd claim to 570%)
Plainly state your predictions short, and long, for :
oil
indexes
currency
recessionIf you’re good, you won’t be afraid to prove it on here with your advance predictions.
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January 16, 2008 at 6:47 PM #137126Participant
LookoutBelow,
convince us you are more than hot air (“im up almost 770%”)
(Oh, yeah, ou were up 770% but now you edited your post AGAIN in the last minute lowering your still absurd claim to 570%)
Plainly state your predictions short, and long, for :
oil
indexes
currency
recessionIf you’re good, you won’t be afraid to prove it on here with your advance predictions.
-
January 16, 2008 at 6:47 PM #137157Participant
LookoutBelow,
convince us you are more than hot air (“im up almost 770%”)
(Oh, yeah, ou were up 770% but now you edited your post AGAIN in the last minute lowering your still absurd claim to 570%)
Plainly state your predictions short, and long, for :
oil
indexes
currency
recessionIf you’re good, you won’t be afraid to prove it on here with your advance predictions.
-
January 16, 2008 at 6:47 PM #137184Participant
LookoutBelow,
convince us you are more than hot air (“im up almost 770%”)
(Oh, yeah, ou were up 770% but now you edited your post AGAIN in the last minute lowering your still absurd claim to 570%)
Plainly state your predictions short, and long, for :
oil
indexes
currency
recessionIf you’re good, you won’t be afraid to prove it on here with your advance predictions.
-
January 16, 2008 at 6:47 PM #137224Participant
LookoutBelow,
convince us you are more than hot air (“im up almost 770%”)
(Oh, yeah, ou were up 770% but now you edited your post AGAIN in the last minute lowering your still absurd claim to 570%)
Plainly state your predictions short, and long, for :
oil
indexes
currency
recessionIf you’re good, you won’t be afraid to prove it on here with your advance predictions.
-
January 17, 2008 at 11:29 PM #137867
cooperthedog
ParticipantJust my two cents on all the ego in this thread & the 570% return (2280% annualized!). That is an improbable, and definitely unsustainable, yet *possible* return.
Even for a larger account (1M), assuming your trading very liquid securities (e.g. SPY which can trade 1-2 million shares a *minute*, 1M will buy ~7500 shares, so that level of capitalization won’t move the market). Of course, to make 570% in ETF’s in 3 months would be almost impossible.
The real question is how much risk did someone take to get such a high return? Assuming our friend did indeed get 570% return (wink wink), he would’ve had to trade derivatives, single securities, or use a foolish amount of leverage. I’m sure Chris, our resident futures expert, has seen gamblers rack up spectacular gains in a short timeframe using 20:1 leverage, only to end up completely ruined later.
There *are* more opportunities in volatile markets, especially the strongly trending intraday markets that have occurred, but with the added volatility comes additional risk…
One last point, it seems everyone loves to post how ignorant everyone else is, yet I’ve seen incorrect information posted from novices as well as the pros on this board, (and I’m sure I have as well). Over confidence & arrogance are not traits that play well with investing/trading. They will lead to poor results and frustration.
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January 17, 2008 at 11:53 PM #137884Participant
Well stockstradr said he threw in the towel, which IMO is a wise move right now. I’m really tempted to invest in quite a few companies but I’m holding back. The market is really unpredictable.
There are layoffs happening within at least one big tech company I know of. Sometimes layoffs get translated into “streamlining the company” or “cost-cutting” and the stock goes up, but in this climate I wouldn’t bet on it.
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January 17, 2008 at 11:53 PM #138089Participant
Well stockstradr said he threw in the towel, which IMO is a wise move right now. I’m really tempted to invest in quite a few companies but I’m holding back. The market is really unpredictable.
There are layoffs happening within at least one big tech company I know of. Sometimes layoffs get translated into “streamlining the company” or “cost-cutting” and the stock goes up, but in this climate I wouldn’t bet on it.
-
January 17, 2008 at 11:53 PM #138115Participant
Well stockstradr said he threw in the towel, which IMO is a wise move right now. I’m really tempted to invest in quite a few companies but I’m holding back. The market is really unpredictable.
There are layoffs happening within at least one big tech company I know of. Sometimes layoffs get translated into “streamlining the company” or “cost-cutting” and the stock goes up, but in this climate I wouldn’t bet on it.
-
January 17, 2008 at 11:53 PM #138143Participant
Well stockstradr said he threw in the towel, which IMO is a wise move right now. I’m really tempted to invest in quite a few companies but I’m holding back. The market is really unpredictable.
There are layoffs happening within at least one big tech company I know of. Sometimes layoffs get translated into “streamlining the company” or “cost-cutting” and the stock goes up, but in this climate I wouldn’t bet on it.
-
January 17, 2008 at 11:53 PM #138187Participant
Well stockstradr said he threw in the towel, which IMO is a wise move right now. I’m really tempted to invest in quite a few companies but I’m holding back. The market is really unpredictable.
There are layoffs happening within at least one big tech company I know of. Sometimes layoffs get translated into “streamlining the company” or “cost-cutting” and the stock goes up, but in this climate I wouldn’t bet on it.
-
January 17, 2008 at 11:29 PM #138074Participant
Just my two cents on all the ego in this thread & the 570% return (2280% annualized!). That is an improbable, and definitely unsustainable, yet *possible* return.
Even for a larger account (1M), assuming your trading very liquid securities (e.g. SPY which can trade 1-2 million shares a *minute*, 1M will buy ~7500 shares, so that level of capitalization won’t move the market). Of course, to make 570% in ETF’s in 3 months would be almost impossible.
The real question is how much risk did someone take to get such a high return? Assuming our friend did indeed get 570% return (wink wink), he would’ve had to trade derivatives, single securities, or use a foolish amount of leverage. I’m sure Chris, our resident futures expert, has seen gamblers rack up spectacular gains in a short timeframe using 20:1 leverage, only to end up completely ruined later.
There *are* more opportunities in volatile markets, especially the strongly trending intraday markets that have occurred, but with the added volatility comes additional risk…
One last point, it seems everyone loves to post how ignorant everyone else is, yet I’ve seen incorrect information posted from novices as well as the pros on this board, (and I’m sure I have as well). Over confidence & arrogance are not traits that play well with investing/trading. They will lead to poor results and frustration.
-
January 17, 2008 at 11:29 PM #138102Participant
Just my two cents on all the ego in this thread & the 570% return (2280% annualized!). That is an improbable, and definitely unsustainable, yet *possible* return.
Even for a larger account (1M), assuming your trading very liquid securities (e.g. SPY which can trade 1-2 million shares a *minute*, 1M will buy ~7500 shares, so that level of capitalization won’t move the market). Of course, to make 570% in ETF’s in 3 months would be almost impossible.
The real question is how much risk did someone take to get such a high return? Assuming our friend did indeed get 570% return (wink wink), he would’ve had to trade derivatives, single securities, or use a foolish amount of leverage. I’m sure Chris, our resident futures expert, has seen gamblers rack up spectacular gains in a short timeframe using 20:1 leverage, only to end up completely ruined later.
There *are* more opportunities in volatile markets, especially the strongly trending intraday markets that have occurred, but with the added volatility comes additional risk…
One last point, it seems everyone loves to post how ignorant everyone else is, yet I’ve seen incorrect information posted from novices as well as the pros on this board, (and I’m sure I have as well). Over confidence & arrogance are not traits that play well with investing/trading. They will lead to poor results and frustration.
-
January 17, 2008 at 11:29 PM #138128Participant
Just my two cents on all the ego in this thread & the 570% return (2280% annualized!). That is an improbable, and definitely unsustainable, yet *possible* return.
Even for a larger account (1M), assuming your trading very liquid securities (e.g. SPY which can trade 1-2 million shares a *minute*, 1M will buy ~7500 shares, so that level of capitalization won’t move the market). Of course, to make 570% in ETF’s in 3 months would be almost impossible.
The real question is how much risk did someone take to get such a high return? Assuming our friend did indeed get 570% return (wink wink), he would’ve had to trade derivatives, single securities, or use a foolish amount of leverage. I’m sure Chris, our resident futures expert, has seen gamblers rack up spectacular gains in a short timeframe using 20:1 leverage, only to end up completely ruined later.
There *are* more opportunities in volatile markets, especially the strongly trending intraday markets that have occurred, but with the added volatility comes additional risk…
One last point, it seems everyone loves to post how ignorant everyone else is, yet I’ve seen incorrect information posted from novices as well as the pros on this board, (and I’m sure I have as well). Over confidence & arrogance are not traits that play well with investing/trading. They will lead to poor results and frustration.
-
January 17, 2008 at 11:29 PM #138172Participant
Just my two cents on all the ego in this thread & the 570% return (2280% annualized!). That is an improbable, and definitely unsustainable, yet *possible* return.
Even for a larger account (1M), assuming your trading very liquid securities (e.g. SPY which can trade 1-2 million shares a *minute*, 1M will buy ~7500 shares, so that level of capitalization won’t move the market). Of course, to make 570% in ETF’s in 3 months would be almost impossible.
The real question is how much risk did someone take to get such a high return? Assuming our friend did indeed get 570% return (wink wink), he would’ve had to trade derivatives, single securities, or use a foolish amount of leverage. I’m sure Chris, our resident futures expert, has seen gamblers rack up spectacular gains in a short timeframe using 20:1 leverage, only to end up completely ruined later.
