Aren't you happy I got you out of the PUTS position on AIG? Yes, you should be! Let's wait for both the RSI and CCI to reach those levels where we know buyers will dry up and the stock will have no where to go but down... Of course, I will tell you when we get there.
Again, enjoy trading!
Thursday, August 20, 2009
SHLD - My Move On SHLD This Morning...
Jumped on SHLD early with the following PUTS position anticipating the stock was going to go much lower:
Filled Buy to Open 23 +KTQTL Limit 0.20 09:31:29 08/20/09
However, all tech signals showed a reversal at around 09:40 AM and I did not wait to drop my PUTS as shown below:
Filled Sell to Close 23 +KTQTL Limit 0.25 09:48:15 08/20/09
Tech signals will always save you in this business - you just have to follow them religiously!
Enjoy trading!
Filled Buy to Open 23 +KTQTL Limit 0.20 09:31:29 08/20/09
However, all tech signals showed a reversal at around 09:40 AM and I did not wait to drop my PUTS as shown below:
Filled Sell to Close 23 +KTQTL Limit 0.25 09:48:15 08/20/09
Tech signals will always save you in this business - you just have to follow them religiously!
Enjoy trading!
CTRN, SHLD, RTP, GOOG, BIDU & PCLN
CTRN - missed earnings = down from here.
SHLD - very bad; this was a surprise miss and Wall Street really hates this = down from here.
GOOG - upgrade from GS and added to "Conviction Buy List" = up from here.
BIDU - GOOG will take it with it...
RTP - options will lose all premiums this morning and you may be able to catch a few options on the cheap today based on tech signals.
PCLN - left this one out on my original post. Take a look at the reason for GOOG's upgrade (travel) - this is basically an indirect upgrade on this stock by GS... And an upgrade by Barclays today.
Enjoy trading!
SHLD - very bad; this was a surprise miss and Wall Street really hates this = down from here.
GOOG - upgrade from GS and added to "Conviction Buy List" = up from here.
BIDU - GOOG will take it with it...
RTP - options will lose all premiums this morning and you may be able to catch a few options on the cheap today based on tech signals.
PCLN - left this one out on my original post. Take a look at the reason for GOOG's upgrade (travel) - this is basically an indirect upgrade on this stock by GS... And an upgrade by Barclays today.
Enjoy trading!
Wednesday, August 19, 2009
CTRN - Made Money On Both Sides Prior To Earnings...
This was a nice move. Basically, I set up strangle trade positions at the opening this morning and pulled out / sold each side at a nice profit... See trades below. May trade CTRN tomorrow again based on tech signals if SHLD and RTP are not better candidates.
We'll chat again tomorrow.
Enjoy trading!
We'll chat again tomorrow.
Enjoy trading!
CTRN - Thought About Setting Up A Strangle Trade...
I actually set up an early strangle trade on CTRN this morning; however, as most of you are already aware the VIX has settled nicely as of late and volatility is not there for now - so, I will not gamble here. See early trades below:
PUTS
Filled Buy to Open 10 +CJUTE Limit 0.25 09:30:01 08/19/09
Will not hold PUTS position through earnings - see executed sell order below:
Filled Sell to Close 10 +CJUTE Limit 0.40 10:03:33 08/19/09
CALLS
Filled Buy to Open 10 +CJUHF Limit 0.20 09:30:46 08/19/09
Will drop these CALLS position before the close - 3:14 PM right now...
AND SOLD!
Filled Sell to Close 10 +CJUHF Limit 0.45 15:58:09 08/19/09
PUTS
Filled Buy to Open 10 +CJUTE Limit 0.25 09:30:01 08/19/09
Will not hold PUTS position through earnings - see executed sell order below:
Filled Sell to Close 10 +CJUTE Limit 0.40 10:03:33 08/19/09
CALLS
Filled Buy to Open 10 +CJUHF Limit 0.20 09:30:46 08/19/09
Will drop these CALLS position before the close - 3:14 PM right now...
