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You did a roundtrip eh? Nicely done.
Looking @ a chart for SLV it really broke down @ 31 intraday. I'm looking for a bounce. Pure gamble. If I lose it all oh well. 30 Calls
I'd love to know where Max Pain is
Let's put that on the grill when the market has a rebound and if it lags then we know to get involved. We now have a trading plan if it keeps with that formula.
SLV: Did that person yesterday that had PUTS in it stay in? If so then Damn you're a Superstar. It has completely broken apart.
Good grief! Is there going to be any hint of a bounce in ANYTHING? Only Green I see are GR, due to buyout, and NFLX, a few upgrades.
In looking at a chart I'm curiouser and curiouser in putting a short in on a high flyer like GMCR, PCLN or AMZN and just let it sit.
GMCR looks like it's going to crosser over in the charts. Penny for your thoughts.
BAC got kicked in the nads
moved stop to 82.53 next Pivot Point is 81.49 in the daily chopfest that is the market
I think MIPS got an upgrade today
Short IWM buy to cover @ 82.53
We need a chat board. It's obvious that we all do this professionally and we could make a bundle having our ideas in live time bouncing back & forth.
Especially playing the weekly options on Fridays.
I'm down with however we could make this happen.
Komando : Good call on SINA
Yea, those crazy premiums puts me off of PCLN. Even the $460's that expire on Friday are at $5.40 per opt and, get this, that's where the $455's are as well. Odd
Yea, I just noticed that it had gotten quite a bit of volume spike towards the close. I posted when I got in and it was around $37.15 : I sold at $40 and change. Maybe buy in tomorrow.
I didn't even know what the company did until I checked after I saw the spike AH's LOL! I was checking to see what went on with DRYS and got pleasantly surprised by that instead.
Also congrats on PCLN. That did quite a dance so I'm certain you'll be smiling tomorrow.
Sold CTRP I guess it got a boost from PCLN or something. Hardly any volume AH but went up and I went out. Thank you very much, Next
PCLN tends to be a real mover in either direction. It's had quite a day today
tnx for telling me about that one...I'll probably pick up a few for shiggles
Thanks Langlui: DRYS to report earnings after the close
No, I lost his board a while back and just found it when I asked bc I saw that he said that he was leaving the Hub and if anyone needed to get in contact you would know.
So no, I haven't found his chat board. Or anyone elses for that matter.
Hey Langs: I never heard back from Invisible. I's wanting to get involved in online chat trades for livetime.
I bot CTRP & PMI
Would love to reshort that POS called TA on any and every bounce.
New to the board. Anyone in WTW PUTS? I've just been shorting it since it's huge gap up last week.
I've been in and out of this one for about 2 years. I wrote when it happened late last year. This is the most bizarre security I've traded. It'll have ridicules spreads. Dry up with no volume then maybe 3x a year it'll go crazy with relatively very little volume.
I'm not pumping this at all. I trade it for just what it is. There are great places to buy but you have to be very patient.
I haven't seen it get the volume that it's getting today in a very long while. We'll see what the week brings.
I know it's a shell but what's different with this one is that it doesn't take near as much powder to make it climb the walls.
Others like CINT take 30M shares to budge this one goes crazy with hardly any volume at all. With big volume I can't fathom to guess how far it'll go.
BOOM! HEADSHOT! It's a very low floater. Very little $ pushes this to infinity and beyond. I've seen Ask go to over $1 last year. Read my previous posts.
Langs: I'm trying to get in contact w/ Invisible Hand. Can you help me. TYIA
What is the Float for CENC? I've left no stone unturned and can't find it.
The O/S is supposed to be 335M but the float is obviously very tightly wrapped up as I'll explain below. Add to that you have some people reporting that their shares have been outright taken from them by their brokerages. This would obviously bring down the float.
On Dec 23 it went from .0003 to an over 1 year high of .0012 on just 8M shares traded. If you look you'll see that for the past 3 years more shares have been accumulated than sold. Typically in the .0003-.0005 range. With a huge move like that on such thin volume it's safe to say that much of the float is wrapped up in a lock. And on the 23rd that was the biggest move since Sept'09 on the least amount of volume since then when it went from .0001 to .002 on what looks like less than 1M shares. Since that time in late '09 what was once taking 35-45M shares to move it has dropped considerably. I'm showing accumulation starting in what looks like late '09 with 3 different dates reading as follows: It took 35M shares for it to move from .0002 to .0008 , 45M from .0005 to .0013 and nearly 35M from .0004 to .0015.
April of last year was the only odd man out being that around 18M only moved it from .0003 to .0005
Then it gets interesting
Fast forward to late Oct '10 and 10M moved it from .0003 to .0008
And as stated earlier on Dec 23rd only 8M moved it from .0003 to .0012
But I've noticed only recently that when volume has come in the Ask goes crazy: As high as $2 back in late November. Then one trader said that Level 2 was showing $1.50 Ask on the Dec 23rd volume spike. Which is quite frankly a terrible day to decide to have a volume spike being so close to Christmas since fewer active traders would be around to join the parade to continue the Momo but it is what it is.
