Being long! Helluva day today. The only way it gets better was being long at the close yesterday. Something I considered if you read my bullsh post yesterday. Well by the tone of my post yesterday you could tell I had a boner to be long, but I didn’t say it specifically. I did get [...]

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Th call to close out shorts yesterday was a good one. I went long the RUT @ 666ish and the NDX @ 1720ish this morning. I’m glad I didn’t take the hit and at this point I think we are going to continue the rally after the Fed announces. This mornings action is extremely rare [...]

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Worked:
Being short. “I swapped lightly to the short side today looking for more selling into Monday morning where I’ll look to either flip or cut.” Well I didn’t cut or flip Monday morning, but that was the trade. Instead I held onto my short and closed it at the eod for a 3% gain in [...]

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BSC gets taken out for $2 a share today by JP Morgan and the Fed takes on the debt.
LEH and MER down hard premarket, while JPM up 1% because they are benefitting from this deal.
The Fed also cut the emergency lending rate to 3.25% and opened up the window to Investment banks as well.
Market futures [...]

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Just some follow up. Remember HSVLY???? Another all time high today. This stock is probably going to the moon for two reasons.
1. My original finding of the stock based excellent fundamental reasons. Then actually purchasing it. Finally talking endlessly about it then selling it and currently not owning it. Probably the most important reason.
2. Like [...]

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Worked:
WX - Made 10% on the trade, WX closed up 13.3% today. It was the top stock on my list of stocks up by a wide margin of anything else. Good picking there.
CPST - Continues to get a bid late in the day for the second or third day in a row. I like this [...]

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Index long trade was absolutely looking great until BSC came out around 9:50am and turned down a huge up opening for the market. F$%k.
WX - Dumped it  22.52 for a gain of 10%. I sold it basically because of a panic on the market open and didn’t want to see the profits disappear. Jefferies upgraded [...]

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This is a late posting. Was extremely tired and I guess it caught up to me. I konked out last night early.
Worked:
EMKR and CPST both came back and closed positive. I was impressed with CPST’s trading action yesterday. Nice volume right near the close to push it back to even. CPST looks good long term [...]

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Another balls of steel trade except this one is working today so far:
Bought UWM @ 44.82 @ 11:23am UWM is currently up to 46.21 right now
Bought SIM @ 10.96 for the steel trade.
Bought WX @ 20.39 << this one is sucking right now.
Added to SJT position @ 39.62
EMKR is sucking balls today.
CPST kinda holding up. [...]

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Worked:
The QID short, the UWM trade,  AMAT upped a little more, DAR was up almost 2%.
Sucked:
Being long the indexes and NOT taking the gains this morning when the market popped. Grumble… I cashed out those index longs eating the loss of 2% in the RUT and less than 1% in the NDX. Might have been [...]

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Covered the QID short this morning @ 53.29 for a gain of 3.5%
Bought UWM @ 45.82 around 10:40 before the market popped. Then sold UWM @ 47 flat at the 11:20 bar for a very fast 2.5% gain. Which at this point was a perfect sell. However, I attribute it more to me having to [...]

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Sucked:
Not being long for today’s move when I’ve been trying to go long every other day. Believe me I’m pissed off about it, but this one is my fault, I fell pray to listening to some noise that we are going to crash. Noise strikes again.
Worked:
Shorting QID - Up over 2%. I got short the [...]

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Shorted some QID @ 55.27
Been waiting for this move for awhile.

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On Friday I bought SJT.
Today I sold CPST.
The market is going down everyday and we still haven’t seen the panic. I’ve got an inkling that if it doesn’t come today, its coming tomorrow. At that point I’m going to be a buyer again.
I’m in cash in pretty much everything except my YHOO calls which are [...]

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Worked:
JOYG - March 70 calls flipping for 29% this morning.
Sucked:
Everything else.
AAPL - Sold at breakeven. AAPL was doing great this morning even in the bad tape, but everything was sold mid afternoon and AAPL went with it.
NOEC - Down from my buy point a little bit. What I’m looking at with NOEC is the greater [...]

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