Global Macro Trading Journal

Quote from Daal:

JPM $41 and I got berated for suggesting buying a buffett pick during the irrelevant news panic :p
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I call BS. If I recall, you wanted to buy around $38 from the "idiots" who were selling on the news. The stock subsequently fell to $31 over the following weeks.

Since then the stock has rallied, but so have the rest of the universal banks. In fact, JPM has sharply underperformed C and BAC, so there was no alpha at all to buying it.

http://www.google.com/finance?chdnp...=0;0&q=NYSE:JPM&ntsp=0&ei=GzNTULiUAYa2qAG5ggE

Did you buy at $38? Did you hold, add, or sell as it fell to $31? ... didn't think so.
 
Quote from atticus:
So the average position held by a Jr trader at GS. ;)
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You're behind the times, my friend... 40 yards of mtges is GS summer intern risk. Jr traders get a bit more room.
 
FB up 6% and through $22, IB doesn't have shares to short, this means the shorts are really skeptical and are fighting the rally. Could be a potential contrarian signal

Only question is when to add and where to adjust the stop to(my stop is at $20.10 right now)
 
Quote from nillionaire:

Wow you have a lot of confidence to be adding on just a 25 cent dip. Not criticizing you - I'm long FB too.
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I'm not as confident as in JCP(JCP was more heavily shorted) but the stock looks strong here
When the twitter game of quoting the last breakout of FB starts(Like they did on the downside) I will start to get worried
 
Quote from Debaser82:

You guys still like Gold here?
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What's not to like? Awhile back I talked a Rubicon moment when the fed starts explicitly trying to gun inflation expectations. If we're not quite there yet its only a stones throw away, and seems the only play they have left if/when QE disappoints.

I'm increasing my gold holdings and starting to look around for RE to pick up on leverage, anticipating that the inflationary breakout is now inevitable, as well as possibly alot closer than hitherto assumed given the fed's hyper-dovish stance.
 
NSM up another 7% this morning. Looks like it was initiated as a Buy at Compass Point (along with other specialty servicers like OCN and WAC).

All are doubles thus far this year. Maybe the easiest money ever. Nice work by Compass Point catching up with a thread on elitetrader several months late!
 
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