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Author Topic: What I am watching as swing trades 3
AJGrano
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quote:
Originally posted by rajthebam:
do you know if this can be done on scottrade?

Yeah you should be able to. Check it out....

http://www.scottrade.com/investment_services/options_trading.asp

I use E-Trade right now...fees are a little up there but I really do like their platform and their customer service is really great...I can always call them at any given time and speak to a live person who's always pleasant and willing to help. If you're interested in getting into SKX, I think that .65 is a great entry point...I don't think its going to go too much under 33-33.50 if it even does and its a pretty bullish stock from what I've noticed.

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AJGrano
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quote:
Originally posted by rajthebam:
do you know if this can be done on scottrade?

Yeah you should be able to. Check it out....

http://www.scottrade.com/investment_services/options_trading.asp

I use E-Trade right now...fees are a little up there but I really do like their platform and their customer service is really great...I can always call them at any given time and speak to a live person who's always pleasant and willing to help. If you're interested in getting into SKX, I think that .65 is a great entry point...I don't think its going to go too much under 33-33.50 if it even does and its a pretty bullish stock from what I've noticed.

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rajthebam
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what option level access do you need?
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AJGrano
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quote:
Originally posted by rajthebam:
what option level access do you need?

I'm not 100% sure raj but I had no problem qualifying to trade options and I only made a few small trades previously and I only have roughly 5k in my account. I might have to pick up some of these .50's of SKX though just because this has tanked today...wish I bought them now instead of yesterday but I thought it was going to have a little rally after an almost 8% selloff the other day. ugh..and to think I would've doubled my profits if I just held onto NFLX for today.
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AJGrano
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Ugh, wouldve been up another 2.2k on my nflx if I held today. Instead I'm down on my cien and skx, lol oh mannnnn
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AJGrano
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3.2k now. I am sick to my stomach right now, thank god I atleast got to enjoy the dirty Jersey shore today.
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AJGrano
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So I bought more calls for SKX at .25 and of course the thing tanked right afterwards. Looks like I'm screwed on this one folks
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Morpheus
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BGordon Gekko: "The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bull****. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it. Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market. And you're a part of it. You've got that killer instinct. Stick around pal, I've still got a lot to teach you." Blue Horseshoe loves DRN short
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Morpheus
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im short @ 48.20 ..good luck to us
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rajthebam
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morpheus...long time no see...hope you've been well. how did you short it at 48.20? i see yahoo finance showing it opened at 46.53?
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Morpheus
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uhhhhh....hmmmm....let me see??? maybe cause i went short from yesterday about 15 min before the close.. [Wink]
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rajthebam
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good one. that explains. going to vegas anytime soon?
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Morpheus
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vegas...actually..yes...but I dont gamble on the "games"...hate it...however..I do love the ponies..play the longshot odds when you can see the horse is just as good a runner as the favorite..I love 1 dollar trifecta..I hit it often..anyhow..i remain short for tommorrow...when its time to golong..(maybe about 2.25 hrs before wed close we will see..)i like drn, do, jaso, solf, shld, mon and mos
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Morpheus
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making the big money...eeeee doggie
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rajthebam
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good as ever, Mo.
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Morpheus
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ok...the time has come...im now long 500 DRN @ 42.87
..Why the F not...just rolling the dice in cyber vegas...mas over 2500 in the last 2 days on that baby..

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Morpheus
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crap...trying to catch a fallin knife...im long 250 more DRN @42.05 for the last and most important hour of the trading day..
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Morpheus
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respect the CSCO gods...in 200 @ 23.60
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Morpheus
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look at today as "bargin day"...buy when stocks are on sale...
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rajthebam
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I can't believe how Morpheus times his buys at day's lows almost always....even on such bad days his entry points look very close to lows of days
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Morpheus
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not on the CSCO...i took a shot and bailed as soon as the report came out...blah...
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sju1973
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Good to see you're back Morph! Where the hell have you been man?

Still holding TC here. I'm hoping for a bull run to near 11 on this one soon.

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Morpheus
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I've been busy
http://www.paradisecovemalibu.com/beachcafe/index09.html

life is a party...gotta live

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sju1973
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Nice Morph. I was just in Malibu three weeks ago. My first time there. Absolutely, beautiful. Driving down the Pacific Coastal highway in a convertable is a must do for all!
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TraderJones
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Well, well if it isn't Morpheus! Welcome back. Must have been enjoying a nice summer huh?
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Morpheus
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TJ..thanks...i just been laying low and spending tons of dough..everywhere I go...thats how its been...you know [Smile]
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TraderJones
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Hey, what's up with COIN?? They're falling into a black hole today.....and have been for a while now.
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rajthebam
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its dead here today?
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TraderJones
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what do you think about SIRI these days Morph?? others?
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TraderJones
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Raj---what do you got going??
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Morpheus
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im all in SIRI, totally surprised its not been moving up, must be some sort of evil game going on (but thats the market for ya)...im also long DRN AMD LVS since last thursday...for now...longs are the place to be
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TraderJones
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Thanks Morph, I always appreciate your insight
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rajthebam
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not much....have DSW EDC MT holding still.... its tough to day trade with limited $....
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Morpheus
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status on my action....still hold long SIRI and MSFT I had bailed on both some time ago and got back into more shares for lesser price a few weeks after that..so it worked out good there..added 25% to my holding on DRN AMD and LVS at the close today and also started a 1K share position of OMX near the close today at 11.45...so for now im long and climbing the "wall of worry"...god bless america and god bless the american stock market..
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sju1973
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Still long here in TC. Added more shares.
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