ATVI - Nice move today that rocked the options into profitville. I’m still waiting to hear if the options will be repriced with a better close, because I definitely got the shaft. However, the selling of the calls in the morning was a great move regardless because 85% gain in a dead position is better [...]

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SPLS - Sold the options for 50% gain– less commish around 39-40%. The same options have jumped about 600% off the bottom though in 4-5 days.
UA - Under Armour is finding home at these levels. I have it on a buy. Up 3% today, down over 20% though in the trade.
RUT - The gain I [...]

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Being long the RUT. That sucked. The RUT ended down about 1% for the 2x leveraged funds, while the other indexes closed higher on the day. Taking my NDX portion to cash yesterday. That sucked too. The gain in the NDX would have offset the RUT loss a little bit.
What worked…
ICTL - It looks like [...]

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Holy Smoketh! The market raged on as the short’s anooses burned.
Being long. I got 7.2% in the RUT and 6.06% in the NDX from yesterdays closing price. When I split my position, I actually slightly lost out on the opportunity to make more by being solely in the RUT. I’m not complaining though. It was [...]

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Being long. Yesterday was a disaster in the market, and I was long. I couldn’t post because I’m on vacation and don’t have ready access to internet access. I saw what happened today. It looks like the bottoming process has definitely started. We should get a second up day tomorrow. We haven’t seen two in [...]

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Being long. I bought the weakness on Wednesday and Tuesday in the R2K like I said I wanted to do on Monday night’s post. That paid off today in the shortened session.
I’m still waiting to strike after really just having a bad month. Maybe we get a vicious bounce to the upside when big money [...]

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Patience. I’m waiting to strike for the next trade. I’m in cash looking for a tradeable bottom tomorrow for the indexes. The Fed speaks tomorrow. If the morning is weak, I just might be buying it.
Last week (November 14th) I said:
“As far as new trends nothing looks all that good right now, but the few [...]

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RIMM calls. I got a little more than my $2 today. With all the volatility they finished up to $2.6. Thats .60 higher then my buy price of $2 yesterday - 30% gain.
If we were smart, and I was so close to being smart this morning, we could’ve loaded up on the November 105s when [...]

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Selling in the morning. Dropping my index longs this morning was the right call because I would have lost close to 3% and 1.5% if I hadn’t. I’m happy about that. I was ” ” this close to actually going short, but didn’t have the strength to do it. Getting a little bit of profit [...]

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Being long. I called it yesterday in the comments of this post. I bought the dip yesterday nicely. I bought the ndx in my 2x funds, the qld which is 2x, CSCO calls, and QQQQ calls were all profitable. 8% in the NDX today for 2x funds. I’ve never seen a closing move that large [...]

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Nothing worked today other than keeping a positive clear head and figuring out what my next trade is going to be. That is up. I’m playing the bounce and I think its going to be a big one.
I bought some AMTD calls today because I saw the E-Trade chart and know that SIC hedge funds [...]

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Being long the indexes. 2% pop in the NDX. Its the only index I’m long.
I’m worried about tomorrow though with GM’s afterhour 39 billion non-cash charge and what that might do to the market. However, CSCO is afterhours tomorrow and that can save the day/week. The bifurcation between financials and technology is amazing. I know [...]

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Being long the indexes. I’m glad the bounce happened because I was getting worried there for a minute. Not to say we couldn’t pullback next week more, but it looked like we may have bottomed for the year….possibly….I hope. COMPX tested the breakout level I mentioned the other when I posted that chart. The trade [...]

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Being long the indexes. Nailed close to 3% today. Overall today was a big day.
CEDC - I loaded up on call options yesterday and the day before. I sold today with nice gains, however, eventually CEDC got to my target price and then went even higher. CEDC closed up over 5% and went as high [...]

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NBG, NYX, DAR, AZK, all still marching higher.
BWLRF - 7% up day today. BWLRF looks like a fresh buy signal today.
GLOB - A nice 11.3% day. I already owned it going into today, which is at breakeven, but I bought fresh positions in GLOB today for two other accounts.
SVA - Currently up 59.6% and it [...]

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