The NASDAQ futures went for a bit of a ride, trading 18.5 handles worth of range while we celebrate Presidents Day. The futures were working lower this morning until eventually reaching some oversold conditions. At this point a bit of responsive buying entered and sparked a squeeze. This action resulted in us first breaking down from the uppermost profile distribution to now retesting that uppermost distributions value area low.
The question now becomes, do the sellers continue to assert their control of the short (overnight/day) timeframe by rejecting a move back into upper value, or do we see the intermediate term long waking up and making things a little less clear for the auction?
The long term timeframe is still nestled in the controlling hand of buyers. Intermediate term, we continue seeing value migrate up with little in the way of a pullback. The rally is becoming a bit aged, but one would be taking a difficult trade to attempt fading it before seeing sellers retain their early control.
looks like we caught the Zillow knife successfully sir.
just cut my Febs for a loss, but salvaged 40% of the premium, keeping my March play, it can dance these next few weeks for sure
it shall dance with the devil in the pale moon light.
add to RIG this am and building size in AA(gradually building a substantial position)
also continue to cheer for LULU, Sir Raul, come on babee..(posting entry as mentioned at $45.57)
also..
this one’s for Mr. P (the ST commentator on every stock trending/or not)
sold the remainder of those $27.73 (taking profit a few basis points after scoop)posting entry just for you and your partner when asked..what to do what to do(of the mockery)?
And a portion of the last ins at $26.33
here:
Status Filled at $29.0001
Symbol IDCC
Description INTERDIGITAL INC PA
Action Sell
remain long at $26.33
*IDCC to announce Q4 earnings Before Market (Confirmed) This Thurs. Feb 20.
I will not be near ports that day in order to monitor..so therefore am easing up on position size. Although,still confident their report will be very good.
old school material, should be good Sooz
oh btw..feel honored that you blocked me..
BWAHAhahahhahah
(have not posted on ST in years(?)
so it gives me great pleasure to know that you follow here as I hide in archives.
too funny..can dish sh!t all day everyday but cannot take it.
AHhh..feel so much better now and on that note..
Have a great day all you Beautiful People.
😉
I don’t block you on ST Sooz, I am not very active, ova there
not you..
the infamous Mr. P..hahah
We go back many a year..pickr days.
love watching to see what some of the old cronies are up to..same ol same ol.
(they’re watching,alright)
check this out..
Go~Pro: Roberta Mancino’s High Fashion.
Let’s Go!
http://www.youtube.com/watch?v=b89_PDSMf3I&feature=share&list=UUqhnX4jA0A5paNd1v-zEysw
taking credit for many a trade from the pages of iBC..
Truth!
Blasphemy..I tell you!
😉 )))
i prunned off a little RVLT. to say it was an oversized position would be an understatement and I didn’t want to risk yet another trip down. We should have seen hard acceleration out of that wedge. Position is still 15% of portfolio after sale. lol
still large, no doubt. So many false starts in this one, due to the uncertainty of their investor relations department
locked in a bit more of the CGIX scooped on 12/10/2013 at $11.98(+65.94%)
here:
Status Filled at $19.88
Symbol CGIX
Description CANCER GENETICS INC COM USD0.0001
Action Sell
*continue to hold long at above entry
possibly peel off some of my other bio~gems here..haven’t decided yet.
sorry to have confused you, Sir Raul.
I thought we had covered this subject of old Pickr Pals (?) and my reference above.