Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
J8,
IMO, if it closes above 8.92 we will see prices well above 8.95, but selling in the green is always good, especially with an unpredictable Fed. GLTY!
I think the heel may be lifting
Did a little home work this weekend. Lowering my target to the lower 16s.
Looks like I was a little early; probably going to re-test 10.
Agree. If market can hold up, 10 isn't out of the question. GLTY!
Wish we could have avoided the gap, but great day none the less. GLTY, I see your green
Just doubled down at 10.18. Feel pretty good about it.
I'm looking to find that bottom, then I'm in. GLTY!
Honestly, haven't thought that far out. I'm looking for 12-15 in 2014.
Nice!
Time to go have a drink or two on S&W. Have a great night!
I'm loving it "Smith & Wesson Holding Corporation Reports Record First Quarter Fiscal 2013 Financial Results"
Couldn't agree more.
Yep again,
If war in Levant breaks out before the election, I think Romney has it in the bag.
Yep,
And we still have a new war right around the corner. I predict right after the elections, which will give S&W another shot in the arm.
Still waiting on 17s or lower. Nice technical break down today with a strong market.
It's been a good week. Was thinking about taking profits today and have decided to hold. Vol and price action the last couple of days suggesting SWHC wants to get back to ten. Good luct to all for .18 or better after the close!
Good day for BAC with great vol on this market reversal. IMO, if it gets through 8.40, it will make it to 9 near-term. GLTA!
Thanks Mark,
I was hoping to fill out the rest of my position in the low 7s, but starting to think we won't see it. With earnings on the 6th and estimates around .18, that will be a positive comparison with last July at .04. The question is whether or not the current estimate is too high? A miss could generate another buy opportunity and could fill that gap down to 7, but on the other hand SWHC has been on a trend of beating the estimates. If they manage to beat .18, then I think it trades back to the 10 level rapidly. If it were easy everyone would be doing it GLTY also!
Jett,
I agree with your assessment on CHK longer term, but due to the CHK technicals, overall market weakening, and seasonal NG factors I think we may see better prices near-term. CHK is trading between (getting squeezed at) its 50 day MA (18.70) and it's 200 day MA (20.78). It's also trading in a channel between 17 and 20.20 that started in early June. Another technical factor is the lower trend-line that started with the mid-May lows and now sits close to the 50 day MA. Combine the fact that we are in the NG inventory building phase; I'm watching the CHK support at the 18.70 to 18.85 level closely. IMO, if CHK falls below that support we will see a buy opportunity at 17. I'm not sure the overall market or any other catalysts at this time have the juice to push CHK above the 20.20 level, which IMO is where it needs to go to make my near-term 17 target go away. Disclosure: I have not and will not short CHK here, but rather looking to buy back in at a lower price.
I'm sensing a little exhaustion in the price action. Sold the rest of my 15 calls today and looking for a pull back.
Keeps chipping away on improved vol. With a little luck in the overall market, we may have left the 7's behind us. Time to start working on that 9 GLTA!
Bought back in today with 1/2 a position. Still a little worried about the open gap down to seven. If it fills, I think it will be fast and furious. Holding some dry powder. GLTA!
IMO, we will trade above 18 tomorrow and I will look to take profits on 1/2 my Calls close to the HOD. Don't know if we can get the gap filled this week, but the earnings report and forecast will help it go that direction. Hopefully CSCO will be a rule breaker, but I am cautiously alert to the fact that we left an open gap at 17.16 and the Aug/Sep max option pain is still 17. GLTY!
Technicals still breaking down. Good if your looking for an entry. I am, and will start nibbling in the mid to low 17s.
Scratching it's way back to 9.
Good day technically!
Now we can finally fill that gap. Congrats to all longs!
Sold 1/2 at 8.98. It's been a pretty good run. I think 10 is still in the cards after a bit of a pullback.
Sold at 20 a little while ago. Looking to re-enter when the gap down to 18.40 gets filled. Targeting Jan14 18 leaps below 4. GLTA!
Anyone else waiting on the sidelines besides me? I would love to see this dip below 16 before the fall? Thoughts and opinions appreciated.
Getting ready to ring the register. We should see 9 plus a little today. GTLA!
Would have liked to seen CSCO dip to 17.16 this morning and fill the recent gap. I think we close the day with a well defined hammer. CSCO typicaly responds well to the hammer, implying Monday could be a good day. CSCO started to fill that big gap from early May yesterday. I would like to think it finishes filling that gap ahead of earnings. GLTY!
"Chesapeake Energy in probe over alleged antitrust violations relating to Mich. land purchases"
http://finance.yahoo.com/news/chesapeake-energy-subject-antitrust-probe-143903733.html
Didn't see that coming. I think we still close above 20. GLTA!
"Technically 100 looks possible" that should have been a 10, not 100
Resitance at 7.76 stronger than I anticipated, plus anemic volume. GLTY!
Nice job,
I'm still holding 15s, but sold my 17s for about 35% profit. I think it can run to the 200 day ma (18.25ish), then I will be looking for a pull back to fill today's gap up. GLTY!
IMO if we can break though 20.19, we make it 21+ this run. GLTA!
Showing more strength today than most of the market. I plan to take half off the table at 9ish and hold the other half to 10. Technically 100 looks possible. How does the 2nd 1/2 of the year IMO, depends on the industrial market. Did we just bottom, or are we still bottoming? Data still not clear in my mind.