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CEPH, GG is a short at 44-45
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• Wednesday, October 07th, 2009

CEPH
Click on the image to enlarge

btw–I already made +100% gain, twice shorting GG over the past 30 days–
I have since raised my short target to $45
GG, gold stock, which will benefit from AA’s earnings report–I suppose some investors don’t see the connection between AA earnings and the price on GG—We’ll, after 10 years experience–I get it!

You know what I started to post, in place of this GG chart?
A chart on RTP, but then I thought that would be to esoteric for you, suffice to say–RTP has zero chance of reaching the 200 day weekly = $250 ( for awhile) –But it will beat it’s last high of $213
( eventually) –
So, anyway–GG is much simpler to understand–
If you get NEM at 51 and GG at 45 on the same day–that’s when to short RTP—for a massive $$$GAIN—
So, don’t accuse me of never telling you how to trade RTP–I just did!

California is bringing back Welfare!

Category: gasoline stocks
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  • Great post. Thanks for sharing. I hope it could help us.
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  • JCP, I figure the NOV 32.5 low is either 1.05 ( today) or 0.90, and from there 1.50 looks do-able--I'm only using 0.5% of my account on OTM --NOV 40 is at 5.00--I knew they'd go $1 cheaper if I waited!
  • JCP SHORT NOW--35.45
  • cotguy
    what is your call on the oct 38 JCP puts bought at $3
  • I think you'll be ok--What's wrong with the NOV 40's--much more time, and it's about the same dollar for dollar from JCP's current price--
  • RIMM, I'm dumping NOV 75 calls --I'm close enough to the 71 exit--besides the calls are +60%
  • LEAP at 16
  • USB, borrows money for 0% and buys treasuries for 3%, they don't have to do anything, for billions! It's a pyramid scheme--I thought those were illegal!
  • NTAP is doing really good--probably gets to 29-30 at this rate
  • IBM, the eps history chart ( exclusive chart for members only) in the members area--Are any Members surprised that IBM went to $125 today?
  • Caldacan
    interesting, ECA just recommended by Grasso on FastMoney halftime.
  • My ECA NOV 55 put was stopped out--I'm waiting for ECA 61.5, before trying again. Fastmoney may have it right!
  • Romaitas
    hey Z. Question. If ECA is going to correct to levels of 56-57 next week why not go into Oct 60 puts for 1.15-1.25? Given after the bell today there will only be 4 trading days before options expire (17th) but they would sell for 4.00 +/-.

    More risk because of the time frame but just curious to know why not... I'm still pretty new to options trading.
  • The ECA NOV 55 put is doing the same thing as the OCT 60 put--as far as pricing--If ECA gets to 56-57 that Nov 55 puts gets to 2.50-3.00
  • The market may keep ECA above 60 all next week, and then the OCT 60 puts expire worthless--It's also gambling--So I'd only use 0.5% and not 3% account allocation--
    If you normally buy 10 contracts ITM's, then on this trade only get 2 or 3 OCT contracts--you'll probably lose it all or break even, or you might make 100% or 200%
  • # Climate Change: How to Invest for the Possibility at Seeking Alpha(Fri, Sep 25)
    Man, seeking alpha is anti the science of climate change! That's what I read into the way they've worded their headline!
  • Can ECA get to 61.5? Yes, ( but maybe not) the eps last 90 days has been raised--My ECA chart is from 9-14-- http://zstock7.com/?p=1671
  • If you get stopped out of the NOV 55 puts--1.20, then wait for ECA to go to 61.5 and try the NOV 60 puts--for everyone else just get the NOV 65 puts
  • ECA nov 55 put 1.35-1.40--This trade can go horribly wrong if ECA goes to 61.6--but ECA anywhere near 56 or 57,next week and the NOV 55 put sells for 1.70-2.25--use a 1.20 stop loss
  • Shorting ECA at 59.9 will add more at 61.8
  • APOL 74 triple top--short now--use a 75 stop loss
  • ECA is above $56 again, that's unsustainable
  • XLE 59.8 is the 200 day weekly--XLE is showing higher highs and higher lows past 90 days
  • KSS, UPDATE, I'd wait for 61.6 before shorting--
  • BHI SHORT now--use a 45 stop
  • RIG 92 alert--http://zstock7.com/?p=1666 I sure missed on BHI by 16%, 9-11 posting
  • CEPH nov 50 calls 4.80--CQEKJ--If those were a buck lower--I'd buy!
  • When that slow sto on JPM closes--I'm going SHORT JPM--just enough eps increase last 30 days, to get to $47 or so
  • WLP long was working, then it stopped out--now WLP down 7%--I'd wait for 43's , then try long again. I guess the healthcare bill, takes a bite out of it's growth prospects, the way this stock is acting. or the market is way nervous.
  • I agree. I don't love the support bounce at $44 but at $43 there is a margin of safety there and I think is worth the risk. Could work at $44 but too risky for me.
  • The public option is in all 3 of the house bills, and the Dem's are countering any opposition to that, with a windfall tax against health insurers--Maybe $43 doesn't even hold--If you look at AET 90 day eps estimates--it's down more than 20%
  • yeah, it's all pretty moot anyway. WLP took off higher so $43 isn't going to happen today.



    ________________________________
  • cotguy
    Anyone nibbling on KSS?
  • When RTH was at 81-82, I posted KSS,TGT etc, had enough eps upgrades for RTH to make it to 90--I'm shorting RTH, KSS,--the worse case looks like break even.
  • Mr_Lahey
    Your go long TM trade was a success, Z. Congrats!
  • After OCT earnings is over--and the VIX is back to 29 or 35---or where ever--That's going to be one of the best buy on the dip ops since last March, or mid July!
  • Whatever happened to RIMM--That can happen to any tech company getting set to report in OCT--And if the Tech company happens to be a market mover--Bulls ( that day) are going to get killed in AH---( potential market movers--AMZN,AAPL,INTC,IBM,CSCO, etc.)
  • Here's Jakegint on twitter
    http://twitter.com/JakeGint
    go and ask him what you should do, when the VIX is in the 23's!
  • TenYear
    I am still not short the market in any way yet. Today's action was consolidation.

    Z said this two months ago: "Buy the dip could last 2 weeks." Buying the dip continues to work for months.
    One thing is for sure however, when the Fed is done pumping and the stimulus has ran its course, every investor long is going to feel the pain. Buying the dip could last another three to six months during the greatest bear market rally of all time.
  • I'm doing what Jakegint says to do--VIX gets into the 23's again, start getting some shorts together--That's why I put up some numbers for GG and KSS,--I want to have at least a couple of short positions--when VIX gets to 23's.
  • I posted the short sell numbers for IBM in the member's area--- http://retracementlevels.zstock7.com/
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