Any superstitious traders out there? I thought we would have ended off on a worse note, but the trend continues. I thought I would at least start this new thread today before getting to some other posts I had lined up. Feel free to organize comments here. Sorry I am off to a late start.
Long: Great continuation on POT, if you are not long...why?
Short: Still looking....
Posted by Option Addict on
4/13/2007 at
11:02 AM |Permalink
Nice mug shot on the home page!
Is anyone else long BW? I have a target of $62. Any thoughts?
Hi option addicts, Check out ONT. On a 5 year chart there is a huge rounded bottom formation that is not yet complete (resistance around $3.50). On a 2 year chart there is a perfect cup & handle that has already come back to test support and there has been huge volume for the last couple weeks. Interesting.
Brett, on the ICE trade. ICE is bouncing off 61.8 Fib level from the low in june 06 to the high in feb'07. Mar 26-30th kept making higher lows. Then the bounce up on 4/2. It traded to the 30 day, flagged and broke out of the flag and the M/A with some decent volume. It looks like a low risk trade to me with some upside using a $124 stop. I'm also long RTP, X(still), BLUD, added NUE (even thought earnings are coming up) and watching TEX. Covered PSA and AVB but will keep those on my radar. Jamie
I am a professional trader and an instructor for Investools. I've had relations with the markets for 9 years. Born in Concord, CA, but reside in Saratoga Springs, Utah. Father of THREE, Husband of one.
Nice mug shot on the home page!
Is anyone else long BW? I have a target of $62. Any thoughts?
John
Posted by Anonymous | 4/13/2007 11:10:00 AM
I'm kicking myself for missing the last entry on POT!! Just waiting for the next entry signal.
Hey Jeff, how about CF!! You doubter you. Nice bounce.
Sarah
Posted by Anonymous | 4/13/2007 11:24:00 AM
BTW if anyones interested,
Long: FLSR,DECK,CF,HWCC,TEX
Short:PSA
considering call's on WCG
Sarah
Posted by Anonymous | 4/13/2007 11:27:00 AM
Hi option addicts,
Check out ONT. On a 5 year chart there is a huge rounded bottom formation that is not yet complete (resistance around $3.50). On a 2 year chart there is a perfect cup & handle that has already come back to test support and there has been huge volume for the last couple weeks. Interesting.
Debbie Davis
Antioch, IL
Blogger won't accept my password?
Posted by Anonymous | 4/13/2007 11:51:00 AM
How about a flag breakout on CCJ with a $7 move to 53 price target.
Posted by Anonymous | 4/13/2007 12:05:00 PM
ROFLMAO - ok Jason, your too funny.
Mikeh
Posted by Mike | 4/13/2007 12:40:00 PM
chewchewchewchew...... (sp?)
Where's the axe out of the forehead?
Very nice...
Larry S.
Posted by Anonymous | 4/13/2007 12:58:00 PM
Brett, on the ICE trade. ICE is bouncing off 61.8 Fib level from the low in june 06 to the high in feb'07. Mar 26-30th kept making higher lows. Then the bounce up on 4/2. It traded to the 30 day, flagged and broke out of the flag and the M/A with some decent volume.
It looks like a low risk trade to me with some upside using a $124 stop.
I'm also long RTP, X(still), BLUD, added NUE (even thought earnings are coming up) and watching TEX.
Covered PSA and AVB but will keep those on my radar.
Jamie
Posted by Anonymous | 4/13/2007 01:50:00 PM