Still think we could see a 30 - 40 % drop over the next month, plan is to start buying if/when that wave goes red.
Broke out from the consolidation zone with heavy volume directing upwards.
Ugh. Doing my weekly market review/screening and there is literally nothing high IVR/high IV to play ... . Nada ... . Zilch ... . One option is to sell puts in one of these "just high IV" underlyings: VRX: April 21st 11 goes for .56 AKS: April 21st 7 goes for .31 AMD: April 21st 13 goes for .66 WLL: April 21st 8 goes for .28 CLF April 21st 8 goes for .34 X:...
Good volume. Bouncing off support level. If it breaks today's high, should continue higher. Though this stock had massive gains in 2016, the preceding years were a continuous downtrend. We have just completed a nice sized bearish/sideways move. At the very least, seems to be a good buy low, sell high location.
- Been swinging Call Options on AKS since week end 11616; Purchased 4 Calls (Strike Price 10.50) on the Market Open Monday AM w/ a Limit Order price of .29. - Averaged down w/ purchase of 6 more Contracts the following day w/ Lower Low (Consolidation) being set in @ limit price of .15. Held position - FED Hike in hopes of a Market/Metals Rally to no avail. - ...
Bought shares at 6.04; sold the Sept 30th 7 call; filled the entire package for a 5.85 db; $115 max profit if called away at 7 (19.7% ROC).
Here are my candidates for covered calls next week. Right now, they're based solely on ROC metrics, the key being to get at least a 10% ROC if the shares are called away at the short call strike. Additionally, the focus is on sub 10.00 debit plays; underlyings of higher dollar value are generally more amenable to other strategies. After looking at the charts,...
Some analysis on the chart. Waiting for a juicy pull back to 60-120 MA.
This is a crap stock, but its so low and it's going to catch a rally with resurge in gold / other commodity stocks. Looks better on a 6 month daily chart, but it just seems like a good time to buy... is it possible it goes bankrupt? I don't think so, and with any kind of commodity recovery this should come back right?
Shares of DSKX continues to rally from last week after they held a conference call to discuss the recently announced agreement to acquire Radiancy, Inc., a leading developer of consumer medical devices and the Neova® dermatological products. It appears investors are beginning to notice the financial value this new deal brings and the future outlook of the company,...
Be prepared for anything.....Markets can go lower and extend faster than most people think. "25" may bring a short term bounce if it gets there. Only follow "The Language of Price". It is all that matters.
FOLLOWING THE PATH...POSSIBLE SHORT TERM BOUNCE...PRICE ACTION MUST CONFIRM BUT STILL 26.60 LOOKS VERY POSSIBLE ON THIS SWING TARGET
INSIDE DAY INTO TIME.... FORMED A BEARISH REVERSAL....CAUTION AT THE BOX.... MANAGEMENT MODE