Post feedLVS Follow-Up
I hate to admit, but yes I did close out on LVS today. Since I was not near my computer I had a stop in at $8.00 and I was stopped out. It was unfortunate to see this one end, but this was all I wanted to risk on this trade. Luck would have it that it will likely rally strong tomorrow on a good CPI report. Ah well... a 8.00 on a 1.50 investment is not bad. I hope you all enjoyed this gem we discovered last week. Nice work!What I am really wondering is what will happen to WYNN tomorrow. Since it was up $4 in the morning, I walked away thinking I didn't need a stop in there. Whoa! Is that what they call a gravestone doji?
Sure looks like the star of death aka - tombstone doji. However, I am sticking to having my stop set at 89.30. If I get stopped out I have a tidy profit from entry on 11/8, if it keeps going I keep the ride alive.
The payout of $6 a share is for share holders owning on 11/23 - how do you think this will influence the price movement?
Posted by
Anonymous |
11/15/2006 06:32:00 PM
Hi Jeff.
Great exercise. I'm curious, if you had been able to watch LVS (instead of being away from your computer) would you have exited on 11/15, and what is the thought process and/or probabilities you're employing (e.g., at what point would you have reasoned LVS is pulling back and isn't likely to close even or higher)?
Many thanks,
Honu Mike
(Formerly -Mike...choosing more colorful handle since Mike is a common name. Honu is Hawaiian for turtle)
Posted by
Anonymous |
11/16/2006 08:50:00 AM
Jeff,
We are also wondering whether our "WYNN"er will end, but so far so good. I just keep moving the stop up, but am seriously considering selling one of the contracts. Take the money and run!
Posted by
Anonymous |
11/16/2006 10:25:00 AM
oops - forgot to add the symbol WYNN to my question about the $6 a share payout on 11.23 and impact on the stock. Thats what happens when you get giddy with the big winners....
Posted by
Anonymous |
11/16/2006 10:56:00 AM
XMSR looks like it's retesting a double bottom breakout that was on good volume.
Posted by
Debbie Davis |
11/16/2006 12:10:00 PM