RM's occasional market calls...
- Thread starter Rearden Metal
- Start date
Yeah, I thought of that! Incidentally, the unrealized gains today in my open gold (long) put positions are better than anything I did with UNXL. Yes, I am still holding those. Still own some ADT puts too- when I get out of these trades, I'll mention it here.
Two months ago I mentioned how much I like ADT short, and especially the Jan '14, 40 puts.
Some anonymous big baller then proceeded to take my recommendation rather seriously, immediately purchasing a cool 10,000 of those ADT Jan '14, 40 puts:
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3786407>
So Mr. Big, you are now up a cool $2 mil thanks to me. There's no need to send a thank-you card or a 10% gratuity, because all I really want is a hook up with your BSD friends in the Chicago area. You <i>do</i> have powerful friends, don't you? Buying $millions$ worth of illiquid puts on my recommendation leads one to believe that you already respect my abilities, right? And all big ballers with nine or ten figure AUM's (like you) have plenty of other big baller friends, right? So if I ask nicely, could you please pick up the phone and hook a brotha up? You know I'd be a great asset to the right firm, so it's a win-win for everyone. Thank you, and have a nice day.
Some anonymous big baller then proceeded to take my recommendation rather seriously, immediately purchasing a cool 10,000 of those ADT Jan '14, 40 puts:
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3786407>
So Mr. Big, you are now up a cool $2 mil thanks to me. There's no need to send a thank-you card or a 10% gratuity, because all I really want is a hook up with your BSD friends in the Chicago area. You <i>do</i> have powerful friends, don't you? Buying $millions$ worth of illiquid puts on my recommendation leads one to believe that you already respect my abilities, right? And all big ballers with nine or ten figure AUM's (like you) have plenty of other big baller friends, right? So if I ask nicely, could you please pick up the phone and hook a brotha up? You know I'd be a great asset to the right firm, so it's a win-win for everyone. Thank you, and have a nice day.
That ADT call took its time to start moving...
No, I'm not the big baller.... yet...
My call for you:
if and when FFIV finally drops below 69, it'll probably free-fall.
It's slowly sinking right now, but it'll take another earnings miss in July or pre-earnings warning for the sellers to show up...
No, I'm not the big baller.... yet...
My call for you:
if and when FFIV finally drops below 69, it'll probably free-fall.
It's slowly sinking right now, but it'll take another earnings miss in July or pre-earnings warning for the sellers to show up...
ADT current price: $38.18.
Here I suggest taking at least partial profits, take at least 1/2 off the table right here, right now.
Doubling your money in under two months isn't quick enough?
Today: Filled on the exit at $5.10. That's a double.
Here I suggest taking at least partial profits, take at least 1/2 off the table right here, right now.
Doubling your money in under two months isn't quick enough?
Today: Filled on the exit at $5.10. That's a double.
Quote from Rearden Metal:
ADT current price: $38.18.
Here I suggest taking at least partial profits, take at least 1/2 off the table right here, right now.
Doubling your money in under two months isn't quick enough?
Today: Filled on the exit at $5.10. That's a double.
Nice job. You've filled squares 1 and 2 on the chessboard...
Let's see you get to square 10. You'll then have some shekels to go with the lint in your pant's pocket ...
Get to square 20, and people might start to notice.
Make it to square 30, and you'll qualify for a CIA bag job.... Bye, Bye, Reardon! ;-)
Even if you changed your trading currency to grains of rice...
Forget about squares 31-64...
Quote from Rearden Metal:
ADT current price: $38.18.
Here I suggest taking at least partial profits, take at least 1/2 off the table right here, right now.
Doubling your money in under two months isn't quick enough?
Today: Filled on the exit at $5.10. That's a double.
RM, that was a great call on ADT!
I don't understand the haters on this website.
Thanx PBJ... The crowd reaction to this journal is still noticeably more positive than the way they mercilessly heckle the less successful journals of other traders. (No need to name names, as these other journals I speak of are easy enough to find.)
Whenever I recommend specific illiquid options, one look at my quote screen shows me all the money rushing into the market to piggyback my ideas. This is real capital backing my plays, which means a thousand times more than any string of empty words that cost nothing to post.
I came into this knowing what an uncompromisingly tough crowd I'm dealing with here, so I guess I can deal with it...
Whenever I recommend specific illiquid options, one look at my quote screen shows me all the money rushing into the market to piggyback my ideas. This is real capital backing my plays, which means a thousand times more than any string of empty words that cost nothing to post.
I came into this knowing what an uncompromisingly tough crowd I'm dealing with here, so I guess I can deal with it...
Quote from Rearden Metal:
ADT current price: $38.18.
Here I suggest taking at least partial profits, take at least 1/2 off the table right here, right now.
Doubling your money in under two months isn't quick enough?
Today: Filled on the exit at $5.10. That's a double.
Nice $7,500 for the weekend! Wish I'd followed you on this one.
Good for you Rearden for the ADT! 
How do you "feel" that? You say you have"feelings" I think is experience.
How do you "feel" that? You say you have"feelings" I think is experience.