Disqus - Latest Comments for Rax

Re: KOL

Rax — Thu, 07 May 2009 11:04:42 -0000

30 minute phone call made me miss the short entry this morning...things move fast.

I exited my MAR short position two days ago with a loss. At these levels I am not playing long/short around 23.60.

Any possibility for a Bloody Friday?

Re: KOL

Rax — Wed, 06 May 2009 22:03:12 -0000

Sold my NDAQ today @ 21.43

Mr. Fibonacci getting jiggy with it...

Re: Scorpions -Wind Of Change

Rax — Tue, 05 May 2009 15:24:47 -0000

I was dead wrong on MAR....loading up puts @ 24

Z, do you see this company testing its 200 EMA?

Re: SOHU,DV, CAT short at $38 exit $34** $26 in June July and DE

Rax — Fri, 01 May 2009 17:11:04 -0000

Still holding the May 25 Puts I got for 1.60.

MAR is likely to visit 20s before hitting 24. Think the "smart money" were loading up shorts last two days.

Re: SOHU,DV, CAT short at $38 exit $34** $26 in June July and DE

Rax — Fri, 01 May 2009 16:24:08 -0000

Take a look at the EOD volume for MAR from Tuesday - Friday. What is your take on this?

Does anyone else here have an opinion on what the stock might be setting up for with high volume at end of day, four days in a row?

Re: ACI–OIH 86 entry–

Rax — Wed, 29 Apr 2009 22:42:06 -0000

I recommend you load up on TNA puts instead....

The TNA and TZA both go down in the long haul, adjusted for fees and movements in the indexes.

Re: ACI–OIH 86 entry–

Rax — Wed, 29 Apr 2009 13:56:29 -0000

Awww.... I love that company! 50% markets share for beer in Brazil :)

Re: ACI–OIH 86 entry–

Rax — Wed, 29 Apr 2009 13:55:35 -0000

Still have this stock short since Friday, but I also bought those May 25 Puts, got mine @ 2.60

Those puts are greatly undervalued and makes you wonder why? What is there that we don't know?

Valuation for puts at this strike is around 2.90....so 2.60 and 2.55 is a bargain!

Re: ACI–OIH 86 entry–

Rax — Wed, 29 Apr 2009 13:26:22 -0000

Trading in MAR makes no sense today, other than momentum from WYN results.

MAR will collapse from its triple top or run through the resistance around 22....every top is higher each time since mid October.

Just don't know why traders will continue to buy this stock.

Re: ADM,WU

Rax — Fri, 24 Apr 2009 15:56:46 -0000

Any thoughts from anyone on UNG?

Didn't get the FIB bounce I was hoping for... :( Still holding though and making money on the covered calls, but not enough to cover this type of losses.

Re: NDAQ

Rax — Tue, 21 Apr 2009 17:28:04 -0000

The 50% FIB is at 20.009

You couldn't be any closer on your call

Re: NDAQ

Rax — Tue, 21 Apr 2009 16:34:57 -0000

Exactly the trade I did this morning along with NYX where it hit the upper trigger and got sold into the close.

See NDAQ breaking out to 21.43....crushing through its 61.8% retr. all the way to the 50% FIB

Re: AMGN

Rax — Tue, 21 Apr 2009 11:33:08 -0000

AMGN is one tricky bio....

Technicals on NDAQ, NYX and CME are starting to look attractive for a long position. NDAQ to 20.80 from these levels.

Re: CNQ,MTB short, OIH,FXI fib 38% now, BKC,HRB,BTU

Rax — Sat, 18 Apr 2009 00:28:53 -0000

That is why you put in the protection by selling covered calls...averaging your cost down. Once it will get called away, you will already have some cash in your pockets.

Re: CNQ,MTB short, OIH,FXI fib 38% now, BKC,HRB,BTU

Rax — Fri, 17 Apr 2009 20:07:19 -0000

Long UNG @ 14.60. Selling OTM covered calls against my position every month until this thing runs and gets called away.

Re: ALV, trades like AZO

Rax — Tue, 14 Apr 2009 12:56:19 -0000

To the downside?

Re: V,TWM, EXP

Rax — Thu, 09 Apr 2009 16:03:22 -0000

Holy Cow!

Re: V,TWM, EXP

Rax — Thu, 09 Apr 2009 13:22:47 -0000

"#$$"#%"%%& F#% SH%T

Trading like a financial stock...

Re: V,TWM, EXP

Rax — Thu, 09 Apr 2009 12:51:54 -0000

BEAV has RSI 72.13

Shorted it earlier today @ 11.04 with stop at 11.40.

Should be an easy take... however it is killing me at the moment.

Re: What now for the S&P?

Rax — Mon, 06 Apr 2009 14:22:52 -0000

Moved away from that when CELG tanked. That chart is just screaming for me to get in and sell right below 50!

Any AMGN Calls you recommend?

Re: Trading record, Click this title to open this post

Rax — Thu, 02 Apr 2009 11:38:25 -0000

BBBY is setting up for a good short. 27 down to 25

Re: AEM,BGZ

Rax — Tue, 31 Mar 2009 01:40:40 -0000

There is no logic behind it, but the chart speaks for itself!

My advise to you is to join Zs membership and have him do the work without "reventing" the wheel yourself. Z is on to some seriously good chartology methods.

Re: AEM,BGZ

Rax — Tue, 31 Mar 2009 01:38:11 -0000

In the 16 CALLS @ 0.50

Re: UPS

Rax — Wed, 25 Mar 2009 18:25:42 -0000

Incredible action today, money is flowing into this name and will continue until Friday. Will be putting in sell orders @31.68. Hope to fill on Friday

Re: UPS

Rax — Tue, 24 Mar 2009 23:13:08 -0000

Stay away from the JPM short for now. This thing going +30 this week.