GE is a smart guy. the news out today is NOTHING and the market reacts to it by moving drys up almost 40% pre-market.
If I were GE i wouldnt sell shares in today and if i did i woul only do a small amount to keep the price up and looking strong. then tomorrow come in again and sell off more.
you mentioned longs getting trapped here in the short term yes. alot of people are buying thinking it will slingshot to $10 because of a short squeeze. the are still either unaware or in denial about the 500,000,000 worth of stock hitting the markets.
when the high of the day happens premarket that should tell investors to get the hell out today. 6.80ish was i believe the high premarket
Oh the perils of holding overnight in this market! I lost ~50% on those Puts when I should have sold before close. I think a lot of these longs are going to get trapped here.
How about some numbers to put things in context? Number of puts? Price paid, price sold. Total loss in dollars?
I stated I am trading with a small account so I only had 2 puts. I lost 140 on the trade. I bought those puts for 1.36 and sold for .75. I shouldn’t have held overnight.
Yeah, DRYS is in much worse condition than most realize. I think it’ll move sideways, or slightly up over the short term, but only because it has lost so much value so quickly.
Drys will continue tanking until feb 11 when he has to disclose alot of things. 1 being how many shares have been sold into the market. aswell as the rig spinoff that was supposed to occur by early this year.
Looking for an entry into APOL or ESI puts. These two are EXTREMELY overbought right now. These are great longs, but some kind of pullback is around the corner.
ESI and APOL are the strongest stocks in the market right now…Why would you want to fight those stocks with buying puts?..Are they due for a pullback ,possibly but those are short crusher stocks just as LVS was a year ago…I’m glad you play small because you will get run over playing those type of plays…Yes an overbought stock has the highest ROI in the event it does fold over but it usually runs and crushes the shorts some more before it does…Tread carefully…
Chris why dont you try to trade the Emini on interactivebrokers.com…You can use hardly any capital and trade 1 contract at a time…
ugggh BDI is up +168. i thought the bdi would jump after chinese new year holidays. Drys is up another 20% today, it seems like they baking in the dilution into the price. i guess if you double the outstanding shares its bottom was 4.80 that would leave drys real value before dilution at 9.60 range which seems fair. but they might have more than doubled the existing shares already.
Rookie,
I was only considering shorts on these as an option. I know they’re the strongest which is why I looked into them further. The technicals look like the tide is turning temporarily. I’d obviously wait for an entry and set my stops accordingly and since these aren’t as volatile as other sectors/ securities, it shouldn’t stop me out with all of the head fakes that some of these other volatile stocks are throwing at everyone.
I’ll look into Emini on interactivebrokers. I’ve actually been debating dropping ST and going to another broker that caters a bit more to options and different options strategies.
ESI and APOL had decent pullbacks today, but I was tied up into other positions to jump in. I don’t know how much these will pullback to, but I’m going to guess they still have a couple days left in them.
Buy 3,023 Shares of C
Order Number:B04CGZMJ Details Filled at $3.5288
Buy 400 Shares of DDM
Order Number:B04CGZMK Details Filled at $26.1777
Buy 450 Shares of EEM
Order Number:B04CGZML Details Filled at $23.218
Buy 265 Shares of EFA
Order Number:B04CGZMP Details Filled at $39.2092
Buy 616 Shares of IFN
Order Number:B04CGZMQ Details Filled at $17.3651
Buy 2,218 Shares of NYT
Order Number:B04CGZMR Details Filled at $4.8175
Buy 384 Shares of QLD
Order Number:B04CGZMS Details Filled at $26.9599
Buy 971 Shares of RSX
Order Number:B04CGZMV Details Filled at $11.0099
Buy 4,480 Shares of SKS
Order Number:B04CGZMW Details Filled at $2.3992
Buy 466 Shares of SSO
Order Number:B04CGZMZ Details Filled at $22.2977
Buy 2,553 Shares of URE
Order Number:B04CGZND Details Filled at $4.1888
Buy 777 Shares of USD
Order Number:B04CGZNF Details Filled at $13.7941
Buy 3,455 Shares of UYG
Order Number:B04CGZNG Details Filled at $3.1093
Buy 1,181 Shares of XLF
Order Number:B04CGZNH Details Filled at $9.008
Sorry if looks like spam…It was easiest to simply post it this way…And yes I took a small amount of heat on my entries…under $1000 with commissions which is nothing…lets see what tomorrow brings…Im not concerned if I have to take a stop thats part of trading but I think we have to see an outside day soon…Things are a wee bit overdone here but it can get cheaper…This is a basket order,thats why the odd # of share buys…I simply put in a $ amount of 150k and the platform divides each position into an equal $$ amount…
I dont think its going to work well on the open to be honest but I will try to hold on and see what happens…I want to start building a portfolio but its hard,every day things get cheaper…
I’d be VERY VERY cautious of those 3x ETFs. They can CLEAN YOUR SLATE in just hours! They’re great vehicles when you absolutely know what kind of day it is going to be, but to hold onto them for any kind of time is dangerous. I’ve played FAZ and FAS and they’re roller coaster rides in such uncertain banking times. One day the bad bank is saving everyone, and the next it isn’t.
im getting my slate cleaned right now…market is getting murdered after hours…I already averged down and out of many positions…still have about half…a mess and horrible timing…horrible…will see what tomorrow brings but the open will be ugly…i took a 3k loss so far to bailout…been a wild week…