johnpaulca
12,036 posts
msg #130375
- Ignore johnpaulca |
8/11/2016 2:51:53 PM
mahkoh
579 posts
msg #130370
- Ignore mahkoh 8/11/2016 1:42:00 PM
SKX = shoes, M = clothing (I think) Why would you expect a sentiment trade opportunity here? Or just because they're both retail?
*****************************************************************************************************************************
because it is retail, Macy will close 100 stores plus with enough shares buyback cooked earnings will look good..lol
|
mahkoh
1,065 posts
msg #130376
- Ignore mahkoh |
8/11/2016 3:03:21 PM
Thanks.
Some biotechs look good for a swing ( BMRN, CELG ) IBB too.
|
johnpaulca
12,036 posts
msg #130378
- Ignore johnpaulca |
8/11/2016 3:25:46 PM
REN....looking to short at $13.79
Monthly BB40 will be major resistance, stop will on the 2nd 30min bar tomorrow.
|
johnpaulca
12,036 posts
msg #130380
- Ignore johnpaulca |
8/11/2016 4:01:48 PM
johnpaulca
9,960 posts
msg #130378
- Edit message 8/11/2016 3:25:46 PM
REN....looking to short at $13.79
Monthly BB40 will be major resistance, stop will on the 2nd 30min bar tomorrow.
**************************************************************************************************
did not pull the trigger, way too many buyers.
|
Kevin_in_GA
4,599 posts
msg #130381
- Ignore Kevin_in_GA |
8/11/2016 5:23:43 PM
Actually there were no shares to short this afternoon on IB. I was short 800 shares at $12.00 and out 7 minutes later at $11.70 for a quick gain of $232.
Then got cocky at re-shorted 350 shares at $13.14. Will hold until end of the day tomorrow since this guy is hyperbought.
Also went short 1500 shares of MPET (thank Shilllihs' filter for that one) at $6.00 and exited at $5.85 for a quick gain of $208.
|
johnpaulca
12,036 posts
msg #130386
- Ignore johnpaulca |
8/12/2016 10:17:37 AM
johnpaulca
9,961 posts
msg #130380
- Edit message 8/11/2016 4:01:48 PM
johnpaulca
9,960 posts
msg #130378
- Edit message 8/11/2016 3:25:46 PM
REN....looking to short at $13.79
Monthly BB40 will be major resistance, stop will on the 2nd 30min bar tomorrow.
**************************************************************************************************
glad I didn't pull the trigger, time and sales was important in this decision.
"stop will on the 2nd 30min bar tomorrow". 2nd bar opened above $14.20(mid point of the first bar), this tells me we have more buyers than sellers, this would be my signal to cover the position.
|
johnpaulca
12,036 posts
msg #130389
- Ignore johnpaulca |
8/12/2016 10:37:49 AM
REN($14.77)....profit taking started, now $14.20 should fail. low of day $13.44 could be a good short scalp.
|
Kevin_in_GA
4,599 posts
msg #130394
- Ignore Kevin_in_GA |
8/12/2016 11:13:42 AM
Still no shares of REN to short - I tried adding to my position at $15.14 but no shares were available.
|
BarTune1
441 posts
msg #130401
- Ignore BarTune1 |
8/12/2016 3:03:08 PM
Kevin,
When I can't borrow, I sell near-term calls deep enough in the money such that the delta is close to 1. Like with a $8 or $9 strike. Good proxy for going short when the shares are not otherwise available to borrow.
|
Kevin_in_GA
4,599 posts
msg #130402
- Ignore Kevin_in_GA
modified |
8/12/2016 3:05:34 PM
You know me and options ... I take this as a sign to stay out of any further trades on REN and let my current position play out.
Besides, my positions in MTZ and GOGO are reverting and I have nailed a few long trades off of Pangolin Z, so net I am feeling good about today.
|