Market Watch week of 12/14 to 12/31 2009

**SiriMonkey** · 12-30-2009, 08:26 PM

Originally Posted by bassmaster

glad i could help. im also gonna be very active trading in the new year. maybe we can petition charles or tyler to install a chat here.

Good idea Bass.

I'm all about chatting.

Never at a loss for words.

Julie

**Dr. Dave** · 12-30-2009, 08:27 PM

Oh yeah - you bought options - different story...
what price did you pay? you buy them today?

**Dr. Dave** · 12-30-2009, 08:31 PM

In your case, you need to sell into strength... im no longer a fan of holding those more then a couple of days... today's run was so strong, the premium is a little jacked up, so even if it goes a little higher tomorrow, the price may not move much, so if it starts cranking up tomorrow, just get out I say... just leave with a profit... i'd only stay in with a close HOD, unless its a hammer, then sell

**bassmaster** · 12-31-2009, 12:02 AM

Originally Posted by Dr. Dave

Oh yeah - you bought options - different story...
what price did you pay? you buy them today?

$1.35, i think they close at $1.70...

**bassmaster** · 12-31-2009, 12:16 AM

actually closed at 1.75

and yes bought this morning as soon as new high was hit....i t was trading i think around 3.05 down to like 2.90 then back to 3.05 then just jumped to like 3.22 instantly. thats when i pulled the trigger

**Dr. Dave** · 12-31-2009, 01:56 AM

Originally Posted by bassmaster

actually closed at 1.75

and yes bought this morning as soon as new high was hit....i t was trading i think around 3.05 down to like 2.90 then back to 3.05 then just jumped to like 3.22 instantly. thats when i pulled the trigger

So you're out??? yes!

Three days of decay after tomorrow, lol.

If you're out, it was the right choice - watch the action tomorrow though, see what the prices do.

**bassmaster** · 12-31-2009, 02:52 AM

Originally Posted by bassmaster

actually closed at 1.75

and yes bought this morning as soon as new high was hit....i t was trading i think around 3.05 down to like 2.90 then back to 3.05 then just jumped to like 3.22 instantly. thats when i pulled the trigger

dr dave, i am an idiot....i bought the option at 1.35 and the option price closed today at 1.75....no i did not sell. i liked todays candle too much.

when i wrote it was trading at 3.05 , i meant the stock was trading at 13.05 down to 12.90 then back to 13.05 then jumped to like 13.22 instantly and thats when i pulled the trigger on buying the options. its those dammm pennys , im not used to following high priced stocks.LMAO.... im taking a chance and looking to dump them sometime tomorrow because todays candle looked like we should have some upside tomorrow. I APOLOGIZE FOR THE CONFUSION. i feel like such a dweeb. especially since you thought i sold them today...LOL....

**bassmaster** · 12-31-2009, 02:53 AM

i need to practice on my grammar as well as my trading skills, lol

**bassmaster** · 12-31-2009, 02:54 AM

im looking back at what i wrote, and im like WTF DID I SAY THERE?

**Dr. Dave** · 12-31-2009, 03:07 AM

Originally Posted by bassmaster

im looking back at what i wrote, and im like WTF DID I SAY THERE?

LOL, just make sure you get a profit - I take it they are Jan exp?
Still a way out, so decay won't be bad, but the volatility stuff can get to ya.

Market Watch week of 12/14 to 12/31 2009

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