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Bought some calls on ZEUS in the paper account. Hate having to pay the ask.
Ended up having to pay .60 for those qqqvl puts too. Virtual trading doesn't let you slip in at the bid, although not much went thru @ .055
I was telling you about those ISLE calls I just sold. Sold them too early! errggg. Oh well I guess. I profited nicely. Just jumped ship too soon.
hmmmmm
I like the OEX as a long more than most indexes, but I'm still shady on it. So I won't join you this time. But let's just see how it comes out either. I'm not hawkish enough to go short yet either.
ZEUS took a little dive. Ahh she may rebound.
Did not and am not getting into the OVTI puts. Figure I want to be able to sleep well tonight ; }.
You mean breakout to the upside on $OEX???
upside for Qs?
or were you talking metals? (zeus, etc)
I see sales going thru @ .55. It's the bid though yes.
Paper trading the QQQVL put at .55 now.
Think it will pull back tomorrow for the holiday.
OEX too.
ZEUS, X, CMC look okay. I'm not seeing what you're seeing on the charts. I suppose though that you're looking at steel?
Lots of call buying on this one today. I still haven't made a move yet. Seems like these tech companies haven't done that great though. I look at JDSU yesterday and think OVTI should come down too. Not sure enough though. I might just sit it out.
OmniVision Falls on China Price Worries
Thursday August 24, 12:06 pm ET
OmniVision Shares Fall As Analyst Voices Concern About Price Pressure in China
NEW YORK (AP) -- Shares of OmniVision Technologies Inc., a designer of semiconductor image-sensor devices used in electronics including cell phones and cameras, got shot down in morning trading on Thursday after an analyst expressed concern that the company may be feeling price pressure in China.
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Baird analyst Tristan Gerra cut his price target on OmniVision's shares to $20 from $28, and lowered his full-year earnings estimate to $1.46 per share from a previous estimate for $1.60 per share.
Analysts polled by Thomson Financial currently expect the company to report, on average, earnings of $1.67 per share on $590.5 million in sales in its fiscal year ended in April 2007.
"(We are) cutting our numbers on OmniVision ahead of next week's conference call as we remain concerned about a potential inventory correction for OmniVision's CMOS (complementary metal oxide semiconductor) image sensors in mainland China going forward," Gerra wrote in a note to clients.
OmniVision is scheduled to release first-quarter results on Aug. 31.
"We continue to expect overall pricing in CMOS image sensors to deteriorate late this year due to the combination of a continued ramp in capacity and a seasonal slowdown in demand post-October," Gerra added. The analyst kept his "Neutral" rating on the stock.
Shares of OmniVision, which have traded between $11.74 and $34.49 over the last year, were down 63 cents, or 3.5 percent, at $17.32 in midday trading on the Nasdaq
Understood though. I still haven't gone in on it and that is one of the reasons.
Might pick up puts on Omnivision (OVTI). Earnings after the bell.
IDK. I don't usually play these earnings picks (RISKY!!) but I think this one should report poor earnings; we will see I might just buy puts and sell them back before the bell.
I've done that a lot; usually on a stock that's reporting earnings, all the options get inflated as the sheep come in and bet the house for earnings.
Like JCG. All the clothing stores had great earnings (aeos, anf, aro, bebe, ann, not gps); I bought JCG out of the money september calls 2 days before earnings. Day of earnings release, JCG was up like 2% and my options were up 110%. People just pooring in for the numbers. I sold before they even came out.
Yeh looks like not too many ripples in the puddle and the index traders probably getting drowsy but slight pullback.
Good speech by Bernanke. Sounds like a classical attempt to give an economic view while trying to avoid mentioning anything that could possibly move the markets.
Good speech though.
I closed those ISLE calls for a 15% profit; after posting the chart here, I looked at it and saw the bounce melloing out and decided I'd rather just take profits and sit cash than see how it plays out. It could still go up; I just won't be on board to follow.
I like WWIN. Good momentum and institutional buying. Though about buying some Oct in the monies when it had the pullback to the 30 day today. Should've, because it's coming off of that now.
IDK. WWIN might be a bit longer term hold to see the green; it's environmental, so should do well in the long run.
I am a little weary of going long now though. Probably will just hold my cash and go short next week. We will see.
Hey guys,
Good charts here.
