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Flipped short


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#1 CLK

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Posted 27 December 2006 - 04:18 PM

Probably early, but hourly overdone. Not interested in AAPL either way any more, serious chop ahead for that one now that it bottomed. Should have not bailed out so early. Figures, held RIMM and won't drop but AAPL does, now forced to hedge RIMM.

#2 hiker

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Posted 27 December 2006 - 04:38 PM

CLK..I closed AAPL long near 82...turned out to be a nice daytrade...horizontal zone 82-82.50 was first resistance target. could have been a good short entry there, but did not like the risk/reward for a short yet. I am long OATS...will hold into next year unless stopped out....double bottom in play? needs to move above 14.70-.90. UPL had a good move up today off the swing low put in this week.

Edited by hiker, 27 December 2006 - 04:41 PM.


#3 CLK

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Posted 27 December 2006 - 04:58 PM

CLK..I closed AAPL long near 82...turned out to be a nice daytrade...horizontal zone 82-82.50 was first resistance target. could have been a good short entry there, but did not like the risk/reward for a short yet.

I am long OATS...will hold into next year unless stopped out....double bottom in play? needs to move above 14.70-.90.

UPL had a good move up today off the swing low put in this week.



Hiker,

Good trade on AAPL, I don't like shorting anything after a key reversal day.

No opinion on OATS right now.

I still think there is more downside to the market somewhere soon,
leaders don't come apart for nothing.

#4 securelstmile

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Posted 27 December 2006 - 05:47 PM

I am still kicking the tires on apple. I want in but just not ready to take it for a drive yet.
The harder I work, the luckier I get.

#5 CLK

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Posted 27 December 2006 - 05:48 PM

Hiker,


Here is why I'm staying short RIMM.



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#6 CLK

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Posted 27 December 2006 - 08:47 PM

CLK..I closed AAPL long near 82...turned out to be a nice daytrade...horizontal zone 82-82.50 was first resistance target. could have been a good short entry there, but did not like the risk/reward for a short yet.

I am long OATS...will hold into next year unless stopped out....double bottom in play? needs to move above 14.70-.90.

UPL had a good move up today off the swing low put in this week.



Hiker,

Good trade on AAPL, I don't like shorting anything after a key reversal day.

No opinion on OATS right now.

I still think there is more downside to the market somewhere soon,
leaders don't come apart for nothing.



OATS needs to get above the blue TL. Looks like a consolidation right here.

One thing I don't like is the 10 over 54 cross on the weekly, looks bearish.
PnF has it to 10.

Still has a chance for now though.


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