I last posted that I was going to buy some VMW, because I like the stock, and I did so. The chart, only a week old, shows me higher highs and higher lows on increasing volume. Small baby steps, sure, but going up nevertheless. I have also sold Feb Puts @ 77.50 strike; for those not familiar with options, this is a bullish trade. What I am saying is, VMW won't hit 77.50 by next Friday. I will have short strangles put on by next Monday, after expiration Friday. Most of my trades are selling options for premium, or a credit trade.
Good luck to all, may your week be green. ; )
Does this board only have negative comments. Why? Why are there so many VMW bashers here?
I buy or sell a stock by what I see in front of me. What I see, is that the stock is consolidating. They are going to have a good 3rd and 4th quarter, according to their last phone conference. I don't own any stock yet, but will buy some at 79 tomorrow, if it gets there. I will add little by little as it goes up. It may have some more consolidation to do.
Sure. It is a great stock. Having a few problems now as far as their 5-8 billion dollar London loss. They will absorb that and go on. I bought a starter position today, at a great price, $35.59. Will add to it as time goes by and JPM goes up. Dimon is a great CEO.
If you are set in your mind to buy, buy 200, when the trade starts to work for you, buy 200 more, etc. etc. If it doesn't work right away, wait until it does. meanwhile sit with your shares until the market firms up or sell if it goes down. Only you know what is best for you.
Yes, you are right there, a squeeze occurs when there is more buying pressure than selling pressure, but it's the SHORTS WHO ARE DOING THE BUYING, driving the price up. YES, I KNOW HOW MARKETS WORK, DO YOU?
Hate to hog this space, and I apologize, but if 8 million shares were indeed sold after hours, you have to remember that for every share sold, there was a BUYER. :>}
If you wouldn't touch this stock with a 10 foot pole, why do you find it necessary to post this? Could be you are very short too, and if you are, shame on you too!!
Please re-read your post. It doessn't make sense. If the shorts bought the Funds shares, that means they covered their positions, which is a "Short Squeeze". If there was so much buying then the shares should rise. No?
You sound like you are short to the hilt and trying to panic people who just took a sock to their wallets. Shame on you.
The situation folks is not the best, but instead of looking at the glass as half empty, let's look at it as half full. The bad news is out.
Now we can try and repair the damage. New people in, old people out, a plus, doing something already. Some shorts who are pigs, will cover their position and make money. that's what we are all trying to do. Those shorts who are hogs will get slaughtered. 1.Have a plan for tomorrow morning. Hold, buy or sell.
2.See what is happening tomorrow, is the stock continuing down or is buying coming in. Remember what happened last time when the stock rose 10-15 dollars in one day, when shorts started to cover.
If you don't sell and the stock is settling down, you can sell out of the money covered calls, premiums have been excellent. When the stock price approaches the strike price of the call, you can buy back the call and move it out further, or let it be called and you buy more, and sell more covered calls on those, etc, etc.
Hope this helps guys. Good luck to all.
I just bought some VVUS, and decided to check out the message board. It seems to me that you have more posts by "shorties", than even the REIT boards have. Guy's who are short, who try to panic everyone else here for their own agenda. If you did your DD, then just ignore them. That's what I do.
Go to Barchart.com, type in your symbol, and they give you 2 support and resistance points, a first and second.
"Twist" may force some investors to invest in the stock market, because the short and long term Treasuries interest will be so low. This will help the economy in the long run.
The charts show higher highs and higher lows a good thing. The stock didn't move on the Point and Figure chart, even in the big downdraft in August, another good thing. Volume lately is neutral neither good nor bad. Some resistance at $7.20. My prediction is $7.20 close to divvy time. Caveat Emptor and do DD. GLTA
Given the times,poor economic conditions, and the stuff from the SEC,
and the Europe fiasco, I think I would consider todays action a run-up, maybe not like past runups, but OK for me.