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S&P 500: 1,317.11 Change: -0.21%
rjm77me
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : Bears had no where to hide today = It does not mean all stock deserve high valuation

Date February 3, 2012    Comments Comments (4)    Rate this post Recommend This Post (40)   
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In last 10 days any stock - I mean the even the ones missing earning estimates stay down for few days and start going up in their own merry way - UP UP


Look at AMZN, RVBD.  I did pick RVBD March call spread and it is making 60% return in two days - I wish I can repeat the same every week. AMZN picked $15 or 7% in two days from the lows after earning date.


WLP was hit and always finds support around $64 - Have traded every day with option calls and made money - i buy calls when it touches $64 - Today it did break below 64 and that was the time I bought the March 62.5 call for $2.81 and sold them at $2.45 - calls did go as high as 2.55/2.60 - Why take extra risk


I did buy WYNN March 120 calls for the sane reason at the end of day - to be seen if they make money. I paid $3.50 - they were making $10 by end of day.


That is just a pipe dream

Tags : WLP   RVBD   ANR   PCX   AMZN   GLW   PG   BCO  

4 Comment(s):

Author rjm77me     Date February 3, 2012 19:48 Abuse this post Report Abuse
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Only stocks which are not seeing any actions are safe stocks like PG, KMB, JNJ, MRK, BMY
They did not gain for the last 30 days - no much as a group.
Only way one can trade is by using options and make some money based on day spread - Option Delta is high
Author rjm77me     Date February 3, 2012 19:49 Abuse this post Report Abuse
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This does not mean the trader should not fear the Bears - They are always lurking around - Just do not stay in bear camp till the pixi dust clears
Author RobMarketsBlind     Date February 4, 2012 10:22 Abuse this post Report Abuse
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This time period kinda reminds me of late March 2009. The DOW had moved up 1000 points in two weeks and everyone thought it was too high - that was, as we all know, just the beginning of a massive two year bull run.
Author rjm77me     Date February 4, 2012 12:28 Abuse this post Report Abuse
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I agree - that is where the real money traders meet the road ahead.Trading with funny money is not same.
To be accountable to your self - one way to make money is tell some one what you are doing.
You or I do not want to llok a buffon in front of others. You can just share your trade with some one near and dear to you or do it in public like this forum.
I find it helpful and that is why I some times share real time trades via a blog
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