No--nothing spectacular to report in this post. Just an eye catching title. The tornado warnings expired, but the ballpark, who just took the tarp off the field a few minutes ago, put it back on and are evacuating the stadium so looks like we're not done just yet. My strep throat kept me tired all day and though I entered into positions the intent was for no daytrades...don't think my mind was that clear to risk any amount of money on. Here’s a few plays of interest:
LYJN-Picked up this trade in the chat room. I bought this in the last 15 minutes of the day, catching the breakout. Plan is to sell into any strength in the morning. These are probably the best plays to get into if you’re like me and have to deal with PDT.
TBBC-a little bit of a sucka punch in the morning, though not a full recovery from the morning drop. 1.41 seems to be the support area, grabbed a little more shares at 1.41. Tomorrow I’m out if it doesn’t look like 1.40/.41 will hold support.
RPTP-From @investorslive Monday night scan. Wanted to see a r/g play which it did in the morning, then all afternoon it was hugging the 4.90 area before it made its move to and over 5…then back under. I have a stop to give me some room in the morning…if it still holds support in the 4.90/.80 area I’ll probably hold in anticipation of another move to 5.
RL-from the chat on Mon. Bought a JUL put for a short term trade. Had a nice spike in the morning, but retraced almost as fast. Earnings supposed to be before the open so I’ll be looking to exit my position if the fall continues. Something to note, it seems like, regardless of the news, a lot of companies like to drop after an earnings report. Last one was DELL which popped with the excellent report and conference call…popped the AH/PM and the next day, but two days later it was back to pre-report prices. AAPL another good example. Good or bad news probably see lower prices here tomorrow and the next few days.
NFLX-I’ve been saying this over the past several weeks…247 is the magic number here. Today it ran into the 250s but came back down to close at 247.60. Looks like we’re at the 4th attempt in the area. Last three times I wanted to see more of a slow move to 247-more consolidation/sideways action to create some kind of support in around 245. Maybe today was enough to make 247 support…but I’m thinking otherwise--probably downward again toward 240/35 before back up.
View my other posts/give me some advice at http://part-timepennystocktrader.blogspot.com/. Follow me on twitter @BNGESG.
LYJN-Picked up this trade in the chat room. I bought this in the last 15 minutes of the day, catching the breakout. Plan is to sell into any strength in the morning. These are probably the best plays to get into if you’re like me and have to deal with PDT.
TBBC-a little bit of a sucka punch in the morning, though not a full recovery from the morning drop. 1.41 seems to be the support area, grabbed a little more shares at 1.41. Tomorrow I’m out if it doesn’t look like 1.40/.41 will hold support.
RPTP-From @investorslive Monday night scan. Wanted to see a r/g play which it did in the morning, then all afternoon it was hugging the 4.90 area before it made its move to and over 5…then back under. I have a stop to give me some room in the morning…if it still holds support in the 4.90/.80 area I’ll probably hold in anticipation of another move to 5.
RL-from the chat on Mon. Bought a JUL put for a short term trade. Had a nice spike in the morning, but retraced almost as fast. Earnings supposed to be before the open so I’ll be looking to exit my position if the fall continues. Something to note, it seems like, regardless of the news, a lot of companies like to drop after an earnings report. Last one was DELL which popped with the excellent report and conference call…popped the AH/PM and the next day, but two days later it was back to pre-report prices. AAPL another good example. Good or bad news probably see lower prices here tomorrow and the next few days.
NFLX-I’ve been saying this over the past several weeks…247 is the magic number here. Today it ran into the 250s but came back down to close at 247.60. Looks like we’re at the 4th attempt in the area. Last three times I wanted to see more of a slow move to 247-more consolidation/sideways action to create some kind of support in around 245. Maybe today was enough to make 247 support…but I’m thinking otherwise--probably downward again toward 240/35 before back up.
View my other posts/give me some advice at http://part-timepennystocktrader.blogspot.com/. Follow me on twitter @BNGESG.
