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      05-07-2012, 08:48 AM   #859
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Quote:
Originally Posted by r0wr
Any bears gonna short the rebound in the next couple of days?
I've had put options on ge since last week and spxu
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      05-08-2012, 06:14 PM   #860
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thoughts anyone?
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      05-08-2012, 07:53 PM   #861
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whoa wtf theres a trading thread on here??

Anyways, i've been holding short aapl since 610, covered today at 561. Reshorted EOD at 570. Spanked that trade hard since earnings.

Long UVXY commons, long weekly VXX 16 puts sprinkled with some 17s.

Some SPY 133/135 put spreads rolling out into june/july.

50% cash.

IMO we have seen the top for this year. All indices broke 50ma/ april lows supports. Specifically on SPY i am looking at the march gap, then if that breaks on higher volume theres the Feb gap at 132.

Might get a small bounce tomorrow on low volume to work off oversold levels, even though RSI isn't showing too much.

See ya!
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      05-08-2012, 09:54 PM   #862
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Did anyone notice that at one point the SPY was just .42 away from touching the 100 day SMA? I was prepared for the EOD bounce and went long towards the bottom.
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      05-11-2012, 01:21 AM   #863
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Top is in. Confirmed to have come in for most indexes in month of March when we were discussing it. We might get one more rally to really push things in May, but thereafter watch out for summer. A lot of things have happened these last two weeks that have actually changed the game, cannot be short term to mid term bullish anymore. Trade accordingly.

Mact you still here?
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      05-11-2012, 03:19 AM   #864
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Quote:
Originally Posted by Vanity View Post
Top is in. Confirmed to have come in for most indexes in month of March when we were discussing it. We might get one more rally to really push things in May, but thereafter watch out for summer. A lot of things have happened these last two weeks that have actually changed the game, cannot be short term to mid term bullish anymore. Trade accordingly.

Mact you still here?
I'm buying tomorrow's dip but will be getting rid as soon as I see our next push.
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      05-11-2012, 03:35 AM   #865
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I'm buying tomorrow's dip but will be getting rid as soon as I see our next push.
Agreed. I believe every rally is to be shorted into now. Either cusp of major correction or new bear market of -20% or more.
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      05-15-2012, 05:49 PM   #866
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Bears have been doing work and I'm still holding SPXU and HDGE for my short positions in the market. I believe that that we will see a little rebound soon that will fail and we will continue going down. Be careful when longing this market as the trend is obviously down.
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      05-15-2012, 06:15 PM   #867
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I bought some weekly apple puts to hedge my long position. Man am I in the shitter for buying at such high prices.
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      05-16-2012, 01:55 AM   #868
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Been holding TVIX since 5.84

Hold onto your panties, men. Someone bring back that guy who said our predictions were wrong. Bring him before the Bears.
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      05-16-2012, 01:52 PM   #869
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Any predictions on the Grexit in Europe? Some hint to currency printers as de la rue in UK but doesn't the Greek National bank have it's own print capacity for dachma's ?
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      05-16-2012, 02:17 PM   #870
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Has apple finally hit a bottom?
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      05-16-2012, 03:26 PM   #871
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So how high do you guys suspect TVIX will rise in near months?
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      05-16-2012, 07:01 PM   #872
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So how high do you guys suspect TVIX will rise in near months?
No one can predict the move magnitude for an ETN which is 2x leveraged to follow a derivative based on the volatility of price actions over multiple days extended into the future.

But it will be a handsome return on the way to the bottom. Selling TVIX will be based more on when VIX tops and the market bottoms, than what price TVIX reaches as that is subject to 2x compounding, tracking error, and premiums. What price target do I think it will easily reach though? At least 20. After that, the sky is the limit (quite seriously). The past performance of TVIX in a crash will be in the hundreds of percentage ROI. Take a glance at last years action.
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      05-16-2012, 11:24 PM   #873
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TVIX isn't an ETN which is supposed to be held for long periods of time. I'm sure Vanity knows what he's dealing with but to those who see TVIX as a money maker, believe me when I tell you it is not unless you really know it's movements. Tread carefully.
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      05-17-2012, 01:02 AM   #874
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Quote:
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TVIX isn't an ETN which is supposed to be held for long periods of time. I'm sure Vanity knows what he's dealing with but to those who see TVIX as a money maker, believe me when I tell you it is not unless you really know it's movements. Tread carefully.
The reason for this is because of volatile futures rollovers and their premiums. That's why these things enter contango and decay. They only ever are safe to hold near backwardation where they perform well (like last year). We are however, approaching backwardation now. We will see if one more rally can be mustered.

Never hold TVIX through contango, therein lies the danger to a portfolio.
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      05-17-2012, 01:56 AM   #875
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On some bullish talks, who likes lnkd and z? lnkd is forming a symmetrical triangle. both stocks may be good momentum pick ups for the next rally
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      05-17-2012, 02:06 AM   #876
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Quote:
Originally Posted by r0wr
On some bullish talks, who likes lnkd and z? lnkd is forming a symmetrical triangle. both stocks may be good momentum pick ups for the next rally
Hmm, I'll take a look at it tomorrow morning and let you know my take! Btw I love trading this time of year makes having finals not as bad haha
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      05-17-2012, 02:29 AM   #877
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Hmm, I'll take a look at it tomorrow morning and let you know my take! Btw I love trading this time of year makes having finals not as bad haha
Hope you do well with them!
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      05-17-2012, 02:36 AM   #878
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Quote:
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Quote:
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Hmm, I'll take a look at it tomorrow morning and let you know my take! Btw I love trading this time of year makes having finals not as bad haha
Hope you do well with them!
Thanks! I've aced 4 of them with perfect scores, only a calculus one left tomorrow!
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      05-17-2012, 09:33 AM   #879
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Quote:
Originally Posted by r0wr View Post
On some bullish talks, who likes lnkd and z? lnkd is forming a symmetrical triangle. both stocks may be good momentum pick ups for the next rally
Looks like the breakout went downward but its is pretty close to its support so we might be seeing a bounce from the 108 range

Edit: looks like breakout went the other way haha not to surprising though based on the overall market conditions
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      05-17-2012, 11:23 AM   #880
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Deciding whether or not to liquidate my shorts today and go long for a potentially strong ST rally.

Update: sold my TVIX @ 9.43 from 5.84.
Potential for a short term rally is very possible. Didn't want to take the chance, so I'm taking a breather and watching what happens with the FB IPO tmr.
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