not yet.. the bear has just started..

If AAPL breaks down to 235, buy the $250 JULY calls. It will likely double when we get back to $250.

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Added on May 20, 2010, 9:48 pmOpen an account directly with a US broker.. much cheaper, better tools and more direct trading.
Don't go through those remisier.. that's old skool.

This post has been edited by danmooncake: May 20 2010, 09:48 PM

going to reach target price soon.. will reap profit soon..

VXX shot up 15%

sold everything and get profit of $720 for this week..

Congratulations!!

I'm holding some till Opex tomorrow and I'll close out my position.

Bought some C again...

wait for some rebound before shorting again..

any tips what to buy now?

wow, congrats. I made nothing. Every day my portfolio down -700$

You're doing fine. Keep playing the VXX, or TZA during downturn.
TZA made 10% today, VXX made 15%, SDS lower but still got 5%

We're rebounding back slowly..then hit the short button again when SPX near 1100 again (by going long on those above).

BP got to my 52 weeks low price.. $44. Made a small buy here.

don't know what to buy now..
the market has bound back a little..
have to wait first and see how SEC react on Wall Street reform..

but overall should be a bear now..

I have a short in CI, so hope tomorrow can reap something..

Wait another day.. everything will be much cheaper if we dive to SP 1040 or Dow below 10K.
But, let your shorts continue rip. VXX going higher!

Closing update:
Dow 10068.01 -376.36 -3.60%
Nasdaq 2204.01 -94.36 -4.11%
S&P 500 1071.59 -43.46 -3.90%

Holy molly!! More than 3% pull back on the Dow and S&P.
This blood bath is going to continue. No end in sight yet at the moment.

Tonight is going to be like a major hurricane season.

Not only the Greeks are protesting like nobody business, premarket added the
more bad news with jobless claims. Mid day trading, Sheila Blair (US FDIC chair) told the press
more bad banks added to the FDIC govt taken over list - normally this isn't an issue but now it has
caused more fears.

I'm holding on my precious shorts to ride this down a bit more, probably till another -20 to -30 points on S&P and I'm out for bounce play. Dow will most likely see 9K again tonight with OPEX day if no good news coming out from Europe by today.

Good luck and safe trading!

This post has been edited by danmooncake: May 21 2010, 04:44 AM

empty basket now...
has been trading short for the whole week and enjoy it.. need to rest a while and clear my mind.

there is no support anywhere; if there is, it should be below 9500.

tonight I may play short again.. but at a reduced bullets, because small bounce back is possible anytime. but I will sell the bounce back and ride the bear again.. enjoy!

ERY, TZA, SDS are good stocks to short now.. but beware, bounce back is possible anytime.. like the one with Europe bail out.. so watch carefully..

But the bear is unstoppable, if DOW cannot stand 9500, i think 8500 is the next support point.

I have a short in CI yesterday.. so should be very excited today..

This bear is indeed vicious.. seems more powerful than the one appeared in February.

Indeed indeed, mauling away like crazy!

VIX spiked to 29%+ yesterday!! My June 32.5 VIX calls are spiking like madd! Woohoooo!!!!!!!!!

Wonder if we will bounce at S&P 1040-1045 support tonight.. hmm? Or more downward pressure still?

AAPL hit 236 yesterday! Looking attractive for the long run! Will u be getting July 250 calls soon?

wow, look at the bears... Can't stand to see my portfolio, down nearing 1800 alone yesterday. The worst since started to trade.

Dow down almost 1200 points, and my overall portfolio down almost 30%. Fark. Should cut loss C and STEC earlier.

If the financial reform isnt as bad as it seems when it passes, U might be seeing a lot of upside potential for the financials and ur C will be in good hands

hope so. Will buy again in @ 3.50, 3.25 3x of current value.

Yes, I'll get getting some July or Aug 250 calls depending on which one is more attractive for this bounce play.
I think S&P 1040 should be the floor here. The big boys will get their 15% cut there. They need to send
in the PPT to pump this market back up.

This post has been edited by danmooncake: May 21 2010, 09:40 AM

PPT sleeping, scared. Hiding away. Eh, how was your C? Still holding ?