Stenzrob's specials

Bought some SIGM for $46.00.

SIGM seemed to be holding up alright, but dropped this morning. Chatter on the yahoo board (90% of which is noise, but there are nuggets to be found) says some institutions might be pissed off due to option repricing, so I checked the SEC filings. Sure enough, officers were awarded options back in November with strike prices of $58.37. 4/A's filed yesterday repriced those options on 1/25 to $45.83. Why? I've got to admit that I'm a little pissed off about this, too.

Just bought a bunch of QMAR at $21.75.
Unless there's something I'm just not seeing, this looks like free money.

[IIC]

Tough market

ZRAN's outlook sucks. Down a few dollars after hours. Oh, well.

Bought some SIGM for $46.00.

Now about 40% invested in a few long positions, also considering some SDTH. If the rally continues, these should do well, and if not, I'm prepared to dump them and go back into QID.

Set a stop no QID at 50.40.

Well, that didn't take long. Out of QID for now.

Holding LUNA and ZRAN.

Set a stop no QID at 50.40.

Bought some ZRAN at 15.36, a bit slow on the trigger
Saw some demand for it at the open, and then saw that it was upgraded, also reporting after the close today.
Now I'll go see if I can find out the rationale for the upgrade.
Metrics look good, price/sales, price/book, PEG are all low and showing ZRAN to be undervalued here.

Again, needed to hold that QID position for 3 days to prevent more serious trading restrictions on my account. This is very inconvenient, and meant that I was not able to exit intraday yesterday, but was able to escape this morning near the open at 50.32, with a measly 0.6% gain since Tuesday.
I will probably stay in cash for a few days until this rally starts to sell off again, which I still believe it will. I am looking for the nasdaq and qqqq to reverse at the 200 day ema.

Couldn't resist, got back into QID again at 49 just before the close yesterday. Out of touch until a few minutes ago, I see it opened at 47 today and has been headed up ever since. Now comfortably back in the green again. QID is the only position I feel comfortable trading right now.

Again, needed to hold that QID position for 3 days to prevent more serious trading restrictions on my account. This is very inconvenient, and meant that I was not able to exit intraday yesterday, but was able to escape this morning near the open at 50.32, with a measly 0.6% gain since Tuesday.
I will probably stay in cash for a few days until this rally starts to sell off again, which I still believe it will. I am looking for the nasdaq and qqqq to reverse at the 200 day ema.

AAPL's outlook should drive the market lower and QID higher tomorrow.
After hours, AAPL is down over 10%, and QID up about 3%.
The fun is just beginning.

back into QID at $50.
I'm thinking this bounce won't last.

Tuesday morning should see a significant gap down at the open.

Glad I adjusted my mutual funds, but it's a shame that I got stopped out of QID.

This is the update on futures on marketwatch today:
"March contracts on the Dow Jones Industrial Average traded 522 points lower to 11,584 as of 11:30 a.m. Eastern.

"Futures contract don't move in complete lockstep to the underlying indexes, but by comparison, the Dow industrials fell 382 points on Sept. 20, 2001, just days after the terrorist attack on the Twin Towers, and by 387 points on Aug. 9, 2007, shortly after the recent credit crunch first emerged.

"S&P 500 futures fell 60 points to 1,265.00 and Nasdaq 100 futures fell 76 points to 1,773.25."

Well, the market tried just hard enough to rally this morning to trigger my stop, which executed at 46.55. Still, the QID position still gained 3.2% while the market has tanked. I'll probably wait a few days before trying anything again, mostly because I don't want to be caught in anything, short or long, for more than a day right now.

Stimulus package won't help much, but has the futures up.
I took a look at pre-market trades in QID and set a stop limit at 46.50.

Taking my Audi to the shop today, leaving in a few minutes and might not be back until the afternoon. Set the stop because even during bear markets, rallies can be sharp and severe. Again, taking my cues from staring at the charts from late 2000.

Thanks ski. It's sad to see the same old stuff on the yahoo boards that was rampant in late 2000 and early 2001. Please note I only look at yahoo boards for amusement and to observe human (anti-social) behavior patterns.

"This stock can't possibly go below $xx because a) that's where support is b) that's where the P/E would be too low"

"This stock won't go down much further because this companies growth will be unaffected by the recession"

Many of those people are real people, who will be losing real money in the months to come (if my bear call is right). Some will use this "buying opportunity" to max out their margin accounts. It is useless to make any attempt to even moderate their wildly optimistic views.