Jiesen tries to take over the world

[Jaws57]

As Web's World Turns

Go for it Webs, you got my vote!!!

Jaws57

[jiesen]

Bot XING (~1%) at 8.18 this morning. Looking for a quick trade- 0.50 cents up today and I'm out.

[Websman]

What are we going to do tomorrow Jiesen??? NARFFFFF!!!!!!!!

[jiesen]

Same thing we do every day Webs, try to take over the world!

(Actually, though, I am probably going to stock up on another HUGE $$MM pick tomorrow!)

[Websman]

Same thing we do every day Webs, try to take over the world!

(Actually, though, I am probably going to stock up on another HUGE $$MM pick tomorrow!)

You will surely profit with a Mr Market pick! A few more million $$$ in profits and we WILL take over the world!!!

[jiesen]

sold ~1% XING at 8.5

I dumped my short term XING shares for a $0.3 profit- not what I had hoped for, but then again, not a loss either. I was holding it longer than I wanted to, and I saw a pop today and decided to take it off the table rather than watch it drift back to 8.2 again... I might revisit that trade again if/when that happens, but for now, I'm looking around for other stocks I'm not already so heavy into.

[jiesen]

Just bought ACRG for 2.90 (a <1% position) If it pops, I'll roll the proceeds into CME, if not, I'll hang on for awhile... I'm planning to get 20-30% out of this.

[jiesen]

Xing

I added to my XING position today (about 1% of port) at 7.7. I'm planning to get about 15% from here within a week or so, but will cut a loss at around 5% on these shares. I believe a base has to form here around 7.6 or 7.5 at the lowest, and any slight pop will bring it back up to 8.5.

[mrmarket]

Just bought ACRG for 2.90 (a <1% position) If it pops, I'll roll the proceeds into CME, if not, I'll hang on for awhile... I'm planning to get 20-30% out of this.

ACRG has a mind of its own, and it keeps going UP UP UP!!

[jiesen]

yep, I'm at 15% already on this, but I don't think I'll sell yet, as it's on quite a tear.... At some point I will though, and put it back into either CME or CMN. (probably CME)

[jiesen]

can't wait for ACRG to hit, so in the meantime, I threw the dice and picked up an option for MAR230 CME for $1 ($100 for the contract). It's like the market's giving 30:1 odds against $$MM hitting his target in 2 months. I'll take those odds! 184 is just too low of a price for me to not jump at the chance.

[mrmarket]

can't wait for ACRG to hit, so in the meantime, I threw the dice and picked up an option for MAR230 CME for $1 ($100 for the contract). It's like the market's giving 30:1 odds against $$MM hitting his target in 2 months. I'll take those odds! 184 is just too low of a price for me to not jump at the chance.

Even if it doesn't get to 230, the option itself will increase in value if this thing ever gets turned around.

[jiesen]

no doubt. and if it's up just $10 from $230 by expiration, I'll be up 1000%. not a bad consolation prize...

by the way, my 3.74 limit for ACRG was just hit. I sold about 70% and let my 30% profit ride for a double, or triple. I was going to put the proceeds into CME but now that I have the option contract already, I'll take some more time to think about it... maybe it's going into the next $$MM pick, or maybe I'll short GMSV (just kidding about that)

[New-born baby]

You've got GUTS!

can't wait for ACRG to hit, so in the meantime, I threw the dice and picked up an option for MAR230 CME for $1 ($100 for the contract). It's like the market's giving 30:1 odds against $$MM hitting his target in 2 months. I'll take those odds! 184 is just too low of a price for me to not jump at the chance.

Jiesen,

You've got guts! I looked into CME and noticed its $190 per share with a little $ .26 dividend every quarter, and my stomach won't take it. That's better than GOOG, but, after all, its just a sheet of paper. But I have to admit it makes a nice $2-4 move everyday, and if I knew where this beast was headed, it would make a good daytrade.

[jiesen]

Thanks NBB, though I'll have to disagree with you on the guts claim. I think CME at 184 was an obvious bargain, and if I really had the guts, I'd have just bought the stock when I knew it was cheap, instead of just buying a $100 option contract... having guts would have also got me into NGPS at 21.4 this morning. I'd probably have done a lot of stupid things, too, which could have wiped me out long ago. I'd like to say instead that I have patience. The direction of CME from now to March is obvious to me. Of course, what price we see tomorrow is anybody's guess. If I knew what someone would pay me tomorrow for ANY stock, it'd make a great trade, but unfortunately my crystal ball stopped working a loooong time ago.

by the way, CME stock is not just a piece of paper (technically, my piece is just a few bits on my broker's server), but a piece of a great business, with some very solid fundamentals... I suggest looking into it.