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EEV =====> Sell half for "first move" according to Tim Seymour and Fast Money...whoever he is. This is not my opinion. I'm just sharing the word on the street. We might have to sell all of it first thing, who knows.
Anyway, here's the quote:
"Tim Seymour says if you’re holding the UltraShort MSCI Emerging Markets ProShares ETF [EEV 102.25, +10.85 (+11.87%)] like he is, it’s time to sell half."
and the link:
http://www.cnbc.com/id/27582783
I have 3 calls I held overnight...I took a chance that the slide would continue. I have these spells once in a while when I loose touch with reality and do stupid things like leaving what might be a brand new Paul Reed Smith custom guitar "on the table" as it were...in this market...riding on a fund which is based on how the other side of the world is doing....while I'm on the sidelines and can't rescue it if it starts drowning. Nope...I couldn't sleep.
I'm being a little dramatic, I know. lol
Good Morning ev1. DUG $38 Nov call has only 2 on the ask for 3.50. Looks like a relative bargain at the moment. I was going to bid but I'll pass it on to you.
EEV was @ 180 last week as well. I got a dozen @ 90.00 for a bounce play.
I'm holding all my puts...lol
ING paused...looking for re-entry.
EDIT: Posted when pps was 9.35...jumped .20 while I was typing.
It just hit 5.40...
How about LM puts?
picked up one 25 put for 4$ on Friday...ask up to 5.20 now...wwweeee
Got your $5 ABK calls yet?
SWIM dropping now.
SWIM showing upward activity. up 6% to 7.90.
I am right there...well, a few steps back (I only nibbled on two $45 Nov ICE puts)...with you. You're most likely correct about them being cheaper in the morning. I'm still working on my timing. I hate not being in something that has fast action, ya know?
I am not going to mess around tommorrow. There are too many forces working against/for each other. I'm going to grab my investment capitol back pronto, and be happy with the somewhat smaller gains I get than if I let the full investment ride it out. Protect the capitol...start/stay green on positions, and watch for clues that might help determine market direction. Tommorrow could be the mother of all trading days if we are lucky.
Oh, one more thing...I usually don't watch CNBC Fast Money but I caught today's show and they brought up a good point.
I understood them to say that because it is the end of the month, and also the end of the fiscal year, hedge funds need to realign the ratio of stocks/bonds in their portfolios for risk management and other reasons. I think it has to do with the increase in distribution requests lately that have drained the liquidity out of their funds too. Right now stocks are cheaper than bonds and some dividends are really making them attractive and less risky in some cases. The big funds have been buying stocks all week and they need to buy a lot more tommorrow. They are also going to need a ton of dollars as well. They need to purchase the dollars to make some of their transactions. This is going to make the dollar strengthen because of the increased demand. This will make funds/stocks that are bearish on dollar tank, or possibly rocket if they are bullish on the dollar.
I have a new position in UDN but I will cut the cord on it in a second if I need to. Thankfully, it seems to be a slow moving fund.
A stronger dollar will also mean increased buying power and could mean, possibly, lower stock prices. :) Glad I bought those puts today...not. I am not sure how that could be measured, anyway. It would seem transparent to us I'm sure.
I also don't see the fund managers allowing the traders to leave all the gains they made this week/day just laying on the table for the whole weekend either. The market could gap down 400 points Monday morning and wipe it all out. No way. I fully expect profit taking to cause at least one sharp fall to the LOD or the next lower support level at some point during power hour. I hope it pulls it all the way back up to the HOD like it did today before the close. It will be a very chaotic Monday if we dive right at the close tommorrow. Not to mention we have an election on Tuesday which is sure to enhance our trading experience, one way or another. I'm just going to watch everything and stick to my rules. Good luck to everyone. I hope this info is helpful and not a bunch of bunk, spread by the media to benefit someone else, somewhere else and leave us holding the bags. I am not an economist or even a business major, so I don't know. The dollar strengthening makes sense if the hedge funds really operate like that. We will just have to see I guess.
What a wild ride this market has been the last couple of weeks. I'm glad we have some real nice folks here that help everybody navigate into streams of cash. Yessiirrr!!!
Thank You Langlui and Yak.
My order didn't fill. I'll be watching it in the AM for sure.
SMG earnings tommorrow. Est is -.27. I am trying to pick up cheap puts right now.
Ave earnings @ $3.25 according to Yahoo Finance. I will try to find out more. Oil companys are so tight lipped weeks prior to Q release. Just fluff PR's and such.
CVX reports earnings tommorrow.
Never. I call 'em like I see 'em. I waited untill it hit it's peak around 84 and thought it would go down. I only threw a hundred bucks at it. Come on....lol
Since ya'll had so much fun with ICE on the way up...I'm gonna have a most excellent ride on the way back down.
Nibbled a couple .ICEWI Nov 45 puts for half a buck. should double at least in the next three weeks. JMO
UDN probably a good play about now. How much can our dollar be worth after printing all those billions?
I think that a lot of investors have moved into T-bills and that is where the bulk of this bailout money is coming from. I also think that the only reason our dollar has rallied for the past few weeks is everyone else's economy is tanking too. So of course an ugly duckling is going to look good next to a buzzard.
Got 25 shares @ 25.00 4 days ago and then it dropped .80 or so. Back up north of 25 now.
DXO diving for lobsters!!!
DXO just hit LOD @ 5.08 for a split second.....now up to 5.23
ENR up 6.12 now!!!
CLNE begining to turn up...7.24 don't know for how long though...got some dice to roll?
I got 4 Nov 7.50 calls for .65 at close last night. I don't know how I pulled that trigger when I've let at least 20 targets go by and I didn't fire.
ENR almost $5 gap up...wow!!!
If you irradiate the poop...it becomes sterile as well, but you are right, it is still poop. lol
I can't believe I scheduled a meeting for today, of all days. This market could go anywhere after about 2:05 this afternoon.
I hope my puts crash and calls go boom. I guess I will find out after my meeting. GLTA
I picked up ABK Jan $5 calls last week cheeeeep...up to .65 now....sweeeeet!!!!!
Love this board...Wooooo Hoooo!!!!!
Move it to 11...ooopppppsss to late....GL
I was thinking the same thing. Calls again on Monday. We have an election on Tuesday and then another short rally Wednesday....maybe. Just my opionion.
Cha Ching!!! Good save on that QQQQ call. I was eyeing the Nov 30 puts right b4 the close. I didn't buy this time, might be cheaper in the morning.
Thanks Yak. Your hard work makes my job as Wealth Creation Technician very easy.
Yeessseeerrrr!!!!!
LOD's lighting up!!!
Ran with my money before the merger...I got very lucky and actually made 3-4% on it. I am not going to play this one yet. Maybe after it hits a dollar again. It does look inviting though
[t]x[t/] up to 32.50 wow.
Morning Jimmybob. Green almost everywhere I look today.
SIRI being walked back down now.
SIRI pre-market activity is showing shorts covering IMO.
QQQQ up to 29.90 pre-market. Sold out Nov 30 puts yesterday for ~25% gain.
Picked up 3 ING Jan 15 calls for .10 yesterday. Closed @ .20. Ordered 10 of them but only 3 filled before ask went to .15.
DRYS @ LOD.....15.37
We need TP for our bungholes...lol