Many traders were greeted with the old back door Chinese handshake afterhours when SCOK released a surprise earnings announcement. I am caught long of the stock and am far too busy to become caught up in the trivial nature of afterhours trade.
I have more important matters to attend to, like hearing Option Addicts latest stock pitch. The man has a knack for finding the big ones, and you can too. However, there’s another piece to trading that it seems many of you are behind the curve on. I’m talking about a big and hairy elephant named context. What if I told you I intend to offer a simple recipe, week in and out, for understanding broad market context? If you appreciate direct calls on market bias, then you will love my iteration of the Weekly Strategy Session. Won’t you stop by this weekend and have a look?
It felt like we were flung into this week head first and came out the other end better because of it. If you are caught in this loser SCOK and find yourself frustrated with the surprise, let it serve as a reminder of what exactly we are dealing with when trading sub $5 Chinese stocks. There is huge risk involved here, just like a triple levered ETF. If you are unsure how to size a position in such a name, don’t hesitate to drop me a line.
Aside from this, the week was all about success. There is excitement in the air and I can feel it. Through it I will remain emotionally like a boulder and logically like river water.
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I look forward to reading your perspective!
Madness..ahh Yes (love that music video/tune).
Wishing you great success with the weekly strategy, Sir Raul. You have plenty of knowledge to share.
plus, you are a brilliant writer.. 😉
Yes, Raul – very much looking forward to WSS 2.0
Where would you fine the Strategy Session ?
Yeow!!
Here’s one of those little hand grenades that I scooped the second week of Oct.
An oldie biotech FAVE and a huge shout to kjp..d@mn!!
$2.50 +$0.83 +49.70%
+132.78% $1.07
OOoh Yeah..SUNESIS PHARMACEUTICALS INC
Acquired 10/10/2014 $1.07
Day High $2.5500
Oh Babeee..babeee
No GREED!
selling half here:
SUNESIS PHARMACEUTICALS INC COM NEW ISI
Price 2.5701
Amount *
+140.18%
just after that post^ Day High $2.5800
on SNSS where I promptly took profit
uhuh..
I did, as mentioned on Friday over on RC’s blog, that I may add back share/average up off those SHLD at $25.17(after nice profit taking a week ago from last Friday, Yes Indeed)
dbl position here:
(making my cost avg. $30.17..lucky number if I say so myself.. 🙂
SEARS HLDGS CORP
Shares *
Price 35.17
so there you go(?)