Archive for December, 2008

S&P +0.29% – Mixed bag on the auto bailout

Saturday, December 20th, 2008

Not a super exciting day.

I’m out of town for the holidays – not sure when/if I’ll be updating before I get back home.

Hope everyones holidays are wonderful.

Opened:
Calls on SPY

Month to Date:
My ports: -1.7%
Brokerage: 2.3%
BBE Overall: -0.3%
S&P -0.9%
% of Targets reached: -12.6%
I’m screwed ratio: 48.2 to 2.7

12-17

Thursday, December 18th, 2008

wClosed:
Calls on MYGN, +24%, held 9 days

Opened:
GTrades pick (via calls)

Month to Date:
My ports: 0.8%
Brokerage: 3.6%
BBE Overall: 1.8%
S&P 0.9%
% of Targets reached: 72.3%
I’m screwed ratio: 48.2 to 2.7

Fed target range of 0% to .25%, Discount Rate cut to ??? (couldn’t hear)

Tuesday, December 16th, 2008

What the hell that exactly means is beyond me – I’ve never heard them do a “range” before.

S&P -1.26% – Waiting on the Fed

Tuesday, December 16th, 2008

Oops – thought I hit publish last night, apparently hit save…

Nothing opened/closed.

Month to Date:
My ports: -0.3%
Brokerage: -0.3%
BBE Overall: -0.3%
S&P -3.1%
% of Targets reached: -11.9%
I’m screwed ratio: 48.2 to 2.7

S&P +0.7% – Retail Sales down and no bailout

Friday, December 12th, 2008

And nobody cares, because there is TARP money to the rescue!!

Nothing opened or closed.

Have a spectacular weekend!

My ports: 1.3%
Brokerage: 0.3%
BBE Overall: 0.9%
S&P -1.8%
% of Targets reached: 36.2%
I’m screwed ratio: 48.2 to 2.7

S&P -2.85% – Bailout UnCertanties?

Thursday, December 11th, 2008

The Senate Republicans have gotten their knickers in quite a twist over this and the markets ain’t happy…

Month to Date:
My ports: 0.2%
Brokerage: 0.3%
BBE Overall: 0.2%
S&P -2.5%
% of Targets reached: 8.8%
I’m screwed ratio: 48.2 to 2.7

S&P -2.31% – Chicago politics is still alive and well

Tuesday, December 9th, 2008

What a mess that is!!!!! Throw in some auto bailout doubts and you have a bit of a downer day.

Opened:
2 GTrades picks

Month to Date:
My ports: 0.6%
Brokerage: -0.4%
BBE Overall: 0.2%
S&P -0.8%
% of Targets reached: 8.9%
I’m screwed ratio: 48.2 to 2.7

S&P +3.83% Bailout on the way

Tuesday, December 9th, 2008

Closed:
Calls on DCM, +9.69%, held 5 days

Month to Date:
My ports: 2.3%
Brokerage: 1.0%
BBE Overall: 1.8%
S&P 1.5%
% of Targets reached: 68.8%
I’m screwed ratio: 48.2 to 2.7

S&P +3.64% – What jobs number?

Friday, December 5th, 2008

I can’t help but think the rally was partially spurred by the idea that with the jobs number being SO bad, the government will have to bailout the automakers, no matter how much they’re enjoying spending their days bitch-slapping them and grandstanding for the TV cameras.

Have a spectacular weekend.

Opened:
GTrades pick (calls)
Puts on SPY

Closed:
Calls on SPY, +15.8%, held overnight

Month to Date:
My ports: 0.7%
Brokerage: -6.8%
BBE Overall: -1.9%
S&P -2.3%
% of Targets reached: -73.4%
I’m screwed ratio: 48.2 to 2.7

S&P -2.93% – Waiting on the jobs numbers…

Thursday, December 4th, 2008

Rally in the morning if the jobs numbers aren’t as bad as thought???

Closed:
Puts on WSH, -75%, held 11 days, stopped out
Puts on SPY, +15%, held overnight

Opened:
Calls on SPY

Month to Date:
My ports: -1.1%
Brokerage: -5.7%
BBE Overall: -2.7%
S&P -5.7%
% of Targets reached: -102.0%
I’m screwed ratio: 48.2 to 2.7