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I think the 13.50 mark will be tested soon before the next leg up - In the absense of the anticipated news and the macro scenario being red, it could even test the 12.50s.
In the past, when it broke the 13.50 (up), the chart extension suggested 14.90, HALO crossed that level for a while and hit the 15s before this pull back started.
Good luck.
I m not in the markets now. My only live position - NBG May 2014 $7 calls (4 fig bet riding on em steroids).
I saw ABIO on my phone as you mentioned . . Wow. Good news and it finally took off. I remember I mentioned it a few months back as a long term play, but I wasn't in it for a very long time, lol. Keep an eye on the warrants . . I believe they have some that can be exercised around 1.60, which kept the PPS below it for a while. Cant remember correctly now.
Speaking of long term . . The only long term stock I'd recommend to anyone is HALO. Its the only asset on which I have done proper DD. Wise to buy after each pull back.
Keep an eye on distressed assets from Greece. They will have large swings based on their economic recovery (or the lack thereof). Good for swing trades or people with a longer term outlook.
I hope you all are doing well. I m occupied with work . . Getting new contracts for 2014 summer now. Life's a bitch sometimes . . But cant complain coz of the $$$$. I will be free again very soon and join you guys. Missin the action already . . . I ll post (whether I m trading or not) when I do research on some tickers.
Good luck.
FB ripping and ripping . . . I am not playing today, but Damn, I can not imagine how em calls must be doing.
Great for the bulls.
If today's close is above the mid point of Friday's candle, then we can expect an upward movement soon (potential breakout of the 200 MA).
If not, then it may pull back and test the 8 EMA or mid BB. On iPad now, not seeing the chart exactly, just saying from what I remember from the last time I checked it on my computer.
I am going to sit on my May 2014 calls for a while (aiming for a multibagger on that). I will add only if it goes down a lot, else not.
I also have a smaller bearish position to hedge / protect my main investment.
I am new to this stock and the board. I wish everyone here good luck.
Smart move.
Bdw, are we expecting to hear some news around January ? I am guessing volatility on a macro scale as the Greek budget / default / surplus catalysts unfold ?
It mostly day trade, play the options that are 2 weeks out. I was just addressing your point about the options becoming worthless.
However with NBG, I chose to go with the May 2014 ones coz I am betting on some decent upside here and also considering the fact that this stock (having so much attention now) may be subject to periods of uncertainty (news, catalysts, etc) where it might pullback considerably or go sideways.
Chart looking good to me. Time period is another issue. I plan to sit on mine for a maximum period of 3 / 4 months from now. May sell sooner than that only if it goes up a few bucks after the 200 MA break.
If they are OTM, then the decay can kill your options if the stock goes sideways. Best to get the ones that have a few months to expiry if they are OTM. For shorter term goals, ATM or ITM gives the best results IMO. The decay becomes predominant when they are 50 days or less from expiry. That's why investors sell OTM options in the first place.
I bought some NBG May 2014 calls today. May add more if it dips. I believe that over the next few weeks / months, that stock can really go for it. The chart is an oversold beauty. Add to that the distressed nature of the Greek assets right now. There is a LOT of interest in these assets. Take a look at the open interest on the $6 and $7 calls (short and long term).
Good luck everyone.
Damn this thing ain't gonna pull back or what ? I am waiting patiently for my next entry.
Keep en eye on the stocks from Greece bud, they are distressed assets with potential for multibagger returns.
Don't forget to load up on HALO after it pulls back people. I called it here in the 9s. Now 15s in 2/3 months. That stock will be playing in the 20s and 30s next year IMO.
I ll be very happy if the PPS goes up a few bucks from here, coz then the options will be up 10x to 30x - If such a move happens, I will unload and reload on the next pull back.
A simple news or a technical breakout can do that.
The PPS itself has the potential to be multibagger if the micro/macro events align properly. That will be a dream situation, lol.
That was meant to be a reply to Rob for FNMA.
