Scratch that, little after hours trading pushed the price up even higher. I’m gonna ride this one a while yet, at least another week. Then I can at least pickup the dividend and also see how its going. As far as I’m concerned it is still a good discount so I’m gonna let it ride.
I smell a bear market rally this week. money is coming out of gold for a reason right now.
7500 here we come, hopefully
This IS the bear market rally! I feel we have some more legs to this in the next couple days to come, but beware of corrections and swift changes!
My remaining FAS calls should be sold tomorrow depending on what the market does. FAS is up another 5% AHs, so my calls should be approaching decent premiums now! :beer
I see the bottom falling out again the next little whiff of something bad that we hear, and that WILL happen…it is just a matter of when. I’m keeping that REIT stock though, of the 12% gain I think I’ll lose 4-5% off the top very soon but I think long term its a steady company and the underlying asset value is there to make it worth much more.
Sold the rest of those FAS calls for .75 for a 7% profit. Currently sitting in all cash and looking for a turnaround.
Sold out of those remaining calls at just the right time! Now, I’m looking for a second push today in the financial sector to jump in on some puts.
I bought 42 JPM 19.00x Puts earlier for .99 before Dimon started speaking (didn’t know he was going to speak today or I would have held off) and bought 53 shares of FAZ for 53.76 near close. I’m up 5% on those FAZ shares so far, and am hoping we see a decent pullback in the markets tomorrow on this M2M hearing.
Bought DXO at 2.20 (500 shares) up 3.8% so far.
Still hanging tough with my FRT. Lost a few percent yesterday but up 6.4% today. 16.52% total gain since I purchased it on Monday at about 2pm for $39.90/share.
i bought 2100 shares of DXO at 2.36 yesterday its now at 2.65 for a nice 565 profit.
i bought 120 shares of MRK at 24.67 on Friday sold at 25.63 for a profit of 110.
I also bought 140 shares of WFC at 14.80 on friday and sold at 13.10 for a LOSS of 250.
Status Filled at $45.25
Symbol FRT
Description FEDERAL REALTY INVST TR SH BEN INT NEW
Action Sell
Quantity 82 Shares
Route UBS CAPITAL MARKETS L.P.
Order Type Limit at $45.25
Time in Force Day
Conditions None
Trade Type Cash
Market Session Standard
Order Date 03/23/2009, 03:09:30 PM
Cancel Date
Order Number C23NVQLP
RookieNYC has offered, in my opinion, a generous insight into the life of a professional trader. This is both inspiring and educational.
People come to this site with aspirations of being professional investors; real estate offers one option; Wall Street offers another.
I believe that real estate is much more forgiving of mistakes than Wall Street.
It is very helpful to see the selections, the timing, and the rationale of a professional Wall Street trader on this forum.
On behalf of all followers of this forum, thank you RookieNYC for sharing your insights.
I believe that real estate is much more forgiving of mistakes than Wall Street.
It is very helpful to see the selections, the timing, and the rationale of a professional Wall Street trader on this forum.
On behalf of all followers of this forum, thank you RookieNYC for sharing your insights.
I agree %100…Real Estate is much more forgiving than Wall street,and probably much more lucrative over the longer term for the average person…I typically tell every person who asks me on this forum about trading to simply not do it…The reason why I share my information is to let others know that it’s not luck…The stress that comes with the job outweighs any potential monetary gains IMHO…I have often been called over cautious at work and that extends into my personal and online life…Trading is fun if you have money to lose/gain but to dream of it one day being a lucrative steady income stream I firmly believe is misleading to the average person…There aren’t many people in this world that make a steady income from trading,but there are alot of people who make it from Real Estate…Enjoy the banter but don’t fall into the trading trap…This is stressfull work and I dont want anyone that follows my posts to ever think it’s easy…It’s not,and it will consume most of your free time and life with it…Nothing IMO is worth that…Go outside and enjoy life,sitting infront of screens all day is unhealthy for the body and mind…Plus I truly feel we are in unprecedented times for Real Estate opps…Anyway thank you for being appreciative of my posting…Thats a good feeling…
F - Filled at $2.80 on 03/24/09, 9:32 AM
Action Buy
Quantity 1,312
Avg Amount $2.80
Order Date 03/24/09, 07:36 AM
This is stressfull work and I dont want anyone that follows my posts to ever think it's easy..It's not,and it will consume most of your free time and life with it..Nothing IMO is worth that..Go outside and enjoy life,sitting infront of screens all day is unhealthy for the body and mind.
That’s all good and fine…and I appreciate the frankness…nothing better than reality.
But when you know you’re wired for it…you get down in the trenches.
Equities, commodites, currency, oil.
I can’t think of a better place to be.
Hold a broader basket and cherry pick.
-Mike
Rookie and I occasionally bang heads here… but… I have a TON of resepect for him. In all honesty… I couldn’t do what he does.
Smart, smart guy…and 100% right in his advice.
Never in a million years would I try to trade like Rookie does, I’d have a heart attack in about 10 mins. I’d rather buy stuff that I can feel good about it being down for a few hours or days knowing it will come back at some point. Living and dying by selling in at a very particular time is too much damn stress for me.
SOOOO… no more trades? :anon
I’ve been sitting tight on my Ford shares so you are correct, no trades. I sold a few off to get some cash but only a small portion of my holdings.
SOLD…20,000 shares of GOODYEAR at $10.22/share.
Purchased it on 11/17/08 for $5.44/share (check the post)
$95,600 Gross PROFIT!!!
So Mike…now you don’t have to worry about my Q loss…It actually helps me tax wise.
For anyone interested…Go back and re-read the theory behind this investment. I covered it in detail. It involved FALLING oil prices, falling steel prices and a glut of raw rubber around the world.
Anyone seeing the price of tires falling by 50%???
No…me neither…
BUT…If the MATERIALS that are used to MAKE those tires ARE falling by those margins…That means the tire business gets much more profitable!!! It also doesn’t hurt when people are KEEPING their cars longer too!!!