JCP-Grabbed some puts on this as it was just above 34. Gapped down, tried to get back to green but got slapped. Then rested around 34 all afternoon. I’d like to think with the volume fading and the price flat-lining that this will drop again tomorrow, with a target of 32.70s…but a bounce in the market could send this back up. Another JUN expiry so I’m out tomorrow regardless, just a matter of when in the day will I close.
AKAM-well, with the help of a sick market I made some 40% on my puts (bought at 1.30 out at 1.90). I closed out when this was at the low 29s a few minutes after the open…if I held longer probably a lot more profit, but I was preoccupied with other things (work) and so I needed to take the money when they were there. Nice overnight trade I’d say. The patent news from Limelight I posted earlier but I don’t think it came out on the wires…maybe its not worth anything. Goes to show that the chart usually trumps the news, immediately or eventually. Hats off to the chat room at www.investorsunderground.com once again for a winning trade idea.
MOBI-testing that 6 support again. Seemed to fight back a little towards the end of the day…reversal (again) tomorrow?
POTG-yes, that’s a 1 day chart. I waited for whatever pull back I could get and bid above the ask…got in at .248 and let it go. Another trading idea from the chat room. Have a limit sell order for the open in anticipation of a gap, will readjust (lower the limit) if it looks like the prints and/or ask/bid are showing lower than the close. Gotta plan for a green and red open…my mistake from JAMN last week (only planned for the green open). Mentioned this stock(somewhat) with a tweet: a penny play shaping up, starting to look semi-sexy...but coffee from last week still fresh in my head =P.
NFLX-alrighty, so this is starting to look nice…don’t like the inverted hammer, but there looks to be some consolidation going on here. Low 256, looks like the 255 area is testing well as support (250/55 is my guesstimate).
AAPL-and 325 holds again…well it dipped a little below but who’s counting? Still thinking the same game plan. A slow rise to 340 would be nicer than another gap (and crap).
Follow the rules: Cut losses quickly; Don't overtrade; Take profits/sell into strength; Don't chase, watch for the pullback; Have a plan and stick to it
View my other posts/give me some advice at http://part-timepennystocktrader.blogspot.com/. Follow me on twitter @BNGESG.
AKAM-well, with the help of a sick market I made some 40% on my puts (bought at 1.30 out at 1.90). I closed out when this was at the low 29s a few minutes after the open…if I held longer probably a lot more profit, but I was preoccupied with other things (work) and so I needed to take the money when they were there. Nice overnight trade I’d say. The patent news from Limelight I posted earlier but I don’t think it came out on the wires…maybe its not worth anything. Goes to show that the chart usually trumps the news, immediately or eventually. Hats off to the chat room at www.investorsunderground.com once again for a winning trade idea.
MOBI-testing that 6 support again. Seemed to fight back a little towards the end of the day…reversal (again) tomorrow?
POTG-yes, that’s a 1 day chart. I waited for whatever pull back I could get and bid above the ask…got in at .248 and let it go. Another trading idea from the chat room. Have a limit sell order for the open in anticipation of a gap, will readjust (lower the limit) if it looks like the prints and/or ask/bid are showing lower than the close. Gotta plan for a green and red open…my mistake from JAMN last week (only planned for the green open). Mentioned this stock(somewhat) with a tweet: a penny play shaping up, starting to look semi-sexy...but coffee from last week still fresh in my head =P.
NFLX-alrighty, so this is starting to look nice…don’t like the inverted hammer, but there looks to be some consolidation going on here. Low 256, looks like the 255 area is testing well as support (250/55 is my guesstimate).
AAPL-and 325 holds again…well it dipped a little below but who’s counting? Still thinking the same game plan. A slow rise to 340 would be nicer than another gap (and crap).
Follow the rules: Cut losses quickly; Don't overtrade; Take profits/sell into strength; Don't chase, watch for the pullback; Have a plan and stick to it
View my other posts/give me some advice at http://part-timepennystocktrader.blogspot.com/. Follow me on twitter @BNGESG.