There *are* more opportunities in volatile markets, especially the strongly trending intraday markets that have occurred, but with the added volatility comes additional risk…
One last point, it seems everyone loves to post how ignorant everyone else is, yet I’ve seen incorrect information posted from novices as well as the pros on this board, (and I’m sure I have as well). Over confidence & arrogance are not traits that play well with investing/trading. They will lead to poor results and frustration.
-
January 16, 2008 at 6:39 PM #137116Participant
Hey Stocktradr….you ought to change your handle, to StockBuyr instead.
Iam a larger sized, full time daytrader and have been for over 12yrs…your posted trade positions are hideous and you show your ignorance when you post em.
If you ever wondered who was on the other side of your losing trades…it might have been me ;)…2008 has been WONDERFUL for the knowledgeable daytrader, volatlity is your friend. Since October 07, im up almost 570%. Im not bragging, im telling you this is what you can expect to do in a volatile market, if you know what youre doing. Trade the tape you got, not the one you "think" you got.
Good luck, youre gonna need it brotha …Bear markets are NO place for a newb.
-
January 16, 2008 at 6:39 PM #137147Participant
Hey Stocktradr….you ought to change your handle, to StockBuyr instead.
Iam a larger sized, full time daytrader and have been for over 12yrs…your posted trade positions are hideous and you show your ignorance when you post em.
If you ever wondered who was on the other side of your losing trades…it might have been me ;)…2008 has been WONDERFUL for the knowledgeable daytrader, volatlity is your friend. Since October 07, im up almost 570%. Im not bragging, im telling you this is what you can expect to do in a volatile market, if you know what youre doing. Trade the tape you got, not the one you "think" you got.
Good luck, youre gonna need it brotha …Bear markets are NO place for a newb.
-
January 16, 2008 at 6:39 PM #137174Participant
Hey Stocktradr….you ought to change your handle, to StockBuyr instead.
Iam a larger sized, full time daytrader and have been for over 12yrs…your posted trade positions are hideous and you show your ignorance when you post em.
If you ever wondered who was on the other side of your losing trades…it might have been me ;)…2008 has been WONDERFUL for the knowledgeable daytrader, volatlity is your friend. Since October 07, im up almost 570%. Im not bragging, im telling you this is what you can expect to do in a volatile market, if you know what youre doing. Trade the tape you got, not the one you "think" you got.
Good luck, youre gonna need it brotha …Bear markets are NO place for a newb.
-
January 16, 2008 at 6:39 PM #137214Participant
Hey Stocktradr….you ought to change your handle, to StockBuyr instead.
Iam a larger sized, full time daytrader and have been for over 12yrs…your posted trade positions are hideous and you show your ignorance when you post em.
If you ever wondered who was on the other side of your losing trades…it might have been me ;)…2008 has been WONDERFUL for the knowledgeable daytrader, volatlity is your friend. Since October 07, im up almost 570%. Im not bragging, im telling you this is what you can expect to do in a volatile market, if you know what youre doing. Trade the tape you got, not the one you "think" you got.
Good luck, youre gonna need it brotha …Bear markets are NO place for a newb.
-
January 16, 2008 at 6:20 PM #137101Participant
flu:
that’s crazy. god must really hate you…
there was a hundred point blip for about an hour today… does that count?
-
January 16, 2008 at 6:20 PM #137132Participant
flu:
that’s crazy. god must really hate you…
there was a hundred point blip for about an hour today… does that count?
-
January 16, 2008 at 6:20 PM #137158Participant
flu:
that’s crazy. god must really hate you…
there was a hundred point blip for about an hour today… does that count?
-
January 16, 2008 at 6:20 PM #137197Participant
flu:
that’s crazy. god must really hate you…
there was a hundred point blip for about an hour today… does that count?
-
January 15, 2008 at 7:56 PM #136721Participant
dow dipped below 12500 today, last time it touched 12.5, it shot back up. computerized trades probably? broke the floor today?
after hours, it's lower, but not omfgiddhutbap. they've been rumoring about an emergency cut all day as well. defribulate the ol stock market a little? or tomorrow's jp morgan and merrill numbers are going to be stupid ugly?
With all due respect to people shorting the markets. I do hope we get a short term rebound. I normally don't wish for this, but 2008 hasn't been a terribly great start to begin with in general, and any thing going in the right direction would break this apparent sh!tstorm I seem to be caught in.
It's only been 15days into the month and so far my accomplishments have been…
1)Both my wife and I have been sick with the same lung infection
2)Got into another dispute with a neighbor, yet managed to get citecd by my HOA for some bullsh!t thing. Not a really big deal.
3)Managed to close the garage door on my wife's car (forgetting Ileft the hatch open) doh!
4)Got stopped by CHP..twice..by the same officer.. ..though both times were let of with warnings…
5)Dropped a bottle of bleach on a carpet without realizing it was there until a few days later.
6)Fell off a ladder while trying to remove christmas lights (note to self, trying to reposition the ladder while still on it is a d*mbass move, especially with a phenomena called "gravity")
7) Going through a company reorg….again……
8) Had a nice winter storm that sort of flooded a few places where the outdoor drain didn't really work.
Oh, yeah, and the markets are really down. Almost forgot about that.
Ironically, my bitter meter was still reading a 2, though it's starting to share a tad bit of "3" after closing the garage door on my wife's car..though the the good news was, it was her car, and not mine 🙂
When the sh!t snows, it really snows. And lately, I feel like staying in bed and not crawling out until…2009…. Lol…Again, that's why I don't take things that seriously.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 15, 2008 at 7:56 PM #136752Participant
dow dipped below 12500 today, last time it touched 12.5, it shot back up. computerized trades probably? broke the floor today?
after hours, it's lower, but not omfgiddhutbap. they've been rumoring about an emergency cut all day as well. defribulate the ol stock market a little? or tomorrow's jp morgan and merrill numbers are going to be stupid ugly?
With all due respect to people shorting the markets. I do hope we get a short term rebound. I normally don't wish for this, but 2008 hasn't been a terribly great start to begin with in general, and any thing going in the right direction would break this apparent sh!tstorm I seem to be caught in.
It's only been 15days into the month and so far my accomplishments have been…
1)Both my wife and I have been sick with the same lung infection
2)Got into another dispute with a neighbor, yet managed to get citecd by my HOA for some bullsh!t thing. Not a really big deal.
3)Managed to close the garage door on my wife's car (forgetting Ileft the hatch open) doh!
4)Got stopped by CHP..twice..by the same officer.. ..though both times were let of with warnings…
5)Dropped a bottle of bleach on a carpet without realizing it was there until a few days later.
6)Fell off a ladder while trying to remove christmas lights (note to self, trying to reposition the ladder while still on it is a d*mbass move, especially with a phenomena called "gravity")
7) Going through a company reorg….again……
8) Had a nice winter storm that sort of flooded a few places where the outdoor drain didn't really work.
Oh, yeah, and the markets are really down. Almost forgot about that.
Ironically, my bitter meter was still reading a 2, though it's starting to share a tad bit of "3" after closing the garage door on my wife's car..though the the good news was, it was her car, and not mine 🙂
When the sh!t snows, it really snows. And lately, I feel like staying in bed and not crawling out until…2009…. Lol…Again, that's why I don't take things that seriously.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 15, 2008 at 7:56 PM #136780Participant
dow dipped below 12500 today, last time it touched 12.5, it shot back up. computerized trades probably? broke the floor today?
after hours, it's lower, but not omfgiddhutbap. they've been rumoring about an emergency cut all day as well. defribulate the ol stock market a little? or tomorrow's jp morgan and merrill numbers are going to be stupid ugly?
With all due respect to people shorting the markets. I do hope we get a short term rebound. I normally don't wish for this, but 2008 hasn't been a terribly great start to begin with in general, and any thing going in the right direction would break this apparent sh!tstorm I seem to be caught in.
It's only been 15days into the month and so far my accomplishments have been…
1)Both my wife and I have been sick with the same lung infection
2)Got into another dispute with a neighbor, yet managed to get citecd by my HOA for some bullsh!t thing. Not a really big deal.
3)Managed to close the garage door on my wife's car (forgetting Ileft the hatch open) doh!
4)Got stopped by CHP..twice..by the same officer.. ..though both times were let of with warnings…
5)Dropped a bottle of bleach on a carpet without realizing it was there until a few days later.
6)Fell off a ladder while trying to remove christmas lights (note to self, trying to reposition the ladder while still on it is a d*mbass move, especially with a phenomena called "gravity")
7) Going through a company reorg….again……
8) Had a nice winter storm that sort of flooded a few places where the outdoor drain didn't really work.
Oh, yeah, and the markets are really down. Almost forgot about that.
Ironically, my bitter meter was still reading a 2, though it's starting to share a tad bit of "3" after closing the garage door on my wife's car..though the the good news was, it was her car, and not mine 🙂
When the sh!t snows, it really snows. And lately, I feel like staying in bed and not crawling out until…2009…. Lol…Again, that's why I don't take things that seriously.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 15, 2008 at 7:56 PM #136821Participant
dow dipped below 12500 today, last time it touched 12.5, it shot back up. computerized trades probably? broke the floor today?
after hours, it's lower, but not omfgiddhutbap. they've been rumoring about an emergency cut all day as well. defribulate the ol stock market a little? or tomorrow's jp morgan and merrill numbers are going to be stupid ugly?
With all due respect to people shorting the markets. I do hope we get a short term rebound. I normally don't wish for this, but 2008 hasn't been a terribly great start to begin with in general, and any thing going in the right direction would break this apparent sh!tstorm I seem to be caught in.
