Hot Pick Of The Day

[New-born baby]

New-born,
Did you sell a call or buy a put ? I bought it at 43.47 and 46.64. I will continue to post any situation like this I come across. Now explain how I can lose my shirt if I get 1.6 shares of MWA for every share of WLT held on Dec. 6th. Wouldn't WLT now have to drop about 24 points in the next 3 trading day not to at least break even?

-----------billyjoe

Billy,
WLT drop is guaranteed. WLT will reduce in price an amount equal to 1.6 shares of MWA on DEC 6. IF MWA is $15 on DEC 6, then WLT will open $2.40 lower than it closed on DEC 5. IF WLT closes at $50 on DEC 5, then it will open lower by at least $2.40, or $47.60. The chart is still bearish, and will probably continue to drift lower.

I have not yet bought a put or sold a call. IMHO the optimum time for that would be on DEC 4 just before noon EST.

FRO gave away SFL shares, and it got a little ugly for awhile. Remember?

[jiesen]

Jiesen:
Let's see: GPRO . . . may retest that $47 market before moving any higher. PnF says she should have dived all the way down into the $34 level, but then she had a low pole reversal.

In summary: I am bullish as long as $47 holds. If that fails, you'll wish you had learned the options game to cover yourself instead of taking a loss down to $34 on this one. She's below her 50 day average, so you have to say its a bearish stock right now. I don't want her under the 50 day. She ran up against the 50 day and fell down. Short this one for now.

Thanks for the input, NBB! I appreciate it. I'm not basing any trading decisions on GPRO based on a short-term chart, but was just curious/anxious about the strike price for my options (which happen to lock in today) and my ESPP, which kicks in at the end of December. Since I am an employee, as a condition of employment I can't buy any other options, or short the stock. But I will be following it closely, nonetheless- since eventually this stock will likely be my largest holding. With a doubling of the stock in 4 years, and assuming all else remains as is, I would have at least a 50% position in GPRO (yet I currently own no GPRO stock).

Also, you should take anything I say about GPRO from now on with a grain of salt- since I'm not going to say anything bad about my employer here. You'll need to buy me a beer or three for that!

[Rob]

Hey, New-born Baby, I've got a chart for ya.

Tell me what you think of this!

I think I need to buy some!

I hope you did! I didn't. It's only up about 7% today right now.

[New-born baby]

Quote:
Originally Posted by Rob
Hey, New-born Baby, I've got a chart for ya.

Tell me what you think of this!
I hope you did! I didn't. It's only up about 7% today right now.

Really? You surprise me, Rob. When you posted about three weeks ago on HRT I thought of getting some right on the spot, but I delayed because I didn't want to walk out on margin to get it. Then I found out there was no option chain so I forgot about it. After your post yesterday I looked about buying yesterday and remembered there was no option chain, so I dropped the idea altogether.

[Rob]

Really? You surprise me, Rob. When you posted about three weeks ago on HRT I thought of getting some right on the spot, but I delayed because I didn't want to walk out on margin to get it. Should have, though.

You must be thinking of a different one. I only discovered HRT a few days ago.

[New-born baby]

You must be thinking of a different one. I only discovered HRT a few days ago.

Must be. DUH!

OR maybe someone else brought it to my attention and I dropped the idea.

[Rob]

A search of HRT shows that besides its having turned up in at least one of Ernie's data dumps, and some of Doug's recent momo lists, Jim Smith specifically mentioned it not too long ago, and so did Gwhiz in late Oct.

[New-born baby]

A search of HRT shows that besides its having turned up in at least one of Ernie's data dumps, and some of Doug's recent momo lists, Jim Smith specifically mentioned it not too long ago, and so did Gwhiz in late Oct.

That's it. GWHIZ.

[skiracer]

A search of HRT shows that besides its having turned up in at least one of Ernie's data dumps, and some of Doug's recent momo lists, Jim Smith specifically mentioned it not too long ago, and so did Gwhiz in late Oct.

It was a very hot stock awhile back. It has fell way off and there now seems to be some interest in it.

[Rob]

It was a very hot stock awhile back. It has fell way off and there now seems to be some interest in it.

In this case, "some interest" = hotter than a billy goat in jalapeño pepper patch.

[New-born baby]

Nvda

NVDA taking a $1.75 hit today.

[New-born baby]

Billyjoe

Billy,
OUT of WLT at $48.15. Also made some money on the calls. But I'm gone.

[billyjoe]

Newborn,
In real life I sold half of my WLT @48.73. Will see what happens with the rest.

---------billyjoe

[New-born baby]

Newborn,
In real life I sold half of my WLT @48.73. Will see what happens with the rest.

---------billyjoe

Nice profit on that half already. Congrats, and thanks for the heads up, Billy, because I took some out for myself, thanks to you.

[New-born baby]

Newborn,
In real life I sold half of my WLT @48.73. Will see what happens with the rest.

---------billyjoe

WLT down $2.02 already this morning. And it ain't even the ex-date yet.