Ok guys, i hope everyone is doing
ok. I know i haven't been posting for awhile. But rest assured, i still trade for a living.
I miss "y'all" and will be posting on this blog from now on. As you know, i no longer use the beanie chat room.
Hopefully i can help ya make some money here. I try not to trade penny stocks anymore as they are usually not worth the paper they are written on. It may actually be better to trade stock options than penny stocks. So make sure your account can trade options because i will occasionally give you some options plays.
Stock options are also very speculative and you should always play small.
Welcome back! (if you care to hear from me. lol)
I miss "y'all" and will be posting on this blog from now on. As you know, i no longer use the beanie chat room.
Hopefully i can help ya make some money here. I try not to trade penny stocks anymore as they are usually not worth the paper they are written on. It may actually be better to trade stock options than penny stocks. So make sure your account can trade options because i will occasionally give you some options plays.
Stock options are also very speculative and you should always play small.
Welcome back! (if you care to hear from me. lol)
posted by beanie11111 | 4:43 PM
3 Comments:
Ok, here's the first options play i am very interested in:
TIE sept 30.0 calls
(although TIE sept 27.50 is much safer). Note we only got 2 weeks left before expiration, making this a very speculative play.
Wait for a break above $28.11 (50-day MA) before buying those calls.
Play small with options. (Say you got $10,000 in your account, please buy no more than $500 for this play)
summary
(Open Positions)
Pick#1: TIE sept 30 calls @ .30
(Closed Positions)
none
Of course you can also long the stock if you don't want to play the option. Projected target is $39.
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