It's only been 15days into the month and so far my accomplishments have been…
1)Both my wife and I have been sick with the same lung infection
2)Got into another dispute with a neighbor, yet managed to get citecd by my HOA for some bullsh!t thing. Not a really big deal.
3)Managed to close the garage door on my wife's car (forgetting Ileft the hatch open) doh!
4)Got stopped by CHP..twice..by the same officer.. ..though both times were let of with warnings…
5)Dropped a bottle of bleach on a carpet without realizing it was there until a few days later.
6)Fell off a ladder while trying to remove christmas lights (note to self, trying to reposition the ladder while still on it is a d*mbass move, especially with a phenomena called "gravity")
7) Going through a company reorg….again……
8) Had a nice winter storm that sort of flooded a few places where the outdoor drain didn't really work.
Oh, yeah, and the markets are really down. Almost forgot about that.
Ironically, my bitter meter was still reading a 2, though it's starting to share a tad bit of "3" after closing the garage door on my wife's car..though the the good news was, it was her car, and not mine 🙂
When the sh!t snows, it really snows. And lately, I feel like staying in bed and not crawling out until…2009…. Lol…Again, that's why I don't take things that seriously.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 15, 2008 at 6:50 PM #136710Participant
dow dipped below 12500 today, last time it touched 12.5, it shot back up. computerized trades probably? broke the floor today?
after hours, it’s lower, but not omfgiddhutbap. they’ve been rumoring about an emergency cut all day as well. defribulate the ol stock market a little? or tomorrow’s jp morgan and merrill numbers are going to be stupid ugly?
-
January 15, 2008 at 6:50 PM #136742Participant
dow dipped below 12500 today, last time it touched 12.5, it shot back up. computerized trades probably? broke the floor today?
after hours, it’s lower, but not omfgiddhutbap. they’ve been rumoring about an emergency cut all day as well. defribulate the ol stock market a little? or tomorrow’s jp morgan and merrill numbers are going to be stupid ugly?
-
January 15, 2008 at 6:50 PM #136771Participant
dow dipped below 12500 today, last time it touched 12.5, it shot back up. computerized trades probably? broke the floor today?
after hours, it’s lower, but not omfgiddhutbap. they’ve been rumoring about an emergency cut all day as well. defribulate the ol stock market a little? or tomorrow’s jp morgan and merrill numbers are going to be stupid ugly?
-
January 15, 2008 at 6:50 PM #136811Participant
dow dipped below 12500 today, last time it touched 12.5, it shot back up. computerized trades probably? broke the floor today?
after hours, it’s lower, but not omfgiddhutbap. they’ve been rumoring about an emergency cut all day as well. defribulate the ol stock market a little? or tomorrow’s jp morgan and merrill numbers are going to be stupid ugly?
-
January 15, 2008 at 6:26 PM #136699Participant
I consider myself deeply in a hole because I didn’t short homebuilders and didn’t short Countrywide. Other than that I’m OK.
BTW there’s talk about emergency Fed meeting going on right now and a possibility of either a sharply lower opening or an emergency rate cut before market open tomorrow.
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January 15, 2008 at 6:26 PM #136732Participant
I consider myself deeply in a hole because I didn’t short homebuilders and didn’t short Countrywide. Other than that I’m OK.
BTW there’s talk about emergency Fed meeting going on right now and a possibility of either a sharply lower opening or an emergency rate cut before market open tomorrow.
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January 15, 2008 at 6:26 PM #136759Participant
I consider myself deeply in a hole because I didn’t short homebuilders and didn’t short Countrywide. Other than that I’m OK.
BTW there’s talk about emergency Fed meeting going on right now and a possibility of either a sharply lower opening or an emergency rate cut before market open tomorrow.
-
January 15, 2008 at 6:26 PM #136800Participant
I consider myself deeply in a hole because I didn’t short homebuilders and didn’t short Countrywide. Other than that I’m OK.
BTW there’s talk about emergency Fed meeting going on right now and a possibility of either a sharply lower opening or an emergency rate cut before market open tomorrow.
-
January 15, 2008 at 6:07 PM #136683Participant
“I’m curious. Who here is in a hole for 2008? Come on fess up….”
Only a few hundred, and despite the negligible amount, quite annoyed for some reason.
Guess I should be happy considering the current circumstances.
-
January 15, 2008 at 6:07 PM #136717Participant
“I’m curious. Who here is in a hole for 2008? Come on fess up….”
Only a few hundred, and despite the negligible amount, quite annoyed for some reason.
Guess I should be happy considering the current circumstances.
-
January 15, 2008 at 6:07 PM #136744Participant
“I’m curious. Who here is in a hole for 2008? Come on fess up….”
Only a few hundred, and despite the negligible amount, quite annoyed for some reason.
Guess I should be happy considering the current circumstances.
-
January 15, 2008 at 6:07 PM #136783Participant
“I’m curious. Who here is in a hole for 2008? Come on fess up….”
Only a few hundred, and despite the negligible amount, quite annoyed for some reason.
Guess I should be happy considering the current circumstances.
-
January 15, 2008 at 4:56 PM #136648Participant
stockstradr ,
Don't take it personally. I just find people's trading patterns pretty entertaining. Usually people feel they're on top of the world when the market's in the direction they are positioned in. Very few people like to talk about days when they 20%+ down.
I have a simple rule about who is professional and who isn't. Professional traders that I have met never post their trades with 99% conviction they are right. Just like pro poker players don't talk about their hands.
I won't be jabbing at you about DUG, since I'm pretty much knee deep in this one myself, though it may be an issue when/if there's that 50pt basis cut if anyday now.
I'm curious. Who here is in a hole for 2008? Come on fess up…. Me first, I'm $40k in the hole right now, going on $60k if intel opens at the price that it traded ah, despite even sinking more money in today. I should post my holdings so real people that want to make money can just do the opposite of what I do, and we can split the profits 50/50 LOL.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 15, 2008 at 4:56 PM #136682Participant
stockstradr ,
Don't take it personally. I just find people's trading patterns pretty entertaining. Usually people feel they're on top of the world when the market's in the direction they are positioned in. Very few people like to talk about days when they 20%+ down.
I have a simple rule about who is professional and who isn't. Professional traders that I have met never post their trades with 99% conviction they are right. Just like pro poker players don't talk about their hands.
I won't be jabbing at you about DUG, since I'm pretty much knee deep in this one myself, though it may be an issue when/if there's that 50pt basis cut if anyday now.
I'm curious. Who here is in a hole for 2008? Come on fess up…. Me first, I'm $40k in the hole right now, going on $60k if intel opens at the price that it traded ah, despite even sinking more money in today. I should post my holdings so real people that want to make money can just do the opposite of what I do, and we can split the profits 50/50 LOL.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 15, 2008 at 4:56 PM #136709Participant
stockstradr ,
Don't take it personally. I just find people's trading patterns pretty entertaining. Usually people feel they're on top of the world when the market's in the direction they are positioned in. Very few people like to talk about days when they 20%+ down.
I have a simple rule about who is professional and who isn't. Professional traders that I have met never post their trades with 99% conviction they are right. Just like pro poker players don't talk about their hands.
I won't be jabbing at you about DUG, since I'm pretty much knee deep in this one myself, though it may be an issue when/if there's that 50pt basis cut if anyday now.
I'm curious. Who here is in a hole for 2008? Come on fess up…. Me first, I'm $40k in the hole right now, going on $60k if intel opens at the price that it traded ah, despite even sinking more money in today. I should post my holdings so real people that want to make money can just do the opposite of what I do, and we can split the profits 50/50 LOL.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 15, 2008 at 4:56 PM #136748Participant
stockstradr ,
Don't take it personally. I just find people's trading patterns pretty entertaining. Usually people feel they're on top of the world when the market's in the direction they are positioned in. Very few people like to talk about days when they 20%+ down.
I have a simple rule about who is professional and who isn't. Professional traders that I have met never post their trades with 99% conviction they are right. Just like pro poker players don't talk about their hands.
I won't be jabbing at you about DUG, since I'm pretty much knee deep in this one myself, though it may be an issue when/if there's that 50pt basis cut if anyday now.
I'm curious. Who here is in a hole for 2008? Come on fess up…. Me first, I'm $40k in the hole right now, going on $60k if intel opens at the price that it traded ah, despite even sinking more money in today. I should post my holdings so real people that want to make money can just do the opposite of what I do, and we can split the profits 50/50 LOL.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 15, 2008 at 5:09 PM #136460
sdappraiser
ParticipantStockstradr,
Post your trade tickets (remove your personal info) or go away. Your credibility is shot and your trading strategies suspect with all your inconsistencies.
4 months ago you didn’t know the difference between an ETF and a mutual fund. It sounds like you still don’t understand what DUG is because you are not short OIL you are effectivly short XOM and CVX (40%) and 84 other energy stocks.
http://www.proshares.com/funds/dug.html?Index
Get a clue.
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January 15, 2008 at 5:26 PM #136469Participant
Let’s not talk about 2007 *ahem*, although my retirement stuff grew, thankfully. Part of me wants to expound on the first half of that statement, but the rest of me wants to club that part like a baby seal.
Anyway, for 2008, I still like puts/shorts on EEM. Buy on a rally after the Fed cuts. There is no way those markets stay hot if we roll over. No. Way.
Plus EEM was just about the one sure-fire pick of every money guy on CNBC around Jan 1, and that’s often the kiss of death.
That said, keep your stops tight on that kind of trade, always.
