Guest 614Streets Posted May 7, 2010 Report Share Posted May 7, 2010 This is why I never use stops. Some people made a killing today and tons of people with stops got slaughtered. Quote Link to comment Share on other sites More sharing options...
Tractor Posted May 7, 2010 Report Share Posted May 7, 2010 Yeah I don't typically use stops either. I'd rather ride out down days most of the time. Now once I'm well into profit I'll set a trailing stop at around -4% if I don't mind it selling on a day like today. I was pissed when I saw that SIRI did that dip then bounced back. I even had money waiting for something like that. Both my bosses picked a great day to be out of town so as lead and senior tech I got really busy with hot issues. Quote Link to comment Share on other sites More sharing options...
2highpsi Posted May 7, 2010 Report Share Posted May 7, 2010 Today was insane. I just happened to be watching when the dow went down 1000 points in minutes. Someone made millions in a matter of 15 seconds. From what I understand they are cancelling a bunch of trades though. Someone, somewhere screwed up big time. If you aren't convinced GS is going up, you think it's going down but don't want burnt why don't you just put on a long straddle. With enough movement either way you win. Quote Link to comment Share on other sites More sharing options...
Guest 614Streets Posted May 7, 2010 Report Share Posted May 7, 2010 Heres the cancells...... http://media.globenewswire.com/cache/6948/file/8211.htm Quote Link to comment Share on other sites More sharing options...
2highpsi Posted May 7, 2010 Report Share Posted May 7, 2010 Heres the cancells...... http://media.globenewswire.com/cache/6948/file/8211.htm Just read it on the other thread, after I posted. Nice find. Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted May 7, 2010 Report Share Posted May 7, 2010 I was hoping BP would come down more, but looks like someone read Lance's above posts about BP's liability in the matter because their stock price has basically shrugged off any negative news already. I didn't end up buying it when I saw it was holding pretty well at 48-49 the other day. I was just telling my wife that if she wanted now would be a good time to sell her FITB and mess with something else. She's up 400% over 12 months and I'm not expecting FITB to do anymore than $16 for a few years. She wants to go long though. Yeah its a regional bank. Unless they start acquiring tons of banks, I dont see it happening. Quote Link to comment Share on other sites More sharing options...
zeitgeist57 Posted May 7, 2010 Report Share Posted May 7, 2010 Curious to know what you guys use for trading platforms... In light of yesterday's market, do any of you use GTC orders and how much do they cost? Quote Link to comment Share on other sites More sharing options...
Supplicium Posted May 8, 2010 Report Share Posted May 8, 2010 (edited) *delete Edited May 8, 2010 by Supplicium Quote Link to comment Share on other sites More sharing options...
Guest 614Streets Posted May 18, 2010 Report Share Posted May 18, 2010 So who is awash in bp or gs now? Quote Link to comment Share on other sites More sharing options...
Supplicium Posted May 18, 2010 Report Share Posted May 18, 2010 So who is awash in bp or gs now? I closed my positions on the 13th. Bears are movin in slowly imo. "bargin buying" is keepin the market prop'd up. Before long, 9000 will be here.:bangbang: Quote Link to comment Share on other sites More sharing options...
2highpsi Posted May 18, 2010 Report Share Posted May 18, 2010 So who is awash in bp or gs now? I knew this was coming...... How's F doing? Unless you closed your positions or you're short an index, you're down since this thread started. As stated before they were LONG term calls. Quote Link to comment Share on other sites More sharing options...
Guest 614Streets Posted May 18, 2010 Report Share Posted May 18, 2010 lol im not in f or mcd although i like them. Quote Link to comment Share on other sites More sharing options...
2highpsi Posted May 18, 2010 Report Share Posted May 18, 2010 They are starting to get more tempting though. I'm just so sick of PIGS and Chinese housing moving the market. Fundamentals are out the door right now.... You seem to do a lot of day trading. I'd be interested in what you've been tracking. PM me if you rather not post it. Quote Link to comment Share on other sites More sharing options...
Guest 614Streets Posted May 18, 2010 Report Share Posted May 18, 2010 SIRI. The russell rebalance comes may 27th. Also the shareholders meeting is friday. Mel Karmazin raised guidance yesterday. Options expire friday. http://finance.yahoo.com/news/SIRIUS-Foresees-Serious-zacks-1593851096.html?x=0&.v=1 I also Like FRS. Frischs resturants. I agree sentiment is owning fundementals. Or so it seems. Also bp and goldman are being sued. http://blogs.forbes.com/energysource/2010/05/18/bp-goldman-sued-oil-fraud/?partner=yahootix Also Germany just set a naked short ban that goes live tonight , that will affect citi, goldman , jp morgan. Quote Link to comment Share on other sites More sharing options...
Supplicium Posted May 18, 2010 Report Share Posted May 18, 2010 im buying up F calls on all these dips. FRS interesting play, looks like a long play for sure. that volume is surprisingly so low. i like swing trading but this looks like a good buy on dip play. Quote Link to comment Share on other sites More sharing options...
Guest 614Streets Posted May 18, 2010 Report Share Posted May 18, 2010 im buying up F calls on all these dips. FRS interesting play, looks like a long play for sure. that volume is surprisingly so low. i like swing trading but this looks like a good buy on dip play. I agree , I am not in it yet , but I hope to diversify into FRS if SIRI clears the current FCC hurdle. http://www.frischs.com/sec_filings.html http://www.frischs.com/ LOW 20's might be a great long term entry. Quote Link to comment Share on other sites More sharing options...
Supplicium Posted May 19, 2010 Report Share Posted May 19, 2010 audusd down 70 pips in early trading.. japan down 5% early. tomorrow should be great for us bears. timber! Quote Link to comment Share on other sites More sharing options...
Guest 614Streets Posted June 2, 2010 Report Share Posted June 2, 2010 Down 15% today http://finance.yahoo.com/q?s=bp Quote Link to comment Share on other sites More sharing options...
Kevin R. Posted June 2, 2010 Report Share Posted June 2, 2010 BP time? I'm scared to touch it. Watching the statements at the Judiciary it appears there is little fault in BP. Rent rig. Rig responsible for any damages or spills as per contract. I am sure they will have to pay something as a "save face" move but definitely not $300 billion. Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted June 2, 2010 Report Share Posted June 2, 2010 BP time? I'm scared to touch it. Watching the statements at the Judiciary it appears there is little fault in BP. Rent rig. Rig responsible for any damages or spills as per contract. I am sure they will have to pay something as a "save face" move but definitely not $300 billion. This is an interesting play, because BP only owns the well, but Im guessing Transocean (RIG) is the one leasing and drilling it.... solely based on this post. So, I mean the news is awful. Obama is vowing to get them by the jugular, they end up getting a lawsuit in motion against them, etc. I mean at the time back in the 80's the largest oil spill was the Exxon Valdez, but look where (XOM) is today. If there is one thing we can learn, it is that history repeats itself. This awful news may actually make BP an attractive company for speculative buyers. Quote Link to comment Share on other sites More sharing options...
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