Stock Market Day-Trading Discussion Thread

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Place your bets boys!. My puts went from .71 cents to .85 and now back to .72 on this spike here recently. This is gonna be fun win or lose!



I <3 Volatility!
 
[quote author="BlackVault CM" date=1233194243][quote author="WINEX" date=1233189925][quote author="usctrojanman29" date=1233189234][quote author="BlackVault CM" date=1233183341]Liquidation complete. 95% cash, 5% puts as of.....10 min ago. Going into hibernation.</blockquote> Once this smoke about the bailout and bad bank/good bank fades we go lower, I think we will make new lows in the Fall when people realize that the recovery isn't coming in the second half of 2009 or even in early 2010.

</blockquote>


Buy the rumor, sell the news. Until the details of Good Bank/Bad Bank are announced, I believe that the financial sector goes higher. Once the details are announced, that changes. Of course that change of course can be pretty violent if nationalization involves a wipeout of the common stock.



If you are going to play this one, I recommend getting out before the close of market on Friday. Possibly sooner.</blockquote>


Exactly. The market ralied the past few days on the anticipation of the bill. My thought is...is this it? Seemed like it rallied more than it really did. We are still at low 8Ks. What happens when bears come back again? Do we retest 7.5 and head to 7? I think so.



The odds of DOW going to 9K is much worse than it going to 7K. So I don't think I'm risking much by liquidating my position. Also, instead of shorting and risking capital. I bought puts. 5% in puts gives me almost as much leverage as going 95% cash. If I'm wrong...I lose 5%. If I'm right...I gain another new Benz...maybe a boat...yeah I always wanted a boat. Then again...I'll go back to being cheap old me...and simply re-invest it.



Wait..damn it...forgot. It will go to my sons college fund. It's a boy btw. YEEEEHAAAW!</blockquote>
Congrats! Be smart and send him to a UC school like UCLA or Berkeley for his undergrad studies and then off to USC for grad school. ;)



Btw, mind sharing which puts and what month/s you picked up (either here or thru a PM)?
 
[quote author="tenmagnet" date=1233195902][quote author="BlackVault CM" date=1233194243]

Wait..damn it...forgot. It will go to my sons college fund. It's a boy btw. YEEEEHAAAW!</blockquote>




Congrats on the boy

Make sure you send him to USC.

That?s where all the high earning, uber achievers go.



Where do I send the gift.

Are you registered at Babies R?Us under Mr. & Mrs. B.Vault?</blockquote>


I'll make sure I do that. First I'll try to get him hooked on the stock-market so he can work for me and that way I can use college money for that boat I wanted. If he doesn't like it...then he can pursue whatever he wants. But I can't imagine him not liking it.



We haven't registered yet. Babies R'Us will be one place, but for you...it will be at Armani R'Us.
 
[quote author="usctrojanman29" date=1233189234]Btw, mind sharing which puts and what month/s you picked up (either here or thru a PM)?</blockquote>


Puts were for:



Feb/17/CSCO@0.71

Feb/25/MT@1.58

Jun/30/QQQQ@2.70



EDIT: MT not NT
 
[quote author="BlackVault CM" date=1233197723]

We haven't registered yet. Babies R'Us will be one place, but for you...it will be at Armani R'Us.</blockquote>


Why not?

Success begins in the womb.

He?ll have style, opens many doors.

I?ll check with Prada see if they make baby shoes.
 
[quote author="WINEX" date=1233194607][quote author="BlackVault CM" date=1233194243]



Wait..damn it...forgot. It will go to my sons college fund. It's a boy btw. YEEEEHAAAW!</blockquote>


Congratulations.</blockquote>


Big Congratulations from the Panda!



BV, I hear once you have a child of your own it is a life changer. Starts to put things into prospective of what is really important in life. Make sure you don't start teaching your baby boy how to trade stocks until he is age 5 ok? He may not understand what a put, call, naked shorts means before that age. I can already see baby BV becoming the next Warren Buffet.



By the way, forget USC or any UC schools. Make sure you enroll him in the Wharton School of Finance.
 
[quote author="BlackVault CM" date=1233194243]Wait..damn it...forgot. It will go to my sons college fund. It's a boy btw. YEEEEHAAAW!</blockquote>
Congratulations!
 
[quote author="skek" date=1233213045]Ditto, congratulations on BabyVault -- BV Jr.</blockquote>


I like that. BabyVault.



EDIT:

BABYVAULT.COM is already taken. (click here for info)

Use a Domain Buy Agent to get this name



I was curious.
 
[quote author="BlackVault CM" date=1233198223][quote author="usctrojanman29" date=1233189234]Btw, mind sharing which puts and what month/s you picked up (either here or thru a PM)?</blockquote>


Puts were for:



Feb/17/CSCO@0.71

Feb/25/MT@1.58

Jun/30/QQQQ@2.70



EDIT: MT not NT</blockquote>


I'm out. Sold CSCO for 1.15

MT sold for 2.50



Holding on to QQQQ
 
[quote author="BlackVault CM" date=1233269061][quote author="BlackVault CM" date=1233198223][quote author="usctrojanman29" date=1233189234]Btw, mind sharing which puts and what month/s you picked up (either here or thru a PM)?</blockquote>


Puts were for:



Feb/17/CSCO@0.71

Feb/25/MT@1.58

Jun/30/QQQQ@2.70



EDIT: MT not NT</blockquote>


I'm out. Sold CSCO for 1.15

MT sold for 2.50



Holding on to QQQQ</blockquote>
Nice pick ups. I re-shorted COF at close of yesterday and went short on BDK right at the open and closed out by 7am. I also shorted a few shares of AMZN before their earnings.
 