-
January 15, 2008 at 5:26 PM #136669Participant
Let’s not talk about 2007 *ahem*, although my retirement stuff grew, thankfully. Part of me wants to expound on the first half of that statement, but the rest of me wants to club that part like a baby seal.
Anyway, for 2008, I still like puts/shorts on EEM. Buy on a rally after the Fed cuts. There is no way those markets stay hot if we roll over. No. Way.
Plus EEM was just about the one sure-fire pick of every money guy on CNBC around Jan 1, and that’s often the kiss of death.
That said, keep your stops tight on that kind of trade, always.
-
January 15, 2008 at 5:26 PM #136702Participant
Let’s not talk about 2007 *ahem*, although my retirement stuff grew, thankfully. Part of me wants to expound on the first half of that statement, but the rest of me wants to club that part like a baby seal.
Anyway, for 2008, I still like puts/shorts on EEM. Buy on a rally after the Fed cuts. There is no way those markets stay hot if we roll over. No. Way.
Plus EEM was just about the one sure-fire pick of every money guy on CNBC around Jan 1, and that’s often the kiss of death.
That said, keep your stops tight on that kind of trade, always.
-
January 15, 2008 at 5:26 PM #136729Participant
Let’s not talk about 2007 *ahem*, although my retirement stuff grew, thankfully. Part of me wants to expound on the first half of that statement, but the rest of me wants to club that part like a baby seal.
Anyway, for 2008, I still like puts/shorts on EEM. Buy on a rally after the Fed cuts. There is no way those markets stay hot if we roll over. No. Way.
Plus EEM was just about the one sure-fire pick of every money guy on CNBC around Jan 1, and that’s often the kiss of death.
That said, keep your stops tight on that kind of trade, always.
-
January 15, 2008 at 5:26 PM #136768Participant
Let’s not talk about 2007 *ahem*, although my retirement stuff grew, thankfully. Part of me wants to expound on the first half of that statement, but the rest of me wants to club that part like a baby seal.
Anyway, for 2008, I still like puts/shorts on EEM. Buy on a rally after the Fed cuts. There is no way those markets stay hot if we roll over. No. Way.
Plus EEM was just about the one sure-fire pick of every money guy on CNBC around Jan 1, and that’s often the kiss of death.
That said, keep your stops tight on that kind of trade, always.
-
January 15, 2008 at 5:09 PM #136658Participant
Stockstradr,
Post your trade tickets (remove your personal info) or go away. Your credibility is shot and your trading strategies suspect with all your inconsistencies.
4 months ago you didn’t know the difference between an ETF and a mutual fund. It sounds like you still don’t understand what DUG is because you are not short OIL you are effectivly short XOM and CVX (40%) and 84 other energy stocks.
http://www.proshares.com/funds/dug.html?Index
Get a clue.
-
January 15, 2008 at 5:09 PM #136692Participant
Stockstradr,
Post your trade tickets (remove your personal info) or go away. Your credibility is shot and your trading strategies suspect with all your inconsistencies.
4 months ago you didn’t know the difference between an ETF and a mutual fund. It sounds like you still don’t understand what DUG is because you are not short OIL you are effectivly short XOM and CVX (40%) and 84 other energy stocks.
http://www.proshares.com/funds/dug.html?Index
Get a clue.
-
January 15, 2008 at 5:09 PM #136719Participant
Stockstradr,
Post your trade tickets (remove your personal info) or go away. Your credibility is shot and your trading strategies suspect with all your inconsistencies.
4 months ago you didn’t know the difference between an ETF and a mutual fund. It sounds like you still don’t understand what DUG is because you are not short OIL you are effectivly short XOM and CVX (40%) and 84 other energy stocks.
http://www.proshares.com/funds/dug.html?Index
Get a clue.
-
January 15, 2008 at 5:09 PM #136758Participant
Stockstradr,
Post your trade tickets (remove your personal info) or go away. Your credibility is shot and your trading strategies suspect with all your inconsistencies.
4 months ago you didn’t know the difference between an ETF and a mutual fund. It sounds like you still don’t understand what DUG is because you are not short OIL you are effectivly short XOM and CVX (40%) and 84 other energy stocks.
http://www.proshares.com/funds/dug.html?Index
Get a clue.
-
January 15, 2008 at 4:14 PM #136622Participant
Well, the markets dropped another 1% after I took those long positions. I’m starting to feel a Fool for trying to swim against an obviously bearish current.
As as for stating in this thread I closed short positions,I meant the collections of puts I was still holding on the indexes as the market opened. I sold to close all those positions when the market was down about 2% today. That was obviously a mistake, as the markets continued to tumble downward. On the puts I netted only about 25% gain across the positions because profits were diluted by a loss on two of them (QQQ JAN08 42, and QQQ JAN08 44) which I bought waaaay too early. (Of course, those two could still slide “in the money” if the markets drop “merely” another 5% to 7% in the next THREE days!) Fat chance.
You recall I shorted oil. You better get your jabs and insults in quick on that, because the market is moving fast in my favor now. Oil inventories are rising, as I expected, because we’re heading into a global recession. Oil has come down off the $100/bbl peak. However, I’ve got a ways to go because I shorted it at $83/bbl, clearly not one of my smarter moves.
-
January 15, 2008 at 4:14 PM #136657Participant
Well, the markets dropped another 1% after I took those long positions. I’m starting to feel a Fool for trying to swim against an obviously bearish current.
As as for stating in this thread I closed short positions,I meant the collections of puts I was still holding on the indexes as the market opened. I sold to close all those positions when the market was down about 2% today. That was obviously a mistake, as the markets continued to tumble downward. On the puts I netted only about 25% gain across the positions because profits were diluted by a loss on two of them (QQQ JAN08 42, and QQQ JAN08 44) which I bought waaaay too early. (Of course, those two could still slide “in the money” if the markets drop “merely” another 5% to 7% in the next THREE days!) Fat chance.
You recall I shorted oil. You better get your jabs and insults in quick on that, because the market is moving fast in my favor now. Oil inventories are rising, as I expected, because we’re heading into a global recession. Oil has come down off the $100/bbl peak. However, I’ve got a ways to go because I shorted it at $83/bbl, clearly not one of my smarter moves.
-
January 15, 2008 at 4:14 PM #136684Participant
Well, the markets dropped another 1% after I took those long positions. I’m starting to feel a Fool for trying to swim against an obviously bearish current.
As as for stating in this thread I closed short positions,I meant the collections of puts I was still holding on the indexes as the market opened. I sold to close all those positions when the market was down about 2% today. That was obviously a mistake, as the markets continued to tumble downward. On the puts I netted only about 25% gain across the positions because profits were diluted by a loss on two of them (QQQ JAN08 42, and QQQ JAN08 44) which I bought waaaay too early. (Of course, those two could still slide “in the money” if the markets drop “merely” another 5% to 7% in the next THREE days!) Fat chance.
You recall I shorted oil. You better get your jabs and insults in quick on that, because the market is moving fast in my favor now. Oil inventories are rising, as I expected, because we’re heading into a global recession. Oil has come down off the $100/bbl peak. However, I’ve got a ways to go because I shorted it at $83/bbl, clearly not one of my smarter moves.
-
January 15, 2008 at 4:14 PM #136724Participant
Well, the markets dropped another 1% after I took those long positions. I’m starting to feel a Fool for trying to swim against an obviously bearish current.
As as for stating in this thread I closed short positions,I meant the collections of puts I was still holding on the indexes as the market opened. I sold to close all those positions when the market was down about 2% today. That was obviously a mistake, as the markets continued to tumble downward. On the puts I netted only about 25% gain across the positions because profits were diluted by a loss on two of them (QQQ JAN08 42, and QQQ JAN08 44) which I bought waaaay too early. (Of course, those two could still slide “in the money” if the markets drop “merely” another 5% to 7% in the next THREE days!) Fat chance.
You recall I shorted oil. You better get your jabs and insults in quick on that, because the market is moving fast in my favor now. Oil inventories are rising, as I expected, because we’re heading into a global recession. Oil has come down off the $100/bbl peak. However, I’ve got a ways to go because I shorted it at $83/bbl, clearly not one of my smarter moves.
-
January 15, 2008 at 3:05 PM #136589Participant
$17 stop 🙂
Listening to con-call. it's pretty interesting. Seems like they are dancing around questions regarding gross margins in q1 2008, despite launching a new chips based on 45 process and expected ditching the NOR unit. Seems like they are buffering in case the recession affects them worse than they expect, so they can at least meet next Q's estimates. Of course, they in the past have tripped up and even came short on their own estimates by 0.01 to 0.02 cents like we're seeing today. dumbasses.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 15, 2008 at 3:05 PM #136623Participant
$17 stop 🙂
Listening to con-call. it's pretty interesting. Seems like they are dancing around questions regarding gross margins in q1 2008, despite launching a new chips based on 45 process and expected ditching the NOR unit. Seems like they are buffering in case the recession affects them worse than they expect, so they can at least meet next Q's estimates. Of course, they in the past have tripped up and even came short on their own estimates by 0.01 to 0.02 cents like we're seeing today. dumbasses.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 15, 2008 at 3:05 PM #136650Participant
$17 stop 🙂
Listening to con-call. it's pretty interesting. Seems like they are dancing around questions regarding gross margins in q1 2008, despite launching a new chips based on 45 process and expected ditching the NOR unit. Seems like they are buffering in case the recession affects them worse than they expect, so they can at least meet next Q's estimates. Of course, they in the past have tripped up and even came short on their own estimates by 0.01 to 0.02 cents like we're seeing today. dumbasses.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 15, 2008 at 3:05 PM #136690Participant
$17 stop 🙂
Listening to con-call. it's pretty interesting. Seems like they are dancing around questions regarding gross margins in q1 2008, despite launching a new chips based on 45 process and expected ditching the NOR unit. Seems like they are buffering in case the recession affects them worse than they expect, so they can at least meet next Q's estimates. Of course, they in the past have tripped up and even came short on their own estimates by 0.01 to 0.02 cents like we're seeing today. dumbasses.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
-
January 15, 2008 at 2:51 PM #136585Participant
Onions!
