Stock Market Intraday Chat: May 7 - May 11 - Page 13
Big red easy button, in and out of weekly 137 puts for almost 20% in about ten minutes, it is easier to take a little bit of head with the high-probability set ups.
I think from here we get light stops taken out then an attempt at a rally into the 1360s, which will likely fail in the mid-late afternoon. A lot of it depends on Europe, if they rally it into the close the scenario should play out but if they are stuck on the lows we might see some bigger trouble today.
What are you trying to prove? Give it a rest, the guy made the right play given the circumstance. He should have never hopped on your bandwagon in the first place, get real.
I was not trying to be mean, just saying what he would be feeling, it is normal for a new trader to feel that way.
I never said PWAV is going to 30.00, I challenge you to prove that I said so. After I posted PWAV buy recommendation it went up more than 20% next day.
I did not say VIX is going up 50%, I said vix can go up 25% to 50%. Yes, in one of those rare occations, vix can go more than 25%, it is possible.
Stop putting your own statements on my name.
OK you ready for some of the ridiculous things you said about the stock .... it's typical of you whenever you speak about your own plays. You're never accountable for when people lose their asses, but you want attention for when one of your calls actually moves in your favor or scoff at people who don't listen to you. I've been been around this business a while now to recognize pumper-speak. In fact reading that PWAV thread is downright scary.
It has long ways to go guys, sit back and enjoy the ride, this is not penny stock with no business or revenue for huge drop after the rally. Remember, Black rock is holding a significant position for the long term. This company has future and it can even become a $20 to $50 per share in less than a year.
I think today may be the beginning of a sustained climb for the weeks and months to come. Of course, the move may be parabolic in the beginning stages (from today) and then slow down.
Blackrock took a 15% stake in PWAV, thats a huge news, this is the kind of news that can make it go 100% to 300%
Edited by Rock Sexton - 5/8/12 at 11:10am
ED: Incredible, SPY now with LOD just .42 over the daily SMA 100, here we go guys.