why get rid of FXP unless your on margin? Market's going to come down at some point. I'm still holding it at huge loss right now. i got it way to high.
had to get a tatoo of eev on my ass, cramereque post its didnt quite cut it..but still buying and long eev and srs..SRS sub 80?? tell me this is not a double sitting there ..
we said the bears won and its over .... we knew this rally would rape the shorts .... we went long like a stud with FAS, BGU, ROM, DIG, etc.... the market jumped 1000 pts, we celebrated and took profits.
we fucked up!!!
added the AMIGOS way way way too soon. added FAZ early and wrong. Now we just sit and wait.
what i like about you is that you call what you call and you stick to it.. thats says alot about your character
i went in with you 70% short im down a big number but im still with you
i can't do options. should with the rest of the cash that i have should we get into FAS? and wait for it to go up and once the market hits those levels. to get short again?
BIG MIKE, ... being 70% short, without calls or some long hedge is dangerous. looks like the market can sell off tomorrow .... maybe lighten up on the shorts or as you mentioned buy FAS or UYG to offset short term losses.
p.s. we keep saying 9200+ .... but our "oh shit" target is 9600 on the DOW. and we are holding cash accordingly.
33 comments:
YOU STILL 70% short. plus your calls
basically.
holding spec puts, the amigos (minus the devil) ... and FAZ.
long: leftover GS & AAPL calls.
35% cash. from sale of 1/2 calls, and FXP.
this rally may last a week or 2 months, who knows. we're pretty much done for 2008, and positioning for 2009.
good luck all.
sorry about FAZ, etc.
waiting for 9200+ on the DOW and WFC $35+ ...
Yup got owned, and sold faz at a lost...thinking about DIG though for short term (2 weeks). Sounds good? or am I just a knight catcher? :(
U still holding SDP, SRS and FAZ?
botd,
4 witching day selloff?
I hope there is a selloff. I have shorted a lot.
MARKET IS COMING DOWN..
Looks to me that we will go higher end of day rather than selloff
WFC HIT 32.11
$35+
Are you buying more FAZ?
why get rid of FXP unless your on margin? Market's going to come down at some point. I'm still holding it at huge loss right now. i got it way to high.
BOTD SAID ADD MORE FAZ
WHEN WFC HITS 35.00
BOTD. GO TEAM !!
BOTD DID HIT 35 WFC
had to get a tatoo of eev on my ass, cramereque post its didnt quite cut it..but still buying and long eev and srs..SRS sub 80?? tell me this is not a double sitting there ..
im still with you on FAZ
dont worry about being down, you always come out on top
remember BOTD has the Alminac from back to the furture
BOTD
DID YOU SELL THOSE CALLS AT THE CLOSE
well i hope the market will be down hard tomorrow.
Matty,
SRS "seems" like the deal of the year down here.
78.34
-17.58 (-18.33%)
but our most recent buy was at 95ish ... so what do we know.
p.s. still holding leftover AAPL & GS calls.
Did you buy at 55 or something?
BOTD. FAZ. SHOULD BE IN PLAY TOMORROW..
yes. $55.
hence the FAZ logo "post-it note" on my forehead.
BOTD
HOW DO YOU FEEL ABOUT THE MARKET TODAY
i feel like we called the "O" bottom!!!
we said the bears won and its over .... we knew this rally would rape the shorts .... we went long like a stud with FAS, BGU, ROM, DIG, etc.... the market jumped 1000 pts, we celebrated and took profits.
we fucked up!!!
added the AMIGOS way way way too soon. added FAZ early and wrong. Now we just sit and wait.
WFC $35+ , DOW 9200+ ...
I'll wait with you and FAZ
BOTD
what i like about you is that you call what you call and you stick to it.. thats says alot about your character
i went in with you 70% short im down a big number but im still with you
i can't do options. should with the rest of the cash that i have should we get into FAS? and wait for it to go up and once the market hits those levels. to get short again?
BIG MIKE, ... being 70% short, without calls or some long hedge is dangerous. looks like the market can sell off tomorrow .... maybe lighten up on the shorts or as you mentioned buy FAS or UYG to offset short term losses.
p.s. we keep saying 9200+
.... but our "oh shit" target is 9600 on the DOW. and we are holding cash accordingly.
DOW TARGET 5000-6000 in 2009.
BOTD
Thanks for the advise i appricate it
i'll get some of those to cover my losses and wait for a dip tomarrow on them and get in. im just all short and cash
but im with you on the FAZ :)
what do you mean? dont get banks?
i mean stock banks to go up?
Futures dropping for tomorrow, there's got to be a sell-off. Unfortunately, it won't be the 1000 point sell-off that we'd all like.
MAYBE THE SELL OFF WILL SCARE PEOPLE TO GET SHORT AGAIN .
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