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CMG (Weekly) 07/24/2012: Will the "around 300" line hold? If not, how much further will CMG descend? :eek:

P.S. How do you get the charts to show within the post, versus just as an attachment? Thanks in advance. :)

AAPL (Weekly) 07/24/12: A classic "Cup with Handle" Base on top of a 3 year uptrend, for a stock which goes up 80-90% of the time after its Earnings Announcements. Time for some more upside? We'll know soon enough. :cool:

80-90% of the time AAPL goes up after earnings, and this super 3 yr. uptrend has a textbook Cup with Handle right at the top. My reading: Odds strongly in favor of more Upside. Certainly see no reason to close the August 600/595 Bull Put Spread I opened back in March. Good Luck! to...

GL with those trades. The 300 line is the thing I guess. It's held so far - for 2 whole days! Will be fun to see what happens. :)

Short term, what will happen after the Earnings Announcement tomorrow is probably a coin toss. But long term AAPL goes up around 90% of the time after Announcements, and that's a killer 3 year uptrend. Since it peaked at 644.00 it's also built a nice Cup With Handle Base Pattern (for all you...

We'll know a lot more after earnings are announced tomorrow. If they're good enough, AAPL could act independently of the $SPX and go north even if the rest of the market goes south. My bet is still on north for AAPL, with the August 600/595 Bull Put Spread I opened in March. Meanwhile -...

BTW this was an excellent article and he presents a strong case for the Bears for the rest of 2012! We'll see what happens. http://seekingalpha.com/article/738...ll?source=yahoo

RR, Thanks for the GL. I know conventional wisdom says to hold Credit Spreads only a month or two. But I've found there are pros and cons to short term vs. long term Credit Spreads. A one month Spread gets you out before a pullback/correction in month 2, but you get a much smaller credit...

RR, The credit on that trade was $192.00, with a possible Max Loss of $305.00 (though I would close out long before it got that bad). So there's a Possible Net Gain of 62.95% over 6 months, with a Max 1.59 Risk/Reward ratio. As to TA, one could argue the last higher low was 300.00, and it...

I was quite wrong back in April and closed that trade for a loss when CMG fell to 379.35 on 06/28/12. But I reopened yesterday with a January 300/295 Bull Put Spread. See support in the 300-275 zone, and figure CMG has fallen enough for now. Betting it will consolidate in the 300-375 area for a...

I read all the bad news just like everyone else, and sometimes also feel the "End of the World" is near. But if you tune it out and only look at SPY's long term chart, the Uptrend is still in place. If it goes above 141.48 we'll have a new higher high, and are only 5% below that now. As to...

Good points. Let's see what Investopedia says: Definition of 'Trader' An individual who engages in the transfer of financial assets in any financial market, either for themselves, or on behalf of a someone else. The main difference between a trader and an investor is the duration for which...

First, how do feel about the word "Investor" vs. "Trader"? I think Selling Puts makes us Traders. An Investor to me is someone who buys a stock and holds it because he wants to be part "owner" in a company he likes, etc. Finding a stock that's "Bottomed" or "Consolidating" and Selling Puts at...

OK, so you're saying Trends are a Rearview Mirror Indicator and can't be relied upon as a Future Behavior Indicator. If so, what do you base your stock entries and exits upon? Do you buy when the stock is selling below its True Value after a Market Correction, and sell when the stock is...

Excellent! :D

But don't you think there is lots of chart evidence that Trends exist? 2 Steps Forward (Bid the price up), 1 Step Back (Take some profits off the table), etc.?

Pre-Earnings Rally? They announce 3 weeks from today on the 24th.

You're smart enough to not mind saying you absolutely know what the 5 dumbest questions were in the history of the world? :p Anyway, most of the other posters got the gist of what I was asking and were generous enough with their comments to help me learn some more about Options. All very...

I have to go to work now, but will respond later. This is getting good - quite enjoyable. Are you one of THEM?? A Value Investor? On ET? Ahhhhhhhhhh!!!! :)