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Out EAG .68. EOM
I am going to again close out most of my long positions tomorrow in my trading account. It is getting darker and I think I spotted the big dipper in the sky. I think the only thing that has held up the market is short covering. Guess what the big hedge funds are going to do. They are going to take her down hard. If you must play the long side a few call options may be in order. The way I feel about Apple is that the number Linda used 45 has a much better chance than 100. I believe the big run up in Apple was insider buying. They are unwinding into that run yesterday. I am looking for a final March Massacre to level the mountains of mistakes, mismanagements and stupid politics.
Look at those Damn little Apple puts starting to run. I am glad I have a lot more of them than calls. I should have sold all the calls it seems.
and also sucky
Thank you for the update. I get a little nervous when I am away because it is always easy to miss the exits.
I came back for the last hour. I have been getting my off road ATVs ready for the week end. I have five of the darn things and always seem that one of them needs repair. I closed out TSAR to lock in the profits and am thinking GOAM might be ready for another short. Mac and gang have you posted up enough winners so I was not missed?
Linda I sold half and went in on the dark side. I bought the April 65 puts because they were on sale this morning. I saw a lot of greedy Apple folks and you know what I think of that.
I now have about the same amount of money on both sides in AAPL, I think that is what Low was talking about. The only thing that will hurt me over the next few months is no movement and I do not think that will happen. I am going to take the day off because I have been working way too hard. Good luck and good trading to all.
I took the Apple call money and bought these puts. A ton of them.
http://finance.yahoo.com/q?s=AAQPM.X
Hit the wrong button and had to edit.
Oh I forgot I did take a starter position in AERTA. EOM
I sold enough AAPL and TASR to cover my cost I will let the profit run. I do not want to lose any money on what so far was a good play. With the free calls it gives me a lot of room to play both sides. I have made more money than ever since I came to this board. Without the ankle biters found on other boards I seem to make better trades. Yep Low it was a TASR shot. I still do not like the long side but in this market you just look for opportunity on either side. I left so much money on the table on GOAM I still feel like I played that one like a rookie.
We have strong bid support on TASR and I will sell into a strong opening.
Thank you for the heads up Mac and thanks for sharing a little of the beauty of life. It is so easy to lose sight of what really matters because after your family and a few friends what else really matters. I had a dream last night that I was bear hunting and got a lucky shot in and hit one right between the eyes. But when I got up close he had an apple in his mouth and money was gushing out of his azz. Strange dream huh?
I think I need a couple more computers to do this job correctly. Maybe I will buy one of those new Apples for my streamer and one for my big watch list and use this one to hit the boards.
Thank you Mac. I do not hear as good as I should and I guess she said 5.00. Sorry about that.
I just heard from Maria that Apple was up 15.00 in after hours. Here comes that 100 that Linda talked about. We should pay her to post here.
Linda code. Mac when Linda says nice that means plunge your brains out. I told you she knew that stock and I suspected that she had a better position being long than my short. It was just my experience that you have a down move before a massive up move. I get to play both.
Block buster numbers on AAPL and Linda you are a genius. I think we are rich.!!!!
Earnings picture on Apple will make or break that trade but I thought it was worth a shot. Mac if you are starting to play options you will be given a just a few chances to take your profit and you usually can not wait for the next swing. Most people that do not take a quick profit lose it. The smarter move on TASR probably would have been to take the large profit but I think the shorts are more nervous than I am right now.
In Apple calls at 9.60. eom.
Linda you talked me into it. I am going in. Thank you.
Linda how do you like these?
http://finance.yahoo.com/q?s=AAQDL.X
I am looking at call options on AAPL. Have not pulled the trigger yet.
Note to my friends from Broward. We now stand at 6.30 on TASR and I am in no hurry to sell the calls. I think we see a buying panic soon. So stay the course and I will post when I sell.
Things could not possibly look worse even the insiders are running for cover. Looks like a buy to me cause there is fear everywhere.
Starting to buy these call options. Another fallen angel with a huge short interest.
http://finance.yahoo.com/q?s=KKDEU.X
Anybody playing TASR with me now 6.20 and rising. Where is everybody?
I really do believe I have the bear by the balls on TASR. Man this is fun!!
TASR calls 5.70 and rising eom
We can talk about TASR and how much money we are making.
If you can get the Miami Herald you will find it interesting to note-- The Miami Dade grand jury had a most emphatic suggestion: "Police should continue to use controversial Taser stun guns to subdue volatile suspects without resorting to lethal force." How about them apples?
OK Linda let her rip on the upside. I got mine now let's get yours.
I agree on EAG because I am still in the bearish mode and do not like to be long except in special cases like TASR where the bears have over done the shorting. Over half the float is short so I think those bears can be eaten alive.
Good day so far. Got TASR at 4.30 and sold AAPL 3.50. Sometimes you eat bull sometimes you eat bear and sometimes you eat crow when you post your trades. I still have to tell any new players that this is not as easy as it looks and I have been very lucky.
Since I am mostly out of the market now I thought it appropriate to take a look at the bigger picture. In the past you had months and sometimes years to unwind out of a stock position. Recently you have a few weeks or months to get out with your shirt. Trading cycles are so compressed that if you are not a nimble trader willing to go both long and short instead of just riding your big winners upward I think you are toast in this market. Any stock that is two or three hundred percent above its 200 day moving average should be looked at as a possible short candidate. Remember how we said TASR was just unbelievably strong. Now it looks like a dead pigeon. But I think I will have a bite or two of that dead pigeon.
Just found my next play. I look for fear and greed. Sure looks like some fear here. This time I am buying June call options on TASR. When the shorts come in to cover I will be waiting.
http://finance.yahoo.com/q?s=QURFV.X
I know Tim is pretty sharp but I am not sure of the other guy.
I think EAG is a buy again. I hate to go long but I am seeing some fear here. If insiders like it why should I not like it.
I would like to give my friend Linda a little credit here. Did you all see her explain both sides of the trade even though she was a big long? Very good poster indeed!! I truly believe she was pulling for me even though it was costing her dearly. What a board you have here Mac.
They offered me 3.00 but I am thinking 4.00 will come tomorrow. I think the bulls are trying to defend .65 but I also think they lose because of the close today. The big boys are selling and not buying.
Ok here comes the next exit. Let's see if I can get this one right. I need to eat too.