Investment tracking

[quantumleap]

Set a stop order for 1000 shares @ 8.00. Currently trading at 8.21. If the price goes down to 8.00 my shares will automatically be sold. If the price continues to go up I may raise my stop price.

Stop order hit at 8.00. Net=$300.

 

[quantumleap]

Bought 2000 shares FAZ @ 9.23.

 

[quantumleap]

Market dropping.

Put a stop at 9.23 just in case. Currently trading at 9.30.

 

[DesertNole]

COF? What's in your wallet?



(COF = Capitol One Financial)

Can someone explain to me how this POS company is trading up for the day? They are the epicenter of CCard charge offs and even that doesn't hurt their stock. Unbelieveable market manipulation. Who in their right mind is buying this garbage? New strategy, I am going to pin point the most highly leveraged, insolvent, poorly run financial institutions and invest in them, easy money.hno:

 

[DesertNole]

If I am not mistaken, COF didn't even provide any guidance...ANY!

 

[SpreadDestroyerr]

Game over for the entire sector when all the damn lies really start emerging from the stress tests! Put on your Faz seatbelt and get ready for liftoff!

 

[DesertNole]

You don't think that those are going to be doctored up to make the banks look like they are on solid footing? Turbo Tim sat in front of the oversight committee yesterday and said that the banks were well capitalized.

 

[quantumleap]

Stopped out @ 9.23 earlier in the day.

Bought 2000 shares FAZ @ 9.40.

 

[SpreadDestroyerr]

You don't think that those are going to be doctored up to make the banks look like they are on solid footing? Turbo Tim sat in front of the oversight committee yesterday and said that the banks were well capitalized.

The market is smart enough to sniff it out. Just watch ..... why do you think they decided to announce stress results AFTER bank earnings?

 

[DesertNole]

Fuk it, added another 400 shares of FAZ @ 9.67

 

[quantumleap]

Fuk it, added another 400 shares of FAZ @ 9.67

@)

Let's just hope after-hours or pre-market don't interrupt our party.

 

[DesertNole]

@)


Let's just hope after-hours or pre-market don't interrupt our party.

Down to 9.80 in AH. I will be treating this last trade as a short term trade, will take profit when time is right and will have a stop in place to avoid a loss. SPX closed down around low of the day, could not break through 860 (123 top set). Tomorrow could be time for the bear to come out of hibernation.

 

[SpreadDestroyerr]

All positive catalysts are over for these sham institutions.

http://www.westwoodcapital.com/opin...les_jan09/leakingandreekingofstress042209.pdf

 

[ShaneFalco]

I bought in earlier in the day at 8.75... popped my faz cherry

i would have liked to sold prior to the COB but i was at the bar. go figure. hopefully some bearish news comes out tomorrow and we have happy times...

 

[DeathEatsaCracker]

I think I have the Stock Market equivilant of Battered Wife Syndrome. I really want to buy some FAZ.

 

[DesertNole]

I think I have the Stock Market equivilant of Battered Wife Syndrome. I really want to buy some FAZ.

Hehehehe. I know what you mean. I have been kicked in the nuts by SRS so many times in the last few weeks that I started wearing a cup any time I trade it. I just can't seem to tame that beast, has me bobbing when I should be weaving, BUT I keep going back for more.

 

[quantumleap]

Down to 9.80 in AH. I will be treating this last trade as a short term trade, will take profit when time is right and will have a stop in place to avoid a loss. SPX closed down around low of the day, could not break through 860 (123 top set). Tomorrow could be time for the bear to come out of hibernation.

I really think that is the way to do it successfully. I thought about selling in after hours like Shane Falco mentioned but decided against it. It seems like playing the lottery holding after hours.

Futures were up 14 after the close and are now down 26. We all know what can happen to futures over night. They could be up 100 points by the time pre-market starts but I thought I would throw out those numbers anyway.

 

[quantumleap]

All positive catalysts are over for these sham institutions.

http://www.westwoodcapital.com/opin...les_jan09/leakingandreekingofstress042209.pdf

It says that the IMF released $2.7 trillion in losses to US banks. I wonder when that news will hit the market.

We're also supposed to get the results of the stress tests on Friday.

 

[DesertNole]

It says that the IMF released $2.7 trillion in losses to US banks. I wonder when that news will hit the market.

We're also supposed to get the results of the stress tests on Friday.

I don't think the stress test results will be made public until may 4, Friday is when the banks are going to receive the results. Chances are pretty good that the results will be leaked before they are made public though.

 

[ShaneFalco]

http://www.reuters.com/article/marketsNews/idINN2218972320090422?rpc=44

Option trading was heavy in the Direxion 3X Financial Bear Fund FAZ.P, or FAZ, a leveraged exchange-traded fund designed to move inversely to the financial sector. Its shares hit a low of $8.58, but bounced back as financials lagged late in the session. It closed at $9.90, up 7.73 percent.

The ETF's option volume rose to double the normal levels, with 92,000 calls and 17,000 puts traded, according to option analytics firm Trade Alert.

"Some investors bought May calls at the $9, $10, $11, $12.50, $14, and $15 strikes -- betting that financials might falter and FAZ will move higher," said Frederic Ruffy, options strategist at Web information site WhatsTrading.com.