[quote author="PANDA" date=1233211441]

By the way, forget USC or any UC schools. Make sure you enroll him in the Wharton School of Finance.</blockquote>


not to be jerk or anything, but it's the Wharton School. there's no such thing as the Wharton School of Finance, Wharton School of Business, or Wharton Business school.



even in their <a href="http:// http://www.vpul.upenn.edu/careerservices/wharton/resguide.html">Career Services Resuming Writing Guide</a>, it specifically says:

<blockquote>Your educational history should be listed in reverse chronological order, including the name of the institution, the specific college or school, city and state. <strong>Please note that the Wharton School is listed as The Wharton School (not the School of Business). Include your degree, date, and intended concentration(s)</strong>. All Wharton students receive a Bachelor of Science in Economics (BS) degree. All dual degrees and/or dual concentrations should be highlighted and emphasized by noting University of Pennsylvania, both colleges or schools, and both degrees with Wharton concentration and major from other school.</blockquote>


for some reason they are sticklers about that. career services reviews all resumes if you wish to apply for on-campus recruiting and it would get turned away if you didn't use the school's proper name, among other details such as paper weight. i know it chaps their hide when trump refers him and his children attending "the wharton school of business" on the apprentice. nails on chalkboard.
 
Acpme,



I think i got the term, "Wharton School of Finance" from one of Donald Trump's books "Think Big and Kick A$$ in business and life. It's a great book until chapter 9 where he talks about every marriage needs a prenuptial agreement as your wife will run away with all your money once you get a divorce. That's when i stopped reading the book.
 
[quote author="PANDA" date=1233291618]It's a great book until chapter 9 where he talks about every marriage needs a prenuptial agreement as your wife will run away with all your money once you get a divorce. That's when i stopped reading the book.</blockquote>


Panda, your idealism may someday come back to bite you in the ass.



And I'm getting more and more pleased at the BAC puts I picked up after it spiked on the "bad bank" rumor. Only wish I had acted sooner.
 
[quote author="BlackVault CM" date=1233365328]Just bought CSCO APRIL 16 calls. 1.57</blockquote>


I hope you made a typo here. The April 16 calls closed yesterday at $1.40 and today they have traded at $1-$1.26. I hope for you it was a typo, and I am sure that it is. Now... I'm thinking about buying at $1 myself.
 
[quote author="graphrix" date=1233372511][quote author="BlackVault CM" date=1233365328]Just bought CSCO APRIL 16 calls. 1.57</blockquote>


I hope you made a typo here. The April 16 calls closed yesterday at $1.40 and today they have traded at $1-$1.26. I hope for you it was a typo, and I am sure that it is. Now... I'm thinking about buying at $1 myself.</blockquote>


Thanks for catching it. It is April 15 calls. Currently at 1.45
 
[quote author="usctrojanman29" date=1229515886][quote author="awgee" date=1229503605][quote author="blackvault_cm" date=1229500819][quote author="awgee" date=1229490577][quote author="blackvault_cm" date=1229486961]Fed Cut rates...as expected. I bet market will start going south from here and maybe retest 7500. The fed fired its last bullet. Lets face it, each bullet before missed anyways. It was just a psychological way to try and put some confidence in the market.

I wonder if market will start thinking and say...where do we go next? There are no more rate cuts. Just a possible scenario to think about.</blockquote>


There are more ways to print money than just lowering the fed funds rate, but I am confused. To me, lowering the fed funds rate to 0.25% is a sign of desperation and panic. Why aren't investors reading it the same?</blockquote>


It always happens like that. Market almost always rallies on Fed cuts even though they already knew it was coming so its somewhat baked in. It's just a psychological thing. You see it all the time, thats why I bought back my dec. calls to close out my positions before it was officially cut.

Then at the end of today I wrote another set of calls on CSCO, AA and XOM for Jan. I did 75% of the calls at the money to lock in about 10% return for the month. The other 25% I'll decide on later. If the market goes south immediately, i'll pass on writing them. If the market goes up another couple hundred pts, I'll use my other 25% and lock in an even better return.



But imo, people will wake up and say "oh sh%^" that was their last bullet...what if it doesn't work? And yes...they are panicked. (Fed) I think its only a matter of time before ppl realize.



Thats just my hunch, I could be dead wrong...so thats why I'm not going all out and buying puts either. Taking a conservative approach.</blockquote>
I understand that the market reacts in a positive manner to rate cuts, but going to 0%? How anybody can see that as a positive is beyond me.</blockquote>
Welcome to Japan ver. 2.0. We'll be sitting at these low rates for years. The 30-year bond will have a 1% handle and we will see 30-year mortgage rates in the 3%s.</blockquote>


I dunno Trojman. The ten year hit 107 16/32 today or a yield of 2.86%. It was in the low 2's just a week or two ago.
 
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