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04-28-2008, 07:42 PM
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Big Board Stocks - April 30
Hey everyone. So sorry I didn't post last weekend. Things got crazy busy. Meant to drop by this morning too, but didn't get a chance either.
Anyway, since I updated, I covered the short on NOG pre-market. Instead, I'm now short on SOHU after a gap up. China stocks in general are nearing over-bought imo and it seems there's a likely fall in the sector as a whole similar to what the solars experienced a little while ago. With that said, you can expect to see a lot of rising wedge patterns in the sector as a whole, which could be a good short if timed properly, with the right technicals. A few shorts I'm looking at are: ASIA SINA SOHU Hope this helps. See y'all in the chat tomorrow, hopefully.
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"Don’t let anyone look down on you because you are young..." - Timothy 4:12 MY PUBLIC CHARTBOOK Last edited by J-Tea : 04-28-2008 at 09:20 PM. 
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04-29-2008, 03:50 PM
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EOD April 30
Since last update, I've traded some options. I'm starting to dabble in options as the earning potential is quite good if you do your DD.
PUTS - June 20 on both SOHU (at 70), and XCO (at 22.5) CALLS - Sep 19 on DSTI (at 2.50)
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"Don’t let anyone look down on you because you are young..." - Timothy 4:12 MY PUBLIC CHARTBOOK
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