I trade and have made a lot of money on HES options. The stock moves like crazy.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.
Join over 90,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.
Free registration at the forum removes this block.This week I picked up NSIT, Insight. Time horizon is 6 mos - 1.5 years.
MJ,
As I said, The stock is overbought short term (extended above Bollinger Bands) but the weekly trend is higher. We can't fight the trend. I have laughed so many times after shorts got crushed on BIDU. They shorted at $200, $220, $230, $250. And I am sure they are doing it again now at $300. That sucker is super extended and I am completely sold out but I wouldn't short it.
Some stocks are staring to form blow-off tops such as PTR.
Just wait for the signal. You don't need 100% of the move, just 60%-80% after a confirmation of a trend change!
Dustin.,
How'd you do with STV? I flagged them weeks ago when they appreared on the IBD list of IPO's in October.
Closing Trade: 28.00
Day's Range: 26.65 - 39.96
Doing great haha! Up 51% today counting after hours
VMW crossed $100 today. I grabed shares above $69 last month (some thought I was crazy). The IPO game is hot in 2007. The risk/reward is paying off nicely. Ride a trend until it end - cliche is old but true!
MrDoctor,
Shorting sounds like a good idea although timing is the catch. Have watched many hot stocks over the years fade like KKD, TZOO, TASR. How do you protect yourself? Stop loss or long call for protection. Just curious. Thanks.
Ahaha, I lost money shorting VMware. I have no idea when this one is going to end. This is the hype IPO for 2007 without a doubt. But eventually I will short it successfully!
As property values continue to fall these guys end up having to write off more. I don't believe we are anywhere near the bottom of the real estate market.
Join Fastlane Insiders.