Weinstein Trading and Fading

Bluehost.com was one of the most difficult companies in getting a refund from.

Bluehost.com advertises on the home page that they offer hosting for $6.95 per month which I used or at least tried to use for my blog. What a totally painful experience. They say they offer an “Anytime Money Back Guarantee” and a low monthly cost but what you find is that they charge a minimum of one year in advance. While that would be fine if you can easily quit and get a refund what I found is that it took several emails and a demand that I provide them with information over and over and felt that the process was about stopping a customer from exercising a refund rather than any other purpose.

When I started with bluehost and added the phpBB and phpfreechat only to find that having 20 people in the chat would crash the system and bluehost would cut off service due to the “huge load” put upon it. I ended up paying for another chat system that was then hosted somewhere else. So much for trying to save any money.

It took me a while as it was not a huge priority but I ended up moving to another host a couple of months ago and found that the costs are now lower and the service is better. Glad I moved as I can now do what I am paying to do.

My request to cancel was made in October and by the time I was finally able to get them to refund my money in November they would only agree to refund based on the final date even though I had repeatedly advised them I wanted to quit and was no longer using their service.

Do yourself a favor if your looking for a hosting company and take a pass on bluehost as the extra frustration is not going to be worth the little bit you may think your saving.

Recording my trades here has been great and I highly recommend it for anyone. I think its important to look back and see what you were doing and why you did it and then compare that to what your doing now. I have really seen the progress in my trading when I take the time to go over the history.

Anyway, I am glad I am no longer with them

 

Well today was a pleasant change of pace. Very busy for most of the day.

Today was the big GM IPO and all eyes looked upon it to see where it would trade. It opened well and traded nowhere for the rest of the day except with a falling bias. It didn’t close at the very low of the day but it came pretty close. It is not a big surprise why some funds backed out of it when the price was raised at the end. Those that where allocated shares which did not include white male veterans without connections made some nice coin regardless of when they sold but for those wanting to buy today and make a buck it was much more difficult. I did trade GM as well as F and did alright with both. GM was strictly long as I could not get shares to short (IPOs can’t be shorted by the average person the day of the IPO) so I kept the targets very tight. F on the other hand was shorted on all the trades and while many may have pair traded the two I traded them separately.
NOV gave a intraday dual 10M bar overbought signal and I shorted it. I covered some at an even round number but waited to get full target for the rest. NOV then moved up beyond that and I faded and covered it through much of the day until it finally fell off the cliff. When NOV did fall it fell hard and fast and just short of getting a B9 short signal.
I went long ASTM after it was halted and almost closed out the trade at a loss when I found out that TS charts where stuck and I was looking at a chart that was not updating. I moved the stock to another chart and it updated so I stayed with it but closed out near breakeven as I had already started covering at a loss due to the charts. Sometimes its just better to clear out a trade so you can get your head back in focus then to try to make money on a trade that is having problems.
CRM was an after hours trade that I made from a call out from chat. Another good example of how being in a chat room can really pay off.
DLM was near the end of the day when it gave off a B9 short signal and went way beyond the 10M entry price. I shorted it pretty hard and while I didnt get full target due to the closing bell coming up quickly I did so well that it turned into the best trade of the day. I believe it was moving higher due to a buyout rumor. I sure do love the rumors at the end of the day. They can really move a stock.
LPLA was a goldman sachs IPO that I traded / scalped when it moved down below the opening price. You can coulnt on GS to make a stock move back and forth on an IPO and generally move higher than the open.
NTAP was the stock that I was stuck long in during the halt yesterday and it gave me a short signal today. Traded small but another one in the win category.
ASTM + 13
CRM + 196
CVC + 35
DLM + 637
F + 131
GM + 137
LPLA + 110
NOV + 322
NTAP + 68

Tomorrow is option experation day and I have quite a few COCO options that will die out tomorrow. Some in the money but still green 5Puts included. I plan on writing some 5 Dec and/or Jan Calls into the close to hedge the stock I will have put to me. I really like this one and don’t mind having a few more hedged shares.

+ 1653

 

Try cloud computing/cloud servers, you can startup and cancel them @ anytime (they are billed to the nearest second), www.atlantic.net/cloud has a free trial (for basic blog hosting you can probably run on their small one for about $10 a/mo). Amazing, you can get a server for the price of a shared web host account. Thats technology I guess!

 

Another busy day and an end to a very good week.

