o7's Penny Stock and Stock Options plays!

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 8 years ago '05        #2441
MadGam325 14 heat pts14
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Thepennystockbull.com, was that you, o7?
 8 years ago '08        #2442
o7media 50 heat pts50 OP
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 philly337 said:
So what y'all think about the markets and where they're headed? Head shoulders seemed to complete the right shoulder
Yeah but the point of the head and shoulders patter is that once the right shoulder is complete it falls further to finish the body.

So..to answer your question...we're headed down much further. But there will be some bounces here and there, but don't let them get you too excited.

Honestly, if you're looking to make a lot of money in the long term with safer plays. Buy puts that are months out of the money. Like 2011 puts on any market leader (actually doesn't even have to be a leader) and you'll have a nice return by the end of the year.
 8 years ago '08        #2443
o7media 50 heat pts50 OP
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 MadGam325 said:
Thepennystockbull.com, was that you, o7?
Yep, that's me. My twitter is in my sig..
 8 years ago '06        #2444
philly337 21 heat pts21
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$30,097 | Props total: 13859 13859
 o7media said:
Yeah but the point of the head and shoulders patter is that once the right shoulder is complete it falls further to finish the body.

So..to answer your question...we're headed down much further. But there will be some bounces here and there, but don't let them get you too excited.

Honestly, if you're looking to make a lot of money in the long term with safer plays. Buy puts that are months out of the money. Like 2011 puts on any market leader (actually doesn't even have to be a leader) and you'll have a nice return by the end of the year.
Yea I knowbut figured some people might have different views who don't ready follow patterns on the dow and go more off economic news ect.

How low you think its going


Last edited by philly337; 07-05-2010 at 04:05 PM..
 8 years ago '05        #2445
kkkid 180 heat pts180
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$3,735 | Props total: 855 855
 philly337 said:
So what y'all think about the markets and where they're headed? Head shoulders seemed to complete the right shoulder

I posted on your board right before it went down think ABC is a good buy for calls.it has been in steady uptrend and hasn't really followed the market too much. Is at support right now...waiting for it to head up because the bottom could drop out if markets tank further and abc finally starts to follow
Based on the neckline the S&P should be around 860-870 if the H&S follows threw. Theres probably gonna be an oversold bounce coming soon and the vix will pull back to low 20s. When the vix is above 35 i dont like to hold overnight unless im really confident, the option will lose noticable value when theres the pull back in the vix.


Last edited by kkkid; 07-05-2010 at 04:34 PM..
 8 years ago '08        #2446
o7media 50 heat pts50 OP
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Futures aren't looking good right now...well for the longs anyway. They look lovely for me :D
 8 years ago '06        #2447
philly337 21 heat pts21
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 philly337 said:

I posted on your board right before it went down think ABC is a good buy for calls.it has been in steady uptrend and hasn't really followed the market too much. Is at support right now...waiting for it to head up because the bottom could drop out if markets tank further and abc finally starts to follow
Calls up almost 30% today
 8 years ago '08        #2448
o7media 50 heat pts50 OP
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 philly337 said:
Calls up almost 30% today
Good call, but it's not a whole lot considering the Dow is up 150 points.
 8 years ago '06        #2449
philly337 21 heat pts21
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 o7media said:
Good call, but it's not a whole lot considering the Dow is up 150 points.
ABC has not really followed the market.seemed like it might have started too on this last drop but guess we'll wait and see...based off the history should keep going aslong as dow doesn't fall off a cliff


Last edited by philly337; 07-06-2010 at 09:16 AM..
 8 years ago '08        #2450
o7media 50 heat pts50 OP
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Great sell off. This isn't looking good for the markets. I'm short here so I love it lol

But because they couldn't hold this fluff rally it should mean bad things ahead.
 8 years ago '05        #2451
kkkid 180 heat pts180
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made a few bucks on spy c105 . bought at 1.27 sold at 1.43. Looked like we were gonna be flat so i went to sleep. Then woke up and missed the sell off. weaknessssssss
 8 years ago '05        #2452
kkkid 180 heat pts180
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i chased the put, already sold it. was a loser
 8 years ago '08        #2453
o7media 50 heat pts50 OP
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 kkkid said:
i chased the put, already sold it. was a loser
we're making new lows ..you should have held whatever the puts were on IMO
 8 years ago '05        #2454
kkkid 180 heat pts180
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 o7media said:
we're making new lows ..you should have held whatever the puts were on IMO
was jul17p102 bought at 1.87 & sold at 1.77.

what you holding?
 8 years ago '08        #2455
o7media 50 heat pts50 OP
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 kkkid said:
was jul17p102 bought at 1.87 & sold at 1.77.

what you holding?
I'm holding BMY 25x puts at .68 cents. Down quite a bit now, but I don't have a lot in them. I'll probably average down and hold til expiration since they're so close to being ITM.
 8 years ago '08        #2456
o7media 50 heat pts50 OP
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$32,118 | Props total: 11575 11575
Just posted this over at hsm about my opinions on the market...


[pic - click to view]



That line that I drew from June 21st needs to be taken out for the markets to see any kind of rally here. Today it could not do it as well as several other days. I wouldn't be surprised if we're down triple digits tomorrow and we take out Thursday's lows.

If we do break above it then it will be a good sign for the bulls, a close above that would be even better. But I'm still short and I don't see us going much higher from here.
 8 years ago '08        #2457
o7media 50 heat pts50 OP
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edit: wtf i guess boxden won't let you post links smh ...

guess you guys can't see the chart..


Last edited by o7media; 07-06-2010 at 08:57 PM..
 8 years ago '08        #2458
o7media 50 heat pts50 OP
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Since you guys can't see the chart I posted in its full size...

Draw a descending line on the S&P from the high on June 21st and connect it with the 22nd, 28th, and today. It's perfect resistance that has been tested several times in the past couple of weeks and you'll see what I'm talking about.
 8 years ago '05        #2459
kkkid 180 heat pts180
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$3,735 | Props total: 855 855
I see it, i think were gonna visit 1000 soon.
 8 years ago '08        #2460
o7media 50 heat pts50 OP
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 kkkid said:
I see it, i think were gonna visit 1000 soon.
so do i. most people are thinking we're due for a bounce though.
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