Skiracer's stock slopes

[A L Adams]

i saw the other day where there were 115 people online at the forum last weekend. thats amazing. i wish that whoever you are out there that are just looking in without saying or asking anything please open your mouths. lets hear your ideas and/or questions regarding stocks.

Been awhile since I've visited this site. Lots of interesting stuff being kicked around. I feel pretty much the same as a lot of others on the board. I think we go lower from here. I was surprised we made such a quick and steady reversal from the February lows, especially on such anemic volume. I really figured we would get a deeper reversal than we did. I'm thinking we finish the job here. If by some chance we manage to pierce 1175-1180 on the S&P, all bets are off. I just don't think that will happen... I would think we get at least a retest of the Feb. lows. Hopefully we'll get some sense of direction this week. I'm currently short with pretty hefty positions in FAZ and LHB. Oil has been trending nicely the past year or so. I've traded the trends with SCO/UCO. Jumped out of SCO a little too early last week. Was expecting a bounce around $75 in crude. I've also been getting antsy to test some puts. I get some promo matl. from option zone and I pulled up a chart on a put pick of theirs (Dean Foods $15 May puts). The 3 waterfalls at earnings on the yearly chart was too much to resist. I bought 62 contracts at .80 on 5/7 and dumped them on 5/10 for $4. Best trade (if not the luckiest) of my life. But, i've been getting a lot of picks from Mr. Market lately so I thought I'd take a look at what you folks were kicking around and get some views on the market.. Good luck all!!!

[skiracer]

i saw the other day where there were 115 people online at the forum last weekend. thats amazing. i wish that whoever you are out there that are just looking in without saying or asking anything please open your mouths. lets hear your ideas and/or questions regarding stocks.

Been awhile since I've visited this site. Lots of interesting stuff being kicked around. I feel pretty much the same as a lot of others on the board. I think we go lower from here. I was surprised we made such a quick and steady reversal from the February lows, especially on such anemic volume. I really figured we would get a deeper reversal than we did. I'm thinking we finish the job here. If by some chance we manage to pierce 1175-1180 on the S&P, all bets are off. I just don't think that will happen... I would think we get at least a retest of the Feb. lows. Hopefully we'll get some sense of direction this week. I'm currently short with pretty hefty positions in FAZ and LHB. Oil has been trending nicely the past year or so. I've traded the trends with SCO/UCO. Jumped out of SCO a little too early last week. Was expecting a bounce around $75 in crude. I've also been getting antsy to test some puts. I get some promo matl. from option zone and I pulled up a chart on a put pick of theirs (Dean Foods $15 May puts). The 3 waterfalls at earnings on the yearly chart was too much to resist. I bought 62 contracts at .80 on 5/7 and dumped them on 5/10 for $4. Best trade (if not the luckiest) of my life. But, i've been getting a lot of picks from Mr. Market lately so I thought I'd take a look at what you folks were kicking around and get some views on the market.. Good luck all!!!

God bless you. i love to hear stories like yours with Dean Foods. All it takes is money and the guts to make the trade if you believe in it. good to see you're as active as you are. post your setups and trades here whenever you get a chance. i love seeing what everyone else is thinking and/or are doing. good luck.

[wooish]

Ski

I did trade most of the POTW that I picked but I can't buy them all. While I did have quite a few of winners but you can't win all the time.

A few losers that I'm holding right now are BRKR (an excellent stock but in a bad market), SFI again got caught in a bad market but I sold some Jun covered calls to reduce my cost basis. Another loser I have is RNN (yes I do own them after it was dipped in the low $2 but became a bag holder now). I'm looking for opportunity to close these positions at minimal loss and start my new strategy in which I think will give me a better edge in making a few bucks in this market.

[A L Adams]

Just received another good put prospect from the boys at OptionsZone. AAP will be reporting earnings Wed. or Thur. Yahoo (two diff. reports with two diff. dates) reports earnings will be released Wed. or Thurs. A quick look at the yearly chart shows a distinct disapproval at earnings (Aug. and Feb). Probably won't be as good as Dean Foods, but certainly worth taking a look at. Here's the link for those who like to play puts...

http://www.optionszone.com/trading-picks/earnings-trades/2010/05/advance-auto-parts-aap-earnings-trade.html?sid=NP3627&en=1374686

[dmk112]

C looks ripe here... picked up more @ 3.79...

[skiracer]

C looks ripe here... picked up more @ 3.79...

i'm still not convinced it wont drop further from this level yet. i think $3.25/3.50 levels are doable yet. good luck with it.

[mrmarket]

I think it is getting pretty ugly out there right now.

[peanuts]

I thought C was bottoming yesterday. But it seems that it needs to test that level again today. We might bounce, but this market is just pulling everything down. It seems like there must be some big ugly monster over the horizon.

[skiracer]

I thought C was bottoming yesterday. But it seems that it needs to test that level again today. We might bounce, but this market is just pulling everything down. It seems like there must be some big ugly monster over the horizon.

i'm out of everything except for those PCLN calls where i'm getting hammered severely. i'm going to hold on to them SOB's until they go to zero or go back up. this stock is down around 100 pts from recent highs.

[peanuts]

i'm out of everything except for those PCLN calls where i'm getting hammered severely. i'm going to hold on to them SOB's until they go to zero or go back up. this stock is down around 100 pts from recent highs.

PCLN's exposure to Europe will probably send those options to zero.

The market is reacting to things rather than the normal predictive action... nothing makes sense.

I own some stocks that are actually trading below book value. It's nuts out there.

[billyjoe]

I think we're all screwed.

---------billy

[wooish]

Wow my portfolio is down the drain, unbelievable. I've lost all my gains this year and plus some. Good luck everyone.

[skiracer]

Wow my portfolio is down the drain, unbelievable. I've lost all my gains this year and plus some. Good luck everyone.

the other day i exited everything that i owned in the trading acct. only thing is own right now are the PCLN calls in which i am getting clobbered. but i am going to hold on to then right down to 0. i just hope it recovers sometime before the middle of june or so.

[riverbabe]

the other day i exited everything that i owned in the trading acct. only thing is own right now are the PCLN calls in which i am getting clobbered. but i am going to hold on to then right down to 0. i just hope it recovers sometime before the middle of june or so.

Hello Racer. Hope you didn't take too much of a loss. Mine are red but they all definitely have the potential to come back, so hanging on, because they WILL come back at least to break even and hopefully higher. Also, took the opportunity to enter a partial position in GE today. Been wanting to do that for a long time. Tomorrow is either triple or quadruple witching, so am expecting another down day to fill the rest of the position. Heck, a lot of this red is due to the MM's f***ing around because there were so many in the money calls coming due tomorrow. Hah, guess they're taking care of most of those! My pulse is definitely racing though. What excitement! Hee.

[hags]

Target of $3.20 on C looks about right....