But please tell me you have a stop in place, just in case.
-
January 15, 2008 at 2:51 PM #136619Participant
Onions!
But please tell me you have a stop in place, just in case.
-
January 15, 2008 at 2:51 PM #136645Participant
Onions!
But please tell me you have a stop in place, just in case.
-
January 15, 2008 at 2:51 PM #136685Participant
Onions!
But please tell me you have a stop in place, just in case.
-
-
January 15, 2008 at 2:07 PM #136550Participant
Let me guess stockstrader.. You sold your longs and went short right before the intel announcement 🙂
Just both a 1000 shares of intel after hours at 19.44. prior to the con-call. I don't know. I got a feeling they got something up their sleeve. Either that, or they are really bad at expectation management. Oh wait, they do suck at expectation management. Oh well, long term investment these are 🙂
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 15, 2008 at 2:07 PM #136583Participant
Let me guess stockstrader.. You sold your longs and went short right before the intel announcement 🙂
Just both a 1000 shares of intel after hours at 19.44. prior to the con-call. I don't know. I got a feeling they got something up their sleeve. Either that, or they are really bad at expectation management. Oh wait, they do suck at expectation management. Oh well, long term investment these are 🙂
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 15, 2008 at 2:07 PM #136610Participant
Let me guess stockstrader.. You sold your longs and went short right before the intel announcement 🙂
Just both a 1000 shares of intel after hours at 19.44. prior to the con-call. I don't know. I got a feeling they got something up their sleeve. Either that, or they are really bad at expectation management. Oh wait, they do suck at expectation management. Oh well, long term investment these are 🙂
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 15, 2008 at 2:07 PM #136651Participant
Let me guess stockstrader.. You sold your longs and went short right before the intel announcement 🙂
Just both a 1000 shares of intel after hours at 19.44. prior to the con-call. I don't know. I got a feeling they got something up their sleeve. Either that, or they are really bad at expectation management. Oh wait, they do suck at expectation management. Oh well, long term investment these are 🙂
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 16, 2008 at 7:44 AM #136686Participant
oooo… Got to love waking up to this 🙂
INTEL CORP INTEL CORP 4,818.5331 $19.891 -2.80 $95,840.62 -$13,491.89 [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 16, 2008 at 8:24 AM #136711Participant
To top it off, some are reporting the worst inflation in 17 years:
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January 16, 2008 at 8:57 AM #136730Participant
EEV is up another 7% or so, but I’d be careful there. Let the Fed do it’s thing, wait a bit, then jump at EEV. If you had the foresight to buy at COB Mon, though, congrats.
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January 16, 2008 at 3:08 PM #136766
cr
ParticipantThe FED may be a little reticent on lowering rates now:
< a href='http://us.rd.yahoo.com/finance/news/topnews;_ylt=AoZ1blFSESNtp63V6Ija0iK7YWsA/*http://biz.yahoo.com/ap/080116/economy.html'>Inflation Rate is Worst in 17 Years- AP
“Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas. Meanwhile, industrial output was flat in December, more evidence of a significant slowdown in the economy.”
The FED can pretend core inflation is all the matters, but that doesn’t mean the dollar won’t become worthless, or that it’s not their job to protect it.
Makes me wonder if once they realize we’re in a recession, unemployment above 5%, the dollar at it’s weakest in decades, and inflation the highest in decades, if the FED might actually do what’s right and raise rates…
-
January 16, 2008 at 6:13 PM #136894Participant
Well, I tossed in the towel, deciding I don’t know where markets are headed during the next few weeks ahead of the expected rate drop.
So sold the long position I picked up yesterday in the ETF “SSO”
I have dumped my gold yesterday and today, seeing this pullback continuing in gold
I’m now entirely in cash, except for that short position against the oil sector I’m holding with the ETF “DUG.” That strategy is now moving very fast in my favor with the oil price having come down off the $100 mark, and inventories are rising. Several weeks ago, I was down -16% on that bet, but that negative has now turned slightly positive.
So the only SHORT-TERM bet I’m confident on is shorting oil. Demand is already dropping as this recession rolls in like a dark cloud. Yet I emphasize that long-term I see oil headed UP.
I’m in a wait-and-see holding pattern regards the indices, because my instincts are for a short-term rise ~5% ahead of the fed funds rate cut, but I’m only guessing not willing (anymore) to bet my money on it. However, as soon as I see these indexes pop up ~5% then I’ll buy short positions again on the indexes. I’m expecting that this deep recession will take the markets down eventually this year to declines another 20% lower than present values!
Summary for 2008: I made money on gold, shorting the S&P 500, puts on the NASDAQ. I’m now flat on the bet against oil. Since late Dec 2007 to now, net I’m up 20% over my portfolio. I can’t complain about that.
-
January 16, 2008 at 6:13 PM #137096Participant
Well, I tossed in the towel, deciding I don’t know where markets are headed during the next few weeks ahead of the expected rate drop.
So sold the long position I picked up yesterday in the ETF “SSO”
I have dumped my gold yesterday and today, seeing this pullback continuing in gold
I’m now entirely in cash, except for that short position against the oil sector I’m holding with the ETF “DUG.” That strategy is now moving very fast in my favor with the oil price having come down off the $100 mark, and inventories are rising. Several weeks ago, I was down -16% on that bet, but that negative has now turned slightly positive.
So the only SHORT-TERM bet I’m confident on is shorting oil. Demand is already dropping as this recession rolls in like a dark cloud. Yet I emphasize that long-term I see oil headed UP.
I’m in a wait-and-see holding pattern regards the indices, because my instincts are for a short-term rise ~5% ahead of the fed funds rate cut, but I’m only guessing not willing (anymore) to bet my money on it. However, as soon as I see these indexes pop up ~5% then I’ll buy short positions again on the indexes. I’m expecting that this deep recession will take the markets down eventually this year to declines another 20% lower than present values!
Summary for 2008: I made money on gold, shorting the S&P 500, puts on the NASDAQ. I’m now flat on the bet against oil. Since late Dec 2007 to now, net I’m up 20% over my portfolio. I can’t complain about that.
-
January 16, 2008 at 6:13 PM #137127Participant
Well, I tossed in the towel, deciding I don’t know where markets are headed during the next few weeks ahead of the expected rate drop.
So sold the long position I picked up yesterday in the ETF “SSO”
I have dumped my gold yesterday and today, seeing this pullback continuing in gold
I’m now entirely in cash, except for that short position against the oil sector I’m holding with the ETF “DUG.” That strategy is now moving very fast in my favor with the oil price having come down off the $100 mark, and inventories are rising. Several weeks ago, I was down -16% on that bet, but that negative has now turned slightly positive.
So the only SHORT-TERM bet I’m confident on is shorting oil. Demand is already dropping as this recession rolls in like a dark cloud. Yet I emphasize that long-term I see oil headed UP.
I’m in a wait-and-see holding pattern regards the indices, because my instincts are for a short-term rise ~5% ahead of the fed funds rate cut, but I’m only guessing not willing (anymore) to bet my money on it. However, as soon as I see these indexes pop up ~5% then I’ll buy short positions again on the indexes. I’m expecting that this deep recession will take the markets down eventually this year to declines another 20% lower than present values!
Summary for 2008: I made money on gold, shorting the S&P 500, puts on the NASDAQ. I’m now flat on the bet against oil. Since late Dec 2007 to now, net I’m up 20% over my portfolio. I can’t complain about that.
-
January 16, 2008 at 6:13 PM #137154Participant
Well, I tossed in the towel, deciding I don’t know where markets are headed during the next few weeks ahead of the expected rate drop.
So sold the long position I picked up yesterday in the ETF “SSO”
I have dumped my gold yesterday and today, seeing this pullback continuing in gold
I’m now entirely in cash, except for that short position against the oil sector I’m holding with the ETF “DUG.” That strategy is now moving very fast in my favor with the oil price having come down off the $100 mark, and inventories are rising. Several weeks ago, I was down -16% on that bet, but that negative has now turned slightly positive.
So the only SHORT-TERM bet I’m confident on is shorting oil. Demand is already dropping as this recession rolls in like a dark cloud. Yet I emphasize that long-term I see oil headed UP.
I’m in a wait-and-see holding pattern regards the indices, because my instincts are for a short-term rise ~5% ahead of the fed funds rate cut, but I’m only guessing not willing (anymore) to bet my money on it. However, as soon as I see these indexes pop up ~5% then I’ll buy short positions again on the indexes. I’m expecting that this deep recession will take the markets down eventually this year to declines another 20% lower than present values!
Summary for 2008: I made money on gold, shorting the S&P 500, puts on the NASDAQ. I’m now flat on the bet against oil. Since late Dec 2007 to now, net I’m up 20% over my portfolio. I can’t complain about that.
