Disqus - Latest Comments for JD_Plainview

Re: Goldman Sachs Principal Transactions Update: Collapse In Program Trading Volume

JD_Plainview — Fri, 29 May 2009 20:24:17 -0000

;) Thanks man, my pride & joy LOL!

Re: Goldman Sachs Principal Transactions Update: Collapse In Program Trading Volume

JD_Plainview — Fri, 29 May 2009 17:03:38 -0000

Heard that the S&P futures pit saw massive buying from JPM in the last minutes, cleared the board from 916 to 924 apparently... take from that what you will.

Re: Ahrrrrnold Is Running For The Choppa

JD_Plainview — Thu, 21 May 2009 21:55:20 -0000

If one *were* to load up on said CDS though --- aren't you exposed to Mad Barney sneaking up behind you and ripping your pants down, metaphorically speaking of course?
What would a muni guarantee do to these spreads?

Re: FOIA Disclosure Busts Paulson, Geithner And Bair

JD_Plainview — Wed, 13 May 2009 20:50:59 -0000

good spot, great point :)

Re: Zero Hedge Exclusive: One Whistleblower Versus Goliath

JD_Plainview — Mon, 11 May 2009 11:40:15 -0000

Awesome stuff Tyler.

Re: GM Is In "Defacto Default"

JD_Plainview — Mon, 27 Apr 2009 11:54:54 -0000

Bondholders offered worse deal (again) than UAW *despite* sitting ahead of them.....
yep, that'll fly :}

Re: http://slopeofhope.com/2009/03/30/dbc_looks_like_a_safe_buy_here.htm

JD_Plainview — Mon, 30 Mar 2009 15:44:04 -0000

Probably AIfrickinG - they seem to be the prime CDS asshats.

Re: http://slopeofhope.com/2009/03/30/eurusd_near_important_support.htm

JD_Plainview — Mon, 30 Mar 2009 11:44:34 -0000

Simon Property Group Defaults On Mall Loan

http://zerohedge.blogspot.c...

Re: The D-Process

JD_Plainview — Fri, 27 Mar 2009 20:14:35 -0000

YHM

Re: The D-Process

JD_Plainview — Fri, 27 Mar 2009 14:03:51 -0000

Bernd, what's your email mate?

Re: The D-Process

JD_Plainview — Fri, 27 Mar 2009 10:28:44 -0000

If anyone finds it - I'd also appreciate a signpost - thanks!
Was just about to print it and two minutes later - gone!

Re: http://slopeofhope.com/2009/03/25/taking_profits_on_some_longs.htm

JD_Plainview — Wed, 25 Mar 2009 13:46:50 -0000

MA chart - nice short? Looks riped for a pullback to the 150 or 140 mark?

http://finviz.com/quote.ash...

Re: http://slopeofhope.com/2009/03/25/hey_mo.htm

JD_Plainview — Wed, 25 Mar 2009 13:45:27 -0000

MA chart - nice short?

Re: http://slopeofhope.com/2009/03/23/wednesday_revisited.htm

JD_Plainview — Mon, 23 Mar 2009 11:51:08 -0000

Any opinions on AMZN - is it not, on a fundamental basis at least, turning into a *screaming* short?
cheers all.

Re: http://slopeofhope.com/2009/03/20/changes_to_disqus_comments_system_live_now.htm

JD_Plainview — Fri, 20 Mar 2009 10:08:08 -0000

NIce article on Bloomie slamming the Mark To Market changes, saying AVOID "Net Income" from now on and look below it to "comprehensive income".
Looks like some in the mainstream media are getting sick of the parlour games too:
http://www.bloomberg.com/ap...

Re: http://slopeofhope.com/2009/03/19/much_better_day_so_far.htm

JD_Plainview — Thu, 19 Mar 2009 12:44:06 -0000

Anybody into Corporate Debt?
Specifically looking at Seagate's 2011 bonds. They're selling at 70c on the buck, giving a tasty yield to maturity of 22%. The question is whether they make it that far... I'm trying to figure out if somebody will come in and buy 'em rather than let them go b/k -- they seem to dominate the enterprise server HDD space.

