It looks like the NDX will test 1933 this morning. That might be a good place to try a short.
1933ish was the 6-19-07 low as well as the morning low of yesterdays trading action in the NDX. If the NDX gets above tat 1935 will be the next resistance to contend with. On an intraday [...]

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Being short. The market finally gave me what I was looking for. Down movement. The June 47 QQQQ puts that I’ve been buying like wildfire were really volatile today. I was down about 31% yesterday and they rallied over 70% today leaving me with about 24% gain. I originally posted 17% gain, but it looks [...]

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Being short. I actually had a shot this morning of taking the index funds off the table with nice gains, but decided to dig my boots in and hang on. Most indexes finished up and that hurt my QID buys as well as the QQQQ put position I’ve accumulated over the course of the last [...]

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What a difference a day makes.
Being long. My NDX index fund position gained all of yesterdays loss + a little more, while the R2K index fund position essentially gained all of yesterdays loss back. So my index funds are slightly up.
The QQQQ call buying spree that I did over the last few days looked like [...]

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A pretty boring day actually. I was lightly long with some index funds. I went full bore eod today.
As far as stocks go, two movers today for me were HRSH and NEXM.
HRSH closed up about 5% although went higher during the day. I’m up 2.5% in one holding of HRSH and down fractionally on the [...]

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Being short.
I’ve been short this whole week and its been great. The index funds (2x) produced greater than 3.5% today. The QID trade was profitable as well 2%+. My only mistake was selling the puts yesterday. They closed out today for a 138% gain from .73 “rebuy” from Tuesday near the close. I can’t complain [...]

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Being Short.
Obviously the QQQQ put options were a great move. I locked in 34% today, however, I didn’t sell my index funds or QID. That was a good move as well because the market closed lower than morning cut off time. I had a feeling we were going lower, but with options the gains rack [...]

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Being Short. I tossed the index funds and the put options this morning near the lows. Seing up a 1% gain in the 2x beta funds and 18.5% in the QQQQ put options overnight. Its a good thing I sold because at one point near the close the options actually lost money on the day. [...]

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I’m going to combine a worked and sucked together.
HRSH - Up 4% today. The thrust above $5 happened near the close, within the last 10 minutes of trading. Up 7% on first position, up 2.5% in the second piece.
JMBA - Up 2.7% today.  Up 7.6% since buy.
SMDI - Down 1.4% since buy and I am [...]

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Being long. The index funds made in between 1-2%.
I bought some calls near the eod because I think the end of month buying might carry the markets to new highs. Plus this M&A activity is insane and that is also propping up the market.
DEPO - Stalled today.
NEXM - Stalled today.
JMBA - Danced higher.
RDNT - My [...]

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Being long. Market went against me again today and the index funds got hit again today.
The calls I bought this morning that were actually up as much as 4%, are down big tonight. I didn’t cover because I missed where I should’ve covered and now I’m letting em ride. They are June QQQQ calls so [...]

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Being Long. I sold out of index funds this morning for a 1% gain. I forgot to post that.
ZL - Moving higher. Chart getting better.
BUF - Closed higher today.
CHTR - 7% gain on the day. My options actually could have been sold for 100% today, but I decided to hang on. Again in hindsight I [...]

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Being long. Marginal gains in the index funds. I’m expecting a strong close to the week with the SPX teetering on top of 1500 and NDX so close to 1900. Come on are they NOT going to get the NDX over 1900 while the tape is this strong? Who are they fooling? When I say [...]

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It feels good to get it right. Getting out of shorts this morning was the right call on the leveraged ETF’s.
This is what also feels good.
BRKR Down 22% today! I got out here. I made my money and moved on. BRKR might be oversold. I haven’t seen the data yet.
Still up in ONNN and USEG [...]

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If you are short and I know someone commented about it already. Today might be our day. I’m still short with index funds and taking a small beating. Its like I’m passed out at a party and someone is taking a leak on me. Sorta like that. It won’t kill me, but it stinks.
As I [...]

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