AND SOLD!
Filled Sell to Close 10 +CJUHF Limit 0.45 15:58:09 08/19/09
HURN - Congrats!
Congrats to those of you that purchased those in-the-money CALLS yesterday as I recommended and sold them today when the stock crossed over 20.00USD...
We have a few plays for tomorrow: CTRN, SHLD and RTP. You want to trade these tomorrow based on tech signals (of course!).
We have a few plays for tomorrow: CTRN, SHLD and RTP. You want to trade these tomorrow based on tech signals (of course!).
Tuesday, August 18, 2009
HURN - Follow Up...
All tech signals are getting ready to hit bottom and at that point you can load up with some in-the-money CALLS for some quick profits...
HURN - Is An Early Mover Due To Positive Earnings...
Trade based on tech signals today and do not forget about the SEC investigation...
Monday, August 17, 2009
AIG - Short Covering...
Major shorting covering going on with AIG which caused reversal at around 09:50 AM. Dow almost -200 and AIG still reversing (very strong). Once reversal is done in-traday, we will jump on some nice PUTS again...
Stocks To Watch For The Week Of 08-17-09:
08/17
A, LOW, TSL & VAL
08/18
ADI, CAH, HPQ, HD, PRGO, SOLF, TGT & TJX
08-19
BJ, CTRN, DE, EV, GYMB, HAR, HOTT, NTAP, PETM, SMTC, SNPS & YGE
08-20
ARO, BRCD, DKS, GME, GPS, HNZ, HRL, INTU, OTEX, PSUN, PDCO, RTP, ROST, CRM, SCSC, SHLD, STP, TECD, BKE, PLCE & TTC
08-21
ANN & SJM
Enjoy trading!
A, LOW, TSL & VAL
08/18
ADI, CAH, HPQ, HD, PRGO, SOLF, TGT & TJX
08-19
BJ, CTRN, DE, EV, GYMB, HAR, HOTT, NTAP, PETM, SMTC, SNPS & YGE
08-20
ARO, BRCD, DKS, GME, GPS, HNZ, HRL, INTU, OTEX, PSUN, PDCO, RTP, ROST, CRM, SCSC, SHLD, STP, TECD, BKE, PLCE & TTC
08-21
ANN & SJM
Enjoy trading!
AIG - LEAPS (PUTS) Will Probably Double Today...
Good morning folks!
Congratulations to those of you that held the AIG PUTS over the weekend contrary to my recommendation to sell them to secure some profits last Friday. Today, you will probably double your money - not bad... I have been calling this major drop since 07-20-09 and here we are. Index futures are set for a very ugly day if you are on the buy side - which is the reason why we also dropped the CALLS on CREE.
Stay alert today and do not look at this as an opportunity to get back in. Let's follow all of our rules so that we continue to come out on top in this game of day trading. We can catch AIG again today if you sold it last Friday. I will be providing tech signals entry and exit points today.
Enjoy trading!
Congratulations to those of you that held the AIG PUTS over the weekend contrary to my recommendation to sell them to secure some profits last Friday. Today, you will probably double your money - not bad... I have been calling this major drop since 07-20-09 and here we are. Index futures are set for a very ugly day if you are on the buy side - which is the reason why we also dropped the CALLS on CREE.
Stay alert today and do not look at this as an opportunity to get back in. Let's follow all of our rules so that we continue to come out on top in this game of day trading. We can catch AIG again today if you sold it last Friday. I will be providing tech signals entry and exit points today.
Enjoy trading!
Friday, August 14, 2009
AIG - Let's Not Hold These PUTS Over The Weekend...
Guys, I am recommending that we secure our profits on the AIG PUTS and DO NOT hold AIG PUTS through the weekend. We'll catch it again next week. In the meantime, let's go 100% cash over the weekend including the CALLS on CREE.
Enjoy your respective weekends after a very nice, profitable week.
Enjoy trading!
Enjoy your respective weekends after a very nice, profitable week.
Enjoy trading!
