I love the weak opening today. I bought some QQQQ calls (wish I bought SPY or IWM after I made the trade), and some IWM calls.

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QLD - Went long the QLD when the NDX opened DOWN 5.3%. That was a big down open and one of the bigger ones I’ve ever seen. I made a small profit on the buy in and I sold out a couple bucks later.
RIMM - Worked well today, but AAPL is going to make this [...]

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AEO - American Eagle Outfitters. I liked AEO when it traded on the Nasdaq back under symbol AEOS in December 2005. I like it again. We are basically at the same levels as that time and American Eagle ran up about 300% from my buy point.
RIMM - I love it here. they had ridiculous [...]

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Picked up some RIMM @ 87.4

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I saw the futures and the whole overnight slaughter in world indexes. Germany down 7.7% was mind blowing.
I bought QLD for several accounts up a couple of percent so far. Seeing serious oversold signs today and we already had them before today. However, maybe we just close weak today and go up after todays close.

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This is delayed because my internet was down.
Being cash worked yesterday as the market couldn’t hang onto any of its big up open gains. The volatility has been insane this entire month, but especially this week.
DRYS - Nothin off that trade. Closed at my buy. Afterhours closed up to 57.
TBSI - Closed on its highs. [...]

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Delayed midday update…
In DRYS @ 56.49 still holding. Only one of these that has been semi-steady in today’s craziness.
In EXM @ 31.06 out @ 29.59 on panic, but close to stopping out now around the same price anyways.
In TBSI  @ 21.96 out @ 20.90. I should’ve rebought this, but I’m tired of the volatility today.
In [...]

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Being in cash. Indexes took an absolute beating and getting out yesterday was the half right move. I didn’t swap short and I could have. In fact I should have, but when the market is already down so much and you’ve been trying to jump an upmove for the last 2 months its hard mentally [...]

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FBR - In @ 3.19 Out @ 3.31. 3.7% gain
CREE - In @ 25.99 out @ 27.5 5.8% gain
JBLU - In @ 4.93 out @ 4.82 2% loss
HILL - In @ 3.5, based on closing price of 3.65 looking at 4%, but I’m still holding onto this one overnight.
JADE - In @ 3.49 out @ [...]

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Bought:
CREE @ 25.99
HILL @ 3.5
JBLU @ 4.93
JADE @ 3.49
FBR @  3.19

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Buying SCON midday. I sold out at 6.45 for a gain of 30% on an intraday basis. I’m nailing this intraday trading stuff day after day. Thats the good news.
I covered it all in the midday update.
SOLD:
WCI & NOEC for profits. They both dropped large today particularly NOEC. So I managed to save a 14% [...]

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Major index droppage. Big loss today in the SPX of 5%, RUT 4%, and NDX a whopping 5.6%. No reason to be long, yet I hung on for one more day and it looks like thats going to suck tomorrow too because of INTC - Intel being down 14% afterhours. Thats going to be good [...]

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Sold WCI really early on, when I saw the futures down and no intra-meeting rate cut announcement, I knew WCI wouldn’t hold onto its gains. Out at 2.32 so a 4% gain there. In retrospect that should have been an auto sell at the close yesterday for at least 13%. Next time WCI you won’t [...]

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Long the indexes. RUT up 2.2% and NDX up 3.8% on the double funds. 
Glad I didn’t cover it up last week. I added to those positions today as well as some SPX.
Sold my SEED today and took advantage of a nice gap up this morning. Closed all my SEED trades at 20% gain.

Sold my COIN today [...]

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Sold COIN, sold SEED, still holding NOEC, still long indexes, bought WCI, still long IBKR, still have MDR calls that are getting shalacked. This new stuff I’m working on though didn’t get me into the MDR trade.
Dropped BIDZ too early. 18% pop today.
COIN is up as much as 56% today alone, SEED is just surviving, [...]

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