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DFS [NYSE] Discover Financial Services
Financial | Credit Services | USA
DFS [NYSE] Discover Financial Services
Financial | Credit Services | USA
Bought & Sold F Feb 6(W) 14C +19.80% in 18 daze
Wait/Watch:
COUP: Bottom Buster
CRK: Pincher
CVX: Bottom Buster
DFS: Pincher
DWA: Bottom Buster
OCN: Pincher
SNDK: Pincher
XOM: Bottom Buster
Still holding:
F shares 16.58 #msg-106378145
Bought & Sold F Feb 6(W) 14C +54.88% in 3 daze (chart below-- Intraday 5min Pincher)
Still holding:
F shares 16.58 #msg-106378145
Good Morning charger The activity here has dwindled down quite a bit from the past 5 years. domain311 decided to concentrate on his business a while back-- he certainly has been missed as I learned a few techniques from his sharing.
Thanks for posting-- feel free to share anytime
Catching up:
Expired IBM Dec 5(W) 165C -100% in 24 daze (no post-- stalled Pincher chart)
Bought (12/15) & Sold (12/23) F Jan 9(W) +65.52% in 8 daze (no post-- Intraday 5min Pincher)
Sold RCAP shares +9.37% in 47 daze #msg-108304230
Still holding:
F shares 16.58 #msg-106378145
You're welcome Sam-- really hope it turns out well for you! Albeit a short session Friday didn't get the buy volume conviction one would like to see, the Money Flow chart looks hopeful for tomorrow's session.
GLTU
3 out of 4 ain't bad MassP-- congrats I work with the chart as much as I can-- but I am like you in a desire to close trades within a few sessions. I do have a time cap on the options trades although I have rolled a few losing positions to gain more time. If I have shares, I have more leeway and can hold for a few months though (i.e. I am in F since the end of August)
Continued good luck to you
Yuck sorry Sam The good news is that the Money Flow 3 cycle out is bottoming. The Money Flow rules I follow WRT OTC stocks (FTR I only sparsely trade them anymore):
--Watch MFI 21 push up threw the 50 line. This is the realm of "smart money." Setup is MFI 21 > 50.
--Then the next MFI 3 cycle up begins the P&D clock if CMF 3 (ask slappers AKA retail) is also up and 5,15,0 PVO (volume) flips w/ buy volume causing the increase.
--ChiOsc (money momentum) needs to either be green or begin to move to green.
More detailed explanation of Money Flow TA here: #msg-72504953
In DROP's case, I don't know what is causing drop as I have only scanned the board briefly. If you compare this movement with the last Pincher setup in May, you might have to wait through a few false starts
The other Money Flow indicator to "watch for" is Raw money flow. Some brokerages have the indicator available on its charts, Bigcharts.com has it too but Stockcharts.com does not. I use Raw money flow for intraday monitoring on five down to one minute charts.
Very nice MassP Do you trade short-term cycles? I like BABA's positioning for a long trade and the other 3's downturn looks to be decelerating FWIW
(Save for NFLX duly noting an analyst downgrade this morning)
Rolled IBM Dec 5(W) 165C (0.30 credit; no post-- stalled Pincher chart)
Still holding:
F shares 16.58 #msg-106378145
IBM Dec 5(W) 165C 1.67 (no post-- stalled Pincher chart)
RCAP shares 11.96 #msg-108304230
BABA [NYSE] Alibaba Group Holding Limited
Services | Specialty Retail, Other | China
Based off charger Bottom Buster scan.
TSLA [NASD] Tesla Motors Inc
Consumer Goods | Auto Manufacturers - Major | USA
NFLX [NASD] Netflix Inc
Services | CATV Systems | USA
BB Pincher is a TA Setup looking for a turn/bounce off the lower-BB. Key TA is compression/release of:
(1.) %B (thru EMA 5)
(2.) ADX 3 downturn
Also;
(3.) TRIX 3 movement up thru TRIX 7 (key to confirm)
(4.) CMF 3 up thru signal line
(5.) The Aroons (8) to be moving in the right direction (for ultimate green-red crossover)
(6.) Inverted MACD calibrated to previous BB Pincher confirmations for MACD green-red crossover
Thank you MassP and welcome I have 4 different long chart setups: default (has both Money Flow and Standard TA indicators); "Bottom Buster" (borrowed from charger); Bollie Pincher (Bollinger Band chart looking for bounce off bottom BB); and the Standard Pincher (ADX/PPO chart that comes from the Pincher board).
I'll try to fit your picks into 1 of these setups. Are you long on these (shares/options) or looking to get into a position?
Sold KND Dec 17.5C +23.08% in 3 daze #msg-108387051
Still holding:
F shares 16.58 #msg-106378145
IBM Nov 28(W) 162.5C 1.97 (no post-- stalled Pincher chart)
RCAP shares 11.96 #msg-108304230
I've come to the conclusion that being willing to take smaller gains in options (but still comparatively larger than share gains) in this market helps to maintain a nice win % (> 80%). I also like ITM options because the premium to intrinsic gap is narrower and the probability of worthless expiration decreases.
(DVN looks like it wants to run into the close )
ah gotcha-- nice call on the weekly chart Jan 65C on the bid looks like a steal @ 1.60
Excellent Sam I've never rolled a winning position but have been quite successful flipping F weeklies since the drop to the $13 level.
I have rolled losing positions w/ about a 50% success in turning them into winners.
Non-Pincher looks I got into KND Dec 17.5C yesterday & missed an entry on TJX today (will look again tomorrow).
