1. Try clicking on the name of the most recent article in the column on the right. This will remove the "Archives" list.
2. Try right click on the chart itself and open it on a separate window.
3. Try using this link: http://stockoftheday.blogspot.com/2005/10/aapl-breakout.html
I am sorry that I cannot always make the chart small enough to fit neatly on the left column. I want you to be able to see the details I want to point out.
I Hope this helps,
Juan
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I have entered a position on GDT. I will post details later. For now, here is the current status of orders in the account. I have also entered GGC as per HK's suggestion.
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First GDT: The catalyst for me is the safety issues with their defibrilators. The issue may have had no consequence for the stock if JNJ was to buy them, but now that JNJ has signaled a drop of their bid for GDT, the stock is taking a plunge. JNJ has brought the issue to the forefront.
My decision has to do with TA as well, and I will post RET charts later today.
http://biz.yahoo.com/bizj/051014/1177954.html?.v=1
Here are HK's comments on GGC:
HK said...
Take a look at Georgia Gulf Corp GGC. It meets your criteria. It breaks above a reversed head and shoulder pattern today on high volume. Catalyst - On of its competitor's plant was taken out of commission for at least a year. The stock has been on the decline for many months.
Again here, the RET charts look very promising. Add to that the fundamental bullish views that Jim Cramer commented on last night and you have a good combination. Again, I made my decision based on the RET wave analysis, but I think that Cramer is right on this one...
http://www.thestreet.com/_yahoo/funds/madmoneywrap/10247738.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Finally, although I have ran out of cash in this account, I am still watching over FDX and AKAM, and I may enter positions in other accounts (FYI).
10 comments:
Not a big fan of takeover.
http://biz.yahoo.com/rb/051018/johnsonandjohnson_earns.html?.v=4
like the AMZN trade. Got a good skew and volume
:)
Should make money even if stock does not move much
HK,
I entered at the slow yesterday;
+2 FEB06 $25 Call @ $3.10
-1 Nov05 $25 Call @ $1.70
Total Debit of $4.50
Just one position of that combination. Your thinking seems sound and it is worth entering, the main reason being that there is an earnings report due too.
GDT.
I would expect a further fall today. Initially I thought it had promise of a retracement. It could, but there was very little pull back from yesterdays decline. Where is the support level for this one? $62 or $59 perhaps and I have just looked a previous recent levels over the last two years. There may be a tracement at some point, that is where I will enter. It could happen today, as the curve down was leveling out.
It is a potential merger collapse, FDA investigation, product recalls, deaths, etc, etc. Bad news indeed. Looks an ideal candidate.
Juan,
Why not trade FDX and AKAM in the account?
You started with 5 positions of abot $2000 value approximately. Why not now have 7 or 8 positions of $2000, to a maximum number that you can handle? My guess would be about 10 or a dozen maximum, no more.
AAPL has now retraced to the 38.2% line, after the recent surge upwards. This could be an ideal entry point for the expected move upwards, has Juan has previously mentioned, with regards to the Elliotician projection.
Fourtitude, almost every available dollar in the account is in use.
Fortitude,
Using IB, I got GGC at
+2 FEB06 $25 Call @ $3.05
-1 Nov05 $25 Call @ $1.85
Total Debit of $4.25
I am also trying a single contract just to learn from Juan.
I didn't get the GDT as I was also waiting for a pullback. Its seems that some stocks will pullback earlier and some later while others will not. It may be worthwhile formulating some rules/signal to decide whether to wait or not to wait for a pullback.
Dow Jones looks like it is going down. Shall have another strong pullback and then go down again.
I think it is good to look at the overall market.
AMZN I have a real trade on. AAPL does not seem to be doing good. Possible bounce?
Varum
I have dealt with my bearishness for the economy for a long, long time. I have avoided great bullish trades because of my sentiment, it has not been fun! Since January, when I started putting the Sarmiento System to work, I have taken about the same number of bullish and bearish trades, and have done well. Some trades extremely well, like AAPL, SNDK and DNA, all of which triggered my system at some point. So sit back, cool off, and relax, you are protected against big losses with the contingency orders based on Fibonacci ratios. If the market tanks, the bearish trades should compensate for the losses of the bullish trades.
BTW, my GGC trade was triggered out already! too bad, but lesson learned! with this system you don't have to worry about big losses.
thanks. Another lesson learnt
:)
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