I'm sure a lot of people got sucked in this morning looking for the bounce. Very difficult and dangerous to trade news-driven stocks unless they are within the usual parameters of a system. Usually best to exercise a lot of discipline and sit on your hands.
good call brother..... bravo! I bought Dec puts for .55 and sold for $3.5... sold Jan 50 Calls and trying to close now. Gonna go long. ICe
Wait til 30!!!! We added at open. And to your earlier point, I am not mad or angry, I just don't get why people pay up for really expensive stocks , and then are surpised that they get clipped. I have been a student of the markets for 20 years, and people just seem clueless at times, is the point I was trying to make. Best, and good trading! David
David, What's your definition of an "expensive" stock? Do you look at things besides the P/E ratio? Richard
I didn't say anything cause I don't usually give entries or positions other than in PMs... and who cares or believes one anyway... ... but I was long from 39.44. Sold at 43.36 after buying puts/selling calls! Got lucky. Thanks to the poster who bought this (CECO) to my attention yesterday! As I said... will keep this one on my radar screen for some good trading... Regards, ICe p.s. PM me if you got any other good shorts/longs....... ditto here
What are all the other stocks in the same industry? I've got APOL COCO ECLG EDMC and UOPX. Any others?