Picked up a bit of EOD, F, and RST near the bottom.It's funny because I got back from the gym this morning, cut on CNBC, saw that the Dow was down around 30 points and thought to myself "I'll bet that today is pretty boring".
5/6/2010 3:05:06 PM
FUCK FUCK MOTHERFUCKSTUPID SHITTY 3RD WORLD BROKE ASS INTERNET
5/6/2010 3:09:12 PM
boooooooooooooooooo
5/6/2010 3:10:04 PM
The dollar continues to absolutely slaughter the euro.
5/6/2010 3:10:49 PM
fuck, i missed the bottom of this little dip.i did snag 1350 shares of F at 11.75probably won't hold it very long since I already have a ton of F.[Edited on May 6, 2010 at 3:12 PM. Reason : I really wanted SSO, but fucking JPM's 401k doesn't allow leveraged ETFS ]
5/6/2010 3:10:57 PM
Whats funny is that when the market was down 300, I called chase and left a message with my rep. I said "I want to know how quickly I can unallocate from stocks and shove it all into bonds or cash in the event the greece crap takes strong hold over here" (yes, I am trying to time the market a bit).I hung the phone up, and 10 minutes later the DOW is down 1000.
5/6/2010 3:13:49 PM
^^ I bought 500 shares of SSO @ $38.70.I had been trying to buy for a while earlier with it lower, but my fucking internet wouldn't work.
5/6/2010 3:18:22 PM
5/6/2010 3:24:58 PM
Glad I followed Duke on this one. SSO call premiums are ridiculous right now.
5/6/2010 3:38:46 PM
glad my DGP order went in yesterday.also got stopped out of AAPL early today.just bought some NEM
5/6/2010 3:38:49 PM
5/6/2010 3:43:49 PM
Holy fuck. Just looked at VIX. Glad I didn't touch that one. I'll use some monopoly money to buy puts on it right now though.
5/6/2010 3:52:21 PM
thereeeeeeee apple goes...back down to a little more reasonable price
5/6/2010 3:53:58 PM
Out of SSO @ $39.51$400 in my pocket; would've probably been at least double that if my internet had been working properly
5/6/2010 3:58:32 PM
EPI at $21.63 - closed at $21.62RST at $23.32 - closed at $24.56SSO at $38.37 - closed at $38.9BP at $49.97 - closed at $50.33EOD at $8.77 - closed at $9.29F at $11.48 - closed at $11.78Took a hit today, but I outperformed the market and reopened and expanded some positions that at prices that I wouldn't have imagined this morning. So I have to take the bad with the good, so I guess what I'm feelin' is like a, beautiful sadness. I guess that sounds stupid.
5/6/2010 4:06:35 PM
picked up UCO at $11 mid-dip today. Wishing I still had my BIDU puts I bought (and sold) last week that hit $25 today (from $3). I can never get that lucky though. [Edited on May 6, 2010 at 4:16 PM. Reason : .]
5/6/2010 4:12:44 PM
I had some limits set that I forgot about that went off today, kinda pissed at myself. Didn't want to sell my EUO Calls yet, oh well. A lot of people are going to be pissed, especially retail investors that had stops in place. Going to be interesting to see what caused the dramatic dip this afternoon.
5/6/2010 4:23:19 PM
So now they are saying the trading craziness was the result of a typo by a trader, selling (B)illions of shares and not (M)illions of shares.Fucking insane.
5/6/2010 4:23:28 PM
Stock Selloff May Have Been Triggered by a Trader Errorhttp://www.cnbc.com/id/36999483
5/6/2010 4:25:45 PM
^gotta be more to it than that
5/6/2010 4:43:55 PM
I got stopped out of BRK.B and FCX. Barely missed stopping out CVX.I knew there was lots of buying opportunity when i got back at 3:30 from my meeting but I frooze.Was not really sure where to go. I wanted to expand my energy and raw materials position but with oil and copper currently down I did not want to catch a falling knife. The strengthing dollar vs euro makes me less inclined to pick up any domestic manufacturing or cyclicals. Also the euro stuff makes me nervous about finance still.I did notice that VFH fell from $32 ALL THE WAY to 16 FUCKING CENTS!!
