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Options Trading with Option Addict

Option Addict
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

DEUCES ARE A BUY FOR US STEEL

Option Addict Wed Apr 26, 2017 3:20pm EST 21 Comments

I like this price action in $X today. That stock hadn’t been marked down the same way its competition had been. Share holders were way too optimistic in the 30’s.

Even on the run up, I pleaded with folks to wait for deuces in $X to put together a long. I like today’s chaos in that regard. This move just wiped out all shareholders from the November election gap.

Now, I feel validated for leaving it be back then.

I’m an interested buyer here, and will start piecing some shares together on the first print of $22.

OA

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21 comments

  1. Dragline
    Dragline
    April 26, 2017 at 3:37 pm

    I’ll wait until they flush the weak hands that bought in on todays drop. That whole 2nd mouse gets the cheese deal.

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  2. cascadia
    cascadia
    April 26, 2017 at 3:48 pm

    $CLD is close to a LT buy with this pullback. Earnings after the close makes it a very dicey call though. Not sure I have the cohones to pull it off.
    Going to wait for $0.20 lower…

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  3. tonka
    tonka
    April 26, 2017 at 3:51 pm

    If you like catching knives you’ll love HCG.TO. Canadian mortgage lender basically just took out a payday loan. Gapped right to the 2009 lows.

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  4. acehood
    acehood
    April 26, 2017 at 4:05 pm

    Another great entry in NTNX today for the 2 of you who care

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    • traderconfessions
      traderconfessions
      April 26, 2017 at 5:36 pm

      Don’t understand the appeal of this chart…..down, down, and down…why not wait until O to enter?

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      • philsy13
        philsy13
        April 26, 2017 at 5:42 pm

        I’m in it from $16.30 but starting to agree:)

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      • tonka
        tonka
        April 26, 2017 at 6:28 pm

        11 down weeks in a row. -50% in a month and a half. Unless we’re going for some kind of record, that’s as oversold as it gets.

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        • bushwacker2
          bushwacker2
          April 26, 2017 at 10:00 pm

          Let’s see what it does tomorrow. With a 52-week low of 12.77, it still has had quite a run even at today’s closing price. Nothing says it can’t go lower, or hang out in the low $20’s for months.

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  5. Mensch
    Mensch
    April 26, 2017 at 7:51 pm

    Please someone talk me out of OCLR here.

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  6. PirateSmile
    PirateSmile
    April 27, 2017 at 7:38 am

    Some years ago I reaped a monster trade ( reluctantly) by following him on his $X call. I memory serves it was my single best trade all year. I’m in.

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  7. Rough Lcky 11
    Rough Lcky 11
    April 27, 2017 at 10:01 am

    X at 22

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  8. Rough Lcky 11
    Rough Lcky 11
    April 27, 2017 at 10:11 am

    i bought a few myself at 22

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  9. greenlander
    greenlander
    April 27, 2017 at 10:38 am

    Added small batch of FCX Aug calls

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  10. stocksnblondes
    stocksnblondes
    April 27, 2017 at 10:58 am

    Oil and commodity stocks are the graveyards of many. $CLF is looking rough.

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  11. PartTimeLover
    PartTimeLover
    April 27, 2017 at 1:08 pm

    Testify!!!!
    http://www.ctsnet.edu/wp-content/uploads/2016/09/lh-testify.gif

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  12. elsa_ball
    elsa_ball
    April 28, 2017 at 3:12 am

    X at 22

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