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added alittle more right here at 9.10-11
bought some vxx at 9.20ish as the spy hit 145.30
i dont think i want to short it, but i dont think i want to be long here either, if we get a blow off top lets say to 145 ish, id be more inclined to go short then. i guess the question is , what vehicle to use, to be short. as i write this seems alot of interest in the vxx options, looks like that might be a good one.
after noon all, ive been watchin the dollar and on the weekly chart has respected the BB very well, the last time it touched the lower BB was lets around 4-25-11 followed by the /ES losing over a 100 handles. and as far as the vix, it hasnt made new lows as weve been making new highs, which i think should at the very least give us pause.
ot sorry about that, i had to check who i was when i sigend in it said 21000 unread messages, lol..
bought ge dec 29 calls at 1.83, and wfc sept calls at .90
dex, what stocks do you track that are of the same caliber as GE, INTC, msft,, csco? I need more consistent stocks.. thanks in advance
ben
closed my msft calls for + 7 percent
took the loss on my COP calls -26 percent on two positions closed them yesterday, and went out to clear my head.
went long MSFT jan 09 27.50 calls at 1.52
thanks dim, much appreciated.
ben
ot; morning everyone, i need some advice on a good fast computer, yesterday i bought a HP pavillion A6530F which was supposed to be very fast, but under test of my trading platforms it was freezing more than my old one, anyone have any recomendations, how is the Dell's?
sure you can interest me, i dont know anything about bonds, or what you mean about hunting but im always willing to learn if you have the time. Im not sure what your asking the board, but if learning about bonds helps me become a better trader im all ears./
i followed ya in on the cop dex, bought aug 85 calls at 1.53, and bought sept 90 calls at 1.55, i had to work my regular profession today but still made money, how was the market to you dim, and dex?
now that would be cool, morning Dim..
dex you got a ticker symbol for oil for stockcharts besides $wtic?
oil came awfully quick it has alot of downward speed at the moment.
dex,i might follow you into this one, out of the 5 you listed i like COP first, and Xom second, on the options im interested in the spread is only 1% and on xom its 2 % on the other stocks i cant afford the 6% spreads in their options and that stinks too because i really liked the chart on CVX too. to risky for me when i want to get out. Im curious of the two i like which one do you favor and why?
the key for me might be to buy these far out enough incase they dont bounce right away. i like cop i think earnings out of the way, beat the street, the unknown would be xom, although if xom came out with stellar earnings about the same time oil was on the rebound, you could really see some fireworks. on the other hand if they miss, and oil is still heading down xom could become the laggard.
people are willing to pay 75 dollars for a gallon of starbux, but complain about paying 4 dollars for a gallon of gas, lol..
gonna watch SBUX for a bit, might be tradeable with a pull back
smiles, yea, sometimes i get lucky, but im still here devoting time to DD, checking into HD leaps, but still keeping an eye on my core stocks today just to stay in tune with their strength or weaknesses. im taking MRK off my list, VLO, and possibly PFE at the same time.
im gonna go cut the lawn, have a good day everyone..
sell to close MSFT aug 26 puts,at .44 + 10 percent
bought msft aug 26 puts at .40
sell to close CSCO jan 09, 22.50 calls at + 3 percent
markets alittle fast today, bought CSCO jan 09 22.50's for 2.05
dex, i dont suppose you have in your library the book,,TRADING OPENING RANGE BREAKOUTS, do ya?
i had my pfe and intc calls up and ready to go, but pushed the intc sell button when i didnt want to sell it yet just because it was in the way of the other pfe positions, lol. loss - 1 percent
i like how the GE calls are responding, barely moving as the price is coming in a bit.
closed pfe aug 20 calls for + 18 percent
closed pfe jan 09, 20 calls for + 10 percent,
the jan calls i planned for the worst, the aug 20 calls i must admit i gambled that money and got lucky, i was hopeing for alittle more of a reaction than i got and didnt want to take the chance
pfe beat by a penny, and sold more lipitor than forcasted, perhaps my calls will be worth something today..its up in premarket, lets see if it can hold till market open.
Dim, what are the options saying to you on PFE? or is there not enough volume on put/calls or open interest, to determine a bias?
thanks pal
ben
bought just alittle of pfe aug 20 calls at .11, see everyone in the morning.
got cha, thanks dex
you like it better, and if so why?
tia
benn
lets see if i can pick up some MRK oct 40's low enough, it might be ready at 29 ish
closed GE sept calls at .76 for +10 percent, closed GE Dec. 29 calls at 1.42 for + 4 percent
bought GE sept 29 calls at .69, its fighting.
i put dell on my radar yesterday, and like the jan 09, 25 calls but cheaper of course..i might take a nibble today. Iam buying so far out to give the market some time to find direction which i believe ultimately will be upward. I could be wrong, sometimes cheap options are cheap for a reason.
iam looking to add to PFE, and GE calls that are 6 and 5 months out and achieveable targets by expiration, atleast i believe they are achieveable, i could be wrong. i sensed if i was going to commit money and my belief was take long positions, but i might have some downside to buy calls way out and add if i was given the opportunity to average down i would. and here we are already.
trade the blues, and diversify, and you will never be wiped out in one trade. hurt but not wiped out.
afternoon Bprice