Firebones - Latest Comments in StockTwits for Idiot Retail Investors: Week #0

Re: StockTwits for Idiot Retail Investors: Week #0

firebones — Tue, 06 Jan 2009 01:05:17 -0000

Thanks for the comment. This was one of the "clearing the deck" trades that I know I've screwed up, but at least wanted to document for future learning. As @howardlindzon says, we're all still learning how to use StockTwits, and I'm still learning in particular what level of attention is required to make use of it. No need to be dismayed; this one is all on me.

Re: StockTwits for Idiot Retail Investors: Week #0

Brian (alphatrends) — Tue, 06 Jan 2009 00:05:27 -0000

If you are going to follow, you should follow closely because you would have seen here http://twitpic.com/vlz7 that i exited the trade profitably. In the post for the thesis of short http://alphatrends.blogspot.co... i laid out the technicals were the main reason for entry and the madoff scandal could be the tipping point to get the stock to break lower I also pointed to a "worst case stop" near 25.75 which should have resulted in a loss of no more than 1.25 or about 5%. I am always dismayed when people follow my suggestions and lose money, even more so when they let the loser compound. I hope the trade works for you , but short term momentum is higher. I will revisit the idea when/if the stock weakens further.

Re: StockTwits for Idiot Retail Investors: Week #0

RemoraTrade — Mon, 05 Jan 2009 23:50:23 -0000

Saw this big Option Trade on COSTCO (COST) today (1/5/09) FOR 5,000 CONTRACTS @ 1.32 on the 52.50 call:

CALL COST PRQAX (52.50 CALL) 01/05/2009 13:54 1.32 5,000