Stocks Daily Discussion

[Dave]

long $TASR. thoughts?

[ItsMeexD]

time frame? any news? good volume, stopped by 6.12 resistance, if it can clear 6.37, hello 6.88.

[ItsMeexD]

also 10X daily calls today. nice spot!

[pftq]

We finally bounced off that support I posted a couple days ago.

[ItsMeexD]

sold to open a couple of $GOOG Nov 745 puts at 39.30.

[ItsMeexD]

also trying to catch this Momentum King, long BVSN 11.22

[pftq]

Meh SYY  is up 15% on calls since the morning trendline break. I hope it pulls back for me to enter lol

[pftq]

Just finished another run of the program. Looks like only two trendline breaks for today, SYY and PCS.  I hate MetroPCS though (as a company).
Watching the close as always before entering to make sure we don't have some sudden sell off that cancels the break.

[pftq]

New positions for today total are:
SYY Oct. 30x calls at $1.2
PCS Oct. 11x calls at $.70

Also picked up a few QCOR 33x weekly calls at $1.45 as a gamble to see if it bounces after today's huge plummet.

[t-rex]

Short GS, what do you guys think. Potential exit on pink line.

P.S. How do you post images?

[pftq]

I can see the posted images just fine.  You can also just upload to tinypic.com and use the BBCode they give you directly in your posts.

For GS though, I would normally draw the trendlines from the outermost peaks or troughs, at least the outermost for the year.
Not saying what you drew is invalid, but I have no opinion on it since I have not tried that before.
I would be careful of shorting banks when QE is in effect though.  It looks like you're just planning for a short into pullback so that's nice, but there are probably much easier things to go short on.

[ItsMeexD]

check out DOLE. 14.60 resistance dating back to 2011. good volume recently, trying for all time highs. worth a look

[pftq]

Grr I woke up late today. My sell limit for PCS took me out  at .80 open only for them to go as high as 1.3 in the same hour.

Picked up ALTR October 37x calls in the meantime at 1.2 on RSI2 oversold.

[pftq]

Bollinger bands have been added to Tech Trader.  Enjoy.
I haven't had a chance to play around with them much though so there are no strategies associated with it yet other than pure display purposes.

[pftq]

Finally a decent trendline break on my program.  Into CHRW Nov 60x calls at $2.25


SYY also doing well from last week.  Still holding a few SPY and BAC calls just for gamble on QE.

No longer in ALTR though; let those go at a loss.  Going to stick to trendline trades only from now on.