We should see a 10%+ move after hours with a follow thru
tomorrow into the $320+ area.
Should be at least a double come tomorrow.
Worth 1 contract or 2.
Good luck to the longs !
Hello, SM, Boy r u right about this market, I fell for the
inviting 30 points down move on MA and bought in...too soon.
What do you think about next week ? Do think there are any
plays worth chasing ? And I wanted to ask you, how long have
you've been doing this and not work a regular job ?
You don't have to tell me, I was just curious.
When do you decide to sell a loser ?
How long do you hold winners ?
Sorry to be so nosy, I was just hoping to be able to do this
as well - how much money are u using for this, if I may ask ?
Have a great weekend and if you don't want to tell me
everything, it's all good !
Thanks again for all your help, SM !
PHew ! I am off to enjoy the weekend ! Man, this was a really
tough week trading for me (I'm sure it wasn't easy for you all
out there)! I covered my MEE 80 CALLS at a nice 80% gain today,
my SU 60 CALLS for a 15% loss and I am holding on to my
disastrous FLS 145 CALLS.
I will do some home work for next week on Sunday, hopefully
it will allow all of us a better net return !
So far, for the quarter , I am up still a pretty
respectable 25% on my trading dollars (I am striving for a
net positive of 15% per/earnings quarter).
With short term Capital gains, a return of 20% per year is
necessary to maintain my lifestyle of NOT working 9 - 5.
Not EZ, not EZ at all.
Hopefully by next year I can get it down to 15% of my capital
Have a nice weekend, everyone !
Hope u got out of MA after the nice move back. Boy, this has
got to be the toughest market EVER to hold on to a position !?
As my friends working for a couple of Hedge funds tell me,
BUY THE DIPS AND SELL THE RIPS, period !
That's all one can do, you see a profit....take it !
Holding MEE, SU and FLS (down $3,500 on paper)
Tomorrow's employment report should make for interesting
Good luck, everyone !
Sorry, folks on MA ! The expectations were just too tough to
be considered a prudent speculative play (for the options).
Way too expensive for me.
Grrr, I hate when the market over reacts to economic numbers
like the ones we got today (GDP# and Weekly Jobless Claims), it
makes it impossible to calculate the % moves by certain stocks.
Keep ur eyes on FLS and FSLR (as well as MEE) - should get lots of action.
Staying with my MEE CALLS til tomorrow (unless I see $85
Looking to play the AUG 150 CALLS on FLS, perhaps.
Good luck, everyone !
p.s. I am long out of GOOG, Appolona !
O.k., here is my take on MA and V for tomorrow as well as a few
others I have been studying all afternoon/evening.
First of all, in my opinion, MA will beat the street, however,
NOT as significantly as last quarter, hence I would only buy
the $300+ Calls AFTER the report (if at all).
My favorite play after seeing their earnings release is....
FLS, they knocked the cover off the ball and if I am lucky
enough to get the $150 CALLS for less than $3 tomorrow, I
will be all over them. The stock rarely sells off after
earnings and will be a hell of a day-trade.
FSLR also had a great quarter, the stock HAS to trade over
$310 tomorrow to allow a options buyer from yesterday to make
any money on their risk, possibility to buy the $300 CALLS
at the open IF under $10 or so (not likely though), above
that wouldn't be worth the risk - IMHO.
CHK should be a great play for the $55 CALLS tomorrow (today
would have been even better), earnings release on Friday Pre-
Market. Should DESTROY the numbers !
MEE, in my opinion a lock for $85+ sometime by Fiday, with
the entire sector showing substantial earnings improvements
year/year (ACI, CNX, ANR).
Hopefully this gives some of you out an idea or two to make
FAST money tomorrow !
All the best,
HAPPY TRADING !