My Stock Value Strategy Starts Now (1 Viewer)

[Lord of Football]

Put an order in for 300 shares of FAZ at 25.50"Direxion Financial Bear 3X Shares topped the list at midday on Monday for Buying on Weakness, which tracks stocks that fell in price but had the largest inflow of money. See the full list."Has not filled yet but I'll wait. I think over 26% on the bank plan in one day is just too much.

Lowered the price to 25.40 and filled. just now.I'll look to add more at the end of the day if it stays on its low.

 

[FavreCo]

Put an order in for 300 shares of FAZ at 25.50"Direxion Financial Bear 3X Shares topped the list at midday on Monday for Buying on Weakness, which tracks stocks that fell in price but had the largest inflow of money. See the full list."Has not filled yet but I'll wait. I think over 26% on the bank plan in one day is just too much.

Lowered the price to 25.40 and filled. just now.I'll look to add more at the end of the day if it stays on its low.

I want in FAZ bad. Can't pull the trigger.

 

[IC FBGCav]

Put an order in for 300 shares of FAZ at 25.50"Direxion Financial Bear 3X Shares topped the list at midday on Monday for Buying on Weakness, which tracks stocks that fell in price but had the largest inflow of money. See the full list."Has not filled yet but I'll wait. I think over 26% on the bank plan in one day is just too much.

Lowered the price to 25.40 and filled. just now.I'll look to add more at the end of the day if it stays on its low.

I want in FAZ bad. Can't pull the trigger.

I can't either, literally. I had all my cash in FAZ Friday when I sold. Have to wait for it to settle on Thursday to get back in. I don't want to sell off any other positions right now.

 

[FavreCo]

FAZ blows right thru 25.

Almost pulled the trigger at 24.50. Order cancelled.

 

[The Z Machine]

Bass, gimmme a BBT update on where they satnd right now and where you think they're headed.

 

[Lord of Football]

FAZ blows right thru 25.

Knew I should have waited a little longer. I'll probably put a market order in with around 10 mins left in the day.

 

[FavreCo]

FAZ blows right thru 25.

Knew I should have waited a little longer. I'll probably put a market order in with around 10 mins left in the day.

Sitting here thinking the same thing.

 

[Chaos Commish]

FAZ blows right thru 25.

Knew I should have waited a little longer. I'll probably put a market order in with around 10 mins left in the day.

Sitting here thinking the same thing.

Why will financials fall from here in the short term?

 

[FavreCo]

FAZ blows right thru 25. :X

Knew I should have waited a little longer. I'll probably put a market order in with around 10 mins left in the day.

Sitting here thinking the same thing.

Why will financials fall from here in the short term?

THat's what stops me from placing the order. momentum is clearly positive for FAS and negative for FAZ. This would be a 1 day trade for me.

 

[Lord of Football]

FAZ blows right thru 25.

Knew I should have waited a little longer. I'll probably put a market order in with around 10 mins left in the day.

Sitting here thinking the same thing.

Why will financials fall from here in the short term?

I think 30% in one day over a plan that is far from being an end all be all of our financial problems is an over reaction... I'll be out of this by the end of the week.

 

[siffoin]

Trying something out since I'm still learning here.Bought 1,000 EXM at 4.08. Sold 10 June calls with a strike of $5 for $0.834 after comission. Puts my cost basis at $3.246 protecting me from a 20% downside from today's price. If they end up in the money in June, I make 54% in 3 months. We'll see how it goes.

Well Done!

 

[FavreCo]

The market is pure momentum right now. Not sticking my head in front of this locomotive now. Looks like a rally all the way into close.

 

[Lord of Football]

 

[Lord of Football]

300 more at 22.15

 

[siffoin]

300 more at 22.15

Just curious...is there a method for determining entries on FAZ (anyone not just LoF)?

 

[Lord of Football]

That's enough risk for me. 600 with average cost basis of 23.78.

Stop loss set at 20.00.

Hopefully there will be some sell off tomorrow and I'll be able to turn this at around 26. Really wish I would have waited till the last 10 mins to buy all of them.

