My Options Play

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Interesting: the way I read the attached chart, CPKI is due for a retracement toward its 22 day EMA, which is in the proximity of its 50 SMA (not on this chart). Chaikin Money Flow as well as other indicators not on this chart show bearish divergences.

But the DMI shows a bullish entry point: DI+ crossed above DI- and ADX ticked up from bellow both of them.

I know that I have no handle on DMI, but maybe this chart shows that CPKI is at the beginning of an up trend, that starts with a pullback on which to enter at a discount, let's say $30.4-30.5.
Schaeffer's Daily Contrarian: A Review of California Pizza Kitchen's Earnings


Motley Fool
Dough Keeps Rising at California Pizza
Published: 10/28/2005

Brief summary:
The article mainly rehashes California Pizza Kitchen's (CPKI: sentiment, chart, options) earnings, but there are some bullish comments made.

" There is certainly a lot to like in California Pizza Kitchen's results, but the big question is whether it can keep up the pace. It may: Although its gains have been impressive, the company looks as though it still has some room to run."

" California Pizza's recent results have been impressive. But even more impressive is that the company still has yet to peak."


Contrarian Takeaway:


After looking at the sentiment indicators for CPKI, I tend to agree with the author. Short interest increased by 47 percent during the most recent reporting period, putting the short interest ratio at 7.46. Of the six analysts even following the stock, half of them rate CPKI as a hold or worse. The stock has suffered a recent pullback, but over the last fifteen months, it has remained above it's 10-month moving average.
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Quote from novel20:

Anyone willing to share some real money trade?
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What's the difference if we discuss real money or hypothetical trades? Discussing real-money trades especially on thinly trading option chains might be perceived as manipulation. From the many trades I analyze only a few see the "green", but I write down the trading plans for many more; I enter them into my optionsXpress virtual trading account, then follow them as I follow my real money ones.

I review both account records and draw conclusions about how I'm doing. This allows me to get experience much faster, without committing more money.

Sorry if it bores you.

Please submit some of your trades.
 
Quote from cnms2:

What's the difference if we discuss real money or hypothetical trades?
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Big difference.

With real trades you have FEAR and GREED which can cause you to trade differently than with hypothetical trades.
 
Quote from uninvited_guest:

Big difference.

With real trades you have FEAR and GREED which can cause you to trade differently than with hypothetical trades.
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This was my point: you have to learn to master them if you want to be successful. To get confidence in your trading system / skills you have to calculate your expectancy over a large number of trades. If you size correctly your trades greed and fear diminish. If you write down your trading plans and follow them you're not driven by impulse and your decisions and your actions get more objective.
 
The difference is huge cnms2 but you don't need to explain yourself to the likes of characters you find here. It was a mistake on my part that i should've just kept to myself. Didn't mean to cause any static. :(

cnms2, i will admit i had doubts about your actual trading style and habits once we started academic discussions--b/c most traders in my position (slightly educated but dumb as dirt) spend most of their time fine tuning already successful operations with a slight hint of academia and nuance. The ones that have extraneous time for research are either filthy rich or have other means of income or are hired guns that are given the opportunity to enhance their trading universe through academic means. I never thought one could successfully balance everything discussed as an independent with under $1M. Your excel work and analysis is good from what i have seen so my question is what's holding you back from 100% real money trading, if anything? I also stat certain trades that weren't taken. I want to see results no matter if in or out however the majority of time is spent managing real trades so logging figurative trades takes a back seat for slow days or breaks in trading. There is little time with a full line on.

EDIT: real money trades for you vultures is an expensive proposition!:D I am bullish on EEM but am not fielding any questions. We can study the trade later. For now, let's make $$.
 
Quote from Cluseau:

The difference is huge cnms2 but you don't need to explain yourself to the likes of characters you find here. It was a mistake on my part that i should've just kept to myself. Didn't mean to cause any static. :(
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Big mistake on my part too for creating this thread on ET. I should have done that somewhere else.

I will post my trades as promised (till December ending) and leave the board.
 
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