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Hey big guy. Been lurking awhile but thought I'd stop in and say hi :)
How's trading been going for you?
Hey bud,
Haha I didn't know that Kyle just came back. I had been lurking for a little bit but thought I might as well stop in and say hi :)
Still in school - earning my MBA. Classes 3 days a week plus a full time job on top of trading. I don't know which girl I had mentioned back then but definitely not the same one now haha. It's good to be young ;)
How have you guys been?
Well it looks like I have some catchup reading to do to see what everyone's been up to :)
Thanks break!! I will take a look later tonight when I get the free time. Why do you believe they will have longer runs than most of the other ones?
Nice! I wasn't really even looking at them last week to be honest but saw that it continued to make higher highs and higher lows (another higher low was created today at 82.72). Looking for another higher high over 83.75!. That 50MA will be a tough one to break which is why I went July over June (perhaps should have extended it out a little further) but should be fun to see what happens!
cj - don't have pms but i'm not confident with buying right now. I think it's gonna drop again before the eod, I may purchase going into eod as I think 11.17 will be a level of support but with the long weekend coming and the amount of shorting thats going on (i believe) they will run this down going into close. If I do buy, I'll buy something in the money to reduce the risk.
Yeah I'm keeping my eye on it. There just isn't much support until 11.17 (a little bit) then the gap at 10.80. With the way it's trading, wouldn't be surprised if it tries to fill the gap. Too much pressure forcing it down which amazes me due to how many shares were traded above $11.95.
11.50 broke. Stock is being heavily manipulated right now. Takes 10 minutes of consisten buying to go up 3 cents and then drops 7 in the matter of seconds. Waiting on side lines for now.
11.50 has held for the last hour or so, lets see what happens for hte rest of the day.
I wanted 11.60 to hold. It had a sharp break below it so that becomes a point of resistance. 11.71 was the intraday resistance but now we have to combat with 11.60. I chalked it up to profit takers early but the bid just continues to get hammered. Someone is stacking the ask for 500,000 shares when it was getting to 11.71, makes me believe a whole new wave of shorts are on board.
Just kind of amazed at how far it dropped with the volume that we had yesterday and the amount of volume that traded over 11.95 (which was a resistance point that turned to support). 3x the normal volume yesterday and now we're about on track for a normal day today. Just kinda weird.
You watching the L2 on SD? Anytime it gets momentum going, someone sits on the ask with over 500k shares. That's not cool.
Let's see if SD can hold the 50MA and bounce
Just got back to the office (after close). I'm loving the way this is acting right now. The volume today was incredible and the amount of shares trading OVER $12.00 was awesome. I may be looking to sell my $12's tomorrow and pick up some $13's
Great job bud!
SD Absolutely incredible, way to go cj. Excellent pick! Broke through $12.00 up almost 12% today
SD new HOD, broke out of the downtrend it was in over the last month. $11.95 next resistance, break that and 12.87 is the next one on my radar.
SD attempting to knock on the door of the 50MA.
SD touched 11.21 and bounced, close to that 11.17 area we were talking about as resistance which has shown to be support so far.
Yeah I definitely wasn't expecting that news after hours (I'm sure no one was). I felt I made the right deicsion by holding off since it didn't break the key points that I was waiting for. If the news didn't come out it wouldn't have spiked so I'm happy with how I did. I figured there would have been a pullback and bought almost at the bottom. Happy with my purchase.
Good Luck!
Jumped into $12.00 June 18 calls on the pullback @ .34
Wow! I didn't see that one coming. Shot up after hours. Dang, if it didnt drop back under 10.80 going into close I would have bought. Ah oh well, time to monitor the action to pick my spot on entry.
SD chart
Techincals turning bullish, if it can break and hold above 10.82 then 11.17 I think we don't see the next resistance for awhile 50ma which imo shouldnt be much of a resistance. I say 10.82 because it's the middle bolli on the daily and if you look at the history, whenever it bounced it was off the middle bolli on the run up over the last few months. Sure it went above it today but closed beneath it. Resistances and supports can be elastic so that resistance is still there.
MACD just crossed positive
ADX - +DI going up, -DI going down, almost ready to cross each other
Sto headed back up
I'm going to do an annotated chart tonight for my own use to map out the trend lines and resistances / supports.
I may agree with you and say that June looks better than July but won't know until I sit down and have the time to map it out.
Thanks for your alert and input cj!
USO more than XOM. Watching the crude futures too.
Boochy,
Honestly I'm not sure. I'm thinking it's an error and considering there is almost no volume on the options I'm not surprised. I try to stay away from options that have almost no volume, maybe someone can give you better insight.
Couldn't close above the middle bolli. It dropped in the last 5 minutes of trading. If there is an opening dip tomorrow I may be looking to reduce risk and looking at Jul 16 calls. Def. like what I'm seeing though.
Gonna keep SD on radar, testing the middle bolli, if it bounces off may look at picking up some.
Great post CJ thanks for the start of some good DD
SD looking pretty solid. Has a few resistance points to break technically speaking. CJ do you know what the reason is for the consolidation period that happened and why do you expect it to make a move over the next month?
Nice one CJ! Did you get them sub .10 like you wanted to?
When doing a scan, MRNA came on my screen. A biotech company (I'm not too familiar with these) anyone know anything about it?
HRZ - chart play that I have my eye on, anyone know anything about it?
From what I read they have the option to exercise UP TO July 7th in which case it will become mandatory. I wonder how many warrants have already been exercised based on the way it's traded the past week or so and the selling that has occured? How many will hold to receive that 6% dividend? Should be interesting thats for sure!
Nice!!! That's the way to be AD!!
FCSC testing $1.40 again
FCSC testing $1.40 again
LVLT has been rocking lately. Alerted a few times previously on this board.
FCSC, looking pretty good this week so far. Pretty good DD done by everyone on the boards. Should be interesting to see how it leads up to the approval date.
AD - I had the GTC in but cancelled it around 12:00 P.M. and had to go and do work, didn't check back until about 4:15 P.M. I'm glad I did too haha! Def. wasn't expecting that