 

[eoMMan]

300 more at 22.15

Good luck. I'm on the other side. I bought in FAS at the wrong time at $7.20. I still should be okay, though.

 

[FavreCo]

FAZ now at 21.40 and I still can't talk myself into pulling the trigger.

 

[FavreCo]

That's enough risk for me. 600 with average cost basis of 23.78.Stop loss set at 20.00.Hopefully there will be some sell off tomorrow and I'll be able to turn this at around 26. Really wish I would have waited till the last 10 mins to buy all of them.

That may be today.

 

[BassNBrew]

That's enough risk for me. 600 with average cost basis of 23.78.Stop loss set at 20.00.Hopefully there will be some sell off tomorrow and I'll be able to turn this at around 26. Really wish I would have waited till the last 10 mins to buy all of them.

I think your stop loss tripped.

 

[FavreCo]

I won't be getting in FAZ. Scottrade just melted down.

 

[FavreCo]

That's enough risk for me. 600 with average cost basis of 23.78.Stop loss set at 20.00.Hopefully there will be some sell off tomorrow and I'll be able to turn this at around 26. Really wish I would have waited till the last 10 mins to buy all of them.

I think your stop loss tripped.

That drain in FAZ is unreal.

 

[BassNBrew]

That's enough risk for me. 600 with average cost basis of 23.78.Stop loss set at 20.00.Hopefully there will be some sell off tomorrow and I'll be able to turn this at around 26. Really wish I would have waited till the last 10 mins to buy all of them.

That may be today.

Saw it dip to $19.40 or so. Ouch.

 

[Lord of Football]

That's enough risk for me. 600 with average cost basis of 23.78.Stop loss set at 20.00.Hopefully there will be some sell off tomorrow and I'll be able to turn this at around 26. Really wish I would have waited till the last 10 mins to buy all of them.

I think your stop loss tripped.

Holy S*** that was insane...nothing like losing $2,300 in a couple of hours.

 

[bigfishboy]

That's enough risk for me. 600 with average cost basis of 23.78.Stop loss set at 20.00.Hopefully there will be some sell off tomorrow and I'll be able to turn this at around 26. Really wish I would have waited till the last 10 mins to buy all of them.

I would like to wish the FAZ owners some luck, but I jumped on the FAS train last Friday and doubled up this morning. I understand this is a huge move today, but I am not so sure it is going to correct downward. The last time this started to move (March 9) I thought it would correct itself quickly. It ended up running 6 out of 7 days and FAZ got crushed.The Fed has proven once again they will not allow the financials implode. I would much rather be in FAS and ride out a dip because I am confident it will come back (even if it is a few months). But if you get stuck in FAZ, you may never get it back, EVER!

 

[BassNBrew]

I think I loss about $1200 on paper in about an hour.

Sold 500 UCO for a $350 profit.

Solod 250 EXM for a $25 or so profit.

 

[Buckna]

My real time quotes showed FAZ sub $20 there. Tried to get a purchase in right before the bell but my internet has slowed to a screeching halt. That might end up saving me a lot of money or costing me a lot of money. Wish I could get into my accounts to see if my trade went thru.

 

[BR33ZE]

Update on where Dodds stands currently value wise?

Where is the guy that was tracking this?

 

[analog_hiss]

Not sure if this has been posted before, but I thought I would provide the link:

http://www.level2stockquotes.com/level-ii-quotes.html

Might help those day traders that need up to the minute info for buy/sell orders.

Runs via Java.

 

[BassNBrew]

Just sold 200 SCO for a $658 loss.

Previously bought and sold SCO/UCO for $478 gain

Sitting on a unrealized loss of $500 on UCO and a gain of $200 for UCO. Total $480 loss if I sold now.

 

[BassNBrew]

Just sold 250 EXM at 4.685. $150 profit.

This stock scares me right now. DD posted some very negative news and the stock is going up through the roof. I'm going to play other options in this sector that are actually reporting their numbers on time.

 

[Haraldur]

FAZ seems like a really dangerous play right now at least for any short term trading. Would have figured for more of a pop this A.M., wouldn't be surprised if the bulls have a good afternoon here.

