I’m out of the office and can’t cut and paste my exits thru my blackberry…i sold all positions on the open…1 basket order…im guessing I got filled at 9:30 or 9:31 or so…all I know is P&L was green $1645 net…thank god I sold …positions melted again…i will post exact exits…times…fills etc when I get to pc later…
:bigthumbup
-Mike
Nice trades Rookie! I am still a bit bullish going into next week with the banks and this upcoming mark-to-market hearing, so I am still in those remaining FAS calls and bought BAC 3.00x calls around the 3.35 range today on a pullback. I didn’t think it’d keep pulling back though…but, I’m still in it for a quick snap back, if we get one next week. EOD looked promising, even if it was shorts covering.
I had to take care of some family stuff today and knew I couldn’t possibly make 30 or so trades through my blackberry in an efficient manner…Especially in fast markets,so I made a basket order out premarket and just hit sell on open…Some trades obviously took a minute or 2 to get filled others like IFN took 7 mins to get filled which baffles me…If you match up TOS with these trades you will see they were all filled on open.
Sell 407 Shares of IFN
Order Number:C06BFRPC Details Filled at $13.93
Sell 804 Shares of EWJ
Order Number:C06BFRPD Details Filled at $7.16
Sell 282 Shares of FXI
Order Number:C06BFRPF Details Filled at $24.40
Sell 207 Shares of IYT
Order Number:C06BFRPG Details Filled at $40.57
Sell 287 Shares of EEM
Order Number:C06BFRPH Details Filled at $21.17
Sell 200 Shares of EFA
Order Number:C06BFRPJ Details Filled at $33.06
Sell 311 Shares of IYR
Order Number:C06BFRPK Details Filled at $22.65
Sell 467 Shares of RSX
Order Number:C06BFRPL Details Filled at $11.94
Sell 305 Shares of MSFT
Order Number:C06BFRPM Details Filled at $15.35
Sell 462 Shares of DBB
Order Number:C06BFRPN Details Filled at $12.42
Sell 315 Shares of SSO
Order Number:C06BFRPP Details Filled at $15.18
Sell 2,627 Shares of URE
Order Number:C06BFRPQ Details Filled at $2.10
Sell 3,872 Shares of UYG
Order Number:C06BFRPR Details Filled at $1.57
Sell 630 Shares of XHB
Order Number:C06BFRPS Details Filled at $8.45
Sell 297 Shares of XLB
Order Number:C06BFRPT Details Filled at $18.33
Sell 308 Shares of XLY
Order Number:C06BFRPV Details Filled at $16.48
Sell 196 Shares of XLE
Order Number:C06BFRPW Details Filled at $38.91
Sell 920 Shares of XLF
Order Number:C06BFRPX Details Filled at $6.34
Sell 410 Shares of XLI
Order Number:C06BFRPZ Details Filled at $15.86
Sell 317 Shares of XLU
Order Number:C06BFRQB Details Filled at $23.24
Sell 285 Shares of USL
Order Number:C06BFRQC Details Filled at $27.73
so this was a short sale basket at the open?
-Mike
Mike,
No it was an exit from long positions that I posted the entries a day earlier here…
oh…right…there was that gap up this morning…
bollinger band play…that overnight stuff, though…I don’t know…pretty risky.
in any event…again…glad to see you took profit.
thanks,
-Mike
pretty risky
Yes it was in hindsight a very risky play…I couldn’t exit afterhours or I would have last night…Regardless of the loss of commission…I got lucky with the fills I got on the open…Its a days pay and I move on…The market may be ready to follow through some,it was a nice reversal for a Friday…
The market may be ready to follow through some,it was a nice reversal for a Friday...
You mean that late day rally?
I dunno…
We got this guy:
http://i61.photobucket.com/albums/h63/freecodesource/political/barrack%20obama/barackobamaog8.jpg
…trying to save the masses.
Now that’s scary…
-Mike
The EOD rally was more than likely shorts covering positions, which I called on another forum, but it still gives hope going into next week vs ending on the lows of the session!
Very surprised to see Financials holding strong in a uncertain market!
I bought 43 BAC 3.00x calls on Friday for .68 and just sold for .93 for a 37% profit. Not a bad flip, but I may have gotten out a tad early. We have the M2M hearing coming up on Thursday, so I have a feeling we have a few more days left in this banking rally. Not to mention they’re showing great strength intraday today. I still have those 16 remaining FAS calls, so I still have a bit on the table.
FRT - Filled at $39.90 on 03/09/09, 2:31 PM
Action Buy
Quantity 82
Amount $39.90
Order Date 03/09/09, 02:31 PM
bought 2k more shares of drys today. I didnt check to see what price but it has to 3.98 to 4.00, clicked market.
picked up gern like a moron after close on friday. 2k shares 5.35. Holding til it gets back there or if it sells off im taking a loss on them. I thought their would be a short squeeze to open today, wrong it tanked from open, rallied with obama’s talk then tanked to close the day.
Liquidity,
It’s nice to see DRYS gain some traction here after weeks and weeks of slipping! GLTY!
Well, I think I’m done for the day. I bought 28 JPM 17.5x calls yesterday on that afternoon dip for 1.20 and just sold all of them at opening bell for 1.62 for a nice 35% profit. I bought in a little early yesterday afternoon, right around the 16.30 intraday support level, and it crashed through and kept falling. I didn’t get too panicked, due to the nature of these bank stocks, but to say I wasn’t a bit worried would be an understatement. I had an unrealized loss of ~1k yesterday afternoon, but ‘knew’ with the M2M hearing coming up shortly that we had a little more to go. I think I’ll go take a nap now and take the rest of the day off since I’m on spring break anyhow! :beer
sold gern took a loss of 2200 on those 2k shares.
Doing good, my FRT is at $43.73 now and I’m up almost 10% from 2pm yesterday until now. Been going up almost the whole day so far.
This rally has more legs to it than I thought it did! I sold out of my JPM calls a bit early, and would have been up ~90% right now, but profit is profit and I’m not complaining!
Well, I didn’t take the rest of the day off like I thought I would, but rather waited for some kind of pullback and got into some more bank calls. My rationale was a major short squeeze EOD, which is playing out VERY well. I bought 13 GS 90.00x calls for 2.76 earlier, watched them take a small loss (didn’t get the timing just right) and sold 7 of those at 2.85 when the market came back around. I got a bit antsy and didn’t want to give back a lot of my profit today, so I got rid of half of my position if I was wrong. I kept the other 6, and just sold for 3.30 for a 19% profit this afternoon. Overall, I went to bed yesterday with my account at 4500, and now it’s up to 6700. I still have those FAS calls on the table, so they’re like a lottery ticket right now. Time to actually rest! :beer
Not bad. My FRT that I bought at 2pm or so yesterday is up 11.55% since that time, 10.72% for just today. Not bad for an amateur I suppose.
Congrats! I’m just as amateur, if not more so! I understand that days like these are ‘give-me’s,’ but you STILL have to be able to call it from some time frame out or you end up missing the giant gains. I think we still have a day or two left in this, so we’ll see how this all pans out. I’m more bearish than I am bullish with the banks going into Thursday with the M2M hearing, so I need one more day of bullish gains, or any gains at all, in the banking sector before I dump these remaining FAS calls.