Wow, my head still hurts from this weekend, and I don’t own any [[CELG]]. The easy trade this morning would have been to buy [[BIIB]] off the [[DNA]] news, but I’m still trying to wake up.
I bought some [[WM]] calls on Friday for a weekend hold and they turned into more money for me. [[HA]] is also looking great and ready to bust out to new highs.
Do you own a refiner? I think the time is right, I like [[HOC]]. Do you own [[AAPL]]? I do, and will be adding to my position no matter the outcome of the quarterly report.
Want something to short? Try [[SOHU]].
I’ll be back later, I need to find some Tylenol.
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SLV (silver ETF) is at a very critical juncture this morning. It’s broken past the short term 38% fib line (at $179.65) and is currently right above the LONG term (over two year) 23.6% fib retrace of $181.05.
If she can maintain over these two critical levels, I think SLV, and her miner proxy SLW, may have some serious mojo coming up here.
From a fundamental standpoint, it stands to reason silver will participate in this inflationary rise, along with Gold (GLD, RGLD, GG).
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Glad you’re still alive Ragin 🙂
I already owned a little VLO which moved up nicely, but to be honest I bought some USO calls this morning also. I just have a feeling that some news story will make oil bounce back a bit this weekend. Iran is not to be trusted, and neither is the weather.
Watching FEIC it’s been in an upward channel.
MA took a big plunge this AM, COF did not though, strange.
SGP (and MRK?) delayed their earning report because of some medical report due today on Vytorin, probably bad news and SGP had a big drop.
I own a little AAPL, holding for the long term, and might buy a bit more if it dips.
I borrowed this idea from Rev Shark… he thinks RIMM will be punished after AAPL’s earnings, whether AAPL goes up or goes down, it doesn’t matter, there are reasons under each alternative why it’s bad for RIMM, so I’m looking to the downside on RIMM.
This weekend I read “The ETF Strategist”
http://www.amazon.com/ETF-Strategist-Balancing-Superior-Returns/dp/1591842077
so could could get a broader understanding of how to maximize the use of ETFs as part of an investing (as opposed to trading) strategy.
While it was short on detailed application and longer on promoting Barclay’s many ETF’s (written by a Barclay’s guy) it did point out the benefit of risk analysis using beta values to compare various investments. SLV and GLD were mentioned along with many others I had never heard of.
Since I do not own a Mr. Fly Time Machine, more research is needed by me to apply the principle of spreading risk over many investment spectrums.
OFI ….all I can say is I hope you listened to me last week and bought some OFI.
If not I just bought more.
Egregiously large OFI accumulation..
OFI 8.40 up 7%
Refiner load!!
ALTH buy @ 8.67
oversold on 5 min
Like APA over 200 day @ $114.85
Can anyone look at a Daily on OFI and tell me that it won’t get flagged to buy tomorrow buy many traders.
52 week high list tonight. This cup and handle will attract new money I bet!
i was looking at APA this morning. ended up going with XTO. purely as an anticipation play at the 200-day, since they’re reporting BMO tomorrow.
ragin, TTES went nuts today. i kicked mine a long time ago, but today’s move was very similar to the series of bizarre upward surges on no news before.