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CFC closed up 6.24pts on May 9th from my long April call.
LEH closed up 6.60pts on May 9th from short call.
OIH closed up 11.76pts on May 9th from long call.
Quote from cashmoney69:
calls for April 9th - May 9th 07
CFC - Still bullish. MFI and ROC began to rise in early march around the 12th despite the decline in price. 13 and 21 MA look like they'll cross soon, and bearish volume has been average for about the past 2 weeks. http://stockcharts.com/h-sc/ui?s=CFC&p=D&yr=0&mn=7&dy=0&id=p67793429132 /// http://stockcharts.com/h-sc/ui?s=CFC&p=W&yr=2&mn=0&dy=0&id=p82044474399 . Buy stop at 35.00
LEH - Bearish on this one, as the long term trend (weekly) has nothing good to say. Trend as well as indicators are negative, AND I see a bearish pennant that has formed on the weekly as well to enforce my beliefe that LEh goes lower. 13, and 21 MA's will most likely cross next week, ROC falling nicely and MFI topped in October of 06 and has been steadily declining as well. Price also broke the 50 EMA which can act as support..but not this time. We're beginning to see a bounce in the last few days (on daily) which I dont think will get much higher than 74. http://stockcharts.com/h-sc/ui?s=LEH&p=D&yr=0&mn=7&dy=0&id=p67793429132 /// http://stockcharts.com/h-sc/ui?s=LEH&p=D&yr=0&mn=7&dy=0&id=p67793429132 Short stop at 70
OIH - Bullish. I like OIH for the simple reason that we are heading into the summer, and like clock work, oil goes up. All indicators look great for OIH except for the decline in volume...however thats probably because it's going to a resistance level at 150. weekly ( http://stockcharts.com/h-sc/ui?s=OIH&p=W&yr=2&mn=0&dy=0&id=p82044474399 ), daily( http://stockcharts.com/h-sc/ui?s=OIH&p=D&yr=0&mn=7&dy=0&id=p67793429132 ) . buy stop at 151.00