August 2012 Trading thread

[savant111]

Originally Posted by cky23k

I'm trying out a new trading strategy I developed this week. If all goes well I'll start posting trades soon.

This new approach is more robust and should yield higher returns in a shorter amount of time... I hope. I've taken two short trades yesterday both down ~3% today, lets see how this plays out.

Why are you making changes to a system that is working so well for you?

[SenatorKevin]

Almost **** my pants when I saw ARR way up this morning. Stupid Knight Capital...

[JayTeeMe]

WLT with an earnings beat despite coal supposedly going the way of whale oil. Knew I loved that stock...

[napsus]

[Morishita System]

Originally Posted by Mori****a System

Good luck.

Bought a full position in MRVL with an intention to hold until it goes beyond the Graham value.

Bought 1u worth of puts on LNKD because I'm a degen. Here's hoping for a GMCR-like epic fail.

Sold 2/3rds of my LNKD position to cash out; freerolling the rest of it through earnings.

[dshen13]

someone's gotta give props to ND. eveytime he rolls in this thread he provides huge value.

[Morishita System]

Originally Posted by dshen13

someone's gotta give props to ND. eveytime he rolls in this thread he provides huge value.

His GILD pick is the one that just keeps on giving.

Dumped half of my DNB puts at $3 to cash out. Freerolling the rest.

[jb9]

Originally Posted by SenatorKevin

Stupid Knight Capital...

Are they going to survive this?

I honestly have no idea, but it has been a day, their stock is down from 10 to 3.4, they've announced a $440M loss, and they are seeking funding.

Hell of a software error...

[nuclear500]

Re: Knight Capital....

Yahoo Finance is showing $7.5B in cash and $5B in debt. Why do they need funding for a mere $440M?

[Shuffle]

Wouldn't it be crazy if client money were to disappear?

That could NEVER happen ...

[jb9]

Originally Posted by nuclear500

Yahoo Finance is showing $7.5B in cash and $5B in debt. Why do they need funding for a mere $440M?

Yeah, not sure what to think about that, but I'm guessing they don't have $2.5B in their back pocket.

[savant111]

LTD had nice same store sales numbers today. Up 12% from July of last year. Also announced a $1/share special dividend, and raised guidance.

Going to let the market settle out, but I want to trade this to the long side at some point.

[CalledDownLight]

bloomberg shows KCG as having under $500MM in cash and over $4B in debt. not sure where yahoo gets their numbers, but I wouldnt trust them.

[savant111]

I'd recommend just going to the SEC filings and pulling financial numbers from there.

I get them from fool.com, but you can usually get them from the company website, yahoo, and probably a million other sources.

[DeezNuts]

Originally Posted by Mori****a System

His GILD pick is the one that just keeps on giving.

Dumped half of my DNB puts at $3 to cash out. Freerolling the rest.

I sold 40% of my puts @ 3.1. Good call!