pthomas215
1,251 posts
msg #130371
- Ignore pthomas215 |
8/11/2016 2:25:29 PM
M isn't a sentimental play. they slashed more than half of their operations lol. positive signals to the market because they are doing something about the crap economy, how shitty retail is in general and this will improve operating income.
|
mahkoh
1,065 posts
msg #130374
- Ignore mahkoh |
8/11/2016 2:47:32 PM
Sorry, I meant a sympathy play. But looking at my own portfolio I notice the DECK puts I sold a few days ago are in serious profit too. So I guess it's got something to do with retail sector.
|
johnpaulca
12,036 posts
msg #130375
- Ignore johnpaulca |
8/11/2016 2:51:53 PM
mahkoh
579 posts
msg #130370
- Ignore mahkoh 8/11/2016 1:42:00 PM
SKX = shoes, M = clothing (I think) Why would you expect a sentiment trade opportunity here? Or just because they're both retail?
*****************************************************************************************************************************
because it is retail, Macy will close 100 stores plus with enough shares buyback cooked earnings will look good..lol
|
mahkoh
1,065 posts
msg #130376
- Ignore mahkoh |
8/11/2016 3:03:21 PM
Thanks.
Some biotechs look good for a swing ( BMRN, CELG ) IBB too.
|
johnpaulca
12,036 posts
msg #130378
- Ignore johnpaulca |
8/11/2016 3:25:46 PM
REN....looking to short at $13.79
Monthly BB40 will be major resistance, stop will on the 2nd 30min bar tomorrow.
|
johnpaulca
12,036 posts
msg #130380
- Ignore johnpaulca |
8/11/2016 4:01:48 PM
johnpaulca
9,960 posts
msg #130378
- Edit message 8/11/2016 3:25:46 PM
REN....looking to short at $13.79
Monthly BB40 will be major resistance, stop will on the 2nd 30min bar tomorrow.
**************************************************************************************************
did not pull the trigger, way too many buyers.
|
Kevin_in_GA
4,599 posts
msg #130381
- Ignore Kevin_in_GA |
8/11/2016 5:23:43 PM
Actually there were no shares to short this afternoon on IB. I was short 800 shares at $12.00 and out 7 minutes later at $11.70 for a quick gain of $232.
Then got cocky at re-shorted 350 shares at $13.14. Will hold until end of the day tomorrow since this guy is hyperbought.
Also went short 1500 shares of MPET (thank Shilllihs' filter for that one) at $6.00 and exited at $5.85 for a quick gain of $208.
|
johnpaulca
12,036 posts
msg #130386
- Ignore johnpaulca |
8/12/2016 10:17:37 AM
johnpaulca
9,961 posts
msg #130380
- Edit message 8/11/2016 4:01:48 PM
johnpaulca
9,960 posts
msg #130378
- Edit message 8/11/2016 3:25:46 PM
REN....looking to short at $13.79
Monthly BB40 will be major resistance, stop will on the 2nd 30min bar tomorrow.
**************************************************************************************************
glad I didn't pull the trigger, time and sales was important in this decision.
"stop will on the 2nd 30min bar tomorrow". 2nd bar opened above $14.20(mid point of the first bar), this tells me we have more buyers than sellers, this would be my signal to cover the position.
|
johnpaulca
12,036 posts
msg #130389
- Ignore johnpaulca |
8/12/2016 10:37:49 AM
REN($14.77)....profit taking started, now $14.20 should fail. low of day $13.44 could be a good short scalp.
|
Kevin_in_GA
4,599 posts
msg #130394
- Ignore Kevin_in_GA |
8/12/2016 11:13:42 AM
Still no shares of REN to short - I tried adding to my position at $15.14 but no shares were available.
|