Ok so I was honest and shared that I got ripped in DNDN when it dropped 16 points in 40 seconds. \u00a0 And I was one the chumps who got their RMBS shorts busted after a huge chop. \u00a0But today the trading Gods smiled on me.<\/p>\n
There was breaking news in MIL (Millipore Corp). \u00a0TMO (Thermo Fisher Scientific) it was reported made a 6 Billion dollar offer (“6 million dollars”). \u00a0MIL skyrocketed from 71ish to over 100. \u00a0I missed the move scrambling to find out why the sudden spike and partly just being a wuss. \u00a0I couldn’t do the math quickly enough in my head figuring what 6 Billion would translate for the stock price, Spencer was on a flight to Singer Island who could have calculated this in a\u00a0millisecond (he went to Wharton afterall \ud83d\ude42 ), but I did sense that everything above 90 was dangerous. \u00a0I chose to sit on my hands and wait for a safer trade.<\/p>\n
MIL started to trend and trend down. \u00a0At 90 there was a nice battle with the sellers victorious. \u00a0I started a small short position. \u00a0MIL traded down about $1.25, I covered and then waited for my next trade. \u00a0MIL didn’t really trade higher and I found a new place to short. \u00a0And then something really strange happened. \u00a0The bids dropped out in a free fall (I later learned a MIL spokeperson said the bid was just a rumor).<\/p>\n
I thought- maybe there is no deal. \u00a0And then I sensed-lock it in Bella. \u00a0I placed a bid and got hit at 78.82. \u00a0A cool ten points lower on 300 shares. \u00a0Almost immediately the bid was 85. \u00a0So that went well!<\/p>\n
I waited for hours to receive a phone call telling me my trade was busted. \u00a0Dovey was razzing me to expect a call any minute. \u00a0I ate a few of Rosie’s delicious oatmeal, chocolate chip cookies and managed my other positions in AIG, SLB, BRK.B. \u00a0My phone never rang.<\/p>\n
While this trade was awfully lucky, I was short for a good reason. \u00a0I am very fast. \u00a0That is why there are speed drills in the training program Noobs. \u00a0 I did sense the downmove slowing so this execution is partly because of my Reading the Tape skills. \u00a0And didn’t I have this trade coming to me after the nonsense in DNDN and RMBS?<\/p>\n
On a side note I am about to make a rather large purchase in the near future. \u00a0And I learned right after the trade that this large purchase is going to run me an extra 3k. \u00a0Typical! \u00a0It is like that Seinfeld episode where Jerry throws $20 bucks out the window and then finds $20 in his jacket. \u00a0Maybe I should refer to myself as even Bella?<\/p>\n
Anyway that is how you make 3k in 30 seconds. \u00a0Maybe I should put together an infomercial and hit the road? \u00a0And by the way if you are new to this blog and think you can really make 3k in 30 seconds without once in a few years luck, please do not return to read this blog going forward.<\/p>\n
Best of luck with your trading!<\/p>\n","protected":false},"excerpt":{"rendered":"