+124 for the month, best one in a while due to puts on the Qs, PENN (made up for the loss I took on this gamer, pun intended), PRU, SKF and USO bear calls spreads with a few well timed USD trades as the icing on the cake and $2 on the UYG.
Given how much oil is down and how oversold we were and how one sided sentiment was is this really all the bounce that can be mustered. How much of this weeks buying was option sellers trying to make/keep a buck? Doesn't look like the nas even broke its down trend channel and the SP could easily...
Raleigh and Charlotte are OK if you like the quiet life, nice people for the most part though there are an inoordinate number of religious fanatics of the white Baptist fundamentalist born again ilk. Not many good restaurants (forget ethnic places comprable to those we have in the NE) and high...
If they really thought it was just short selling taking the market down why wouldn't they all just buy and cause the shorts to cover? Maybe they tried that and endded up bag holders and are trying to save face with the whole short selling scapegoat.
Money managers are notorious for averaging down, the value guys being the worst culprits. The bear raid is what gets the ball rolling to the point that holders puke, whereupon the bear raiders cover unless they have the power to take it down to 0.
Having said all that though I think that what...
Impossible for retail to short but not necessarily for those with "connections", otherwise how do you explain the FTD that went on for months and months to the point where even legitimate buys were not getting delivered let alone borrows. Flytiger has called it right all along on the naked...
It depends who's doing the raiding. When it is hedgies in cahoots with the big banks then its not a problem, when its hedgies raiding the big banks then its a problem.
Its sort of like a casino, its OK for them (IBs) to cheat you, its just not ok for you to "cheat" them (counting cards...
If vol doesn't collapse on FNM might be a good idea to short a straddle and buy XLF calls or SKF puts with the proceeds (my theory being that onec news is priced in stock will stabilize until this thing moves through congress but the counterparty confidence/agressive fed/treasury action will...
Sorry you had a tough week Neke.
When you enter a trade do you do the basics?
Have a target? Have a hard stop? Have a risk reward ratio comensurate with your edge? If yes you are either not following your own rules or your edge is not what you think it is. Good luck.
While this news would be bad for F&F it should be a big positive for the financials in general as the government is now the counterparty in a lot of transaction and also because the main housing lenders would have essentially unlimited capital with which to make loans (buy securitized loans from...
BuyLo you are probably just playing too large or too many instruments. The volatility is such that much smaller positions that you can stick with pay off better than large positions you get shaken out of. If you insist on playing big you can keep yourself from getting shaken by doing things like...