08-10-07 07:16 AM "Q's looking to free fall to 44. Loading up on Oct. Puts." More room to go, but took some off the table to be prudent.
I got in at 2.90 looking for a quick profit, that didnt really work out so i decided to hang on and see what would happen. up ~12% now.
Those Oct 44 Puts are looking sweeter than ever. I may hold a few just to see if they actually go in ITM. Dumping most of them today. Honestly, I would thing this much needed correction is just about played out. Back to the grind!
ICOC. Will add on any pullback below 10. Long term position of mine. Should be good to the low teens by years end.
I think its time to give that little AMEX video game accessory stock known as Mad-Catz (MCZ) a shot. From a fundamental's standpoint, theres no hotter sector to be in than video games with the upcoming release of Halo3 in the next month. I'm 20, so I'm still pretty "in-touch" with these kinds of things... I have a friend who doesn't even own an XBOX 360 yet and he has already pre-ordered this game. Easily lined up to be the best selling game ever (pre-orders are already #1). With all the hype surrounding this game, the accessories should sell better than they have in the past. They're also expanding their product base into this new earphone technology that could have some promise. I'm not sure exactly what the agreement is, but if you want to read up about the product it looks pretty good- http://inairtechnology.com/howitWorks.html Now from a technicals standpoint. This stock has been in a solid uptrend for the past year. The recent plateau was up on high volume and has come down on low volume. MACD looks like it will cross over very soon, and RSI indicates oversold. To top it off, its bouncing off a 1+ year strong trendline with a 200 day MA closely under. I'll be going long at open tomorrow morning with 3/4 a position. I'll add more if it comes back to .90 - .95. I'm setting my stoploss to .84. Looking to unload the first half of shares at 1.40 and seeing where the rest want to go Any thoughts?