Market Gems Trading Room Highlights October 3:
LONG: RIMM, HAND, HGSI,ICN, ADCT, PWAV,CCRT, ENZ(swing trade), ELN (swing trade)CTAC, SIPX
SHORT :RIMM, HAND, FCEL, ORCL, FMKT, FDRY, EPNY
swing short: ARBA (3 days)
KLAC, VTSS middling today. FCEL was an early morning "beefy" short and RIMM was both a long than a short.
HAND was also first a long play than in late afternoon selloff a short play (while still positive)
Attention: ABGX pulled back offering buy opportunity.. OSIP, MYGN looking for another biotech... MYGN 10:06:15 <jenna> Attention: SHORT FCEL 103 11/16, MRVC might be short play waiting.
10:13:47 <jenna> Attention: ICN buy stop 33 9/16
10:28:54 <jenna> Attention: RIMM dropping FCEL down nearly 5... shorted right after I coverd... please note that this recovery was tenuous.. posted on the watch list that the S&P were also below support.. that took a toll on the nasdaq..
10:35:36 <jenna> Attention: BEAS also POS today... we called BEAS short yesterday (after small fry's idea)..
10:41:52 <jenna> Attention: ENZ called yesterday still moving well.. and so is ELN
10:42:19 <jenna> Attention: ENZ up 8 since call..
10:51:50 <jenna> Attention: Traders don't trade just for the sake of trading.. without a clear buy signal long or short.. just forget it.. I slipped out of the KLAC and VTSS trades with no fanfare or emotion.. if there is no trade don't trade.. There will soon be trades that are more clearly delineated.
11:31:42 <jenna> Attention: ADCT very nice also.. market is moving up..
11:41:09 <jenna> Attention: HAND is moving up on the 10 minute chart.. looking good notice the double top breakout at 59 1/2.. that would have been my trigger.
11:41:09 <jenna> Attention: HAND is moving up on the 10 minute chart.. looking good notice the double top breakout at 59 1/2.. that would have been my trigger11:42:47 <msilva> ADCT a beauty.....added to S&P and a nice alert jenna
11:43:05 <msilva> sorry typing dyslexic today
11:43:27 <msilva> CSCO hod 58
11:43:37 <jenna> Attention: Very nice moves.. I knew the dow would influence the nasdaq... self fulfilling prophecy.. I will only watch earnings plays and watch list stocks... I will call a news play ike MCLD if it looks compelling.. otherwise I don't chase stocks that I haven't tracked for days.. its a lose/lose proposition to chase stocks.. wait for them to come to you.
11:55:13 <jenna> Attention: HGSI and MLNM... call options looking good.. CIMA on the most up list and looking good from the morning..
11:56:54 <jenna> Attention: Dow gorgeous... rally mode.. CTAC triggers at 45 1/2.. think there might be a move in this sector. The house likes CTAC but this is ahigh risk trade.
12:01:14 <jenna> Attention: RIMM triggering 105 1/8 upgraded by Grithiths to target of $180.. from $150.. its too expensive for me... I'd look at the call options...
12:07:53 <jenna> Attention: CCRT earnings play and stock par excellence.. looking for over 200% earnings growth in this one.. still strong still in the buy zone..
12:15:42 <jenna> Attention: PWAV not sure about holding this overnight.. lets just keep it for now.. its doing great.
12:21:09 <jenna> Attention: SIPX earnings plays posted on the watch list looking nice here.. you don't need to get overloaded and SPX is having low volume 145%% increase in EPS and Sipex Strengthens Positioning in Asian Semiconductor Market With Opening of China Office - (monday's news).. would be nice if we could hold a tech stock here for more than a daytrade..
12:41:45 <jenna> Attention: CTAC looks like a sell here at 48 1/2.. very difficult to watch.. but it could come back.
13:44:19 <jenna> Attention: SIPX and NOVN soaring..
14:06:48 <jenna> Attention: MEDI, CCRT.. NOVN.. HAND is now a short HAND... but the buy trigger for HAND was called at 59 1/2 and HAND rose to the alter to 63 3/4...
14:14:50 <jenna> Attention: The HAND is short.. short.. short... HANDicapped... now
14:47:21 <jenna> Attention: EPNY a short 60 1/4; FMKT 50 5/8 a short..
15:01:18 <jenna> Attention: RIMM puts looking okay.. RIMM puts you need patience... I gonna try the 100 puts for 5 5/8 on RIMM..
14:55:43 <jenna> FDRY a short 61 1/8, ORCL a short 73 1/2..
15:14:41 <jenna> Attention: FDRY probably a beef short, EPNY probably a beef short.. HAND VERY BEEFY SHORT ALREADY..
15:54:58 <jenna> Attention: ORCL SHORT 72 1/2 now 69 5/8
15:59:14 <jenna> ARBA down 54 points since the call short.. |
