is back in Minneapolis
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Jerry, a question about short funds.
The QQQ trades like a stock that follows the nasdaq, not like a mutual fund.
Is there something that trades like a stock that is the inverse of the market, so that going long on it makes you short the market? You had mentioned RYTPX. Is this a mutual fund? The yahoo profile talks about fees and minimums, which is not the way the QQQ and SMH work.
Thanks,
-hans
Still holding my KLIC stock.
Sold the oct 5 calls. Buy @ 1.2, sell @ 2.7
Also holding the CSCO leaps from way back when... and they are finally near breakeven.
hans
FKLT still running...
Whats up with FKLT today? The company looked stone cold dead last time I looked.
-hans
PDLI - no, i wasnt short. i was stopped out with a small profit each time. i just missed the run up to 19 yesterday, but today looks like another buying opportunity.
PDLI - I got stopped out yesterday at the LOD. Perhaps a stop closer to the short trigger?
This is the second time I was stopped out.
6/12 buy 17.75 stopped out 18.15
6/13 buy 17.80, 6/17 stopped out 18
(and then it ran up a buck). oh well.
I'll try and reenter before options expirations.
-hans
ASTM hold or sell? How about both.
This is the advantage of buying on the way down. I did sell, at .57, .77, .86 and 1.61. Still holding remaining shared at an average cost of under a dollar.
True. Fluff is fluff. Bios are running, and I'm holding.
Why did ASTM run from .25 to 1.75 ? News? Profits? Nah, mostly fluff and coat-tails.
If they ever have DNA style news...
-hans
I sold ASTM at .57, .77, .86 and 1.61, but still hold more than sold. Biotech is in an uptrend. I'm going to see if ASTM runs some more. It did break five dollars a few years back. Would buy again under a dollar.
-hans
Bought PDLI at 17.75 today, stopped out at 18.13
I picked the entry because it was above the short trigger, and looking at yesterdays chart it seemed attainable on a morning dip.
My stops can be no smaller than .25
Trying again at 17.80
>where zeev told me to short it...astm
Thats interesting advice. I thought zeev didnt play penny stocks, didnt short stocks, and knew enough about the market to know that one generally cannot short a sub five dollar stock. ? <g> ??
I'm long ASTM at 1, .95, .77. .63, 51, .46, .38, .24 on the way down. Sold into strength at .57, .77 and this morning at .86, a mere 6 hours too soon. It does have a distinct uptrend. Mebbe i should hold till it breaks. In retrospect, shouldnta sold. Each previous blip lasted but a day and faded, a selling opportunity to be bought back at half off.
1999/2000 was good to ASTM briefly. In at .75, out at $5. That was the bubble days. Never to be repeated?
-hans
This promises to be another good day, naz futures up 20 and climbing.
IMCLE, yowza. Talk about exponential growth. Will Martha's new magazine be a success? In the last two decades prison populations have grown exponentially as well. This bodes well for the circulation of Jail Cell Living.
Good article on ASTM. I'm 8X long from .25 to $1+, and sold two portions recently. Maybe I should of kept them. If I get a chance to buy more cheap I will.
-hans
Still holding lots of KLIC and options.
Sold the apr 5 calls at a loss.
The may 5 calls doubled. They will sell at limit of 2.
Will hang on to October 5's a while.
May sell some stock if we run up to 8 again.
-hans
RE ASTM. Show us the earnings. These news releases are unreliable stock boosters. In the good old days, a one day jump would be noticed by daytraders and turn into a multiday rally. Now? You gotta wonder.
I put in a sell at .60 for my last lot (.38), but I don't expect it to fill today.
REFI's are indeed booming. I consult for WFC. To paraphrase the USA today, "low rates==>record refi's"
In INVN @ 33.60 limit filled. Holding ELX.
It was a pretty midday reversal today. Too bad I was stuck at work (WFC).
-hans
ASTM goes nowhere. In this post bubble era, the market desires real earnings and products. The volume is thin too. A few hundred thousand shared of a penny stock does not add up to much. I will hold.
ASTM may bounce on news today. Last news piece caused a short lived jump from .30 to .60
Zeev,
Your thread is very educational.
This morning I placed three limit orders to fill on the expected pull back. They were conservative and none filled.
I missed INVN (limit 32.00) by .02 missed ELX (limit 15.50), and QQQ (limit 22). How do you determine Q discounts and entry points? What do you think of the theory that there is a bit of support around an even dollar amount (buy limit orders kick in)?
It seems like you don't play the Q short, just long?
Thanks,
-hans
Stopped out of EXPE short for a loss.
So, last week I short EXPE at 46 and 49 (it was up 8% that day). I move my stop around, settling at 51. Sure enough, it ramps up to 51.10 Tuesday , and I get stopped out at 51.09, a penny from the high of the day. Later that day we see a 5+ point intraday drop.
Is it bad luck, poor entry, or suboptimal positioning of the stop?
Your suggestion to not hold ELX overnight was quite timely. Gracias.
Sold half my ELX Thursday @ 22.40, and at the time regretted not getting another point out it as it rose in the PM. Raised my stop to 23 for the other half, which didnt trigger till Friday morning, at 16. What a lousy execution. Despite the loss, it feels good not to be long this stock.
I expected bad earnings, as most have been poor for the last few years. The risk reward ratio didnt look good either. The post 9/11 low was under 10, and we may revisit it, although the market as a whole has been very positive recently. The one certainty is that ELX will continue to be volatile.
ELX earnings today... sell on the news?