I agree with you that FNSR will consolidate from here. I was long on the stock and got out yesterday @ 4.05
Myself I couldn't figure out how to actually post the chart image.
I will try it again without the "http:/"
There I think that does it.
OEX definitely testing some resistance here. I think it will def come off of it. Maybe just consolidate a bit rather than fall though.
Yeh might be smart to get QQQQ puts here for short term. I haven't made any moves yet though. Think it will be a bit longer (maybe late next week) before a big move (down).
I see you guys posting a lot of commodity indexes here. Do you trade futures??? I do not. Want to start reading about them though. I follow them just to know and stuff but not as much as you boys.
My ISLE calls doing well; think that one should come back closer to the 20 day SMA as it's a classical "Bollinger Bounce."
Shakerzzz you would have done well to load some WWCD. Opened at .012 trading back at .016 now after a little blowoff at .019. Will be back there by EOD I'm sure.
This thing is very thin. Doesn't take too much steroids to set it going. 100,000 shares at here should put it right into .02s.
GL!
Looking pretty good here guys.
Up nicely on 300,000 shares traded. People would've done well to load under .015
Think we should be back to .019 by the end of the day.
Ready to make a run tomorrow!!!
Load at .016 if you have the money. I don't.
I guess I could get 1 more share like Cowboy. lol.
Thanks Doc.
I'm not trying to be some newb promoting a diff site. I'm new to I-hub but have quickly seen that it is the center of action. Good stuff here.
As per la Q and la sidewaywardness: agreed. Not the best time to come in and trade. I'm not trying to look for a place to get commands to trade, although I guess I know where to find those places if I am.
As for the market, I held the FNSR common until today; it was a nice ride but had to get outta that one. Down now A/H after poor JDSU earnings and I think the SOXX should pull back a wee-bit.
Last week I came in with some good shorts like BDK, ADBE, CERN, shorting the rallies, but this week I've been more wishy washy to direction.
I do hold some calls on ISLE after their poor earnings statements were released. Some insider buying came in, and I listened to the CC; not great but it sounds like they have some plans in the near future. Just holding the Oct calls for a move from 19.00 back to 21.00 or so nothing wild.
When I first began trading options, I tried to play almost exclusively the indices. I've found that I think it is actually a little more difficult than trading the stock. Now you do get some nice advantages like not worrying so much about pumps and bashes and not so much worries about being hit on the head by some earnings or something similar.
Mostly now I'm just reading the news, reading more on trading options, and trying to be a learner. We all know it's rough out there. I really would make more money if I waited and read more and traded less.
I'll leave you with one chart. The $INDU chart illustrating the wedge I was talking about, which I believe should break to the downside soon:
Chart by Robert E. New @ stockcharts.com
http://stockcharts.com/c-sc/sc?s=$INDU&p=60&yr=0&mn=1&dy=25&i=p50407033526&a....
I think a lot of people are interested in entering WWCD on a dip any further to .01
It shouldn't take but 500k shares to be right back at .02
nite all!
I feel like a typical bagholder being that I'm avgd in @ .021
But then I think
-look at the history of this stock!? Before this run down it was consolidating for a long time in .02-.025 area
-combine that with the potential for big news and there's no reason to sell.
Will keep it holding.
GO ronnied. Go WWCD.
Where yat Stock Lobster?
Actually I don't think we should go under .012
I mean there wasn't even any selling there. MMs pulled it down eod.
Should move right up.
Hope so cause I'm avgd in much higher.
good chart analysis.
I think I speak for the majority of us though when we are thinking a lot about news.
I think .01 should be bottom and people will add there and we wil consolidate from .012 to .017 until news comes out then BAM
I don't think WWCD should go any where under .011
DIAAF has momentum. Should be an easy stock to flip at least to .004 (it's at .0034 now)
I agree on WWCD.
Easy ride from .012 to .02
Should not sell for anything under .02
I'm not selling till .05 at least
WHAT"S UP SHAKERZZZ I haven't posted on here ever but been reading the board it's not bad.
Why don't you like WWCD???
Had a pullback today on little volume. You could enter heavy @ .012 / .015 and see it come right back to .022 immediately.
But we're really holding out for much more than that I don't want to sell for anything less than .05 we have news in the works and it should be explosive.
