Excellent spot regarding this post and the one immediately preceding it on unusual pre-market volume for JASO. At the moment I'm in ULTR, and still managing my BIDU trade (in at 307.30 on 02 Oct 2007).
Also in CMED but at 41.89. Sold ICOC for 10% gain only to watch it shoot up some more. In SNCR but currently underwater and volume doesn't look like it'll break FRV by EOD.
SNCR currently sits on a trend line. Spyder commented several times in the 1st(?) journal that he was MUCH more successful when he took trades when they were in the bottom 1/3. I try to follow this advise..
Thanks for the heads up. I do remember reading that but need some more practice. I think I need to do some additional prep work the night before to catch these things early.
I agree. I would be more inclined to sell some premium at this point. A NOV 50/55 call spread is paying ~$1.50 credit (look at the IV!) Unless volume comes in, I don't think it's going to move IMO.
I had the same problem for a while too. It took several (many, lol) losing trades for this to sink in. PTV - from removed list - 30.50