Sunday, November 04, 2007

SPY has TREMENDOUS support at 146.4

I figured there would be panic out there so I put this SPY chart up....
X-MAS rally cannot start until SPY tests 146.4
the MA(50) weekly is a pretty significant buy signal, when i use it correctly,
and in this case, this is where the MA(50) weekly applies....
TREMENDOUS SUPPORT AT THE WEEKLY 50(MA) = 146.4...
JUST LOOK FOR YOURSELF
zee


Thanks johnny for bringing GRMN to my attention
Dec 95 / 100 calls thats the place to be
Speculation NOV 100, but get a NOV 100 chart, before you try this...

GRMN Is near the 100 day = 96.3 = buy target price
friday close 98.6


\
target sell price is $122.4 =
3.40 ( oct 31 reported 07 eps) times 36 multiple = 122.4
zee
I might be ten dollars off on the entry at 96 but who cares...just keep accumulating till 86 if 86 is indeed the real low and then sell $122.4

GRMN 51% GROWTH 07 .....AND 21% GROWTH 08
51 + 21 = 72 , ONE HALF OF 72 = 36
2007 EPS IS 3.40X (36X) MULTIPLE = 122.4 TARGET PRICE...

quite a coincidence that 122 was the prior high...hmmm....
there are no coincidences, only good fortune for those that prepare.
in this case prepared means prepared to expand the mathematics envelope, so the math would match the past stock prices... so sue me...

6 comments:

traderbean said...

my XLF chart was off by a penny..ahh well.. ;)

Anonymous said...
This comment has been removed by a blog administrator.
z-stock said...

hey tb
too tired today...
must be daylight savings, or some such..
zee
MY USO put worked twice, today...
made 30% then made 30% again...wow..
wished i had the entire account in there...

zee

fortune8 said...

Z,

How are you making out with USO, playing options?

Share the wealth?

z-stock said...

f8
i'm having to play USO short like all the other high flying shorts
get in and get out ( one day time frame)
today USO broke my stop limit 74.7
so now i don't know what to do?
probably wait for the first two day drop and start buying CALLS USO
zee

z-stock said...

USO
im using the NOV CALLS priced at 1.40 to 2.50...they are really moving around, so there's lots of gain.../ loss

zee

EMAIL ME !!! anytime