How did you handle the last 3 days?

  • Posted: 29 October 2009 03:00 PM

    So here’s what I did, for better or for worse:
    I sold 680 sh C at $4.22 bought at 1.79. I sold 100 sh BAC at 15.35 bought at 4.90 or less; bought 50 sh MXWL at 17.93; bought 100 sh AMD at 6.01; watched aapl. What did you do?

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    Hocus pokus, hope it don’t poke us in the eye.

         
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    Posted: 29 October 2009 03:16 PM #1

    Sold 2,200 AAPLs.
    Bought 12xNov195C and 10xNov200C.
    Call replacement strategy.  Whatever proceeds on OE (Nov 21), rollover to Dec or Jan calls.

    Do nothing with 1,000 C and 400 SPWRA in IRA accounts.
    Continue fortnightly DCA purchase of index fund.

    Edit: Changed quarterly to fortnightly.
    Sold another 1,000 AAPLs.
    Bought 10xNov195C.

    [ Edited: 29 October 2009 06:10 PM by Mace ]

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    Stay Hungry. Stay Foolish.  - Steve Jobs

         
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    Posted: 29 October 2009 03:22 PM #2

    Bought a small quantity of additional BAC @ 15.62

    Bought some 2012 $210 LEAP calls @ $40.00

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    “Knowledge speaks, but wisdom listens.”
    - Jimi Hendrix

         
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    Posted: 29 October 2009 03:38 PM #3

    Shoveled 18” of snow in Denver CO!  WTF!

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    NOBAMA / Carter 2012 - “Yes we can - we just figured out a way - it’s called the American deem”

         
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    Posted: 29 October 2009 03:44 PM #4

    runedge - 29 October 2009 06:38 PM

    Shoveled 18” of snow in Denver CO!  WTF!

    You have my sympathy.  :-o

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    “Knowledge speaks, but wisdom listens.”
    - Jimi Hendrix

         
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    Posted: 29 October 2009 03:45 PM #5

    I posted my AAPL trades on Sanity but not here, I sold my Jan 170 call for about 164% gain (had been as high as 215%) Tuesday morning just before we broke 200. Also sold my remaining Nov 190’s for about 15% gain. Also sold 1 of my 2 underwater Jan 200’s for $11.00 Tuesday and bought it back today for $9.35 Bought a few Dec puts on Wed midday and closed out most of them at the close and made a decent profit….should have closed them all out. Closed the remainder this morning but not at the low for a slight loss….and bought back my 1 Jan 170 call for $330 less than I sold it.

    Could have done a lot better with my timing but at least I didn’t lose more.

         
  • Posted: 29 October 2009 05:26 PM #6

    I cursed .... quite a bit.

    : )

         
  • Posted: 29 October 2009 05:41 PM #7

    I found a good book and read it. :wink:

         
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    Posted: 29 October 2009 06:36 PM #8

    How did I deal with the last three days? The same way I deal with every day by trying to take over the world!

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    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

    For those who look, a flash allows one to see farther.

         
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    Posted: 29 October 2009 10:23 PM #9

    I took up my old photography hobby again.

         
  • Posted: 30 October 2009 12:01 AM #10

    The past three days?

    Day 1: I went to work in the morning. Came home in the evening.

    Day 2: I went to work in the morning. Came home in the evening.

    Day 3: I went to work in the morning. Came home in the evening.

    Posted in the AFB all three days.  grin

         
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    Posted: 30 October 2009 12:56 AM #11

    I read and watched and then sold and sold some more.  Cashed in profits and protected myself from margin calls.

    I bought back and then sold again for small loss, but freed up more money.

    It can be very scary to see 208 become 191 in 4 trading days.  It is not that bad after being a veteran in the market, but it can become a disaster if you don’t pay attention.  I did and luckily did well.


    Will most likely buy back more tomorrow in small lots.  The GDP number will get the bears even more angry.

         
  • Posted: 30 October 2009 01:18 AM #12

    Took profit by covering half my PALM short at a touch over $13; intend to stay short with the rest indefinitely.  Wrote ATM calls on 10% of my AAPL when it was at $199.

         
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    Posted: 30 October 2009 12:57 PM #13

    I’m spooked - sold everything.  Waiting for some confidence (on my part) in overall market.

         
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    Posted: 30 October 2009 01:43 PM #14

    My hands are waving in the air and I am yelling “Weeeeeeeeeeee!”

    This is one heck of a roller coaster smile

    no transactions to report

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    Striving to exceed the needs of the future.

         
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    Posted: 30 October 2009 02:08 PM #15

    Buying hard

    1500 shrs appl long added onto larger core position.

    Short term it is crazy, but we can see clearly now where this is going in the intermediate term.

    And when the hoopla on the iTablet hits, look out.

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    “Even in the worst of times, someone turns a profit. . ” —#162 Ferengi: Rules of Acquisition