stratiG
147 posts
msg #79539
- Ignore stratiG |
9/17/2009 8:51:17 PM
Sorry, i couldn't post the trade as I made it>
In Oct 34 calls @ 1.95 near the close. AH STEC up to 32.00.
stratiG
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Kevin_in_GA
4,599 posts
msg #79541
- Ignore Kevin_in_GA |
9/17/2009 9:26:01 PM
Cramer pumping STEC and BGS - hope that is a good thing ...
I like the comparison to AMED, given that this one exploded and tripped the 20% profit stop I had in place!
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kmcninvest
43 posts
msg #79544
- Ignore kmcninvest |
9/17/2009 9:50:08 PM
I am not a fan of Cramer but a stopped clock can be right 2x a day. This stock had a large short move on (about 33%). They will have to start covering.
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kmcninvest
43 posts
msg #79545
- Ignore kmcninvest |
9/17/2009 9:57:40 PM
I am sure you know that this is the #2 stock in the IBD 100 with a rating of 99? Your filter caught this for me...great job!
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gabestogie
79 posts
msg #79548
- Ignore gabestogie |
9/17/2009 10:32:01 PM
Kevin:
I do beleive that all these posts have what was suspect from the start of the sell-off. Let's checkout what positions may have been closed out. Perhaps there was an overload of Calls beyond 39.00. I've been following STEC for a few months now and it has been a top gun. Started running back in Feb. so I'm sure that anyone into Options would be on it and probably was overloaded making money until they got caught with their pants down. Panic set in and it overflowed,now it'll be a new game because it has a target posted @ 39.
I agree the IBD stocks are top of the heap and even after a panic selloff like this one the stock will rebound provided the reason is not that the stock is another ENRON or TYCO who destroyed millions of investors, we don't know about these things until the s___ hits the fan and then it's too late to get out. This is why I use Trailing stops so I capture the winnings as they move up. I'll often get stopped out but go right back in again on the same stock next day or 2. I normally will go back 60 days and check the highs and lows of the day and this will be a fairly safe way to calculate what my stop will be.
I beleive this baby will run again and I want my money back so I will be back into it.
Trade safe,
Gabe
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gabestogie
79 posts
msg #79574
- Ignore gabestogie |
9/18/2009 9:25:46 AM
I'm in on BGS @ 8.05
Gabe
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gabestogie
79 posts
msg #79606
- Ignore gabestogie |
9/18/2009 2:04:36 PM
Kevin:
Just ran the scan, WES popped up
Gabe
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Kevin_in_GA
4,599 posts
msg #79609
- Ignore Kevin_in_GA |
9/18/2009 2:35:34 PM
WES was taken out of IBD3 because it had dropped below 85 (posted this on 9/15). I am not sure if this would be a good play yet - need to look at it some more over the weekend. Can still buy in on Monday if things look good.
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gabestogie
79 posts
msg #79611
- Ignore gabestogie |
9/18/2009 2:40:00 PM
Kevin:
I was going back thru the delete list when you replied to my post.
Sorry about that.
Gabe
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Kevin_in_GA
4,599 posts
msg #79612
- Ignore Kevin_in_GA |
9/18/2009 2:43:17 PM
No need to apologize - look at this closely anyway. Just because it isn't on the most recent list, it WAS a highly ranked stock from IBD just a few months ago.
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