apple.jpgi like your sell. what if it goes up, are you gonna reload? if so at what target?
i can see this easily going to 160 and rebounding from there based on historical support and fib line matching up right on that mark.
Last edited by bassmaster; 12-07-2009 at 10:09 PM.
the only thing id be worried as a bear(or short) of aapl is todays resistance (support for the longs) gonna fall?
Yup, transports up - but also, Dow hasn't "hit" it's resistance yet... needs to be around 10600 or so, need to zoom in. But a decent bump up may only take it to that diagonal trendline. Anyway, for just the general higher highs and higher lows, we're getting a lot of topping action on these indexes. For SIRI, the most important are likely the russell 2000, nasdaq, NYA and such... one scenario is the industrials rally last, while the others start to falter. Or they all make yet another set of false head and shoulders tops - but to do that, prices will likely be on the line at the end of the year. Looking at the NYA (nyse) monthly chart, we're in for some noise...Originally Posted by bassmaster
Anyway, let's see what happens. the key is to have trading plans for both scenarios- realize you can't pick right 100% of the time, like poker. I"ve trimmed down and actually want to spend the rest of the year reviewing my trades, rather than trading, then start fresh on the 1st. Make some hardline goals and such, and really monitor my system(s). Truthfully, I hope SIRI goes past 0.90 this month, lol, then we all win!
I don't think I'd reload in the immediate future, unless it made a new high. It's at the tough to read stage. Also, it moves kind of slow, and I want to get better at the quicker trades, but wait for better setups. The cool thing about this stock is that you can scale in and scale out. It's not going to move that much from your starting point, so as long as the direction keeps going your way, you can add more on each pullback. Then let it chug along or get stopped out before you're all in. I would like to park some money in it again, so we'll see, but for now, I'm just going to keep an eye on it. The fundamentals for this guy are such that I wouldn't short it either at this point. I just figured I'd cash out for now, see what develops. The other things too, is that about 10 trading days before they report, can look for action on calls, and also a strangle the day before they report. I'm sure if the market turns and takes the stock with it, that they'll sell a ton of iphones/imacs over xmas and have another blowout earnings. I don't want too much money in it though, as Job's health always has me worried about seeing a 20% down day.
Last edited by Dr. Dave; 12-07-2009 at 11:49 PM.
Yeah, I'm not shorting it, I think it's just going to be a bunch of unreadable/sideways stuff for a while - whipsaw city. Why mess with it, you know?
yeah for sure. i think my t/a has improved alot recently. im still not 100% ready to trade the bigger stocks yet. but i am testing my skills now by trying to hit targets.
when you strangle or buy just puts and calls all for earnings r, how far out on options do you go. 1 month from execution? 2 months? which are the most volatile / profitable?
just passin-by . . . thought I might drop in.
am still waitin on that BIG TECHNICAL BREAKOUT . . .
Last edited by Sirius Roadkill; 12-08-2009 at 11:35 AM.
RH close of $0.63 today . . . that means the Turn-KOAT's only need the SP to rise by 22.05% over the remaining 15 trading days of December . .
[QUOTE=socalrunningfool;57606](except Havasaka) ============================================
Love that team spirit. LOL.
Hey I was actually expecting more fireworks from you two. Anyway your pick was right with most but of course you were singled out as the only one the made no sense. I still think it's friggen funny. Currently you are leading your competitor Great Kazoo by about .13. yeah team.
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