Market broke 10k today, was not expecting it, so really did not benefit much on the big gap up, and basically broke even today with no real good calls. Here is the overall summary of trades:
10/14 - URE Short 5.96, out 5.98, lost 200. Tried to short right on open the bullish commercial real estate ETF based on JPM comments on conference call, but did not matter, market gap up way to big, but took a small chance, lost in case reversal. Did not love the trade when did it but not a horrible stab.
10/14 - MPG long 2.72 10k, out 2.79, made 700 - Did a quick, non-twitter post on MPG when it took out it’s days high, on volume, for basically a five minute trade near end of day. Not going to get rich doing these types of trades, but it was there.
10/14 - AIG long 44.70, 1.5k, out 44.50, lost 300. Knew market was going to rip into close, this was lagging, thinking it may run due to GS reporting tomorrow and both usually linked. When it went back to red for day, knew trade was done, took small loss.
10/14 - OPXA long 3.05, 10k, still holding. Bought on news of ACOR getting panel approval on MS drug, thinking OPXA may get a little bump due to same space, for a trade into tomorrow. Would not chase this name, figured give it a shot even though biotechs not really moving in overall market. Will revisit tomorrow.
10/14 - Sold half GSI swing long, even, still holding 5k. Disappointed in how it’s been trading since AA earnings guidence, but today seemed to trade pretty solid. Cut my position in half.
No one happy today but broker with commissions, lol, but overall, did not lose money on a day I did not expect. G/L
Welsh