Global Macro Trading Journal
- Thread starter Daal
- Start date
NCT with a 10% dividend increase - unexpected and awesome 
NLY with a 9% cut - expected and priced in; best mgmt in the business
Cash machines both. NCT in a little better spot because of its tie-up with NSM. CMO rockin' and rollin' as well. The entire sector is a bit frothy, but with QE∞, I'm not yet seeing a catalyst to sell.
NLY with a 9% cut - expected and priced in; best mgmt in the business
Cash machines both. NCT in a little better spot because of its tie-up with NSM. CMO rockin' and rollin' as well. The entire sector is a bit frothy, but with QE∞, I'm not yet seeing a catalyst to sell.
Got my eye on GRPN long, same story as JCP and FB. Stock got hammered, media frenzy, critics everywhere, analysts hate(more holds than buy), shorts pilling in(20% of float). All in a solvent, operating company without liquidity issues
I hate GRPN so much that I forgot to check the daily for a long-time but its clear bottoming action here. I just need to find a low risk entry point here then trail it. 2 days back there was a perfect entry, I missed
I hate GRPN so much that I forgot to check the daily for a long-time but its clear bottoming action here. I just need to find a low risk entry point here then trail it. 2 days back there was a perfect entry, I missed
LOL, I had lifted you off ignore because I saw people quoting you with actually constructive posts I even thought it would be worth it. Of course I was wrong
Check out my posts, JCP was one of my best trades of the year. I bought calls at $20 ish and shares a few days after the earnings call. Unloded a good chunk at $28 ish(I believe I posted last week that I had sold some and was thinking of dumping BRKB as well), I did had a long on the shares at $27 and got out at $24 on the way down but the profits from the calls+shares where way more than that. I still kept some and was planing to trail and sell and keep some for the long-term, plunge happened pretty quickly I was not going to hit some ridiculous bid so now I'm keeping the last calls for the long-term(2014 expiration), they are still up significantly from where I bought
FB I'm up almost $2 per share
I'm not going to give a detailed record of my entries and exits because I just don't give a shit anymore, its too time consuming and it just ties your ego even more to the position, it doesn't help. I'm interested in discussing TRADE IDEAS so if someone has constructive criticism I would be open to listening(My FB stop placement would be one, thats why I mentioned). If you think every trade I put on is a loss, thats fine with me, but all I care about are ideas and trade construction. Back to ignore
Trade ideas? Like buying JCP because some rich guy thinks it's a good investment? Wonderful.
So basically - on a stock that's gone down nearly every session this year - you've managed to catch just it's rare upswings. Impressive, but obviously untrue.
My guess is you rode this puppy down from the 30s to the teens. If you were lucky, you added some at the right time, but judging from your posts then, it sounds like you were hanging on hoping for a bounce. You got a nice one and then childlishly rushed to the board when the stock hit $32 for a millisecond. Now it's back to $25, so even that's pretty much wiped out.
Stocks fluctuate. Pretty much any issue will have ups and downs and at some point in time one's opinion on it will be right. To say you own JCP when it was $40, then we all watch it drop to $19, then a minimal bounce back to the $20s, and then you come on here crowing that you just made out like Jesse Livermore? It does wonders for your credibility.
Same thing with your silly JPM deal. Any 12 year old can carp about the idiots selling at $38 the day after the scandal. Well, the stock subsequently fell to $31. Then you come back after it goes to $41 and act like buying at $38 was a genius move? Opinions are like a-holes. We all got 'em. Let's get a better idea of what you're long, what you're short, when you're buying, when you're selling, when you're adding, when you're cutting. Otherwise you're just a guy coming on after the fact every time a stock makes a move to point out how right you were.
So basically - on a stock that's gone down nearly every session this year - you've managed to catch just it's rare upswings. Impressive, but obviously untrue.
My guess is you rode this puppy down from the 30s to the teens. If you were lucky, you added some at the right time, but judging from your posts then, it sounds like you were hanging on hoping for a bounce. You got a nice one and then childlishly rushed to the board when the stock hit $32 for a millisecond. Now it's back to $25, so even that's pretty much wiped out.
Stocks fluctuate. Pretty much any issue will have ups and downs and at some point in time one's opinion on it will be right. To say you own JCP when it was $40, then we all watch it drop to $19, then a minimal bounce back to the $20s, and then you come on here crowing that you just made out like Jesse Livermore? It does wonders for your credibility.
Same thing with your silly JPM deal. Any 12 year old can carp about the idiots selling at $38 the day after the scandal. Well, the stock subsequently fell to $31. Then you come back after it goes to $41 and act like buying at $38 was a genius move? Opinions are like a-holes. We all got 'em. Let's get a better idea of what you're long, what you're short, when you're buying, when you're selling, when you're adding, when you're cutting. Otherwise you're just a guy coming on after the fact every time a stock makes a move to point out how right you were.
'With Nexen, Cnooc would gain ownership of oil and gas reserves in western Canada, the U.K. North Sea, the Gulf of Mexico and offshore Nigeria.
A poll released Thursday by Abacus Data found two in three Canadian surveyed said the Canadian government should block the deal, up from 57% in August. Only 47% of Canadians surveyed were of aware of the transaction, up from 43% last month.
Some politicians here and south of the border are making noises that suggest approval is no slam dunk.'
I remain short NXY
A poll released Thursday by Abacus Data found two in three Canadian surveyed said the Canadian government should block the deal, up from 57% in August. Only 47% of Canadians surveyed were of aware of the transaction, up from 43% last month.
Some politicians here and south of the border are making noises that suggest approval is no slam dunk.'
I remain short NXY