Wang’s Happy Trading

This market is acting like its on some kind of psychedelic drug - it is “seeing” all sorts of colors!! LOL!! The market opened slightly green, but, quickly faded into the red. Then, it got a little more red. Then, it got a LOT more red! Meanwhile, we’re cashing in GR$$Ns from the solar plays! Soon after lunch, things started to turn. The broader market went all the way to green, but, ended up closing with just a shade of red.

The Dow closed down 33.73 points; SPX down just 0.85, while Nasdaq lost 52.76 points!

Yesterday, I mentioned, again, that, this week, we have a volatile, stock/sector-picking market environment. While the market was bleeding, there were pockets of stocks that were very green! I have already mentioned the solar stocks. Take a look at some of the wireless communications stocks. For instance, VIP traded up almost +8%, and MBT was up $7.23, or +8.64%!!

I also said yesterday that I might be playing some daytrade puts today. But, I was focused on cashing out on my solar plays (+200% on FSLR!!), by the time I got around to watching GOOG and BIDU drop, I didn’t feel like chasing the puts any more (Congrats to those who did get in on those puts, by the way; those must have been awesome gains. Much blessings!). So, I took things leisurely and counted my cash. When things started to turn, I did some quick trades on the call side, inclusing 2 more profittable FSLR daytrades. I also cashed in on some of the VIX calls that I talked about yesterday.

JASO Dec 60 calls, QJPLL, at $13.5, +85% (all out)
VIX Dec 25 calls, VIXLE, at $3.4, +26% (partially out)
WFR Jan 70 calls, WFRAN, at $14, +50.5% (partially out)
VIX Dec 25 calls, VIXLE, at $3.8, +40.7% (partially out)
GOOG Dec 750 calls, GOQLJ, at $20.8, +13% (partially out)
CTRP Dec 57.5 calls, QCTLA, at $7.3, +23.7% (all out)
FSLR Dec 220 calls, HJQLD, at $31, +5.1%
(see Happy Trades!! for more details)

On the members board, we were focusing on the solars (the time stamps are in PST, west coast time):
RankXerox
Posted November 8, 2007 at 5:32 am | Permalink (Edit)
Good Morning Everyone..
Markett looks Cloudy
Solars look Shiny

Jaso +10.45%
SPWR +8.28&
LDK +5.73%
stp +8.02%
wfr (NOT SOLAR BUT RELATED) 3.22%
TSL + 5.69%
AND THE CHAMPION FSLR +30.40%

Suicide Calf Bob
Posted November 8, 2007 at 6:35 am | Permalink (Edit)
Out of the rest of my JASO nov for 223% =) Rising tide BAGGER!!!!

Pman
Posted November 8, 2007 at 6:44 am | Permalink (Edit)
Out of JASO, 300%. Gracias.

HappyTrading
Posted November 8, 2007 at 7:18 am | Permalink (Edit)
JASO
$70++ wow!

HappyTrading
Posted November 8, 2007 at 7:21 am | Permalink (Edit)
WFR
new ATH!!

Nyles
Posted November 8, 2007 at 7:29 am | Permalink (Edit)
Nice call on WFR happy….

PK
Posted November 8, 2007 at 7:31 am | Permalink (Edit)
Thanks HAPPY for JASO and WFR!!!

Suicide Calf Bob
Posted November 8, 2007 at 7:34 am | Permalink (Edit)
Out 1/2 of WFR at 13.30 +43% =) Quite the morning! HAPPY HAPPY HAPPY…
To the universe, Happy, all of you…grattitudes for ALL profits…Spiritual, Mental, Emotional & Material!

csharpy
Posted November 8, 2007 at 7:42 am | Permalink (Edit)
Thanks HAPPY for JASO. It’s my first HAPPY trade (+156%) since I signed up this week!

HappyTrading
Posted November 8, 2007 at 7:53 am | Permalink (Edit)
FSLR
going higher! I bought Dec 210s at $28; moved too fast, I’ll keep this one unpublished.

HappyTrading
Posted November 8, 2007 at 7:59 am | Permalink (Edit)
FSLR
just scalped $5.2 in 5 minutes!!

coolconman
Posted November 8, 2007 at 12:55 pm | Permalink (Edit)
I’m up about 15% today, but only because I had a 3 bagger on JASO this morning and then kept my trigger finger holstered most of the day.

Let’s see how the market looked at close:

INX2 (Internet) was very weak with GOOG and BIDU leading the drop. BTK (biotechs) jumped +11.88 points! OIH (oil services) managed to hang on to some small gain. GLD (gold) and GDX (gold miners) took a small breather. XLF (financials) came back to close green!! PBW (clean energy) added +2.23%!

SPX

SPX came all the way back today from nearly touching 1450 to close at 1474.77, down just 0.85. Its daily MAs are still curving down and the MACD is sliding. It’ll need to start establishing a bottom and at least get back above 1500 to stop the MAs and the MACD from further slipping.

Nasdaq

Nasdaq is finally venting. It’s like: “If you hold your breath for too long, your face turns red!” LOL!! It lost another 52.76 points to close at 2696. It also caught up with its daily lower BB. Not an encouraging sign. We’ll have to see how things go tomorrow and if it can bounce up from here.

This morning, RTP jumped of out the gate rising nearly $100!!! It received a takeover offer from BHP that could be worth over $100 billion! But, RTP rejected the offer, at least this early in the dance! RTP closed at $440.20, up $82.70, or +23.13% (Hmm, FSLR went up +34.29% without a buyout offer! I wonder what if… ;-)) RTP traded up another $5.8, or +1.32% in AH. BHP, on the other hand, went down $3.5, or 4.36%, during the day; but, traded up $2.65, or +3.45%, in AH. After the market, NVDA reported a 3Q profit that more than doubled from the year before. The news sent its shares jumping up almost +8%! PCLN also reported a 3Q with profits that more than doubled. Its shares were skying in AH trading, up more than +15%!!