Ad astra per aspera...
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PipBoy, good ol' friend, how ya doing?
Thanks for info. Might be bouncing at some point maybe, but could go some lower first. On watch tomorrow and next days
Just posted chart, do you know what's going on?
SPY: Quite the gap + trap ;) The gap up made no sense anyway.
What else is new? ;) - Earnings plays usually not sexy anymore. If you're lucky you can get 50-100% in case you're right on the bet and after the premium erosion the morning after.
One more time: Why do you keep private-message me when you know I can't reply and i dont use a subscription? If you have anything to say about the stocks i'm in or not can you do so please publicly and stop PM'ing me?
Thank you
Got some BAC 7 W Puts for .12 / Sold SINA lotto W .80 at .36 (from .24)
SINA back to positive and gapping up despite little SPY doom
I'm sure the Facebook IPO hype will continue tomorrow driving up these china social POS sites ;)
CALLS / PUTS next week - Looking into:
CALLS:
SINA: (assuming the break out/ squeeze continues), chart looks good for more and the Facebook IPO hype will drive it up some more along other social network stocks: http://stockcharts.com/h-sc/ui?s=sina
BIDU: Should continue more as well on what I just mentioned above. Lot of hype surrounding FB IPO and also Baidu earnings which analysts say will be up by 80%+: http://stockcharts.com/h-sc/ui?s=bidu
GLD: I think we'll see 175 next week possibly, as Copter-Ben has his printing presses running: http://stockcharts.com/h-sc/ui?s=gld
GOOG: Looks like bouncing off the ma200. Depending on the general market next week it could partially fill that gap above? Maybe 605-615 to ma50?: http://stockcharts.com/h-sc/ui?s=goog
PUTS:
IBM: Has a nice pattern going on, looks like on this wave we could see 185 and maybe even lower to fill the gap to 182's: http://stockcharts.com/h-sc/ui?s=ibm
BAC: The chart seems to be rolling over but i'm not completely sure if it's time for Puts yet, it's very close to filling that gap to almost 8.00 but it also could roll-over back down: http://stockcharts.com/h-sc/ui?s=bac
CAT: I wonder if it's time for Puts now? Looks like it reached a peak for now short term: http://stockcharts.com/h-sc/ui?s=cat
PCLN: Maybe a short-term correction possible to low 505 (ma200) before a new wave into earnings?: http://stockcharts.com/h-sc/ui?s=pcln
Do you speak of experience? Have you tried with bigger $ before? But yes I agree it seems that somehow with more $ it always turns against you but with smaller $ you get those 5-10 baggers more often.
Amazing, congrats. You make those "few hundred into few thousands" look so easy...
I had SINA W70 C from .05 yesterday (580 bucks), sold .20, wish I held for 1.00+ woulda been $580 into almost $12k.
Picked up SINA next week W80 C for .24 (now already almost 100%), maybe 5-10 bagger possible.
I hope she can break out with another big white candle and squeeze some more shorts:
Have a great weekend all and never give up!
Even if you think your Options expire worthless, it can suddenly turn into a 10-20 bagger (see SINA), lol
LOL!
SINA Jan27'12 $67.50c +35,400%
i love capitalism!!!
This happens often. We don't stick to our guns and at the end we end up being right. For example: I called GLD earlier this week to hit and close the 167's gap, then I sell for small loss as it dipped and didn't seem to move and i thought "ok i'm wrong on this one, next!" and next day it suddenly rips and closes almost 169's today.
I left a 5-10 bagger on the table in GLD.
It can be frustrating at times.
You really think it's the "evil MM's" legend and that there's a conspiracy of market makers that can control the stocks like that?
I usually think there are other factors. In SINA for example it was influenced by BIDU's run before earnings Monday which are expected to be positive. Generally these two influence each other.
So there were many shorts covering in SINA and then it triggered a squeeze.
BIDU Baidu Earnings Expected to Jump 82%, Analysts Say: http://news.investors.com/Article/599166/201201271154/baidu-earnings-sales-seen-rising-80-plus.htm?ven=yahoocp,yahoo
This will be great for SINA as well.
BIDU is pushing SINA and the latter is coming off oversold levels since like 2 weeks and is reversing back up.
