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Definitely opening lower.
I doubt it will give up all of yesterdays gains, but hopefully it fills some of the gap from the last couple of days.
What price did you get?
And I used proceeds from closing my RBAK long position!
I only brag about the stuff that works.
Call me a glutten... taking short pos here
Bot calls @ 14.79.
Will run at take out 17 by next week.
Any sign of weakness, I'm taking at least 25% profit off the table.
300% on the last run to 17. Makes up for the -75% on the AKAM surge.
Time to go long RBAK?
Hasn't participated in the rally, the last 2 days, but slow stochastics tell me so.
I make more money with RBAK than anything.
Think it's time again.
Guess you deleted that post, LOL?
It sure looked bad. This thing is unpredictable.
NICE!!!!!!!!!!!!
What's your target??
I'd be selling into any strength right now with any stock given the probablility of a slowdown. The plunge protection team is at work again IMHO.
Nice!! I am re-entering here to the short side, don't think it will get over the 20DMA
Closed under the 50DMA and looks like 20DMA will cross under the 50 shortly.
PP: Head and shoulders??
I covered this morning when the pps was 45.85, bot them back 20% lower now.
It did look strong in the teeth of the sell-off, but I have stayed put (no pun intended).
Hope you didn't take that position!
I should have shorted RBAK at 17 as well as closing my short position.
Yes and I bought more this AM near the HOD.
Still in a downtrend IMO...
Sold my calls in the upper 16s, but missed my 17 target. I've been on the RBAK sidelines since. CCI getting near that sub 100 number.
I went short with puts early on Friday. Almost covered near the low this morning. Seemed to have decent support around the 50MA, but weak overall, imo, with the strong NAZ. Looks to me that it's trending down, trading in the lower band. Think it will make a run at the low 44.77 from 10/20.
Where do you see it from here?
Looks to at least test the 50ma and lows from last week. Looks like shit no? Good short here? Trading on the lower band instead of the upper where it has been during this uptrend. Unable to get by the 20ma also.
PP- my $17 target, lol
Too bad I was away from my machine this afternoon to sell. Hopefully I'll have a chance tomorrow. Although, I think this run has another white stick in it.
correction:
meant to say top *is* within 50 cents
I got back in early this AM when it was red.
I like the stochastic turn. Showed alot of strength. Also the MACD wanted to cross and looks to be going the other way for now.
Even though bollie top is not within 50 cents, I like 17 within a week or two before a major reversal.
OK found you... posted on rbak forum. Looks like decent entry here. Stochastically at least.......
PP: re: AKAM, looks like decent entry here?
PP-- Ready for a breakout or pullback?
At the top of the band right now.
Well sure enough it bounce right from 200MA as predicted. I like the look of stochastics and am in for a run to 21
I'm thinking around 200MA ?
16, that was March's low too. Covered my puts way too early.
Well I had this all along...
Covered my puts today (a bit too early)
Now I'm scared to re-enter, even with the bottom bollie bounce today.
PP-- Whatya thinking?
RBAK ALA stealing IPTV from JNPR LR Link
http://www.lightreading.com/document.asp?doc_id=96277&site=globalcomm&WT.svl=news1_3
PP where do you get your charts? Are they free?
TIA
BTW I just got your PM from Wed. LOL
That was the 2nd highest close also.
Only six five cents from 4/26 (ER)
RBAK makes some of it's best moves on lower volume.
Nice call. Are you swing trading or just riding it out with your wife's shares?
PP, does the low vol concern you?
UBS - Today RBAK BUY
I see a possible double divergence top on slow stochastics. A little downside and K will cross D there again.
PP- Are you in right now?
We are above the bollie, have we broken out or do you think a pullback is necessary?
"It appears it may need to consolidate in this area for a while before gaining enough steam to push up into clear blue skies..."
So you are now on board now with my call re-entry? I'm sticking with somewhere between 21.75 and middle of Bollie. Don't think we'll see bollie bottom unless NAZ falls apart again. Totally agree that we are at the top of the band and RBAK never does well there.
Great analysis!
Bot MOT and AAPL calls this morning. So far so good!
Thanks for the great reply on wgat. Something I've been in and out of for years. It moves for a low vol stock.
BTW, I broke my put promise and bot this morning when it was up on low vol. Made .80/contract in a few hours. Not too shabby. I am *officially* done with rbak puts if I know what's good for me.
Thanks again!!
PS Drew bought another 380K shares of rbak through the IPO today. Could move things tomorrow?
No, I did my one time RBAK put thing and I'm too much of a wuss to naked short RBAK. I'll scoop up some more calls when the time is right. Now think around the 50MA? That is also where Drew picked his shares up. 21.70-21.75.
I want to be in cash right now as much as possible. I dabbled NEM as a gold play. Stochastics on gold told me it would spike. I bought calls when pps was 49.15 on Monday and sold yesterday 1/2 when pps was at 52.75 and then at 52.45. Made $1400 on only a $2100 investment.
Tell me what you think of wgat (if you feel like it). Appears way overbought, but busted through a 2.05 wall that it couldn't for some time and closed @ 2.08. I think big news is imminent.
Well done,
but...
I defintiely saw a larger breakdown. And think will test 22.20 at some point int he next week. Very nice job!!
Called yesterday's top
"I see 23.98 as a possible ST top."
Top of my bollie says 24.15, with stochastics nearing overbought. Could see a top around there, then a pullback if she backs off, perhaps to the middle of the bollie 22.20, right where she bounced yesterday.