No wammies this week as I closed out without a losing day and maybe (didn’t actually check) without even a losing trade. I did come close with LORL today though. It was one of those trades that had I waited for the setup I would have killed it but I tried to scalp it for the large spread and found myself almost spread doing it.
DLM turned into an ATM machine one again today after gapping higher today when it closed yesterday with a B9 signal. CPWM was a late signal trade that I stayed small with. CRM was a strong stock all day and with the gap up it gave me a short signal and I closed out a little better than normal but it is a big stock and I may have been able to make a little more I was happy to get what I did. EXXI played a lot of games with me and it just missed the B9 signal but gave me a double intraday 10m overbought but didnt pay off as much as I hoped for.
HIBB gave me a signal and I even sold the very top but I shorted 100 shares so I didn’t net a big gain but I did make a big per share gain.HNT was a long and I closed a bit early due to the amount of time left before the closing bell.

I have a bunch of COCO and some C options expiring this weekend. Some will be calling away some stock (mostly C which I will wait for a retrace below 4 to load up with again) but I will net gain COCO stock in my trading account and will be offering either the 5 or 6 Dec or Jan calls against. I am currently leaning towards the Jan 6 as I really like this stock.

I have been without stockfinder for a few weeks now and it appears I will have to get it again. Too many stocks appear to be missed that I think stockfinder would have caught and I wonder about how many stocks I would have traded that I simply don’t know about.

CPWM + 10
CRM + 286
DLM + 474
EXXI + 76
HIBB + 52
HNT + 49
LNG VIA OPTIONS + 17 (I am still short this and will have stock put to me resulting in being net short. It will be interesting to see what happens with this as IB does not have stock to loan me. I did cover 200 of 600 shares in afterhours but the other 400 in bids did not get hit. I will be trying to cover in premarket on Monday as I do NOT want to face how IB will take care of this as I expect they will not care in the least about my PnL)
LORL + 221 (as someone in the chat asked “do you have a horseshoe up your butt….I think I might after watching this trade)

COCO Nov 5 C + 24
COCO Nov 5 P + 78
I have a bunch expiring in the IRA accounts but do not count them here.

+ 1323

 

Great day but most of it happened right at the open

EXXI gave a gap up after B9 short signal and quite a ways beyond the entry in pre-market trading so I started to short it and scalped a little bit and built up the short. The price fell off the cliff as soon as it opened and 92 seconds later I was out of the trade all the way. That was the fastest I have made gains at that rate in a while. I didn’t get another one as good but I did get a few more trades today that were worth while.
TIN gave an intraday dual 10m bar overbought signal and I shorted it and made the target.
RVBD gave a B9 and did ok with it. I didn’t trade very shares with it and actually I didn’t trade very many shares at all today.
My weekend take home (via shorting calls) turned out ok but for all the wrong reasons. once again I ran out of shares (although I was able to short some shares) but I was able to short some DEC calls and did well with them.
MEE was actually a long as I heard the news before fly on the wall called it out so I thought I could grab a small amount and that worked out well. Someday I probably should get a bloomberg terminal and really have an advantage.
ROSE is an overnight short based on shorting above into the B9 signal.
EXXI + 1042

HPQ in after hours + 104

LNG + 9

LNG DEC 7.5 C + 117

MEE + 82

RVBD + 93

TIN + 54

+ 1505

 

great run.. whats the YTD p&l for the yr so far?

 

Went through another trading halt today. That makes it two in one month.

Kids went to grandma and grandpas for the night so it is date night for me and my wife. As such I will make this kinda quick.
I am currently short GES which I expect to take a hit on tomorrow unless I really do have a horseshoe up my butt. I guess there is a chance it turns out ok but I can’t say I am very hopeful. I am also heavy short CRM which on the other side of optimism I am very hopeful will turn into a winner. I actually bought the puts instead of writting options on this trade. I have 12 contracts of the DEC 140P that I paid 5.50 for. Looking to make a buck a contract as the target but will be very happy with anything above 50 cents.
CMC + 45
GES – 16
JCG + 424
NUAN DEC 19C + 117
NUAN DEC 20 C + 132
ROSE was my overnight from yesterday. Covered shortly after the open + 229
SIG + 20
SODA + 164

+ 1119

 

Thanks for letting me know.

I have an account at gogrid and it took a little time for this old dog to figure it out but it works well.

 

Mr. W, aren't you getting a bit old for this kind of thing?

 

Well I am positive but not having that great of a year.(percentage wise it looks good as I am beating the market).

I started out the year pretty rough and turned it around in late Feb but hit some pot holes on the way.

I am not sure what the actual number is and I been trying to focus on trading as well as I can so I haven't been looking at the PnL for about a month when I when back in the green for the year. I will look at the end of the year and figure it out.

If I end the year strong it will probably be an ok year. I am already looking forward to next year as my trading has improved in terms of risk control greatly this year.

Best to you

Robert