Again, I won’t claim fame for picking stocks that trade up in an up market, but when you have a basket that includes 6-10 names daily that are up at least 10% every day for weeks, it kind of makes you feel special. Not trading with a helmet and marking up charts with crayons “special.” The kind of special where you realize you know your environment well, and know where the markets appetite for risk is. More importantly, you know what is likely to get bought up next.
Here are a few charts of names I’ve accumulated. All but PPHM were posted here, on iBankcoin.
I would pay close attention to materials names right now. I know I was a little early on this theme, but these stocks could put together a 20-30% run no problem. As you know, I am sitting on long call positions in ANR, WLT, and X. They’ve been getting some decent volume on the upswings, and are at some interesting action points.
I’ll post a few trade ideas later this evening.
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Solid work OA. Thanks for the BIDU trade. Question for you on BIDU options: After reading your Lotto picks post from last Friday, I decided to try this out and bot the May 24th exp $105 calls for like .20 each first thing this morning. I’ve traded options for a while now but ususally stick with a mid-term expiration.. I now have a little bit over a 100% gain – would you take that now or wait it out till Friday and see if it makes it to $106-$110?
O/A,
I liked the look of $MCP from the Weekly Watchlist and bought a very small number of Jun 7 calls this morning for .40 – damn if that thing didn’t move!
My intent is to close them if the stock hits 7.80 ….unless that’s too soon…?
I would stick with them. I think the stock consolidates one more time before moving to $10.
Forgot to say, I AM entertained, and the phallic symbolism in the above BIDU chart wasn’t lost on this perv….
Man, I was hoping someone caught that.
That is the elusive cock and balls formation. Fly’s favorite technical pattern by far!
I hope to see that pic as someone’s avatar in the near future.
I might pass out a reward for that.
Is it me, or is it getting hot in here?