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Old 06-06-2013, 05:07 AM
 
14,466 posts, read 20,644,378 times
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Quote:
Originally Posted by howard555 View Post
VRNG
May 7th - Bought to open 10 Jan. 2014 $3.00 calls for 75 cents.
May 7th - Sold to open 10 May $3.00 calls for 17 cents.
May 17th - Bought to close 10 May $3.00 calls for 1 cent in case of after hours news.
May 30th - Sold to open 10 June $4.00 calls for 17 cents on stock pop and increased volatility.
Previous entry point was $2.89 and sold at $3.10 after a lengthy stagnant period.
It exceeded $3.10 so re-entered May 5th at $2.98. Looking to exit at $3.12 or $3.17.
Calls held for longer term.
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Old 06-06-2013, 01:59 PM
 
14,466 posts, read 20,644,378 times
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Bought 1000 TIVO at $13.68 and sold the June 7th $13.50 call for $1.03.
Huge spike in the stock and option premiums of close to $1.00 per share and only 24 hours to go until expiration. Somebody knows something, or somebody thinks they know something. Either way my net cost was $12.65.
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Old 06-06-2013, 02:27 PM
 
5,133 posts, read 4,484,037 times
Reputation: 9971
Quote:
Originally Posted by howard555 View Post
Bought 1000 TIVO at $13.68 and sold the June 7th $13.50 call for $1.03.
Huge spike in the stock and option premiums of close to $1.00 per share and only 24 hours to go until expiration. Somebody knows something, or somebody thinks they know something. Either way my net cost was $12.65.

It spiked because they won an out-of-court settlement against Motorola for patent infringement.
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Old 06-06-2013, 02:35 PM
 
14,466 posts, read 20,644,378 times
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Quote:
Originally Posted by Sage 80 View Post
It spiked because they won an out-of-court settlement against Motorola for patent infringement.
The news I read was that they settled. They were to go to trial next week on June 10th with hopes of winning. Google may have prefered to pay now or pay more later. The terms of the settlement are not known. My hope is that the terms are not made public until after 5pm tomorrow.
There have been people who said a takeover of Tivo could not take place until all litigation is out of the way. They would still be valuable to someone, maybe even Apple as part of an iTV.
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Old 06-06-2013, 08:07 PM
 
16 posts, read 26,223 times
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Quote:
Originally Posted by samnyc View Post
Yes. You are correct long term is the way to go. I also have an office job, I have two monitors in my cube. On the side of the screen I have google stock ticker running. It keeps me update on my stock. I don't have super computer or any of the tools. When I see something I like, I jump on it. I did loose lot of money in the past but trying not to jump too much when the news hits.
First of all, if you are sitting at a cube, you don't have anyone come up to your desk from behind? Have they seen you trading at work? You are obviously not doing your job, unless you are a professional money manager trading for clients.

Second, I exaggerated a bit. Not necessarily a super computer. But we all know that Google Finance doesn't reflect real time price quotes. And you have to keep on clicking on the refresh button. Google Finance doesn't offer 1 min charts or anything. They are only available through 3rd party tools, and 3rd party tools are typically forbidden from being installed on work computers. So how do you manage all these issues?

Other than these technical challenges, trading can be quite emotional sometimes and that interferes work.
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Old 06-06-2013, 08:09 PM
 
16 posts, read 26,223 times
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Quote:
Originally Posted by Sage 80 View Post
You don't consider this work?! Trust me, it's a lot of work finding good set ups.
So are you telling me that you are a professional trader?

Either you work for a trading firm, or a money manager managing investment portfolios for clients.

Other than that, then no. It's not real work.
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Old 06-06-2013, 10:01 PM
 
5,133 posts, read 4,484,037 times
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Quote:
Originally Posted by handle54321 View Post
So are you telling me that you are a professional trader?

Either you work for a trading firm, or a money manager managing investment portfolios for clients.

Other than that, then no. It's not real work.
Yes, but I no longer work at an institution. Now I trade privately. And yes, it is real work, whether it's done at a bank, a hedge fund, or at home.
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Old 06-06-2013, 11:05 PM
 
131 posts, read 520,815 times
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Quote:
Originally Posted by Sage 80 View Post
Yes, but I no longer work at an institution. Now I trade privately. And yes, it is real work, whether it's done at a bank, a hedge fund, or at home.
Ok, that's fair, treating your home desk as if a prop desk at work

Otherwise, it's hard to imagine that you can trade or day trade while working at a normal job.
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Old 06-08-2013, 12:14 AM
 
Location: Philadelphia (Center City)
949 posts, read 788,182 times
Reputation: 1351
Holding 40K shares MNKD bought at 2.53 and 2500 warrants at .65
Holding 50K shares VELT at 3.14
Holding 10K shares TSRX at 5.56

Sold 300K in foreign mutual stock and commodities funds.
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Old 06-13-2013, 05:52 AM
 
1,883 posts, read 2,827,161 times
Reputation: 1305
funny when it's a down market, no one is trading
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