Completely sold longs:
JASO ( +9.07% at 14.20, bought at 13.00)
HK ( +1.60% at 25.41, bought at 25.10)
GMXR looks weak. Taking profits in energy. I’m looking to short gold. Check out JRCC. Weakness on dilution. JASO looks like a good day trade short.
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I’m pretty much chilling today, watching the churn and taking notes. Might do something this afternoon.
I’m starting to have serious doubts about the bailout passing, at least anytime very soon.
yeah, policies as big as that should take time. plus, the meeting on thursday showed a lot of senators are against it.
Dpeezy… SIL about to cross the day’s lows.
JASO is fighting, really really fighting to stay above day’s lows.
Meanwhile, solars did get a bounce early in the day… LDK, SOL, etc.
Yessir…in with some puts (don’t feel like getting my face ripped off if it reverses and explodes higher).
SIL in the red!
Well, it WAS in the red… for like 2 seconds.
Look at JASO. Now short it. Heading under 14 fast.
Love all the tips, info and thoughts Gio!
I was wondering if anyone knows a way to keep up with comments as they are posted in a timely fashion, (besides sitting on the page and clicking refresh every minute :). I’m subscribed to the RSS feed in Google Reader, but it only updates every few hours.
SIL is wicked! Lets see if it get under 3 today.
Hi Grateful Lurker… did you try to RSS the comments? i’m not quite sure either, but I only get comments on my posts sent straight to my blackberry.
All 3 indexes hit days high. we should rally.
Damn, had I just shorted SIL, I already would’ve gotten my trade 3.50 -> 3.00. The options were not as liquid as I had figured (looking for the same $0.50 move).
dpeez, you’ll make ur money. SIL target under 3.
JRCC making next wave down.
Yeah, looks like it’s heading back down again after failing to make a higher high…
JASO to the red.
SIL now down -10%.
SIL… under 3 soon. that’s another +20% score on the day trade!
And a conservative 3% move on my JASO short.
Gio, what is your target for JASO…I am short 14.40…overnight hold and wait for 13.40?
hi Eugenius… target for JASO already met on the day trade, but there’s a lot of weakness, so waiting til the close.
as for an overnight hold, i would take profits in half here, or near the close. I’m not sure what the market will do tomorrow.
SIL under $3. I WIN AGAIN.
New long: EXM (19.72)
…for those of you following my shipper trades, i went long EXM, and will probably get short DRYS as a pair trade tomorrow.
Still clinging to that support @ $3. Gonna fall hard if/when it breaks through…
In other news, how about a late day rally/decisive push abouve $130 in AAPL?
get out of SIL. wait for final 40 minutes til close.
Congrats on the win again. Thanks for updates.
Thanks for a quick reply Gio!
Bought UYG here for the bail out.
CNQR down again, but on low vol… 41.40 is my stop point but maybe I should move it… not much vol going down. what are you doing with yours GIO ?
CNQR … just drifted down again. it was actually well in the green, trading above 44 today. I’m still holding. The broader markets is telling me not to make too many moves right now. very choppy. these low volume declines are the price of volatility.
here comes the SIL rally. Told yall get outta there. it got under 3 spot for a few seconds. lol.
Buy BABY on this dip. that downgrade hurt me. who the heck donwngrades a stock when its so close to its 52-high while being one of the rare stocks that survived the 1000 point drop in the Dow?
agree with you on BABY. actually same shit happened with CNQR. Downgrade almost at 52 week high
Hmmm… GG wants to breakout here.
Toronto… yeah, I got 2 downgrades in less than a week! awesome! And both were near breakout points: first CNQR and now BABY.
… i was being sarcastic.
GG — BTFO!!
SIL looks to end right around $3, which has seemingly turned into strong ST support. Got out soon after your call, Gio, with a gain of over 10% on the puts…
Or not!
Jake- Its tough to make any calls in a tape like this. No?
10% on puts? unacceptable. Actually, i think you were betting that it would crash under 3, so you would have got a similar result shorting i guess. i’ll give u that.
ARTC and TPX down big today. Both are good for a swing short. Adding it to my list, but I gotta find an entry point.
Oh yeah, it’s less than I was going for. Lot of profit got eaten up by the spread. And the crash under $3 never happened, so at that point I was just getting out with something other than 0 or negative.
I’m mad at Fidelity. I’ve been watching this SIL trade with you guys, but I can’t short it. I can’t short shippers, gold, silver or solar. They won’t even let me short FSLR or BIDU! Fidelity said they don’t have the shares, not even 100.
I made a little shorting Apple the last two days, but screwed the exit covering too soon or stopping out for only 10% gains on much larger moves. I caught the parabolic short on Apple for 1,000 shares and covered way way way to quickly. Still mad at myself on that one.