Midday Update

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March 5, 2008

Bought:

DRYS March 75 calls

Sold:

JRJC @ 19.86 for loss of less than 2%

Shorted:

MZZ @ 63

—

The three A’s still holding up.

AAPL, AMAT, and AMZN

Like the market, TBSI popped today, just after I sold it. Scenario continues.


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  • http://www.stockrake.com Sensei

    I sold AMZN..I forgot. @ 65.34 for a gain of 3%

  • http://www.stockrake.com Sensei

    I sold AMZN..I forgot. @ 65.34 for a gain of 3%

  • link

    I’m trying to learn about trading and have been following you for a couple of weeks. Can you tell me why you decided to short MZZ instead of going long? Is it fundamental or technical and what specifically?

    Thanks!

  • link

    I’m trying to learn about trading and have been following you for a couple of weeks. Can you tell me why you decided to short MZZ instead of going long? Is it fundamental or technical and what specifically?

    Thanks!

  • http://www.stockrake.com Sensei

    Well the pricing on these 2x etfs are really shitty and it ends up being more beneficial % gain wise to short the short version of the pair (most of the time) rather than buy the long version.

    It was a technical trade. I covered with a little bit of a gain and I’m looking to short QID as well.

  • http://www.stockrake.com Sensei

    Well the pricing on these 2x etfs are really shitty and it ends up being more beneficial % gain wise to short the short version of the pair (most of the time) rather than buy the long version.

    It was a technical trade. I covered with a little bit of a gain and I’m looking to short QID as well.