I probably sounds like the typical newbie pumper so I won't push this too hard, but I don't really get / like you calling WWCD a cult.
As for the other picks, which ones are you actually enthusiastic about?
GGTS
FSMH
RNAI
VOII
ICTI
I can't figure out which one is gonna be the next "bagzzz".
Oh well I'm not in any of them. I will disclose that I am in WWCD (although don't really claim that I'm in a cult).
Check out DIAAF too it should be good for the flipping I write on HSM and lots of hype on that one. Should come right back to .004 tomorrow imho.
Have a good night Shakerzzz and will keep readin yer stuff.
--Sean
At HSM we ban these kinds of bashers. Why don't you guys do the same???
He has very few posts anyways.
What "pinksheets" warnings thing is he talking about? I was looking for any kind of PR, filing, anything. None. None on the web-site, none off the wire.
Nonetheless I gulped at today's close. Ugly to say the least. Hooray to you who can add, but I'm in this deep already and down quite a bit now. Just holding out knowing not to get shaken. The MMs brought it from .015 to .012 on no sells. Then some buyers came in.
Where do you guys see as the bottom??? I hope it doesn't get any lower than this.
Come back .022!!! Make my account look green.
I'm probably worrying too much, because I'm in this for the news, which hasn't come out. So I have noooo reason to sell now.
Plus pretty much all of you guys seem very experienced. No newbies chasin this one (CSHD-hahhah). We all know well not to let our emotions conflict with our trading. It can still be difficult to put to practice, but it's what makes the best traders.
EOM (why do you even bother saying that?)
Man I'm not too happy about this pullback. Ohhh well. I'd be a lot happier if I had more money to add. My avg is too high like .02 so....
Well hopefully that shouldn't matter. I don't think that will be the top at all. It's still no fun looking at red.
Hopefully all we'll do is shake out the kiddies so that we can make the next leg up. I guess it won't matter much where the pps is once news comes out; that's the beauty of the low floaters.
Man this talk about the Shakerzzz got me reading his "momentum players" thread. So much BS over there; not being mean, just saying they joke around a ton and he's got 200 kids pumping their stocks. Then he picks like 5 stocks in one day and 1 goes up. I wasn't foolish enough to chase one of these. Just intrigued watching how it all goes down here over at the I-Hub.
By the way guys, what does "EOM" mean??? I know the general lingo but haven't come across that one.
Hey guys,
Can only make 3 posts a day and yeh it sucks,
But been reading the whole way.
We're lookin okay here I was a little scared at that .015 pullback but didn't get shaken out and quite thankful now.
Would like to see us close at least at .02 but no trades in the last 40 minutes so we'll see.
Nonetheless I don't think it should effect our plans for WWCD.
GL to all. Have a good rest of the day.
.0033 print now
Looking good with only one MM (UBSS, probly an Ameritrade daytrader) on the ask at .0033, then 4 MMs @ .004.
I think this should be trading at .004 by end of day. We will see.
GL!
I don't get it. So did this dude make up that username???
Anyways .02 still getting printed with the ask of .02 so I'm not boo hooing.
Think this thing should keep going up. And I'm no pump and dump trader.
Oh well it is definitely just great money management to flip shares. I do the same all the time.
I'm ready for any shakes and will add. Would've loved to get in this while it was at .012 today. I caught it closer to the top end. That's okay I'm planning to make lots on WWCD so I won't be complainin about scrapin the barrel.
GLTA tomorrow. We should have an interesting week.
--Sean
Hey guys.
I too am from HSM.
A lot of us are in it over there.
DIAAF should make a nice run.
I bought my shares @ .003 would like to sell them this time next week for .009.
No promises. We'll see.
Good volume today though.
Hi guys,
I'm Sean. I'm new to I-hub. Followed MWM here from another board (HSM). Anyways I added heavily to WWCD today. Hope I'm not chasing it, seeing some of you boys are already flipping your shares for multi-bagged profits.
I think thought that this oughta keep moving up. .02 was broken with strong volume. As per these earnings and stuff, we will see. But we had good running today on no news; I think we should keep being able to do the same.
I'm going to try to add more once I sell some options (ISLE on the bounce); we will see. I am in pretty deep. But I like WWCD and think it should make us some money.
And hello to the famous I-hub!
--Sean