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Showing posts from April, 2005

SUNW out

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Doesn't look like this will be heading North anytime soon. Not a big position, but it hurts. In: $0.70 Out: $0.15

POT off

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I may have jumped from NCX to soon as the 200-day MA ended up acting as no support to its freefall. Another chemical company which is showing topping action is POT ( Investors Business Daily ranks its accumulation/distribution as an "E"). Looks to have reversed off the moving averages after an earlier break of support. Puts $11.90

SIRI (again!)

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Botched the last attempt at this. Was right in the analysis, but wrong in the time frame. Looks like a big descending triangle on the weekly chart (although an upside break of resistance is a cover + buy). Put $0.75

XLF Puts $1.75

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Small black candlestick at convergence of 10- and 20-day MA. Current consolidation following heavier volume selling doesn't inspire confidence. Rising interest rate environment is not a time to be long financials. Puts $1.75

Russell 2000 Sep Calls

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Reached lower support of channel (the measured move target) with the 200-day MA nearby. Decided to take a nibble on a couple of Sep calls. In: Sep 590 Russell 2000 calls $35.30

NCX out

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Bought this a little premature and rode out the rally to $52. The decline has been swift and I expect further downside - but with the 200-day MA tested on Friday I decided to take my profit Puts: In $2.10 Out: $3.30

ABP out

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Couldn't post this on Friday because of a glitch in Blogger. Hit my stop for a small loss. Possibly too tight with the stop - but energy stocks are in the latter phases of their rallies and I didn't want to get stuck with a big reversal In: $3.03 Out: $2.98

ABP dropped

Ran my stop (too) tight here. Price action still has the fit of a bullish consolidation so I may come to regret my stop placement. In: $3.03 Out: $2.98 Image uploading bust...

ABP long

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Released this pick to Gold members intraday. Putting my money where my mouth is with this one. Looks a decent cup-and-handle play with a strong weekly chart. In: $3.03

TSCO out

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Sold the TSCO shares to bank what profit I had. No sell signal yet as it trades inside a narrow, but well defined range. I am watching for a dip back to the breakout gap. I still like this play but the market 'wants' to go down.

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