Citigroup isn’t nationalized. Sure, it isn’t. Another ugly day.
The big question is – are we going to get it out of our system and turned around before everyone loses everything?
Opened: GTrades short
Month to Date:
My ports: -11.2%
Brokerage: -6.3%
BBE Overall: -9.3%
S&P -11.0%
% of Targets reached: -347.6%
I’m screwed ratio: 48.0 to 2.5
Another crap day. No one still can define what nationalizing a bank actually entails. No one has any answers to anything it seems.
Closed:
CUB, -6.64%, held 3 days, stopped out. (GTrades)
GILD, -8.51%, held 15 days, stopped out (GTrades)
Opened:
GTrades short
Month to Date:
My ports: -9.5%
Brokerage: -5.5%
BBE Overall: -7.9%
S&P -8.8%
% of Targets reached: -297.3%
I’m screwed ratio: 48.0 to 2.5
The market just can’t decide if it wants details on these plans or not, or even what details they want. Mess.
2/23: Long GTrades pick
2/24: Covered calls on CEPH, -61%, held 35 days
2/24: Sold GG, -5.8%, held 9 days (stopped out)
Today: Nothing
Month to Date:
My ports: -7.5%
Brokerage: -4.7%
BBE Overall: -6.4%
S&P -7.4%
% of Targets reached: -240.9%
I’m screwed ratio: 48.0 to 2.5
I swear, it seems that no one has any idea whatsoever what the stimulus will do, or when it will do it, and it’s all just acting on FUD.
Closed:
EW options play (stopped out) -23.86%, held 8 days (GTrades)
TTEK, -9.46%, held 12 days (GTrades)
Month to Date:
My ports: -7.3%
Brokerage: -3.8%
BBE Overall: -5.9%
S&P -6.8%
% of Targets reached: -221.9%
I’m screwed ratio: 48.0 to 2.5
Honestly, I am really and truly sick of retesting lows. But, maybe it’s a bottom.
Nothing opened or closed.
Month to Date:
My ports: -5.5%
Brokerage: -2.8%
BBE Overall: -4.4%
S&P -5.7%
% of Targets reached: -166.4%
I’m screwed ratio: 48.0 to 2.5
Still not a whole bunch of faith in the stimulus it seems. Can’t say I blame anyone – it seems to change every day.
Opened: GTrades short
Month to Date:
My ports: -4.4%
Brokerage: -2.3%
BBE Overall: -3.6%
S&P -4.5%
% of Targets reached: -134.1%
I’m screwed ratio: 48.0 to 2.5
The market has no confidence in the stimulus package because I don’t think there is anyone actually out there that understands what the hell is in it or what it is actually supposed to do.
I did see a news alert this evening that construction had begun on a bridge in Missouri and is thought to be the first project under the federal stimulus plan. No way in hell did that project come out of today’s bill signing if all the funding was done right. That just doesn’t happen that fast…
Closed:
Puts on SPY, just above breakeven. (Worked out nicely since they expire this week.)
Month to Date:
My ports: -3.4%
Brokerage: -2.2%
BBE Overall: -3.0%
S&P -4.4%
% of Targets reached: -111.6%
I’m screwed ratio: 48.1 to 2.6
And completely forgot to post. Port was down a bit. Nothing opened or closed.
Futures for tomorrow are down, maybe it will turn by the morning. :)
Granted, I swear they change the dashboard with every swinging update, so it will be a while before I get used to it – don’t be surprised if there are some half finished posts cause I hit the wrong button. :)
And yes, there are a few more ads now… Mildly annoying, but at the same time, we all need to make some coin in this economy. If you do see one that piques your interest, do click – it helps everyone. :-D
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