 

[St. Louis Bob]

In 4000 DXO at $2.53, I can't help myself.

You still hold those I gather? Nice one!

Thanks I've been buying & selling all year but I'm holding. For now...

Out at @ 3.14 +$2440

 

[BassNBrew]

Bass, gimmme a BBT update on where they satnd right now and where you think they're headed.

I'm on the sidelines waiting for a pull back, may not happen. I've been getting my tail whipped the last few days so I'm not one to listen to.

 

[BassNBrew]

Just sold 200 SCO for a $658 loss.Previously bought and sold SCO/UCO for $478 gainSitting on a unrealized loss of $500 on UCO and a gain of $200 for UCO. Total $480 loss if I sold now.

Got rid of the UCO for a gain of $210. 100 SCO shares remaining and I'll be out of oil.

 

[None_More_Black]

Just sold 250 EXM at 4.685. $150 profit.This stock scares me right now. DD posted some very negative news and the stock is going up through the roof. I'm going to play other options in this sector that are actually reporting their numbers on time.

Dryships beat expected earnings pretty good today. Just rang the cash register with some Prgn I took a flier on Friday after it was slammed for missing earnings and cutting its dividend. Thanks David for the tip.

 

[analog_hiss]

First three purchases:500 FEED @ $1.89400 GPRE @ $1.641000 SIRI @ $0.25

Added 10,000 NEOM @ $0.027Total invested so far: $2121.

 

[LHUCKS]

All of my money is on the sidelines now...looking for my next play.

 

[St. Louis Bob]

Bought 135 OIL @21.68 on 12/22

Out today @20.37 loss $136.35

I'm all out for now hoping DXO drops in the next couple of weeks.

 

[eoMMan]

Bought 135 OIL @21.68 on 12/22

Out today @20.37 loss $136.35

I'm all out for now hoping DXO drops in the next couple of weeks.

I'm in the same boat. I sold DXO last week for $2.60 right before it rallied (still make an $.18/share profit). I'm in FAS now at $7.20 and once I make something on that, DXO would be my next play if it drops down.

 

[David Dodds]

I made some moves today and we will see if they were wise or beyond dumb. Oil seems way overpriced to me, but I think many hedge funds are using it to bet against inflation. So unless the dollar rebounds soon, it could till be going higher. But that said the inventories are NUTS, demand is off and another 80 million barrels are still floating at sea. This increased price will likely also curb use during the prime summer months. So I plunged in harder.

I sold all 4,000 PRGN at 3.85 (.25 profit per share) = Profit = $1000 - $12

and I bought 1,500 more SCO at 27.20. This puts me at 4,500 shares at an average cost of $30.98

Not sure I like my average cost down strategy here or not. My hope is I get a bounce on the storage report and completely exit my position here tomorrow.

I have set a stop loss at 24.50 for SCO, but I think I will move out of at least some of these shares tomorrow regardless.

 

[LHUCKS]

I made some moves today and we will see if they were wise or beyond dumb. Oil seems way overpriced to me, but I think many hedge funds are using it to bet against inflation. So unless the dollar rebounds soon, it could till be going higher. But that said the inventories are NUTS, demand is off and another 80 million barrels are still floating at sea. This increased price will likely also curb use during the prime summer months. So I plunged in harder.I sold all 4,000 PRGN at 3.85 (.25 profit per share) = Profit = $1000 - $12and I bought 1,500 more SCO at 27.20. This puts me at 4,500 shares at an average cost of $30.98Not sure I like my average cost down strategy here or not. My hope is I get a bounce on the storage report and completely exit my position here tomorrow.I have set a stop loss at 24.50 for SCO, but I think I will move out of at least some of these shares tomorrow regardless.

Ballsy move David.I'm not touching oil until the Fed is done f'ing with the system. I'm still pissed about last week...we all got screwed on our SCO play because of the trillion dollar injection.

