<p>Came back from my run and dumped everything. Took about an hour to execute my sell orders in PBA. Dropped about $57K today. Not a problem though.</p>
<p>So you used limit orders in pba?</p>
<p>The ex-div date for PBA was scheduled for today which should account for part of the move down.</p>
<p>As I missed a lot of the move down, being in a meeting for 2 hrs, I was only able to buy more q’s. Wanted to buy back the aapl 410 - 510 - 610 butterfly but it didn’t get executed since I only had a chance to look at it around 3:58.</p>
<p>Nope. Market.
Dropped the price about 12 cents. That’s actually impressive given the number of shares that I sold. It looks like a market-maker was pretty busy looking to find buyers without cratering the price. I wonder if there was TSE matching going on.</p>
<p>Ameritrade executed my order instantly. Fidelity took forever. The Fidelity positions were bigger but I think that Ameritrade is better at executing stuff like this.</p>
<p>I thought I would be able to pick up some hpq tomorrow but the way its looking right now in the after market, doesn’t look promising.</p>
<p>BCEagle 91, you put in a market order and it took an hour to fill? </p>
<p>Did you get stopped at a price? Sometimes you will get a reply like stopped at 33.25. Then you know your worst price. </p>
<p>I think you were lucky. I think the buyer of your stock was trading against your order in Canada which is why you didn’t get an awful fill. This is an opinion, but I think a good one.</p>
<p>Edit… So yeah… I think there were tse trades against yours.</p>
<p>I guess intc went bye bye since you sold everything. That was a nice cap gain in pba. </p>
<p>If intc closes above 24 on Friday, I will have the investment position
I want for 2 to 3 years.</p>
<p>If intc closes below 24, I will be longer. The stock I buy below 24 I will play with.</p>
<p>dstark, you think the market is reversing downward? It looks like BCEagle91 has bet that way. I just bought the S&P 500 at 1654.50 and an very nervous.</p>
<p>No, I’m just booking profits (and a big tax bill). I’ve seen Fed day reversals on Thursdays many times in the past. I’m not making a market call other then stepping off the train for a while. I might get right back in tomorrow. It has certainly happened before.</p>
<p>Razorsharp, I don’t know. </p>
<p>I slways check the after market. Trading is going on right now. The after market is up a small amount.</p>
<p>Key reversal day for the technicians. New higher high, then a low and close below the previous 2 days’ low. Normally you would expect some follow through on the downside, but this market isn’t “normal” is it? There, have I sufficiently qualified my forecast?</p>
<p>Well razorsharp, the futures are up 2 points right now from where you bought them. If you are too nervous you can sell all or part of your position.</p>
<p>Apparently the machines have amnesia or more than likely incapable of looking back and comparing statements from 1 meeting to the next. Its the same comments as always from the fed. The hawks have been against qe from day 1 and the doves will continue it. Bernanke was clear. If the jobs number tomorrow morning is in line with expectations, the market will rebound from here.</p>
<p>Wow - the market is up 130% and earnings are up 127% - such a disconnect. The market must be up due to fed easing.</p>
<p>Would earnings be the same if there was no fed easing?</p>
<p>It is hard to tell on a bb because a bb is not three dimensional, but you seem very nervous, doct. If not nervous, very uncomfortable. I don’t mean this in a derogatory way. Some people are more nervous than others. When I was on the floor there were many traders with nervous tics. One guy had restless leg syndrome. Many were nervous wrecks. Many of these traders were successful. </p>
<p>Razorsharp mentioned nervousness. If a trader is nervous they should cut their position size down. Life is too short to be too stressed and stress shortens life too.</p>
<p>Trading is very uncertain.</p>
<p>Money is not the measuring stick in life.</p>
<p>That’s why I buy put spreads.</p>
<p>Why would I sell if I don’t know which way the market is going when I can buy protection cheap or even free?</p>
<p>Did you hedge your longs completely by putting on the put spreads?</p>
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<p>Some people will just come out and tell you on a BB.</p>
<p>As far as nerves go, just about everyone that I run into that’s long and riding it up is nervous. The types that aren’t have so much money that it doesn’t matter or the close out their positions by the end of the day. Some close out their positions by 10:00 AM and are done by then.</p>
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<p>“This brings up another story which illustrates the same theme. J.P. Morgan was “Master of the Universe” back in the 1920s. One day a young man came up to Morgan and said, “Mr. Morgan, I’m sorry to bother you, but I own some stocks that have been acting poorly, and I’m very anxious about these stocks. In fact worrying about those stocks is starting to ruin my health. Yet, I still like the stocks. It’s a terrible dilemma. What do you think I should do, sir?””</p>
<p>“Without hesitating Morgan said, “Young man, sell to the sleeping point.””</p>
<p>– Richard Russell</p>
<p>I’ve had many of these days where the market goes up and up and up and then one day it has a big down day and I do nothing because I’m confident in my positions and the next day it might even make a new high. Sometimes, though, it’s the first big down day of two or three, and I wish that I had gotten out. So every once in a while, you’ll see me dumping everything. Or almost everything. And I’ll look around - if things are okay after a few days, then I’ll scale back in. If they aren’t, then I’ll just take an extended trading break. In the old days, it would be psychologically hard to exit. It could be a problem of realizing a loss or thinking that it will come right back. That was a long time ago. I’m more of a mercenary these days but emotions still affect me but nowhere near as much as before. I used to be paralyzed with fear at days like today but I’m a lot faster on the trigger to take action. It would have been better if I had pulled the trigger before my run but that’s life. I’m still up over 20% for the year and I’d be an idiot to complain about that.</p>
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<p>HP reported a 32% profit drop. PCs and servers were weak. PC revenue was down 10% led by lower laptop sales. Printers were down 1%. Itanium servers were down 37%. This is an architecture that Intel and HP developed that hasn’t worked out that well, in large part because AMD came out with X86-64 which got rid of the need for an expensive and incompatible architecture to run 64-bit applications. Cheap AMD chips could run 64-bit applications and existing applications would run as well. Intel was forced to respond with similar chips and this has led to declining fortunes for Power (IBM), SPARC (Oracle) and Itanium (HP/Intel).</p>
<p>Industry Standard servers (X86) were also down. HP had a little growth in network equipment.</p>
<p>BTW, IBM’s Power servers were down 32% in the last quarter.</p>
<p>Hopefully HP’s decline in industry standard servers (Intel x86) are company-specific and that other companies are selling lots of x86 servers.</p>
<p>That is a good post that explains your style, BCEagle91. </p>
<p>Intc was unchanged in the Aftermarket so we will see if that carries forward tomorrow. I did sell more puts in intc today. </p>
<p>The trades either work or they don’t.</p>
<p>I can sleep either way.</p>