TheRumpledOne 6,411 posts msg #61619 - Ignore TheRumpledOne modified |
4/19/2008 1:57:57 PM
johnpaulca
All you guys that were laughing at me when I bought GOOG at $477 well its trading at $532 this morning....thats $55/share folks....I will have to take my wife out to dinner tonight...somewhere really nice...cheers.
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I wasn't laughing at you, JP.
I said GOOG was showing NEGATIVE DIVERGENCE.
GOOG went up and you got your chance to take profit. Bully for you.
But, the rest of the story...
Since I posted that, GOOG fell to below $450 meaning NEG DIV proved out once again.
But like I also said. ANYTHING CAN HAPPEN and that's why you have to TRADE!
Hope you enjoyed dinner.
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ctrout 122 posts msg #61637 - Ignore ctrout |
4/20/2008 5:19:06 PM
JP, With regards to BA and JLL I 'm just a chart guy. PE, Cash Flows, etc. just don't matter as much to those with a short term perspective. I'll sell them both before earnings. BTW, Once I am profitable a few % on a trade (BA, JLL), I move the stop to breakeven as I hate turning a winner into a loser. This way I can buy it back cheaper if I still like it. I am long the SRS (Ultra Short REIT) for a bit longer term play.
I too like to trade the IWM, UWM, and TWM. I have a shorter term horizon than most swing traders. Many times just trade the $RUT and $NDX options based on Fibonacci retracements. Since I am in and out within a few hours to a few days there is little time decay. I Jumped on them right when GOOG reported. Through Interactive Brokers you could trade the index options 15 minutes after the close.
Good luck on the TWM
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ham1198 174 posts msg #61655 - Ignore ham1198 |
4/21/2008 10:01:45 AM
....keeping an eye on OFG, again. if it gets down to 19$ today or tomorrow, i'm back in. my guess is tomorrow.
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johnpaulca 12,036 posts msg #61663 - Ignore johnpaulca modified |
4/21/2008 1:24:18 PM
Booya is spewing out health care, drugs, leisure and tech stocks. I think we are in for a haircut. Commodities are long in the tooth...be careful, tighten your stops.
Longs:
WFR...75.25...hit stop@74.50(-1%)
PSYS...33
LH...76.25
TWM...74.85 (averaging down)
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TheRumpledOne 6,411 posts msg #61666 - Ignore TheRumpledOne modified |
4/21/2008 3:06:05 PM
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ctrout 122 posts msg #61667 - Ignore ctrout |
4/21/2008 3:06:08 PM
JP, Searched for your Booya Filter but couldn't find. Could you post it in this thread.
Thanks,
C Trout
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johnpaulca 12,036 posts msg #61669 - Ignore johnpaulca modified |
4/21/2008 3:36:13 PM
ILMN...long@$74
It's in my buy range again as it was in oct.2007
Today:
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mb504 29 posts msg #61670 - Ignore mb504 |
4/21/2008 3:43:36 PM
Short 200 (FITB) @ 19.97
Bounced off EMA 34 and closed lower than previous close...
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ham1198 174 posts msg #61680 - Ignore ham1198 |
4/21/2008 5:25:42 PM
......jp, if you follow mike parker's rsiwlr system and use the time series forcast, ilmn is ready to make a nice move upward. it's has the ts 5, 9 & 15 sitting under the candle, so move upward should be soon. the ts 40 still has a little way to go. good luck.
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ctrout 122 posts msg #61684 - Ignore ctrout |
4/22/2008 10:08:12 AM
Out $RUT puts on the gap close here from 4-17.
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