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ELN data is out and it's not looking good and the share responded with a 6 dollar dive, from 33 to 27, with very big after hour volume it has recovered a bit to 28.XX but I wouldn't be surprise if it goes to 23-24 tomorrow. The data was massage to give a positive spin on a subset with alz. but...

bought to close 10 ELN 45,29 strangle @1.55...+450 sold to open 10 JRCC 50,25 strangle @1.45 ....-150 the transpose position of JRCC is now short 10 50,35 strangle @2.95 from teh put vertical I had before. looking to go in to SVNT today at the 22.5, 30 strangle. Also will see where ELN...

VNDA receive a non approve letter today from the FDA for its most developed compound. this is now a biotech zombies.

nothing change since my last post except that my positions are experiencing more volatility then I thought. If i was a day trader this would be heaven right now in the market. certain stocks that I have in my list are jumping +- 5-10 points on any one day. Earning season is in full force and...

hurricane in the gulf is driving up oil, oil up = coal up.

BTW this is my 3 third month trading this account and here is my equity curve. Notice the nose dive was due to 1 trade(JRCC) having a black swan -13 point dip in 1 day.

sold 10 strangle 29,45 aug of ELN@2.1 this morning. MYGN: I am not calling a top on this but the 15 point run up from 6/27 till now is not because of money saved from the development of the fail drug. At this point I am not sure exactly what is driving the price up this high, so I'll stay on...

Hope is one of the deadliest sins in trading. analyze your trade and know your risk.:D

the inverse relationship between the broad market and oil is something amazing in the pass couple of weeks. nothing move the market except oil, even though we are in the earning season. VNDA is expect an FDA decision on its schizo drug around July 25. I have a net long position in this in...

short 10 35,25 put vertical @1.35 in JRCC. This is a first leg of my position, I am planning to short an equivalent call vertical after Friday expiration unless I get an attractive fill before then. I am planning to hold this only till earning(8/6/2008).

I actually did alot of research on ICO before picking JRCC as my coal horse. ICO stock price is low for a reason and it has been the laggard of the industry. Here are the reasons why, in no particular order 1. huge float with 100+ Mil shares. with a dilution just this pass month of...

This is only my opinion on JRCC, After doing a little research, I saw that weekly spot coal prices have plateau and begining to come down abit. The stock at this point is pricing in the new contracts for 2009. I'll probably won't put too much money in before the earning and conference call...

Well I am back from vacation and refreshed. The market is dumping some more since I left, I see. other then financial stocks going down the tubes, oil is still high, commodity is high, my biotech sector is quiet. I am ready to get back in the flow here. I re analyzed my JRCC position last month...

Close my put vertical at the open today. The sector is nose diving still. I'll cut my loses here and moved on. -6K here plus yesterday -2K put me back to even money. I'll take my 15K out and start over. I'll going to analyze where this trade went wrong. The big big down day yesterday was out of...

what a day today for JRCC and the coal sector. I had to take a lost on the strangle and got out with a 2K lost so far. This seems to look like the blow off everyone is looking for, for a month or two now. Tomorrow will probably be low volume and not much of an indication of what's to come next week.

little buying from coal consumers due to high spot prices but this is always the case until reserve supplies run low and they have to scramble in the spot market driving up prices even higher.

gobar you gonna lose your shirt if you listen to me. so don't do it!!!:D

status quo today, whipsaw action on the market end up flat. Nothing look interesting so far. I enter a few long term position on another account. As for JRCC, it had more moves then Paula Abdul but ended up flat. I don't expect any big move eihter way until at least Tuesday or Wednesday of next...

dmo, I wish I can tell you its a super secret strategy but its not. I follow the companies like any other. I read up on their drug, listen to their conference call, look at their pipeline, read their top analyst assessment, analyze their stock chart, read counter views, cross-ex their data with...

didn't make it pass the mustard today.