All's Quiet On The Trading Front
There are a lot of good arguments being posted today. I am impressed with each opinion that flies across the blog. Keep up the good work.
I'd like to see how the market plays out, and then come back and try to digest it a little.
PS- The Marketcast will be appearing on Forbes radio today! We are starting to attract a presence!
Recommendation: Hold on tight today!
Long: The market
Short: The market
WOW - Forbes Radio!!! Congratulations. I hope you'll have the full arsenal of sound effects ready to go.
I wonder if they have downloadable MP3 format capability???? We could be on to something here.
I agree that the blog is becoming a great place to express opinions.
My stocks are taking a choppy ride right now. I had to bail on ZMH this morning with the bad news of the downgrade - although I question if it was emotional driven since the downgrade was from "out perform" to market perform and I had a June call. PCP is looking very shaky today as well, but I'm sticking to my rules and won't exit until there's bad news or it crosses that century mark.
Cheers,
Gary
Boston - sunny but still cold!!
Posted by Gary D | 3/21/2007 11:13:00 AM
Even with Fed's announcement which keeps interest rate unchanged, there is no volume on major indices including DIA, SPY, QQQQ. Be cautious.
Posted by Anonymous | 3/21/2007 12:36:00 PM
It's only been 15 minutes though. How much volume were you expecting in that short time frame?
Posted by Anonymous | 3/21/2007 12:38:00 PM
Looks like we've confirmed double bottoms on all indices. Great action.
Who doesn't love a little BEAV? I think this stock is trading picture perfect right now. A great breakout on huge volume with a consolidation/retest on declining volume.
Plenty of breakouts galore today, but VSEA seems to be the strongest.
I also love CAL as a bearish play, and hopefully GOOG will hit a wall at $455, or else it might be breaking the downtrend.
Looks like we may go up and test prior highs in the market.
Posted by Anonymous | 3/21/2007 01:45:00 PM
I exited 1/2 my puts on CAL stock went past my resistance line. The other 1/2 of the puts were OTM. There was enough of a loss to let them either hang in there or expire worthless. I am in BEAV, but like TAP better. I used to work for BEAV so I would like to take some money from those options. DE made a nice move today also. I wish I had managed that trade better. I have some Apr calls on DE. Wish I had bought more time. If it still moves up tomorrow I may trade up and buy more time.
TD
Posted by Anonymous | 3/21/2007 02:49:00 PM