My flyer of the day it's going to be buying some bbox March 19 $2.50 calls at 33

UpstateAg said:

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My flyer of the day it's going to be buying some bbox March 19 $2.50 calls at 33

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Ah, risk/reward. Earnings Monday. It could go either way this quarter. Turning a ship around takes some time but if they get that business unit sold soon that would work out well for you.

Hoping the March expiration gives them time to right the ship and announce their new contracts.

MU going positive

UpstateAg said:

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Hoping the March expiration gives them time to right the ship and announce their new contracts.

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And there goes MU

oldarmy1 said:

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UpstateAg said:

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Hoping the March expiration gives them time to right the ship and announce their new contracts.

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And there goes MU

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I went ahead and hopped on the Sept 14 calls at $50 for .85 on MU...let's get some momentum

MCHP going positive!

DBX flattened out. Watch for a break and slow churn higher signaling a reversal to the upside.

We had a double bottom you can see with big volume on the last attempt. Should not hit a new low intraday or the chart is busted.

JD trying to turn up and hang on to some gains...

What charting software do you use?

Prognightmare said:

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What charting software do you use?

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a dozen different ones. ha!

That is a simple one off of Interactive Brokers

Thanks bud.

Prognightmare said:

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Thanks bud.

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DBX needs $27.50 and I'll say it climbs early next week unless there is some news that is blind right now.

oldarmy1 said:

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DBX flattened out. Watch for a break and slow churn higher signaling a reversal to the upside.

We had a double bottom you can see with big volume on the last attempt. Should not hit a new low intraday or the chart is busted.

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this is across the board tech. Every tech stock has this same chart for the day.

oldarmy1 said:

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Prognightmare said:

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Thanks bud.

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DBX needs $27.50 and I'll say it climbs early next week unless there is some news that is blind right now.

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Agreed, SO MANY tech names are so oversold, I can see a rally in a number of names.

Picked up a share of goog

Big Options trade on Oct 19 Strike $36 Puts above $9.

Only reason to do that is if you are thinking DBX rallies and eats the decay in October.

So are you still holding or is now the time to cut bait and run?

what say you said:

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So are you still holding or is now the time to cut bait and run?

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Holding to the bitter end.

BBOX $1.64

You get those March calls filled?

Looks like the MU rally was short lived there

oldarmy1 said:

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BBOX $1.64

You get those March calls filled?

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So for those of you who accumulated below $1.40. Again I say if you have 2000 shares or above there is no way to know how the stock reacts to earnings Monday.

Obviously we either have some nervous shorts covering or some buyers, or both.

At any rate you know how I approach it. I sold some trading shares at $1.70-$1.73. I would buy those back if the reaction is negative Monday. Otherwise Let's rock.

To finish my thought you can sell some to use that same approach. Unless they have surprise beat the stock likely moves back down. The call might whip it right back if positive.

At any rate, its the business unit sale we want to see. That will be the market mover.

Woah, big spike in the DJI

gougler08 said:

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Woah, big spike in the DJI

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That NAFTA deal I referenced this morning.

Start red, come off lows, move higher anticipating announcement. News saying imminent now.

Thay was easy.

Heck yeah I did.

oldarmy1 said:

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gougler08 said:

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Woah, big spike in the DJI

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That NAFTA deal I referenced this morning.

Start red, come off lows, move higher anticipating announcement. News saying imminent now.

Thay was easy.

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/areyouawizard.gif

DBX trying to breakout

oldarmy1 said:

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DBX trying to breakout

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volume flood. Five straight minutes of >20,000 share movement

Bonfire1996 said:

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oldarmy1 said:

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DBX trying to breakout

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volume flood. Five straight minutes of >20,000 share movement

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I sold 200 $27 August 24 Puts for .98 - .93

I also think it bears mentioning that the gap on the S&P officially completed. We need to see it move on up now into the 3 day last top.

OA, what does the volume look like the past 30 mins for MCHP? Please

Prognightmare said:

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OA, what does the volume look like the past 30 mins for MCHP? Please

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25k per minute avg.

oldarmy1 said:

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JD has volume of 110m shares last 3 days. It's make or break time in the coming week. A bounce move enhanced by short covering or a breakdown sending it to long term major support below $26.

Also, beginning to buy some crushed gold stocks GG and GDX.

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Anyone join me on GDX and GG? Sometimes you nail a bottom. Rare.

That said I sold covered calls against half my shares to average down and give a good protection in case it was a 1 day bounce.

thanks bud

DBX trying to break that key $28.50 mark