AIG & CREE
AIG - this LEAPS trade (PUTS) continues to be a nice trade. I will provide a recommendation before market close based on today's action.
CREE - let's watch these calls as CREE may go down before it moves up anymore...
Guys, I will be getting a haircut in the morning and will not be watching the markets until after 12:00 PM today. Please call me if any questions (201-519-6899).
Enjoy trading!
CREE - let's watch these calls as CREE may go down before it moves up anymore...
Guys, I will be getting a haircut in the morning and will not be watching the markets until after 12:00 PM today. Please call me if any questions (201-519-6899).
Enjoy trading!
Thursday, August 13, 2009
AIG - My PUTS Recommendation On AIG
This continues to be a great play as AIG is "dying" to go down... I will tell you when to sell these PUTS. See previous posts below on AIG.
Enjoy trading!
Enjoy trading!
Wednesday, August 12, 2009
CREE - This Is An Early Mover Today Due To Positive Earnings...
All,
Get ready to catch another 2.00USD on CREE today after the open. Do not get greedy and sell after those two bucks. I am recommending the following CALL:
Mar 20 2010 Calls 220 Days to Expiration
CQRCG 3.10 3.30
Enjoy trading!
* Cree Q4 EPS before items $0.18 vs $0.16 view
* Q1 EPS view before items $0.21-$0.23 vs $0.17 estimate
* Shares up 4 percent in extended trade (Adds conference call comments, updates share movement)
LOS ANGELES/BANGALORE, Aug 11 (Reuters) - LED lighting maker Cree Inc (CREE.O) reported a quarterly profit that beat analysts' estimates, and forecast better-than-expected first-quarter results on strong demand for energy efficient lighting, sending its shares up 4 percent after hours.
"Cree's first-quarter backlog is at the highest level in the company's history due to increased demand across our LED product line. Most new orders are currently being booked into the fiscal second quarter," Chief Executive Chuck Swoboda said on a conference call with analysts.
Growth in LED demand has shifted Cree's near-term focus to factory utilization through increased capital spending at factories in the United States and Asia, Swoboda said.
For the first quarter, Cree targets capital additions in the range of $25 million to $30 million, primarily for LED component capacity increases in China and LED chip capacity in the United States.
Cree expects first-quarter net earnings of 14 cents to 16 cents a share and income before items of 21 cents to 23 cents a share.
The first quarter view is above analysts' average estimate of 17 cents a share for earnings before items.
Revenue is expected to be between $160 million to $166 million, compared with analysts' average view of $151.7 million, according to Reuters Estimates.
Net income for the fiscal fourth quarter was $9.7 million, or 9 cents per share, compared with $8.4 million, or 9 cents per share, a year ago.
Excluding one-time items, Cree, whose top customers include Seoul Semiconductor (046890.KQ) and Arrow Electronics (ARW.N), earned 18 cents a share.
Analysts on average were expecting earnings of 16 cents a share, before items, according to Reuters Estimates.
Revenue rose 9 percent to $148.1 million. Analysts had been expecting revenue of $147.44 million.
The strong results were partly due to better cost leverage from higher factory utilization and a stable pricing environment for LED chips, Swoboda said.
Cree shares rose to $33.18 in extended trade after closing at $31.83 on the Nasdaq. (Reporting by Nichola Groom and Bijoy Koyitty; Editing Bernard Orr, Anne Pallivathuckal)
Get ready to catch another 2.00USD on CREE today after the open. Do not get greedy and sell after those two bucks. I am recommending the following CALL:
Mar 20 2010 Calls 220 Days to Expiration
CQRCG 3.10 3.30
Enjoy trading!
* Cree Q4 EPS before items $0.18 vs $0.16 view
* Q1 EPS view before items $0.21-$0.23 vs $0.17 estimate
* Shares up 4 percent in extended trade (Adds conference call comments, updates share movement)
LOS ANGELES/BANGALORE, Aug 11 (Reuters) - LED lighting maker Cree Inc (CREE.O) reported a quarterly profit that beat analysts' estimates, and forecast better-than-expected first-quarter results on strong demand for energy efficient lighting, sending its shares up 4 percent after hours.
