10-11-2009, 12:09 PM
Don't those numbers disturb you a bit though: 126% "recovery"? Look at BIDU, it's gone back up to 07 highs' (429ish), and it's not the only stock that's doing it... PCLN another good one.
From a technical perspecitive, the recovery's come so fast there's bound to be some kind of consolidation/breather period for the market/stocks to find a secondary support to feb/mar, wether that be the 07 high or somewhere inbetween...
I've hedged a few of my positions, well worth the $$$ in Puts on my longs...BIDU, AAPL, PCLN, FSLR, CME, ISRG.
Lately I've been hedging into my swing positions, just cuz of all the damn whipsaws... RIMM, AZO, MA, SHLD.
If anyone's interested, a group i'm in post soem of our swing trades on a facebook site. Nothing serious, usually 3-7 day holds (sometimes up to 2 weeks, rarely longer), w/ the goal of 15-25% ROI: Consolidation / breakouts, upgrade/downgrades, and continuation patterns. There's about 5 of us that post, some of us are extremely new and others have been trading for decades w/ large capital.
Anyhoot, my next target for djia is the 10350 area, which is a .5 fib retrace off the high to low, for a bullish position.
If anyone's interested, there's a great webinar (free) that's a great introduction into Option Trading. Let me know if anyone's interested... was a HUGE eye opener for me, comming from a very social/Arts background and knowing nothing about the market: Now, I know next to nothing.. an upgrade! woot woot.
From a technical perspecitive, the recovery's come so fast there's bound to be some kind of consolidation/breather period for the market/stocks to find a secondary support to feb/mar, wether that be the 07 high or somewhere inbetween...
I've hedged a few of my positions, well worth the $$$ in Puts on my longs...BIDU, AAPL, PCLN, FSLR, CME, ISRG.
Lately I've been hedging into my swing positions, just cuz of all the damn whipsaws... RIMM, AZO, MA, SHLD.
If anyone's interested, a group i'm in post soem of our swing trades on a facebook site. Nothing serious, usually 3-7 day holds (sometimes up to 2 weeks, rarely longer), w/ the goal of 15-25% ROI: Consolidation / breakouts, upgrade/downgrades, and continuation patterns. There's about 5 of us that post, some of us are extremely new and others have been trading for decades w/ large capital.
Anyhoot, my next target for djia is the 10350 area, which is a .5 fib retrace off the high to low, for a bullish position.
If anyone's interested, there's a great webinar (free) that's a great introduction into Option Trading. Let me know if anyone's interested... was a HUGE eye opener for me, comming from a very social/Arts background and knowing nothing about the market: Now, I know next to nothing.. an upgrade! woot woot.
GW2_Guardian
SWtOR_Marauder
WAR_White Lion_Iron Rock
Amins_WOW_Shaman_Crushridge
Aminion_DAOC_RM_Mid/Guin
Bnobo_Dark Ages_Monk/Rogue
SWtOR_Marauder
WAR_White Lion_Iron Rock
Amins_WOW_Shaman_Crushridge
Aminion_DAOC_RM_Mid/Guin
Bnobo_Dark Ages_Monk/Rogue