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Got it - vinegar takes some time to make from rotten apples. I will go with Apr 19 $520 put then.
Cheers.
Thanks for the heads up! This sounds very good! Do we have a target for wave 5-3 down and approximate duration? I am asking because I am wondering whether to play Mar 7 or Mar 13 weekly puts.
Beautiful breakout to the upside! We should be in 5-3 now, no?!
Sounds good to me! So, we hit the lower trend line at 1830 on uplata's 60-min chart of the S&P500 (http://stockcharts.com/public/1226273/chartbook/165175544), and then reverse to the upside to test the upper trend line at 1846. This would be the third test of that upper trend line, so chances are we break to the upside from there. Sounds like a good game plan for next week!
Many thanks!
To me it looks like the upward move is over, and a new wave down has began (with near term target of 1786): we failed to make a new high on Fri and reversed at 1846. Or, we could be building a shelf in the range 1825 - 1846 before a breakout to the upside towards 1860. What are your thoughts?
That is good to know, thanks!
Have a great long weekend everyone!
I noticed that, so I switched to calls again. This uptrend is unstoppable! I think that they will run the market up to new ATH on Tue (1860-ish on the S&P), plus it is a big POMO day ($3.75-4.5B). The NASDAQ Composite was trading just 2 points shy of ATH earlier this AM before pulling back...
Thanks, I look forward to that! I sold my SPY calls before and close and bought puts. It has been a wild day!
To me it looks like wave 5 is over. Now we should see a trend reversal starting tomorrow.
Today they paid dividend, which is why the PPS is $1 lower. Someone wondered yesterday why the puts were so expensive and the calls cheaper - this is why. What used to be strike price at 181 is now at 180.
184.5 by Dec 17!
I think 134 held for now. IMHO we go up to about 152 over the next toe days or so, and then back down to fill the daily gap from July 26 at around 124.
I second that! Up to 155 first though, and then down to 134 over the next week or so.
First we test 171 and then bounce.
It is time for the green apple to turn red, possibly tomorrow when it hits $600... Even an apple cannot defy gravity.
This is what I was afraid of
http://www.zerohedge.com/news/isda-finds-greek-credit-event-has-occurred-reports-bloomberg
Watch out next week!
The official results of the bond-swap deal of Greek creditors. What we have so far are some unconfirmed rumors of 95% participation in the bond-swap deal.
I am sorry, but this is not a golden cross. We simply have 50 MA moving above the 100 MA (not the 200 MA for a golden cross to occur).
Anyway, big move (in either direction) is coming come 1am EST!
Excellent, I will watch for that. Thank you once again!
Thanks BT, I will. I am too heavily invested in physical silver, and it is important for me to know when to hedge again with some SLV puts.
Do you expect a big move to the downside, BT?
I am afraid that we are going down folks from this level... we have a declining 200-day MA on the daily, failure to clear the 33.45 level convincingly, all time low in the COMEX OI at 96,677 contracts, lowest sales of ASE for the year, etc. So, I am betting on the downside. And the latest COT report is not very bullish too...
If silver is at such "bargain" prices, then why the sales of ASE for the month of Nov the lowest for the year so far?
http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=sales&year=2011#SilverTotals
Makes you wonder, does not it?!
IMHO, the silver spot price follows similar setup to the Sep 23-28 crash - big up day (green candlestick) on Sep 15 followed by 'dark-cover' red candlestick on Sep 18, and then three days later BANG to the downside. So, if this pattern repeats again, the next crash will commence on Sun/Mon. $26 spot silver will be tested again.
Do not get me wrong folks, I love silver. I have over 4000oz of physical metal. But, since the 'crash landing'/correction started in early May, I hedge my holdings with SLV puts. Each time I make extra coin, I buy physical.
Good luck with your trades folks!
back to 30 in short order. GOLD gets a big hammer as we speak!
Not yet, IMHO. There will be a flush-out move down to about $24 (over the next 4-5 days), at which point I will go long.
