I bought RTI, mainly because it’s in the metal business. Titanium, oh yeah. Titanium is a hot business. So RTI reported earnings and missed the street by 17 cents, so I’d expect the market to knock RTI down 17%. And so the market did.
Or some such.
I don’t have any buy signal, or technical that stands out, ( except RTI , rsi closed at 30.06) and there is sort of a double bottom ,and will you look at that 30 degree, 50 day, there’s a very strong clue not much downside left, if any. I just have a strong belief that by next week or sooner, (RTI's stock price) can reach $85 again. So, an excellent CALL contract oppurtunity, presented itself.
RTI JUNE 85 call at $2.55. My goodness, stock up on these calls, because as soon as RTI reaches $85, these JUNE 85’s go to $4.60, minimum. ‘nuff said. ‘Cept RTI reaches $90, that JUNE 85 call goes to $700 plus.
TIE down in sympathy.....
WFR , I am probably the only one thinks WFR finds support at fib 38%, ($52.80), so be careful on WFR.
WFR, i had asked jake to do this, a couple of days ago, and then the fib thing started working at stockcharts, so i have WFR now, and just as i suspected , WFR might bounce off the 38% fib line. Downside:If WFR breaks the fib 38%, support then i’ll look for 48 thru 50 as the next technicals. I think WFR stays above $48, where the last gap occurred, If I see $48 entry price, then it looks like 90/10, for me. (if WFR even gets to $48, this cycle. )
zee
9 comments:
zee, i have a strong feeling that your RTI call will be good, its up to 81 after hours, normally a good sign.
hey aloc,doc,ski,jake,beannie,gosu,adam,plunger,tim knight,mas,t,wincity,marketspeculator, and regular visitors, i think it's time to start posting short sells on this post. No one wanted them two weeks ago,and anyway, none of them worked very well, anyway. So in the next few days, i'll be posting short sell plays, more risk, but it'll be good to have one or two,for may.
zee
agree with you, best thing will be if we can find a few longs and a few shorts every night. 2-3 in either direction.
how do you protect yourself from LBO price surge when shorting?
AMG…is shortable but at double top? I’d like to see one or $2 higher., plus ICE reports wed bmo, that’ll help AMG.eps 07/08... 6.83/7.78
EOG is shortable...eps, all used up , short at 77.3.. eps ...07/08...4.59/5.36
MAN. Is shortable ahead of employment report eps ...07/08...F2 3.72/4.34
MNST is shortable ahead of employment report....07/08....ap5 1.59/2.06...
MS.is short according to TK, but ICE reports wed bmo. So might help[ XBD, short term....07/08....Mr7 7.35/7.92
TFX. Is short at $75/76,...07/08... My1 4.12/4.58... 06/3.81
And remember to set fairly tight stop losses on shorts. You wouldn’t want to be hit by LBO price surge. What’s LBO price surge?
hey z,
you still think OIH heading 15-17 points and dow about 500 points..looks like market reversed after it hit low yesterday..your thoughts?
Great call on ITG, Z !!
The June 40 Calls jumped by 50% since you mentioned it on Friday.
Wow, those RTI June 85 calls almost doubled!
Zee, awesome job on RTI - wish i had bought it with ya yesterday.
NVEC jumped up huge AH, another miss for me. DAMN! when will i pull the fucking trigger.
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