Weinstein Trading and Fading

Quote from TraderSU:

Bob,

Sorry about your loss.

I too wish your account a speedy recovery. I'm confident that you'll flat it in no time.

Best of luck :-)

- TraderSU
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Hello TraderSU,

Thanks for your post. very nice of you

I think if I can end the quarter in the green I will be happy

Thanks and best to you

Robert
 
Well today was a much better day.

It was pretty slow going for much of the day. I had a nice winner with BCRX thanks to Mad_Badger who is visiting me. I also had another trade that did not work out so well with JDAS and I will carry over some shares overnight.

I shorted 5

SHW – 81
PWRD + 26
KCI + 170
JDAS – 1265
CAT + 891
BCRX + 1549

+ 1291 Day
- 115876 Week
- 105173 Month / Quarter
 

Attachments

Bob thanks for pointing out pop in pm for PWRD in the chatroom.I made nice gain in the stock,but gave it back due to over trading later on . jack
 
Quote from HurricaneUS:

Is your chatroom open to the public?

If so, where is the chatroom located?

TIA

Wonderful journal :)
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Hello HurricaneUS

Thanks for asking. I am PMing you the address so as to not spam ET

I look forward to seeing you there

Thanks

Robert
 
Pretty good day of trading

I was lucky enough to have Mad_Badger here in my office again while I traded and as a result of him I traded a couple of stocks that turned into nice winners. So a big thanks to Mad

Nasdaq has been on fire lately and I joined in with some shorting but was very conservative with entries and size. For the most part I just scalped it with the thought that I was on the less risky side by being short.

I also scalped SBUX a bit but that was not as good as I hoped. Ended up just stopping out for a small gain when it didn’t do what I wanted.
SBUX + 66

OREX + 441
ONXX + 191
NTES + 323
nas futs + 61
JDAS + 141 this was my carryover from yesterday
GNTX + 1044
EBAY + 120 After market fade after earnings report
CSL + 129
ATHR + 104

+ 2624 Day
- 113252 Week
- 102549 Month / Quarter
 
Hello Mr. W
What a Journal!!!

i know you had a big loss a few months back and i also know how nicely you recovered. i know you will recover this time too. Your journal sets an example for all traders like me.

you are teaching us to keep fighting and not give up.

good luck
 
Hi Robert,

I have not posted before but I`m a long time reader of your journal and big fan of your personality. HAR scam could have not happened to a nicer person. I am wondering now that the scam is out is there any chance you`ll get your money back.

Best
 
Wow, I am _shocked_ that the SEC moved so quickly on this rather than waiting 4 or 5 years to get around to it. Hopefully they will do the right thing and give any money back to the investors affected. Citigroup is probably going to end up paying for this also so you might have a good shot at getting made whole. It would make a nice ending if you can recover what was stolen! Good luck!

http://finance.yahoo.com/news/Kuwaiti-financier-sued-by-SEC-rb-2338918095.html?x=0&.v=7
 
Quote from brocklanders:

Wow, I am _shocked_ that the SEC moved so quickly on this rather than waiting 4 or 5 years to get around to it. Hopefully they will do the right thing and give any money back to the investors affected. Citigroup is probably going to end up paying for this also so you might have a good shot at getting made whole. It would make a nice ending if you can recover what was stolen! Good luck!

http://finance.yahoo.com/news/Kuwaiti-financier-sued-by-SEC-rb-2338918095.html?x=0&.v=7
More...

This is great news :-) Good luck Bob.

- SU
 
you must be joking. unless the trade is broken that day its a done deal period.How many people ever got a cent back due to massive company fraud such as accounting fraud? fraud is fraud. zero. its part of the game. the sec is going after the peoples profits as the trades were on for weeks. How about the millions knocked out of ge at $6 because of the "rumours" its was going bk. roumours and fraud are part of the game.Years ago i was short 5k pmcs and they halted the stock accidentally at 3:55 pm for earnings instead of 4 pm. i was going to exit before the close and couldn't. i lost 15k and it was tough shit for me. I think a few weeks ago bob made some good money due to a bogus story on lm that some investor was increasing his stake. it was all over the news wires. it allowed bob to short high and cover low when the story was said to be a lie. did bob have to give his profits back or did the longs who bought at the high and lost big get there loses back? of course not
 
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