|
|
Post by DJF on Jan 12, 2004 18:57:25 GMT -5
|
|
|
|
Post by swatteamequity on Jan 12, 2004 20:39:27 GMT -5
Wow I was looking at PWAV and TRAC myself...  |
|
|
|
Post by DJF on Jan 14, 2004 18:49:36 GMT -5
Swatteamquity - PWAV looks of value today on a bullish harami with a doji.
From stockcharts education section
Candlesticks: Bullish Harami
The bullish harami is made up of two candlesticks. The first has a large body and the second a small body that is totally encompassed by the first. There are four possible combinations: white/white, white/black, black/white and black/black. Whether they are bullish reversal or bearish reversal patterns, all harami look the same. Their bullish or bearish nature depends on the preceding trend. Harami are considered potential bullish reversals after a decline and potential bearish reversals after an advance. No matter what the color of the first candlestick, the smaller the body of the second candlestick is, the more likely the reversal. If the small candlestick is a doji, the chances of a reversal increase
|
|
|
|
Post by DJF on Jan 23, 2004 21:10:58 GMT -5
Sold BRKT covered call options for Feb, strike price $15.00 @ $1.80.  DD as always, DJF |
|
|
|
Post by DJF on Jan 26, 2004 20:48:22 GMT -5
Might have been a little premature selling the BRKT covered calls as the stock closed at new highs. Watch for move to $17.50 on a pre-earnings run. The bearish divergence in MACD and OBV, with two bearish candlesticks showing long upper shadow were the reason to sell the options at the lower strike price. Todays close negated the bearish candlesticks, but not the bearish divergence in MACD and OBV. We will see how this plays out.
DJF
|
|
|
|
Post by DJF on Feb 23, 2004 15:19:56 GMT -5
Options exercised at strike $15. Stock performed better than expected. The strategy was right in that prices retreated below $15 from time of covered call sale, but bullish strength sent prices back to resistance c$17 and lead to the breakout to $20.00 before the expiry date hit.
DD as always,
DJF
|
|
|
|
Post by DJF on Feb 25, 2004 16:56:46 GMT -5
Took two option positions today  stockcharts.com/gallery?MSOHolding 5 Jun $15 puts @ $3.10  stockcharts.com/gallery?CNXTHolding 5 Jul $5 calls @ $2.45 ------------------------------------------------------------------------- MSO Two bearish candlesticks at resistance - its an aggressive counter trend play that will be negated by a solid break above resistance. Todays black candlestick spinning top was more bullish than I expected (the order placed was a market order for this mornings open - so I acted without todays price action on the expectation that MSO would be weak). I am looking for a move to $11.00 support - therefore I bought a June, in the money put - limiting the time factor cost, but giving the trade plenty of room. Whatever the outcome of the trial there will likely be a "Sell on the news" action. CNXT A very bullish stock that has shown excellent upside volume compared to the last couple of weeks shoddy tech action. Todays volume move confirmed a resistance breakout. Initial target of $10.00. Bull trends take longer than bear runs, so the call option was bought with a July expiry date. Again, bought 'in-the-money' to reduce the time cost of the option. DD as always, DJF |
|
|
|
Post by DJF on Feb 29, 2004 1:36:19 GMT -5
Caught out by the unexpected Judge ruling - although if same was announced next week a similar reaction was likely. Huge volume breakout - so sold my options for a 29% loss. Cash wise - wasn't a great hit, but all losses sting. Hindsight could say it was building a cup-and-handle, but I lead off the candlesticks and was wrong. Didn't go long as I was late to the action, and still expect a sell off once the jury reaches its verdict.
DD as always,
DJF
|
|
|
|
Post by DJF on Mar 3, 2004 16:38:15 GMT -5
Time to revitalise my account. Cut the non-performing TRAC for a 20% gain - likely to break the bullish flag for a move back to $2.00 - but there might be sufficient time to buy this back if needed. Needed a spark, and although this did well to $1.80, consolidating nicely on low volume - I wanted some money to take advantage of a potential market reversal after todays bullish action.  stockcharts.com/gallery?TRACForgot to post the FNIX trade from last week as the message board was down. Not the smartest of entry points, having entered the day following a black candlestick. The recent volume interest should favor a RHS base to $1.00 resistance, but the eroding declines means it could take longer than anticipated to form.  stockcharts.com/gallery?FNIXCCI options mark a breakout play from a 5 month consolidation. Price target for breakout is $15.25-16.00. Short term play - expect to sell before time expiration starts to decay.  stockcharts.com/gallery?CCIDD as always, DJF |
|
|
|
Post by DJF on Mar 19, 2004 18:11:54 GMT -5
Little to gather more attention at launch. Massive float, so not expecting any stellar moves to $1. But could sneak to $0.10 on mometum. Half decent chart, small cash exposure. Pure speculative play - no fundamentals.  stockcharts.com/gallery?QBID |
|
|
|
Post by DJF on Apr 2, 2004 18:02:42 GMT -5
Sold May $7.50 covered calls in PWAV at $1.05. Todays black candlestick looks ready to push prices back to $7.00. The upside volume has been meagre since its crash through $9.00. The net return is 19%, but considering I had set a sell target of $10.00 (and ignored it when it was hit) - I have paid the price for my greed. Lows of $7.00 should hold, but I remain uncertain as to how long it will take for this stock to get back above $8.50.
Maybe tomorrow!
DD as always,
DJF
|
|
|
|
Post by DJF on Apr 8, 2004 12:59:15 GMT -5
I didn't like the low volume break of $14.00 after days of continous gains. Technically, the breakout has strength, but the lack of volume and the short time frame of my options left me to decide that caution is the better play - it would be unlikely the options would last a pullback into expiry.
$0.50 profit per option.
DD as always,
DJF
|
|
|
|
Post by DJF on Apr 8, 2004 14:29:59 GMT -5
Intraday bearish descending triangle. A daily black candlestick at $100 resistance. A run from $47 that has not corrected. Negative money flow. The offset of this is a very strong weekly chart showing increasing prices on rising volume. The cover point is a break of todays highs ($102). stockcharts.com/gallery?tasrDD as always, DJF |
|
|
|
Post by DJF on Apr 13, 2004 13:12:01 GMT -5
Sold all my QBID at $0.01. Intraday rising channel on low volume after topping at psychological $0.01 resistance. A nice 280% return for 3 weeks ($0.0073). stockcharts.com/gallery?qbidDD as always, DJF |
|
|
|
Post by DJF on Apr 14, 2004 15:02:45 GMT -5
After breaking $96 resistance yesterday TASR held up well against heavy market selling. Late intraday rally is possibly a bearish flag - but also shows a potential ascending triangle from the move off $92.55. The close over $96 was the reason to cover this play (options expire Friday). Tomorrow looks like it will be another up day, although a move over $100 looks unlikely. A 3-month put option play would have been better here. Will continue to watch with interest. A sharp move to $80 is still on the cards - the question is when. stockcharts.com/gallery?TASR$1.30 loss per option DD as always, DJF |
|
