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3X: check out APRI (Apricus Biosciences). Nice breakout on solid news.
SPX and IWM. I am imagining the engineering of a “force majeure” scenario, demanding QE3.
In the present conditions, this stale market cannot be pushed higher for much longer. The increments in indices are now dismal and ridiculous, when compared with the drops of “da best” stocks on a day like Friday. But a serious drop of the whole market (intentionally unsupported by the camarilla) could be alarming. However, it should be easily explained by the journalistic WS lapdogs : “…This is mainly due to extraneous circumstances like the crisis in the Moslem World, the inflation and unrest in China, the fear of defaults in the Euro-zone which are only amplified by the Trade Unions defending absurd privileges, at home” - they would say.
This being the case, we need again the hand of the reincarnation of Alexander Hamilton, the legitimate spiritual son of the Maestro, to give us another QE blessing…And it should come right in time… before everybody could discard every single share of over-inflated garbage.
I am only trying to deduce a time-frame for what appears to be a logical series of linked future events.
Thus, the big Q is : is it NOW or THEY will engineer one more push UP to get short "comfortably"?
Ksbirddog: I always start with a daily chart, then I go to intraday charts for a longer period, up to 120 days (for 130 min and 60 min). Finally, I use 15 and 5 min charts for deciding in detail the entry point in a direction pre-established, in most cases, on daily charts.
You probably noticed the pre-market apathy on an OpEx day - if compared to the intense activity the morning of Jan OpEX…Nobody bothers to fix the futures exp.
Simplest explication could be found in the WS folklore: apathy = “smart fast money” left the market, expecting a new direction.
RBCN UP big time in pre-market!
Click above to read my call.
Nobody liked it?
Only if it drops a lot for no reason before close.
280
Nice! My LOTTO: CMG Feb C @0.30.
However, I sold in time, on Monday, MOS and APA calls!
This market looks like an endless succession of whipsaws!
Yep, they took some serious beating today!
My recent tech buys, in order of preference:
ENTG = breakout (Sq of 9)
RBCN = UP and close to a significant breakout (several indicators); liquid options.
VECO = UP after earnings (suspected shorts covering); liquid options
For that one, it is too early. We have to see what kind of reforms they will implement!
My Egyptian play: APA Mar 120calls.Target: 122.30
MOS breakout.
MOS Mar 90 calls. I am still negotiating the average price.
The Earnings Report of NANO was disgusting. They were trying to hide the truth in such a gauche manner, that it was clear that they missed, although the relevant figures were hidden under a pile of garbage. It looked like if Mubarak wrote it!!! So, I gambled on the up - down - up and bought more and finally sold everything for a profit.
Tomorrow it should go down to 16, where it might become interesting!
Wise advice Langy! Thanks!
NANO reports earnings today after market close. Big move is predictable.
Shall I sell or shall I keep? - that is the question.
Yes...Thanx 3X!
I know that monster very well! Chart coming soon!
Well, this is what I am hoping for!
I know. You notice that this time I avoided showing my chart?...LOL!
Gamble of the day: buy NVDA Mar 24 calls. If they go up, I might get serious and sell (to open) Feb 24 calls.