Followed Senior Tropicana’s lead and picked up some Apr NSM 12.50 calls for a quarter. Let the good times roll.

Still holding RT and DRL short, was unable and unwilling to short MGM after news out today.  Could not get a locate, but was a good thing as the market responded well to its news.  I still feel it will be a good short at some point, and may use options to play it. 
Because I [...]

I look for today to be a busy day, and after Goldmans shennanigans, I expect the market to finally sell off.  I have prepared a list of names that I will be working my way into today after the opening sequence.  My ideal set up would be for us to go positive right after the bell, [...]

I coverd all of my SRS for an average of .60 while scalping some larger size premarket as well.  I don’t believe I will be initiating any new positions today.  I am very scared of the moves the market is making.  I want to be very short, however, GS will no doubt goose the market tomorrow.  [...]

For today’s post I would like to direct your attention to the overachievers at Ruby Tuesday. (RT)  This is a great short opportunity, as this is one of the crap stocks fly talks about that are ripping up, all the while selling $12 Turkey Minis and Buffalo Bacon Cheeseburgers.  People who purchase said “buhgas” are sure [...]

I would like to talk today about the nature of leveraged etfs.  Based on posts I have read on this site and others, I feel that there is some confusion regarding these tools of Satan. The most important characteristic of leveraged etfs to consider is that there performance is recalculated on a daily basis.  So [...]