Mo

R

Ron In-a-sauna

anyone get in on the MO sweepstakes today, i got long at 60 just looking for a b/out from that range, but didnt expect that, made and easy 60 cents....but it looks like there was more money to be made on that reversal...anyone get in on the reversal? playing break of that 30.50 support?
feel kinda lucky on these, but liek to think the "smarter you work the luckier you get", playing strong stocks while the spoos are going up, there is always a reason a stock is strong/weak
 
a lot more fun in the last hour. Sold the 30.20 covered on INCA at 29 flipped 29.10 covered way to early. Then just played around after the two big moves. Gotta love it when news stocks save your day. :D
 
Never traded a listed stock before, just put it on my charts after hearing news. Ended up doing a bunch of trades when signals kept popping up.
 
Quote from sdtrader:

a lot more fun in the last hour. Sold the 30.20 covered on INCA at 29 flipped 29.10 covered way to early. Then just played around after the two big moves. Gotta love it when news stocks save your day. :D
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i owuldnt say way too early, these days any time you make a full point intra-day is a damn good trade
 
i'm short 2500 MO overnight. long 2000 RJR

some crazy action today after the IL case news was announced-
and it was pretty insane trading the moves today. i kept some overnight to have fun with with tommorrow too.
check out MO's less than stellar news:

http://finance.yahoo.com/q?s=mo&d=v1

and some idiots were buying MO at the closing price after hours- i shorted some to them at 29.70

heres where i picked up a little more RJR:

After Hours Trade Reporting Thursday April 3
RJR
After Hours Last: $32.60 After Hours Best Bid: N/A After Hours
High: $32.95 After Hours Volume: 92,300
After Hours Best Ask: N/A After HoursLow: $32.60

After Hours
Time (ET) After Hours
Price After Hours
Share Volume
17.44 $ 32.60 300
17.35 $ 32.60 500
16.22 $ 32.94 13400

thats me at 32.60

so, the plan is, sell RJR at a profit hopefully on the open, if not, sell on a break of yesterday's close- it got hit hard in sympathy to MO and because traders stuck long MO naturally would hedge by shorting RJR- hell, RJR usually moves more than MO on MO's news!!! so, things definitely don't look so good for 'ol MO, lets see how it plays out- i'd love to see a point on the trade- its possible.
 
I have pairs in several sectors, and trade them mainly intraday. KLAC-QLGC-MXIM, AMGN-IDPH-CEPH, MSFT-ERTS-INTU, my favorite triangles. I have parameters at what I consider extremes.
 
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