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John NY

02/04/04 5:57 PM

#21085 RE: jenna #21084

You know how to find the volatility. That's a less stressful way to trade. No reason to wrap one's ego up into having to 'belive' in one direction or another. Seems there are too many variables to compute for general market direction, but far fewer to contend with for your earnings plays.
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jenna

02/04/04 7:31 PM

#21086 RE: jenna #21084

AKAM a second straddle (we picked up a few more but they haven't reported so we're keeping them under wraps)Our "official calls" are just that not "well this looks good" and a half hour later "did anyone pick this up"... Those are not calls but "guessestimates" if they don't do good they are ignored. Too many plays like that engenders DISORGANIZATION and a 'free for all ensues" and we frown upon that. We do sometimes suggest 1 or 2 for the more aggressive trader and/or option intermediate player who might want more plays.

At this point in the nasdaq, we are shorting our "old" earnings plays at spikehighs and holding baskets of puts from the original position and occasionally adding new, but stocks like AMZN, KLAC, CCMP, SNDK, MERQ, ELX, etc don't even get a special "slot" in our newsletter just an intraday update or occasional post on the next support level. These are now "permanent" short the rally plays and occasionally a buy the 'dip' but we'll mention it in advance if we see a 'buy set up' on the 5-minute chart that looks like something more than a false entry (or what other folks term a SCALP) turn into what we call "MOMENTUM" plays and that is how we fill the trading time until March begins the new season (leaving us about 2 weeks every 4 quarters of down time) Figure that out we are basically in "earnings season" 10 to 11 months a year! The 'down time' we are usually playing those hit for downside (short the spike highs) and those that rallied as "buy after a pause that refreshes"


AKAM:
Wed Feb 4 14:32:19 2004: marketge [0/] Msg:AKAM 12.50 calls UMUBV are only about $.45
Wed Feb 4 14:33:34 2004: marketge [0/] Msg:the 10 Feb puts are only $0.35 (already up 133%) the bid ask are also very good only $0.05 spread essentially after the stock tanked there would be an investemnt of about $0.80
Wed Feb 4 14:34:22 2004: marketge [0/] Msg:We can't lose both positions.. unless AKAM moves a few cents tomorrow and I doubt it will