My Options Play

Status
Not open for further replies.
Quote from Multioption:

BBY at over $48/share....!:cool:

I'll reach my goal by December ending because my trading rules have been modified. A capture of $2-$3 move in 2-3days will help!

Stay tuned!
More...

I thought you were out of BBY? GG if you got back in when I posted on here.

I think its heading south now- some retracement after parabolic move - back to at least 47.50 is my 'target'

-- comments?
 
Quote from iceman1:

I thought you were out of BBY? GG if you got back in when I posted on here.

I think its heading south now- some retracement after parabolic move - back to at least 47.50 is my 'target'

-- comments?
More...
I was out of BBY. Lost on the Call options!

Retracement is imminent....
 
Quote from Multioption:

BBY at over $48/share....!:cool:
More...
48.50 now...

Sometimes that seems to be the key:

Just relax and be willing to take what the market is willing to give.

To hell with stop losses!! :D
 
Quote from nonprophet:

48.50 now...

Sometimes that seems to be the key:

Just relax and be willing to take what the market is willing to give.

To hell with stop losses!! :D
More...
Be careful: looks ripe for a retracement.:confused:
 
Quote from cnms2:

You're right: it's risky to buy now. It's always risky to guess reversals. There is a clear bullish divergence from June's low, as well as it is a clear downtrend started end of 2003.

Depending on the time frame you like to trade you could see a different picture. I remember an author writing that it's great to trade weeklies, but you have to do it without watching the dailies. Dr. Elder was writing something similar: if you're trading daily charts, you have to resist the temptation to exit based on the intraday charts.
More...

Dr. Elder is a smart man. My trading is adjusted to what the market is showing. I always try work with several time frames whenever possible. Usually trades last from several minutes to three days. Last year and into this fall i held names for months with minor adjustments. I wouldn't trade OVTI b/c it does not fit my profile of a deep liquid instrument. However, i can still tell you where it's going in certain instances just as i can for stocks that do fit my criteria.
 
Quote from Multioption:

I'm watching NIHD!
More...

a couple more Im watching

TRI
(long 38-39 - maybe in at 40)


DNA
(short 94-95- OR maybe long Dec100c/long Mar 90/95p)
 
Quote from cnms2:

I agree: OVTI has bullish technicals. If you're in you should tighten your stops and look with confidence to $14-$14.5 where I see resistance. If you're not in, this is a riskier point to get in.

I'm still trying to figure out how to use DMI. Based on my latest understanding of this indicator this could be the beginning of a stronder uptrend. Does anybody care to comment on it?

PS: I didn't pay enough attention to your first post about OVTI. My mistake.
More...


I'm in from 12 - March 15c

may exit IF we don't see some further upside beginning of next week
 
Quote from iceman1:

I'm in from 12 - March 15c

may exit IF we don't see some further upside beginning of next week
More...

Alright amigo!!! That's excellent.

Are you really inclined to hold into next week though? Sure?
 
Status
Not open for further replies.
Back
Top