"Cree's first-quarter backlog is at the highest level in the company's history due to increased demand across our LED product line. Most new orders are currently being booked into the fiscal second quarter," Chief Executive Chuck Swoboda said on a conference call with analysts.
Growth in LED demand has shifted Cree's near-term focus to factory utilization through increased capital spending at factories in the United States and Asia, Swoboda said.
For the first quarter, Cree targets capital additions in the range of $25 million to $30 million, primarily for LED component capacity increases in China and LED chip capacity in the United States.
Cree expects first-quarter net earnings of 14 cents to 16 cents a share and income before items of 21 cents to 23 cents a share.
The first quarter view is above analysts' average estimate of 17 cents a share for earnings before items.
Revenue is expected to be between $160 million to $166 million, compared with analysts' average view of $151.7 million, according to Reuters Estimates.
Net income for the fiscal fourth quarter was $9.7 million, or 9 cents per share, compared with $8.4 million, or 9 cents per share, a year ago.
Excluding one-time items, Cree, whose top customers include Seoul Semiconductor (046890.KQ) and Arrow Electronics (ARW.N), earned 18 cents a share.
Analysts on average were expecting earnings of 16 cents a share, before items, according to Reuters Estimates.
Revenue rose 9 percent to $148.1 million. Analysts had been expecting revenue of $147.44 million.
The strong results were partly due to better cost leverage from higher factory utilization and a stable pricing environment for LED chips, Swoboda said.
Cree shares rose to $33.18 in extended trade after closing at $31.83 on the Nasdaq. (Reporting by Nichola Groom and Bijoy Koyitty; Editing Bernard Orr, Anne Pallivathuckal)
Tuesday, August 11, 2009
AIG Continued...
AIG is trading with the markets today. So a market reversal may also reverse AIG today. However, the price signal on AIG appears to be headed to around 24.00USD today, 08-11-09. All tech signals are at the bottom as of this post - the stock can be really hammered later if tech signals reverse and the stock price continues to go down... I am stepping out with my boys now. You may reach me by phone if any questions at 201-519-6899.
We'll chat more later or after the close today... Enjoy trading!
We'll chat more later or after the close today... Enjoy trading!
AIG Continued...
Momentum bars are shortening and stock tech signals have marked a reversal as of this post... Let it reverse and we'll catch it again.
Follow Up To AIG Trading Strategy
a) We are down over 3.00USD already as expected and as of this post. Those of you that are not greedy can start taking profits... Those of you with nerves of steal can continue to hold this LEAP position; however, I will let you know today when I see a reversal signal...
Enjoy trading - this is a lovely hobby!
Enjoy trading - this is a lovely hobby!
AIG - Trading Strategy For AIG (RSI 94.8)
Define: RSI - please see link attached from Investopedia:
http://www.investopedia.com/terms/r/rsi.asp
Also see technical signal from Investertech below:
http://investertech.com/tkchart/tkchart.asp?stkname=aig&px=&wt=0
This is part of our theory for trading AIG expecting a downward move on the stock. So, I am recommending the following PUTS:
Jan 22 2011 Puts 529 Days to Expiration - Any PUTS here not to go below the 20.00USD strike price which as of 08-10-09 closed as follows:
+VAFMD 6.40 6.80
Enjoy trading!
http://www.investopedia.com/terms/r/rsi.asp
Also see technical signal from Investertech below:
http://investertech.com/tkchart/tkchart.asp?stkname=aig&px=&wt=0
This is part of our theory for trading AIG expecting a downward move on the stock. So, I am recommending the following PUTS:
Jan 22 2011 Puts 529 Days to Expiration - Any PUTS here not to go below the 20.00USD strike price which as of 08-10-09 closed as follows:
+VAFMD 6.40 6.80
Enjoy trading!
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