http://www.stockrake.com

Being long. I held my index longs overnight from yesterday thinking maybe CSCO would help out. When CSCO reported they basically took the biggest dump in several years. I think 12% drop over 2 days – 9% or so today. I had CSCO calls as well that are basically worthless now. So that sucked too.

The NDX at one point was down 4.25% or more I can’t remember as my blood pressure made me whoozy. That would have been a 8.5% loss in my NDX index long. Instead I only got hit with a 5% loss. Yeah baby!!! I was actually hoping it would only be a 5% loss today. Mind you 5% loss in one day is rather rare for the NDX in itself. A 9% move let alone a 8% move is something I’ve never seen since trading the 2x funds. A 7% move is rare within the last 3 years, but was common in the 2002 slide – hmmmm.
A buddy of mine mentioned YHOO was reporting tonight, I liked where YHOO found support today so I bought calls without thinking to double check myself. Turns out that was bad info and on my part a stupid thing to trust. However, on a technical basis, YHOO has had a major pop off these levels before. Now, NVDA did report tonight and popped 7.6% afterhours. If I actually paid attention and looked up who was reporting, that would’ve been where I would have deployed capital. The chart looked good going into this report. Damn.

I dumped some stocks in my IRA. USEG, ALAN, and UVE and traded it all for a bigger position in SVA.

I also did that in another account where I had some ASUR.

I’m fairly overweight SVA.

I kept AZK which is working and they report on the 12th of November. TOVC I also kept.

The positions I have that are down will get sold if we some bouncing tomorrow or anything else next week going into options expiration.

Another thing that sucked: BWTR popping 6.34% today and 40% later when I bought/sold it.

Also when the bounce or any bounce comes I’m going to start posting/looking for short candidates.