Stocks and Trading Thread - Channeling your inner Mono

[Admiral Yi]

If you pay to get an even money bet, then you're not really getting an even money bet.  Paying the fees and bid/ask spread is equivalent to spotting the casino an edge in a bet.  In both cases, your expected return is negative.

No shit Shylock. 

[MadImmortalMan]

Well, it looks like I was a bit hasty covering my short. I should have listened to my own advice. Could have made a couple hundred bucks more than I did. My GLD calls are skyrocketing though.

[Ed Anger]

[Ed Anger]

GODDAMMIT

[Grey Fox]

Unretirement?

[MadImmortalMan]

Man. I wish I had listened to my own advice and held my puts until after the speech. 

[Ed Anger]

Unretirement?

no.

[Tamas]

Sadly they fucked up my shorts earlier this week, so this dive-bombing is only enough to cover those losses.

[Tamas]

BTW I am planning to keep my SP500 short on for the weekend. Just in case an anniversary terror plot succeeds

[Ed Anger]

BTW I am planning to keep my SP500 short on for the weekend. Just in case an anniversary terror plot succeeds

You might see a patriotic bounce if the shit hits the fan.

[MadImmortalMan]

I think we're going to drift a little up. I'm trying a small daytrade with SPY calls.





Greece says they are going to be able to fully implement their bailout agreement and will definitely not default. 



Edit: And just like that, one of the Fed's peeps says QE3 would be a good idea. Here we go. 


Edit2: Calls keep flirting with stopping out at the breakeven point. Float over. I'm selling them before the close in any case.

[Ed Anger]

rinse, repeat.

[Tamas]

[Ed Anger]

I need to seriously stop turning on CNBC after I wake up.

My progression this morning:





(Notices NetLogic up a lot)
(Remembers I own NetLogic long-term)

[MadImmortalMan]

Mono, I sincerely hope you got out of RIMM when I called it a corpse. They just got killed in the after-market off their horrendous earnings release.