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Bought More FRPT

Bought more FRPT on the gap lower this morning, also picked up some ROYL and BEXP.
Markets off the lows, I expect a close today that is higher than what we saw today at the lows of the morning.



What Rocked Today?

The market. 4% in the RUT and 1.5% in the NDX. It looks like Dell doesn’t look too hot AH and that might have an effect on the morning open.
FRPT - Rocked today, until after hours they mentioned they are restating a quarter from 2007. BS there, but this is what happens in these POS [...]

I’m long the indexes and they are doing well today. Dow has hit +200 on the day. Double funds and leveraged ETF’s are doing well.
FRPT bought yesterday is having a minor breakout today. I’m expecting considerably more upside.
QCOR still performing.
MRVL bouncing.
Bought:
BBY - Charts look good.
I’m looking at CAKE, CPKI, RT, CPST again, CWTR, VIFL, UYG [...]

Indexes Worked, Stocks Not So Much

Indexes rallied today giving me 2.6% in the RUT and 1.5% in the NDX. That was nice, but we really haven’t made much progress to the upside yet. I say yet, because its possible that is coming in the next few weeks. Or I’m incorrect and I’ll eat my words.
During these past two weeks of [...]

Sold SOLF Taking The Lump Bought Another POS

I sold SOLF. I can’t wait around anymore. Took a 9% loss overnight. That bites, but its time to move on. Its definitely a value stock, and one if I wasn’t so “want gains now” minded I would hold on, but then I wouldn’t have any capability to buy crap that is actually moving. As [...]

Cashed in the CPSL trade today. Normally I’d keep this sucker running, but apparently its a trader’s market now. You are probably hearing it all over the place. Take the gains while you got em. However, this type of market is likely to break into a trending market sometime soon. At least thats my bet. [...]

Bought QCOR

In @ 5.2, has since moved 7 pennies.
Part of the biotech sector uptrend, nice daily breakout happening today.

I contemplated between adding to CALM or buying QCOR, and since CALM is acting $hitty, this is where I went. adding to sectors that are holding up.

Sold CPSL For A 8% Gain

I’m so damn chicken right now to hang onto CPSL. Any rip has been met with vicious selling and CPSL looks like its running into some now. That might not last and it might go back up, but I’m not taking chances.

Sold RT For A Loss

Sold RT for a loss of 6.3%. The market is crushing any sector that turned up.

What Have I Been Saying?

What have I been saying for 2 weeks?
Hint:
B _ _ _ h _ W _ a _ n _ s s!
What caused the rally today? Was it Buffett this morning? Was it Bernanke? Was it bullshit? Yes the answer is bullshit, because neither of the two stories the financial [...]

For some reason this market is not selling off the way it could and the way it should if this market is tanking. Instead, to me it looks like a normal, rational, pullback, after an otherwise huge upward move.
So I still stand by my mantra, buy the weakness.
PLUG - Working pretty well, up 3% on [...]

Buying Weakness - Still

Bought UWM and QLD this morning with impunity. Up on both of those trades. I knew I had too much of a good thing when CALM hit 9%. Today it pulled back hard.
Things still look ok and I’m looking beyond this week’s trading action, not tomorrow or Friday.
I’m a little ticked though I missed the [...]

Am I Scared?

No. I’ll see what happens this week, react, and make money. I added to my long position today. I didn’t post yesterday due to the happenings of Tropical Dud, Fay. I sold MATK yesterday with a loss of a few %. I did this as shot to buy a firework related play and its a [...]

One Week Too Early, The Weakness Is Here

I was early with the short call last week, because today folks - its here. This is what I was trying to short for. However, now the market has puled back enough that I’m buying. I’ve bought the indexes this morning. You know ABC, from Glengary Glen Ross? Always Be Closing? I’m AFE. Always Fu$kn [...]

Made Some Money On The Short Today

About time! However, the risk/reward was crappy and the gain matched that. Today the NDX gained .70% and the RUT did .26% whoooopeeeeeee. Overall I lost money this week attempting to short the trend. I said buy weakness and that is what I did today at the close. I’m now long the NDX and RUT [...]

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