QQQQ by Joab

Joab · Apr 20, 2007

Loading up Short $45.60

Top O Range

Joab · Apr 25, 2007

I'm adding to my position here @ 46.00

Average price 45.81

Also writing some Bear Call Spreads 46/48

stock_trad3r · Apr 25, 2007

Quote from Joab:

Loading up Short $45.60

Top O Range

If your wrong don't dissapear on us

Joab · Apr 25, 2007

Quote from stock_trad3r:

If your wrong don't dissapear on us

Of course not, this is just one trade

TradinMadMan · Apr 25, 2007

Quote from stock_trad3r:

If your wrong don't dissapear on us

So, what if he is wrong? Joab always posts calls. commend him for that, instead of looking to badger him for not being 100% correct.

Joab · Apr 25, 2007

Quote from TradinMadMan:

So, what if he is wrong? Joab always posts calls. commend him for that, instead of looking to badger him for not being 100% correct.

Moi wrong, never !

thanks madman we need more support for the traders in the room that put their balls on the line with live calls.

Joab · Apr 25, 2007

A private IM i thought was a good question so I will share

RL8093 wrote on 04-25-07 12:36 PM:
Just curious - where's your puke point on this trade? (or are you convinced mkt is headed south?)

All the best,

Ron

I'm really expecting resistance in this area 46.00 so I wont let it get too far away from me.

I monitor multi time frame charts so it's hard to give an exact # but I try my best to post the exits before they happen.

bluud · Apr 25, 2007

I ... short QQQQ @ 46.08

there is a great chance it might go higher ... but this is a good price to go short ...

stock_trad3r · Apr 25, 2007

I've made some bad calls in the past

Recently I recommended AMR (as well as other arlines) in the low 30's which is now trading at $27.5

Joab · Apr 25, 2007

Beige Book release was not too bad but we are stretched pretty far on multi time frames now so the next 30 mins should tell the tale.

Will keep posting updates