Stock Market Intraday Chat: May 7 - May 11 - Page 16

I got stopped out of my CDE trade yesterday, man it is getting crushed.

 

I foretold 2 months ago that when the HUI hits 400 ?.....

That that's when everything would rebound

 

 

It is ridiculous, almost prison rape. You'd think they are in the business or producing coal. Their earnings were good enough IMO... but the whole sector has been skewered for 8 months now.

One more stock on my radar...

 

What the heck is up with XRX?? there is a ton of contracts being traded. I can't figure out why but I just might buy some based on the volume.

 

Look at the July $10 calls today 72,311 contracts, it seems like every day someone is buying huge longs at different strikes and dates.

 

A real head scratcher to me.

Are 3pm sellers winding up? getting ready to sell to the bell?

Kicking myself for not buyin GMCR calls yesterday. Looking for the markets to rally into the close, under invested whales will use this opportunity to buy on the dips. Europe news tomorrow can get worse I guess, if still no permanent gov't in Greece and further anti bailout talks by France.

You wanna buy puts for the EOD sell off that's about to happen to GMCR?

GMCR has been selling off everyday for the past few days in the last hour of trading. That's my reasoning for wanting to buy puts.

Just bought some GMCR May 11 $25 puts for $1.01.

http://themumbaitimes.com/component/k2/item/20793-our-view-pitney-bowes-inc-nysepbi-hugs-investors-with-80-rise-in-profits-%E2%80%93-pbi-xrx.html

 

You may find this interesting....

 

Good for you! Sticking to your stop is always tough, but saves your ass!

I don't think it will sell off, margin calls are done, except for the CEO lol

Just want to take a second to post a chart..I've got price below the daily regression channel going back to late DEC 2011.  Price has also lost the blue ascending support line that's been money since early March.  The only thing that I'm waiting on is a break of that March 6 pivot low of 1338.50 to confirm a downtrend.  MACD has rolled over under the zero line, and volume is already better than yesterday's bounce.  Traders shorting yesterday's bounce have been rewarded, definitely something we haven't seen in a while.

 

 

I still think there will be profit taking towards the last half hour. I've got some put options and I'll sell them for maybe 25% profit.

Here she goes...

 

Thanks Buy4, I have a suspicion that something pretty big is coming soon for XRX, over and above what the analyst are predicting. but I have nothing to back that up.

 

 

 

You are so right SJe, it took me a while to do what everyone tells you to do from the first book I ever read.... Be disciplined with your plan and protect you funds. When I started listening to the overwhelming advise it really helped.

 

BTW I followed your commentary all day watching several charts and it was very helpful for my education - Thanks

+1000 TICK we just had.

 

Traders looking to fade usually like that stuff near resistance levels.

We have been down almost every day for a week now.....except 2 days. Anyone seeing a bounce coming tomorrow?

Time to pull the cord??

 

I'm expecting to test 1370 again tomorrow, I will be unloading my longs if that happens.