July 2012 Trading Thread

[MaliceUW]

Originally Posted by MaliceUW

nugt @ 8.48

stopped out around 9.5 for a 12% gain

took small position in SDS at 16.04

[cky23k]

Originally Posted by Spenda

so what happens to those (legitimate) holding it?

Trading has already been suspended on the NYSE. You'll get re-listed on the OTC market under a new symbol. Share price will then bleed slowly approaching the infamous $0.0001 number.

[cky23k]

Originally Posted by MaliceUW

stopped out around 9.5 for a 12% gain

took small position in SDS at 16.04

Nice trade, but you held it for way too long IMO.

[cky23k]

Originally Posted by cky23k

+3% in 4 days. Haven't covered yet think there could be some more downside. Will re-evaluate near tomorrows close.

+7% in 5 days. Still holding, will likely liquidate either tomorrow or day after.

Still haven't found any good longs. RSH is an ok'ish short but not going to take a position since it's already bled quite a bit. I was also looking at another SSRI short, but missed the boat after today's sell off.

[dcg3]

Thinking about going long on Barcleys (BARC.L) almost pulled the trigger today at 166.50 but couldn't, I am slighly worried about more LIBOR scandal coming out in the press within the next few weeks. I think are still in a decent financial postion and will recover pretty well, thoughts?

[PokerMinion]

Originally Posted by dcg3

Thinking about going long on Barcleys (BARC.L) almost pulled the trigger today at 166.50 but couldn't, I am slighly worried about more LIBOR scandal coming out in the press within the next few weeks. I think are still in a decent financial postion and will recover pretty well, thoughts?

I like the Barclays trade, might see it dip under $160 but if your holding it LT definitely upside potential. It's similar to the JP Morgan situation in a sense that when the heat passes and people start to put that in the back of their mind I see a still solid company that can continue to build (Hoping they don't repeat or come up with a new issue).

Just my 2cents.

[savant111]

Getting killed today in KORS down 6%. Expected volatility but damn. Position isn't huge.

Picked up ULTA at 90.60.

Done buying for the next few weeks. 50% invested. 50% cash. This is where I wanted to be at the beginning of the week, but I thought we'd start to bounce today too so wtf do I know .

[JBmadera]

bought INFA, $29.40, strictly as a takeover play. added to my ATLS swing position @30.57.

watching /CL - we break above 85.11 will go long for a scalp.

[JBmadera]

Originally Posted by JBmadera

bought INFA, $29.40, strictly as a takeover play. added to my ATLS swing position @30.57.

watching /CL - we break above 85.11 will go long for a scalp.

filled /CL at .11, target 85.40, 10 tick trailing stop

[JBmadera]

Originally Posted by JBmadera

filled /CL at .11, target 85.40, 10 tick trailing stop

2 off @ .21, +10, stop to BE

[JBmadera]

Originally Posted by JBmadera

2 off @ .21, +10, stop to BE

trailers stopped at BE, reloaded again at .11, took one off at .21, +10, 1 off at .28, +17, stop to BE....now let's run this back to .40

[JBmadera]

Originally Posted by JBmadera

trailers stopped at BE, reloaded again at .11, took one off at .21, +10, 1 off at .28, +17, stop to BE....now let's run this back to .40

two off at .33, down to a runner, stop up to .30

hit daily going, time for a dip in the pool (perhaps an early a.m. adult beverage as well)

[savant111]

DDD at $32.69 is pretty compelling to me. Can't take on any more exposure or I'd buy it.

ANF up 4% today.

[highstakesfan]

Originally Posted by savant111

Getting killed today in KORS down 6%. Expected volatility but damn. Position isn't huge.....

I hope u are not taking 6% losses on stuff like this ?

Need tighter stops than 6% imo

2% Stop Loss and live to fight another day

.

[dshen13]

savant, how much are you down YTD? you post a ****load of losing trades.