For Pinchers I am monitoring MGI (but not a fan of the company) & TRIP (today's doji gives me pause).
Good luck w/ DROP. My experience tells me OTC Pinchers are still controlled by momentum pushers for the most part and a Money Flow chart tells me they are still selling into any demand being generated (check out 3 and 21 period MFI).
Thanks for the alert/chart interloper I had let LL off my watch during the flat recovery. I like the company and the options volume is decent enough. Are you looking for a gap break?
KND [NYSE] Kindred Healthcare Inc
Healthcare | Long-Term Care Facilities | USA
Based off charger Bottom Buster scan. Got in yesterday on Dec 17.5C @ 2.60 w/ init tgt @ 21.60 (equates to sell estimated intrinsic @ 4.10)
KND [NYSE] Kindred Healthcare Inc
Healthcare | Long-Term Care Facilities | USA
Based off charger Bottom Buster scan. Got in yesterday on Dec 17.5C @ 2.60 w/ init tgt @ 21.60 (equates to sell estimated intrinsic @ 4.10)
RCAP [NYSE] RCS Capital Corporation
Financial | Investment Brokerage - National | USA
Tried for Dec 10C but missed the entry. Majority of movement came after 2PM. Lighter volume in options; may switch to shares tomorrow.
RCAP [NYSE] RCS Capital Corporation
Financial | Investment Brokerage - National | USA
Tried for Dec 10C but missed the entry. Majority of movement came after 2PM. Lighter volume in options; may switch to shares tomorrow.
Sold F Nov 14C +26.21% in 4 daze #msg-106378145
Still holding:
F shares 16.58 #msg-106378145
Sold GDX Nov 16C +13.31% in 3 daze #msg-108060315
Still holding:
F Nov 14C (11/13) 1.03 #msg-106378145
F shares 16.58 #msg-106378145
Hi SamLBInj Nice chart on SLV. I think a few trade options with Pinchers-- I do for all Inverse Pinchers and for most of the traditional when I feel there's enough liquidity in the calls. I like ITM -vs- OTM and if I am more skeptical of the stock, I like deeper ITM. I also try to buy further out-- i.e. the following week for weeklies...
... I like SLV Nov 22 14 or 14.5Cs
GDX [NYSE] Market Vectors Gold Miners ETF
Financial | Exchange Traded Fund | USA
Not a fan of ETF behavior in Pincher setups; but I find it hard to ignore precious metals' potential for a bounce.
Decided to go deeper ITM calls to help mitigate loss risk-- in Nov 22 16C @ 2.48 w/ initial tgt $19.20
GDX [NYSE] Market Vectors Gold Miners ETF
Financial | Exchange Traded Fund | USA
Not a fan of ETF behavior in Pincher setups; but I find it hard to ignore precious metals' potential for a bounce.
Decided to go deeper ITM calls to help mitigate loss risk-- in Nov 22 16C @ 2.48 w/ initial tgt $19.20
Flipped PNRA Nov 165C +18.68% in ~5 hours #msg-107843897
Still holding:
F shares 16.58 #msg-106378145
Well then I am pleased to have unintentionally provided a bit of entertainment
Assuming negative reactions to my postings has unfortunately become a habit over the years...
... I do sincerely wish you well Posiden
I am not forgetting about any shares. Unfortunately-- with all due respect -- the 870k share suggested dilution is the result of sloppy analysis as the 2nd reference in that very post refutes the theory suggested by the first.
75,158,770 + 4,370,485 = 79,529,255
"... As of the date hereof the authorized capital stock of the Company consists of (i) 80,000,000 shares of Common Stock, of which, 79,529,254 are issued and outstanding ..."
Date of Report (Date of Earliest Event Reported): September 24, 2014 (September 23, 2014)
So they were issued and outstanding prior to the RS-- so naturally then this assessment, using that bogus theory, was 100% wrong:
"... So these shares have been sold since 10.06, and, that's why the stock felt (sic) from .65 to these levels, and, was not able to run. Now all is very clear. ..."
#msg-107771124
You mean the next days before the 10Q filing (which currently leans towards a neutral to negative event) or after the contractual restrictions are lifted on the Underlying Commons to the Preferreds (which brings the share selling watch to a new level)?
Money Flow Chart with Risk Reduction (read: increased sell pressure) Zones added (#msg-107790256 ):
What part of artificial momentum generation was unclear?
Raw Money Flow is net out not in.
Money Flow will not turn into net "in" unless the momentum is picked up via persistent volume:time, not sporadic dumping into a partially propped up bid.
"... artificial momentum is being generated for a short-term push (with/without pump) to generate a pop and a dump into the false "breakout" ..."
This is clear in recent days; but duly noting it involves analysis just a smidge beyond employing chart-KISS & incorrectly suggesting dilution
There was a "T" trade @ 0.30 and a dump of 30k shares @ 0.30. Most likely there is a seller @ 0.30 with supporting trading activity during the morning session.
That's not a breakout.
A run without news in an OTC stock typically means some form of artificial momentum is being generated for a short-term push (with/without pump) to generate a pop and a dump into the false "breakout"
Flipped PNRA Nov 165C +30.30% in ~30 min #msg-107843897
Still holding:
F shares 16.58 #msg-106378145
Flipped TWTR Nov 7(W) 40C +44.10% in 1 daze #msg-107843720
Still holding:
F shares 16.58 #msg-106378145
PNRA [NASD] Panera Bread Company
Services | Specialty Eateries | USA
Based off charger Bottom Buster scan.
Attempted to enter Nov 160C @ 3.80 w/ no fill. Like the longer term potential here w/ near-term Golden Cross