It is time for another down-leg; this time my target is $23.75. Loaded on $28-strike weekly puts before the close.
This comparison is fascinating
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/draghi/tp%201_3.png
No, the numbers are not out yet. People are reacting on the MBIA positive news.
Ann Arbor, MI actually. They are less than 10 miles apart.
It looks to me this stock was shorted heavily a few years ago (late 2006 - early 2007) when the price was in the $400 range: there are simply no other heavy volume days since then. I see a MOASS coming; what we saw so far was just a warm up! Why?!
1. No shares are available to short now to bring the price down.
2. Stock has been traded by smart traders who know how to take profits wisely while pressing the blisters of the "old" shorts.
The chart says it all! The spark is in, now bring on the fire!
I do not want to make a prediction about the price forecast in the days-weeks to come, but I can feel that we are up for a wild ride! It is not only about fundamentals at this point. The TA will bring the PPS to much higher grounds: $80+ is not impossible given such a high short interest!
GLTA!
technical breakout... it was due
Very interesting read from
www.fresenius.se/internet/fag/com/faginpub.nsf/Content/P-Info+2010+02+24a
"Sales at APP Pharmaceuticals increased by 14% to US$889 million. APP Pharmaceuticals achieved significant sales growth of 18% in its product portfolio excluding Heparin in the fourth quarter, taking full year 2009 sales growth to 8%. Adjusted EBITDA** reached US$347 million. EBIT was US$273 million. EBIT includes a US$37 million non-cash charge related to the amortization of acquisition-related intangible assets. The EBIT margin was 30.7%. APP Pharmaceuticals received seven drug approvals from the U.S. Food and Drug Administration (FDA) in fiscal year 2009."
At the end, let us face it: the downside is $0.21 (if target EBITDA is not met), whereas the upside is $5.79 (!!!) I like the odds here!
GLTA!
Thanks!
Thanks!
Is buying CITpZ same as buying puts? In case of BK, CITpZ should go up to $25, correct?
TIA!
try CITpA
Wow, what a monster this has been today!!! AND it keeps going up AH!!!
No, I did not listen to the CC (I am on travel these days).
Here is a post from the Yahoo MB that sums it up:
Did anybody else listen to CC?
I mean instead of reading all the useless posts full of BS why don't you people learn how to do some decent DD?
I have listened carefully to this morning conference call to explain the termination of the agreement with Novartis.
Here is the link to Nexmed conference call:
http://www.nexmed.com/aboutUs/newsEvents.php
Simply the data from the European study were not quite the same at the China and US ones. For reasons they don't know, some of the parameters were changed, go figure and that is why things got screwed.
They will take back all of it from Novartis and then look forward to other collaborators to move forward. They said they also believed the termination was the best way to proceed because the patent on lamisil (Novartis) will expire soon and Novartis does not have a lot of interest in dermatological products.
They also said they obviously have gathered a LOT of clinical data all of which strongly demonstrates the efficacy of the Nexact delivery technology and also they have a patent on it valid until 2026.
They have enough cash (about 2.8 million $) which is enough for about ten months, they burn around 250.000$ a month.
The only question that was asked (don't remember the guy name) was about Femprox (topical for ED); they remain optimistic but nothing really will happen until September, meeting with FDA which should help solve the problems with the cancerogenic trials on transgenic mice.
I find pretty normal that the market reacted like this to the news, which is however not as bad as it sounds.
They do have a shot at getting the topical lamisil approved, the big question is if they can do so BEFORE they ran out of money.
Frankly as of now, I believe the stock will find a bottom and sit there until further news come out.
The CEO did not say anything at all about buyouts, news that came out as always on several blogs full of BS including this one.
So this is not the news I was hoping for, but I will hold onto my shares and once we get closer to September FDA meeting, I might add if prices are still attractive.
Entry is the 200 ma at 17.
Wiseguy
Wiseguy
Sentiment : Hold