Divine Ms. X,
Well I got lucky. I exited all of my calls on Thursday (the ones that I entered on Tuesday). I thought that friday was going to be an up day, but didn't feel it in my gut. I entered a few more put positions yesterday when it became clear that a rally wasn't going to happen.
Here's what I'm holding over the weekend:
AWRE (eps -.11, PE n/a) - Telephone Sector is in Bear Confirmed. Chart looks like a lower end black diamond ski slope with lower lows and lower highs. RS just reversed to Os. I'm in at $34.
TLAB (eps 2.07, PE 39) - Telephone Sector is in Bear Confirmed. Fresh off of a bearish triangle it broke a triple bottom at $73 and then reversed back to $81. I entered around $80 and it is already down to $77. I am expecting big things from this one.
EAII (eps -1.28, PE n/a) - Computer Sector is in Bull Correction, currently at 44% with a Double bottom for the sector at 18%, so it seem doubtful that we will get to a full Bear Confirmed sell signal. This chart looks like a double black diamond ski runs. Well groomed and steep. Just broke through the BSL too! This one is courtesy of Auric.
CTXS (eps .79, PE 106) - Software Sector is in Bull Correction, currently at 48% with a double bottom at 18%. Recently broke a spread quad-bottom off of a bearish triangle. Lower lows, lower highs, broke through BSL, etc...
RESM (eps .86, PE 41) - Healthcare sector is in Bull Correction at 46% with double bottom at 16%. Broke a triple bottom two weeks ago, and just broke another double bottom. still above BSL (at $28). Another Auric pick.
CNET (eps -.93, PE n/a) - 35pt increase in this market, it's begging for a correction.
AMAT (eps - .61, PE 109) - Semiconductor sector is in Bull correction at 54%. Chart looks healthy and AMAT is expected to have a healthy report next week. I entered puts about 2 minutes before market close as it came up against a triple top. I am counting on a sell-the-news reaction to their earnings.
All of my positions have March expiration and are $5 to $10 ITM.
JXM |
