Drys

Quote from Nodav:

I hope this chart will assist you with your trading. My opinion is that DRYS will be a fantastic short if it seems to pivot off of that line. What do you think?

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As always with Fib stuff: draw enough lines and the market is bound to bounce off ONE of them.
Forget it. DRYS is dead for trading....move on. Once a $100 stock, now it will trade as all BLOWN AWAY stocks like SUNW(JAVA), and IPIX did: it'll stay low and go nowhere. In IPIX case, it went to zero.
 
Quote from syswizard:

Sorry to see you got crushed....DRYS was between 5 and 7.5 at expiration.
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I'm not a complete idiot although I may play one on ET :)

Reread the thread.
 
Quote from Mvic:

I'm not a complete idiot although I may play one on ET :)

Reread the thread.
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I never said you were an idiot.
You were long 7.5 calls and short 5 calls.
And reading the thread is a lot like reading Bernie Madoff statements...
 
Quote from syswizard:

I never said you were an idiot.
You were long 7.5 calls and short 5 calls.
And reading the thread is a lot like reading Bernie Madoff statements...
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What I meant was that had I held the position in to expiration week I would have been an idiot.

I see now that I didn't post that I was looking to get out of the spread at $45 or better as I thought I had, my bad. The other 400 7.5s expired worthless.
 
Quote from Boss302:

Stock is up big premarket. Not sure if I will sell part of my position or not. I've been looking at that gap back in late Jan. wondering if a fill was ever possible.
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Gap filled for for all intents, sold remaining half. It may go furthur but it hit my target.
 
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