How much would you give from your profits betting on people, than things? I am now looking at BMY at 33.65 area, and my models told me sellers area within 5 cents or less.
BMY is heading for a bull trap. A little more confidence, like a gap up, then BAM!!! a fast drop and they're all stuck in a losing trade.
I don't know what bmy will do. The odds are higher for bull move. Today I expect buyers in aapl, which means in that case indicies will go higher driving stocks up across the board for next week. I have no position in the markets at this time. If markets break higher I'll buy Mar calls in stocks that have high short interests. If you know any beaten down candidates please share. My primary strategy for 2013 is when appl goes above 560, I'll start scaling into far out puts.
Looking at it my take is that BMY will most likely reach 33.97 then could weaken or continue on later to 34.33 MCD could go up to 91.71, or if it drops below 90.0, then most likely tag 89.26
Should woulda coulda made high six figures if I had stayed with the trend when I first posted from 660. Saw this shyte storm coming from a mile away and what did I do? Hit it with small measly positions when I should have gone for the jugular. On a brighter note, it's time for amzn to break down. Slightly otm puts 3 months away should be a ten bagger
Rimm was around 10.50 then, touched 18 yesterday. This one is a money maker since I posted at 7.5. Very happy with the returns from rimm calls. Hope some of you ride this wave, because it still has some ways to go. It may not see 50, but it sure will see 25. Buy cheap slightly otm calls 3 month out on the pull backs, scale out into the volatility premium on every rip.
Today I bot bbry feb 08 15.5 averaged @ 0.16 looking for a double, and apr 15 calls @ 1.80 looking for a 5 bagger before expiry.
Took some off @0.35 for the Feb 08 15.5 calls. Will ride the rest to expiry. Plan to keep on adding to April calls, bet the farm kind of trades. Huge underlying momentum in bbry. If overall mkt holds, I see it easily break above 20+ If you missed riding the aapl break down, amzn is next. Feb 15 255 puts are still selling cheap at 3.25. I see amzn testing 250 by expiry, easy 2 or 3 bagger. Longer term I expect amzn to sell off to at least 180 by june of this year. The stupidity bubble on the long side is very high in amzn.