My iPad is being bi-polar today, don't know which post is going where, lol.
Actually, the chart is fine on that one - 2 legs already above the 1.50 mark - Reduced volume in consolidation / channel period after breakout - After a while, it will either go bust (break support in the mid 2s) or boom (break resistance in the low 3s)
The open interest in the calls are HUGE compared to the puts (usually bought to hedge IMO) - Many are bullish on this stock - This dip is due to the HSBC sell rating - I am expecting a LOT of upside on NBG over the next few months.
On the daily chart - Whenever it breaks the upper BB - It pulls back and then goes for it again
HS gave it a sell rating - That's good IMO - Will keep the price in check - I am loading the calls - May 2014 $7 strike for now - Will load lower ones if it tanks - And a small bearish position to hedge, that's all - I am going on a break for a while - NBG is gonna be my only holding for now (I also have a tiny bearish bet on TWTR).
News, however, trumps all - HSBC gave it a sell rating - Good for me - Keeps the price in check so that I can get em calls as cheap as possible - I loaded up some - Have more orders to be filled - Good luck everyone
With this stock - My focus is over a span of few weeks / months and not particularly today - If you are thinking about a very short period of time, then I would say look at a recent high (6.48 in Oct) and the 200 MA as potential resistance points - Breaking the 200 MA could set it on fire - Else it will consolidate for a while IMO
Are there any warrants / notes / etc or any factors that limit the PPS or put a ceiling to the stock price in any way ?
I did not get much time to read up on it - am very impressed with the NBG chart - Besides the macro scenario surrounding Greece assets at this point of time.
I am looking at some NBG calls right now (also a smaller bearish position to hedge). Planning to hold on them them for a while.
I may be taking a break soon. Need to get contracts for next year.
Good luck.
I don't want it to gap up too high - That'll make my calls expensive, lol - My fingers are on the trigger to get the May 2014 calls.
Planning to hold the calls for a while. I think this stock has some serious upside to it. One small pop and multibagger returns. Well worth the risk IMO.
I am looking at the May 2014 calls.
I was reading the option exercise guidelines for my broker - It seems like all ITM options are exercised automatically (ITM by 0.01 or more) - For my broker (Questrade - Canada) in particular, there is a 3pm ET (Friday) deadline - Is this a standard practice everywhere ?
Oops. Typo there.
'Good luck' not 'goof' . . Ha ha.
I didn't get a chance to touch FB again today. Will play next week. Chart is looking good for now. Just needs to break the mid BB (daily) to get it legs back again.
I have Questrade (Canada). I wouldn't recommend it though (switching next year).
GL
I might consider again EOD.
I bought the Nov 29 $47 calls for 0.08 last day on the intraday dip - Held on to them coz it broke the 8 EMA + Closed above mid point of the red candle on Monday - My intention was to sell the AM pop today - Sold those calls at 0.20 today on that 1st intraday wave.
FB is now above that blue dotted line (on my previously posted daily chart which was resistance line on that descending triangle formation) - So that's a good thing for the short term - I am expecting it to meet resistance at the mid BB - If it can overcome that resistance (close above it someday), I will get some weekly calls again (one strike OTM).
As you can see, I daytrade. The only stock I ever picked for an investment is HAL* (found it at 9s, now 15s).
I wish you all goof luck with FB. I know nothing about it beyond the charts, so daytrading it.
TSLA target $133 today
Just like I thought - Previous close was above the 8 EMA - So we got the AM pop - I am out for now - Will be back later.
This is a stock to swing trade at best IMO - Not something to buy and hold onto forever - See the runs of SCT* and similar ones before 2008 - These cult stocks (the ones that defy fundamentals / valuation) all move like that - They swell up and reach ridiculous market caps and then one day BAMN, bubble bursts - It has already happened once - No guarantee that it wont happen again - One bad news and shi* hits the fan.