These happen when you don't expect it usually. That's why often it pays off holding Options into expiration day (instead of selling for loss, if it's already at like .01-.03) because you never know there might be a huge break out.
I had those W 70 Calls in SINA at .05 yesterday and was expecting it to go worthless only to see it waking from the dead and go to 1.00+, wish i have had the balls to hold for 1.00 instead of selling at .20 but it's just so tricky and never know where exactly it tops out. Happy though that I was able to get out with a nice profit instead of expiring worthless but yes a 20 bagga would've been sweet to end the week with ;)
This is why we love Options
Those NFLX W 110 Calls you got at 2.17 hit like 14.00 today (but yes, would've been risky to hold them to expiration day). NFLX had a nice anti-Cramer effect. He told his viewers to sell/ avoid Netflix and now it rips to 124's
SINA: OMFG UNBELIEVABLE! Those W 65-67.5 Calls up today from .01/.02 to like 4.00-6.00 20,000%-40,000%???!!!
I had W 70 Calls yesterday from .05 for 580 bucks, i can't believe i sold them earlier at .20 and chickened out before they hit 1.00+, coulda been $580 into $11k+! UNREAL! We were just speaking about 10-20 baggers earlier and SINA decides to bring us some!
I picked up some next week's W 80 lottos at .24 just in case (now almost 100%), if BIDU has positive earnings report then SINA will break out more next week.
Chart is in full break out mode now, out of the descending downtrend of previous tops:
"Greedy Anonymous Option-traderholics"
SINA breaking out
Good luck with that...
The picture i,m looking at is turn $500 in 10k in one play.
Wow Jenna, you're in quite many Options! How do you manage monitoring all of the stocks and the Options prices you own? ;)
We all are trying to be in those 5-10 baggers and we do kick ourselves metaphorically when we sell for 50-100% and see it going 500-1000% but i can tell you that only and only looking for 5-10 baggers all the time can be fatal in the long run.
I'm not here to tell you what to do tho, it's your $ you're trading with.
All good.
Good luck ;)
Buddy, just my opinion: That's not a good mindset, especially if you're just starting out trading Options, even if you're doing it for a while. Saying only 5-10 baggers nothing less can be fatal.
We have to learn to take 50-100% more often.
I lost 1k of profit this week because sold to early.I want 5-10 baggers.Nothing less!!!
While we turn 6400 into 640, lmao
Wow Jenna, congrats! A 10-bagger!
NFLX - The Jim Cramer Effect: Good ol' Jimmy told his viewers to "Avoid/ Sell Netflix" yesterday and now it rips to 120's. I wouldn't be surprised if it goes back to 300's where good ol' Cramer said "BUY BUY BUY NETFLIX!" before the big crash came upon...
Recently we of course remember how he told his viewers to sell PCLN in the 440's (usual bottoms) and now it went back to 530 again.
Oh yeah and of course AAPL: Telling his viewers to sell Apple and then it shoots 450 on earnings.
DMND
Noooo, I hope GLD crashes big time today ;) now that I picked up some lotto W 164 Puts.
Still kicking myself for having sold my GLD Calls a day before GLD took of to da moon. Left a 5+ bagger on the table.
This is one of the worst things in Options, when it seems like it's moving nowhere and you sell even/ small loss to get out "rather safe than sorry" and then a face-ripping rally kicks in on FOMC.
SPY: I wanna see some doom finally! It's about time, enough of these happy endings all the time! LET IT CRASH FOR ONCE, I WANNA SEE SOME BIG RED CANDLES :)
Very nice ubp, you got a next 3-10+ bagger in sight? :)
MA: Just upgraded to 418, now let's hope this POS runs again: http://www.schaeffersresearch.com/commentary/content/upgrades+downgrades+dps+chk+gmcr+ma+and+stp/trading_floor_blog.aspx?blogid=109738&single=true
My last post, out for today.
Still frustrated i sold GLD W 167 Calls and then next day it suddenly rips and hits 168 today. A 5-8 bagger left on the table.
Luck is not on my side this week :(
AAPL: No love from Wall-street. If it was trading with the P/E of AMZN's it would be at almost 3000. - You'd think with this growth, earnings/ nr's it would be over 500 already or at least hold that 460's spike from earnings-AH.
It's crazy how undervalued the stock is at these levels. Probably the only one of the big ones that is actually undervalued even at these levels.