I forgot to mention one thing in my last post about RMBS trade. After I shorted RMBS and it started spiking up and market was also going up dramatically, to hedge against my position in IB, I went long 400 shares of RMBS at 9.5 in my TOS a/c to hedge against my IB position. [...]
Feb 25th Update
February 25th, 2009 · 3 Comments · General
Feb 24th Update
February 25th, 2009 · No Comments · General
Few mistakes today: 1. Went short RMBS even though I was planning to play it LONG. I went SHORT because Muddy in the chatroom said he is going to short it. I couldn’t go LONG after that and I got confused about the price action after that. Mind you, I am not blaming Muddy for [...]
Feb 24th Watches
February 24th, 2009 · 2 Comments · General
1. CAB – It moved from 6$ to 8$ based on earnings news. CAB is a specialized retailer for hunting, fishing and other related products. Today, it didn’t really come back down, but I think it should give back some of this massive 2$ move tomorrow. Another nice thing about the stock is that it [...]
Feb 23rd Update aka FAZ rocks!
February 24th, 2009 · 3 Comments · General
Well, as I wrote in my last post, holding HIG and PRU short was not a good idea. HIG was spiking in the pre session today. I did have a strong feeling that all the financials will gap and crap (and they exactly did that), I could not risk holding 1500 shares of HIG short. [...]