Huck: Bid $16.42. We don't need no stinkin' stops....we's all strapped into our machines with eyelid holders to keep us from blinking while fingers hover over the buy/sell keys.....We's are one with our machines. And have I ever mentioned astronaut diapers? ;-)
Master slapped the Pooch to the ~$16 line then said enuf is enuf let's let the little ruf run? Bid $16.41. Now up on an earlier in the week "get." Added some this am but then got sidetracked by the likes of NBG and other gambles....which are now giving me a nice week-end. ;-) About an hour and a half left...let's see how this one closes.
The finny's are weak overall. Zack's might have the right thoughts on it. All the legal wrangling and roiling across the sector. You know...the usual FUD. Plus I was reading something somewhere about the Fed's trying to figure a way to associate corporate miscreant behavior that led to disasters to the individuals within the corporation more strongly. For instance....right now any post 2008 spankings by the Fed's of businesses (read here banks) is confined to the corporate fines and such. There's no action brought against any of the individuals responsible for the malfeasance. None. There are thoughts to put individual NAMES on the dockets and such....
And you know something....I don't think I have a problem with this. "Rifle shot" responsibility for a corporations irresponsible actions ain't necessarily a bad "thang." It might go a lot further in reducing such acts than mere fines and penalties (which are typically tax deductible).....slap the individual miscreant's names up there for allllll to see......yeppers.....the might work out juuuuust fine.
Ummmm...just some thoughts. Bid $16.04
Teton: Indeed. Straight 45 degree downbubble the last 5 sessions. It has been known to happen with this equity. In almost routine fashion. It crawls, it slithers, it belly crawls and rolls its way upward straight into WACK! Down hard over an ensuing period of session. All part of the larger chug and churn I suppose.
Anyway...bid here at $16.01 puts an older resistance/support line back on the table. At least....possibly...that being down around $15.70. Hard to say if it'll actually do this...right now I see it as going down to closing the Feb 6th gap, which it now has done. That plus crush those $16 Calls. What happens next? Well...let's see if it bounces (next week) on volume, or breaks down on volume. If it does the former then I'd look for a revisit to the $16.40's....if the latter occurs....did I mention $15.70's?
Nest: WANTS to roll over? Ummmm.....4 sessions back the bid was testing $16.75.....me thinks it done rolled over.... ;-)
I suspect Masters mission today will be to crush those +91K in outstanding $16 Calls....just a WAG of course...bid now $16.07.
Looks like Master used a ~4M worth of sell side shares as an anchor around Poochies next. Tied it 'round the 'ol next then dropped it off the edge of a bridge. Looks like a test of yesterdays session lows is setting up....again....let's see how it plays out.
Excepting if you believe the old adage that the market always knows before "retail" and it's reflected in pps movement? Just an adage of course. ;-)
Excepting tortoise driving is now proof against a car careening down the road sideways straight at....you.... ;-) One is never in complete control of their fate....no more when playing this game than when driving that car. It is what it is. You just don't put your "bank" in harms way. Meaning...don't let greed overwhelm rational thought. This ain't to say GILD ain't great...it is....only it's not platinum coated paper. It's a bio-tech. One subject to all the usual TA-related foibles. For now I simply view GILD as in a wide channel. One defined by ~$96 to ~$107. As a trader I play it accordingly until the channel gets violated....or my car gets smacked. ;-)
Closed red at $16.21...off ~8pennies. But it recovered off the intraday lows so I guess that says something. Below average volume, though....anyway....looks like a fair amount of volume on tomorrows closing $16 Calls...+11K on an open int (still) of +94K. Looks like some rollin' out going on? Mar 20 $17 Calls show a volume of +25K on open int of +166K. If I truly understood options I'd say it looks like Master is setting Poochie up for a revisit to $17 by this time next month? But what do I know about Options.....they ain't my forte....just looking at certain Options, their current vol's and int.....
And to think we get to do this again tomorrow...now to go melt some snow....
And if wishes were horses even beggars would ride. Reality has a strange, sometimes very rude, way with dealing with any/all prognostications. Let's see what it votes. ;-) Bid $1.580.
I stepped away for a time. Looks like you might be bet with the "low $16's as a firmer floor" comment. The scary screamer portion of the current ride might be over? Bid $16.28.
Nest: Your comments back a time piqued my interest so I've now got a ~$47.50 position in 'em. I figure I'll hold it for a time unless the industry does take another big dump. Some of the others, like USO, etc., have been channel bound lately...which might be indicative of a trend change....but we'll have to wait and see. It's not a play I expect will be sprinter reactive. More likely it'll be...*cough cough* heavily laden oil tanker reactive. Sorry...couldn't help meself... ;-)
Hmmmm.....now here's an interesting thought.....the Feb 20 Options...check the open interest in the $17 calls....it's +108K. Then check the open int on the $15 Puts....it's +102K.
What're the odds Master is gonna set Poochies nose to end Friday at....$16?
It's doing almost exactly what it did from ~Jan 23 to ~Feb 1....went on a downside tear from ~$16.20 to less that $15.20. The action has been dam near identical to that period,. At least this run is happening from a high level but it's frustrating if you're watching the tick's...even trading it....I keep looking for a turn but nope...each upside pulse proves a feint into more downside. There may be a couple more sessions of this sort of thing before it carves out a bottom....but let's see...bid now $16.12 andtaking a lot of heat....