Monday, July 14, 2008
Took a speculative play in aapl a couple days ago - july 180 call. Looked pretty good w/ the app store and iphone 3g coming out. It popped and flopped, but i didn't get in on the carnage. I'm sitting on my call still watching the stock bounce around the upper resistance point. we'll watch for the reversal periods - 10 AM brought a wiked rally, we'll see what happens at 11.
Wednesday, July 9, 2008
Vix analysis
If the VIX can close above our magic trendline - keep your shorts on. Otherwise it looks like we might be headed higher!
Saturday, July 5, 2008
Wednesday, July 2, 2008
Coal Fallout
Valuable commentary on the coal fallout today.
Can ACI close above the support?
The real painful one to watch has been ANR:
Tremendous fun when it ripped like a demon to 108. Tremendous pain when it plummeted to 89.
Taking your advice I went into quick profit taking - on the CHK pop, i exited this morning and watched as other people's profits ( OPP ya u kno me!) melted away:
modified positions 7 - 2
Pretty exciting morning:
had to adjsut ANR into a call spread b/c it was dropping ( IS dropping ) like a rock. guaranteed to not loose more than 50 bucks, but man from +1000 on this trade to only + 185 is tough. Talk about getting burned by being greedy :(
I also adjusted VMW with another spread - the "iron jeremy" upped my profit potential, and lowered my risk. i also made it a window for the profits though, but alas this is the nature of the iron jeremy.
Sold COL on 2.50 gain today. it broke it's trendline and wasn't moving in the direction it was supposed to yesterday, so it's behavior will be / is erratic. taking profits as they come right?
Sold CHK on the rip up, I might get back in but i wanted to avoid another ANR - watch as it tanks affair :(
had to adjsut ANR into a call spread b/c it was dropping ( IS dropping ) like a rock. guaranteed to not loose more than 50 bucks, but man from +1000 on this trade to only + 185 is tough. Talk about getting burned by being greedy :(
I also adjusted VMW with another spread - the "iron jeremy" upped my profit potential, and lowered my risk. i also made it a window for the profits though, but alas this is the nature of the iron jeremy.
Sold COL on 2.50 gain today. it broke it's trendline and wasn't moving in the direction it was supposed to yesterday, so it's behavior will be / is erratic. taking profits as they come right?
Sold CHK on the rip up, I might get back in but i wanted to avoid another ANR - watch as it tanks affair :(
Positions 7 - 2 morning
Bullish:
CHK - target: 76. stopout: 62.50
ANR - target: 125. Stopout: 87. Buy the dips!
ZEUS - target 88. stopout 68.
Bearish:
COL - target 45. stop after break of trendline (happened 7-2)
SINA - target 40. stop above 45.50
VMW - target 54. sitting @ target now - burn theta burn.
WFR - target 55. stopout @ 67
CHK - target: 76. stopout: 62.50
ANR - target: 125. Stopout: 87. Buy the dips!
ZEUS - target 88. stopout 68.
Bearish:
COL - target 45. stop after break of trendline (happened 7-2)
SINA - target 40. stop above 45.50
VMW - target 54. sitting @ target now - burn theta burn.
WFR - target 55. stopout @ 67
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