Any news on this is greatly appreciated so I can determine how to proceed with this. I know that $1.50 would be crazy talk pipedream but with the Ask behaving the way it has been lately I'm trying to work a few things out that require an accurate float count before I move forward. TYIA and have a great trading year ahead.
Happy New Year to all.
Hope all had a boon year and that the new year will be even greater.
Someone posted where to get The American for free over a holiday sometime back. I went to it but they wanted a credit card. I'd like to post that www dot kickasstorrents dot com is a great site as well. And it's free w/o having to supply a credit card. Download the VLC player for free from download dot com and you're golden. Enjoy your weekend.
The Town(again) and Unstoppable are on my setlist for the morning.
And once again Happy New Year. See ya next year
This last time on Thursday it went the highest it's gone since Feb 08 on less than half the volume. Feb 08 was over 25M traded Thursday was less than 10M
Me thinks that the MMers don't have many shares to go around. That in part is with the intimidating crazy spreads that come into play. But the ridicules spreads have been going on for sometime now.
I've had the patience of Job on this one and have accumulated a knot waiting for my day in the sun.
Idiots. You can mark my previous post for posterity. The bid/ask will get closer but it'll take some time.
I'd rather those nimrods get out now than stick around and being the bidwackers on the next volume spike.
I've traded this one for over a year and have seen every trick in the deck for this one. What I hadn't seen until late November was the Ask go crazy and show $2 when someone bot 500K. I'll stick around for this one looking for a surprise come early next year.
What's Lvl 2 look like for this one now?
I saw it go from the high of .0012 to .003-.008. I don't see any sells at .0001 and firmly believe that it would be foolish to sell at those levels.
If this does like it has a history of doing then it will continue with a huge spread for a while. Then eventually the spreads will contract due to no volume.
Whoever made the volume spike chose the absolute worst timing. Between now and New Year there will be less volume on the markets as a whole and those that would have gotten in on the day of the rise to keep the momo going were in all likelihood enjoying the holidays and not in front of their trading screen. Maybe they were just accumulating for now in prep for a blast off early next year. .0003/.0004 is where it has a tendency to reside with no volume.
This is one of select few stocks that I've seen takes so little to move so much.
I've noticed this about this one for sometime now. It takes very little to push it.
This one needs a Monday run and it could gather some legs. Too many people close out positions on Friday. Plus it's holiday time so not as many people to join the parade of a volume push.
The yahoo board shows where someone had their shares "stolen". I believe the Outstanding on this one is very slim. No where near what OTC reports. Plus since it's a shell no shares have been dumped since last report.
Question: Looking for some clarity on this.
Yesterday after the news coming from Euroland I figured Euro would take a dive. And it did. I thought that $ would go to US Treasuries ie ZB. The US$ rallied but Treasuries took a hit. Now I said it was in a downward channel but that had, as far as I could figure, all the makings for a temporary rally. It did rally up to the Pivot Point then immediately retraced all the way down to the lower Pivot point below closing red for the day. And the $ didn't go to Gold or Silver IIRC so it had to go somewhere. Wouldn't going $ going to the US$ have to find it's way to Treasuries?
Not being a whiner just trying to make some sense out of this. TYIA
Went from one Pivot to the next
Absolutely refuses to go above pivot. Damn you ZB Break the Pivot!
Going against the grain of a downward channel with some ZB Calls for 30 year Bond bounce after yesterdays slaughter.
There's blood on the floor over at TLT
In CL Jan Puts for a daily
And Langs, I tried that strategy of trying to be a writer/seller of opts that I was holding for a cushion spread and it just sold them. LOL! It wasn't a loss but a learning experience.
TLT doing the dip dip dive LULZ! Busted through 93.50 last area of support
Did CL Puts for a quick trade. Not sure about that one though so I booked profits.
EDIT: No sooner I said it bounced back over 93.50. I'm out
CSCO: Welcome to the stock that can't find a bottom
That's one of the few, very few, that I hold long and this is how she treats me.
I kept eying that off and on throughout the day wanting to bounce but never got around to it...Maybe wait for a Gap fill. who knows.
Langs you ever mess around with the QQQQ's? That's been my stomping ground as of late. And I've been doing them like you said with GOOG. Still working my way around timing my orders. The huge volume blocks are pretty easy to track when to go long and vise versa.
You mind passing me details on how to get involved with IH's chat? I just saw that today and saw where he said you're in the know. TYIA
I'd like to wish all a Happy Thanksgiving and hope you have as good of time with your friends/family as you have good eats.
Enjoy the day and remember it's always good to drive with the windows down and fast to help sober up. J/K
Hey I just found this if anyone is interested. FXE for those that want to trade a stock/options in USD/EUR minus the pesky risk involved that I incurred with spot trading.
It reminds me of the poor souls still looking and smoking Hopium for the gap fill of NFLX & PCLN