Stocks Daily Discussion

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DMND just spiked to $28 today - didn't realize till after market close though, too busy studying for midterms... Erg - this is a distraction.. or is the midterm a distraction for this? Ah! XD


IGC also holding up well - nice to see it safely around $.55 now.

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Haha, totally +1 to technical analysis here.  Stock shooting up before close and news of private equity for DMND only just now coming out:
http://online.wsj.com/article/SB10001424052702304724404577295832052261676.html

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RWC just had contract news.  We'll want to see it hold above $2 resist.

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Could this be the catalyst for GRPN? Still sticking to my call for July puts from a few weeks back.
http://finance.yahoo.com/news/groupon-slashes-4th-quarter-results-210241875.html

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HEAT is breaking out at $7-ish.  I think THTI is also breaking out because people mistake it for HEAT.

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RENN about to breakout.  Watch $6.50 resist.

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Just exited GRPN July 13x puts for about +44%, held for about 3 weeks.
Going to watch for re-entry again after the bounce.

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Watching coffee stocks here.  Am thinking the selling to the lowered forecast might be overdone.  Picked up CBOU 10x August calls at $2 (CBOU at $11.50) for a similar bounce to what GMCR is having today.

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Took a little out of CBOU at $12.60, calls up 40%.  Pretty much a perfect candle setup (3 hammers before the up-move, as if it weren't clear enough).  Think there's more upside but keeping a little in cash incase of a pullback or I want to average more DMND (moved to Sept. calls now).

Am watching $13 and $14 as major resistance points for CBOU (the window/gap range).

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Stopped out the rest of CBOU calls at stock price of $12.30; bid for calls was kept up higher than it should be though by someone so there was no loss.  Just watching for re-entry on either this or DMND right now.

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PEP is spiking on Relational Investors about to reveal their stake in the company.  Calls are priced nicely, so I picked up a few June 70x just to see what happens.  A move of $2.50 on the stock means 300% on the calls.

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Watching for a break of $24 on DMND with this news:
http://www.reuters.com/article/2012/05/23/diamond-idUSL1E8GN2A620120523?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews&rpc=43

Still holding Sept. 23x calls here.

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Just a heads up I'll be holding off from any trading until about the end of summer.  Going to be very busy - hopefully nothing dies before I get back.

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Finally able to trade again after a long summer.  No more holding in the future though while gone (DMND But PEP did awesome so oh well ).

In the mean time, I wrote myself a small program for automated screening and technical analysis.
Right now the most consistent indicators are volume + trendlines, so I'll be trying out real trades with those first.

So far I've picked up the following on my screens but will be watching more before deciding on entry.  The automation doesn't time the entry that well yet, so I'll still be doing that myself for a while but it's nice not to have to use Equity Feed or anything like that anymore.

ADI at $40 (intended long)


VNO at $80 (intended short)

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I ended up picking up a few ADI 40x Sept. calls at $1.20 yesterday after the stock pulled back up to $40.40-ish.  VNO looks like it's bouncing so I'll wait for that to end.

Edit: Got out of ADI calls at $1.25 - didn't look like it was going to hold in this range for much longer without a pullback.  That and the program actually bought and sold a few days ago already, so I'm jumping in late anyway.

Also using a configuration I made for modeling SPY, my program is showing that SPY is right at a major resistance (overlapped red candle you can barely see further right) - thinking of going long in anticipation of a break, especially since the program actually went long 2 months ago, but I'll wait for a pullback first (since I'd be going in 2 months late if based on the automation).