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Nashwan
Jul 19, 2013 11:34 PM

IBM DOWN !!!  Short

International Business Machines CorporationNYSE

Description

Shooting Star indicating to bearish direction , it will be confirmed with breaking out 188.72 , we will take the risk and make a PUT spread (Vertical) strike Aug 13 strike 195 @ 2 now .
Comments
Nashwan
the stock hit 172.50 ....and touch 200 SMA on weekly chart i think its time to close position / huntingsniper thanks for your comment
CoinedByCrypto
Very nice charting and call :)
huntingsniper
Good call, very impressive! 6% down to 175 in after hour trading today.
Nashwan
With Sep Monthly Close we will targeted 171 soooooon
Nashwan
the Order Brearish IBM 16 AUG atrike 190 @ 1.10 reach = 4.5 $ Today ...... loooooool
Nashwan
We will close the Vertical position today profit up to today is 5.4$ from 2
Nashwan
i have made 100 % with vertical orders from 2 to 4 $ ............still opened .......... the other order ( Bearish IBM 16 AUG atrike 190 @ 1.10$ target 3$) ...... we reach 3.05 today Congratulation for this position 200% profit the weekly candle closed below the channel will confirm the bearish direction
dr_Options
goodluck
Nashwan
Today i got another option contract Brearish IBM 16 AUG atrike 190 @ 1.10$ target 3$
dr_Options
still going up >>today +2% !! @ 196.25 MA200 @ 198.85
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