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Without talking about the stock that started this and I will ask everyone to not use the name as it violates the penny stock rule which I agree is a good rule to have as we dont want to turn this into that kind of crap. I short stocks making new 52 week highs probably once or more a week. I...

I don't know that I would agree that it is stupid. There are some who trade in this microcrap space all the time and others who do not that have gone broke a few times. I will say that in general it may be a good idea to either focus in this area or stay the hell away. It surely does appear...

Hey Deadwood, Thanks and I think your right on target. If you don't mind would you let me know which broker you use (PM is fine) I have been advised by ET that the stock at issue is considered a penny stock so I will no longer call it by name and respectfully would ask the same of...

Thank you and yes no worries. Enjoy the weekend Robert

Tough day today 5/14/10 I forgot the rule about it is not enough to be right you also have to have timing. I was in great shape with HAUP and the pump and dump with that until IB ran out of shares (in fairness I did not check it again today before shorting because had I noticed that the...

Hi Badger and thanks. You have a good point and I will try to do that. To be clear I was trading the 30yr bond fut options Sunday night. Thanks and have a great weekend Robert

Another great day to add to a great week so far Lots of trades and the one that was a loser I didn’t allow to turn into a big loser. NFLX was crazy and I tried to trade it but I refused to trade the stock because I knew that the price would limit what I could do in terms of buying power so...

I understand what you mean but really I don't think it comes even close for the average person. Maybe for some traders it could be. I would not doubt there are some people that are now filling out job apps that thought this was going to be a good year this day last week. Otherwise for the...

A very very busy day The day started out small with Disney and bidu neither of which went far. My big trade of the day was with ANV. It gave a wonderful gap up after a perfect B8 signal and I worked it and squeezed it for as much as I could. Great trading and the gain vs. risk was about as...

I believe the SEC came out with a statement in regards to the trading activity on Thursday and I cut and paste part of it here but you can go to the site www.sec.gov and read the rest if you like. "The SEC has been in contact with market participants in relation to the market failures between...

Great day even if BP can’t find a plug big enough No big surprise but it didn’t take long for the market to figure out loaning more money to countries that have no plan to repay it doesn’t make any sense to anyone that is not seeking reelection. Gold hit a new high today as fiat...

A busted large shipment or a crop that doesn't come in due to global warming is not impossible to fathom : o )

Interesting point about market crashes. I think it is wrong to bust a trade totally. It rewards those that make mistakes and the worst part is that during a crash it pulls bids out of the market when they are needed most. Granted buying a $40+ stock for less than a dollar is an extreme...

Great day today After closing out a couple of the 30 calls at a nice gain last night I closed out the last 122call today at a nice gain. I still have the 119 call that is underwater but not by far and was one tick from going green today so with a little downside pressure and the natural time...

I am short puts so I guess you can say I am biased but I felt the same when GS was being bashed when I didn't have an interest in them. Not really, they are some of the best traders in the world with everything they need. I know a trader on ET that has gone over a month without a losing...

I don’t normally trade on Sundays but… The 30 yrs bond futs retraced big time and I covered some of my calls I was short. Now only two contracts short and with any luck the price will continue down or at least the time decay will take care of the price staying the same or going up a small...

Does your friend know about the little (biggest ever) secondary offer that C had not long ago. more shares mean less of the pie per share With MS selling off the Feds cut of the pie I think there is going to be some serious weight on this stock for a while. I am long but I wrote $5 sep...

Thanks for saying so. Just super busy, School full time, family full time, trading full time, and some other issues leaving little time for anything else some things have really come together nicely lately so hopefully I will be able to spend more time here as well as on some trading...

I won't say I felt "great" about it but with naked options I was short the 30futs and long small GS and BP (some C also but that wasn't part of the weekend plan) covered half the bond options in the last hour or so and feeling very good about GS next week. BP well, that one is up in the...

Mostly a watch and see kind of day I held back on many trades today with the thought like I am sure many had that it was Friday and we could see some serious weight on the market. I did have a few trades though. I covered some for the 122 Jun bond calls before the equity markets opened and...