Skiracer's stock slopes

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  • yoyomama
    Senior Member
    • Mar 2009
    • 219

    I've got some C May $4 Calls @ .32...they're up 25%. Not that I plan on exercising but I do think C's 4.32 at the end of May.

    Comment

    • skiracer
      Senior Member
      • Dec 2004
      • 6314

      Originally posted by yoyomama View Post
      I've got some C May $4 Calls @ .32...they're up 25%. Not that I plan on exercising but I do think C's 4.32 at the end of May.
      i like it long over the long run but only after the govt sells off their shares which will be coming up soon within the next month or so supposedly around the next earnings report. but good luck with those options and be ready to get out with the money while you have it yo.
      THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

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      • yoyomama
        Senior Member
        • Mar 2009
        • 219

        Originally posted by Belaruski View Post
        i like it long over the long run but only after the govt sells off their shares which will be coming up soon within the next month or so supposedly around the next earnings report. but good luck with those options and be ready to get out with the money while you have it yo.
        lol...thanks. They're sneaky, the gov man...I mean even before this new round of "we're getting out soon" they float the idea, then it's all quiet & everybody forgets and smack! Yeah I should bail soon. Thanks.

        Comment

        • yoyomama
          Senior Member
          • Mar 2009
          • 219

          Sheesh...just remembered C's earnings or lack of are out later this month Got to be out before that.

          Comment

          • skiracer
            Senior Member
            • Dec 2004
            • 6314

            Originally posted by yoyomama View Post
            Sheesh...just remembered C's earnings or lack of are out later this month Got to be out before that.
            and that is when the govt is going to start unloading their shares. so be on alert because they might just start earlier if they see the price up higher before the earnings report. but i think we'll see a decent drop here pretty soon but thats only my opinion.
            THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

            Comment

            • yoyomama
              Senior Member
              • Mar 2009
              • 219

              Originally posted by Belaruski View Post
              and that is when the govt is going to start unloading their shares. so be on alert because they might just start earlier if they see the price up higher before the earnings report. but i think we'll see a decent drop here pretty soon but thats only my opinion.
              I'm still hanging with the calls....says I'm up 43%, too bad I didn't have 50K shares of the equity!

              Comment

              • yoyomama
                Senior Member
                • Mar 2009
                • 219

                C $4 May Calls up 63%...remind me to come back in here bragging after I forget to get out in time!

                Comment

                • skiracer
                  Senior Member
                  • Dec 2004
                  • 6314

                  Originally posted by yoyomama View Post
                  C $4 May Calls up 63%...remind me to come back in here bragging after I forget to get out in time!
                  real nice play yo. good luck with it. i'm still holding my short position from $4.24 range. just about at my stop loss point after todays close. i might give it a little more breathing room though thru tomorrow. they report earnings on april 19.
                  THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

                  Comment

                  • yoyomama
                    Senior Member
                    • Mar 2009
                    • 219

                    Originally posted by Belaruski View Post
                    real nice play yo. good luck with it. i'm still holding my short position from $4.24 range. just about at my stop loss point after todays close. i might give it a little more breathing room though thru tomorrow. they report earnings on april 19.
                    Hey thanks & thanks for the earnings date reminder! If your stop loss point doesn't hit are you going to hold short through earnings?

                    Comment

                    • skiracer
                      Senior Member
                      • Dec 2004
                      • 6314

                      Originally posted by yoyomama View Post
                      Hey thanks & thanks for the earnings date reminder! If your stop loss point doesn't hit are you going to hold short through earnings?
                      i like it to the short side right now because of the shares the govt is going to unload at some point. the word is that they are going to start selling their shares around the time C reports earnings around april 19, but they are liars and you can never trust anything they say. so who knows what they are going to do. right now i'm down almost 6% and my normal stop loss point is 7%. i might give it a little bit more but we'll see what happens tomorrow and the next couple of days. so far i have been on the wrong side of the bet which is no big deal whether it's 7% or 8% with what i have in it with the trade. i'm happy to see that you did well with the trade. just stay on top of it. you know the option is alot different than the equity.
                      THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

                      Comment

                      • yoyomama
                        Senior Member
                        • Mar 2009
                        • 219

                        I bailed on the C calls today...+90%, wish I had more. I wanted to hang longer but I thought, this is crazy...get out while it's there. After earnings I want back in for sure.

                        Comment

                        • wooish
                          Senior Member
                          • Dec 2008
                          • 499

                          Congrats on the win. We all know this market is rigged, keeping filling up the punch bowl. I'm waiting patiently to short.

                          Comment

                          • yoyomama
                            Senior Member
                            • Mar 2009
                            • 219

                            Well, thanks. Every dog has their day apparnetly. Funny, market's all over the place but C trucked on straight through with no regard.

                            I'll be back in! I might try the Jan 11/12 leaps once it tanks a little.

                            Comment

                            • skiracer
                              Senior Member
                              • Dec 2004
                              • 6314

                              Originally posted by yoyomama View Post
                              I bailed on the C calls today...+90%, wish I had more. I wanted to hang longer but I thought, this is crazy...get out while it's there. After earnings I want back in for sure.
                              real nice play yo. i was surprised to see it hold up as well as it did this week. just goes to show you these things have a mind of their own. i'm still holding the short position and will give it until monday to see what goes. dont know what is up with it this coming week but glad to see you took the cash while you had it. nice job.
                              THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

                              Comment

                              • skiracer
                                Senior Member
                                • Dec 2004
                                • 6314

                                phil mickelson wins his 3rd masters. he's a class act. anybody except tiger is ok with me.
                                THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

                                Comment

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