5/6/2010 4:56:39 PM
It sounds insane - but what ended up happening was trading halted and most of the market makers couldn't get any liquidity. There were a couple of ticks where a lot of securities were traded at 0.A pretty insane day all in all - I blame the stat-arb funds trying to one up eachother when the liquidity dried up. I'll see if I can get some charts up in a bit
5/6/2010 4:57:07 PM
holy fuck! that's insane that people could have picked up $30 shares for fucking pennies!
5/6/2010 5:01:21 PM
5/6/2010 5:16:14 PM
Daaamn
5/6/2010 5:38:30 PM
Hard to say if this is just a fluke, but I think we're due for a very serious correction. Any time in history that the stock market has recovered as fast as it has since the crash in 2008, it's tanked even worse at some point in the future. In other news, gold is back up above 1200. Better get it while the getting's good.
5/6/2010 6:04:11 PM
From another message board I'm on -- this guy says what I want to say, just better. I was watching the Greek riots live, and what he says is the truth. The timings were almost perfect.
5/6/2010 8:17:25 PM
Holy crap... http://www.reuters.com/article/idUSTRE6456QB20100506
5/6/2010 8:41:39 PM
yeah. ain't that some BS
5/6/2010 9:00:06 PM
Well that shit was enough to make me re-consider EVER placing a market order again in my lifetime. I literally passed out at like 600 PM today when I got home i was so drained. What a fucking day.Also, if you didn't learn your lesson. Trailing stops >>>> stop limitsSaw some people get badly burned today.[Edited on May 7, 2010 at 12:36 AM. Reason : a]
5/7/2010 12:35:23 AM
[Edited on May 7, 2010 at 12:39 AM. Reason : dur]
5/7/2010 12:37:54 AM
yeah, I for one have never seen anything like what happened yesterday. Also, we came pretty close to tripping the 10% "fuse".
5/7/2010 1:06:31 AM
I don't believe there is a fuse after 2:30, so it could have been bad to say the least.
5/7/2010 3:15:49 AM
you're right, sort of. there's no 10% fuse late in the day; there is a 20% fuse.
5/7/2010 9:14:04 AM
^
5/7/2010 9:19:00 AM
we're about to open higher...
5/7/2010 9:30:41 AM
That's kinda what I was expecting, too, but not so much.
5/7/2010 10:02:39 AM
damn, i was hoping to play some volatility today and make another couple hundred bucks or so, but it's just going down the toilet. Again.
5/7/2010 10:28:48 AM
the company i work for makes stock analysis software, and one of our products monitors various trading strategies in real time. one of my coworkers has it on auto-trade and made 1800% during the crash yesterday. we're not hooked up to brokerages in the office, so it was just paper trade, but i won't be surprised if some of our customers had similar results. either way, very cool to see our software do its job, even through a crazy day like that
5/7/2010 11:05:25 AM
I fucked up. Tried to buy SSO to make money on the momentum, but ended up buying at exactly the wrong time.I'm gonna need to get Level 2...day trading is kinda dumb without it, really. At least I don't really care too much if I get stuck in a position for a week or three before I can sell for a profit.
5/7/2010 11:57:46 AM
They just announced that Spain is out of recession. Hopefully that will ease some europe fears.
5/7/2010 12:39:57 PM
Looks like a big up day tomorrow after the announcement of this Euro package.
5/9/2010 10:46:12 PM
5/9/2010 11:35:46 PM
Good day.
5/10/2010 12:23:20 PM
yep, i think i'll unload that SSO again here
5/10/2010 1:04:49 PM
I'm still sitting on the lot that I picked up at $38.48 on Thursday. I just went ahead and sold 41 calls for next Friday at $1.32 each.
5/10/2010 1:35:23 PM
I had a trailing stop set, then when I saw it wasn't going to trip before the bell, I was going to try to modify it to a market order and unload it all, but the internet was too slow.oh well, hopefully we don't take a dive tomorrow. Not often that you see an up day after one with a 4.5% gain, but then again, there was a slight run up in the last hour or more towards the bell, so who knows.
5/10/2010 4:06:36 PM
5/10/2010 10:36:12 PM
PCLN took a big hit.
5/11/2010 10:49:22 AM
Out of SSO @ $41.65.I made a "G" today.
5/11/2010 1:21:42 PM