Blue Chip Bulldog - Latest Comments in Trades for 10/15/09

Re: Trades for 10/15/09

Teich50 — Thu, 15 Oct 2009 19:28:26 -0000

Thanks for your comments again. I think IBM will sell off tomorrow, at least in the early morning. This should drag $SPX down by $COMPQ will not be affected too much.

I am making sure that I enough dry powder left to add to my /ES short to 1120+.

Re: Trades for 10/15/09

van71 — Thu, 15 Oct 2009 19:02:08 -0000

Moo/Brinks,

You guys are the best. Thanks for your willingness to share your thoughts...best of luck

Re: Trades for 10/15/09

moo — Thu, 15 Oct 2009 18:53:20 -0000

I think from 1120....I can easily see up ramp up tomorrow morning on all the good news from GOOG, IBM and then pull back from there... but who knows for sure.

Re: Trades for 10/15/09

Brinkley — Thu, 15 Oct 2009 18:52:19 -0000

Looks like we're on the same wavelength. ; )

Re: Trades for 10/15/09

moo — Thu, 15 Oct 2009 18:46:30 -0000

New Post!

Re: Trades for 10/15/09

Teich50 — Thu, 15 Oct 2009 18:42:53 -0000

Right, but the $64k question is: do we pull back from /ES 1094 or /ES 1120?

Re: Trades for 10/15/09

moo — Thu, 15 Oct 2009 18:31:00 -0000

a pullback to 1060-1065 is what I'm looking at and it looks as though Carl has the same area of interest. Thanks.

Re: Trades for 10/15/09

GreekGod — Thu, 15 Oct 2009 18:21:47 -0000

Can u call me on my cell phone when u jump in OIH brinks?

Re: Trades for 10/15/09

jayinasia — Thu, 15 Oct 2009 18:20:59 -0000

Good Morning Folks. I just woke up to see a nice EOD move into positive territory. The markets sure look strong. Speaking of strong, the USD vs Yen is looking good. Keep on keepin' on.

Re: Trades for 10/15/09

Rosabarba — Thu, 15 Oct 2009 17:48:11 -0000

Considering the company I'm now keeping, I regret this less. ;-)

Re: Trades for 10/15/09

Brinkley — Thu, 15 Oct 2009 17:46:27 -0000

I sold a big chunk of my OIH today, RB. I may buy it back again very soon, but wanted to lock in and reassess tomorrow.

Re: Trades for 10/15/09

Doji Girl — Thu, 15 Oct 2009 17:36:02 -0000

TBT - I decided to roll the calls out to Dec and up a couple of strikes. This allowed me to take a good chunk of money off the table while extending the position. Essentially I am now in this trade for .65 per contract. Since I do believe that interest rates have nowhere to go but up, this lets me sit in the position longer. If TBT pulls back, say $2 to 45, which is about all I think it will do if that, these lower delta options will only lose less than $1 while the higher delta ones would lose about $1.60, depending on when this happens.

Thanks Morisse!

Re: Trades for 10/15/09

Thomas — Thu, 15 Oct 2009 17:14:19 -0000

I started my short position today with TZA. However, I have 12 long positions. All under 6.00. CYTK, CRTP, IEC, RTK, AUTH, LWLG.OB, AHR, AFN etc, etc.

Re: Trades for 10/15/09

Thomas — Thu, 15 Oct 2009 17:11:33 -0000

MS upgraded them. Whatever.

Re: Trades for 10/15/09

MovinFwd — Thu, 15 Oct 2009 16:47:32 -0000

Moo and brinkley,

Once again thank you for good info that is well presented. And good commenters; I like minireaper, inthepink, the /ES folks; 'cause I'm an /ES kind of guy. And, well, just everybody.

And very little drama, just the facts ma'am. Yes I admit I do have other personalities and like to sometimes be silly or even egg headed from time to time, but what a cool, calm place to be here on BCB.

Just sayin'. Not puttin' anyone down or comparing.

Best Regards :-)

Re: Trades for 10/15/09

moo — Thu, 15 Oct 2009 16:26:54 -0000

I anticipate that I will be shorting the market tomorrow. I do not see us exceeding today's high of 1096.56 by more than 25 points.

We have arrived very close to my road map post 1120 of $SPX 50% fib. Also we are near the end of October timeframe.
http://bluechipbulldog.blog...

Tomorrow's close may actually show a flat doji day with a lot of volatility and the time to short with vigor may come starting Monday. We shall see.

Of course everything is subject to change...Hope everyone had a profitable trading day.

Re: Trades for 10/15/09

Doji Girl — Thu, 15 Oct 2009 16:26:15 -0000

I do start out with a fixed stop and then try to move up the stop to lock in a profit once it gets going in my direction. I only recently started experimenting with trailing stops. I've always trailed my stop up manually using prior swing lows as a stop. This works well in swing trades but now that I am starting to do more day trades I find I give too much back and get stopped out anyway. I guess there isn't a 1 size fits all solution to this.

Re: Trades for 10/15/09

Sentiment_Al — Thu, 15 Oct 2009 16:21:41 -0000

I think we just need to admit there are many things we cannot predict. How could there possibly be a solution to this issue? These are at best odds we are playing. I think the only approach is cost-benefit analysis: what is the risk of stopping out versus the risk of giving too much back? I like moo's technique of using a fixed stop early on, then a trailing stop if the trade goes in the right direction a bit -- not because it's perfect but because it changes along with my changing costs-benefits. Early in the trade my biggest risk is completely screwing up the direction, and late in the trade I can risk some profits in order to try to follow a trend that has established itself. There's more, of course, but that's one basic sort of answer....

Re: Trades for 10/15/09

slip5ham — Thu, 15 Oct 2009 16:17:45 -0000

I'm still bullish, just expect some profit taking after this Google run-up.

Re: Trades for 10/15/09

ChickenLittle — Thu, 15 Oct 2009 16:13:33 -0000

is this a short term move or has your outlook changed?

Re: Trades for 10/15/09

Brinkley — Thu, 15 Oct 2009 16:12:22 -0000

I need to run, Everyone-- have to get out the door but will check in later on. I know there were a couple of questions directed to me that I haven't addressed, but I will try to answer this evening. Interesting day!

Brinks out.

Re: Trades for 10/15/09

Brinkley — Thu, 15 Oct 2009 16:08:59 -0000

And you are too kind. Thank you.

Re: Trades for 10/15/09

shifthappens — Thu, 15 Oct 2009 16:05:51 -0000

IBM Earned $2.40 a Share for Third Quarter, Above Expectations

Re: Trades for 10/15/09

Rosabarba — Thu, 15 Oct 2009 16:05:48 -0000

Fuji-san and her call spreads should be in sweet shape.

Re: Trades for 10/15/09

Rosabarba — Thu, 15 Oct 2009 16:03:46 -0000

I'm sure to regret this, but ... sold 1/2 lot OIH JAN135 calls for 6.43 , avg. cost 4.45 from earlier this week.

Nice to see GDX holding above the previous swing top.