Down down down …

Posted on by

Things have turned worse. SUNW broke down from early attempt to break out at 6. The downgrade to junk status from S&P on credit rating didn’t help either. SUNW is seeking support again around 4.5. I’m adding more. I also opened a position in LU.

SOHU failed to test 30 and it’s been moving downward ever since. Next week will be option expiration week, we shall see more volatility. I failed to close some positions on SOHU due to lack of time following it closely. Since there’s no much time value left anyway, I’m holding it until expiration.


SOHU

Posted on by

SOHU closed above the 20SMA in average volume. It looks good to break the resistence at 30.

I will watch it closely this week and plan to close half of the position if it crosses 30 intraday to book some profits in case it pulls back below 30.

The current open interest in Mar 30C is 7,839, which is not very big. I’m not sure how market markers will play near expiration days (roughly two weeks away). For premium sellers, they would love to let Mar 30C expire worthless and they can sell Apr 30 C and 35 C again.

SOHU

Posted on by

SOHU closed above the 20SMA in average volume. It looks good to break the resistence at 30.

I will watch it closely this week and plan to close half of the position if it crosses 30 intraday to book some profits in case it pulls back below 30.

The current open interest in Mar 30C is 7,839, which is not very big. I’m not sure how market markers will play near expiration days (roughly two weeks away). For premium sellers, they would love to let Mar 30C expire worthless and they can sell Apr 30 C and 35 C again.

iTunes or Media Player?

Posted on by

After I tried iTunes the first time, I really like it a lot. It’s so much better than Media Player. I’m using iTunes or previously Media Player mainly as my internet radio to listen to the music or news from around the world. In iTunes, once you see a radio station, just one lick it’s almost instant on, but Media Player forces you to go to radio web site to play, what a hassle!

Annoying spammers

Posted on by

I have found many instances of using this blog site for those stupid penis-enlargement or similar spams by low-life scams. I always place their IPs under IP banning list. However, they do get their URLs into search engines such as Google by associating with content.