Re: http://slopeofhope.com/2009/03/18/gld_channel_broken.htm

JD_Plainview — Wed, 18 Mar 2009 13:07:39 -0000

Stay calm boys, this is *exactly* what we (bears) need, no fundamental improvement whatsoever and a really tasty rally to short to hell all over again.
Personally, I'm with ZeroHedge on this and forced covering on the financials is dragging in the "bottom believers", a bit of patience and we'll have our chance to utterly hammer them... perhaps resulting in the deep plunge many have been expecting.

Re: http://slopeofhope.com/2009/03/13/spotlight_session.htm

JD_Plainview — Fri, 13 Mar 2009 16:52:22 -0000

OK, I guess the first stipulation is that you really *should* want to own the stock, but maybe you're not 1000% about getting in at today's ask and want a little cushioning.

The price downside still remains, like you say if we go through another week of FAZ pain then you would still feel some, but not as much. If you didn't touch the position, and FAZ closed below $35 on Friday, then you would be holding 1,000 shares at a $32 average. However, you could adjust on the way down - so, for example, if the price of FAZ fell to the high $20's next week then I would buy back the $35 calls(I sold for $7.70 today) at maybe a cost of $2.50 and sell another round of calls at the next step down - the $30's or maybe $25's.
These adjustments can be made on the upside also; if there are a couple of good positive days next mon/tues then the Puts I sold I will buy back at maybe 50c - which would remove the chance of me having a second round of stock *put* to me should FAZ collapse into expiration.
You are not stuck in the position until Friday though, if you want to get out you can, and it will almost definitely be will a lower loss than if you were straight long the stock.
The *other* major downside, which should not be ignored, is that you *are* limiting your profit potential. IMO there is every chance that FAZ smashes $50 next week and that will be of zero gain to me - the payoff for me is the same at anything above $35. I must be content to be called away with a 20% return (from my $29 entry). That return suits my trading technique fine - but will not suit everybody.

Re: http://slopeofhope.com/2009/03/13/spotlight_session.htm

JD_Plainview — Fri, 13 Mar 2009 16:11:59 -0000

Right my comment above got held up in the Intermarsh somewhere so it wasn't much use by the time it popped up. Apologies.
Still, a strategy worth considering for those with smaller risk appetites and especially useful with the mega-volatile.

Re: http://slopeofhope.com/2009/03/13/spotlight_session.htm

JD_Plainview — Fri, 13 Mar 2009 16:10:22 -0000

Most interesting there maybe that only 21% got all three correct - you would expect more correlation, possibly indicates there was a fair chunk of guessing!

Re: http://slopeofhope.com/2009/03/13/spotlight_session.htm

JD_Plainview — Fri, 13 Mar 2009 16:07:43 -0000

For the more risk averse:
I just entered a long FAZ position at $40 but sold the March $35 Puts and Calls.

I entered the stock with a *half* a position, so 500 stock say where my full allocation would be 1,000, and immediately sell 5 $35 Calls and 5 $35 Puts.
My basis on the trade is now down to $29 (from the option sales) So:
>> If FAZ closes *above* $35 next Friday I get called away for a 20% return.
>> If FAZ closes *below* $35 next Friday then I'll get a second round of stock (another 500) Put to me at $35 a share. Which would have me in my full (1,000) share position at an average of ($29 + $35) / 2 = $32 .... which is a healthy discount from buying 1,000 shares today.

Re: http://slopeofhope.com/2009/03/13/buying_faz_ultrabear_financials.htm

JD_Plainview — Fri, 13 Mar 2009 13:52:29 -0000

LOL :D

Re: http://slopeofhope.com/2009/03/09/buyin.htm

JD_Plainview — Mon, 09 Mar 2009 11:40:58 -0000

hmmm, never watch that clown anymore, but that's definitely a negative :(

Re: http://slopeofhope.com/2009/03/09/buyin.htm

JD_Plainview — Mon, 09 Mar 2009 11:24:03 -0000

Also, anybody who likes VLO long-term, I was checking out some of their debt last week - the 6 5/8 2037 was trading at about a 9% yield. But looks like it's fallen this morning.

Re: http://slopeofhope.com/2009/03/09/buyin.htm

JD_Plainview — Mon, 09 Mar 2009 11:19:22 -0000

Any of you boys like KO?
My first long position in almost 12 months, well - I say "long" - I sold some puts last Thursday. But, med-term, looks a good'ish company to hang on to.