I know I said I was not selling at the open, but I feel we got a gift only being down 100. I sold a bunch of positions. Scanning for trades now.
More update coming…
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Joined Jan 27, 2008
7,405 Blog Posts
Hey RC, I’d like your thoughts.
Crap, I had MER puts. Have to sell these. It’s a no brainer right?
I’m in with LM puts. Thinking of buying more.
Do you think the long MER, short BAC is a solid move? What are the chances this deal won’t go through?
Where the hell is GOOG trying to go ?
Is the PPT going full throttle to prevent an absolute meltdown? Shocked to see the markets have not sold off more. Oil keeping things in check? Hell, I am buying some gold and gold miners today.
Just sold my GOOG here @ 436.
If I owned MER puts, I would get rid of them if I could, then I would leave that trade alone. Too crowded at the moment.
Added to my TSO position @ 17.40
Thanks RC, I just sold the MER puts at market. Salvage what I could. Lucky that I owned very few puts and had time value as they were Jans. Thanks for the advice.
SRS is looking real good here, I’m waiting for Fly before I make my move on it.
I feel blessed with how this morning turned out. I’m out of a bunch of trades with minimal losses, and now have a massive cash position.
Now it’s time to sit on my hands and wait for that pristine setup.
I bought some more DPS this morning at $25.22
Feels like the right thing to do, but one never knows.
I bet the bears are licking their chops right now. Even I want to short the shit out of this market here.
But, for now I will do nothing.
In SRS @ 83.90
nice. I bought at 84.20, and plan on adding.
I agree re the thoughts on this thread – I want to short, but fuck it.
“I feel blessed with how this morning turned out. And now have a massive cash position.
Now it’s time to sit on my hands and wait for that pristine setup.”
My sentiments exactly. Fortunately I entered today short, but yeah, that trade ended fast.
I’m sitting on my hands. I’m not smart enough to figure this all out.
I decided to go for a few puts on AXA after thinking about Fly’s comments. That will probably be the extent of my dabbling today.