OA Buy: LITB

I picked up shares at $12.50 this morning.

More later,

OA

With uncanny timing, my last post set a multitude of robots into motion earlier this morning. I’ve now become one of an elite class. An individual that can carelessly top tick a market, just with his/her presence.

Adding this to my profile:

Mr. Jinx – Keep this individual away from your ticker symbols. By the time he notices a stock has taken off, he will post the ticker symbol with many exclamation points, as if to cheerlead the stock to a new plateau. Unfortunately, Mr. Jinx’s timing could never be worse. Immediately after leaving his remarks, the underlying stock will be immediately sold, taking all your beloved gains with it. Please keep your ticker symbols away from Mr. Jinx, and encourage him to keep his eyes away from the market.

For a good laugh… http://www.cnbc.com/id/21250372

Here is what that looked like via S&P 500 on 10/11/07.

When the market can sense “asshat” in it’s midst, it begins to cleanse.

For the record, the Dow is up 15 and account equity is back to highs of the year.

You know, decisions you make in the face of adversity are what separate you from the rest of the crowd. I’m glad we’ve had some emotional highs and lows the last few weeks to focus on the emotional aspect of trading. That aspect is the one that matters most.

We’ve been watching the relative strength in the Russell 2000, and as you can see it is literally pulling the market higher here today.

Hope you are enjoying the gains…

OA

I bought wkly 80 UA calls, and wkly 90 QIHU calls here this morning.

Also, the Dow is up one point, and the tickers we’ve been watching/trading are on fire. The bulk of my stocks are up, and most notably PACB.

This further proves my point that you can trade in this market while being immune to it, if you know what I mean.

OA

For the most part, we are a legion of random individuals exchanging words behind an avatar and creative blog handle. However, I’ve been blogging for a decade and as you all well know, there are many reader “types” that show up to interact on a blog. I am going to highlight these stereotypes and am curious which category you fall into?

Mr. Show-Up-For-The-Win: This blog reader won’t call out too many trades. He’s never there to relate to a loss. He simply logs in to chest bump a win from time to time. You never know what position he is in, but if the stock is winning, there is a good chance Mr. Show-Up-For-The-Win owns it, and will soon be there to report on it.

Mr. Hindsight: This reader is the resident Monday Morning Quarterback of the group. He will often tell you all of the decisions that should have been made in the moment, sometimes several days after the fact. Mr. Hindsight is convinced he offers value, even though his actions are more embarrassing than the action of others that he feels he needs to comment about.

The Exaggerator: This individuals skillset is nothing short of amazing. He nails highs and lows with incredible accuracy. When a stock downticks, he will tell you the stock has been “taken to the woodshed.” When a stock rallies, this reader is banking a criminal amount of coin, even if the stock is only up pennies on the dollar.

The Liar: This poor individual, even when you know what position he’s in, will always tell you otherwise. For example, when you know “The Liar” happens to own shares of XYZ that guided lower after hours, miraculously, “The Liar” decided to take his position off the day prior, and load his entire account into out-the-money puts.

The Reporter: This reader will often interrupt blog interaction with “BREAKING NEWS.” The subject of their news is usually that the market is up or down, or happens to be a stale headline that the market has digested many days ago. This individual usually chimes in to break news on yesterdays non-actionable YahooFinance headlines, or to inform you of a stock that is “RIPPING” ten percent ago.

Mr. Excuses: This reader will ask comments like…”are your alerts delayed?….something is wrong with my trading platform!…..Damn this computer!….Is anyone else having issues with their fills?…..Something is wrong with my speakers or volume, can you please repeat?” Mr. Excuses is easy to pick out of the crowd, because the nature of his contributions are problematic in nature.

Mr. Lose-Lose: This poor reader is never happy with their results. They often lose, which is obvious but when you congratulate them on even the rarest of wins, they treat the outcome as a loss because the stock kept going up after the sale. In other words, Mr. Lose-Lose finds that they can never win.

The Retard: This poor reader is not fully aware of his condition, but yet takes a task as complex as option trading and attempts to master it, even though he has yet to master simple things like proper vocabulary, spelling, and common sense. The Retard will often chime in with comments that have no relation to the conversation, no value in terms of insight, or any substance that can be comprehended. Often, The Retard has to trade with a helmet, in order to keep himself safe from…himself. The Retard will attempt to email you a chart several times before it comes through, and when it arrives, it looks something like this.

Angry Guy: Angry Guy is mad at the market, simply put. Nothing can remedy this inner-hatred aimed at the government, God, Jim Cramer, Precious Metals, or the talented bloggers at iBC. Angry Guy makes his presence know by simply attacking anyone that is nearby.

Mr. Panic: Mr. Panic can’t sleep at night, owing one share of TZA in a bull market. Mr. Panic is scared that the market will crash someday, scared that he might miss the crash, and even more scared that the market will go up tomorrow. Mr. Panic simply uses time as a reason to take a loss, knowing that his entire existence in the market is to get his ass kicked every single day he logs into his E-Trade account.

If I have missed anyone, please indicate in the comments below.

Have a good evening,

OA