Allan B Tidbits

August 2008 - Posts

• ABK 82808

  Posted Aug 28 2008, 06:47 PM by Allan B with no comments I have a modest position for my IRA. Last year at this time, it was in the $60s. The strategy I use will be based on this tenet: sell into strength...buy on weakness. As we near targets, I like selling...

• GS

  Posted Aug 27 2008, 06:28 PM by Allan B with no comments This chart shows a few things of note: * longterm support/resistance trendline, * double-bottom coincides with fib line * every rally since April/08 began with a gap up from the fib line or the longterm...

• POT 82508

  Posted Aug 25 2008, 09:13 PM by Allan B with no comments http://screencast.com/t/hvGiFWojUhW after 3 days of churning at the 20sma and ascending trendline, looks to visit the 200sma...170.21....

• AAPL 82508A

  Posted Aug 25 2008, 03:53 PM by Allan B with no comments http://screencast.com/t/QapA2EpUIhy target is 50sma for the remainder 1/3 of puts for the record, last week, i bought AAPL Sept 175 puts APVUO @ 6.4. today, sold 1/3 @ 7.3 another 1/3 @ 8.0 i'll be...

• POT 82308

  Posted Aug 24 2008, 02:07 AM by Allan B with no comments *Downtrend since 6/19/08 *8/19...bounced off 200sma from ascending trendline *8/21...stopped at 20sma and ascending trendline *8/22...inside day, consolidation At a pivot point here. Can visit 200sma or...

• PCU 82108

  Posted Aug 23 2008, 07:58 AM by Allan B with no comments PCU runs with FCX. Yesterday, I mentioned it when Bagger liked FCX. Yesterday's move was very notable: * gapped up over long term support which served as resistance over the past few trading days ...

• AAPL 82208

  Posted Aug 22 2008, 03:20 PM by Allan B with no comments Sitting on support after bouncing from descending trendline. A close above trendline may suggest a visit to June highs. If breach 8/22 low, may suggest a visit to 50sma....

• POT 82108

  Posted Aug 22 2008, 05:18 AM by Allan B with no comments oN 8/19, POT bounced from 200sma after pullback from long term trendline. Today it closed right under long term trendline. If it closes above this trendline, target would be 50sma...$206. If it decided...

• BIDU 82008

  Posted Aug 21 2008, 09:56 AM by Allan B with no comments BIDU gapped up, closed above 50sma, closed above long term trendline, closed above short term term trendline and bounced back down from 38% fib retracement. This action could be a reversal of the short...

• AAPL 82108

  Posted Aug 20 2008, 08:05 PM by Allan B with no comments Got stopped out of my Sept 180 calls this morning. I entered the trade yesterday expecting the start of a new leg up to test August highs. However, today's gap down could mean a visit to the daily...

• RIMM 81908

  Posted Aug 19 2008, 06:53 AM by Allan B with no comments Sitting at 50% fib line and 50sma for a natural area to bounce from. Negativity in market is influencing any move up. Market is becoming oversold. Expect a relief rally which will let this puppy run. Targets...

• RIMM

  Posted Aug 17 2008, 11:04 PM by Allan B with no comments RIMM...sept 130 calls...RULIV....5.1 Price @ 125.50 playing for this to bounce. once clears, 126.80, should fly....

• TRADES

  Posted Aug 17 2008, 03:47 PM by Allan B with no comments Because its faster, I began to post my daily thoughts in chats. However, it cannot be saved. To alleviate that problem, I will copy what I said in chats and put it in my blog. Here's my Friday's...

• JOURNEY

  Posted Aug 12 2008, 07:19 AM by Allan B with 1 comment(s) i have to cut my trading off until Wednesday. my childhood friend is the drummer for Heart. spent the whole day yesterday chillin on the beach. in the evening, hosted a meet and greet for Journey's...

• OPEX WEEK

  Posted Aug 11 2008, 07:03 AM by Allan B with 1 comment(s) Will not trade much this week. Volatility caused by the manuvering of bigs. My only position is ABK stock bought at $4.12....