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JULY STOCK TALK V

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Posted: #26
Depeche,

I saw that move yesterday, the push to a year high broke like a SIX top resistance (pull up a 2 yr chart) and when you see breakouts like that it could either run a bunch more or consolidate and the top becomes support.

Gunners, CRDC volume today is the most I have seen in quite some time, she is pushing through 10 again now..lets see where they take it. Might be an ISRG move since it is up almost FIFTY points.


 
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Posted: #27
i've got a sell order for 300 of the 500 at $10.20.  i might hold the rest, giving me 1500 keeper shares.  i love the action in the stock lately. 
 
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Posted: #28
Well this is SLOWLY making up for my losses on IMB, so I am looking for even higher numbers before I sell.
 
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Posted: #29
Gunners,

You are OUT on the 10.20 sell..

Good job.
 
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Posted: #30
yup, nothing like grabbing a full point move on a $9 stock in one day!
 
I put the other 200 shares at a 9.80 stop, which is where a good amount of support was found today.  my other shares will remain long terms. 
 
 
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Posted: #31
ENER is setting up for a real nice short below $65.50.  50 day MA is there, as well as a 15 day trend line that has been tested again and again.  This thing could break down to $62 tomorrow, and then $57 the next day.  I bought 4 anticipatory puts at the close today, will add tomorrow if it opens below $65.50.  keep an eye on it
 
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Posted: #32
Quote Originally Posted by claycourtlesson:

Today, Wednesday, Jul 23............am looking for SP 500 to take a dump.
 
Will get short SPY at open (as long as it is up and people are giddy) and cover before end of day.
 
Cheers

This ridiculous "short-covering" rally is nothing but a bunch of mularkery. 

Only dumb money is buying now, let's face it.

We're headed for Great Depression II, let's also face that.

Very stong with my C and SPY shorts.

 

 
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Posted: #33
CC,

They dropped the market 20% in little to no time, they can run it for quite some time until it stops.

WFR getting smacked in after hours, NTRI up, BIDU scam up..




 
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Posted: #34
Grinder,

Those AAPL 170s are back in favor again..


 
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Posted: #35
WSC-
 
Yeah, "they" can run whatever "they" want.  I know the deal.
 
And, as you know as well as I, this mularkey short-covering sucker's bear trap John Q Public 401K dummy rally has no underpinnings.
 
Therefore, I remain, and will remain strong in both C and SPY shorts.
 
As the wicked witch of the west once said to public 401Q K Dorothy................"all in good time."
 
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Posted: #36
Quote Originally Posted by wallstreetcappers:

Grinder,

Those AAPL 170s are back in favor again..


 

I was loving it but chickend out when it was pulling back a little and sold at 4.00.

 
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Posted: #37
Well I am glad it panned out, better than selling the day of.


 
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Posted: #38
Quote Originally Posted by wallstreetcappers:

Well I am glad it panned out, better than selling the day of.



Thanks WS, slowly but surely determined to take profits as soon as I can.  Gotta get back some of my monster losses.  LCC covered call worked out fine last month but would have been better rolling it up.  Wish I would have replaced my Drys 90's I sold with the 80.  got greedy and missed limit order 2 days in row.  I want in before earnings.... sitting on lots of cash (for me) and some imb pinks sheets LOL.
 
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Posted: #39
Grinder,

Dont touch IMB, I am not adding. They got so screwed it is pathetic. The week after they throw them to the wolves the whole sector runs 20-60-100%, now Fannie and Freddie are backed and the whole issue is resolved, yet IMB was the lamb who went down unjustly. If Schumer hadnt opened his trap it would still be listed and I bet it would be at 3 bucks plus..not joking. They had enough cash to handle the needs and they shedded the mortgage side, like WB did and look how they ran it.

We got screwed period..not the first time, not the last.

I have to look forward and think that my view on DRYS will more than make up for any losses I have in current and past positions.

