AI
Saturday, October 11, 2003 2:10:46 PM
Wednesday 15: QLGC, SNDK and IBM
October Our calls in the ADBE, RIMM, YHOO, SOHU and SINA calls were 8-12 sessions or more prior to the report, by the time the report was about to be released we had taken profits in 50% - 75% of the play even closed 50% of JNPR. We had the puts/short in SINA SOHU nicely for the break down before changing our hats for the calls. With YHOO and JNPR it was the reverse, going long on front of the report and changing hats (Short JNPR and Short YHOO the day prior to the report) but holding CALLS after the "DISCOUNT" the day before the report. For YHOO it was great, for JNPR it was less than great.
In fact I reentered NTES after being flat in my Asians from Thursday (well before the SOHU report and now I'm long SOHU again in front of earnings, so its not etched in stone. Long the QLGC 50 puts for November, EBAY 60 puts for November and 60 calls, but I'm nowhere near ending my forays into these stocks now. Still looking to buy QLGC off support and EBAY if I can get a better set up than we had on Friday. (scalping for peanuts is not my idea of trading, choppy trading is not the best situation for buying these high profile stocks, so SNDK and NTES were better choices on Friday) Also bullish once again on MRVL from our Friday Watch List and KLAC from the Thursday list. TARGET IS 60 for KLAC in front of its earnings report.
Target for MRVL is 44 (if 44 gets taken out, than 45 but so far I'm shorting MRVL at 44
Also looking to grab OVTI and SLAB intraday LONG (we had a short on OVTI Friday but missed SLAB) for intraday EARNINGS RUN in afternoon before earnings (like FAST, AMHC etc)
First move we had in MRVL to 42.75
Now Friday's chart for MRVL, we're a little more cautious here at the 44 area.
Although we look at daily charts, the actual daily chart will be of little help in a watch list scenario unless you take the 60 and 5-minute chart into account during the upcoming week or two of earnings, and possibly even longer.
The actual gap opens will skew the entry triggers. You need to work a little harder and DON'T just get canned triggers. Yesterday's daily trigger long/short is as stale as 3-day old muffins.
October Our calls in the ADBE, RIMM, YHOO, SOHU and SINA calls were 8-12 sessions or more prior to the report, by the time the report was about to be released we had taken profits in 50% - 75% of the play even closed 50% of JNPR. We had the puts/short in SINA SOHU nicely for the break down before changing our hats for the calls. With YHOO and JNPR it was the reverse, going long on front of the report and changing hats (Short JNPR and Short YHOO the day prior to the report) but holding CALLS after the "DISCOUNT" the day before the report. For YHOO it was great, for JNPR it was less than great.
In fact I reentered NTES after being flat in my Asians from Thursday (well before the SOHU report and now I'm long SOHU again in front of earnings, so its not etched in stone. Long the QLGC 50 puts for November, EBAY 60 puts for November and 60 calls, but I'm nowhere near ending my forays into these stocks now. Still looking to buy QLGC off support and EBAY if I can get a better set up than we had on Friday. (scalping for peanuts is not my idea of trading, choppy trading is not the best situation for buying these high profile stocks, so SNDK and NTES were better choices on Friday) Also bullish once again on MRVL from our Friday Watch List and KLAC from the Thursday list. TARGET IS 60 for KLAC in front of its earnings report.
Target for MRVL is 44 (if 44 gets taken out, than 45 but so far I'm shorting MRVL at 44
Also looking to grab OVTI and SLAB intraday LONG (we had a short on OVTI Friday but missed SLAB) for intraday EARNINGS RUN in afternoon before earnings (like FAST, AMHC etc)
First move we had in MRVL to 42.75
Now Friday's chart for MRVL, we're a little more cautious here at the 44 area.
Although we look at daily charts, the actual daily chart will be of little help in a watch list scenario unless you take the 60 and 5-minute chart into account during the upcoming week or two of earnings, and possibly even longer.
The actual gap opens will skew the entry triggers. You need to work a little harder and DON'T just get canned triggers. Yesterday's daily trigger long/short is as stale as 3-day old muffins.
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