05
Mar
Posted by Sensei @ 12:16 pm on Wednesday, March 5th, 2008 in Trades
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.
Tags:
aapl,
amat,
amzn,
drys,
jrjc,
mzz,
ndx,
rut,
tbsi
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3 Responses
Sensei
March 5th, 2008 at 12:39 pm
1I sold AMZN..I forgot. @ 65.34 for a gain of 3%
link
March 5th, 2008 at 12:51 pm
2I’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!
Sensei
March 5th, 2008 at 3:37 pm
3Well 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.
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