2011 First Quarter Plays

[Lucifer]

Nice recovery there GEG - love that play of AAPL calls. Speaking of which, Clakeman should be laughing too!!

I am all cash now. Took profits throughout the week and sold the last bunch today.

SPY ended on a shooting star doji, making a possible double top pattern on the weekly chart. Just being careful.

Have a good weekend everyone. The biotech bubble was fun wasn't it?! Luc.

[clakeman]

Nice recovery there GEG - love that play of AAPL calls. Speaking of which, Clakeman should be laughing too!!.
Luc.

Thanx Lucifer, I was actually crying, although I made a nice profit… I bought Feb 10 $480 calls for .80¢ and as usual placed an automatic sell order for $1.50, I completely forgot about it due to work pressure… the sell order kicked in right before market closing profiting nearly 90-100%… but wait… next day… those calls went up to $15-16 each… ouch is right…! (we are talking a 70K missed profit…sheesh!)

So much for trading carefully… that's sucks… and it killed my workflow on Thursday but I got over it already… I did loose out big time here, but I'll get up there eventually thru the longer but less riskier route… I still made 90%.

Lucifer, hope you were on the wagon on Thursday… man, that ride was something you deserve…!

[Lucifer]

LIN was long AAPL from $380 last year
LIN was long GNOM last week
LIN was short CHTP this pre-market


All I did was "Lin Lin Lin"


Okay seriously, still 99% cash, got some BIDU calls for the earning
Good luck, Luc.

[globalequitygroup]

McLovin...Who is LIN?

Apple has gone Ape *****!

The market can't even correct from all the money chasing this behemoth. It has broken through its upper resistance trend line and who knows when it will stop?

Still holding on to my SPY short.

I want to jump on AAPL long calls but its run so far. I should have never let them go last week. Painful to watch.

Nonetheless, wishing you all the best.

GEG.

[Lucifer]

LIN is in town - Jeremy Lin of the NY Knicks #17

The market is so strong, every dip was defended. AAPL can go no wrong, only 1% move than boom again into the close. Price target $650 or $1700, you decide

Is this a bear trap? Dunno, but it doesn't pay fighting the tape either...

Watching VVUS and CHTP
BPAX done, a squeeze to $2 before run down...most likely
CORT - Spunk's call for approval before...fingers crossed

Luc.

[globalequitygroup]

Ahhh. Yes He can ball.

China has just pledged to back the EU bailout fund.

The floor might be in gentlemen.

This rally may just be getting started.

I may be selling my SPY Puts tomorrow, but for now I am going to wait and see if the symmetry of the market will hold true.

I really think we need a correction for the next real pop. No one wants to buy at a perceived top.

There is a lot of money that wants to get on the train...on a pullback.

We shall see how this plays out.

GEG.

[nilesh4u]

PLX plans to dilute.
Early dec, the FDA extended the PDUFA date from 1st feb to 1st may .
Already made some decent money in run up from 5 to 6.33.
This should provide another decent entry point.

[Spunk]

I am not to sure on Cort for the record....Watching VVUS seems ...Citizen Wolfe is back in full force.

[Lucifer]

VVUS - panel note out...not bad not bad...nice wash and rinse action yesterday so this one should be an approval base on Spunk's previous experiment with "v-dump"

Now that the price is around the $11 range as per GEG's previous entry point...maybe it's time for a gamble

Adam F also called for VVUS positive panel with CHTP positive panel...very bullish

Besides VVUS is being used big time off label...so I am liking the story more and more

==

PLX - got in big time yesterday with shares and calls

AMRN - got in big time yesterday when it crossed $8.75

==

AAPL - so much for a correction...to 10SMA then off to the moon again...market is bullish these days

Buy BUy BUY..=)...Luc.

[globalequitygroup]

Just took a position in VVUS @ 10.83. Worth the gamble to me.

If you are watching Level 2 Data, I see large orders getting in at the lowball prices.

Buy Puts to protect against a negative move and it will be hard to lose on this play.

Greece got another shot of ECB juice. Disorderly Default averted for now. Market not responding. Gold rising.

I'm holding on to my SPY Puts. Tomorrow may be interesting. I could be wrong on both fronts, but we will see soon enough.

GEG.