Job numbers also not quite as bad as expected.
Have an AWESOME holiday tomorrow with your favorite people and your favorite foods.
Month to Date:
My ports: -10.9%
Brokerage: -8.3%
BBE Overall: -10.0%
S&P -8.4%
% of Targets reached: -418.4%
I’m screwed ratio: 48.3 to 2.8
And Obama announces his economic team. Personally, I don’t think it’s a bad thing that he wasn’t throwing out specific numbers during the press conference. I think it’s stupid to expect him to NOT wait for his economic team to come up with recommendations – I’m glad he didn’t let himself get backed into a number or a yes/no on the tax issue.
I’m mildly annoyed with E*Trade right now – the damn ABI shares are STILL sitting in my account. I emailed them about it and they said it can sometime take a couple of business days to get it all sorted. It’s not like the merger was a surprise, though and they’ve had a whole damn weekend to replace ABI shares with either LIFE shares & cash or all cash. It can’t be THAT hard. Can it?
Closed:
Covered AZO, +0.1%, held 3 days (trailing stop out)
S&P Calls, +15.9%, held 4 days
Opened:
Puts on S&P
Month to Date:
My ports: -11.9%
Brokerage: -12.1%
BBE Overall: -11.9%
S&P -12.1%
% of Targets reached: -499.8%
I’m screwed ratio: 48.3 to 2.8
And looks like Bill Richardson for Commerce. (Though I still think he would have been PERFECT for State.)
Nifty little rally in that last hour or so.
Still waiting on my brokerage for some update on the ABI/IVGN merger. It supposedly closed tonight, I went for an all cash distribution, and it’s *still* showing my ABI shares… I want my money, dammit! :)
Closed:
Sold XNPT puts, +26.9%, held 31 days
Sold FDOAE calls, -36.09%, held 17 days (stopped out)
Sold PNYCF calls, -42.66%, held 18 days
Month to Date:
My ports: -14.7%
Brokerage: -17.0%
BBE Overall: -15.5%
S&P -17.4%
% of Targets reached: -629.1%
I’m screwed ratio: 48.3 to 2.9
Seems the private jet thing did NOT go over well with Congress.
Also, bad jobs numbers.
Closed:
Covered PSA, +11.09%, held 3 days
Covered BBBY, +4.34%, held 3 days (trailing stop out)
Covered CAH, +17.95%, held 6 days
Covered DAI, +6.99%, held 6 days (trailing stop out)
Opened:
Another GTrades short (all there is anymore it seems!)
Month to Date:
My ports: -16.8%
Brokerage: -21.0%
BBE Overall: -18.3%
S&P -22.3%
% of Targets reached: -745.1%
I’m screwed ratio: 48.3 to 2.9
CPI way down. Carmakers getting smacked around by Congress. General malaise all about.
Opened: Calls on S&P at the end of the day.
Month to Date:
My ports: -13.3%
Brokerage: -15.8%
BBE Overall: -14.2%
S&P -16.7%
% of Targets reached: -578.4%
I’m screwed ratio: 48.3 to 2.9
Wholesale prices fell, and we got to watch Congress smack around Bernanke and Paulson for a while.
Note: The 3×2 Backtesting is out of commission for a while. I’m dealing with some other things that are taking up a lot of my time and mental energy and I am trying to give myself more time in the day.
Closed:
Puts on PSA, +16.21%, held 5 days
DLTR, -5.63%, stoped out, held 3 days
Opened:
2 GTrades shorts
Month to Date:
My ports: -11.5%
Brokerage: -11.2%
BBE Overall: -11.4%
S&P -11.3%
% of Targets reached: -463.7%
I’m screwed ratio: 48.3 to 2.9
I have no decent words for today. I’m exhausted.
Closed: SON, -30%, held 57 days (another I should have dumped…)
Month to Date:
My ports: -11.2%
Brokerage: -11.3%
BBE Overall: -11.3%
S&P -12.2%
% of Targets reached: -458.8%
I’m screwed ratio: 48.3 to 2.9
And the SEC is probably looking at my trade, LOL.
Last Thursday I dumped UTHR for a 17% loss. It had a nice pop w/the big rally off the lows and I decided to suck it up and just get rid of it. (Something I should have done a while ago.)
Today it is down 36%. For the day.
Damn.
Maybe it means something, maybe it’s a bottom, maybe it doesn’t mean jack.
But it was nice.
Opened:
3 GTrades shorts (would have worked better if I’d opened them at the very end of the day, but you can’t have everything.)
Closed:
Puts on S&P +11%, held 15 days
UTHR, -17.55, held 49 days (should have dumped it ages ago, took the pop today.)
Month to Date:
My ports: -6.9%
Brokerage: -5.8%
BBE Overall: -6.6%
S&P -5.9%
% of Targets reached: -208.3%
I’m screwed ratio: 48.3 to 2.9
Basically no one can figure out how this is supposed to work…
Opened:
GTrades short (via puts)
Closed:
Puts on APOL, stopped out, -59%, held 21 days (GTrades)
Calls on GAS, stopped out, -69%, held 11 days (GTrades)
Month to Date:
My ports: -9.9%
Brokerage: -11.0%
BBE Overall: -10.3%
S&P -12.0%
% of Targets reached: -326.6%
I’m screwed ratio: 48.3 to 2.9
