Short Term/Medium Term Stocks and Options

[bbgold]

SCSC 56 the next level here
So far trying to uptrend. Anticipating the earnings reaction to run out of steam after today. The overall market sentiment might start to put a drag on it. Usually the first day of an earnings release the stock will ignore the overall market.
Enjoy the Day TLC! :^)

[Dain Bramage]

I just got a Sept 55 Put on SCSC, I think it will go down to 51 before it does anything else. PHSB is too thin to jack around with.

[bbgold]

Sounds Good TLC
SCSC was a potential straddle overnight on it's earnings release. The initial resistance target was 55 so now seeing if it will hold support. Usually after a big move like that I will not look for much continuation, unless for possible retrace to downside. PHSB about the same, potential to fill it's gap, prior 52w high at 25.49 would be the support to watch for breakdown imo.

I hope you can make them work for you TLC :^)

[Dain Bramage]

Yup. I read support and resistance differently depending on the time-frame. I made that trade based on a refinement I discovered in a pattern that most people call a 'descending triangle'.

I'm looking at SCSC and PHSB at the moment.

[bbgold]

LOL, Excellent trade TLC!
Don't pay any attention to the squiggly lines, just watch the price and where it might find support or resistance.
Congrats! :^)

[Dain Bramage]

HEY!! You're making me dizzy with all those squiggly lines!!

DIS: I put an order out to cover at 21.03 "just in case", didn't expect to get hit but I did!

[bbgold]

Looks Good TLC
Last spike low this area for DIS was at 21.80, minor support 21.50, 21, 20, below that is the 52w low at 19.78. Have been seeing a lot of stocks giving up a years worth of gains so DIS testing 21, 20 a possibility, as was weak last August also.
Good Luck TLC! :^)

[Dain Bramage]

I pretty much stick to my own style so I may pass on the Marketgems. I bot a poot on DIS yesterday anticipating a move down today so today is good. I'll probably hold onto the position for a while.

[bbgold]

Hi TLC
Nice bounce on IACI. I don't have anything promising for an options trade right now but you might want to keep an eye on the Marketgems board. DC has had some good trades there and some good trades have been coming out of the Marketgems chat room. I will post them on the board when I can.
Enjoy the Day TLC! :^)

[Dain Bramage]

Made a nice trade this morning on IACI, in at 21.84, out at 23.06.

I'm looking for some options trades for the next week or two.