Divergences

Quote from romik:

Just some thoughts out loud for anyone interested, regarding recent silver short.
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Romik,
I would consider holding this one until that upper band starts leveling out. Looks like a solid trade for ya.

Gary
 
Quote from 4re:

Romik,
I would consider holding this one until that upper band starts leveling out. Looks like a solid trade for ya.

Gary
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yes, holding partly due to that exact reason.
 
Quote from romik:

Ya, I would sell CAL here @ $27.86, BRDs on weekly are supported by a double top(ish) formation. PT1 @ $21.00; PT2 @ $18.00 or exit @ entry. STOP: $33.00

Good luck Gary. I will add this one to my journal as I simply pick the ones (and there are lots more that I have no time to look for) that I see divergences being present. Thanks for bringing this to my attention Gary.
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Sorry for the delay in posting this. Exit CAL @ $26.00 There was an opportunity to take profits @ $23 as Gary has done on his options, I was going for $22. I will watch this stock in the near future.


PnL: +6.67%
 
Up to date PnL:

LU -6.8%
SI +7.34%
AMGN +6.79% (+8.84% no scaling out)
AAPL +12.18% (+22.21% no scaling out)
CPB +2.65%
AIT +1.42%
EBAY +12.39%
CAL +6.67%
 
Quote from romik:

SHORT YI U6 mini Silver 06 future contract

Current at the time of call: $12.12 50% position
PT1: $11.00
PT2: depends
Average down: $13.00
Stop: $13.50

Taking an early BRD "A class" in MACD HIST on a daily chart attached
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PT1 hit

EDIT: obviously this has been rolled to Dec 06 contract, PnL will be adjusted according to prices of morning session of 7th Sep 06.
 
Quote from romik:

Short ABI (NYSE) Applera Corp - Applied Biosystems Group

Current: $30.84
PT1: $28.00
PT2: $25.00
PT3: N/A
Average down: N/A
Stop: $33.60
BRD in MACD/HIST/RSI/STOCH on a weekly chart attached.

http://finance.yahoo.com/q?s=ABI
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I think the fate of this trade is going to be decided very shortly. At the moment the price approaches 52 week high of $33.59, but there is a cute BRD on the weekly chart, which is still valid. So the plan would be to close the trade @ initial stop level and re-enter the short when shorter TFs start showing signs of weakening upside. Hopefully it's not going to gap down or up for that matter.
 
Romik,
Have you been watching the run up on CAL this week. You know I still have 120 calls on this one if it gets up to 31 or higher I will be able to sell them and get a little more money off of that trade. They expire today either worthless or maybe for a little money. They are Sep 40 calls which are worthless right now. I think at 31 they will bid .10 for them and I can get 1,200 for them. Wish me luck I might need it.
 
Quote from 4re:

Romik,
Have you been watching the run up on CAL this week. You know I still have 120 calls on this one if it gets up to 31 or higher I will be able to sell them and get a little more money off of that trade. They expire today either worthless or maybe for a little money. They are Sep 40 calls which are worthless right now. I think at 31 they will bid .10 for them and I can get 1,200 for them. Wish me luck I might need it.
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Good luck pal! :D
 
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