Simple trading plan - When bullish - Teases the upper BB, rides on mid BB - That defines good entry / exit points - Each stock likes certain MAs / EMAs / Crossovers - That run stopped for TSLA when it broke (down) the $175 mark after hitting the $190s - Chart was damaged then - After that it was all downhill.
See all the previous breakouts - The breakout (resistance) levels became support - 166, 136, 158, 175 - Example, 158 was resistance after earnings, then the stock retraced down to 136, then up to 158 and broke it, hit 175, then retrace to 158 which became SUPPORT, then stock goes for a new waves breaks 175 and hits the next extension 195, THEN to maintain this trend it should've held 175 as support, which it did not, that's a CLEAR sign of chart damage.
Now if there is some pumping news - upgrades, etc - Buy rating - Then PPS can climb - Good for swing trades - If bad news hits, then it will go down again - Chart is broken - Always easier to play when chart is intact - The easy money has been made - Both for smart longs and smart shorts - Now the chart is all messed up - Hope it becomes normal again - Was always great to trade - Especially the options.
Good luck everyone and happy thanksgiving.
That has happened to me also before - If I buy the stock now - I use a $2 trl stop on the momo days - Or the dist between the mid BB and upper BB on the 5 min chart - The latter is a better choice IMO
Closed above the 8 EMA after a long time - Things may get interesting now - Expecting a gap up on the next trading session (barring any shitty news, or the holiday effect playing any role, lol).
The Deutsche Bank article helped the PPS today - near term calls went nuts.
If today's close is above the 8 EMA or last Monday's open - We're gonna see a gap up on the next trading session - Thereafter, the 8 EMA needs to hold as support for further upward movement.
If the 8 EMA becomes resistance now - Then FB may test support again.
Happy thanksgiving everyone.
HALO - Technical Perspective
In this post - I will take a look at the daily and weekly charts.
HALO has been holding up near its 52 week highs now - The chart is a little stretched and is calling for a pullback - However, NEWS trumps all - The MabTheraSC news is pending - In that anticipation, investors / traders are holding onto their lots - If the news is positive, I expect HALO to rise a bit and THEN have a much awaited pull back.
Now, keeping the news factor ASIDE, lets look at the daily chart - Accu/Dist is boiling and HOLDING its levels - So is the stoch - RSI has a bit more room (Its currently about 71, on the news pop, I expect RSI to hit 81 before the pull back) - Support levels to lookout for (13.50 - which was a previous high and may become support now, 12.50 - which was a recent high, in any event, I dont expect to see a PPS that goes below the lower BB, unless of course, there is some negative news).
Considering the weekly chart - Here is where we can see the 'really stretched' nature - On a pull back, HALO may test the blue line - On some negative news, HALO might even test the green one - If the stock decides to go sideways (in the prolonged absence of news after these current catalysts get over), I expect HALO to ride the mid BB on the weekly chart as support - On this chart, RSI (currently 61) may hit a high of 63 (if Mabthera news is positive) before the pull back - Note that I use a custom MACD (all buy signals dating back to May 2012 have been accurate as HALO has gone up on the weekly after the triggers) - If one goes by the retrace levels on the weekly charts, the values are 12.83, 11.61 and 10.64.
For the longer term, I expect HALO to trade in a market cap range of 2-5 B (1-3 years respectively from now)
Halozyme Therapeutics To Present At The Piper Jaffray Healthcare Conference
SAN DIEGO, Nov. 26, 2013 /PRNewswire/ -- Halozyme Therapeutics, Inc. (HALO) will be presenting at the Piper Jaffray Healthcare Conference in New York on Tuesday, December 3, 2013 at 12:00 p.m. ET/9:00 a.m. PT. Gregory I. Frost, Ph.D., President and Chief Executive Officer, Halozyme Therapeutics, will provide a corporate overview.
