Seeking Alpha
  • Ocean Man
    Took a first leg into catching the KMB falling knife at 81.83. Down 6.5% in 2 days on no news. 3.6% yield.
    8/7/12
    Reply (11)
    • BTD70: Good Luck! Gotta little blood on my hands from trying the same in NES, but not too bad.
      8/7/12
    • neobliviscar: OM+SBUX? I picked up 2k KMB yesterday & another 6k at 81.85 & 81.86. Mind you I do covered calls 4 padding & 2 capture increased volatility.
      8/7/12
    • Clayton Rulli: Im suprised BMY didnt bounce back better
      8/7/12
    • neobliviscar: Give it time. Everyone is in Risk-On mode. JNJ, CL, CLX, MCD, BMY, KO, TAP, MDLZ, PFE, PM, etc... all DOWN on the day. Scary herd Bot trading
      8/7/12
    • Ocean Man: Yes, it looks like a hedgie exodus out of the popular defensive yield names.
      8/7/12
    • neobliviscar: Really is Risk-On / Risk-Off switch year. 2 Buttons. I keep trying 2 stay to the less crowded side, but my feet get trampled each switchover
      8/7/12
    • BTD70: I read about how HFT works yesterday. Seeing market with new eyes today.
      8/7/12
    • neobliviscar: It was a good idea when only a few. Now sort of an ugly thermonuclear Arms Race.
      8/7/12
    • BTD70: Would you like to play a game? How about Global-thermonuclear war? Love that movie!
      8/7/12
    • Ocean Man: Bounced back a buck, hope that was the bottom.
      8/7/12
    • neobliviscar: You & me both. I will probably Sell 80 Aug calls on them if near $83 tomorrow and walk away with the $8k net, unless it plunges by next Fri.
      8/7/12