Doctor Jack's Stock Medicine

[New-born baby]

As you can see, I just scalped TSO for .25/share times 1 block. Sohrterm, we may very wel see 55 but 105/barrell is not at all impossible in the months to come. IRAN is next!

Jack,
Have you ever considered scalping SU? And I'd like your opinion on a proper P/E for SU. For example, XOM has a P/E of 10.5 or so. SU runs about 21. What thoughts might you have about the disparity? SU is an oil sands producer in Canada.

[Jack Haddad]

Tso

And I'd also like to know how you like to play this stock: a daytrade for a $1 or so, or hold it for a few days for a couple of bucks? Or perhaps some other strategy?

When I hold TSO and most other stok, I'd like to be hedged with calls. I like selling calls, preferrably deep or at the money strike price. I may buy TSO towards the close and write the Sep 65 calls for almost 2 dollars in intrinsic value! That's quite of a juicy premium while hedging.

[New-born baby]

When I hold TSO and most other stok, I'd like to be hedged with calls. I like selling calls, preferrably deep or at the money strike price. I may buy TSO towards the close and write the Sep 65 calls for almost 2 dollars in intrinsic value! That's quite of a juicy premium while hedging.

Thanks for the insight, Jack.

[Jack Haddad]

Jack,
Have you ever considered scalping SU? And I'd like your opinion on a proper P/E for SU. For example, XOM has a P/E of 10.5 or so. SU runs about 21. What thoughts might you have about the disparity? SU is an oil sands producer in Canada.

Since it's a sock that I don't follow, I'd have to get back to you on it later... I ned to look at the charts and valuations.

[Jack Haddad]

AS much as I do like TOL and think it's cheap, I shorted 1 block here at 24.55
The stock has run from a low of 22.00, and U just think there is more downside and consolidation due before the stock is back in the 30s again.

Covered at 23.90. The recent ride to 28.45 was not warranted.

[spikefader]

Jack,

..I get an icky feeling with CHCI.

ps. I got burnt by this from 7.2 to 6.96... glad I got out when I did.

lol yeah, I'd feel icky if I were a bag holder, but a 3% stop ain't no burnin'! . But seriously, CHCI sets up as an excellent short candidate in my book, in a monthly 3 down and gap down on volume. The trick is finding the perfect r/r entry now. Gonna stalk this one myself. Might find 2.00 pretty quick this one.

[jcohen918]

Tso

Bought 1000 shares TSO at 68.57
Sold 1000 shares TSO at 69.92

[Jack Haddad]

Tol

Shorted 2 blocks at 25.05

[Jack Haddad]

Tol

Shorted 2 blocks at 25.05

Covered at 24.81

[spikefader]

..CHCI sets up as an excellent short candidate in my book, in a monthly 3 down and gap down on volume. The trick is finding the perfect r/r entry now. Gonna stalk this one myself. Might find 2.00 pretty quick this one.

Short setup presents a few minutes ago at 4.41 to target $2.00. Risk is 3% to target 54%, r/r of 18. Pretty tempting numbers.

[Rob]

Sold at 29.00. The stock has resisted 29.00 three times, signaling more selling pressure.

It's testing that resistance again today. We'll see if it manages to break through this time.

[Jack Haddad]

Imcl

It's testing that resistance again today. We'll see if it manages to break through this time.

The selling last week in the wake of a missing buyer for IMCL was overdone. I'm looking forwward to mid-30s

[Jack Haddad]

Chci

Bought 5 blocks at 4.44

Sold at 4.49 I expect a retreat to 4.31 so said the intraday charts.

[Rob]

We'll see if it [IMCL] manages to break through [29 resistance] this time.

It just did. Hold, baby! Hold!

[Jack Haddad]

Tol

Shorted 2 blocks at 25.22