(Logo: http://photos.prnewswire.com/prnh/20100302/LA63139LOGO)
The presentation will be webcast through the "Investors" section of Halozyme's corporate website at www.halozyme.com, and a recording will be made available for 90 days following the event. To access the live webcast, please log on to Halozyme's website approximately 15 minutes prior to the presentation to register and download any necessary audio software.
Updated FB chart.
It closed above that key level (bold dotted green line) - Thus showing some strength - Buyers took this opportunity to scoop up cheap shares.
Today's green candle also closed above the mid point of yesterday's red candle - Another positive sign.
However, for confirmation of northward movement, we need to see FB close above that blue dotted line (for now) - and close above 50.00 (to maintain the long term uptrend).
Oh . . by cheap stocks, besides the PPS, I also meant the very small cap ones. I used to love them (especially the low floaters) coz they moved a LOT. With more and more money over time, you will want to take trades with better risk/reward evaluations, and thus avoid the stocks that are very volatile.
Glad to see that you have done well. When I was new (in March), I lost over half my a/c in one trade. It was not a lot of money for me, but I got upset and I wanted to DO IT RIGHT. Ever since then I just want to be good at it, that's all. From May I started again and did very well. I dont take any money out of my a/c (I dont think I will do for a long time either). I just want to be better at this every day and work on my strategies, etc. Trading is very addictive too - It eats away from my main work schedule - But I enjoy it.
Did anyone play IPCI lately ? Damn its up a lot. I posted about it yesterday AM (long biased) - found it last Friday - I got occupied with other things and didnt track it as well.
MBIS is today's day trade pick. I found it earlier but I am not looking into those kinda plays nowadays.
I am most likely done for the day.
If you wish to learn about options, you can see some introductory videos on youtube by E Trade - They explain the definitions of each term very well - Even investopedia.com is good for that stuff.
After that you just gotta watch the real time quotes for calls and puts on your broker platform.
One has to understand how the premiums move with the stock. It is affected by various things, which include, but are not limited too, how much they are away from the money and how much they are away from expiry.
Thus the assumption that calls or puts will always go up or down if the stock moves up or down respectively, may not be true.
Choosing the RIGHT option is the MOST important thing.
I know all of you here enjoy playing cheap stocks (coz everyone thinks they move a LOT) - But trust me - One day or the other, you will have to venture into the bigger (larger market cap stocks) - They are less volatile, but MORE preditable - Their OPTIONS are as volatile (if not more) than the cheap stocks, THATS THE KEY IMO - FB puts went up over 100% when it fell off the cliff earlier this AM - Stock was down less than 3% by that time - Just an example - Now it turned around and calls are going bananas - This FB example was just for daytrading (which I am doing now) - For investing or swing trading one has to look into different kind of options (small to mid cap companies) - I called HALO here when it was in the 9s - It was the ONLY stock I ever recommended to anyone for investment purposes - Its up over 50% in 3 months, I didnt play options back then - Would have made a HUGE bank on the longer term ones - I will invest in HALO once the catalysts are over and it pulls back to my liking.
Wow. I am glad I sold those puts for a profit - FB bounced crazy intraday - Somewhere in the $45.XX region (posted on my chart earlier) is a key level - If it can break that (up), we may see some green days - If not, then it searches for new support again - I 'll play for the short term accordingly
Now I am glad I sold those FB puts - It just bounced and went crazy - See the 5 min chart - One is never poor by taking profits - 45.20 (approx) is a key level for FB - If it can't break that, it will go down again IMO
Nice day for me. Made a 73% profit playing FB puts. I took profits a little early, it went up over 130% from where I bought, oh well.
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I had posted about the descending triangle breakdown here on the ATS board (first thing in the morning) yesterday. Big boards set up REAL nice with chart patterns.
TSLA is also searching for a new support (posted before).
I am sitting patiently with my TWTR puts - Going for 'da kill' on that one (I have Dec 21 Strike $35) - I am REALLY amazed at how that bubble is still holding up - Not much buying volume on it, just the MMs man . .