Ok, Here are Blue's trades for today, as indicated yesterday-
AAPL, long @ $122.55
KKD, long @ $2.66
JOSB, long @ $21.62
YHOO, short @ $26.50
(these are today's opening prices, as per the rules)
Now that you put some dates on your trades I was able to see that indeed you did add a lot of positions on 3/21 for 3/24. Guess I missed that. Sorry for any misunderstanding.
PS New handle, as usual, the result of Habertroll's persistant multiple forgeries of my previous one. This too has already been forged. Watch for one with an "l" in place of the "i"
ALD- that's a stock I don't trade. Not that I'm a big believer in "buy and hold", but I thought I should dollar-cost-avg something a long time ago and it was ALD; and it had a DRIP. So, on these drops I get more shares. Yeah, I'm aware of Einhorn and his stance; have not read his book, nor will I. Seems the stock action has vindicated him somewhat. However, he's been slamming/short ALD since what, 2003? (not sure about the date) If so, he's been wrong on the price action for 4 out of the past 5 years. If I were him and I finally had a gain on it from this recent decline, I'd take it and move on. ALD is in some pretty good price support here @ $13. I'm a buyer!
Yeah... something's up. It must be those new vitamins I've been taking! :o)
The only thing I'm unhappy about is AAPL- missed the mark on that one. I think it's limited to $190 or so, though. I am also building a position in RIMM CALLS after making a 5x gain on PUTS which I bought just before the earnings numbers hit. Looking for RIMM to make it back to $140+, then I think it'll be a good sell again. Thought about sticking that one in the "challenge", but for some reason didn't. Share them ideas too!
Been awhile since I updated this... have not made any changes. Here's current performance-
Symbol, L/S, Entry Price, Curr Price, %G/L
KKD, L, $2.66, $5.03, 89.09%
YHOO, S, $26.5, $20.78, 27.52%
AAPL, S, $134.01, $166.00, -19.27%
CIT, L, $11.55, $7.77, -32.72%
PZZA, L, $25.28, $26.70, 5.61%
BUD, L, $46.58, $62.35, 33.85%
LEH, S, $47.72, $21.58, 121.13%
FRE, S, $32.49, $17.35, 87.26%
COF, S, $51.81, $37.46, 38.30%
JOSB, S, $25.71, $27.17, -5.37%
Up 29.94% Not too bad for 3 months...
Today's trades fer Ole Blue-
Selling BUD @ Open (closing long position)
Buying LEH @ Open (closing short position)
Buying FRE @ Open (closing short position)
Buying COF @ Open (closing short position)
Buying LEH @ Open (new long position)
Buying FRE @ Open (new long position)
Buying COF @ Open (new long position)
excellent job, Blue! I'm probably closer to -30%. Haven't cared to check lately. What is your opinion of ALD? I've considered the purchase of David Einhorn's book. Do you think it has any validity?
price price BLUE-speak
stock short or long date cvrd date sold cur/cvr sold prof/loss % prof/loss % prof/loss
KKD short March 19 $3.09 $3.05 -0.04 -1.29% -1.29%
COIN short March 19 $8.85 $9.89 $1.04 10.52% 11.75%
TNRO short March 19 $1.85 $2.16 $0.31 14.35% 16.76%
CZZ short March 19 $13.00 $12.47 ($0.53) -4.25% -4.08%
COIN-2 short April 01 $8.85 $10.70 $1.85 17.29% 20.90%
COIN-3 short April 01 $8.85 $10.70 $1.85 17.29% 20.90%
KKD-2 short April 01 3.09 3.09 $0.00 0.00% 0.00%
KKD-3 short April 09 $3.09 $3.40 $0.31 9.12% 10.03%
TNH-1 short April 21 $153.97 $163.00 $9.03 5.54% 5.86%
TNH-2 short April 22 $153.97 $166.99 $13.02 7.80% 8.46%
TOTAL 7.64% 8.93%