• Noodlez
    $BBRY thank god, 8am ET means 1pm in FRA. my stop loss parachute is set, counting in a high volatility. prem, i'm counting on your insight!
    3/28/13
    Reply (29)
    • Noodlez: i'm not trading at NASDAQ Pre/AH directly. i'm trading by a big french broker at FRA. therefore i should be fine.
      3/28/13
    • C.E.: Make sure stop loss is set to trade at market, as price may jump over the several price points very rapidly.
      3/28/13
    • Babs61: where is a gd stop, considering the volatility i have a 12, will change it
      3/28/13
    • Babs61: indeed.
      3/28/13
    • Babs61: i dont envisage a big drop. either a big shoot, and back to a sensible level wrt numbers. or a steady, but jittery rise to a sensible level
      3/28/13
    • Babs61: if it goes < 12, the numbers are no gd...
      3/28/13
    • Babs61: hoping for one of the 3. Famous last words lol
      3/28/13
    • Noodlez: $12 should be a little to low. I expect a 10-15% volatility during the conference call. I set my personal stop loss 10% lower than my buy
      3/28/13
    • Noodlez: price. it's around $13 (€10,2 - €10-4). For anyone unexperienced trader who thinks about setting a stop loss: ASK YOURSELF WHAT VOLATILITY
      3/28/13
    • Noodlez: YOU EXPECT and don't just aknowledge our own moves or you end up getting stopped out on good earnings and make huge losses.
      3/28/13
    • Noodlez: @babs61? referring to the famous words "one last thing"? i don't expect $BBRY to copy steve jobs like that. especially during earnings. ;)
      3/28/13
    • Babs61: To me...There are infinite possible outcomes. However, I have to stick to my views. After all, thats why I am long.
      3/28/13
    • Babs61: However, one has to accept, there is a chance one is wrong, and at what price are you going to go back to the drawing board?
      3/28/13
    • Babs61: For you is 10% below your buy. To me, if the stock goes 10% below where it is now, it cant be good.
      3/28/13
    • Babs61: I am expecting rev to be 2.7-3bn...
      3/28/13
    • Noodlez: babs61, we have the same conclusion by travelling different roads. i say "10% drop = no good", you say "10% drop on this day would be bad".
      3/28/13
    • Babs61: With stock at 14.40, my stop is %17 below. However, I might change my stop. Still considering
      3/28/13
    • Babs61: If for Q1 they can be flat. i.e. no -ve profit, that will also be great
      3/28/13
    • Noodlez: i'm expecting them to publish (not-so-much-burned and still) good cash, profits in light plus, better than expected guidance.
      3/28/13
    • Babs61: Volatility, wont tell you much in this case, its my experience. For options traders, there is something called vol of vol.
      3/28/13
    • Babs61: Stocks with high vol of vol, one needs to be careful
      3/28/13
    • Babs61: For example. You can set your losses as a multiple of the standard deviation. But with the SD changing so much, its meaningless
      3/28/13
    • Noodlez: well, like you said: what's the stock price someone feels hurt enough to chicken out. I don't set my stop loss at a disrupting event like
      3/28/13
    • Noodlez: conference calls based on technicals.
      3/28/13
    • Babs61: My view is, If the numbers are gd, I dont want to get stopped out, based on technicals etc. If numbers no good, I dont mind getting out
      3/28/13
    • Babs61: You have a take-profit target?
      3/28/13
    • Babs61: might change my stop to 13...
      3/28/13
    • Noodlez: i'll cancel my stop loss when earnings are good to a ridicilious limit sell for a couple hours. will take profits somewhere above $20-23.
      3/28/13
    • Noodlez: netflix squeezed more than 40% on a single day. if this happens with $BBRY squeeze will lead this stock above $17 (prem watsa's avrg price)
      3/28/13