Wednesday, July 2, 2008

Have you seen my ass? part 666 ~ We need "DISCIPLINE!"

Last nights premature celebration, about the DIPfolio at all time highs, blah, blah ...

Have you seen my ass?  

We need "DISCIPLINE!" ... STEEL & COAL DIED.  ... The "late to the coal party" team got blown out JRCC down 22%, ICO down 19%, BUCY down 12% ....  all SOLD for HUGE LOSSES.  Then AKS broke 11%, GGB down 6%+... all common stocks SOLD today for HUGE LOSSES, and our options are DEAD MONEY.     We sold XTO, PDE, and NE for minimal overall gains.  Unhappy with Cappy (CPST) got sold, (SWC) is no (PAL) of ours, both hit 10% stop loss ... We even sold out HKGG (1500% profits) and HKGH (1000%+ profits) ... but still, we couldn't sell things fast enough.   Today we LOST our ASS!    

Trent says, "I NEED YOUR DISCIPLINE!"  



CASH is KING!!!  

The SHORT BUS rolls on IBM, ORCL, R, CNW, URBN, DECK, YZC, CAT, BG (although we sold more than half our shorts last friday, these saved us today) ... we also bought puts on HBC which is going under $70 and a few puts on KOL, try KOLSX! ... KOLSuX!  ... and as our HK hedge, we bought puts on GDP.  Remember,  BOTD will hold HK until FLOYD sells the company.  today sucked ass.  the end. 


who needs the VIX?

 when our emotions have us thinking,  ...

 "I am the GREATEST!"

 ... it's a good indicator that we need to take profits.   

LESSON #87:  be humble, ... or be humbled. 


18 comments:

BUY ON THE DIP said...

with our cash we will buy more HK and AGU as they come down.

buying HK august and sept calls.

and sticking to the common shares of AGU.

we only have faith in FLOYD!

Anonymous said...

Still holding BWP?

BUY ON THE DIP said...

yep. BWP common , with 8% dividend ... not that big of a position. down about 5%

Anonymous said...

the market makers sure know how to fuck over the retail investor.

tradertom said...

This is seriously cramer's fault... UGH

Jim Collins said...

I did well today on ENER (short) and SWN (long) so I think I'm gonna drink Jack and smoke a big cigar over the 4th. And work on my "Jump on the Train" automated momentum "Take Profits Quickly" trading system. Because without money there is no snorting coke off a strippers ass...

Jim Collins said...

I'm sorry, I should have said that "Take Profits Quickly" (TM) is a registered trademark of BOTD, Inc. My bad.

Anonymous said...

HK is on fire !
Keep smoking dope and listening to rap, amateurs.

BUY ON THE DIP said...

GDP puts are taking some of the HK pain away.

GDP down 11%, taking some quick profits! GDPSN up 145% ....

KOLSX up nicely.

puts of power!

BG at $93 down 7% , we added puts at $120+ , selling the rest of our puts now.

wanting to BUY HK under $40. and AGU in the 80's ...

Bluedog said...

Holy shit that's a great pic!! Have a good 4th!

mikeamoe said...

How does it work lets say, you invest $5,000 and you make 1200% on a call how much does that come out to?

Anonymous said...

60k

james said...

what happened if your option going to 0 do you lose all your money

how does it work please help ?

john said...

where is a good place to learn about options


books website ?????/

BUY ON THE DIP said...

try searching youtube for "options trading"

There are a few good basic tutorials..

BUY ON THE DIP said...

ps... You can trade options just like stocks...and yes, if it goes to zero you lose your entire initial investment.

James said...

What if it goes down to zero, and then the next day or two it goes back up to lets say $1, do you lose all your money on zero? or do you get it back when it goes back up?

thanks for all your help!

BUY ON THE DIP said...

J,

hmmm...

its not dead until the expiration date... so yes, if it went to .05cents and then back to $1 ... you are still holding the 'shares' ... and can sell or hold, etc.