• Ocean Man
    Looking for the next BSX? Check out the volume on AKS Jun $11 calls. It was high yesterday too. I bought the Feb 9s.
    1/19/12
    Reply (25)
    • BTD70: Started DD yesterday, continue this weekend. Today notwithstanding, looks like a "buying into strength" situation? Depends.....
      1/20/12
    • BTD70: on size of position I guess. Strictly talking actual stock here.
      1/20/12
    • Ocean Man: It's a gamble, mild conviction, people are talking about the call volume - works sometimes. Nucor reports Thursday - could affect.
      1/20/12
    • BTD70: I almost bought some X a few months back. I like the ideas of steel. The DD will take me several more days, I like to have....
      1/20/12
    • BTD70: things cooking for when something closes out. With small pot, and most tied-into longer term, I need to turn-over the other stuff as often
      1/20/12
    • BTD70: as I can.
      1/20/12
    • Ocean Man: There are many trading strategies - momentum, dead cat bounces, unusual call volume, various TA indicators, value / Graham, etc.. You hear
      1/21/12
    • Ocean Man: about people making $ with each, but you can't do all of them. Need to pick your strategy. Mine is mainly buy dips on good dividend stocks.
      1/21/12
    • BTD70: I am thinking stocks under $10, trading 65% or more below their 52 week high, only certain percentage short interest, etc. Also I would
      1/21/12
    • BTD70: like companies that I wouldn't mind holding if the "trade" went south. Something like that. Going to check out these "stock screeners"..
      1/21/12
    • BTD70: not putting any more $ into account until I have a more defined strategy.
      1/21/12
    • BTD70: seeing how people trade on SA is educational, but can make it look like it's easier than it is!
      1/21/12
    • BTD70: Still DD'ing. Options charts are greek to me, but like what I've seen/read thus far. 9.15 entry for actual stock would interest me.
      1/22/12
    • BTD70: My broker site has 3 analyst reports--all from the last 10 days--you wouldn't really know they're all talking about the same stock. LOL.
      1/22/12
    • BTD70: Interesting that there are a few recent articles re: buying puts to protect a long-term position, and I see where at least a few.....
      1/22/12
    • BTD70: have actually done it, but the call volume also up as OM noted.
      1/22/12
    • BTD70: Ahh. Passed on PM@9.25....now will have to wait for lunch dip. Closed other stuff, so going in here if price right.
      1/23/12
    • BTD70: Small position @9.21. This lunch dip thing is for real, I almost paid 9.36 this morning. Cool.
      1/23/12
    • Ocean Man: They report tommorow morning, fingers crossed.
      1/24/12
    • BTD70: looks like they did OK, and it's pretty active premarket (on my small board, anyway). no BSX trading yet, interesting.
      1/24/12
    • BTD70: Got out premarket@9.04.
      1/24/12
    • Ocean Man: What? They beat earnings and revenue. They got back to 9.29 a couple hours later.
      1/25/12
    • BTD70: Saw the earning report, then the premarket dip; couldn't reconcile it--seemed contradictory. Was unsure, so took a small loss...
      1/25/12
    • BTD70: Hour later I saw article about pension payment; stock dropped more; then later I saw dividend announcement article, and stock was back up.
      1/25/12
    • BTD70: Being new, I think I got head-faked here. Open to constructive criticism.
      1/25/12