FebOE Play-Book (more like DUP da-Boyz Book), for star-date 15-02-2008!?
No Cut & Paste-ing today folks, just a CRASH ALERT as the Q's try to find a ST Bottom!
FYI - the Q's LOW CLOSE this year is 42.81, posted on 06Feb, and we'll likely eclipse that CLOSE-ing Low TODAY!
As we suggested earlier this week, TA, Chart, Fibs & Lies players continue to HOLD onto their UP scenarios, NOT, and it's gonna cost-em Mucho Duhh-Naros, OUCH!?
We'll use the GAP Down to Sell short Feb45 puts but ONLY for a day trade as we'll take profits on dem dare Puppies the Moment the GAP is FILLED!
Since next week portends Lower prices, maybe even as bad as the first week of the year which was down -6.7%, we MUST configure some MarOE short plays to protect our Mar41 calls!?
We'll continue to take profits, dats what we do, as da-Boyz move prices into the Profit-Zone! BUT, today will END in Huge Loss-es as we exit losing trades and/or let them expire worthless!
We start the day OPEN-ing a LONG position though to make a Quick gain as da-Boyz move prices up to Fill da-GAP and give TA, Chart, Fibs & lies players HOPE, a play otherwise know as "ROPE some HOPE-sters", LOL!?
Order to Sell to Open Feb45 puts at 1.45 (QUAD), let's see if da-boyz can GET-R DONE! This position is strictly for a day trade and we'll take the gain of .35 quickly and quietly (this gain will post as 1.40 since its a Quad)!
C'mon BOYZ, give us a GREAT SHOW and ROPE-em, ROPE-em REAL GOOD, LOL!?
Date Open High Low Close
8-Feb 43.18 43.77 42.94 43.60
11-Feb43.78 44.22 43.54 44.07
13-Feb44.39 44.88 44.16 44.78
13-Feb44.39 44.88 44.16 44.78
14-Feb44.84 44.85 43.89 43.97
4cast
15-Feb43.65 44.01 42.49 42.66
19-Feb42.17 42.28 40.54 41.35
20-Feb41.61 41.93 40.45 41.91
21-Feb41.48 41.67 39.92 39.92
22-Feb40.07 40.77 39.45 40.12
We'll be FADE-ing ALL LONG plays today in anticipation of a Move Lower. We suspect Most Longs will be BUY-ing da-DIPS and
with a 4cast -3.0% down day we'll PASS on dat one!
Picture Painting yet again in a attempt to take some of da-Longs precious coin and we gonna LIKE IT TOO, taking dare coin dat is, LOL!?
Good trades ALL,
nm