Wednesday, May 14, 2008
Sell 1 X June 2008 Call @ 9.10 (profit of $80)
My exit on this wasn't all that great. I sold it in the morning, after seeing a lot of volatility. But after looking at the closing price, I'm not complaining.
Tuesday, May 13, 2008
Buy 1 X Jun 2008 Call @ 8.30
Bought this on a break of 172.50. I had put an alert on this price a few days ago, it got triggered today. I would've liked to see better volume on this. It's been struggling to overcome this area of resistance. If it gets overcomes this resistance, it could fly.
Labels: X
Saturday, May 10, 2008
Some thoughts...
It's been a while since I last posted, and I'm sure I've already lost the very few readers that I had, but oh well...
The market's been acting well the past few weeks, and people are wondering whether this is a bull rally in a bear market or if this actually is the real thing. As always, no one knows.
When I began to write this post, I thought I'd have a lot of good charts, but could only come up with one. I took a look at some oil, steel, coal related stocks, most of them are making all time highs, so they could be due for a pullback. But I've put some alerts in my trading account, since I feel that if they continue climbing, a short squeeze will ensue. I've always visited Tim's site, since you can learn a lot of TA stuff from there, but this post, in which he gives his readers an idea of what his stops are on some of his positions, will give you a good idea of where the shorts will start covering their positions. I've got most of these stocks on my watchlist.
Here's one chart that I found interesting. IBM, this looks that it could break out above 125.
Good luck with your trades, and feel free to share your ideas.
The market's been acting well the past few weeks, and people are wondering whether this is a bull rally in a bear market or if this actually is the real thing. As always, no one knows.
When I began to write this post, I thought I'd have a lot of good charts, but could only come up with one. I took a look at some oil, steel, coal related stocks, most of them are making all time highs, so they could be due for a pullback. But I've put some alerts in my trading account, since I feel that if they continue climbing, a short squeeze will ensue. I've always visited Tim's site, since you can learn a lot of TA stuff from there, but this post, in which he gives his readers an idea of what his stops are on some of his positions, will give you a good idea of where the shorts will start covering their positions. I've got most of these stocks on my watchlist.
Here's one chart that I found interesting. IBM, this looks that it could break out above 125.
Good luck with your trades, and feel free to share your ideas.
Labels: IBM