-
January 16, 2008 at 6:13 PM #137192Participant
Well, I tossed in the towel, deciding I don’t know where markets are headed during the next few weeks ahead of the expected rate drop.
So sold the long position I picked up yesterday in the ETF “SSO”
I have dumped my gold yesterday and today, seeing this pullback continuing in gold
I’m now entirely in cash, except for that short position against the oil sector I’m holding with the ETF “DUG.” That strategy is now moving very fast in my favor with the oil price having come down off the $100 mark, and inventories are rising. Several weeks ago, I was down -16% on that bet, but that negative has now turned slightly positive.
So the only SHORT-TERM bet I’m confident on is shorting oil. Demand is already dropping as this recession rolls in like a dark cloud. Yet I emphasize that long-term I see oil headed UP.
I’m in a wait-and-see holding pattern regards the indices, because my instincts are for a short-term rise ~5% ahead of the fed funds rate cut, but I’m only guessing not willing (anymore) to bet my money on it. However, as soon as I see these indexes pop up ~5% then I’ll buy short positions again on the indexes. I’m expecting that this deep recession will take the markets down eventually this year to declines another 20% lower than present values!
Summary for 2008: I made money on gold, shorting the S&P 500, puts on the NASDAQ. I’m now flat on the bet against oil. Since late Dec 2007 to now, net I’m up 20% over my portfolio. I can’t complain about that.
-
January 16, 2008 at 3:08 PM #136964Participant
The FED may be a little reticent on lowering rates now:
< a href='http://us.rd.yahoo.com/finance/news/topnews;_ylt=AoZ1blFSESNtp63V6Ija0iK7YWsA/*http://biz.yahoo.com/ap/080116/economy.html'>Inflation Rate is Worst in 17 Years- AP
“Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas. Meanwhile, industrial output was flat in December, more evidence of a significant slowdown in the economy.”
The FED can pretend core inflation is all the matters, but that doesn’t mean the dollar won’t become worthless, or that it’s not their job to protect it.
Makes me wonder if once they realize we’re in a recession, unemployment above 5%, the dollar at it’s weakest in decades, and inflation the highest in decades, if the FED might actually do what’s right and raise rates…
-
January 16, 2008 at 3:08 PM #136997Participant
The FED may be a little reticent on lowering rates now:
< a href='http://us.rd.yahoo.com/finance/news/topnews;_ylt=AoZ1blFSESNtp63V6Ija0iK7YWsA/*http://biz.yahoo.com/ap/080116/economy.html'>Inflation Rate is Worst in 17 Years- AP
“Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas. Meanwhile, industrial output was flat in December, more evidence of a significant slowdown in the economy.”
The FED can pretend core inflation is all the matters, but that doesn’t mean the dollar won’t become worthless, or that it’s not their job to protect it.
Makes me wonder if once they realize we’re in a recession, unemployment above 5%, the dollar at it’s weakest in decades, and inflation the highest in decades, if the FED might actually do what’s right and raise rates…
-
January 16, 2008 at 3:08 PM #137026Participant
The FED may be a little reticent on lowering rates now:
< a href='http://us.rd.yahoo.com/finance/news/topnews;_ylt=AoZ1blFSESNtp63V6Ija0iK7YWsA/*http://biz.yahoo.com/ap/080116/economy.html'>Inflation Rate is Worst in 17 Years- AP
“Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas. Meanwhile, industrial output was flat in December, more evidence of a significant slowdown in the economy.”
The FED can pretend core inflation is all the matters, but that doesn’t mean the dollar won’t become worthless, or that it’s not their job to protect it.
Makes me wonder if once they realize we’re in a recession, unemployment above 5%, the dollar at it’s weakest in decades, and inflation the highest in decades, if the FED might actually do what’s right and raise rates…
-
January 16, 2008 at 3:08 PM #137065Participant
The FED may be a little reticent on lowering rates now:
< a href='http://us.rd.yahoo.com/finance/news/topnews;_ylt=AoZ1blFSESNtp63V6Ija0iK7YWsA/*http://biz.yahoo.com/ap/080116/economy.html'>Inflation Rate is Worst in 17 Years- AP
“Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas. Meanwhile, industrial output was flat in December, more evidence of a significant slowdown in the economy.”
The FED can pretend core inflation is all the matters, but that doesn’t mean the dollar won’t become worthless, or that it’s not their job to protect it.
Makes me wonder if once they realize we’re in a recession, unemployment above 5%, the dollar at it’s weakest in decades, and inflation the highest in decades, if the FED might actually do what’s right and raise rates…
-
January 16, 2008 at 8:57 AM #136927Participant
EEV is up another 7% or so, but I’d be careful there. Let the Fed do it’s thing, wait a bit, then jump at EEV. If you had the foresight to buy at COB Mon, though, congrats.
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January 16, 2008 at 8:57 AM #136962Participant
EEV is up another 7% or so, but I’d be careful there. Let the Fed do it’s thing, wait a bit, then jump at EEV. If you had the foresight to buy at COB Mon, though, congrats.
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January 16, 2008 at 8:57 AM #136990Participant
EEV is up another 7% or so, but I’d be careful there. Let the Fed do it’s thing, wait a bit, then jump at EEV. If you had the foresight to buy at COB Mon, though, congrats.
-
January 16, 2008 at 8:57 AM #137031Participant
EEV is up another 7% or so, but I’d be careful there. Let the Fed do it’s thing, wait a bit, then jump at EEV. If you had the foresight to buy at COB Mon, though, congrats.
-
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January 16, 2008 at 8:24 AM #136907Participant
To top it off, some are reporting the worst inflation in 17 years:
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January 16, 2008 at 8:24 AM #136942Participant
To top it off, some are reporting the worst inflation in 17 years:
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January 16, 2008 at 8:24 AM #136970Participant
To top it off, some are reporting the worst inflation in 17 years:
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January 16, 2008 at 8:24 AM #137009Participant
To top it off, some are reporting the worst inflation in 17 years:
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January 16, 2008 at 7:44 AM #136884Participant
oooo… Got to love waking up to this 🙂
INTEL CORP INTEL CORP 4,818.5331 $19.891 -2.80 $95,840.62 -$13,491.89 [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 16, 2008 at 7:44 AM #136918Participant
oooo… Got to love waking up to this 🙂
INTEL CORP INTEL CORP 4,818.5331 $19.891 -2.80 $95,840.62 -$13,491.89 [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 16, 2008 at 7:44 AM #136945Participant
oooo… Got to love waking up to this 🙂
INTEL CORP INTEL CORP 4,818.5331 $19.891 -2.80 $95,840.62 -$13,491.89 [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 16, 2008 at 7:44 AM #136983Participant
oooo… Got to love waking up to this 🙂
INTEL CORP INTEL CORP 4,818.5331 $19.891 -2.80 $95,840.62 -$13,491.89 [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 16, 2008 at 7:19 PM #136951
Chris Scoreboard Johnston
ParticipantThis is just strictly for those who might read this read and be misled by some of what is being posted here. To be a large trader you would have to have at the very least, a million dollar plus trading account, I do and would not consider myself a large trader, probably medium sized.
Two of my mentors are amongst the greatest who have ever lived. Both are widely quoted and interviewed, and I know what they have done in general over the years, as well as their friends. I can assure anyone who read some of these posts, if you do the math, 570% over 2 1/2 months as a large trader ( 1 Million minimum account balance )would equate to close to 6 million in profit. I know of knowone who traders large size that is anywhere in the same galaxy as that, in that short of a period or for that matter on an annualized basis.
That is just a flat out lie, 20% is a good annual return for a large sized trading account, and if you study the greatest CTA’s of all time, there is only one who has traded large size that has returned over 20% per year in a number of consecutive years.
It is one thing to turn 10k into 60k, it is entirely another to turn 1M into 6M in 75 days, and it did not happen here I can promise you that.
If HWG could prove that he is clearly the greatest trader who has ever lived. I almost forwarded a copy of that to Kevin Haggerty, one of my mentors just for kicks, but I know what his response would be. You won’t see me posting here again on this subject due to this kind of nonsense, but folks do not believe it.
-
January 16, 2008 at 7:50 PM #136956
kewp
ParticipantUm, isn’t that Paulson guys hedge fund up 1,000+%?
Jim Simons regularly generates 100% annual returns for his medallion fund.
-
January 16, 2008 at 8:50 PM #136989Participant
I’m with Chris_Scoreboard that the 770% (or 570% or whatever) profit claim might more accurately describe the percentage increase in bullshit postings in this forum since Oct ’07.!
This very thread has seen a good appreciation in the level of BS postings!
And I had better acknowledge my claim of +20% was a guess, and I have to admit I didn’t pull off that 20% appreciation soley on trades that were all round-tripped within in the last three weeks.
For example, let’s look at one collection of puts against the NASDAQ, and S&P500, that I collected over the last 12 months. I just sold all those to close.
I just now put those into the spreadsheet and confirmed an aggregate net (including commission cost in/out) gain of 21% across all those closed option trades. How much was initially invested on that set of puts? Total initial cost was $24,437, which frankly is a lot of options for a light trader like me to be buying. Obviously I consider that amount to be “throw-away” money relative to my overall retirement portfolio because when you buy options you gotta be ready to lose every cent!
My biggest mistake on that collection of puts came with two of the positions purchased too early at original cost of $5000 (JAN08 QQQ strike at 42, and 44) both of which are now totally worthless, expiring in matter of few days. If I had only broke even on those two I would have made ten grand on the original twenty-five grand, a more respectible gain. The worst part is during the low lows of March ’07, those two options were UP about 25% (on paper in my account), and I didn’t sell them. (oops!)
