MCD was a bit stronger than I like to play anyways.
Stops in on TOL and BAC.......
Tuesday, September 30, 2008
out MCD 57.5 strike @ .90.
A bit early I think, but don't need this big of a short line out right now....esp with the continued action by the govt.
MCD was a bit stronger than I like to play anyways.
Stops in on TOL and BAC.......
MCD was a bit stronger than I like to play anyways.
Stops in on TOL and BAC.......
Picked up BACVE out of sympothy actually
EOM
Current account.
Symbol Quantity Avg Price Last P & L % P & L Market Value
BACVD 1 $0.49 $0.21 $-28.00 -57.14% $21.00
BACVE 1 $0.60 $0.60 $0.00 0.00% $60.00
MCDVY 1 $0.55 $0.95 $40.00 72.73% $95.00
Current account.
Symbol Quantity Avg Price Last P & L % P & L Market Value
BACVD 1 $0.49 $0.21 $-28.00 -57.14% $21.00
BACVE 1 $0.60 $0.60 $0.00 0.00% $60.00
MCDVY 1 $0.55 $0.95 $40.00 72.73% $95.00
Market holding firm. Bit of a surprise
BAC puts are cut in half now. MCD still holding well so I'm going to hold that put.
Market +256 ATM and no sign of weakness ATM.
hmmmmm kinda interesting here. Still mostly cash.
Market +256 ATM and no sign of weakness ATM.
hmmmmm kinda interesting here. Still mostly cash.
Monday, September 29, 2008
2nd best day in my life
Glad I was able to take advantage of the day. Just short of $500. I believe the equity balance is around $1250 now from $800.
Might take a break tomorrow and do some fishin or just get away.
Executions:
Positions:
Symbol Quantity Avg Price Last P & L % P & L Market Value
MCDVY 1 $0.55 $0.95 $40.00 72.73% $95.00
BACVD 1 $0.49 $0.34 $-15.00 -30.61% $34.00
Might take a break tomorrow and do some fishin or just get away.
Executions:
Positions:
Symbol Quantity Avg Price Last P & L % P & L Market Value
MCDVY 1 $0.55 $0.95 $40.00 72.73% $95.00
BACVD 1 $0.49 $0.34 $-15.00 -30.61% $34.00
BOT BAC $20 put @ .49.
Figured I should still have some exposure to this market.
Closed 4 puts today holding 2 more. MER and BAC made a nice chunk on.
Executions today:
09/29/2008 3:40 PM $-54.00 Bought 1 BACVD@ $0.49 Details
09/29/2008 3:39 PM $260.00 Sold 1 MOJVX@ $2.65 Details
09/29/2008 3:35 PM $235.00 Sold 1 BACVF@ $2.40 Details
09/29/2008 1:56 PM $105.00 Sold 1 BACVA@ $1.10 Details
09/29/2008 11:43 AM $110.00 Sold 1 MOJVG@ $1.15 Details
Closed 4 puts today holding 2 more. MER and BAC made a nice chunk on.
Executions today:
09/29/2008 3:40 PM $-54.00 Bought 1 BACVD@ $0.49 Details
09/29/2008 3:39 PM $260.00 Sold 1 MOJVX@ $2.65 Details
09/29/2008 3:35 PM $235.00 Sold 1 BACVF@ $2.40 Details
09/29/2008 1:56 PM $105.00 Sold 1 BACVA@ $1.10 Details
09/29/2008 11:43 AM $110.00 Sold 1 MOJVG@ $1.15 Details
Bailout failed. -650
Collapse. Gonna sell straight into EOD
COVERED some BAC 27.50's @ 1.15 before this mess. Riding the big ones and some MCD's short.
Screenshot of what's left. GOD BLESS AMERICA! What a friggin mess.
Symbol Quantity Avg Price Last P & L % P & L Market Value
BACVF 1 $0.81 $2.54 $173.00 213.58% $254.00
MCDVY 1 $0.55 $0.91 $36.00 65.45% $91.00
MOJVX 1 $0.74 $2.20 $146.00 197.30% $220.00
COVERED some BAC 27.50's @ 1.15 before this mess. Riding the big ones and some MCD's short.
Screenshot of what's left. GOD BLESS AMERICA! What a friggin mess.
Symbol Quantity Avg Price Last P & L % P & L Market Value
BACVF 1 $0.81 $2.54 $173.00 213.58% $254.00
MCDVY 1 $0.55 $0.91 $36.00 65.45% $91.00
MOJVX 1 $0.74 $2.20 $146.00 197.30% $220.00
RE: Market COULD collapse -500
-500 ATM..... like I said. UGLY. GTFO.
Covered BAC 27.50 strike + 100% holding rest. We're in deep crap.
Done for the day
Covered BAC 27.50 strike + 100% holding rest. We're in deep crap.
Done for the day
NCC going down the tubes. (from a diff board)
My posts from last week Thur night.........
-------------------
athlonmank8
Registered: May 2007
Posts: 796
09-25-08 05:04 PM
Next to bite the bullet if WM keeps getting taken out IMO.
Trading the pair. Anyone see a weaker bank ATM?
---------------------------------------------------------
athlonmank8
Registered: May 2007
Posts: 796
09-25-08 09:51 PM
Quote from athlonmank8:
Next to bite the bullet if WM keeps getting taken out IMO.
Trading the pair. Anyone see a weaker bank ATM?
Nice.
WM gone.....boy that was timely Saw that coming from a mile away
---------------------------------------------------------------
athlonmank8
Registered: May 2007
Posts: 796
09-26-08 10:02 AM
NCC getting smashed. -25% now
-------------------------------------------------------------------------
athlonmank8
Registered: May 2007
Posts: 796
09-29-08 10:48 AM
1.25 low. It's gone IMO
-------------
NCC $2 -47% at the moment. I HATE that bank.
