Taking Final Profits On VMWARE Short
Yesterday we took initial profits on our short calls trade on VMW. Read HERE. Today VMW is down another 1.40% as of this writing and we are taking the rest of the profits and thereby closing the trade. The profits accumulated quickly in this trade and we are happy to take the risk off the […]
You Need A Trading Plan
You say : Trading Plan? We say: You cannot trade without one Consider our trading plan: 10 different high-probability trading and investing setups 25 colorful charts describing each setup visually How to setup your charts for each trade setup Where to place profit limits and stop orders How to manage risk in each trade […]
Pizza Rally! Dominos On Fire
After announcing its earnings on May 5th, Dominos Pizza has rallied 28% in just about one month. Papa John's (PZZA) has also staged a major up-move over the same time-frame. I've pointed out the massive gap in the chart of DPZ several times this year so I wanted to follow up. See the chart […]
Euro Stoxx 50 Breaching Major Uptrend line
As flagged several times the past few weeks, the Euro Stoxx 50 index was in danger of breaking a major uptrend line that has been in place since May 2010. That uptrend has now officially been broken as the index closed below it two days in a row and today is continuing that slide. […]
Taking Profits In OpenTable (OPEN) Short
On May 4th OpenTable (OPEN) offered us a great opportunity for a classic 'short calls' Bucket 3 strategy after the stock dropped hard due to earnings. As expected the stock never saw the pre-earnings levels again and the calls that we sold are now worth a mere 5% of where we sold them at. So, […]