Reversing QID and TECS for large losses ... those are two of the terrible positions taken on 8/24 (fixed the date typo in spreadsheet, prices were always correct), just the absolute worst sort of whipsaw. Anyway, soldiering on.
ETF Trading Portfolio Update -- September 8, 2015
Reversing the yen short for a loss ... a reminder that I'm the only person on Planet Earth who shorted the China market on June 1st, find me another time-stamped post, article, TV clip, I don't care, which shows similar timing and I'll paypal you $20 ... I've posted a chart of the SPY down below ... you can expect prices to bump around in that range for awhile, nearly a 30 point range, so....
Crick to enrarge.
ETF Trading Portfolio Update -- August 31, 2015
SRS belatedly reversing, no other changes. Terrible action last week for trend followers, just the worst kind of whipsaws, but nothing has *re-*reversed yet so I'm assuming that real damage was done to the market and we'll see things back and fill for many months.
I joked on The Twitter that SCO could reverse now that I had bragged about my "gains" ... never brag. :-)
Pepco Holdings Drop, 1 Minute View
Again a case of people in the know being able to sell some before the "news" hits. Back on Tuesday, regulators put the kibosh on the EXC purchase. No way to make money on this unless you were able to short into the fat bar as it formed, pre-halt. Good luck with that.
Crick to enrarge
Ariad Pharmaceuticals Pop, 1 Minute View
Supposedly being bought out ... action during the lunch hour telling ... lots of buyers "under the radar" ... still if you got in after the "news" hit, you should have done fine, assuming you were quick.
Crick to enrarge
Freeport-McMoRan Pop, 1 Minute View
I don't usually feature after-hours pops since they're usually earnings-driven, but this was different ... Icahn disclosing a stake in FCX after the close on Thursday, causing it to pop. If you were fast and got in then out before it collapsed again, you could have made a buck. I guess the filings reader bots got to this first but I can see a human getting in at $11.
Crick to enrarge
ETF Trading Portfolio Update -- August 24, 2015
Cutting losses ... almost 100% short now (the bonds and XIV are inverse plays) ... shorts put on in July offsetting most of the longs put on at around the same time ... a "hedged portfolio."
ETF Trading Portfolio Update -- August 17, 2015
No changes this week. Posted a chart below of the SCO entry. Doesn't matter since no one reads brogs anymore.
Sysco Pop, 1 Minute View
Again during the lunch hour ... I guess CNBC got the scoop (leak) ... not much oomph on this one, risk reward wouldn't have made sense in the end, though you wouldn't have lost money, assuming you were quick. Options watchers were aware of unusual activity in the calls before this happened, so the fraudsters (now on a golf course somewhere?) made out once again.
But they didn't hack the press release this time.
Crick to enrarge
American Express Pop, 1 Minute View
Bit late to post this, happened the Friday before last ... every day trader on planet earth saw this at the same time, scanners blaring across the land ... Bloomberg story is time stamped at 01:42PM: ValueAct Said to Amass AmEx Stake as Activist Seeks Targets but it probably showed up on the Terminal before then, though long after 13:27 when everyone piled in. Once again I can't see a realistic entry without a tick chart, not available to those slumming on the $9.99 datafeed. Hang on the story is time stamped August 7, 2015 — 1:28 PM EDT, which must be the Terminal time stamp, not the web.
Crick to enrarge