Seeking Alpha
  • Boatyzaffa
    sell to open 500 shares of GM @ 25.30
    10/31/12
    Reply (20)
    • Boatyzaffa: stop @ 26.10. Risking $400
      10/31/12
    • Dr. Kris: Any reason for the short? The chart is looking fairly bullish, at least to me.
      10/31/12
    • Boatyzaffa: Yeah, just trying to see it from a different angle. After earnings what is the catalyst? Definitely been wrong so far, but going to holdon
      10/31/12
    • Dr. Kris: Increasing sales? You might want to check out this article: http://bit.ly/QUZUVx
      10/31/12
    • Dr. Kris: I'm thinking of taking a long position in Ford (F). It blew out earnings estimates on ginormous N. American sales.
      10/31/12
    • Boatyzaffa: Thanks for the link Dr. Kris! Fundamentals look good. My trade is definitely a lone wolf perspective. Market still seems uncertain with...
      10/31/12
    • Boatyzaffa: presidential election around the corner. Add to that the big pendulum swing in GM, makes me feel like there is more downside then upside...
      10/31/12
    • Boatyzaffa: in the near future. Thanks again for the link and for allowing me to explain my current losing trade :)
      10/31/12
    • Dr. Kris: I hope it turns into a winner! I won't be taking a position until after the election, FYI.
      10/31/12
    • Boatyzaffa: Hey girl you're the best! I hope I haven't offended you with all my drama today ;)
      10/31/12
    • Dr. Kris: I'm not the one who was offended by anything (other than some childish behavior on the part of a few who shall remain nameless)...
      10/31/12
    • Dr. Kris: ...I thought your apology to OM was sincere & I hope he accepts it. It would be a gracious gesture on his part...
      10/31/12
    • Dr. Kris: Criticism is actually a back-handed compliment--it shows that people are listening to you.
      10/31/12
    • Boatyzaffa: reducing my risk here on GM. Buying 5 Weekly 25.50 calls @ 0.17
      11/1/12
    • Boatyzaffa: By adding the calls, max risk is now $185; break-even is 25.13.
      11/1/12
    • Dr. Kris: Nice work reducing your risk, altho it is only for a week. What with the election uncertainty, anything can happen between now & next Friday
      11/1/12
    • Boatyzaffa: True, I hate buying too much insurance. Today's price action will determine if I look for more insurance next week or this month.
      11/2/12
    • Boatyzaffa: Loss on stock currently stands at -$245, the insurance (option position) was a wash. Going to let this trade continue with my original stop
      11/5/12
    • Boatyzaffa: moving stop on GM trade to 25.79
      11/6/12
    • Boatyzaffa: Stopped out with a loss of $245
      11/6/12