Frankly, I’m not proud of making 20% return on that overall collection of options (held that long) because the risk was so high relative to that return.
I’m not a trader by profession. I’m just an engineer who makes trades weekly or monthly as a hobby.
-
January 16, 2008 at 8:50 PM #137191Participant
I’m with Chris_Scoreboard that the 770% (or 570% or whatever) profit claim might more accurately describe the percentage increase in bullshit postings in this forum since Oct ’07.!
This very thread has seen a good appreciation in the level of BS postings!
And I had better acknowledge my claim of +20% was a guess, and I have to admit I didn’t pull off that 20% appreciation soley on trades that were all round-tripped within in the last three weeks.
For example, let’s look at one collection of puts against the NASDAQ, and S&P500, that I collected over the last 12 months. I just sold all those to close.
I just now put those into the spreadsheet and confirmed an aggregate net (including commission cost in/out) gain of 21% across all those closed option trades. How much was initially invested on that set of puts? Total initial cost was $24,437, which frankly is a lot of options for a light trader like me to be buying. Obviously I consider that amount to be “throw-away” money relative to my overall retirement portfolio because when you buy options you gotta be ready to lose every cent!
My biggest mistake on that collection of puts came with two of the positions purchased too early at original cost of $5000 (JAN08 QQQ strike at 42, and 44) both of which are now totally worthless, expiring in matter of few days. If I had only broke even on those two I would have made ten grand on the original twenty-five grand, a more respectible gain. The worst part is during the low lows of March ’07, those two options were UP about 25% (on paper in my account), and I didn’t sell them. (oops!)
Frankly, I’m not proud of making 20% return on that overall collection of options (held that long) because the risk was so high relative to that return.
I’m not a trader by profession. I’m just an engineer who makes trades weekly or monthly as a hobby.
-
January 16, 2008 at 8:50 PM #137222Participant
I’m with Chris_Scoreboard that the 770% (or 570% or whatever) profit claim might more accurately describe the percentage increase in bullshit postings in this forum since Oct ’07.!
This very thread has seen a good appreciation in the level of BS postings!
And I had better acknowledge my claim of +20% was a guess, and I have to admit I didn’t pull off that 20% appreciation soley on trades that were all round-tripped within in the last three weeks.
For example, let’s look at one collection of puts against the NASDAQ, and S&P500, that I collected over the last 12 months. I just sold all those to close.
I just now put those into the spreadsheet and confirmed an aggregate net (including commission cost in/out) gain of 21% across all those closed option trades. How much was initially invested on that set of puts? Total initial cost was $24,437, which frankly is a lot of options for a light trader like me to be buying. Obviously I consider that amount to be “throw-away” money relative to my overall retirement portfolio because when you buy options you gotta be ready to lose every cent!
My biggest mistake on that collection of puts came with two of the positions purchased too early at original cost of $5000 (JAN08 QQQ strike at 42, and 44) both of which are now totally worthless, expiring in matter of few days. If I had only broke even on those two I would have made ten grand on the original twenty-five grand, a more respectible gain. The worst part is during the low lows of March ’07, those two options were UP about 25% (on paper in my account), and I didn’t sell them. (oops!)
Frankly, I’m not proud of making 20% return on that overall collection of options (held that long) because the risk was so high relative to that return.
I’m not a trader by profession. I’m just an engineer who makes trades weekly or monthly as a hobby.
-
January 16, 2008 at 8:50 PM #137249Participant
I’m with Chris_Scoreboard that the 770% (or 570% or whatever) profit claim might more accurately describe the percentage increase in bullshit postings in this forum since Oct ’07.!
This very thread has seen a good appreciation in the level of BS postings!
And I had better acknowledge my claim of +20% was a guess, and I have to admit I didn’t pull off that 20% appreciation soley on trades that were all round-tripped within in the last three weeks.
For example, let’s look at one collection of puts against the NASDAQ, and S&P500, that I collected over the last 12 months. I just sold all those to close.
I just now put those into the spreadsheet and confirmed an aggregate net (including commission cost in/out) gain of 21% across all those closed option trades. How much was initially invested on that set of puts? Total initial cost was $24,437, which frankly is a lot of options for a light trader like me to be buying. Obviously I consider that amount to be “throw-away” money relative to my overall retirement portfolio because when you buy options you gotta be ready to lose every cent!
My biggest mistake on that collection of puts came with two of the positions purchased too early at original cost of $5000 (JAN08 QQQ strike at 42, and 44) both of which are now totally worthless, expiring in matter of few days. If I had only broke even on those two I would have made ten grand on the original twenty-five grand, a more respectible gain. The worst part is during the low lows of March ’07, those two options were UP about 25% (on paper in my account), and I didn’t sell them. (oops!)
Frankly, I’m not proud of making 20% return on that overall collection of options (held that long) because the risk was so high relative to that return.
I’m not a trader by profession. I’m just an engineer who makes trades weekly or monthly as a hobby.
-
January 16, 2008 at 8:50 PM #137290Participant
I’m with Chris_Scoreboard that the 770% (or 570% or whatever) profit claim might more accurately describe the percentage increase in bullshit postings in this forum since Oct ’07.!
This very thread has seen a good appreciation in the level of BS postings!
And I had better acknowledge my claim of +20% was a guess, and I have to admit I didn’t pull off that 20% appreciation soley on trades that were all round-tripped within in the last three weeks.
For example, let’s look at one collection of puts against the NASDAQ, and S&P500, that I collected over the last 12 months. I just sold all those to close.
I just now put those into the spreadsheet and confirmed an aggregate net (including commission cost in/out) gain of 21% across all those closed option trades. How much was initially invested on that set of puts? Total initial cost was $24,437, which frankly is a lot of options for a light trader like me to be buying. Obviously I consider that amount to be “throw-away” money relative to my overall retirement portfolio because when you buy options you gotta be ready to lose every cent!
My biggest mistake on that collection of puts came with two of the positions purchased too early at original cost of $5000 (JAN08 QQQ strike at 42, and 44) both of which are now totally worthless, expiring in matter of few days. If I had only broke even on those two I would have made ten grand on the original twenty-five grand, a more respectible gain. The worst part is during the low lows of March ’07, those two options were UP about 25% (on paper in my account), and I didn’t sell them. (oops!)
Frankly, I’m not proud of making 20% return on that overall collection of options (held that long) because the risk was so high relative to that return.
I’m not a trader by profession. I’m just an engineer who makes trades weekly or monthly as a hobby.
-
-
January 16, 2008 at 7:50 PM #137156Participant
Um, isn’t that Paulson guys hedge fund up 1,000+%?
Jim Simons regularly generates 100% annual returns for his medallion fund.
-
January 16, 2008 at 7:50 PM #137189Participant
Um, isn’t that Paulson guys hedge fund up 1,000+%?
Jim Simons regularly generates 100% annual returns for his medallion fund.
-
January 16, 2008 at 7:50 PM #137213Participant
Um, isn’t that Paulson guys hedge fund up 1,000+%?
Jim Simons regularly generates 100% annual returns for his medallion fund.
-
January 16, 2008 at 7:50 PM #137253Participant
Um, isn’t that Paulson guys hedge fund up 1,000+%?
Jim Simons regularly generates 100% annual returns for his medallion fund.
-
-
January 16, 2008 at 7:19 PM #137151Participant
This is just strictly for those who might read this read and be misled by some of what is being posted here. To be a large trader you would have to have at the very least, a million dollar plus trading account, I do and would not consider myself a large trader, probably medium sized.
Two of my mentors are amongst the greatest who have ever lived. Both are widely quoted and interviewed, and I know what they have done in general over the years, as well as their friends. I can assure anyone who read some of these posts, if you do the math, 570% over 2 1/2 months as a large trader ( 1 Million minimum account balance )would equate to close to 6 million in profit. I know of knowone who traders large size that is anywhere in the same galaxy as that, in that short of a period or for that matter on an annualized basis.
That is just a flat out lie, 20% is a good annual return for a large sized trading account, and if you study the greatest CTA’s of all time, there is only one who has traded large size that has returned over 20% per year in a number of consecutive years.
It is one thing to turn 10k into 60k, it is entirely another to turn 1M into 6M in 75 days, and it did not happen here I can promise you that.
If HWG could prove that he is clearly the greatest trader who has ever lived. I almost forwarded a copy of that to Kevin Haggerty, one of my mentors just for kicks, but I know what his response would be. You won’t see me posting here again on this subject due to this kind of nonsense, but folks do not believe it.
-
January 16, 2008 at 7:19 PM #137182Participant
This is just strictly for those who might read this read and be misled by some of what is being posted here. To be a large trader you would have to have at the very least, a million dollar plus trading account, I do and would not consider myself a large trader, probably medium sized.
Two of my mentors are amongst the greatest who have ever lived. Both are widely quoted and interviewed, and I know what they have done in general over the years, as well as their friends. I can assure anyone who read some of these posts, if you do the math, 570% over 2 1/2 months as a large trader ( 1 Million minimum account balance )would equate to close to 6 million in profit. I know of knowone who traders large size that is anywhere in the same galaxy as that, in that short of a period or for that matter on an annualized basis.
That is just a flat out lie, 20% is a good annual return for a large sized trading account, and if you study the greatest CTA’s of all time, there is only one who has traded large size that has returned over 20% per year in a number of consecutive years.
