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Yup. Gobbled up that 2.7% risk as the ascending pattern failed.....actually double bottom entry at 27.45 with 1% risk stop under lod is another good r/r setup usin' the old buy support mentality.
No option chain on this one. You'd think that they'd have one on a $28 stock. That may be why HURC fell as hard as it did.
$pike:
Tradin' SUF today. Explosive move up from $6.60. You can buy the stock for $7.50 and sell the $7.50 MAR calls for $.95. That's about 12.66% in less than one month . . .
$pike:
Tradin' SUF today. Explosive move up from $6.60. You can buy the stock for $7.50 and sell the $7.50 MAR calls for $.95. That's about 12.66% in less than one month . . .
Unless it closes at $6.55, in which case your total return is 0%. That's always a possibility.
No option chain on this one. You'd think that they'd have one on a $28 stock. That may be why HURC fell as hard as it did.
NBB,
I was wondering about the options myself. Are you in on the GGB tip from $$MM$$ I have March 06 options at $.70. My plan is to wait till it is closer to the 24+ target. This should put me near 200% profit. I feel like a pig. You think I'm heading for the sluaghter house?
NBB,
I was wondering about the options myself. Are you in on the GGB tip from $$MM$$ I have March 06 options at $.70. My plan is to wait till it is closer to the 24+ target. This should put me near 200% profit. I feel like a pig. You think I'm heading for the sluaghter house?
Adam
I don't know if you are going to get slaughtered or not. GGB looks good still. But one thing you could do is take some off of the table to ensure a profit. Perhaps selling half would be wise . . . perhaps not. My personal rule is always to be satisfied with a profit. I never look back and say, "I coulda had more."
Back to VLO. If I owned VLO calls at $60 for next Jan, I would be holding them. I think she's going to get there. I am not confident that VLO is going to break $100 per share. In fact, I really expect VLO to touch $60 by March 17.
I don't know if you are going to get slaughtered or not. GGB looks good still. But one thing you could do is take some off of the table to ensure a profit. Perhaps selling half would be wise . . . perhaps not. My personal rule is always to be satisfied with a profit. I never look back and say, "I coulda had more."
Back to VLO. If I owned VLO calls at $60 for next Jan, I would be holding them. I think she's going to get there. I am not confident that VLO is going to break $100 per share. In fact, I really expect VLO to touch $60 by March 17.
As a rule I always sell half if I hit 100% profit. That may sound a bit piggish but in options if chosen right 100% profit is not to odd. From there I don't worry so much about the ups and downs. I will hold VLO. If it hits 60 I will be happy.
Today's daily thoughs; profit-taking going on now, but I would expect support to come in now that the gap has been filled. I think the bias is clearly long while 42.87 holds..
Weekly has had an expanding profit-taking tag too....and the count suggests it's got more upside for this weekly 5th up and is likely in the 3rd of a smaller 5 within it. Impressive stuff really and seems headed to 70.00.... I'd slip to neutral under 42.87.
Im at a remote site,would post a chart if possible.HLEX looking ready for a stalk.A drop to 30 would be a nice entry? Stop may be tricky?
cordially Tom
Greetings!
HLEX I remember this one from a few months back....it acsended over that double top and has boomed since....looks like a good long candidate to me.... It's on the MM 'c's stalk sheet too.... Here's what I'm seeing in the daily: The play I'm seeing is a breakout play, and I don't usually like them much....only offers average r/r unless you target over the 'x' extension...
I'd slip to neutral on a break down out of the triangle, looking for gap support play perhaps...
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