Stopped out at 35.72. Long SUNW stop 3.5. Will buy EBAY SSF at market at open tomorrow morning.
Short candidates: HAL, GSF, MSFT?, AMZN, DDR, TYC, …
Tag Archives: Gsf
DOW 9000?
DOW has passed 8500 and NASDAQ has passed 1500. We shall see how the market reacts on CSCO earning report (1c over estimate and flat guidence for Q4, traded lower AH).
SOHU closed lower @18.48. Long SOHU May 20 Put. Added GSF May 20 Calls. Shorted MSFT May 25 Calls and Long MSFT June 27.5 Calls.
Fear & Greed
There was a big sell off this morning on LOWS. My put position finally turned positive. Out of fear that it might bounce back, half position was closed at small gain. Yet, looking at the daily chart, it’s likely that it may test 50 SMA. It’s still closed lower than the open. The greedy side of me decided to keep the rest of the position. In hindsight, keeping 1/3 position might be better idea or taking the profit by closing the position entirely. Let’s see how it goes tomorrow.
Long GSF May 20C; added SLB May 40P.
OAKMX: it’s still in the short-term uptrend since its breakout of long-term downtrend. Resistence at 31.55.
LSCRX: it’s right at resistence and overbought condition.
Breakout has chance
Although the volume is not heavy, it has bullish bias.
Closed GSF May 22.5P – it bounced back a little, but close to support and may reverse; added more SLB May 40P – is that breakout out of bull flag?; scaling out LOW May 42.5PBreakout to the upside from here?
Nasdaq needs to break 1500 and DOW needs to break 8900. DOW has substantial resistence around 9000.
Long GSF May 22.5P, SLB May 40P, AMZN May 27.5P and LOW May 42.5P, MSFT May 27.5C; Short MSFT May 25C.