Most articles are saying no showdown. I cautiously re-entered the market with may calls on ALKS ten contracts at 18 strike. Strong pipeline and revs coming in. Another strong pharma this year will be uthr.
SCCO is stomping. I am glad you covered your short so quickly.
AGNC earnings in two weeks. Too scared to enter until then.
Yeah, thanks with the SCCO short comment.
The feeling I had told me to cover.
I guess I missed the "then buy" part. :(
Well, at least I covered(@40.03). :)
SCCO is now around 41.25.
The rise was as quick as I had originally thought the fall would be.
With SCCO, its pps fell rather quickly each of the last 3yrs, and usually starting January-March.
SCCO's pps rose to a higher high this year
That, along with the big 2.75 dividend last quarter, made me think that a big drop was imminent.
It still very well may occur, but I'm not thinking of shorting them again.
I was luck to away with barely a scrape and I'm not pushing my luck.
The more stupid thing was to sell them in the summer at 31.73
A nine-fifty pps gain in five months, plus two ninety-nine in dividends,
Wow, now that is a fish I regret letting get away.
I am curious why volume interests you. Market technicians have debated the relationship between price and volume for decades. At the MTA Florida regional (starting today) I am sure it will again be the subject of roundtable discussions. Some (Mark Leibovit) has made a career out of volume relationships "Volume Reversal Indicator". Mark publishes a year-a-head forecast for most major markets every new year. Tries to forecast hi-lo points and time durations. Over the years he has been surprisingly accurate (within time margins).
Other than volume on inflection points bowoffs/selling climaxes; I feel the predicative use of volume is found in the relationship of volume and open interest.