Stock Market Intraday Chat: Apr 30th - May 4th - Page 17

Dollar catching huge bid here

Just as you thought Natural Gas going to start moving up, economy worsens and crude gets smacked.

 

I was thinking of playing nat gas through Chesapeake Energy CHK. Beaten down by CEO scandal, but fundamentally probably not that big of a hit? Trading at 7 PE.

 

On these brutal red days, stocks that got hit hard thrive. GMCR, STD, CHK

 

Nice trade.  I bought some shares this morning ..... left a lot of profit out there though.  What's new? LOL.

i think we go down to the neck line and where we go from there will determine our next move.. i think we break down tho

 

 

 

edit: now 2.00. FML 

I was thinking of buying next weeks. But maybe there's better opportunities. 

Edited by bauer - 5/4/12 at 11:10am

 

GS appears to have broken its H&S neckline now

Dude, 50% gainer on a fallen knife is an A+ trade, every single time. It's impossible to not feel some regret for missed profits, but we all miss some, nobody bottom and top ticks it, and if we do, it has mostly to do with getting lucky on that trade. Move on to your next mark, if you can get 50% on GMCR like that, you can do great on other trades, so long as you spend your time finding them. Well done.

 

Elementary logic would tell that a stock cannot go up "Everyday"....if that was the case we would be wiping our asses with hundo's....

 

NFLX and RIMM are 2 different stories......

Thanks man

you mean other people would be wiping us with hundos.

Zoinks, Scoobs!

....Im with you on the CHK nat gas play.....looks like a great entry

 

problem is.....nat gas appears to be in the same nightmare as aluminum....stagnant if not down...

Should we be looking for a sell-off on GMCR by EOD? It's up over 7% on a day where almost everything is down, this is all the work of the scalpers buying and, I'm thinking, selling towards the end of the day.

SPY just filled its gap to 137.36

AAPL has been in the $569 and $570 range for over an hour now, I can only speculate that there is a big move coming up soon.

worth checking that guy's blog at "AAPL pain" to see where OI is maxed out.

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ES 4 hr POC at 1365, fade the move if we spike down there, or is this just a trend day where you go with it or stay out of the game considering how far we've run? Big money froze me up this week.

SPY 137.00 area is key here. I'm thinking we test that and bounce back up to 138 or higher today.

o7, I also think we are oversold and I'm grabbing some SPY May expiration calls for a bounce. Europe debt problems might spring up again next week if French and Greek Elections turns in favor of the communist parties.

 

There's a lot of cash and political will to juice the markets. Right or wrong about future fundamentals, huge players are convinced stocks are cheap and that rates will stay low for years to come, making stocks the only place worth parking cash.

Knowing your style, you looking at 132s then sell the 137s to spread it if we bounce ten handles or so??

UVXY that I bought a couple of days back is doing well today. Looks like it is trying to fill the gap to 15.8 level from a week ago. 14.92 at the moment, it may get there before EOD.

 

Last weekend went to a casino and played UItimate Texas Holdem Poker. Made $20,000 from $800