Official GOOG prediction poll

[praetorian2]

I'm calling it a day guys. I'm beat and then some. I took 6,000 GOOG home and shorted 10,000 SPY, 5,000 SMH and 25,000 QQQ against it. Think I can hedge out at least some of the downside beta if something gets screwey.

For those of you following my gold threads, I have kept shorting away at NEM to hedge out the much larger long I have. Pretty wild gold move. HUI went up almost 20% in 2 weeks. That's why you gotta buy em when they're sellin' em.

Stop at 100 on these last GOOG.

Fun day guys, I rarely post on these boards, I always get slammed when I do for one. Just felt that this was the only layup we've gotten in months and I know most traders are hurting lately. I made a quarter on GOOG including my open profits. Sorta makes things all right for what has been a crappy month.

Good luck to all those still in the stock.

 

[taodr]

I spent an hour or so today with a Deutche Bank gold and mineral analyst. He says they believe because of American debt etc, the greenback will keep going down and consequently gold and oil will keep going up. For what's it worth.

 

[mgkrebs]

Quote from praetorian2:

I'm calling it a day guys. I'm beat and then some. I took 6,000 GOOG home and shorted 10,000 SPY, 5,000 SMH and 25,000 QQQ against it. Think I can hedge out at least some of the downside beta if something gets screwey.

For those of you following my gold threads, I have kept shorting away at NEM to hedge out the much larger long I have. Pretty wild gold move. HUI went up almost 20% in 2 weeks. That's why you gotta buy em when they're sellin' em.

Stop at 100 on these last GOOG.

Fun day guys, I rarely post on these boards, I always get slammed when I do for one. Just felt that this was the only layup we've gotten in months and I know most traders are hurting lately. I made a quarter on GOOG including my open profits. Sorta makes things all right for what has been a crappy month.

Good luck to all those still in the stock.

I always enjoy your posts. In fact, I have everyone on the board on ignore except for you.

 

[Nordic]

Quote from praetorian2:

I'm calling it a day guys. I'm beat and then some. I took 6,000 GOOG home and shorted 10,000 SPY, 5,000 SMH and 25,000 QQQ against it. Think I can hedge out at least some of the downside beta if something gets screwey.

For those of you following my gold threads, I have kept shorting away at NEM to hedge out the much larger long I have. Pretty wild gold move. HUI went up almost 20% in 2 weeks. That's why you gotta buy em when they're sellin' em.

Stop at 100 on these last GOOG.

Fun day guys, I rarely post on these boards, I always get slammed when I do for one. Just felt that this was the only layup we've gotten in months and I know most traders are hurting lately. I made a quarter on GOOG including my open profits. Sorta makes things all right for what has been a crappy month.

Good luck to all those still in the stock.

P2, don't let the jokers on here stop you from posting. Goog was a nice play these last couple days. Appreciate the fund view on these various market plays.

 

[praetorian2]

Thanx for the kind words all. I'll post more often when I get the chance. Usually very busy. For those of you who need a play, I'm getting very big in Uranium miners lately.

On gold, I don't dispute that. Gold/silver are 90% of assets for me, it really is all I'm in. Throw in Uranium for 10% and some micro-cap plays that I can't really talk about and a few other things and I'm about 150% invested.

On oil, I'm not so sure it goes much higher, and i'm tempted to short some of that against my gold if only to hedge the gold. How optimistic can you be about oil if the world economy falls off. At 30, I was a huge oil bull, here, i'm kinda agnostic and prefer to hedge that a bit against my gold. I bought some airlines last week (the real crap ones AMR, DAL, AWA, FRNT) and I sold half on wed and another quarter today, but I'll put them back on if oil keeps moving. Gotta book them profits when you have them.

Funny, my stupid donuts are up today. Bought em yesterday.

Other interesting play that is sorta liquid is LAB/VDM. I'm long both from a bit lower early this month. If you are like me and think that the market will drop, the VIX will go up and the intraday spreads will widen. These guys have high fixed costs and an extra tenth of a penny in avg profit will go a long way in earnings (pretty crazy when you think of how low their avg profit per trade is).

Everything else I'm in is just too damn thin to talk about.

For all of those who don't want to hear from me, just put me on ignore or something. If you wanna chat, feel free to email me or just start a thread for longer term ideas 6-18 month out type things. That's where the real sweet spot is.

 

[Samson77]

preatorian

Where did you learn to hedge like this?

 

[SammySOESa]

Quote from praetorian2:

I'm calling it a day guys. I'm beat and then some. I took 6,000 GOOG home and shorted 10,000 SPY, 5,000 SMH and 25,000 QQQ against it. Think I can hedge out at least some of the downside beta if something gets screwey.

nice job working GOOG. quick question about the hedge, tho.

i take home stock every night that i hedge with SPY, DIA, and the QQQ's too. aren't you a little concerned that since it's such a new, volatile stock, it would be more apt to more independently of your short hedges? i'd hate to have the S&P, semi's, and NASDAQ gap up and/or rally on monday, only to have the GOOG bubble bust over the weekend and all 4 positions getting blown out against me.

 

[Nordic]

Quote from praetorian2:

Thanx for the kind words all. I'll post more often when I get the chance. Usually very busy. For those of you who need a play, I'm getting very big in Uranium miners lately.

On gold, I don't dispute that. Gold/silver are 90% of assets for me, it really is all I'm in. Throw in Uranium for 10% and some micro-cap plays that I can't really talk about and a few other things and I'm about 150% invested.

On oil, I'm not so sure it goes much higher, and i'm tempted to short some of that against my gold if only to hedge the gold. How optimistic can you be about oil if the world economy falls off. At 30, I was a huge oil bull, here, i'm kinda agnostic and prefer to hedge that a bit against my gold. I bought some airlines last week (the real crap ones AMR, DAL, AWA, FRNT) and I sold half on wed and another quarter today, but I'll put them back on if oil keeps moving. Gotta book them profits when you have them.

Funny, my stupid donuts are up today. Bought em yesterday.

Other interesting play that is sorta liquid is LAB/VDM. I'm long both from a bit lower early this month. If you are like me and think that the market will drop, the VIX will go up and the intraday spreads will widen. These guys have high fixed costs and an extra tenth of a penny in avg profit will go a long way in earnings (pretty crazy when you think of how low their avg profit per trade is).

Everything else I'm in is just too damn thin to talk about.

For all of those who don't want to hear from me, just put me on ignore or something. If you wanna chat, feel free to email me or just start a thread for longer term ideas 6-18 month out type things. That's where the real sweet spot is.

Thanks for hanging P2! Jeez, That's alot of metal your holding..across the spectrum.. I bet? Agree with the oil call. Uranium...lol Yikes! watch out for the feds

 

[areyoukidding?]

Quote from praetorian2:



Fun day guys, I rarely post on these boards, I always get slammed when I do for one. Just felt that this was the only "layup" we've gotten in months and I know "most traders are hurting" lately.

I made a "quarter" on GOOG including my open profits. "Sorta" makes things all right for what has been a crappy month.

Good luck to all those still in the stock.

Awesome!! Someday...

 

[damir00]

Quote from praetorian2:

How optimistic can you be about oil if the world economy falls off[?]

a question not being asked often enough around here. "Oil to $100!" is not really compatible with "Economy as frail as glass!".