SIRI Monthly Thread August 2015

[dm_4]

DM, I posted an update on Sunday night, great job parsing out statements. I said the Bounce may not materialize. Meaning at all or as expected. Which is why I said look to Asia Sunday night in my initial post. No RRR cut caused panic selling. We ended up getting the full 10%+ correction and then bounced. Did you stay nimble and take advantage of it?

As for SIRI, we all know that was a BS open. I'll wait for the closing numbers on the day the gap closes before I decide to keep or sell my longs.

Relax bud....just having a little fun

I do agree with your take on no interest rate hike tho.

[dm_4]

In the back of my mind, I am kind of hoping that global investors will turn to the US equity markets looking for returns in dividend stocks and other beaten down equities. Wishful thinking though...

The lesson here is being ready for quick sell offs like we experienced today. Imagine getting Apple around 92, SIRI 3.30-3.40, T 30.97, etc... The list goes on. Keep some cash ready in case it happens again. However, something tells me the retail investor was unable to execute any orders because of application failure.

With your T stock going from 37 to 32 in last few months....i bet you are

[denco1]

In the back of my mind, I am kind of hoping that global investors will turn to the US equity markets looking for returns in dividend stocks and other beaten down equities. Wishful thinking though...

The lesson here is being ready for quick sell offs like we experienced today. Imagine getting Apple around 92, SIRI 3.30-3.40, T 30.97, etc... The list goes on. Keep some cash ready in case it happens again. However, something tells me the retail investor was unable to execute any orders because of application failure.

Etrade worked fine. I got a buy of 3.38 at the open and had the op to get 3.33 as well but did not pull the trigger. Sold some 3.65s at 3.70 as well.

[midas360]

Nice job Denco1... You did good man! I bot and sold Apple. I may try again if we go thru this again.

Etrade worked fine. I got a buy of 3.38 at the open and had the op to get 3.33 as well but did not pull the trigger. Sold some 3.65s at 3.70 as well.

[denco1]

Thanks Midas,

Funny, I actually tried to cancel my 3.38 right before it executed but they took the buy and the cancel did not go through. That kept me from buying the 3.33s as I was a bit scared of going in too deep into more margin....should have

[midas360]

It takes a lot of guts to buy when the Dow is down over 1000 pts but it paid off. Make note of the stocks that rebounded nicely off their lows. I will post what I saw/see.

Thanks Midas,

Funny, I actually tried to cancel my 3.38 right before it executed but they took the buy and the cancel did not go through. That kept me from buying the 3.33s as I was a bit scared of going in too deep into more margin....should have

[user34615145]

You all can blame me for today. Bot back the Sept VIX 15 calls last week at a nice little profit (but way, way, way too soon as it turns out) and then sold the VIX Sept 15 puts - but way, way, way too soon....sigh......story of my life - I'm always way too soon... and if you don't believe me, just ask my wife.

[user34615145]

One of the dumbest comments I have ever read on any message board. Fed raises rates on economic conditions, threats of inflation, employment numbers etc. Not on whether they need to reposition themselves for future recessions or to force consumers to save.

I really cannot believe I just read that. Unbelievable. YOU want a rate hike because of those reasons. I have never ever seen either of those reasons ever enter a rate decision by the Fed. I'm outta here!

You're kidding right?

[dm_4]

You're kidding right?

why would he be kidding? Was a stupid comment.

[midas360]

He's not going anywhere. He's just mad that he's losing his arse. He will come around when the market picks back up.

You're kidding right?