-------------------
athlonmank8
Registered: May 2007
Posts: 796
09-25-08 05:04 PM
Next to bite the bullet if WM keeps getting taken out IMO.
Trading the pair. Anyone see a weaker bank ATM?
---------------------------------------------------------
athlonmank8
Registered: May 2007
Posts: 796
09-25-08 09:51 PM
Quote from athlonmank8:
Next to bite the bullet if WM keeps getting taken out IMO.
Trading the pair. Anyone see a weaker bank ATM?
Nice.
WM gone.....boy that was timely Saw that coming from a mile away
---------------------------------------------------------------
athlonmank8
Registered: May 2007
Posts: 796
09-26-08 10:02 AM
NCC getting smashed. -25% now
-------------------------------------------------------------------------
athlonmank8
Registered: May 2007
Posts: 796
09-29-08 10:48 AM
1.25 low. It's gone IMO
-------------
NCC $2 -47% at the moment. I HATE that bank.
Market COULD collapse......
DOW @ -289 and we just had another wave of selling. B/C the SEC banned shorting there's no limits to prop the market up below the lows from what it looks like. We need to test those previous lows on the SPX now and the DOW as well.
Covered MER $21 strike puts....
Took a little off the table here on MER. Still holding full line on BAC. Pissed off I didn't pull the trigger on the AAPL puts. I've played that RIMM/AAPL combo so many times and this time I sat on my hands. DUMB. Puts up 500-700% :(. Ah well. Still a good day.
Covered MER $21 strike @ $1.15 for I believe about 100%
Screenshot :
Covered MER $21 strike @ $1.15 for I believe about 100%
Screenshot :
Saturday, September 27, 2008
AAPL headed lower on RIMM
AAPL going to weaken as well as the rest of tech. We're slowing down and if that bill passes taxpayers are REALLY going to slow down. It's an ugly situation to say the least.
JWN (representing retail)
COH is another good example. Retail has broken down significantly lately and we're going to see this as a possible catalyst for the next leg down.
BAC (chart) (W)
This is a simple fib chart of BAC's 8 year history. I rank FIB as an important technical indicator HOWEVER it comes third to simple S&R (1), MA's (2). Trendlines is fourth. Fib extensions are their own category for targets.
Short MER
I have puts in both MER and BAC for a few reasons. First, I don't believe BAC can go through with this merger successfully without taking an equity hit. Not only did they buy MER for too large of a premium, but they still have troubles from the CountryWide acquisition. I think A LOT hinges on this $700B bailout and it doesn't look good at the moment. I feel that BAC had advanced notice on this bailout from the Treasury so that is why they paid the premium they did.
Regardless, the market is still extremely bearish until the kinks work themselves out ON THEIR OWN.
Regardless, the market is still extremely bearish until the kinks work themselves out ON THEIR OWN.
Current Account
Equity is @ $759. (Beginning @ $800) Small account, but it's a rebound from my daytrading experience which was ugly a few months ago. Needless to say years of profits were eaten up in about 9 months. (Approx $8,000.) Not much unless you're a student. Then it's a lot.
Current positions
Stops are @ -30% or otherwise stated. Typical stops are 10% (options are higher).
Current positions
| Symbol | Quantity | Avg Price | Last | P & L | % P & L | Market Value |
| BACVA | 1 | $0.54 | $0.43 | $-11.00 | -20.37% | $43.00 |
| BACVF | 1 | $0.81 | $0.70 | $-11.00 | -13.58% | $70.00 |
| MCDVY | 1 | $0.55 | $0.35 | $-20.00 | -36.36% | $35.00 |
| MOJVG | 1 | $0.63 | $0.85 | $22.00 | 34.92% | $85.00 |
| MOJVX | 1 | $0.74 | $0.84 | $10.00 | 13.51% | $84.00 |
Stops are @ -30% or otherwise stated. Typical stops are 10% (options are higher).
New Blog
Hey, just wanted to say hello. New blog I will be updating. I trade equities (typically options).
I've been in the market for approx. 10 years now. I'm 23 years old and started investing when I was about 15. I made my first trade in April of '98 and invested until I began swing trading 4 years ago. I made decent money but then switched to daytrading about a year ago in which I lost nearly all of my equity. With that said, I learned a lot VERY quickly. It was a double-edged sword to say the least. Since then i've stopped daytrading and been mostly profitable (albeit very slowly).
I used technical and fundamental analysis to make my trades as well as gut feeling which I have accumulated over the years. I primarily prefer to use technical analysis to make my trades and will always lean toward the charts rather than my own opinions. I have been studying technical analysis for 4 years and sadly only my studies from the past year have been fruitful (I have daytrading to thank for that though).
As a final note I want to say that both technical AND fundamental analysis can and must both be used to make money in the market.
I've been in the market for approx. 10 years now. I'm 23 years old and started investing when I was about 15. I made my first trade in April of '98 and invested until I began swing trading 4 years ago. I made decent money but then switched to daytrading about a year ago in which I lost nearly all of my equity. With that said, I learned a lot VERY quickly. It was a double-edged sword to say the least. Since then i've stopped daytrading and been mostly profitable (albeit very slowly).
I used technical and fundamental analysis to make my trades as well as gut feeling which I have accumulated over the years. I primarily prefer to use technical analysis to make my trades and will always lean toward the charts rather than my own opinions. I have been studying technical analysis for 4 years and sadly only my studies from the past year have been fruitful (I have daytrading to thank for that though).
As a final note I want to say that both technical AND fundamental analysis can and must both be used to make money in the market.
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