Market Calls

Quote from vhehn:
05-13-05 11:09 AM


shorted a few dia may 101 puts this am. plan to let them expire.
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going to be gone tomorrow so i am booking this trade now. these are expiring worthless unless we drop 400 points tomorrow. 100% gain. maybe i should send out a newsletter bragging about a 100% gain in a week and sign up a bunch of subscribers. lol.
seriously, even though it was a good trade it was the wrong trade. i made .65 cents average but had i bought calls instead or even took the stock long i would have done much better.
 
to take full advantage of yesterday's market action you actually had to know what was happening as it happened. preconceived notions are meaningless when a freight train is heading your way. i did 10% R.O.C yesterday and don't expect to be handed the type of A/D or TRIN that we had yesterday anytime soon. it's time to solidify vacation plans. imo


samson covered VLO near the bottom and it's up over $7 points ... again, positioning ... pretty obvious who has it ...
(this is one trade out of a total game plan but, it gives an accurate picture)

good trading.

alex
 
Quote from jsmooth:

what's everyone think about Steel stocks right now? Seems that the trend is still bearish, but lots of technical indicators show an oversold point at these levels:

i've been shorting/day trading X (US steel) all last week, and opened another short this morning. Anyone have any thoughts on this sector? (it still looks pretty weak in my opinion)
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Hi,

X still looks shortable, with 36 as conservative and 33 as agressive targets. But stops need to be set in correct ratio .
 
Quote from MAESTRO:

GOOG. Sudden sentiment swing to negative! Don't know why yet but will short at $240.40.
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Covered at 239.40 for $1 a share profit.
 
pretty soon GOOG will be a long term short holding ...
100 points downward ... what will be the catalyst ... hmmm
nasdaq stocks make me sick so i do not trade them often ...

stocks i traded yest./ today: EXC(sold on open) ROK JCI PEP DVN JPM

long JPM added today ... if my levels do not hit tomorrow i will close/half the position; if they do, i will fill out my line to $40

cheers.

alex
 
ive got UTSI on my hotlist. looking for break above 7.75 with volume. using a .60c stop. hold period(swing) 3 - 14 days depending on price action. will notify when entered and exit.
 

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