DrStool Posted March 17, 2009 Report Share Posted March 17, 2009 I just spent the past 25 minutes dumping every speculative financial company position that I have....all up between 50-125% I'm OUT Still holding various CEF's for the divi's That's a magnificent piece of trading right there. I think you made the right decision, and your buy the dip antenna sent you the right signals at the right time. Congrats! Link to comment Share on other sites More sharing options...
twignberries Posted March 17, 2009 Report Share Posted March 17, 2009 I just spent the past 25 minutes dumping every speculative financial company position that I have....all up between 50-125% I'm OUT Still holding various CEF's for the divi's Heh, C only down a few pennies in that time. I thought your huge holding would have moved it more than that. Link to comment Share on other sites More sharing options...
MrHanky Posted March 17, 2009 Report Share Posted March 17, 2009 Bully tryin to turn it Straight up again Link to comment Share on other sites More sharing options...
Trader Joe Posted March 17, 2009 Report Share Posted March 17, 2009 That's a magnificent piece of trading right there. I think you made the right decision, and your buy the dip antenna sent you the right signals at the right time. Congrats! Thanks Dad !! Link to comment Share on other sites More sharing options...
fxfox Posted March 17, 2009 Report Share Posted March 17, 2009 I just spent the past 25 minutes dumping every speculative financial company position that I have....all up between 50-125% I'm OUT Still holding various CEF's for the divi's Bravo! Very good trades! Although I would have holded C a little bit longer, you bought it at 0.99 right? Would have holded it, well, forever Not all of the financials will go bk. When I see that Deutsche Bank was trading one week ago below its 1987 low then I start thinking about putting some stuff in my long term b&h matress. Link to comment Share on other sites More sharing options...
Trader Joe Posted March 17, 2009 Report Share Posted March 17, 2009 BTW The reason I bailed is that this thing has come too far to fast....even for the Green Giant I think it "may" have a little bit more upside.... But I think once it tops, that the drop is going to be pretty violent -- but not Armageddon And I am affaid that I may not be in my "trading room" when it turns After which I think we will resume the upward march into May... I am expecting to reenter these financial lottery tickets again at lower prices... Link to comment Share on other sites More sharing options...
Trader Joe Posted March 17, 2009 Report Share Posted March 17, 2009 Heh, C only down a few pennies in that time. I thought your huge holding would have moved it more than that. I actually did move it, a penny !!! ....or it could have been that block trade for 30,000,000 shares that was right behind me.... ...we'll never know BWAHAHAHAHAA Link to comment Share on other sites More sharing options...
DrStool Posted March 17, 2009 Report Share Posted March 17, 2009 Cap- couple comments about your put-call ratio posts. First, it's impossible to tell which way the players are leaning from this indicator because there are 3, 4, 5, or more sides to every options trade. The public plays an infinitesimal role in options trading. Most is done by market makers and hedge funds and the vast majority of trades are dynamically hedged both within the options market, or with other markets or the underlying. I don't think you can get meaningful information from this indicator. This is the same message I sent back in 2007 when Wndy went off the reservation. Second, a 10 day MA is the half span moving average of the 4 week cycle. It's much to short term to give meaningful information about longer cycles. If there's a useful pattern there for intermediate or longer term waves, you won't find it using a 10 day MA. That goes for any indicator. As I have said many times, any indicator will work if you use the right time inputs. All indicators should give signals around the same time. If you use the right time inputs you will get good signals more often than not, regardless of what indicator you use, although price based indicators are by fart the best, in my opinion. If you are using the right time frames in your priced based indicators then there's no need to use sentiment indicators, which may or may not correspond with price. On the other hand, if you use the wrong time inputs, you will almost never get the right answer. You will note that the best traders use longer term time inputs to establish context and always look at a variety of time frames for the same reason, even if you are trading intraday. You have to know where things stand in the big picture, and a 10 day basis won't tell you much. Link to comment Share on other sites More sharing options...
Cassiopeia Posted March 17, 2009 Report Share Posted March 17, 2009 I just spent the past 25 minutes dumping every speculative financial company position that I have....all up between 50-125% I'm OUT Still holding various CEF's for the divi's By 'speculative' I aSSume you mean BAC, C, etc Hopefully you had some of these: http://bigcharts.marketwatch.com/industry/...cind_period=1wk Link to comment Share on other sites More sharing options...
deflationspiral Posted March 17, 2009 Report Share Posted March 17, 2009 The final hour is likely to be very good to those long Link to comment Share on other sites More sharing options...
MrHanky Posted March 17, 2009 Report Share Posted March 17, 2009 Amazing fakeout....Bully gettin brave and throwin it all at the tape Link to comment Share on other sites More sharing options...
Trader Joe Posted March 17, 2009 Report Share Posted March 17, 2009 Bravo! Very good trades! Although I would have holded C a little bit longer, you bought it at 0.99 right? Would have holded it, well, forever Not all of the financials will go bk. When I see that Deutsche Bank was trading one week ago below its 1987 low then I start thinking about putting some stuff in my long term b&h matress. Actually, $1.78 $1.33 $1.05 (this was my biggest position) __________________________________ But what's better? To hold at $1.05 forever .....or Buy at $1.05, sell at $2.43 Buy at $1.50, sell at $2.50 Buy at $1.99, sell at $2.33 Wash, rinse repeat.... I think you get the idea ____________________ HOLDED --- BWAHAHAHAHAHAHAH Link to comment Share on other sites More sharing options...
fxfox Posted March 17, 2009 Report Share Posted March 17, 2009 Actually, $1.78 $1.33 $1.05 (this was my biggest position) __________________________________ But what's better? To hold at $1.05 forever .....or Buy at $1.05, sell at $2.43 Buy at $1.50, sell at $2.50 Buy at $1.99, sell at $2.33 Wash, rinse repeat.... I think you get the idea ____________________ HOLDED --- BWAHAHAHAHAHAHAH ok: HELD Link to comment Share on other sites More sharing options...
Pretzel Logic Posted March 17, 2009 Report Share Posted March 17, 2009 Yet another headz and shoulderzes. Actually, 2. Bears have built a little one, while the bulls have built a huge and imposing reverse h/s, intended to frighten the bears into hibernation. Bears need to get in gear here. Link to comment Share on other sites More sharing options...
Jimi Posted March 17, 2009 Report Share Posted March 17, 2009 By 'speculative' I aSSume you mean BAC, C, etc Hopefully you had some of these: +34,000% Is that a lot? Link to comment Share on other sites More sharing options...
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