How 'bout that stock market?

Steve,

I followed some of the earier posts but wanted to ask what you think about bulltrade.com if you or anyone happens to know. I signed up for the stock alerts.

Also do you invest in UltraShorts? THe realestate seems to be craping which is good for the shorts.

What do you think?
 
NSSEX91 said:
Steve,

I followed some of the earier posts but wanted to ask what you think about bulltrade.com if you or anyone happens to know. I signed up for the stock alerts.

Also do you invest in UltraShorts? THe realestate seems to be craping which is good for the shorts.

What do you think?
Click to expand...

I have never been to that site so I can not comment.

I buy trade mostly options but I am trading a choice few ETF's. Before you mess with ANY ETF's make sure you read up on them. They don't all work the way you expect them to.

RE in this are is strong but I am seeing a drop in the higher end homes. I looked at a lake house this weekend that is assessed at 418k that I could get for 225-250 mark. 6k square feet. I know when this turns around and if I put my Jeff Lewis hat on I could easily get 500k for it when the market turns and have a nice place to hang out in the summer plus I would hold it for two years too which would make the gains even sweeter.
 
steveny said:
I have never been to that site so I can not comment.

I buy trade mostly options but I am trading a choice few ETF's. Before you mess with ANY ETF's make sure you read up on them. They don't all work the way you expect them to.

RE in this are is strong but I am seeing a drop in the higher end homes. I looked at a lake house this weekend that is assessed at 418k that I could get for 225-250 mark. 6k square feet. I know when this turns around and if I put my Jeff Lewis hat on I could easily get 500k for it when the market turns and have a nice place to hang out in the summer plus I would hold it for two years too which would make the gains even sweeter.
Click to expand...

The problem with this is that the market may never turn due to the fact that prices were artificially inflated to begin with. I think current prices are what they should be so here is no reason for a rebound. They are not under valued IMO but I don't know. From 1990 to 2000 Texas pretty much saw around 0 appreciation. Could happen again. Besides average income has to increase at the same time and thats not going to happen when most companies are laying off.
 
NSSEX91 said:
The problem with this is that the market may never turn due to the fact that prices were artificially inflated to begin with. I think current prices are what they should be so here is no reason for a rebound. They are not under valued IMO but I don't know. From 1990 to 2000 Texas pretty much saw around 0 appreciation. Could happen again. Besides average income has to increase at the same time and thats not going to happen when most companies are laying off.
Click to expand...

RE in the NE works a lot differently then it works any where else. As well I am not saying I am going to buy the house then sit on my ass and hope for something to be created out of nothing. I will rehab the house and add value in doing so. Unlike all the appreciation that just happened in other parts of the country here it takes good old fashion work to actually make money.
 
Damn I wish POT could keeping making these moves. From 40 to 80 in a week. I've probably caught about half of that move going in and out.

Went 9 for 14 which is very good for me since I have a 1:4 risk to reward ratio. (if I am right 3 for 12 trades I break even) The last two trades were both losers so that's when I stop til later in the day.

Missed most of the moves with the gold stocks though. Caught some of the VNO/IYR moves. Oil behaved oddly after the announcement, XOM went off like a freight train then retraced almost completely.
 
Closing the drys puts for another 3k in profit.

Steve watch a chart for drys it is really setting some easy patterns.

A 2 year old could pick out the pivots.
 
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steveny said:
Closing the drys puts for another 3k in profit.

Steve watch a chart for drys it is really setting some easy patterns.

A 2 year old could pick out the pivots.
Click to expand...

Are you buying off that ~.80 mark? That's what jumps out to me. Bought more SRS a little over 50 today in my LT. Whatever I use for my next hedge, fade me and we'll split the profits.
 
sahtt said:
Are you buying off that ~.80 mark? That's what jumps out to me. Bought more SRS a little over 50 today in my LT. Whatever I use for my next hedge, fade me and we'll split the profits.
Click to expand...

I have slapped DRYS 3x today and yes that .8 is the mark on the long and .2 on the short, but with puts so I am .1-.3 on the downside spread.

Doing good on my AXP. Got some news today some idiot set a 12m target at 15PPS. LOL.

Long FAS with June calls, just 4 contracts @14.5 at this point. I am going to scale into this one and try and build 100 contract at all different price levels.

Pounded aapl again with calls at the 85 for another g.
 
I got in with about 33% more size than usual with POT at 79.79 and averaged .60 out of it per 100 lot. In again and it's all over the place right now. red green red green. Come on still have 500 shares @ 79.785, give me 79.31 and I'll leave the casino I swear!!
 
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Going long another 500 if it hits .75 come on POT. Size keeps jumping in and out at the 80 and pushing it down.

Ok I'll get out of some at .11's, you win POT.
 
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300 out at .11, 300 out at .31, 300 moved up to .48 let's ride.
 
sahtt said:
I got in with about 33% more size than usual with POT at 79.79 and averaged .60 out of it per 100 lot. In again and it's all over the place right now. red green red green. Come on still have 500 shares @ 79.785, give me 79.31 and I'll leave the casino I swear!!
Click to expand...

OH man that's so funny. You know what happens don't you. You get 78.50 then pray for 79. As soon as you sell, 81 PPS
 
D-Damn closing imbalance on drys??
 
BP is my 2nd most conservative play behind MO and I'm 20% and have been getting paid 9% to hold it. That's how you play a bear market.

I doubled my position at 52.xx for a cost basis of 65 with SRS.

I'm using SRS as a hedge not a trade, ask me if you don't know what I mean by that. I'm in deeper than 20 shares so I feel your pain.

Pretty soon there is going to be a day that SRS moves 40-80 points+. You'll want to take some off before the close that day. I'm 100% comfortable waiting a few weeks.
 
sahtt said:
BP is my 2nd most conservative play behind MO and I'm 20% and have been getting paid 9% to hold it. That's how you play a bear market.

I doubled my position at 52.xx for a cost basis of 65 with SRS.

I'm using SRS as a hedge not a trade, ask me if you don't know what I mean by that. I'm in deeper than 20 shares so I feel your pain.

Pretty soon there is going to be a day that SRS moves 40-80 points+. You'll want to take some off before the close that day. I'm 100% comfortable waiting a few weeks.
Click to expand...

whats you cb on srs?
 
Went short this morning but not with a lot of size unfortunately. Got a point and some change in POT. Went in with a lot of size later trying to call bottoms.. tsk tsk. Down slightly on the day but I'll be almost flat if the trade I'm in works.
 
sahtt said:
Went short this morning but not with a lot of size unfortunately. Got a point and some change in POT. Went in with a lot of size later trying to call bottoms.. tsk tsk. Down slightly on the day but I'll be almost flat if the trade I'm in works.
Click to expand...

I thought for sure you would have played that tail on DRYS.
 
I did glance at it but during that time period I was already in some positions derived from some alerts I set up on my software.

I usually don't trade lower dollar stocks very often unless it looks really good. That sucker fell hard though, looks like a 15-18% move in 5-10 mins. POT fell from 82 to 75 and I got a whopping two fifty out of that 7 point move.

Ah someone hit if me if try to call another bottom in this damn market.
 
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