Tag Archive for 'AXP'

It’s nice to be short

Published on January 19, 2011, 9:02 pm in Trading. Closed Tags: , , , , , , , , .

…Short stocks that is :-) Moneymakers today were puts…in JPM SPY and SDS. Money losers were calls in V and TBT…but the shorts won dollar-wise.

Still playing with TWX and their internet connectivity! Yes it sucks, but I was online more than offline. I did see that GS and AXP did not have good news this morning…and the kick to the downside was on. And that was really good for my JPM puts…thank you.

Jobless claims tomorrow, along with Existing home sales and Leading indicators, will either continue the downtrend or turn it around.

Oh boy…this is getting fun!

I like my new telephone, my computer works just fine, my calculator is perfect, but Lord, I miss my mind! –Author Unknown

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Volatile?

Published on December 16, 2010, 8:56 pm in Trading. Closed Tags: , , , , , , .

While the market was quite sedate today, there was a lot of activity at the credit card companies: V MA DFS AXP and, not as volatile but the banks are affected also. While I was not in any of those stocks, I did buy some V calls near the close because I thought this was quite an over-reaction. Here’s another wrapup from WSJ: Fed’s New Debit-Card Fee Rules Hit Hard; Issuers Howl .

It was a mixed day for me…making some good money on the GLD puts but getting stopped out of QID….may re-enter both of those next week. The rest of my positions are hanging in there.

Not much in the newsfront for Friday…no overseas news and the only U.S news is Leading Indicators at 10AM EST. I’m real interested in seeing what V and MA do on Friday. Of course, OpEx may keep traders on the toes, but the last couple of OpEx’s have been fairly low volume. I’m looking for an up day on Friday, 20 of the last 28 December OpEx days have been up, so we’ll see if it follows the trend. If history repeats itself, Friday will be up and Monday will be down. Hang in there… 8O

“President Obama is reportedly trying to quit smoking, but he can’t get the 60 votes in the Senate to make it happen.” – Jay Leno

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