176 million all ready on MGLG and the MM's keep throwing out the .0008's. Grrrrr
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176 million all ready on MGLG and the MM's keep throwing out the .0008's. Grrrrr
hows saro's level 2 looking, i'm getting killed!! hit .0009 today!
MGLG is oscillating between .0007 and .0008 now.........
6/4 B/A and they are selling for .0007? Why would anyone raise the bid when they can name their own price? Its like a used car lot around here.
Hi Crazy Penny Chasers -
Last I wrote on the Nasdaq I was expecting it to hit the lower end of the gap resistance at 1905.01, it hit 1906.08 and had to decide if it would turn back. It did for part of the day, but settled above, so we (or at least I) now look to see if it continues up. It did, so now we are expecting to hit at the Upper end of Nasdaq gap 1947.39, just hit 1945.35. I think AAPL's earnings helped it out, and we now have MSFT and AMZN reporting after hours.
I bought my AMZN call yesterday, sold it for a +20% gain. Of course, now its up 60%, but I bought a more expensive one a little out of my comfort zone, so I took the profit and rolled it down to the next contract - things were moving so fast that while I dilly dallyed with trying to place a limit order, I missed some of the move, but that contract is up about 20% where I bought it, the difference in price made it about 25% for free though. Still learning.
Perhaps I should have just played out the first contract, but I kind of wanted to hold one (risky, maybe not the best idea) to hold one over night, so I figured using the profit from the more expensive contract into a cheaper contract was the way to go. Of course it almost looks like the same money could be made if I just held the other to the end of the day, with commissions and all, but we will see. These things are as volatile as pennies, that cheaper contract was up by 100% today from yesterday at one point.
I'm hoping the Nasdaq won't quite hit the upper gap today, that will leave room for tomorrow. The reality of the matter is that I looked up the earnings results last night and there were about 50 up, and about 100 down. That said it looks like the most successful companies are carrying the indexes up, while the truth in the matter is, things aren't so hot.
Any opinions on which way you folks AMZN will report? Anyone actually seen someone using a kindle? Apparently, they just bought another company yesterday, that's likely driving up today's price, cause it's making the company look good. This may be a case of buy on rumor, sell on news though. I usually don't like holding into earnings without a decent gain prior... so while I do have this contract partially paid for, I could just cash out today, and pocket the gain and not risk anything, wait for the next play, which I'm thinking FSLR - making higher highs, higher lows on the weekly chart and has a nice area to move from one support level to the next resistance level before its earnings on the 30th. The weekly candles look ok.
Sean, on your TA analysis, I am managing some stock in AAPL, it has a gain, cash out or hold?