Divergences

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Morning Romik,

I just wanted to fill you in on my CAL play 22.00 is the price that I make a 100% on this trade. This has been my target all along. But things have changed a little in the airline market and I am going to change my target as well. Here is some news and what I am going to do is just watch the market today because it could go down to 20.00 and give me 200%. I'll let you know what I end up doing.


http://finance.yahoo.com/q?s=cal&d=v1

Gary

 

I wish you all the very best on this one, hope you make a killing! I will, hypothetically, cover 50% of the position @ $21.00 and scale out on the way down or exit at entry. You can't really do it with options or can you?

 

Yes, you can scale out with them. I am going to play it by ear from 22 on down.

 

SHORT YI U6 mini Silver 06 future contract

Current at the time of call: $12.12 50% position
PT1: $11.00
PT2: depends
Average down: $13.00
Stop: $13.50

Taking an early BRD "A class" in MACD HIST on a daily chart attached

 

Gary, if you are reading this I would like to ask you to explain where do you derive $22 as target on CAL, just interested to see it from your point of view, Cheers.

 

No problem, here is a CAL daily chart. It will show the support levels I am watching.

 

OK, I see, thanks. In that case, wouldn't it be more conservative to have a target of $22.50-23?

 

Yes, definitely. But I a have a profit target I am looking at also and plenty of time. But I already have very good profit on it. I actually took out 5K already on it.

 

What's your current combined ROI on this one? (realised/un)