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September 2013 Trading Thread September 2013 Trading Thread

09-20-2013 , 01:39 AM
Quote:
Originally Posted by Jupiter0
Baltic Dry Index broke out of a triangular consolidation, retested and is still going strong. Some decent looking shippers ESEA, PRGN, DRYS. A lot of them are coming off high flags BALT SBLK
Nice follow through yesterday on DRYS and ESEA on volume
September 2013 Trading Thread Quote
09-20-2013 , 09:56 AM
New investment golden rule. Never short TSLA, never buy TSLA puts.
September 2013 Trading Thread Quote
09-20-2013 , 10:10 AM
Quote:
Originally Posted by Jaug
New investment golden rule. Never short TSLA, never buy TSLA puts.
I know this is tongue-in-cheek, but I've considered the stock literally unshortable for the last couple months. There may be a time when it's right to short it, but you need to wait for the character of the stock to change first. There are plenty of people who want to short it in front of some negative catalyst and/or feel like a real smart guy by top-ticking it, but that's a great way to get your face ripped off.

IMO this is a stock where it's better to be late than early if you're shorting it.
September 2013 Trading Thread Quote
09-20-2013 , 10:16 AM
Quote:
Originally Posted by Shark Sandwich
I know this is tongue-in-cheek, but I've considered the stock literally unshortable for the last couple months. There may be a time when it's right to short it, but you need to wait for the character of the stock to change first. There are plenty of people who want to short it in front of some negative catalyst and/or feel like a real smart guy by top-ticking it, but that's a great way to get your face ripped off.

IMO this is a stock where it's better to be late than early if you're shorting it.
I wish one day i will be wise enough to buy the stock i am scared of shorting or not ready to short because i see a run coming on a pos stock.
September 2013 Trading Thread Quote
09-20-2013 , 10:22 AM
Quote:
Originally Posted by MyrnaFTW
I wish one day i will be wise enough to buy the stock i am scared of shorting or not ready to short because i see a run coming on a pos stock.
Likewise

Act like you're dumb on the way up, be smart on the way down is pretty much the way to trade any bubble. Much easier said than done though.
September 2013 Trading Thread Quote
09-20-2013 , 10:45 AM
Quote:
Originally Posted by Shark Sandwich
Likewise

Act like you're dumb on the way up, be smart on the way down is pretty much the way to trade any bubble. Much easier said than done though.
well, im trying to learn that with my wtf long holdings of KNDI and XONE ,
September 2013 Trading Thread Quote
09-20-2013 , 10:46 AM
Officially looking for an exit with SKUL. Will basically be out of it 100% of the time today.
September 2013 Trading Thread Quote
09-20-2013 , 11:04 AM
f- September.

SLV and SDS crushing me this month.


INTC, CRK getting called away from me today.
Also unwound my position in coal for about breakeven after being down a ton.
September 2013 Trading Thread Quote
09-20-2013 , 11:09 AM
Quote:
Originally Posted by BigBiceps
f- September.

SLV and SDS crushing me this month.


INTC, CRK getting called away from me today.
Also unwound my position in coal for about breakeven after being down a ton.
i also had a crappy september , xone, fdx cost me some. cant have a winning month every month man, otherwise cnbc would be asking for some face time.
September 2013 Trading Thread Quote
09-20-2013 , 11:17 AM
Me too. Lost quite a bit shorting the market this week - got surprised by the QE announcement. But the few strangles I had paid off nicely as did getting in front of the TSLA spike this morning, so only down a few K.

Writing a custom trading/charting/research/visualizing/alert program right now, all the commercial stuff can't display results well or isn't strong enough on screening for some things I'm interested in.
September 2013 Trading Thread Quote
09-20-2013 , 11:19 AM
Quote:
Originally Posted by Jaug
I would strongly advice against this. Gold was in a falling trend. The only reason why gold exploded yesterday was FED. But a one time announcement does not change a trend. I think you have seen the top now at 1370 and it will go down to 1340 or something.
I dont wanna be that guy but this is exactly what happened. I do not expect gold to outperform ahead either. It's not the go to commodity for hedge and this makes it unbuyable.
September 2013 Trading Thread Quote
09-20-2013 , 11:20 AM
Out at ~6.28 average
September 2013 Trading Thread Quote
09-20-2013 , 11:43 AM
Quote:
Originally Posted by BigBiceps
f- September.

SLV and SDS crushing me this month.


INTC, CRK getting called away from me today.
Also unwound my position in coal for about breakeven after being down a ton.
I'm up almost 1.3% month to date, which is pretty bad considering my benchmark is up 3.7% as of last night.