 

[Deadpool]

so 2 weeks ago i rode fas from 2.8 to 5...felt good selling it on friday...

was a little disappointed that it kept moving thru last wed...

then i moved in to faz at 27 on thurs....held into friday, and was really thinking i would take the $'s and not hold over the weekend...

bam...terrible call....didn't realize obama was going on 60 minutes...

i'm really considering a $ double up, but not going to make the leap until tomorrow, since obama is on the tv again tonite....

good luck all...

 

[FavreCo]

so 2 weeks ago i rode fas from 2.8 to 5...felt good selling it on friday...was a little disappointed that it kept moving thru last wed...then i moved in to faz at 27 on thurs....held into friday, and was really thinking i would take the $'s and not hold over the weekend...bam...terrible call....didn't realize obama was going on 60 minutes...i'm really considering a $ double up, but not going to make the leap until tomorrow, since obama is on the tv again tonite....good luck all...

Just moved into FAZ at 20.39. Not going to hold this stick of dynamite long.

 

[The Z Machine]

All of my money is on the sidelines now...looking for my next play.

I hear that NEOM is the place to be.

 

[analog_hiss]

All of my money is on the sidelines now...looking for my next play.

I hear that NEOM is the place to be.

 

[David Dodds]

API Report has been released:

NEW YORK (MarketWatch) -- Crude-oil stocks rose by 4.57 million barrels during the week ended March 20, the American Petroleum Institute reported Tuesday. Motor gasoline stocks fell by 805,000 barrels, and distillate stocks dropped by 1.57 million barrels, API also said. In electronic trading on Globex, oil futures fell 57 cents, or 1%, to $53.41 a barrel. The Energy Information Administration is scheduled to release its more closely watched weekly petroleum report on Wednesday morning.

and here are what the analysts expected: Analysts surveyed by Platts expect a decline of 900,000 barrels in gasoline stocks and a 200,000 fall in distillate stocks, which include heating oil and diesel. The EIA, however, may also report a gain of 1.4 million barrels in crude oil inventories, the analysts predict.

So all in all the inventories again got worse (and did worse than the analysts expectations, but only by a little bit). Unfortunately it does not look like I will get any bounce tomorrow.

 

[St. Louis Bob]

API Report has been released:NEW YORK (MarketWatch) -- Crude-oil stocks rose by 4.57 million barrels during the week ended March 20, the American Petroleum Institute reported Tuesday. Motor gasoline stocks fell by 805,000 barrels, and distillate stocks dropped by 1.57 million barrels, API also said. In electronic trading on Globex, oil futures fell 57 cents, or 1%, to $53.41 a barrel. The Energy Information Administration is scheduled to release its more closely watched weekly petroleum report on Wednesday morning.and here are what the analysts expected: Analysts surveyed by Platts expect a decline of 900,000 barrels in gasoline stocks and a 200,000 fall in distillate stocks, which include heating oil and diesel. The EIA, however, may also report a gain of 1.4 million barrels in crude oil inventories, the analysts predict.So all in all the inventories again got worse (and did worse than the analysts expectations, but only be a little bit). Unfortunately it does not look like I will any bounce tomorrow.

I hope Oil tanks too. ETAIt seems that every time our president makes a speech the market tanks. So we should be in good shape........

 

[LHUCKS]

Just put in a limit order for 200 shares of SCO at 27.78...run baby run.

 

[Ten Yard Fight]

I made some moves today and we will see if they were wise or beyond dumb. Oil seems way overpriced to me, but I think many hedge funds are using it to bet against inflation. So unless the dollar rebounds soon, it could till be going higher. But that said the inventories are NUTS, demand is off and another 80 million barrels are still floating at sea. This increased price will likely also curb use during the prime summer months. So I plunged in harder.I sold all 4,000 PRGN at 3.85 (.25 profit per share) = Profit = $1000 - $12and I bought 1,500 more SCO at 27.20. This puts me at 4,500 shares at an average cost of $30.98Not sure I like my average cost down strategy here or not. My hope is I get a bounce on the storage report and completely exit my position here tomorrow.I have set a stop loss at 24.50 for SCO, but I think I will move out of at least some of these shares tomorrow regardless.

Good one David. I think we were a week late, no? I might aim to exit Friday.