OIH/QM trading BUY suggest we get into OIL and OIH calls for st trade, and some FIB action. SHORT term trade ! this is a tough call since OIL still selling off hard, and catching a lot of greedy perma longs by surprise. What's that saying about making money- and PIGS. Further we still have the risk of lower PINs on index component. So maybe patience is in order until Friday. But anyone entering OIH today has a 85-90% potential of having decent profits next week. JMHO - could be wrong this time, obviously. IcEmAnone :coo:
CAL - closed position when this thing blew thru 22 overhead yesterday, pnl -325. f-ing knew this was against my trading plan of staying away from oil...ICE remember my PM?? damn! XLNX - still holding 2750p as overall long straddle trade was profitable, trying to milk this a little more and profit on both legs we'll see. GOOG - on radar for entry, maybe mar360c. ICE, i agree w/ bullish stance or atleast a st bounce from here...
Yes I think you did OK on CAL. Non? Thought you were long CAL? Have not followed it - as I was watching JBLU, and other stuff. Don't you recall I said go long JBLU near the "top" in oil. am still looking for JBLU to double ! you held 2750 puts- well done.
hawk... take a look at DNA calls - go ITM but remember that the FDA has a pending approval on their schedule this month -- for DNA. Also know that this stock is volatile AND this is expiry week so may not see a clear path until next week on DNA. But there is a good shot at an 85 pin on Friday (but keep in mind an $80 pin is always something we must consider). Keep a 9 iron and pitching wedge in your bag. 8250 is highest probability.
Journal classic trading song of the week: Night Moves (C, Cmaj7, D, Em, F, G, G7) I was a little too tall Couldâve used a few pounds Tight pants points hardly reknown She was a black-haired beauty with big dark eyes And points all her own sitting way up high Way up firm and high Out past the cornfields where the woods got heavy Out in the back seat of my â60 chevy Workinâ on mysteries without any clues Workinâ on our night moves Tryinâ to make some front page drive-in news Workinâ on our night moves In the summertime In the sweet summertime We werenât in love, oh no, far from it We werenât searchinâ for some pie in the sky summit We were just young and restless and bored Livinâ by the sword And weâd steal away every chance we could To the backroom, to the alley or the trusty woods I used her, she used me But neither one cared We were gettinâ our share Workinâ on our night moves Tryinâ to lose the awkward teenage blues Workinâ on our night moves And it was summertime And oh the wonder We felt the lightning And we waited on the thunder Waited on the thunder I awoke last night to the sound of thunder How far off I sat and wondered Started humming a song from 1972 Ainât it funny how the night moves When you just donât seem to have as much to lose Strange how the night moves With autumn closing in
GOOG for once i was taking the "be patient and let the trade come to me" approach, so missed this trade.....so far! think i will let expiry pass and re-evaluate. DNA did the 2/14 reversal represent the test of the 9/27 lows of 80....or will we get your often mentioned "second chance" of an entry point at this level?
GOOG sorry you missed the fun bro ! I said to get into GOOG. Sure, it's not wise to listen to other traders or to "tips" --- better to follow your own drummer. But I was 90% certain we would see an expiration pop. Next time I'll PM you. B.T.W. not too late to get into GOOG but not a slam dunk right now. GOOG could still see 390. Only the road higher won't be so easy this time so adjust accordingly. DNA you had a "2nd chance" on DNA this week when the ROCHE news came out. JMHO BE careful --- DNA has an aproval coming out.
Journal Expiry PIN Song of the Week Fable (Robert Miles) Tell me your fable A fable... Tell me your fable... Tell me your fable Tell me your fable... A fable... Tell me your fable... Talk to me, tenderly Show reality fantasy, We'll bound together All win in one feat Talk to me, tenderly Show reality fantasy, We'll bound together All win in one feat The fable... The fable... Ahh... The fable... The fable... Tell me your fable... Tell me your fable A fable A fable A fable that will never end And now, I dream Dream Dream
---- da GOOG song of the week ---- Traders ought to have a song for each stock they trade ! Ain't Nobody (Chaka Khan) Captured effortlessly Thatâs the way it was Happened so naturally I did not know it was love The next thing I felt was You holding me close What was I gonna do? I let myself go And now weâre flyinâ through the stars I hope this night will last forever Iâve been waitinâ for you Itâs been so long I knew just what I would do When I heard your song Filled my heart with your bliss Gave me freedom You knew I could not resist I needed someone And now weâre flyinâ through the stars I hope this night will last forever Oh oh oh oh Ainât nobody Loves me better Makes me happy Makes me feel this way Ainât nobody Loves me better than you I wait for night time to come And bring you to me Canât believe Iâm the one I was so lonely I feel like no one could feel I must be dreaminâ I want this dream to be real I need this feelinâ I make my wish upon a star And hope this night will last forever And first you put your arms around me Then you put your charms around me I canât resist this sweet surrender Oh my nights are warm and tender We stare into each otherâs eyes And what we see is no surprise Got a feeling most with treasure And a love so deep we cannot measure