GreatWizeOz

GreatWizeOz

GILD HAS MOVED BACK DOWN TO A LEVEL AT WHICH WE CAN BUY IT WITH A VERY CLOSE STOP. IT IS RESTING ON THE LOWER BOLLINGER BAND AND COULD EASILY SPRINGBOARD BACK TO $80-82 AREA. I FAVOR THE GILD 4/77.50 CALL BOUGHT TODAY @ $1.76...OZ

GreatWizeOz Updated 

HARLEY LOOKS LIKE IT IS UNABLE TO PUSH THROUGH $52.50 AND IS AT THE TOP OF THE BOLLINGER BANDS, OVERBOUGHT, AND SEASONALLY A VERY QUIET TIME FOR THE COMPANY. THIS IS CLEARLY A "RIGHT OR RIGHT OUT" TRADE. I HAVE BOUGHT THE JANUARY 50 PUTS @ .58...OZ

GreatWizeOz

YTD GLD HAS MOVED FROM $1135 TO$1287 (150+), BACK TO $1214 (63) AND RALLIED $114, AND COME BACK DOWN TO HOLD $1,260 FOR SEVERAL WEEKS WITH 4 CONSECUTIVE HIGHER LOWS. IN MY LETTER I GAVE THE ORDER TO BUY THE $GLD 12/122 CALLS @ $1.05 (- .40 FROM THE CLOSE) WE GOT FILLED THIS MORNING ON THE OPEN AND I BELIEVE IF WE BREAK TO THE UPSIDE (1,290 CLOSE) WE WILL MOVE TO...

GreatWizeOz Updated 

WE'VE PLAYED THIS ONE AND IT IS BACK TO THE BOTTOM BOLLINGER BAND AND SITTING ON (OR VERY NEAR) THE 13-DAY AND 200 DAY MOVING AVERAGES. I'VE JUST BOUGHT THE UTX 12/120 CALLS @ $ .71 AND LOOK FOR A BOUNCE AND A PARTICIPANT IN ANY YEAR END RALLY...OZ

GreatWizeOz

THIS BIOTECH HAD A MONSTER MOVE FROM 5 TO 17 BEFORE COMING BACK TO EARTH. IT HAS SOME HIGH OCTANE PARTNERS LIKE PFIZER AND IS IN SEVERAL CLINICAL TRIALS. VOLUME DECLINED ON THE SELLOFF AND THE STOCK HAS BEEN RIDING THE 50 DAY m.a.AND JUST CLOSED ABOVE THE 13 DAY. THE OPTIONS HAVE ZERO OPEN INTEREST OR LIQUIDITY. i AM ALREADY LONG FROM $12 AND MISSED MY...

GreatWizeOz

FOR THE LAST WEEK WFM HAS BEEN TRADING ABOVE THE $42 ALL CASH OFFER FOR WHOLE FOODS. I AM TAKING THE VIEW THAT WHEN A STOCK IS CONSISTENTLY ABOVE THE OFFER PRICE (ESPECIALLY IN AN ALL CASH BID) THAT THERE ARE OTHERS INTERESTED IN THE COMPANY. THE STORY HAS GOTTEN A LOT OF ATTENTION AND THERE ARE SEVERAL OTHER COMPANIES WHO COULD USE THIS (NOW THAT IT HAS...

GreatWizeOz

BUYING THE SPY 6/23 243.50 CALLS RIGHT HERE VS. 243.30 FOR A QUICK TRADE WITH A STOP JUST UNDER 243..UPSIDE IS 243.80 LAST ON THE OPTIONS ARE $ .32...OZ

GreatWizeOz

THIS IS ONE RETAILER THAT WHILE DOWN HASN'T BROKEN TO MAJOR NEW LOWS. THE AREA AROUND 73 HAS PROVEN MEANINGFUL SUPPORT. ON THE FUNDAMENTAL SIDE, THIS IS WHERE PEOPLE GO WHEN THEY DON'T WANT TO PAY UP AT $M OR $JWN. I FAVOR THE 7/75 CALLS NOW TRADING @ $.85...OZ

GreatWizeOz

AKAM HAS GIVEN US THE SAME OPPORTUNITY AGAIN THIS QUARTER AS IT HAS SEVERAL QUARTS ON THIS CHART. IT HAS CONSISTENTLY HAD THESE GAPS TO THE DOWNSIDE FOLLOWED BY CAREFUL REBUILDING AND RALLIES BACK TO THE AREAS OF BREAKDOWN. I FAVOR THE AKAM 1.07% 6/55 CALLS RIGHT HERE( $ .76 LAST) BUT WOULD PAY UP TO $.85 OR SO...OZ

