OT: It’s show time boys and girls….Facebook????

[The-Shoveler]

Yea looks like your shorts are working for you as well,
My Boss only lets me trade on an IRA account I got from a one year Gig (401K conversion) so I am not even sure I could short if I wanted, so SDS, QID and TVIX is the only things I can play on the downside.
Housing , I think you will do well as long as you are cash flowing with some safety cash on the side just in case (don’t want to go too far in the margins on that either). Housing is a long term thing, (think 10 years, the rest is noise as long as it flows).
Bottom line, cash flowing is king!, everything else is gambling for the most part.

[an]

[Quote=flu]
…That and I’m in on sds, shorting PM at 84.50 and shorting Qcom at $63.[/quote]
Hope you covered your qcom shorts at 61.

[The-Shoveler]

I think the only thing to derailed the market (and economy) at this point is a black swan type of event,
(Which is a possibility I happen to believe the market is not taking into account currently, so any reaction is likely to be VOLATILE ).

[Coronita]

[quote=AN][Quote=flu]
…That and I’m in on sds, shorting PM at 84.50 and shorting Qcom at $63.[/quote]
Hope you covered your qcom shorts at 61.[/quote]

Nope…. QC is range bought between $60 and 63 ish (at least for now)

[The-Shoveler]

Looking like 2000 all over again to me, but what the heck do I know,
Getting kind of frustrating sitting on the side lines. And losing a small amount in QID (100 shares)
Makes me wonder if we will see the same thing happen as in 2000, where all of a sudden at the end of march everyone decides , Hey what the heck are we doing owning all these internet stocks!!!.

Or maybe Marc Faber was right, all that money they are printing has to go somewhere.

[an]

[quote=flu][quote=AN][Quote=flu]
…That and I’m in on sds, shorting PM at 84.50 and shorting Qcom at $63.[/quote]
Hope you covered your qcom shorts at 61.[/quote]

Nope…. QC is range bought between $60 and 63 ish (at least for now)[/quote]
Ouch, almost hit $65 today.

[enron_by_the_sea]

VIX is 14.80 today. Long term put options are cheap. I ended up buying deeply OOM 2014-puts on CRM and CMG (small positions.) I am seriously thinking about loading up on more 2014 puts.

[The-Shoveler]

Yea I wish I had done that in 2000 (OOM puts)

I would be living next to FLU or earlyretirement.

Tempted to do some real damage to my Trading IRA account and buy some tvix, not sure I could buy a “put” if I wanted to in my IRA.

How much less volatile can it get ?
Just kidding.

[Coronita]

[quote=AN][quote=flu][quote=AN][Quote=flu]
…That and I’m in on sds, shorting PM at 84.50 and shorting Qcom at $63.[/quote]
Hope you covered your qcom shorts at 61.[/quote]

Nope…. QC is range bought between $60 and 63 ish (at least for now)[/quote]
Ouch, almost hit $65 today.[/quote]

I give up… I closed yesterday my short @ $64….. And I went long with 3000 shares…..

Also added to both BRCM and ARMH.
Fvcker… Can’t beat them, join them…

BTW: markmax33 might actually be right about zygna….What caught my eyes was zygna launched a gaming platform for developers. And they got some of the big label game co’s signed up to develop on it… That’s a big deal…So I’ll swallow my pride and say markmax33 might actually be right….

[The-Shoveler]

Saw something saying that 80% of stocks are above their 40 day moving average as of yesterday.

Looks like a circa 2000 blow off to me.
But then again Marc may be right as well, (don’t jump in front of a running printing press.)

[Coronita]

Nasdaq just turned negative…
Back in short position with Qcom @ 64.98 3000shrs

Lol…. I have a stop order if it goes above 66

[poorgradstudent]

[quote=flu]BTW: markmax33 might actually be right about zygna….What caught my eyes was zygna launched a gaming platform for developers. And they got some of the big label game co’s signed up to develop on it… That’s a big deal…So I’ll swallow my pride and say markmax33 might actually be right….[/quote]
The problem with Zynga is no one, including their customers, actually *likes* Zynga. Their “games” are just terrible. Solitaire involves more thought and strategy than most of their “click and your number goes up!” “games”.

Zynga *is* profitable. They pioneered the concept of microtransactions for virtual goods. They clearly spend very little money on developing and testing their “games”.

I’m biased because I truly, truly hate their product, but it’s hard to see how they are going to grow as a business.

[an]

[quote=flu]Nasdaq just turned negative…
Back in short position with Qcom @ 64.98 3000shrs

Lol…. I have a stop order if it goes above 66[/quote]
Funny you went short what qcom dip below 65 and I got myself some 65 calls.

[Coronita]

[quote=Nor-LA-SD-GUY2]Saw something saying that 80% of stocks are above their 40 day moving average as of yesterday.

Looks like a circa 2000 blow off to me.
But then again Marc may be right as well, (don’t jump in front of a running printing press.)[/quote]

I agree.. Less tech companies that deal with smartphones and oil/gas companies, I’ve been exiting part of my index funds and stocks for the past 2 weeks….I’m not going to exist completely, but I’m going to keep about 30% out of the stock market for now..

*Edit: I’m out of Qcom @ 65.02…

[Author]

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