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Post by benvestor on Mar 16, 2012 13:45:30 GMT -5
so sell off today or small squeeze... i need some input please
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Post by benvestor on Mar 16, 2012 13:48:46 GMT -5
sounded like a robot there.. just considering a quick option scalp.. looks like we go up slightly from here.. but dont want to waste my time if we just muddle around
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Post by Ralf on Mar 16, 2012 13:53:50 GMT -5
Bitter irony---
BAC.....+5.3% FAS.....+.53%
OPEX SHMOPEX!
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Post by huh? on Mar 16, 2012 13:57:39 GMT -5
Bitter irony--- BAC.....+5.3% FAS.....+.53% OPEX SHMOPEX! I noticed that as well. 'They' wouldn't just push BAC up while they unload other banks, would they? GS, JPM, WFC, C well off their highs of the day. I doubt it, BAC is too closely watched by retail traders. [/sarc]
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Post by benvestor on Mar 16, 2012 14:05:14 GMT -5
can anyone help me out with an opinion.. cmon guys
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Post by RALF on Mar 16, 2012 14:06:34 GMT -5
Bitter irony--- BAC.....+5.3% FAS.....+.53% OPEX SHMOPEX! I noticed that as well. 'They' wouldn't just push BAC up while they unload other banks, would they? GS, JPM, WFC, C well off their highs of the day. I doubt it, BAC is too closely watched by retail traders. [/sarc] BAC = short squeeze ----->parabolic -------> bubble ------> ______________ fill in the blank (hint:what comes after the bubble?)
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Post by benvestor on Mar 16, 2012 14:07:09 GMT -5
Bitter irony--- BAC.....+5.3% FAS.....+.53% OPEX SHMOPEX! I noticed that as well. 'They' wouldn't just push BAC up while they unload other banks, would they? GS, JPM, WFC, C well off their highs of the day. I doubt it, BAC is too closely watched by retail traders. [/sarc] I was holding BAC 8.00 calls in tuesday.. sold for like 15% profit.. would made 400%+ if i held... uggggggg
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Post by huh? on Mar 16, 2012 14:10:26 GMT -5
can anyone help me out with an opinion.. cmon guys I would say "yes". LOL Sorry. Tough call. I'm looking for AAPL to close under $580.00. EUR/USD started falling, but nothing moved with it as far as I can tell. If PCX can hold $7.12, should be a good bet to about $7.90 (backtest of a broken bear pattern). But it has a habit of pulling back hard after a run like this.
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Post by huh? on Mar 16, 2012 14:18:24 GMT -5
Looks like PCX failing on support. Short til EOD then cover. Stop at 7.14.
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Post by benvestor on Mar 16, 2012 14:26:02 GMT -5
thanks huh.. went with calls instead of puts.. stopped out for a loss.. i appreciate your opinion
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Post by huh? on Mar 16, 2012 14:32:44 GMT -5
thanks huh.. went with calls instead of puts.. stopped out for a loss.. i appreciate your opinion Sorry...it's OPEX. Would most likely get stopped out either way I guess. Was worth a shot. If $7.00 were to break today, $6.87/$6.88 would be a good cover spot on a short position.
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Post by benvestor on Mar 16, 2012 14:34:27 GMT -5
talking about aapl though
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Post by huh? on Mar 16, 2012 14:36:05 GMT -5
talking about aapl though Oh, sorry. So you went the complete opposite of my suggestion on that one I see. LOL ...I don't blame you.
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Post by benvestor on Mar 16, 2012 16:27:07 GMT -5
i put the trade in after i waited a while for opinions.. i got none, went in rogue and stopped out.. aapl was destined to close right around 585
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