Tag Archive for 'AMZN'

Got the bastard

Published on May 2, 2011, 7:38 pm in Trading. Closed Tags: , , , , .

You would think that the U.S. markets would have been a little more patriotic today…but no. Amazing AMZN keeps moving up, even when the indexes moved lower. Either way it felt good to get back to the trading desk after a week of jury duty and power outages.

Fading the gap up this morning was the money-making move….missed by me. :-(     I was bullish until about 11AM when I stepped aside and said WTF? After lunch I joined the bear camp and picked up some TBT calls and USO puts along with a few shares of DZZ and ZSL.

Three out of four worked, with TBT being my loser for the day. Oh well, can’t win’em all.

But the U.S. Navy Seals sure can! Thanks and good job guys! Ding Dong the Witch is Dead!

Let’s try that again

Published on October 17, 2010, 10:52 pm in Trading. Closed Tags: , , , , , , , .

Well my October puts didn’t do so well by expiration day so I rolled them into November….QQQQ and VXX….and I’ve still got some FXI puts from way back. So I guess I wasn’t wrong, just early! :D

GOOG brought the Q’s up big on Friday…helped along with AMZN and AAPL. But besides these big caps, the smaller techs really didn’t do so good. And if the rest of the market isn’t so happy, we may be just experiencing a bit of that irrational exhuberence. Tomorrow’s reports from AAPL as well as IBM will give us a hint.

S&P futures are down this evening as the US dollar shows some strength….short futures so far so good and puts looking good too. Let’s see what morning brings.

Still crazy after all these days

Published on April 22, 2010, 8:28 pm in Trading. Closed Tags: , , .

What a day…a great morning for bears and a great afternoon for bulls, as the markets recover from a triple-digit loss. What the $%@&*? And although price led the way up, market internals did not look so good. The high-beta stocks in the Nasdaq and the Russell reached new highs, but the blue chips in the Dow and the S&P did not! The NYSE closed in the red. Major indexes are trying hard but cannot break to new highs.

Earnings are a story also….There are a few exceptions, but, it looks like companies are still making profits from cost-cutting and not from higher sales. So unless jobs come around, where will topline growth come from? And just because some Euro boss said that Spain and Portugal would not be like Greece, traders drank the Kool-aid!

MSFT and AMZN sucked after the close. Futures started to go down right after the cash close. Not that any of the reports have been bad, it’s just because they haven’t been as great as the run-up in price.

Not too many reports tomorrow and eco-news is light also. So…maybe the bears can accomplish what they need to do, bring down this market. Here’s some interesting reading in the GS bullshit….

That’s exactly the problem I have with SEC’s case. When you buy a call option, do you scream foul when you discover the guy who sells you the call is bearish on the stock? If Goldman clearly disclosed what was in the Abacus portfolio, why does it matter who selects them?

Goldman Is Tarnished, but Don’t Write It Off. You may need to sign up for a preview to read the entire article, but a subscription to Barron’s is not a bad thing.