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Only 43 days left until July Expiration. So unless some BIG WHITE CANDLES start appearing on this chart by next Friday, it's Loss Eating Time for me.... :mad: Come on Baby, 620 or Bust!! :p

Interesting blog about FB came out a couple of hours ago: http://blogs.marketwatch.com/cody/2012/06/06/why-im-buying-facebook-right-now/tab/print/ :cool:

Feeling even better about my Iron Condors now! Thanks. :cool:

atticus, What's your opinion on a fair range for FB in 2012? In the 20's only, or can you see it going back into the 30's? :)

Just Opened some FB July 30/31/21/20 Iron Condors @FB 26.81. Time will tell whether I called the Range correctly or not. :)

Yes, AAPL went way down and then the Bulls came in to support it - a classic "hammer" candle + higher volume than we've seen lately. Some good news from Europe this week would certainly help our cause as well. :)

This chart looks like the Escalator at the Mall! Going Down Anyone? :p

I like that kind of talk! :D

Indeed. And when they started talking about AAPL going to 1000, it fell from 644 to 522! :p

FB took out last week's 26.83 Low this morning. Opened FB July & August 30/31 Bear Call Spreads. How Low Will it Go? :cool:

Good luck with that trade. The Blog about 286,000,000 shares available for sale in 3 months, and your strong Bearish argument have me convinced - for the short term at least. Will look into August 30/31 Bear Call Spreads tomorrow. But will still stay Long with the January 25/24 Bull Put...

FB held up OK on Friday, with the 26.83 low (at the bottom of Thursday's "Hammer") never threatened. The volume was quite low too. I guess, for one day at least, everybody decided to sell everything else instead! But this quote from a recent blog doesn't inspire much confidence in FB's future...

Sorry, I was talking about the 2.05% difference between 522.18 and 535.35. Anyway, I hope your system is wrong about 470. We'll see. It was a rough month for the Bulls. Hopefully we won't have the Black Monday some are predicting.... :(

Yes, it's off by 2.05%, but this isn't an exact science. AAPL pulled back to a Support Zone, and the Green Line is clearly near the bottom of it. Anyway, what is Apple's price target? I'm assuming you think it's lower than 522. :)

Not sure about A,B,C Waves, but how about the way I learned? 2 Steps Forward.......1 Step Back!! 426.70 forward to 644.00 =+217.30 (217.30 X .5 =108.65) 644.00 back 108.65 = 535.35!! :D

Not sure when AAPL will get back north of 600, but I think it should stay above the 525-550 zone from now on. So I went further to the Long Side on the Pullback: Opened another AAPL 550/545 January Bull Put Spread. :cool:

Here's articles I just read about the TSX Venture Exchange and Penny Stocks (U.S. version of the same?). Don't worry, I won't be doing either! But certainly was interesting to find out about - thanks. http://en.wikipedia.org/wiki/TSX_Venture_Exchange http://en.wikipedia.org/wiki/Penny_stock...

"The Social Network II"? Hope it doesn't turn into another "Rocky"!! :p

Good points indeed, and I appreciate your concern. I do want this trade to work of course, but by no means am I betting the farm on it. A Total Maximum Loss in January (which I'd have to be in a coma to let happen!) would only amount to -00.28% of my Equity; versus a possible maximum of...

stephen31, You cuss a lot, but do seem to be a nice guy, so Peace back at ya. I made a very small bet on the Brains & Cash at FB finding some kind of solution to their monetizing problem, by January 18, 2013. At least enough of a solution to ensure the stock price will be 8% LOWER than when...