I was stopped out of the YM long at 10365 so small profit on that trade. My stupid gap bias cost me because there was a nice triangle that broke out SHORT at 1:40 , 10287 and current market is 10214 so that 60 ticks or so that I didn't make.
Covered YM short from last week. Not going to give back a gain of this size Because I think a little bounce may come since we just retraced 50% of the last 400 point rally.
Short HON May 42.50 calls at $0.25---> Covered all at $.10 Short HON May 40 calls, ave price: $0.53----> Out, ave. price $0.23, if anyone cares.
How bout this call made on this thread blue star ointment/lithium capital?? Can you say, "S&P then made a high of 1179!!" Suck on that, lithium.
A couple of swing positions I like are GOOG (short) and VLO (short). I will probably buy some July puts ITM this morning for some conservative returns. 15-20% and out!
VLO short? def. consolidation...but, inside day on lower/moderate volume...needs to take out yest. low to get serious about a short otherwise risk being pants'ed...imo alex EDIT: check out TWTR EDIT: ASML closed a gap down from 4/25/05 & 4/13/05 today EDIT: you can ski down EXC today, tuck your arms...
63.50 entry on the short (stock price) Current price 62.50 Beautiful decending triangle setting up on intra day for next push down. We shall see ...