It is one thing to turn 10k into 60k, it is entirely another to turn 1M into 6M in 75 days, and it did not happen here I can promise you that.
If HWG could prove that he is clearly the greatest trader who has ever lived. I almost forwarded a copy of that to Kevin Haggerty, one of my mentors just for kicks, but I know what his response would be. You won’t see me posting here again on this subject due to this kind of nonsense, but folks do not believe it.
-
January 16, 2008 at 7:19 PM #137207Participant
This is just strictly for those who might read this read and be misled by some of what is being posted here. To be a large trader you would have to have at the very least, a million dollar plus trading account, I do and would not consider myself a large trader, probably medium sized.
Two of my mentors are amongst the greatest who have ever lived. Both are widely quoted and interviewed, and I know what they have done in general over the years, as well as their friends. I can assure anyone who read some of these posts, if you do the math, 570% over 2 1/2 months as a large trader ( 1 Million minimum account balance )would equate to close to 6 million in profit. I know of knowone who traders large size that is anywhere in the same galaxy as that, in that short of a period or for that matter on an annualized basis.
That is just a flat out lie, 20% is a good annual return for a large sized trading account, and if you study the greatest CTA’s of all time, there is only one who has traded large size that has returned over 20% per year in a number of consecutive years.
It is one thing to turn 10k into 60k, it is entirely another to turn 1M into 6M in 75 days, and it did not happen here I can promise you that.
If HWG could prove that he is clearly the greatest trader who has ever lived. I almost forwarded a copy of that to Kevin Haggerty, one of my mentors just for kicks, but I know what his response would be. You won’t see me posting here again on this subject due to this kind of nonsense, but folks do not believe it.
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January 16, 2008 at 7:19 PM #137248Participant
This is just strictly for those who might read this read and be misled by some of what is being posted here. To be a large trader you would have to have at the very least, a million dollar plus trading account, I do and would not consider myself a large trader, probably medium sized.
Two of my mentors are amongst the greatest who have ever lived. Both are widely quoted and interviewed, and I know what they have done in general over the years, as well as their friends. I can assure anyone who read some of these posts, if you do the math, 570% over 2 1/2 months as a large trader ( 1 Million minimum account balance )would equate to close to 6 million in profit. I know of knowone who traders large size that is anywhere in the same galaxy as that, in that short of a period or for that matter on an annualized basis.
That is just a flat out lie, 20% is a good annual return for a large sized trading account, and if you study the greatest CTA’s of all time, there is only one who has traded large size that has returned over 20% per year in a number of consecutive years.
It is one thing to turn 10k into 60k, it is entirely another to turn 1M into 6M in 75 days, and it did not happen here I can promise you that.
If HWG could prove that he is clearly the greatest trader who has ever lived. I almost forwarded a copy of that to Kevin Haggerty, one of my mentors just for kicks, but I know what his response would be. You won’t see me posting here again on this subject due to this kind of nonsense, but folks do not believe it.
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January 17, 2008 at 2:33 PM #137377Participant
Grrr.. So here's some irony.
Intel, which announced earnings 2 days ago, posted profit of $2.27 billion, or 38 cents and margins of 58.3%, yet gets hammered 12-13% the few days before earnings and another 12-13% after posting earnings….for supposedly coming in slightly shy on profits and revenues and cautiously guiding the next quarter…..
AMD, which announced earnings today, posted a loss of $1.77 billion, also came in slightly short on revenue expectations, admitted it overpaid for ATI (by 30%- hence taking huge "one time charges"), and has production issues and delays for the next generation server processors, is trading 4.5% up AH…
Go figure.
(Yes, I understand that it's more about expectations than the actual numbers).
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 18, 2008 at 11:59 AM #138150
Raybyrnes
ParticipantINTC is pissing me off. Bought 200 at 20 and figured relative to AMD they would have moved upward. They have capacity , product, cash flow yet the market thinks they suck. Very frustrating stock.
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January 18, 2008 at 12:45 PM #138180Participant
INTC is pissing me off. Bought 200 at 20 and figured relative to AMD they would have moved upward. They have capacity , product, cash flow yet the market thinks they suck. Very frustrating stock.
You're not alone, and at least you're not 4,818 shrs long on this. Fortunately, I also own some piddly amount of AMD shares too, but i'm I just don't get it.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 18, 2008 at 12:45 PM #138391Participant
INTC is pissing me off. Bought 200 at 20 and figured relative to AMD they would have moved upward. They have capacity , product, cash flow yet the market thinks they suck. Very frustrating stock.
You're not alone, and at least you're not 4,818 shrs long on this. Fortunately, I also own some piddly amount of AMD shares too, but i'm I just don't get it.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 18, 2008 at 12:45 PM #138416Participant
INTC is pissing me off. Bought 200 at 20 and figured relative to AMD they would have moved upward. They have capacity , product, cash flow yet the market thinks they suck. Very frustrating stock.
You're not alone, and at least you're not 4,818 shrs long on this. Fortunately, I also own some piddly amount of AMD shares too, but i'm I just don't get it.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 18, 2008 at 12:45 PM #138439Participant
INTC is pissing me off. Bought 200 at 20 and figured relative to AMD they would have moved upward. They have capacity , product, cash flow yet the market thinks they suck. Very frustrating stock.
You're not alone, and at least you're not 4,818 shrs long on this. Fortunately, I also own some piddly amount of AMD shares too, but i'm I just don't get it.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 18, 2008 at 12:45 PM #138488Participant
INTC is pissing me off. Bought 200 at 20 and figured relative to AMD they would have moved upward. They have capacity , product, cash flow yet the market thinks they suck. Very frustrating stock.
You're not alone, and at least you're not 4,818 shrs long on this. Fortunately, I also own some piddly amount of AMD shares too, but i'm I just don't get it.
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 18, 2008 at 11:59 AM #138361Participant
INTC is pissing me off. Bought 200 at 20 and figured relative to AMD they would have moved upward. They have capacity , product, cash flow yet the market thinks they suck. Very frustrating stock.
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January 18, 2008 at 11:59 AM #138388Participant
INTC is pissing me off. Bought 200 at 20 and figured relative to AMD they would have moved upward. They have capacity , product, cash flow yet the market thinks they suck. Very frustrating stock.
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January 18, 2008 at 11:59 AM #138409Participant
INTC is pissing me off. Bought 200 at 20 and figured relative to AMD they would have moved upward. They have capacity , product, cash flow yet the market thinks they suck. Very frustrating stock.
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January 18, 2008 at 11:59 AM #138456Participant
INTC is pissing me off. Bought 200 at 20 and figured relative to AMD they would have moved upward. They have capacity , product, cash flow yet the market thinks they suck. Very frustrating stock.
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January 17, 2008 at 2:33 PM #137584Participant
Grrr.. So here's some irony.
Intel, which announced earnings 2 days ago, posted profit of $2.27 billion, or 38 cents and margins of 58.3%, yet gets hammered 12-13% the few days before earnings and another 12-13% after posting earnings….for supposedly coming in slightly shy on profits and revenues and cautiously guiding the next quarter…..
AMD, which announced earnings today, posted a loss of $1.77 billion, also came in slightly short on revenue expectations, admitted it overpaid for ATI (by 30%- hence taking huge "one time charges"), and has production issues and delays for the next generation server processors, is trading 4.5% up AH…
Go figure.
(Yes, I understand that it's more about expectations than the actual numbers).
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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January 17, 2008 at 2:33 PM #137613Participant
Grrr.. So here's some irony.
Intel, which announced earnings 2 days ago, posted profit of $2.27 billion, or 38 cents and margins of 58.3%, yet gets hammered 12-13% the few days before earnings and another 12-13% after posting earnings….for supposedly coming in slightly shy on profits and revenues and cautiously guiding the next quarter…..
AMD, which announced earnings today, posted a loss of $1.77 billion, also came in slightly short on revenue expectations, admitted it overpaid for ATI (by 30%- hence taking huge "one time charges"), and has production issues and delays for the next generation server processors, is trading 4.5% up AH…
Go figure.
(Yes, I understand that it's more about expectations than the actual numbers).
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 17, 2008 at 2:33 PM #137639Participant
Grrr.. So here's some irony.
Intel, which announced earnings 2 days ago, posted profit of $2.27 billion, or 38 cents and margins of 58.3%, yet gets hammered 12-13% the few days before earnings and another 12-13% after posting earnings….for supposedly coming in slightly shy on profits and revenues and cautiously guiding the next quarter…..
AMD, which announced earnings today, posted a loss of $1.77 billion, also came in slightly short on revenue expectations, admitted it overpaid for ATI (by 30%- hence taking huge "one time charges"), and has production issues and delays for the next generation server processors, is trading 4.5% up AH…
Go figure.
(Yes, I understand that it's more about expectations than the actual numbers).
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
-
January 17, 2008 at 2:33 PM #137680Participant
Grrr.. So here's some irony.
Intel, which announced earnings 2 days ago, posted profit of $2.27 billion, or 38 cents and margins of 58.3%, yet gets hammered 12-13% the few days before earnings and another 12-13% after posting earnings….for supposedly coming in slightly shy on profits and revenues and cautiously guiding the next quarter…..
AMD, which announced earnings today, posted a loss of $1.77 billion, also came in slightly short on revenue expectations, admitted it overpaid for ATI (by 30%- hence taking huge "one time charges"), and has production issues and delays for the next generation server processors, is trading 4.5% up AH…
Go figure.
(Yes, I understand that it's more about expectations than the actual numbers).
[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]
—– Sour grapes for everyone!
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