Everyone has opinions. They give you their two-cents worth. I'll give you more. One penny more. That's a cool 50% more than others. And that's wicked value.
The LIVEROCKET investment philosophy is that at any given time, there are amazing companies out there that are building better mousetraps and generating incredible sales. This is not a buy and hold philosophy. No company can maintain exceptional growth and momentum for long.
Monday, April 07, 2008
Buying puts
MGM Sept $50 Puts 5 contracts @ 3.40 each AGN July $55 Puts 5 contracts @ $2.1 each
I thought today was very classic for the charts. Fight between fundamentals and sentiment, I thought. It was up 100+ pts and closed at +3. Its still struggling to cross 12780 from other TAs.
Anyhow, on the Alcoa news, I thought it would plummet in AH, after reading the extent of the loss. But the stock raises 1% AH.
I've been saying 12,700 was the next peak, with th epossibility of a rise to 13,000. The market behavior today says that we peaked. Even the foreign markets closed up 1% before we opened.
It seems that AA was hurt by rising energy costs, which the market will forgive.
I thought today was very classic for the charts. Fight between fundamentals and sentiment, I thought. It was up 100+ pts and closed at +3. Its still struggling to cross 12780 from other TAs.
ReplyDeleteAnyhow, on the Alcoa news, I thought it would plummet in AH, after reading the extent of the loss. But the stock raises 1% AH.
I am really baffled.
I think we peaked.
ReplyDeleteI've been saying 12,700 was the next peak, with th epossibility of a rise to 13,000. The market behavior today says that we peaked. Even the foreign markets closed up 1% before we opened.
It seems that AA was hurt by rising energy costs, which the market will forgive.
"Hey, things are tough everywhere."
I suspect there will be a delay.