Wes--I had wondered if you were. I went long around $76. Hate to be betting against you, but after seeing it go sideways for a couple weeks, I think we MAY be ready to turn higher. I agree that APA hasn't given investors a lot to get excited about lately, but with so many stocks having had such big moves. we may see new money looking for stocks that have been left behind. I'm just looking for quick $2-$5 here, but might stay longer if volume improves as the stock moves higher.
The good news is that those same shorts can be nice fuel to move us higher if we start getting some volume and chatter about getting close to a deal. Having Ethan speaking out more about opportunities in the sector can't hurt.
Going higher because I sold half my position at $23. I'll be very happy if it keeps going higher. May be related to the "affordable care act" and women beginning to realize they can have the procedure done with little to no out of pocket expense whatsoever if they are insured. I'm enjoying seeing this steady march higher and higher.
Anyone following this issue closely and have a take on where it goes? Could set off a firestorm of short covering at some point if they can repeal it.
Can't post the link, but search "repeal of medical device tax" and you will find immediately. Don, you or others here have any guess about where this goes?
Yesterday's move in MAKO was a buying opportunity IMO. Time will tell.
I'm guessing someone with a significant position finally got fed up with it and pressed the sell button--just wanting OUT regardless of the price. We don't need any more bad news here.
either someone knows something bad we aren't seeing yet or they are shorting it to buy cheaper to buy before they begin promoting what a good buy it is. Hoping the latter.
Stan--Have to agree with you. The time frame we are given is useless. I guess the good side of such a wide open time frame is it cuts down on wild speculation (like the option money I and many other lost). Is your name a combo of Stan Getz and Henry Mancini? Tough to even trade swings on EVEP now as they are so small.
Wes--Took my small loss last week in VXX. Making a short bet on AMZN earlier today. I think the hedge funds had their fun with AAPL, then ISRG, and now AMZN. We shall see.
Sold part of my AAPL at $456, but hope it goes much higher. If not, I'll buy back shares I just sold.
Call me suspicious, but it looked near the close for all the world that someone was accumulating with orders to make sure the stock did not close higher for the day, so that more could be bought at this same price. If I am right we will see more of the same until someone has the stake they want, and then they will start moving it higher.
I thought I was making a great buy when it was down .60 and was shocked a short while later to see it down a buck. But we may end up in the green the way it is looking. Don't let them shake loose your shares here!
Can't believe I cancelled order for ISRG puts yesterday because I was headed to lunch and was afraid they would run it back up and I would lose the entire premium on out of the money puts. Order for the Mar $510 puts would have filled at $11.20 and are now bidding $53.50. VERY annoying!
Already done 1/2 the usual volume in 1 1/2 hours or trading. I'm guessing that picks up as the stock move gathers steam.