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The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!

Thursday, July 19, 2007

APA set for breakout at $88

APA closed @ 87.60

I am hoping this oil/natural gas outfit opens below $88 so we get a chance to buy the July 90 (for the brave) or 85 option calls once it takes out $88. Beginner option traders should buy the Aug calls instead. Alternatively, go buy the stock.

A break above 88 obviously takes it to 100 and then beyond.


68 Comments:

Blogger beanie11111 said...

july 85 calls is what i will be looking at Thursday. For every $1 move up the stock goes, the calls also go up $1.

Thu Jul 19, 03:28:00 AM EDT  
Blogger StocksWalayBaba said...

CPTC

worth keeping eye on today.

Thu Jul 19, 09:21:00 AM EDT  
Blogger Arun said...

SPWR not doing so hot this morning. Earnings disappointment?

Thu Jul 19, 09:26:00 AM EDT  
Blogger beanie11111 said...

arun,

in a way yes because they loss money last quarter. But the revenues are growing gangbusters! Just a short term blip is all.

SPWR going higher eventually.

Thu Jul 19, 09:51:00 AM EDT  
Anonymous Anonymous said...

Beanie,

SOLARS R Up all righty for the moment...HOLD CSUN for how long? Thanks Pam

Also have a small popsition with SOLF

Thu Jul 19, 09:52:00 AM EDT  
Blogger el_myko said...

Hey beanie whats your opinion on WWAT i sold half and contimplating selling the other half?

elmyko1

Thu Jul 19, 09:57:00 AM EDT  
Anonymous Anonymous said...

load ISRG

200 tonite and stock splitting after

Thu Jul 19, 10:08:00 AM EDT  
Anonymous Anonymous said...

closed wwat
needs to consolidate..

solars are looking weak, but i believe its a consolidation before the next run up...

NTRI is cheap here

Thu Jul 19, 10:09:00 AM EDT  
Blogger gosu said...

NDAQ now the cheapest of all exchanges. Profit doubles there. Going higher, beanie?

Thu Jul 19, 10:19:00 AM EDT  
Anonymous Anonymous said...

Any thought on MF Global?

Thu Jul 19, 10:34:00 AM EDT  
Blogger gosu said...

Somebody is absolutely unloading the brokerages.

Thu Jul 19, 10:39:00 AM EDT  
Blogger Arun said...

ahh... DRYS... :)

Thu Jul 19, 10:42:00 AM EDT  
Blogger beanie11111 said...

You folks do own RIMM right? The stock and/or the sept 230 or 240 calls.

Thu Jul 19, 11:42:00 AM EDT  
Anonymous Anonymous said...

I tried very hard to find the answer to the question below but I have not been able to.

My account has less than 25K, so I am limited to 3 day trades per 5 rolling days..... So lets say I do 1 daytrade on each of the following days; Monday, Tuesday, and Wednesday. On what day can I perform another daytrade? Friday, Monday, or Tuesday?

Thanks in advance.

Thu Jul 19, 12:04:00 PM EDT  
Blogger big bob said...

are you serious? call your fucking broker and figure it out for yourself. can you wipe your behind with assistance?

Thu Jul 19, 12:13:00 PM EDT  
Blogger StocksWalayBaba said...

CPTC near ---> breakout @ 1.86

Thu Jul 19, 12:19:00 PM EDT  
Blogger JakeGint said...

Still as stable and mature as ever, eh Gosu/Ted?

I'd advise therapy, if I cared. Maybe you can see the village witch doctor?

______________

BIDU is like an oil derrick right now... pumping for suckers. I've never seen anything like it...

Thu Jul 19, 12:20:00 PM EDT  
Blogger aymon said...

anon,

I think on Tuesday you will be able to make another day trade. If you're with Interactive Brokers then you can find out how many daytrading days you have left the Margin panel

Thu Jul 19, 12:20:00 PM EDT  
Blogger steve said...

LOL, there he is again! For someone who "left" you sure do spend a lot of time here.

Thu Jul 19, 12:26:00 PM EDT  
Blogger beanie11111 said...

CLWR:

flyin and nothing's gonna stop it today

Thu Jul 19, 12:29:00 PM EDT  
Blogger StocksWalayBaba said...

beanie,

do u think CLWR is a buy here in 32-33$ range?

Thu Jul 19, 12:38:00 PM EDT  
Blogger vonpinscher said...

jakegint makes this board fun when you are not all getting vulgar and he has ideas to offer to the board so i think you should get off it!!!!

Thu Jul 19, 01:09:00 PM EDT  
Blogger NULL said...

Anonymous,
You will be able to trade again on tuesday. Be aware that not all brokers are like IB. They will let you trade on Friday also but the next day you will be marked as a pattern day trader and you will have a cash account till it becomes above 25K again.

Thu Jul 19, 01:13:00 PM EDT  
Blogger zstock7.com said...

PJC au50c sold for 2x...yeah
GS good support 207 = 200D 40MA = 209
BX is a gift at 27.0 and rsi 25..
VMC warns 2q ..good support 104...2 bottom and 200d...or buy now...AUG 100 or 105 call..
MLM good support at 150 = 0.38 fib and 20 price ch. Match..= 80/20

Thu Jul 19, 01:18:00 PM EDT  
Blogger StocksWalayBaba said...

