Glad I missed the end
Today wasn’t too good for the bears. I don’t know about how the bulls did, probably fantabulous. There were a few good snippets of news and it today’s market, anything not screaming utter failure makes for the a bounce and upward arc. I’m sure that Chitty reporting on Friday will cause an upswing too, just because they didn’t refuse to report earnings.
My paper positions took a big hit, which is expected since I was holding puts and the market went upward. That’s the thing about holding options overnight, it’s more of a luck and timing than a quick trade, at least it is for me for now. If I had $30k in my account I would be fine, I would buy puts during the daily high’s and and sell near the daily low’s. And yes, it is that easy. For anyone that read my blogging before coming to Retard Trader, you know that I would gamble daily and gamble with larger quantities of money. My blogging was just for friends and haters. Now I feel as though I should be more entertaining to a larger group of readers.
Anyone seeing BIDU? Looks like they are set to announce they solved cancer, the stock is up over 10% and another couple percent after hours. Amazing.
GOOG isn’t going to be reporting anything good tomorrow.. they’ve been paying really low click pricing recently on the Retard sites, I think they want to shore up another couple bucks before earnings release tomorrow. It is tomorrow, right?
End of day positions:
End of day balance:
2 Responses to “Glad I missed the end”
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BIDU will announce after the market close on April 24.
BIDU has a P/E of 122.87 and a Forward P/E of 57.50, these numbers are a little pie-in-the-sky. China is great and all (I own three calls in FXI) but I find it hard to believe that BIDU should have a P/E 4 times greater than GOOG. I’m going to buy a put in GOOG tomorrow if I have enough money left at the end of the day. I’ll put whatever profit I get from the GOOG put and buy BIDU puts.