Riley's Successes and Failures And theoretical paper trades.

[RileyR569]

AMZN might close today under 108.3 today.
I can understand pegging to this 128.5-.8 area though.
Seems prime place to keep profit from downside protection bought from sold 125 and 130 calls.
(All the covered 125 and 130 Calls that were sold a a week or two ago.) especially now with the P/C ratio down to .64, it sounds right.
Didnt run think-back though so i dunno for sure.
So just guessing how much premium was on them 2 weeks ago i can imagine that being right.

[RileyR569]

Dunno whats going on with AMZN.
They might try to peg it into 130.

Possibly one more tap of 131.3. I might pick up one more put if it does tap monday on the open. Be a good place to lower my entry +25%
Assuming 131.3 holds. If it doesn't i'll stick with my put i have now. This thing will drop eventually, or i'll be out $380 which ever. I think theres more pullback to come in the markets over the next week. shooting for 1060 or 1070 SPX.

Not to worried on AAPL.
It'll fall with the markets when they do.

Im going to disreguard most of today's data, AAPL and AMZN are being manipulated to fit the hedge funds agenda's. Hopefully thats the cause of the high volume on AAPL.
Just means when that volume turns to selling monday for the funds dump, we fall harder.
Im set on filling AAPL's gap next week.

[RileyR569]

MICC broke that trendline yesterday.. But would you look it up...

$75 and change. I imagine it holds into the close.

Might be the most accurate call of my career.

[Rossj711]

Originally Posted by RileyR569

MICC broke that trendline yesterday.. But would you look it up...

$75 and change. I imagine it holds into the close.

Might be the most accurate call of my career.

Looks like MICC might have a chance, it's tugging healthily pretty comfortable above the 50MA so I'd say there is hope. It does appear to be a cyclical stock in the behaviorism so since I don't know anything about the company I'd say technically watch it carefully as it becomes more oversold to see if it can hold above the 50MA.