I didnt like the CCs on LCC, did you sell the 2.50s? That made no sense to me being that low in the first place..too much upside and negativity already in to sell CCs that cheap.
 
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Posted: #40
Quote Originally Posted by wallstreetcappers:

Grinder,

Dont touch IMB, I am not adding. They got so screwed it is pathetic. The week after they throw them to the wolves the whole sector runs 20-60-100%, now Fannie and Freddie are backed and the whole issue is resolved, yet IMB was the lamb who went down unjustly. If Schumer hadnt opened his trap it would still be listed and I bet it would be at 3 bucks plus..not joking. They had enough cash to handle the needs and they shedded the mortgage side, like WB did and look how they ran it.

We got screwed period..not the first time, not the last.

I have to look forward and think that my view on DRYS will more than make up for any losses I have in current and past positions.

I didnt like the CCs on LCC, did you sell the 2.50s? That made no sense to me being that low in the first place..too much upside and negativity already in to sell CCs that cheap.

Definately not touching any more imb thats for sure!! Yeah I bought the 1000 shares of lcc at 2.45 and sold the 10 calls at .50.  I was looking at it as a 20% return for a few weeks standpoint and some downside protection at 1.95.....thought i'd just sell new ones if didn't get called away.  Appreciate your honest opinions, just giving you my thought process on it.
 
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Posted: #41
Quote Originally Posted by AZGrinder:


Yeah I bought the 1000 shares of lcc at 2.45 and sold the 10 calls at .50. 

oh yeah, those were july's by the way.  had a chance the day before expiration to buy back for .05 and sell the august ones but said "f" it and figured I wait one more day and let them expire worthless. Didn't pan out though.  Still made over $500 though at least.
 
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Posted: #42
Grinder,

This is/was my thinking..

You buy CC stocks because they are range bound and you trade them IN that range.

LCC wasnt range bound and was really broken down, thus if it went higher, it could REALLY go higher. A CC on that stock didnt make sense to me, just the same way a CC on a stock like CROX or NTRI or C or FNM doesnt make sense.

A CC on a stock like CSCO, EBAY, GE, MSFT, YHOO etc in the lower channel DOES make sense.

Hope that clarifies a little.
 
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Posted: #43
Lost some money yesterday on the SPY short trade, but going to open it again today on first move upward this AM.
 
Am not believing any of this short covering foolishness.
 
These banking iceholes should've been thrown under the bus, but Scholar Ben printed more money, and Jimmy Rogers is right:
 
WE AIN'T SEEN NOTHING YET
 
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Posted: #44
I hope someone else is catching this short in ENER!  thing is falling off a cliff right now.  i added more puts this morning, sitting pretty now!
 
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Posted: #45

  A real question to me is how long will it take GM and or Ford to declare bankruptcy...or which one will be first...I am close to a lady whose late husband worked for F for 35 years and she is very worried.Have not been able to help her frankly, too much happened to me lately.

 I remain bearish, but I hope not overly so...but nothing has happened to make me feel Rogers is incorrect...

 
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Posted: #46
Quote Originally Posted by Gunners:

I hope someone else is catching this short in ENER!  thing is falling off a cliff right now.  i added more puts this morning, sitting pretty now!

Covered 1/3 of my position when ENER was at $62.  there is decent support there.  i think it will fail.  next stop is $57.  if not, i will sell the rest of my puts if it gets back above $64

 
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Posted: #47

 GL Gunners, think you have been on a roll ...keep it up bro

 
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Posted: #48
ENER is dropping, 20 pts in one month is pretty heavy. If it drops back to near the big gap up I would be interested.

CRDC with volume again, making a decent move so far, but they can drop it 20 cents on a 2k share market order..


 
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Posted: #49
Had planned on getting back into SKF but due to appts all day, missed the $13 move.
 
 
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Posted: #50
I dont like it when others lose, but man I was spot on about CROX, down another 50% today.


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