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[Rich_in_CT]

Doing good, my FRT is at $43.73 now and I'm up almost 10% from 2pm yesterday until now.  Been going up almost the whole day so far.

[REI_Chris]

This rally has more legs to it than I thought it did! I sold out of my JPM calls a bit early, and would have been up ~90% right now, but profit is profit and I'm not complaining!

[REI_Chris]

Well, I didn't take the rest of the day off like I thought I would, but rather waited for some kind of pullback and got into some more bank calls. My rationale was a major short squeeze EOD, which is playing out VERY well. I bought 13 GS 90.00x calls for 2.76 earlier, watched them take a small loss (didn't get the timing just right) and sold 7 of those at 2.85 when the market came back around. I got a bit antsy and didn't want to give back a lot of my profit today, so I got rid of half of my position if I was wrong. I kept the other 6, and just sold for 3.30 for a 19% profit this afternoon. Overall, I went to bed yesterday with my account at 4500, and now it's up to 6700. I still have those FAS calls on the table, so they're like a lottery ticket right now. Time to actually rest! 

[Rich_in_CT]

Not bad.  My FRT that I bought at 2pm or so yesterday is up 11.55% since that time, 10.72% for just today.  Not bad for an amateur I suppose.

[REI_Chris]

Not bad.  My FRT that I bought at 2pm or so yesterday is up 11.55% since that time, 10.72% for just today.  Not bad for an amateur I suppose.

Congrats! I'm just as amateur, if not more so! I understand that days like these are 'give-me's,' but you STILL have to be able to call it from some time frame out or you end up missing the giant gains. I think we still have a day or two left in this, so we'll see how this all pans out. I'm more bearish than I am bullish with the banks going into Thursday with the M2M hearing, so I need one more day of bullish gains, or any gains at all, in the banking sector before I dump these remaining FAS calls.

[Rich_in_CT]

Scratch that, little after hours trading pushed the price up even higher.   I'm gonna ride this one a while yet, at least another week.  Then I can at least pickup the dividend and also see how its going.  As far as I'm concerned it is still a good discount so I'm gonna let it ride.

[Liquidity]

I smell a bear market rally this week. money is coming out of gold for a reason right now.

7500 here we come, hopefully

[REI_Chris]

This IS the bear market rally! I feel we have some more legs to this in the next couple days to come, but beware of corrections and swift changes!

My remaining FAS calls should be sold tomorrow depending on what the market does. FAS is up another 5% AHs, so my calls should be approaching decent premiums now! 

[Rich_in_CT]

I see the bottom falling out again the next little whiff of something bad that we hear, and that WILL happen....it is just a matter of when.  I'm keeping that REIT stock though, of the 12% gain I think I'll lose 4-5% off the top very soon but I think long term its a steady company and the underlying asset value is there to make it worth much more. 

[REI_Chris]

Sold the rest of those FAS calls for .75 for a 7% profit. Currently sitting in all cash and looking for a turnaround.

[REI_Chris]

Sold out of those remaining calls at just the right time! Now, I'm looking for a second push today in the financial sector to jump in on some puts.

[REI_Chris]

I bought 42 JPM 19.00x Puts earlier for .99 before Dimon started speaking (didn't know he was going to speak today or I would have held off) and bought 53 shares of FAZ for 53.76 near close. I'm up 5% on those FAZ shares so far, and am hoping we see a decent pullback in the markets tomorrow on this M2M hearing.

[Cris1015]

Bought DXO at 2.20 (500 shares) up 3.8% so far.

[Rich_in_CT]

Still hanging tough with my FRT.  Lost a few percent yesterday but up 6.4% today.  16.52% total gain since I purchased it on Monday at about 2pm for $39.90/share.

[Cris1015]

i bought 2100 shares of DXO at 2.36 yesterday its now at 2.65 for a nice 565 profit.

i bought 120 shares of MRK at 24.67 on Friday sold at 25.63 for a profit of 110.
I also bought 140 shares of WFC at 14.80 on friday and sold at 13.10 for a LOSS of 250.