AI
Wednesday, February 04, 2004 8:03:04 PM
OIIM potential gapper.. another earnings play here we had anticipatory upswing for a trade yesterday. A straddle was mentioned because of the earnings results of last quarter. (We put an arrow at last quarter's earnings response)
The chart is posted a few days prior to the report, we grab as much "anticipatory upswing" as we can and go into a straddle at the last day. Calls were fine but puts ironically were harder to obtain, it wasn't as easy and many didn't make the play. I do expect though that OIIM might continue in a gap and snap and maybe a repeat of the lovely move we had last quarter. Ironically OIIM was about where it rebounded last quarter
on OIIM
OIIM volume is a problem I know but it was also a problem last quarter and this exploded so give it a break you might have to hold some here but volume should pick up
OIIM nice play-
OIIM looking a lot nicer as volume increases from the uncomfortable to the more than tolerable. This would be the second day of upside as you can see our daily chart we have CONFIRMATION of yesterday's bullish harami.
The chart is posted a few days prior to the report, we grab as much "anticipatory upswing" as we can and go into a straddle at the last day. Calls were fine but puts ironically were harder to obtain, it wasn't as easy and many didn't make the play. I do expect though that OIIM might continue in a gap and snap and maybe a repeat of the lovely move we had last quarter. Ironically OIIM was about where it rebounded last quarter
on OIIM
OIIM volume is a problem I know but it was also a problem last quarter and this exploded so give it a break you might have to hold some here but volume should pick up
OIIM nice play-
OIIM looking a lot nicer as volume increases from the uncomfortable to the more than tolerable. This would be the second day of upside as you can see our daily chart we have CONFIRMATION of yesterday's bullish harami.
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