Holding:

CPTC, CLWR, FCX, APA, LDK, RIMM, FSLR

Thu Jul 19, 01:19:00 PM EDT  
Blogger beanie11111 said...

anon,

the rules say 5 consecutive days. So i reckon if you daytrade mon , tue, wed, your next daytrade can be made the following monday. Call broker to be sure.

Thu Jul 19, 01:19:00 PM EDT  
Blogger beanie11111 said...

APA:

finally got back above 88. The train should be leaving for sure this time.

Thu Jul 19, 01:20:00 PM EDT  
Anonymous Anonymous said...

TASR!!!!!!!!!!

Thu Jul 19, 01:23:00 PM EDT  
Anonymous Anonymous said...

Ok, thanks for those with serious attempts. I will call my broker (Schwab) to be sure. I did see that IB has a feature that keeps a real-time counter of day trades left. You would think Schwab could do something similar. Or at least warn or prevent you from making a daytrade over the limit. An account freeze would totally screw me up.

Again, thanks.

Thu Jul 19, 01:26:00 PM EDT  
Blogger zstock7.com said...

Gold stocks look toppy
-ABX short i’m buying au35p 34 target met...rsi 78 and multi month channel match..
ABX 06 eps higher than 07 eps downside 35 = 2 top or NEM breaks out above 200 day = 43.1.
-AU short..45 target met
-GDX short –43/44 target met

Thu Jul 19, 01:37:00 PM EDT  
Blogger NULL said...

Anon,
The "freeze" is not set in stone. If you call them nicely then can undo the daytrader flag. Not all brokers do it but some do.
Yeah you should be able to day trade on Friday and not Tuesday like Beanie said.

Thu Jul 19, 01:48:00 PM EDT  
Blogger beanie11111 said...

NULL,

i said Monday.

Thu Jul 19, 01:57:00 PM EDT  
Blogger beanie11111 said...

RIMM:

new lifetime highs!

Thu Jul 19, 01:58:00 PM EDT  
Blogger beanie11111 said...

APA:

if it takes out today's high, those calls should be worth a bundle tomorrow

Thu Jul 19, 02:00:00 PM EDT  
Blogger zstock7.com said...

SUN 30/50... 75/76 good support 200d 69.2 off chart (that’s good) ...r37..wait for rsi32 ./12/9/9 \10\7 slow sto supports 75/76.. 76looks good..up 9 down 9 channel match..+ test my XLE down on Fri up on Monday observation...will buy the AUG 75 C at SUN =76

Thu Jul 19, 02:05:00 PM EDT  
Blogger Anon said...

DRYS. I cant believe I sold it. Unstoppable.

Thu Jul 19, 02:41:00 PM EDT  
Blogger dmyegorov said...

Finally SBUX totally bottomed and reversed !!!

Dimitry

Thu Jul 19, 02:52:00 PM EDT  
Blogger zstock7.com said...

Buying VMC aug 110 call 2.25...downside VMC tests 200 day 103./ 104...i’ll just buy the aug 105 call...VMC at 103
shorting NBL aug 65 put 1.45 ...just a hunch....short sell tgt 66 met...and then some...

Thu Jul 19, 02:53:00 PM EDT  
Blogger beanie11111 said...

APA blew off the handle!!!

Thu Jul 19, 03:24:00 PM EDT  
Blogger StocksWalayBaba said...

thnx Beanie for APA and other picks.

Thu Jul 19, 03:26:00 PM EDT  
Blogger StocksWalayBaba said...

CPTC now flirting with 2.

Thu Jul 19, 03:28:00 PM EDT  
Anonymous Anonymous said...

beannie

what about your NTRZ.OB junk?

i still have that garbage i lost 4K

what should i do? hold it? or lose my money and move into something else?

Thu Jul 19, 03:29:00 PM EDT  
Blogger Arun said...

Anyone jumping on the GOOG bandwagon before the market close? (earnings after the bell).

Any decent GOOG calls to own?

Thu Jul 19, 03:32:00 PM EDT  
Anonymous Anonymous said...

I kinda missed RIMM calls, but is it still a good call at 135, or does a pullback with better entry seem likely to you?

GLBC was great! Thanks, Beanie.

Thu Jul 19, 03:35:00 PM EDT  
Blogger beanie11111 said...

anon,

if you got no patience for NTRZ, sell it and put the money into the APA august 90 calls.

Thu Jul 19, 03:36:00 PM EDT  
Blogger Unknown said...

Bennie,

I have asset for Q.. is it worth keeping it or sell it ?

Thanks,

Thu Jul 19, 04:23:00 PM EDT  
Blogger joerawr said...

GOOG! wow! ouch!

Thu Jul 19, 04:25:00 PM EDT  
Anonymous Anonymous said...

To whomever called ISRG,

Nice call on ISRG!!!

Thanks,

aymon

Thu Jul 19, 04:30:00 PM EDT  
Anonymous Anonymous said...