GreatWizeOz

WE'VE TRADED THIS ONE BEFORE AND DONE QUITE WELL WITH IT. IT'S HAD WHAT LOOKS LIKE A REVERSAL DAY FRIDAY AND IS NEAR THE LOWER BOLL. BAND. IT'S OVERSOLD AND CAN EASILY MOVE BACK TOWARD $130-132. I'M BUYING THE JUNE 130 CALLS HERE @ $1.70 OR BETTER AND USING A STOP BELOW FRIDAYS LOW....OZ

GreatWizeOz

THE GLD IS EXHIBITING ONE OF MY FAVORITE PATTERNS, A CONSOLIDATION ABOVE ITS MOST RECENT AREA OF RESISTANCE. SINCE THE BREAK ABOVE 120.50 IT HAS BEEN CONSOLIDATING AND LOOKS NOW AS IF IT CAN MOVE HIGHER. 119-120 IS NOW SUPPORT AND I FAVOR THE GLD 5/123 CALLS SELLING NOW @ $1.60 USING A SELL STOP @ 50% DOWN...OZ

GreatWizeOz

All this week the A/D line looked weak and yesterday it came back to roost. Today's rally failed at the 50% retracement of the reversal from yesterday's +200 to -40 close. Since this should be a quick pullback I favor the very short term SPY 4/12 235 puts here @ $ .90. Not looking to fall in love with the downside but the AMZN reversal may have more of an...

GreatWizeOz

I TEND TO NOT BE A BUYER ON BREAKOUTS BUT THE ACTUAL COMMODITY LOOKS LIKE IT HAS ABSORBED A LOT OF SELLING AND INCREASED OPEN INTEREST. IT LOOKS TO ME LIKE A SHORT, AND IF WE BREAK ABOVE 42.80, 46-48 SEEMS POSSIBLE. i'M USING THE 4/42 CALLS WITH A LIMIT ORDER @ $1.00...DO NOT CHASE THIS ONE...OZ

GreatWizeOz

GOLDMAN RARELY TRADES BELOW THE LOWER BOLLINGER BAND, LET ALONE STAYS THERE FOR DAYS AT A TIME. THIS IS ONE OF THE FEW TIMES IT HAS AND IS DRAMATICALLY OVERSOLD AS WELL AS BEING THE CLASS OF THE GROUP. IT IS ALSO THE MOST HEAVILY WEIGHTED EQUITY IN THE DOW, RESPONSIBLE FOR $106 OF THE $307 PT DECLINE FROM THE TOP (THRU FRI). I BOUGHT THE GS 4/7/232.50 CALLS @...

GreatWizeOz Updated 

SAM IS BACK TO SUPPORT AND THE LOWER BOLLINGER BAND. THIS AMERICAN COMPANY CONTINUES TO BUY BACK SHARES AND I BELIEVE THAT IT MAY TAKE ITSELF PRIVATE, OR BE BOUGHT IN THE FUTURE....OZ

GreatWizeOz

GOLD HAS GOTTEN BACK TO THE BOTTOM BOLLINGER BAND AND I FEEL IT HAS DISCOUNTED ANY RATE HIKES. THE GLD IS BACK INTO SUPPORT VS. 1220 ON THE FUTURES AND SHOULD BOUNCE FROM THIS OVERSOLD AREA....OZ

GreatWizeOz Updated 

BROUGHT YOU THIS ONE A MONTH AGO @ $156.75 AND TRADED OUT OF IT FOR A PROFIT IN 164 AREA. EARNINGS LAST NIGHT DISAPPOINTED AND STOCK IS TRADING DOWN 12 OR SO BACK TO $154-155 AREA. WILL BUY IT THIS MORNING IN THAT RANGE FOR ANOTHER BOUNCE OF $8-10. REMEMBER, AMERICAN COMPANY SELLING IN AMERICA AND MANAGEMENT HAS BEEN BUYING IN STOCK FOR 3 YEARS. I EXPECT...

GreatWizeOz

I HAVE TRADED THIS ONE SEVERAL TIMES AND PAID $10,05 LATE YESTERDAY. IT IS NOT A SHIPPER BUT RATHER A SERVICE COMPANY FOR ALL SHIPPING VESSELS AND CRUISE SHIPS FOR FUEL AND PROVISIONING. CLEAN BALANCE SHEET AND LESS THAN 1X BOOK. JUST UNDER LOWER BOLLINGER BAND AND AT SUPPORT. CLOSE UNDER $9.95 MIGHT BE TROUBLE BUT IT HAS BOUNCED FROM HERE SEVERAL TIMES...OZ