UVXY had a high of 39.11 when SPY low was 190.55
I am thinking of scaling in by buying some put spreads when UVXY is above 35.
Last Wed's low of 30.71 appears to have provided support, at least for today. Lets hope the market stabilizes. Otherwise, a retest of 27.50 If it does drop to this level before earnings, it will be a great buying opportunity.
BBY should be replaced with HGG on the list.
Take a look at the Net Income for HGG on an yearly basis and then on a quarterly basis. The stock price and it's earnings appear to be in a downward spiral.
A flexible phone could actually be the phone of the future. A flexible circuit board and flexible battery would would be incorporated into a flexible housing.
I have an iPhone 4. It is very solid. It will not bend.
Everyone these days want a thin phone. The thinner the better. It is inevitable that this would happen.
Look at the price action after it peaked on April 22. This could correspond to the peak on Sept 19. Lets hope it will be different this time.
This appears to be a very technically traded stock. The two previous lows occurred on Dec 5 and May 7. If this cycle continues, the next low should occur around Oct 6. Hopefully, the 27.50 area should provide a solid price support.
If you look at the chart from Sept 2013, MNKD is now trading at the same level exactly one year ago
A couple of weeks later, it hit a low of 4.37
Do you know if BX will have an ownership interest in these IPOs?
Or is their role merely an adminstrative one just to collect a fee?
The first major support level could be 83.85
This would be a 50% retracement from the high. Although the IPO price of 68 was never reached, this could play out as a psychological low for the analysis by traders.
Jon Najarian said he sold his BABA shares near the open. He probably got in at the IPO price of 68 and sold close to 99. Nice profit if you are part of the inner circle. With all of this extra money going into the market, is there any money left for buyers to continue buying stocks at higher prices?
It does look like a double bottom. However, another way to look at this would be a descending triangle having a flat bottom and a downwardly sloping resistance line formed by lower highs. The price would have to rise above the resistance line to remain bullish.
I am expecting some longs will be selling into any YHOO rally tomorrow to raise cash to buy Alibaba thinking it will be a better long term investment.
If on Friday morning the share price were to spike up to 50, it may be difficult to get a good price to sell your long calls since they will be deep in the money. One thing I sometimes do to lock in my profit would be to sell short a higher strike call. In this case, you could maybe sell short a Sept 45-48 call and create a spread against your long call. Then you are able to close it out as a spread and get a better price. Instead of selling your calls in 0.10 increments, you can close out your spread in 0.01 increments. Of course you would have to close out the spread before the end of the trading day if they are Sept options.