Stupid small position in XONE... I'd be underperforming (fine with such a large cash position), but I'd be up a bit over 2% mtd if I hadn't bought it.
September 2013 Trading Thread Quote
09-20-2013 , 12:08 PM
Selling Oct covered calls for MRVL @ 15, and Jan covered calls for AGO @ 26, just in case congress decides to **** these over by not passing a budget again this year.
September 2013 Trading Thread Quote
09-20-2013 , 12:34 PM
Wow gold getting absolutely ravaged. Not seeing much turnaround in SPY yet either.
September 2013 Trading Thread Quote
09-20-2013 , 01:09 PM
Finally capitulated on XONE. Lost almost 27%...
September 2013 Trading Thread Quote
09-20-2013 , 01:22 PM
Quote:
Originally Posted by BrianTheMick2
Finally capitulated on XONE. Lost almost 27%...
yeah that was ugly,, I rebought at what i think was a bottom , did that opinion on cnbc sway you at all ?
September 2013 Trading Thread Quote
09-20-2013 , 01:36 PM
Quote:
Originally Posted by BigBiceps
f- September.
Quote:
Originally Posted by MyrnaFTW
i also had a crappy september
Quote:
Originally Posted by Truthsayer
Me too.
My TSLA puts ruined the month and the bear call spread @ 185 may ruin my Oct as well. **** TSLA and their perfect car
September 2013 Trading Thread Quote
09-20-2013 , 02:04 PM
Flattened my naked FB 55 calls for Oct at tiny profit, and wrote the naked 60 calls instead.

Feels safer at 60 than 55.

Last edited by BigBiceps; 09-20-2013 at 02:05 PM. Reason: got out at 0.17, there was a 15k block at that price as well that concerned me.
September 2013 Trading Thread Quote
09-20-2013 , 02:15 PM
Quote:
Originally Posted by MyrnaFTW
yeah that was ugly,, I rebought at what i think was a bottom , did that opinion on cnbc sway you at all ?
I didn't buy it because of cnbc. I like my decisions to be informed.

I had been interested in 3d printing for a while and like that they are printing for other customers and growing capacity. I still like the company and business model and management, but I'm really out of my element when I am buying high flyers.

I do much better on longer-term deep value plays where I can either get my money in really cheap or value-momentum plays where I can get my money in reasonably.

I'm fine sitting this one out for a while.

Shipping (someone mentioned them) is looking very interesting. I'm looking at SEA. It has been getting crushed for years and meets my momentum criteria. Will take my time thinking about it since I am on tilt.
September 2013 Trading Thread Quote
09-20-2013 , 02:19 PM
Quote:
Originally Posted by Shark Sandwich
I know this is tongue-in-cheek, but I've considered the stock literally unshortable for the last couple months. There may be a time when it's right to short it, but you need to wait for the character of the stock to change first. There are plenty of people who want to short it in front of some negative catalyst and/or feel like a real smart guy by top-ticking it, but that's a great way to get your face ripped off.

IMO this is a stock where it's better to be late than early if you're shorting it.
Having said this, the stock is pretty clearly seeing distribution today. Wouldn't be surprised to see it go red.
September 2013 Trading Thread Quote
09-20-2013 , 02:30 PM
Quote:
Originally Posted by BrianTheMick2
I didn't buy it because of cnbc. I like my decisions to be informed.

I had been interested in 3d printing for a while and like that they are printing for other customers and growing capacity. I still like the company and business model and management, but I'm really out of my element when I am buying high flyers.

I do much better on longer-term deep value plays where I can either get my money in really cheap or value-momentum plays where I can get my money in reasonably.

I'm fine sitting this one out for a while.

Shipping (someone mentioned them) is looking very interesting. I'm looking at SEA. It has been getting crushed for years and meets my momentum criteria. Will take my time thinking about it since I am on tilt.
I meant the interview in which a major fund manager said all 3d printing stocks are fads. i meant if they swayed you to sell. not buy.. its been an ugly month for xone though, for sure.
September 2013 Trading Thread Quote
09-20-2013 , 02:41 PM
Also some clean energy ETFs meeting my criteria.

Anyone have any thoughts? (Truth, I know yours on the governments' roles in these)
September 2013 Trading Thread Quote
09-20-2013 , 02:42 PM
Quote:
Originally Posted by Shuffle
AAPL paying homeless people to stand in line for their "record" iPhone debut:

http://losangeles.cbslocal.com/2013/...-iphone-5c-5s/

(long APPL puts)
you getting that wrong i think shuffle. its people that pay homeless people to stay in line for them so they dont have to wait. that happens all the time .
September 2013 Trading Thread Quote
09-20-2013 , 02:44 PM
Quote:
Originally Posted by Shuffle
AAPL paying homeless people to stand in line for their "record" iPhone debut:

http://losangeles.cbslocal.com/2013/...-iphone-5c-5s/

(long APPL puts)
I suggest actually reading the article.

AAPL is not paying them, people who want the phones and don't want to stand in line are.
September 2013 Trading Thread Quote

      
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