Seeking Alpha
  • Boatyzaffa
    buy 500 ULTA @ 66.90; sell 5 Nov 70 calls @ 2.10
    10/27/11
    Reply (5)
    • Boatyzaffa: ULTA has been trading sideways and earnings are not until Dec 2, so I sold the Nov calls to lower my cost basis. The stock has strong fndies
      10/29/11
    • Boatyzaffa: Yesterday the stock closed down 0.89 at 67.53, but on lower volume (bullish). Also the 50-daySMA is nearing 65 helping to support price.
      10/29/11
    • Boatyzaffa: Finally what originally brought the stock to my attention was the classic double bottom (w/handle) in Aug. The second leg down undercut...
      10/29/11
    • Boatyzaffa: ...the low of the first leg shaking out the last remaining weak hands. ULTA broke out on Sep 9 with huge volume (4M) about ten times avg...
      10/29/11
    • Boatyzaffa: If the stock moves down to the 50 day and about faces ralling up, I'll try and add to my position (about 200 shares)
      10/29/11