August 2012 Trading thread

[highstakesfan]

I doubt someone was naked short BBY.... some people probably hold puts and calls PLUS BBY long or short... U cant be naked short BBY.... are you ?

[Pun Intended]

no, i'm not. i meant all the puts that were out there late last month. i feel like there were a number of posts about it in the july thread.

[EmptyThaClip]

kk, I'm short TWM @30.21 - i'll give a buck or something. idc, this'll be a fun 1st fadeeeeeeeeee of the month (I literally just typed up the ticker and initiated)

also, got in this morning short BBY @20.17

ETA: I mean, without ND around for the last couple of days I gotta put this LNKD money to work somehow yah'mean?

[cky23k]

Originally Posted by cky23k

Short CSCO @ 16.35 and short LHO @26.78

Doubled down on my CSCO short, average now @ 16.52.

Might add to my LHO short if there's another pop soon, but market looks fairly weak in the near term.

[savant111]

Holding twm over night cause Market closed near the lows, indecies at top of its range, fxe stalled out
TLT holding support, and the vix was up 2%

[allstarrt]

Went long JPM today. Will probably hold onto it for awhile

[tastychicken2]

batting 90%+ on my stocks this earnings season so far in terms of positive move (which is absolutely ridiculous).

haven't had any go down -5%+ and at least 4 so far 10%+.

hope this doesn't jinx it

[Madmaniac21]

VRNG had a nice pop today after AOL settled. Can't wait till someone leaks the $$ amount

[chopstick]

Great job, tastychicken2!

[dcg3]

Originally Posted by allstarrt

Went long JPM today. Will probably hold onto it for awhile

I did the same a few weeks a go, got in at 35.98. Also looking to hold for a while

I went long KCG (Knight Capital) this morning at just under 2.80, thought about selling when it hit 3.20 but going to ride it out cause I love the gambol too much.

[homeboy604]

does buffet release his letter with every quarterly report? if so is it out yet?
any opinions on their earnings?

[highstakesfan]

Originally Posted by savant111

Holding etf TWM over night cause Market closed near the lows, indecies at top of its range, fxe stalled out
TLT holding support, and the vix was up 2%

Not that I dont dabble in them myself here and there, but leveraged inverse ETF's are terrible vehicles. You do know they (leveraged ETF's) track terribly for a mulitude of reasons.

I am sure you are aware of this website for info.

http://etfdb.com/etfdb-category/leve...nth/sortdir/d/

http://etfdb.com/etfdb-category/inverse-equities/

.

[SenatorKevin]

Scalped some BBY today for a small profit. Kinda blew a chunk of my profits by not having a damn level2 window on the ticker, but oh well. Guess I should be focusing more on my day job.

[savant111]

Originally Posted by highstakesfan

Not that I dont dabble in them myself here and there, but leveraged inverse ETF's are terrible vehicles. You do know they (leveraged ETF's) track terribly for a mulitude of reasons.

I am sure you are aware of this website for info.

http://etfdb.com/etfdb-category/leve...nth/sortdir/d/

http://etfdb.com/etfdb-category/inverse-equities/

.

This is a quick trade for me win or lose. I wouldn't hold TWM or TZA for more than a few days. Here the TWM made sense because small caps have been lagging and if we downswing it might not last long so the 2x gives me more bang for my buck and frees up capital in case I want to make another move .

I think I'm in a decent spot, but who knows I can easily get stopped out of this tomorrow. Right now US futures are pretty much flat.

[Brons]

Originally Posted by homeboy604

does buffet release his letter with every quarterly report? if so is it out yet?
any opinions on their earnings?

His letter comes with the annual report.