Beannie,

Check out CKSW. been flying since early july on buyout rumors. the volume has been high lately. today it took a breather but earnings are out next week.

This technology is liked by companies like ORCL and IBM.

what do you think? i picked up some today in the mid 6's

Thu Jul 19, 04:32:00 PM EDT  
Blogger gosu said...

This comment has been removed by the author.

Thu Jul 19, 04:57:00 PM EDT  
Blogger Abdul said...

Thanks Anon who called ISRG,

BOT 300 ISRG 148.4
SLD 300 ISRG 163.0

Thu Jul 19, 05:17:00 PM EDT  
Blogger gosu said...

Beanie, do you think its time to short the market?

Thu Jul 19, 05:22:00 PM EDT  
Anonymous Anonymous said...

I gave you FCSX

and I gave you ISRG today

And i am telling you to load NTRI next week...

very cheap!

The PT

Thu Jul 19, 06:21:00 PM EDT  
Anonymous Anonymous said...

PT,

Simply awesome! Will look for a good entry in NTRI tomorrow.

FCSX has retreated a bit. Should we load up the Aug 60 and 65 calls?

Thanks!

aymon

Thu Jul 19, 06:31:00 PM EDT  
Anonymous Anonymous said...

NTRI

I will load tomorrow early in the morning
the market will selloff tomorrow
RSI in NTRI is below 50, so any buys now are strong...there is a great chance of a short squeeze in NTRI, I expect 80-85 post earnings..

ISRG will go to 200, but i bought at 148 and sold just now at 167...

FCSX has retreated back to 60 because of options expiration tomorrow...i will load the august 60 and 65 calls tomorrow too...I expect 67 by end July...

STP CSUN ISRG FCSX NTRI APA

My favourite 6 picks for August

Thu Jul 19, 06:37:00 PM EDT  
Blogger StocksWalayBaba said...

FSLR stabbed in after hrs. Sold for some loss. Yek.

Thu Jul 19, 06:58:00 PM EDT  
Blogger TV107 said...

holy cow did I "F up" what could have been a great day.

I was short 1000 shares CLWR at 34.99 and covered for like 50 cents (10-15 minutes later it was at like 29-30)

Then I got long in between 30-31 and sold for like pennies...missing the run to 34 again

Thank god Google saved my day after hours.

Thu Jul 19, 06:58:00 PM EDT  
Blogger zstock7.com said...

TECH getting killed in after hours....sort of..QID up 0.33 cents...XOM,BP.APC,PTEN,APA down a few cents ,might help my NBL and ABX PUTS) now if SLB (up 0.97 ah.) will just miss tomorrow�s 8AM.. EC.(doubtful)..then NBL will really go down..VMC up 0.66, ISRG up $18...kudos to PT said to buy this one...FSLR down $5 in after hours ..FFIV down $1...SPY down 37 cent... XLE up 0.10..NEM down 12 cent...fails again at it�s own 200 day...BIDU down $4.00...GOOG 0.38 fib = 510 and 480 is my other target...

Thu Jul 19, 08:35:00 PM EDT  
Blogger Unknown said...

i have a question about IB. What does buying power mean. It shows about 4x the amount of money that I put into the account. I can use this money for a daytrade but does it charge me? What do they get out of me using so much of there money???

Thu Jul 19, 09:20:00 PM EDT  
Blogger TV107 said...

as long as you don't use more than your equity overnight, u can use 4x ur money to daytrade.

its a neutral proposition to brokers. it's really considered "their money." it doesn't cost them a penny to give u the leverage.
everyone with at least 25K in an account gets 4x equity

things get complicated when u have overnight positions

Thu Jul 19, 10:28:00 PM EDT  
Anonymous Anonymous said...

Go away jakegint, this blog has been peaceful without your bickering.

Thu Jul 19, 10:33:00 PM EDT  
Blogger Unknown said...

i dont have more then 25k in my account and I was able to spend the buying power money for a daytrade. Am i going to get a violation?

Thu Jul 19, 10:38:00 PM EDT  
Blogger TV107 said...

if u dont have more than 25K in ur account, u can only do 4 daytrades a week

do more and you get a violation

trading is near impossible with less than 25K. when i first began, i tried it and it was impossible

Thu Jul 19, 10:44:00 PM EDT  
Blogger Unknown said...

Beanie, What's going on with NYX? You told us to buy NYX on the house, kids and retirement money!

Thu Jul 19, 11:00:00 PM EDT  
Blogger Anon said...

beanie - did you delete a new post, one warning about tomorrow? please advise.

Thu Jul 19, 11:06:00 PM EDT  
Blogger beanie11111 said...

Lane,

NYX hit resistance at 83-85 and couldn't take it out.

Fri Jul 20, 01:35:00 AM EDT  
Blogger big bob said...

beanie - still got your eye on SYMC?

Fri Jul 20, 01:52:00 AM EDT  
Blogger Arun said...

AAPL gets an upgrade of sorts, DRYS ready for another run today.

Fri Jul 20, 08:37:00 AM EDT  

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