As I said unless you are a day trader very few investors put much weight into a the daily volume based on a monthly average, especially since this month was a record low volume month. So even by looking at such a narrow time frame, less then a 10% rise in volume in a record low volume month seems insignificant. They are buy back from the weak retailers.
The monthly average is just below 10 M. So, at this point 40 min from closing the volume will not FAR surpass the daily average but will be close to it. However the standard use of daily volume average for comparison is normal done with the 3 month average which is just over 16M. Therefore the recent depressed volume remains at close record lows even with this large loss of pps today.
Exactly. But under all the circumstances (all the good reasons to expect a healthy pullback from the highs, etc,) it was a low risk trade if you are willing to settle for profits made by being exercised at the strike price if it gets away from you before you buy it back. And remember the erosion of time is on your side.
It certainly could. My guess some consolidation and drifting in the low 120s before new momentum either way. The new high everyday momentum is definitely over for awhile. There could be another run back to the old highs into earnings.
Another genius, how much $ did you not make on the pullback from the highs? Here is a little lesson for you, notlivingitup40, because I feel sorry for someone so stupid. If you would have sold covered jan 16 calls at pps130 and bought them back today you would have made over 40% in about 2 weeks. Only suckers sell naked. Don't hurt yourself trying to figure it out.
Why the thumbs down, berchick? Don't hate the messenger. If you would have taken good advise you would be richer today instead of poorer. You're fault, not mine.
raleightrader101 • Mar 3, 2015 12:56 PM Flag
Despite market turbulence, do not sell GILD today, it has strong supports around $102
wrong again Raleighy. Remember when I posted that pps should test 100 before it moves up again and you posted 102 had strong support? Looks like you have been ratcheting your technicals down as they are broken through. So, when do we see 95.
How are those calls I sold you at 130. Ha. The so obvious pullback on the news(watch presentation and shareholders meeting, profit taking, and market correction) is happening just as I posted. But Noooooooooo greedy fanboys said Buy Buy Buy at 133 and now they Die Die Die instead of increasing aapl profits. Too Bad.
"GS so they of all people will know exactly the mechanism and I am sure they are very honest in ensuring a strong firewall between the BB team and the rest of the company etc." GS? I hope that was tongue and cheek? If GS is handling it that would explain everything.
Going down with the market, just in time for buybacks. Should recover and make new highs later.
You are the dumm *az*sz* who posted that, not me. Was today the last time you are able to buy below 127??????? hahahahaha.
I kinda feel sorry for the suckers that bought calls this morning-----------naaaa. They are gonna get creamed on the after the watch presentation next week---------it always happens.